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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

Accounting Policies [Abstract]

Schedule of Error Corrections and Prior Period Adjustments

The following table, recast for the changes summarized above, presents statement of income line items affected by the revisions and reclassifications of previously reported financial statements, detailing amounts previously reported, the impact upon those line items due to reclassifications and amounts as currently revised within the financial statements:

			For the Year Ended December 31, 2023																		For the Year Ended December 31, 2022
			As reported						Reclassification						Recast						As reported						Reclassification						Recast
			(In millions)																		(In millions)
Net service revenues and financial income			$	12,983					$	634					$	13,617					$	9,442					$	243					$	9,685
Net product revenues			1,490						—						1,490						1,095						—						1,095
Net revenues and financial income			14,473						634						15,107						10,537						243						10,780
Cost of net revenues and financial expenses			(7,267)						(250)						(7,517)						(5,374)						(208)						(5,582)
Gross profit			7,206						384						7,590						5,163						35						5,198
Operating expenses:
Product and technology development			(1,831)						—						(1,831)						(1,099)						—						(1,099)
Sales and marketing			(1,736)						—						(1,736)						(1,296)						—						(1,296)
Provision for doubtful accounts			(1,050)						—						(1,050)						(1,073)						—						(1,073)
General and administrative			(766)						—						(766)						(661)						—						(661)
Total operating expenses			(5,383)						—						(5,383)						(4,129)						—						(4,129)
Income from operations			1,823						384						2,207						1,034						35						1,069
Other income (expenses):
Interest income and other financial gains			723						(588)						135						265						(221)						44
Interest expense and other financial losses			(378)						204						(174)						(321)						186						(135)
Foreign currency losses, net			(615)						—						(615)						(198)						—						(198)
Net income before income tax expense and equity in earnings of unconsolidated entity			1,553						—						1,553						780						—						780
Income tax expense			(569)						—						(569)						(298)						—						(298)
Equity in earnings of unconsolidated entity			3						—						3						—						—						—
Net income			$	987					$	—					$	987					$	482					$	—					$	482

Furthermore, the following tables, recast for the changes summarized above, present net revenues per reporting segment (which have been disaggregated by similar products and services), detailing amounts previously reported, the impact upon those line items due to reclassifications and amounts as currently revised within the financial statements for the years ended December 31, 2023 and 2022:

			Year Ended December 31, 2023
As reported			Brazil						Mexico						Argentina						Other countries						Total
			(In millions)
Commerce services			$	3,655					$	1,653					$	1,036					$	410					$	6,754
Commerce products sales			857						326						225						39						1,447
Total commerce revenues			4,512						1,979						1,261						449						8,201
Fintech services			1,910						296						1,292						185						3,683
Credit revenues			1,155						699						684						8						2,546
Fintech products sales			18						11						3						11						43
Total fintech revenues			3,083						1,006						1,979						204						6,272
Total net revenues			$	7,595					$	2,985					$	3,240					$	653					$	14,473

			Year Ended December 31, 2023
Reclassification			Brazil						Mexico						Argentina												Other countries						Total
			(In millions)
Financial services and income			$	226					$	86					$	310											$	12					$	634
Total fintech revenues			226						86						310												12						634
Net revenues and financial income			$	226					$	86					$	310											$	12					$	634

			Year Ended December 31, 2023
Recast			Brazil						Mexico						Argentina						Other countries						Total
			(In millions)
Commerce services			$	3,655					$	1,653					$	1,036					$	410					$	6,754
Commerce products sales			857						326						225						39						1,447
Total commerce revenues			4,512						1,979						1,261						449						8,201
Financial services and income			2,136						382						1,602						197						4,317
Credit revenues			1,155						699						684						8						2,546
Fintech products sales			18						11						3						11						43
Total fintech revenues			3,309						1,092						2,289						216						6,906
Net revenues and financial income			$	7,821					$	3,071					$	3,550					$	665					$	15,107

			Year Ended December 31, 2022
As reported			Brazil						Mexico						Argentina						Other countries						Total
			(In millions)
Commerce services			$	2,585					$	1,036					$	814					$	329					$	4,764
Commerce products sales			487						246						271						40						1,044
Total commerce revenues			3,072						1,282						1,085						369						5,808
Fintech services			1,464						152						904						125						2,645
Credit revenues			1,102						421						506						4						2,033
Fintech products sales			28						9						5						9						51
Total fintech revenues			2,594						582						1,415						138						4,729
Total net revenues			$	5,666					$	1,864					$	2,500					$	507					$	10,537

			Year Ended December 31, 2022
Reclassification			Brazil						Mexico						Argentina												Other countries						Total
			(In millions)
Financial services and income			$	132					$	29					$	75											$	7					$	243
Total fintech revenues			132						29						75												7						243
Net revenues and financial income			$	132					$	29					$	75											$	7					$	243

			Year Ended December 31, 2022
Recast			Brazil						Mexico						Argentina						Other countries						Total
			(In millions)
Commerce services			$	2,585					$	1,036					$	814					$	329					$	4,764
Commerce products sales			487						246						271						40						1,044
Total commerce revenues			3,072						1,282						1,085						369						5,808
Financial services and income			1,596						181						979						132						2,888
Credit revenues			1,102						421						506						4						2,033
Fintech products sales			28						9						5						9						51
Total fintech revenues			2,726						611						1,490						145						4,972
Net revenues and financial income			$	5,798					$	1,893					$	2,575					$	514					$	10,780

Schedule of Assets, Liabilities and Net Assets of Company's Argentine Subsidiaries

The following table sets forth the assets, liabilities and net assets of the Company’s Argentine subsidiaries and consolidated VIEs, before intercompany eliminations, as of December 31, 2024 and December 31, 2023:

			December 31,
			2024						2023
			(In millions)
Assets			$	5,562					$	3,298
Liabilities			4,181						1,878
Net assets			$	1,381					$	1,420

Schedule of Net Revenues and Net Income Before Income Tax of Company's Argentine Subsidiaries

The following table provides information relating to net revenues and financial income and direct contribution (see Note 10 – Segments of these audited consolidated financial statements for definition of direct contribution) for the years ended December 31, 2024, 2023 and 2022 of the Company’s Argentine subsidiaries and consolidated VIEs:

			Year Ended December 31,
			2024						2023						2022
			(In millions)
Net revenues and financial income			$	3,818					$	3,550					$	2,575
Direct contribution			1,675						1,680						1,063

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Assets liabilities and net assets of company's subsidiaries.

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Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-8

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 7
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-7

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147483443/250-10-50-9

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