v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 976 $ 796
Adjustments to reconcile net income to cash provided by operating activities:    
Stock-based compensation expense 897 782
Deferred income taxes 172 70
Other, net 114 145
Changes in operating assets and liabilities:    
Prepaids and other assets (377) (275)
Accrued expenses and other liabilities 111 10
Unearned fees 1,085 1,236
Net cash provided by operating activities 2,978 2,764
Cash flows from investing activities:    
Purchases of short-term investments (2,567) (1,643)
Sales and maturities of short-term investments 1,749 1,432
Other investing activities, net 8 (31)
Net cash used in investing activities (810) (242)
Cash flows from financing activities:    
Change in funds payable and amounts payable to customers 5,426 4,510
Proceeds from issuance of long-term debt, net of issuance costs 2,478 0
Principal repayment of long-term debt (2,000) 0
Share repurchases (2,139) (1,817)
Taxes paid related to tax on equity awards (305) (295)
Proceeds from exercise of equity awards 81 75
Net cash provided by financing activities 3,541 2,473
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (146) 689
Net increase in cash, cash equivalents, and restricted cash 5,563 5,684
Cash, cash equivalents, and restricted cash, beginning of period 13,486 12,760
Cash, cash equivalents, and restricted cash, end of period $ 19,049 $ 18,444