v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net loss for the period $ (581) $ (682)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization and depreciation 7 8
Stock-based compensation 132 114
Provision for transaction and loan losses 48 43
Deferred income tax recovery (139) (129)
Revenue related to non-cash consideration (12) (13)
Net loss on equity and other investments 1,061 1,021
Net loss on equity method investment 21 23
Unrealized foreign exchange loss (gain) 14 (12)
Changes in operating assets and liabilities (70) (6)
Net cash provided by operating activities 481 367
Cash flows from investing activities    
Purchases of property and equipment (5) (4)
Purchases of marketable securities (843) (1,718)
Maturities of marketable securities 1,463 1,331
Purchases and originations of loans (1,349) (805)
Repayments and sales of loans 1,043 637
Purchases of equity and other investments (1) (4)
Acquisition of businesses, net of cash acquired 0 (56)
Other 2 0
Net cash provided by (used in) investing activities 310 (619)
Cash flows from financing activities    
Proceeds from the exercise of stock options 6 59
Repurchases of common stock (491) 0
Net cash (used in) provided by financing activities (485) 59
Effect of foreign exchange on cash, cash equivalents and restricted cash (3) 4
Net increase (decrease) in cash, cash equivalents and restricted cash 303 (189)
Cash, cash equivalents and restricted cash – beginning of period 1,545 1,498
Cash, cash equivalents and restricted cash – end of period 1,848 1,309
Supplemental cash flow information:    
Cash paid for income taxes, net $ 93 $ 27