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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Net revenues and financial income $ 20,777 $ 15,107 [1] $ 10,780 [1]
Cost of net revenues and financial expenses (11,200) (7,517) [1] (5,582) [1]
Gross profit 9,577 7,590 [1] 5,198 [1]
Operating expenses:      
Product and technology development (1,934) (1,831) [1] (1,099) [1]
Sales and marketing (2,191) (1,736) [1] (1,296) [1]
Provision for doubtful accounts (1,858) (1,050) [1] (1,073) [1]
General and administrative (963) (766) [1] (661) [1]
Total operating expenses (6,946) (5,383) [1] (4,129) [1]
Income from operations 2,631 2,207 [1] 1,069 [1]
Other income (expenses):      
Interest income and other financial gains 148 135 [1] 44 [1]
Interest expense and other financial losses (165) (174) [1] (135) [1]
Foreign currency losses, net (182) (615) [1] (198) [1]
Net income before income tax expense and equity in earnings of unconsolidated entity 2,432 1,553 [1] 780 [1]
Income tax expense (521) (569) [1] (298) [1]
Equity in earnings of unconsolidated entity 0 3 [1] 0 [1]
Net income $ 1,911 $ 987 [1] $ 482 [1]
Basic earning per share      
Basic net income available to shareholders per common share (in dollars per share) $ 37.69 $ 19.64 $ 9.57
Weighted average of outstanding common shares (in shares) 50,697,428 50,262,302 50,345,353
Diluted earning per share      
Diluted net income available to shareholders per common share (in dollars per share) $ 37.69 $ 19.46 $ 9.53
Weighted average of outstanding common shares (in shares) 50,697,428 51,006,860 51,335,621
Net service revenues and financial income      
Net revenues and financial income $ 18,638 $ 13,617 [1] $ 9,685 [1]
Net product revenues      
Net revenues and financial income $ 2,139 $ 1,490 [1] $ 1,095 [1]
[1] Recast for consistency with the current presentation due to the change in the presentation of certain financial results. Please refer to Note 2 – Summary of significant accounting policies - Change in the presentation of certain financial results and reclassification of prior years results to our audited consolidated financial statements for further details.