v3.25.4
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents (Note 3) $ 1,035 $ 1,064
Accounts receivable, net (allowance for expected credit losses of $27 and $25, respectively) (Note 2, Note 3) 209 207
Prepaid expenses and other current assets 47 49
Total current assets 1,291 1,320
Property and equipment, net (Note 4, Note 5) 210 200
Operating lease right-of-use assets (Note 5) 35 17
Intangible assets, net (Note 6) 33 36
Goodwill (Note 6) 844 814
Non-marketable investments (Note 3) 28 30
Deferred income taxes, net (Note 10) 137 101
Other long-term assets, net of allowance for credit losses of $10 and $10, respectively (Note 3) 47 43
TOTAL ASSETS 2,625 2,561
Current liabilities:    
Accounts payable 23 49
Deferred merchant payables (Note 2) 308 255
Deferred revenue (Note 2) 53 47
Current portion of debt (Note 8) 353 5
Income taxes payable (Note 10) 12 23
Accrued expenses and other current liabilities (Note 7) 249 249
Total current liabilities 998 628
Long-term debt (Note 8) 819 831
Finance lease obligation, net of current portion (Note 5) 36 43
Operating lease liabilities, net of current portion (Note 5) 29 11
Deferred income taxes, net (Note 10) 1 1
Other long-term liabilities (Note 9) 97 104
Total Liabilities 1,980 1,618
Commitments and contingencies (Note 11)
Stockholders equity: (Note 14)    
Preferred stock,$0.001 par value Authorized shares: 100,000,000 Shares issued and outstanding: 0 and 0, respectively 0 0
Common stock 0 0
Additional paid-in capital 460 1,605
Retained earnings 316 276
Accumulated other comprehensive income (loss) (41) (91)
Treasury stock-common stock, at cost, 6,105,262 and 26,260,252 shares, respectively (90) (847)
Total Stockholders’ Equity 645 943
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 2,625 2,561
Class B Common Stock    
Stockholders equity: (Note 14)    
Common stock $ 0 $ 0