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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 17,595 $ 16,164
Accounts receivable, net (Allowance for expected credit losses of $145 and $146, respectively) 4,370 3,199
Prepaid expenses, net 626 587
Other current assets 672 541
Total current assets 23,263 20,491
Property and equipment, net 848 832
Operating lease assets 593 559
Intangible assets, net 1,291 1,382
Goodwill 2,855 2,799
Long-term investments 559 536
Other assets, net 1,275 1,109
Total assets 30,684 27,708
Current liabilities:    
Accounts payable 4,280 3,824
Accrued expenses and other current liabilities 4,208 6,047
Deferred merchant bookings 9,149 4,031
Short-term debt 999 1,745
Total current liabilities 18,636 15,647
Deferred income taxes 36 289
Operating lease liabilities 517 483
Long-term U.S. transition tax liability 0 257
Other long-term liabilities 679 199
Long-term debt 17,473 14,853
Total liabilities 37,341 31,728
Commitments and contingencies (see Note 13)
Stockholders' deficit:    
Common stock, $0.008 par value, Authorized shares: 1,000,000,000 Issued shares: 64,509,961 and 64,276,130, respectively 1 0
Treasury stock: 32,087,882 and 31,329,265 shares, respectively (51,502) (47,877)
Additional paid-in capital 8,028 7,707
Retained earnings 37,119 36,525
Accumulated other comprehensive loss (303) (375)
Total stockholders' deficit (6,657) (4,020)
Total liabilities and stockholders' deficit $ 30,684 $ 27,708