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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Total revenues $ 23,739 $ 21,365 $ 17,090
Operating expenses:      
Marketing expenses 7,278 6,773 5,993
Sales and other expenses 3,120 2,744 1,986
Personnel, including stock-based compensation of $599, $530, and $404, respectively 3,354 3,294 2,465
General and administrative 1,036 1,555 766
Information technology 771 655 526
Depreciation and amortization 591 504 451
Transformation costs 34 0 0
Other operating expenses 0 5 (199)
Total operating expenses 16,184 15,530 11,988
Operating income 7,555 5,835 5,102
Interest expense (1,295) (897) (391)
Interest and dividend income 1,114 1,020 219
Other income (expense), net (82) (477) (1,007)
Income before income taxes 7,292 5,481 3,923
Income tax expense 1,410 1,192 865
Net income $ 5,882 $ 4,289 $ 3,058
Net income applicable to common stockholders per basic common share (in dollars per share) $ 174.96 $ 118.67 $ 76.70
Weighted-average number of basic common shares outstanding (in shares) 33,622 36,140 39,872
Net income applicable to common stockholders per diluted common share (in dollars per share) $ 172.69 $ 117.40 $ 76.35
Weighted-average number of diluted common shares outstanding (in shares) 34,064 36,530 40,052
Merchant revenues      
Total revenues $ 14,142 $ 10,936 $ 7,193
Agency revenues      
Total revenues 8,524 9,414 9,003
Advertising and other revenues      
Total revenues $ 1,073 $ 1,015 $ 894