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Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers
 3 Months Ended
Oct. 31, 2025
Cash And Cash Equivalents, Investments, And Funds Receivable And Amounts Held For Customers [Abstract]  
Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers
3. Cash and Cash Equivalents, Investments, and Funds Receivable and Amounts Held for Customers
We consider highly liquid investments with maturities of three months or less at the date of purchase to be cash equivalents. In all periods presented, cash equivalents consist primarily of money market funds. Investments consist primarily of investment-grade available-for-sale debt securities. Funds receivable and amounts held for customers represent funds receivable from third-party payment processors for customer transactions, funds in transit to our customers, and funds held on behalf of our customers that are invested in cash and cash equivalents and investment-grade available-for-sale debt securities, restricted for use solely for the purpose of satisfying amounts we owe on behalf of our customers. Our obligations with respect to funds we transmit on behalf of our customers are satisfied when the funds are settled in the customers' accounts. These obligations, including funds in transit to our customers, are reflected in funds payable and amounts due to customers in the accompanying condensed consolidated balance sheets.
Except for direct obligations of the U.S. government, securities issued by agencies of the U.S. government, and money market funds, we diversify our investments in debt securities by limiting our holdings with any individual issuer.
The following table summarizes our cash and cash equivalents, investments, and funds receivable and amounts held for customers by balance sheet classification at the dates indicated.
 October 31, 2025July 31, 2025
(In millions)Amortized
Cost		Fair ValueAmortized
Cost		Fair Value
Classification on condensed consolidated balance sheets:    
Cash and cash equivalents$3,506 $3,506 $2,884 $2,884 
Investments189 190 1,667 1,668 
Funds receivable and amounts held for customers3,917 3,918 7,076 7,076 
Total cash and cash equivalents, investments, and funds receivable and amounts held for customers$7,612 $7,614 $11,627 $11,628 
The following table summarizes our cash and cash equivalents, investments, and relevant portion of funds receivable and amounts held for customers by investment category at the dates indicated. As of October 31, 2025 and July 31, 2025, this excludes $331 million and $329 million, respectively, of funds receivable from third-party payment processors on our condensed consolidated balance sheets included in funds receivable and amounts held for customers that were not measured and recorded at fair value.
 October 31, 2025July 31, 2025
(In millions)Amortized
Cost		Fair ValueAmortized
Cost		Fair Value
Type of issue:    
Total cash, cash equivalents, restricted cash,
and restricted cash equivalents		$6,943 $6,943 $9,481 $9,481 
Available-for-sale debt securities:
Corporate notes333 335 502 502 
U.S. agency securities5 5 1,315 1,316 
Total available-for-sale debt securities338 340 1,817 1,818 
Total cash, cash equivalents, restricted cash, restricted cash equivalents, and investments$7,281 $7,283 $11,298 $11,299 
We use the specific identification method to compute gains and losses on investments. We include realized gains and losses on our available-for-sale debt securities in interest and other income, net in our condensed consolidated statements of operations. Gross realized gains and losses on our available-for-sale debt securities for the three months ended October 31, 2025 and October 31, 2024 were not material.
We accumulate unrealized gains and losses on our available-for-sale debt securities, net of tax, in accumulated other comprehensive income or loss in the stockholders’ equity section of our condensed consolidated balance sheets, except for certain unrealized losses described below. Gross unrealized gains and losses on our available-for-sale debt securities at October 31, 2025 and July 31, 2025 were not material.
For available-for-sale debt securities in an unrealized loss position, we determine whether a credit loss exists. The estimate of the credit loss is determined by considering available information relevant to the collectibility of the security and information about past events, current conditions, and reasonable and supportable forecasts. The allowance for credit loss is recorded to interest and other income, net in our condensed consolidated statements of operations, not to exceed the amount of the unrealized loss. Any excess unrealized loss greater than the allowance for credit loss at a security level is recognized in accumulated other comprehensive income or loss in the stockholders' equity section of our condensed consolidated balance sheets. We determined there were no credit losses related to available-for-sale debt securities as of October 31, 2025. Unrealized losses on available-for-sale debt securities at October 31, 2025 were not material and were primarily due to changes in market interest rates. We do not intend to sell these investments. In addition, it is more likely than not that we will not be required to sell them before recovery of the amortized cost basis, which may be at maturity.
The following table summarizes our available-for-sale debt securities, included in investments and relevant portion of funds receivable and amounts held for customers, classified by the stated maturity date of the security at the dates indicated.
 October 31, 2025July 31, 2025
(In millions)Amortized
Cost		Fair ValueAmortized
Cost		Fair Value
Due within one year$209 $209 $1,694 $1,694 
Due within two years71 72 62 63 
Due within three years58 59 61 61 
Total available-for-sale debt securities$338 $340 $1,817 $1,818 

The following table summarizes our funds receivable and amounts held for customers by asset category at the dates indicated.
(In millions)October 31, 2025July 31,
2025
Restricted cash and restricted cash equivalents$3,437 $6,597 
Restricted available-for-sale debt securities and funds receivable481 479 
Total funds receivable and amounts held for customers$3,918 $7,076 
(In millions)October 31, 2024July 31,
2024
Restricted cash and restricted cash equivalents$5,162 $3,490 
Restricted available-for-sale debt securities and funds receivable444 431 
Total funds receivable and amounts held for customers$5,606 $3,921