CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2025	Sep. 30, 2024
Operating activities:
Net income	$ 1,089	$ 923
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment, including internal-use software and website development	635	582
Amortization of intangible assets	32	44
Impairment of intangible assets	0	33
Amortization of stock-based compensation	293	365
Deferred income taxes	102	66
Foreign exchange (gain) loss on cash, restricted cash and short-term investments, net	(118)	0
Realized gain on foreign currency forwards, net	(163)	(21)
(Gain) loss on minority equity investments, net	125	(121)
Other, net	36	69
Changes in operating assets and liabilities:
Accounts receivable	(1,289)	(1,007)
Prepaid expenses and other assets	(28)	(19)
Accounts payable, merchant	50	(61)
Accounts payable, other, accrued expenses and other liabilities	234	235
Tax payable/receivable, net	9	109
Deferred merchant bookings	2,569	1,690
Net cash provided by operating activities	3,576	2,887
Investing activities:
Capital expenditures, including internal-use software and website development	(585)	(565)
Purchases of investments	(518)	(405)
Sales and maturities of investments	616	43
Other, net	155	26
Net cash used in investing activities	(332)	(901)
Financing activities:
Proceeds from issuance of long-term debt, net of issuance costs	985	0
Payment of long-term debt	(1,044)	0
Purchases of treasury stock	(1,603)	(1,641)
Payment of dividends to stockholders	(151)	0
Proceeds from exercise of equity awards and employee stock purchase plan	50	77
Other, net	16	(26)
Net cash used in financing activities	(1,747)	(1,590)
Effect of exchange rate changes on cash, cash equivalents and restricted cash and cash equivalents	191	(11)
Net increase in cash, cash equivalents and restricted cash and cash equivalents	1,688	385
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period	5,574	5,661
Cash, cash equivalents and restricted cash and cash equivalents at end of period	7,262	6,046
Supplemental cash flow information
Cash paid for interest	211	197
Income tax payments, net	$ 135	$ 97