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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Cash flows from operating activities:            
Net income $ 632   $ 634 $ 1,503 $ 1,296  
Loss (income) from discontinued operations, net of income taxes (35)   2 (32) 5  
Adjustments:            
Provision for transaction losses 106   89 273 266  
Depreciation and amortization       292 245  
Stock-based compensation       448 446  
Deferred income taxes       14 (534)  
Change in fair value of warrants (2)   (145) (2) (120)  
Change in fair value of equity investment in Adevinta       0 156  
Loss on investments and other, net       8 84  
Changes in assets and liabilities, net of acquisition effects       (1,090) (107)  
Net cash provided by continuing operating activities       1,414 1,737  
Net cash used in discontinued operating activities       (38) 0  
Net cash provided by operating activities       1,376 1,737  
Cash flows from investing activities:            
Purchases of property and equipment       (408) (341)  
Purchases of investments       (6,100) (11,472)  
Maturities of investments       8,021 10,421  
Proceeds from sale of shares in Adevinta       0 2,410  
Shareholder distributions from equity investments       227 0  
Acquisitions and other       (96) (67)  
Net cash provided by investing activities       1,644 951  
Cash flows from financing activities:            
Proceeds from issuance of common stock       101 58  
Repurchases of common stock       (1,865) (2,238)  
Payments for taxes related to net share settlements of restricted stock units and awards       (208) (136)  
Payments for dividends (132)   (131) (400) (405)  
Repayment of senior notes       (800) (750)  
Proceeds from issuance of commercial paper       1,575 441  
Repayment of commercial paper       (1,446) 0  
Net funds receivable and payable activity       231 230  
Other       (26) (14)  
Net cash used in financing activities       (2,838) (2,814)  
Effect of exchange rate changes on cash, cash equivalents and restricted cash       45 5  
Net increase (decrease) in cash, cash equivalents and restricted cash       227 (121)  
Cash, cash equivalents and restricted cash at beginning of period   $ 2,372   3,286 2,493 $ 2,493
Cash, cash equivalents and restricted cash at end of period 3,513 3,286 2,372 3,513 2,372 3,286
Cash paid for:            
Interest       169 179  
Income taxes       1,244 640  
Cash and cash equivalents 2,423 2,433 1,589 2,423 1,589 2,433
Customer accounts (including restricted cash of $309 and $185, respectively) 947   679 947 679  
Restricted cash included in other current assets 142 $ 88 102 142 102 $ 88
Restricted cash included in other assets 1   2 1 2  
Cash, cash equivalents and restricted cash $ 3,513   $ 2,372 $ 3,513 $ 2,372