v3.25.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net income $ 154 $ 264
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 25 14
Stock-based compensation expense 358 295
Other, net 71 4
Changes in operating assets and liabilities:    
Prepaids and other assets (79) 13
Accrued expenses and other liabilities 155 325
Unearned fees 1,105 1,008
Net cash provided by operating activities 1,789 1,923
Cash flows from investing activities:    
Purchases of short-term investments (766) (826)
Sales and maturities of short-term investments 623 756
Other investing activities, net (8) (14)
Net cash used in investing activities (151) (84)
Cash flows from financing activities:    
Taxes paid related to net share settlement of equity awards (152) (155)
Proceeds from exercise of equity awards 30 46
Repurchases of common stock (807) (750)
Change in funds payable and amounts payable to customers 3,074 2,993
Net cash provided by financing activities 2,145 2,134
Effect of exchange rate changes on cash, cash equivalents, and restricted cash 207 (111)
Net increase in cash, cash equivalents, and restricted cash 3,990 3,862
Cash, cash equivalents, and restricted cash, beginning of period 12,760 12,667
Cash, cash equivalents, and restricted cash, end of period $ 16,750 $ 16,529