v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,848 $ 1,545
Marketable securities 3,895 4,233
Trade and other receivables, net 449 500
Loans and merchant cash advances, net 2,097 1,784
Other current assets 206 234
Total current assets 8,495 8,296
Long-term assets    
Property and equipment, net 54 53
Operating lease right-of-use assets, net 84 88
Intangible assets, net 28 30
Deferred tax assets 117 33
Other long-term assets 30 39
Long-term investments 708 975
Equity and other investments ($2,563 and $3,619, carried at fair value) 3,533 4,582
Equity method investment 581 602
Goodwill 491 491
Total long term assets 5,626 6,893
Total assets 14,121 15,189
Current liabilities    
Accounts payable and accrued liabilities 1,034 1,075
Deferred revenue 321 300
Operating lease liabilities 16 17
Total current liabilities 1,371 1,392
Long-term liabilities    
Deferred revenue 86 98
Operating lease liabilities 163 171
Deferred tax liabilities 0 55
Total long term liabilities 249 324
Contingencies (Note 8)
Equity, Attributable to Parent [Abstract]    
Common stock, unlimited Class A subordinate voting shares authorized, 1,222,705,445 and 1,225,830,706, issued and outstanding; unlimited Class B restricted voting shares authorized, 78,073,584 and 78,073,594 issued and outstanding; 1 Founder share authorized, 1 and 1 issued and outstanding 9,971 10,376
Additional paid-in capital 255 236
Accumulated other comprehensive (loss) income (4) 1
Accumulated surplus 2,279 2,860
Total shareholders’ equity 12,501 13,473
Total liabilities and shareholders’ equity $ 14,121 $ 15,189