XML 62 R49.htm IDEA: XBRL DOCUMENT v3.25.3
SEGMENTS - Summary of Financial Performance of Company's Reporting Segments (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Segment Reporting Information [Line Items]        
Net revenues and financial income $ 7,409 $ 5,312 $ 20,134 $ 14,718
Operating expenses and indirect costs of net revenues and financial expenses (671) (627) (2,033) (1,680)
Income from operations 724 557 2,312 1,811
Other income (expenses):        
Interest income and other financial gains 49 43 130 107
Interest expense and other financial losses (35) (40) (110) (117)
Foreign currency losses, net (102) (40) (274) (132)
Net income before income tax expense 636 520 2,058 1,669
Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 6,476 4,760 17,760 13,307
Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 933 552 2,374 1,411
Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 7,409 5,312 20,134 14,718
Local operating expenses (5,818) (3,984) (15,246) (10,797)
Depreciation and amortization (196) (144) (543) (430)
Total segment costs (6,014) (4,128) (15,789) (11,227)
Direct contribution 1,395 1,184 4,345 3,491
Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 6,476 4,760 17,760 13,307
Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 933 552 2,374 1,411
Brazil | Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 4,009 2,913 10,564 8,270
Local operating expenses (3,439) (2,334) (8,730) (6,310)
Depreciation and amortization (95) (74) (276) (218)
Total segment costs (3,534) (2,408) (9,006) (6,528)
Direct contribution 475 505 1,558 1,742
Brazil | Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 3,374 2,548 9,006 7,353
Brazil | Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 635 365 1,558 917
Mexico | Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 1,651 1,145 4,379 3,317
Local operating expenses (1,279) (914) (3,417) (2,581)
Depreciation and amortization (67) (39) (172) (126)
Total segment costs (1,346) (953) (3,589) (2,707)
Direct contribution 305 192 790 610
Mexico | Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 1,460 1,030 3,878 3,000
Mexico | Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 191 115 501 317
Argentina | Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 1,441 1,033 4,350 2,511
Local operating expenses (848) (557) (2,409) (1,395)
Depreciation and amortization (21) (19) (60) (54)
Total segment costs (869) (576) (2,469) (1,449)
Direct contribution 572 457 1,881 1,062
Argentina | Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 1,371 979 4,130 2,385
Argentina | Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income 70 54 220 126
Other Countries | Operating Segments        
Segment Reporting Information [Line Items]        
Net revenues and financial income 308 221 841 620
Local operating expenses (252) (179) (690) (511)
Depreciation and amortization (13) (12) (35) (32)
Total segment costs (265) (191) (725) (543)
Direct contribution 43 30 116 77
Other Countries | Operating Segments | Service        
Segment Reporting Information [Line Items]        
Net revenues and financial income 271 203 746 569
Other Countries | Operating Segments | Product        
Segment Reporting Information [Line Items]        
Net revenues and financial income $ 37 $ 18 $ 95 $ 51