Supplemental Consolidated Financial Information

9 Months Ended

Sep. 30, 2025

Supplemental Consolidated Financial Information

Contract Balances

Timing of revenue recognition may differ from the timing of invoicing to customers. Accounts receivable represents amounts invoiced and revenue recognized prior to invoicing when we have satisfied our performance obligation and have the unconditional right to payment. The allowance for doubtful accounts and authorized credits is estimated based upon our assessment of various factors including historical experience, the age of the accounts receivable balances, current economic conditions reasonable and supportable forecasts, and other factors that may affect our customers’ ability to pay.

The following table presents allowance for doubtful accounts and authorized credits activity for the period indicated (in millions):


	December 31, 2024		Charged/Credited to Net Income		Charges Utilized/Write-offs		September 30, 2025
Allowance for doubtful accounts	$	13	$	13	$	(17)	$	9
Allowance for authorized credits	$	24	$	3	$	—	$	27

Deferred revenue consists of fees received related to unsatisfied performance obligations at the end of the period. Due to the generally short-term duration of contracts, the majority of the performance obligations are satisfied in the following reporting period. The amount of revenue recognized for the nine months ended September 30, 2025 that was included in the deferred revenue balance at the beginning of the period was $28 million. The amount of revenue recognized for the nine months ended September 30, 2024 that was included in the deferred revenue balance at the beginning of the period was $31 million.

Customer accounts and funds receivable


	September 30, 2025		December 31, 2024
	(In millions)
Customer accounts	$	947	$	763
Funds receivable	315		199
Customer accounts and funds receivable	$	1,262	$	962

Other current assets


	September 30, 2025		December 31, 2024
	(In millions)
Restricted cash	$	142	$	88
Income and other tax receivable	140		115
Prepaid expenses	124		136
Accounts receivable, net	122		108
Short-term derivative assets	20		68
Other	205		200
Other current assets	$	753	$	715

Accrued expenses and other current liabilities


	September 30, 2025		December 31, 2024
	(In millions)
Accrued compensation and related benefits	$	581	$	498
Accrued indirect tax expense	494		515
Accrued marketing expenses	258		222
Operating lease liabilities	118		118
Transaction loss reserve	84		118
Accrued general and administrative expenses	83		68
Accrued interest expense	69		45
Deferred revenue	41		32
Other current tax liabilities	—		173

Other	509		395
Accrued expenses and other current liabilities	$	2,237	$	2,184

Gain (loss) on equity investments and warrant, net


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(In millions)
Unrealized change in fair value of equity investment in Adevinta	$	—	$	—	$	—	$	(234)
Realized change in fair value of shares sold in Adevinta	—		—		—		78

Unrealized change in fair value of equity investment in Gmarket	—		16		—		(12)
Change in fair value of warrants	2		145		2		120
Change in fair value of Aurelia option	—		35		—		(74)



Gain (loss) on other investments	(12)		3		(18)		2
Total gain (loss) on equity investments and warrant, net	$	(10)	$	199	$	(16)	$	(120)

Interest income and other, net


	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
	(In millions)
Interest income	$	65	$	72	$	206	$	196
Foreign exchange and other	4		(6)		3		4
Total interest income and other, net	$	69	$	66	$	209	$	200