v3.26.3
Loans and Merchant Cash Advances (Tables)
 9 Months Ended
Sep. 30, 2026
Receivables [Abstract]  
Schedule of Loans and Merchant Cash Advances
Trade receivables and unbilled revenues, net of allowance for credit losses, were as follows:
September 30, 2026December 31, 2025
(in US $ millions)
Unbilled revenues, net270 229 
Trade receivables, net108 98 
Indirect taxes receivable48 109 
Accrued interest25 39 
Other receivables32 25 
483 500 
Activity in the allowance for credit losses was as follows for the three and nine months ended:
Three months ended September 30,Nine months ended September 30,
2026202520262025
(in US $ millions)
Balance, beginning of the period21 

16 17 16 
Provision for credit losses related to uncollectible receivables13 

7 26 21 
Write-offs(6)

(6)(15)(20)
Balance, end of the period28 

17 28 17 
September 30, 2026December 31, 2025
(in US $ millions)
Loans receivable, gross(1)
2,226 1,621 
Merchant cash advances receivable, gross370 358 
Allowance for credit losses related to uncollectible loans and merchant cash advances receivable
(246)(195)
Loans and merchant cash advances, net2,350 1,784 
(1) Included in the loans receivable gross balance as of September 30, 2026 is $35 million of interest receivable (December 31, 2025 - $24 million).
Schedule of Allowance for Credit Losses
The following table summarizes the activities of the Company’s allowance for credit losses related to uncollectible loans and merchant cash advances receivable for the three and nine months ended September 30, 2026 and 2025:
Three months ended September 30,Nine months ended September 30,
2026202520262025
(in US $ millions)
Allowance, beginning of the period242169195141
Provision for credit losses related to uncollectible loans and merchant cash advances receivable6349217137
Loans and merchant cash advances receivable charged off, net of recoveries(59)(41)(166)(101)
Allowance, end of the period246177246177
Schedule of Delinquency Status
The following table presents the delinquency status of the gross amount of loans and merchant cash advances by year of origination. The delinquency status is determined based on the number of days past the contractual or expected repayment date for which the Company anticipates to receive the amounts outstanding. The "current" category represents balances that are anticipated to be repaid within 29 days of the contractual repayment dates, or are anticipated to be repaid within 29 days of the expected repayment date.
September 30, 2026
Year of origination
202620252024TotalPercent
(in US $ millions)
Current2,251 113 — 2,364 91.1 %
30-89 Days26 12 — 38 1.5 %
90-179 Days19 17 1 37 1.4 %
180+ Days80 68 9 157 6.0 %
Total2,376 210 10 2,596 100.0 %
December 31, 2025
Year of origination
20252024TotalPercent
(in US $ millions)
Current1,803 19 1,822 92.0 %
30-89 Days16 6 22 1.1 %
90-179 Days16 7 23 1.2 %
180+ Days77 35 112 5.7 %
Total1,912 67 1,979 100.0 %