v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Jul. 31, 2026
Jul. 31, 2025
Jul. 31, 2024
Cash flows from operating activities:      
Net income $ 4,566 $ 3,869 $ 2,963
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 187 172 159
Amortization of acquired intangible assets 659 637 630
Non-cash operating lease cost 106 75 81
Share-based compensation expense 2,056 1,968 1,940
Provision for expected credit losses 237 134 118
Deferred income taxes 1,279 (435) (554)
Other (248) (7) (26)
Total adjustments 4,276 2,544 2,348
Originations and purchases of notes receivable held for sale 0 0 (96)
Sales and principal repayments of notes receivable held for sale 0 0 98
Changes in operating assets and liabilities:      
Accounts receivable (95) (71) (52)
Income taxes receivable (74) 27 (48)
Prepaid expenses and other assets (221) (283) (30)
Accounts payable 63 73 133
Accrued compensation and related liabilities 202 (64) 257
Deferred revenue 51 142 (49)
Operating lease liabilities (93) (77) (71)
Other liabilities 163 47 (569)
Total changes in operating assets and liabilities (4) (206) (429)
Net cash provided by operating activities 8,838 6,207 4,884
Cash flows from investing activities:      
Purchases of corporate and customer fund investments (3,892) (2,363) (780)
Sales of corporate and customer fund investments 547 320 526
Maturities of corporate and customer fund investments 2,554 864 676
Purchases of property and equipment (175) (84) (191)
Capitalization of internal use software (46) (40) (59)
Acquisitions of businesses, net of cash acquired 0 (184) (83)
Originations and purchases of notes receivable held for investment (6,755) (3,992) (2,538)
Sales of notes receivable originally classified as held for investment 2,210 562 234
Principal repayments of notes receivable held for investment 4,253 2,706 2,068
Other (108) (107) (80)
Net cash used in investing activities (1,412) (2,318) (227)
Cash flows from financing activities:      
Proceeds from issuance of long-term debt, net of discount and issuance costs 1,736 0 3,956
Repayments of debt 0 (500) (4,200)
Proceeds from borrowings under unsecured revolving credit facility 0 0 100
Repayments on borrowings under unsecured revolving credit facility 0 0 (100)
Proceeds from borrowings under secured revolving credit facilities 186 429 180
Repayments on borrowings under secured revolving credit facilities (230) 0 (25)
Proceeds from issuance of stock under employee stock plans 180 398 282
Payments for employee taxes withheld upon vesting of restricted stock units (709) (982) (1,002)
Cash paid for purchases of treasury stock (5,412) (2,772) (1,988)
Dividends and dividend rights paid (1,347) (1,189) (1,034)
Net change in funds receivable and funds payable and amounts due to customers (2,086) 3,107 3,436
Other (7) (1) (2)
Net cash used in financing activities (7,689) (1,510) (397)
Effect of exchange rates on cash, cash equivalents, restricted cash, and restricted cash equivalents (2) 3 (13)
Net increase (decrease) in cash, cash equivalents, restricted cash, and restricted cash equivalents (265) 2,382 4,247
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 9,481 7,099 2,852
Cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 9,216 9,481 7,099
Reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents reported within the consolidated balance sheets to the total amounts reported on the consolidated statements of cash flows      
Cash and cash equivalents 4,705 2,884 3,609
Restricted cash and restricted cash equivalents included in funds receivable and amounts held for customers 4,511 6,597 3,490
Total cash, cash equivalents, restricted cash, and restricted cash equivalents at end of period 9,216 9,481 7,099
Supplemental disclosure of cash flow information:      
Interest paid 295 284 200
Supplemental schedule of non-cash investing and financing activities:      
Transfers of notes receivable originated or purchased as held for investment to held for sale 2,348 546 231
Retirement of treasury stock $ 27,006 $ 0 $ 0