XML 16 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENT OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Income Statement [Abstract]        
Net revenues $ 2,820 $ 2,576 $ 8,135 $ 7,704
Cost of net revenues 821 727 2,320 2,162
Gross profit 1,999 1,849 5,815 5,542
Operating expenses:        
Sales and marketing 606 592 1,728 1,710
Product development 423 374 1,206 1,104
General and administrative 282 194 914 673
Provision for transaction losses 106 89 273 266
Amortization of acquired intangible assets 6 5 18 14
Total operating expenses 1,423 1,254 4,139 3,767
Income from operations 576 595 1,676 1,775
Gain (loss) on equity investments and warrant, net (10) 199 (16) (120)
Interest expense (62) (63) (185) (194)
Interest income and other, net 69 66 209 200
Income from continuing operations before income taxes 573 797 1,684 1,661
Income tax benefit (provision) 24 (161) (213) (360)
Income from continuing operations 597 636 1,471 1,301
Income (loss) from discontinued operations, net of income taxes 35 (2) 32 (5)
Net income $ 632 $ 634 $ 1,503 $ 1,296
Income (loss) per share - basic:        
Continuing operations (in usd per share) $ 1.31 $ 1.31 $ 3.19 $ 2.59
Discontinued operations (in usd per share) 0.08 0 0.07 (0.01)
Net income per share - basic (in usd per share) 1.39 1.31 3.26 2.58
Income (loss) per share - diluted:        
Continuing operations (in usd per share) 1.28 1.29 3.13 2.57
Discontinued operations (in usd per share) 0.07 0 0.07 (0.01)
Net income per share - diluted (in usd per share) $ 1.35 $ 1.29 $ 3.20 $ 2.56
Weighted-average shares:        
Basic (in shares) 456 487 461 502
Diluted (in shares) 467 494 471 507