v3.26.1
Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers
 12 Months Ended
Jul. 31, 2026
Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers [Abstract]  
Cash And Cash Equivalents Investments And Funds Held For Customers
3. Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers
The following table summarizes our cash and cash equivalents, investments, and funds receivable and amounts held for customers by balance sheet classification at the dates indicated.
July 31, 2026July 31, 2025
(In millions)
Amortized
Cost
Fair Value
Amortized
Cost
Fair Value
Classification on consolidated balance sheets:
Cash and cash equivalents$4,705 $4,705 $2,884 $2,884 
Investments2,495 2,495 1,667 1,668 
Funds receivable and amounts held for customers5,039 5,038 7,076 7,076 
Total cash and cash equivalents, investments, and funds receivable and amounts held for customers$12,239 $12,238 $11,627 $11,628 
The following table summarizes our cash and cash equivalents, investments, and relevant portion of funds receivable and amounts held for customers by investment category at the dates indicated. As of July 31, 2026 and July 31, 2025, this excludes $377 million and $329 million, respectively, of funds receivable from third-party payment processors on our consolidated balance sheets included in funds receivable and amounts held for customers that were not measured and recorded at fair value.
July 31, 2026July 31, 2025
(In millions)Amortized CostFair ValueAmortized CostFair Value
Type of issue:
Total cash, cash equivalents, restricted cash, and restricted cash equivalents$9,216 $9,216 $9,481 $9,481 
Available-for-sale debt securities:
Corporate notes870 869 502 502 
U.S. agency securities1,776 1,776 1,315 1,316 
Total available-for-sale debt securities2,646 2,645 1,817 1,818 
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments$11,862 $11,861 $11,298 $11,299 
We include realized gains and losses on our available-for-sale debt securities in interest and other income, net in our consolidated statements of operations. Gross realized gains and losses on our available-for-sale debt securities for the twelve months ended July 31, 2026, 2025, and 2024 were not material.
We accumulate unrealized gains and losses on our available-for-sale debt securities, net of tax, in accumulated other comprehensive income or loss in the stockholders’ equity section of our consolidated balance sheets, except for certain unrealized losses described below. Gross unrealized gains and losses on our available-for-sale debt securities as of July 31, 2026 and July 31, 2025 were not material.
For available-for-sale debt securities in an unrealized loss position, we determine whether a credit loss exists. The estimate of the credit loss is determined by considering available information relevant to the collectibility of the security and information about past events, current conditions, and reasonable and supportable forecasts. The allowance for credit loss is recorded to interest and other income, net in our consolidated statements of operations, not to exceed the amount of the unrealized loss. Any excess unrealized loss greater than the allowance for credit loss at a security level is recognized in accumulated other comprehensive income or loss in the stockholders’ equity section of our consolidated balance sheets. We determined there were no credit losses related to available-for-sale debt securities as of July 31, 2026 and July 31, 2025. Unrealized losses on available-for-sale debt securities as of July 31, 2026 were not material. We do not intend to sell these investments. In addition, it is more likely than not that we will not be required to sell them before recovery of the amortized cost basis, which may be at maturity.
The following table summarizes our available-for-sale debt securities, included in investments and relevant portion of funds receivable and amounts held for customers, classified by the stated maturity date of the security at the dates indicated.
July 31, 2026July 31, 2025
(In millions)Amortized CostFair ValueAmortized CostFair Value
Due within one year$2,519 $2,519 $1,694 $1,694 
Due within two years65 65 62 63 
Due within three years62 61 61 61 
Total available-for-sale debt securities$2,646 $2,645 $1,817 $1,818 

The following table summarizes our funds receivable and amounts held for customers by asset category at the dates indicated.
(In millions)July 31, 2026July 31, 2025July 31, 2024July 31, 2023
Restricted cash and restricted cash equivalents$4,511 $6,597 $3,490 $4 
Restricted available-for-sale debt securities150 150 150 200 
Restricted funds receivable377 329 281 216 
Total funds receivable and amounts held for customers$5,038 $7,076 $3,921 $420