v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income $ 160,000 $ 154,000
Adjustments to reconcile net income to cash provided by operating activities:    
Stock-based compensation expense 410,000 358,000
Deferred income taxes 147,000 1,000
Other, net 34,000 95,000
Changes in operating assets and liabilities:    
Prepaids and other assets (210,000) (79,000)
Accrued expenses and other liabilities 179,000 155,000
Unearned fees 988,000 1,105,000
Net cash provided by operating activities 1,708,000 1,789,000
Cash flows from investing activities:    
Purchases of short-term investments (1,375,000) (766,000)
Sales and maturities of short-term investments 849,000 623,000
Other investing activities, net 65,000 (8,000)
Net cash used in investing activities (461,000) (151,000)
Cash flows from financing activities:    
Change in funds payable and amounts payable to customers 3,707,000 3,074,000
Proceeds from issuance of long-term debt, net of issuance costs 2,483,000 0
Principal repayment of long-term debt (2,000,000) 0
Share repurchases (1,088,000) (807,000)
Taxes paid related to tax on equity awards (140,000) (152,000)
Proceeds from exercise of equity awards 8,000 30,000
Net cash provided by financing activities 2,970,000 2,145,000
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (118,000) 207,000
Net increase in cash, cash equivalents, and restricted cash 4,099,000 3,990,000
Cash, cash equivalents, and restricted cash, beginning of period 13,486,000 12,760,000
Cash, cash equivalents, and restricted cash, end of period $ 17,585,000 $ 16,750,000