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FAIR VALUE MEASUREMENT OF ASSETS AND LIABILITIES (Tables) | 9 Months Ended
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Sep. 30, 2025
Fair Value Disclosures [Abstract] |
Summary of Assets and Liabilities Measured at Fair Value | The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024:
| Balances as of September 30, 2025 |  | Quoted Prices in active markets for identical Assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Unobservable inputs (Level 3) |  | Balances as of December 31, 2024 |  | Quoted Prices in active markets for identical Assets (Level 1) |  | Significant other observable inputs (Level 2) |  | Unobservable inputs (Level 3)
| (In millions)
Cash and Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money Market | $ | 684 |  |  | $ | 684 |  |  | $ | — |  |  | $ | — |  |  | $ | 572 |  |  | $ | 572 |  |  | $ | — |  |  | $ | — |
Foreign government debt securities (1) | — |  |  | — |  |  | — |  |  | — |  |  | 4 |  |  | 4 |  |  | — |  |  | — |
Restricted Cash and Cash Equivalents: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Money Market (2) | 355 |  |  | 355 |  |  | — |  |  | — |  |  | 297 |  |  | 297 |  |  | — |  |  | — |
Foreign government debt securities (1) | 4 |  |  | 4 |  |  | — |  |  | — |  |  | 469 |  |  | 469 |  |  | — |  |  | — |
Investments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. government debt securities (1) | 1,502 |  |  | 1,502 |  |  | — |  |  | — |  |  | 1,087 |  |  | 1,087 |  |  | — |  |  | — |
Foreign government debt securities (1) (3) | 2,868 |  |  | 2,868 |  |  | — |  |  | — |  |  | 4,114 |  |  | 4,114 |  |  | — |  |  | — |
Corporate debt securities | 293 |  |  | 293 |  |  | — |  |  | — |  |  | 262 |  |  | 262 |  |  | — |  |  | — |
Other Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative Instruments | 39 |  |  | — |  |  | 39 |  |  | — |  |  | 58 |  |  | — |  |  | 58 |  |  | — |
Intangible assets at fair value | 78 |  |  | 78 |  |  | — |  |  | — |  |  | 49 |  |  | 49 |  |  | — |  |  | — |
Total Assets | $ | 5,823 |  |  | $ | 5,784 |  |  | $ | 39 |  |  | $ | — |  |  | $ | 6,912 |  |  | $ | 6,854 |  |  | $ | 58 |  |  | $ | — |
Salaries and social security payable: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term retention program | $ | 151 |  |  | $ | — |  |  | $ | 151 |  |  | $ | — |  |  | $ | 163 |  |  | $ | — |  |  | $ | 163 |  |  | $ | — |
Other Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Meli Dólar liability (1) | 60 |  |  | — |  |  | 60 |  |  | — |  |  | 31 |  |  | — |  |  | 31 |  |  | — |
Derivative Instruments | 129 |  |  | — |  |  | 129 |  |  | — |  |  | 31 |  |  | — |  |  | 31 |  |  | — |
Contingent consideration | 4 |  |  | — |  |  | — |  |  | 4 |  |  | 4 |  |  | — |  |  | — |  |  | 4 |
Total Liabilities | $ | 344 |  |  | $ | — |  |  | $ | 340 |  |  | $ | 4 |  |  | $ | 229 |  |  | $ | — |  |  | $ | 225 |  |  | $ | 4 |
(1) Measured at fair value with impact on the statement of income for the application of the fair value option. (See Note 2 – Summary of significant accounting policies – Fair value option applied to certain financial instruments). (2) As of September 30, 2025 and December 31, 2024, includes $289 million and $283 million, respectively, of money market funds from securitization transactions. (See Note 4 – Cash, cash equivalents, restricted cash and cash equivalents and investments). (3) As of September 30, 2025 and December 31, 2024, includes $8 million and $12 million, respectively, of investments from securitization transactions. (See Note 4 – Cash, cash equivalents, restricted cash and cash equivalents and investments).
Summary of Debt Securities Classified as Available for Sale | The following table summarizes the net carrying amount of the corporate debt securities classified as available for sale, classified by its contractual maturities:
| September 30, 2025 |  | December 31, 2024
| (In millions)
One year or less | $ | 65 |  |  | $ | 87 |
One year to two years | 46 |  |  | 45 |
Two years to three years | 76 |  |  | 21 |
Three years to four years | 85 |  |  | 63 |
Four years to five years | 21 |  |  | 46 |
Total available for sale investments | $ | 293 |  |  | $ | 262 |
Summary of Debt Securities Classified as Held to Maturity | The following table summarizes the net carrying amount of the debt securities not classified as available for sale (U.S. and foreign government debt securities), classified by its contractual maturities or Management’s expectation to convert the investments into cash:
| September 30, 2025 |  | December 31, 2024
| (In millions)
One year or less | $ | 3,338 |  |  | $ | 4,711 |
One year to two years | 361 |  |  | 475 |
Two years to three years | 115 |  |  | 152 |
Three years to four years | 377 |  |  | 231 |
Four years to five years | 85 |  |  | 104 |
More than five years | 98 |  |  | 1 |
Total debt securities not classified as available for sale | $ | 4,374 |  |  | $ | 5,674 |
Summary of Estimated Fair Value Level of Financial Assets and Liabilities | The following table summarizes the estimated fair value of the financial assets and liabilities of the Company not measured at fair value as of September 30, 2025 and December 31, 2024:
| Balances as of September 30, 2025 |  | Estimated fair value as of September 30, 2025 |  | Balances as of December 31, 2024 |  | Estimated fair value as of December 31, 2024
| (In millions)
Cash and cash equivalents | $ | 1,898 |  |  | $ | 1,898 |  |  | $ | 2,059 |  |  | $ | 2,059 |
Restricted cash and cash equivalents | 6,258 |  |  | 6,258 |  |  | 1,298 |  |  | 1,298 |
Investments | 316 |  |  | 316 |  |  | 160 |  |  | 160 |
Accounts receivables, net | 298 |  |  | 298 |  |  | 255 |  |  | 255 |
Credit card receivables and other means of payment, net | 6,648 |  |  | 6,648 |  |  | 5,288 |  |  | 5,288 |
Loans receivable, net | 8,192 |  |  | 8,054 |  |  | 4,895 |  |  | 4,840 |
Other assets | 201 |  |  | 201 |  |  | 114 |  |  | 114 |
Total Assets | $ | 23,811 |  |  | $ | 23,673 |  |  | $ | 14,069 |  |  | $ | 14,014 |
Accounts payable and accrued expenses | $ | 4,053 |  |  | $ | 4,053 |  |  | $ | 3,196 |  |  | $ | 3,196 |
Funds payable to customers | 10,567 |  |  | 10,567 |  |  | 6,954 |  |  | 6,954 |
Amounts payable due to credit and debit card transactions | 3,059 |  |  | 3,059 |  |  | 1,964 |  |  | 1,964 |
Salaries and social security payable | 689 |  |  | 689 |  |  | 564 |  |  | 564 |
Loans payable and other financial liabilities | 7,728 |  |  | 7,687 |  |  | 5,593 |  |  | 5,499 |
Other liabilities | 4 |  |  | 4 |  |  | 356 |  |  | 356 |
Total Liabilities | $ | 26,100 |  |  | $ | 26,059 |  |  | $ | 18,627 |  |  | $ | 18,533 |

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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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