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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING ACTIVITIES:      
Net income $ 5,882 $ 4,289 $ 3,058
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 591 504 451
Provision for expected credit losses and chargebacks 412 330 232
Deferred income tax expense (benefit) 98 (478) (257)
Net (gains) losses on equity securities (63) 131 963
Stock-based compensation expense 599 530 404
Operating lease amortization 160 161 156
Unrealized foreign currency transaction (gains) losses related to Euro-denominated debt (526) 163 (46)
Loss related to the conversion option on convertible senior notes 796 0 0
Gain on sale and leaseback transaction 0 0 (240)
Other 7 5 38
Changes in assets and liabilities:      
Accounts receivable (506) (1,330) (1,228)
Prepaid expenses and other current assets (12) 155 (217)
Deferred merchant bookings and other current liabilities 1,361 2,742 3,718
Other (476) 142 (478)
Net cash provided by operating activities 8,323 7,344 6,554
INVESTING ACTIVITIES:      
Purchase of investments (33) (12) (768)
Proceeds from sale and maturity of investments 590 1,840 32
Additions to property and equipment (429) (345) (368)
Proceeds from sale and leaseback transaction 0 0 601
Other investing activities 1 3 (15)
Net cash provided by (used in) investing activities 129 1,486 (518)
FINANCING ACTIVITIES:      
Proceeds from the issuance of long-term debt 4,836 1,893 3,621
Payments on maturity and conversion of debt (1,312) (500) (1,880)
Payments for repurchase of common stock (6,509) (10,377) (6,621)
Dividends paid (1,174) 0 0
Proceeds from exercise of stock options 14 134 7
Other financing activities (59) (59) (24)
Net cash used in financing activities (4,204) (8,909) (4,897)
Effect of exchange rate changes on cash and cash equivalents and restricted cash and cash equivalents (190) (37) (40)
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents 4,058 (116) 1,099
Total cash and cash equivalents and restricted cash and cash equivalents, beginning of period 12,135 12,251 11,152
Total cash and cash equivalents and restricted cash and cash equivalents, end of period $ 16,193 $ 12,135 $ 12,251