v3.25.4
INVESTMENTS AND FAIR VALUE MEASUREMENT - Schedule of Financial Asset and Liabilities Measured At Fair Value On a Recurring Basis (Details) - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Assets    
Deposits with clearing organizations $ 702 $ 489
Fair Value, Recurring    
Assets    
Total financial assets 4,813 4,904
Liabilities    
Total financial liabilities 3,782 2,530
Fair Value, Recurring | U.S. Treasury securities    
Assets    
Cash, cash equivalents, and securities segregated under federal and other regulations: 311 1,193
Deposits with clearing organizations 1  
Other current assets: 200  
Fair Value, Recurring | Foreign Treasury Securities    
Assets    
Cash, cash equivalents, and securities segregated under federal and other regulations: 53  
Fair Value, Recurring | Stablecoin    
Assets    
Other current assets: 152 361
Fair Value, Recurring | Equity securities - securities owned    
Assets    
Other current assets: 28 15
Fair Value, Recurring | Non-Marketable Securities    
Assets    
Other current assets: 232  
Fair Value, Recurring | Money market funds - escrow account    
Assets    
Other current assets: 2 2
Fair Value, Recurring | User-held fractional shares    
Assets    
Other current assets: 3,782 2,530
Fair Value, Recurring | Fractional shares repurchase obligations    
Liabilities    
Fractional shares repurchase obligations 3,782 2,530
Fair Value, Recurring | Event Contracts    
Assets    
Deposits with clearing organizations 1  
Fair Value, Recurring | Time deposits    
Assets    
Cash equivalents   750
Fair Value, Recurring | Money market funds    
Assets    
Cash equivalents 52 53
Fair Value, Recurring | Level 1    
Assets    
Total financial assets 4,581 4,154
Liabilities    
Total financial liabilities 3,782 2,530
Fair Value, Recurring | Level 1 | U.S. Treasury securities    
Assets    
Cash, cash equivalents, and securities segregated under federal and other regulations: 311 1,193
Deposits with clearing organizations 1  
Other current assets: 200  
Fair Value, Recurring | Level 1 | Foreign Treasury Securities    
Assets    
Cash, cash equivalents, and securities segregated under federal and other regulations: 53  
Fair Value, Recurring | Level 1 | Stablecoin    
Assets    
Other current assets: 152 361
Fair Value, Recurring | Level 1 | Equity securities - securities owned    
Assets    
Other current assets: 28 15
Fair Value, Recurring | Level 1 | Non-Marketable Securities    
Assets    
Other current assets: 0  
Fair Value, Recurring | Level 1 | Money market funds - escrow account    
Assets    
Other current assets: 2 2
Fair Value, Recurring | Level 1 | User-held fractional shares    
Assets    
Other current assets: 3,782 2,530
Fair Value, Recurring | Level 1 | Fractional shares repurchase obligations    
Liabilities    
Fractional shares repurchase obligations 3,782 2,530
Fair Value, Recurring | Level 1 | Time deposits    
Assets    
Cash equivalents   0
Fair Value, Recurring | Level 1 | Money market funds    
Assets    
Cash equivalents 52 53
Fair Value, Recurring | Level 2    
Assets    
Total financial assets 0 750
Liabilities    
Total financial liabilities 0 0
Fair Value, Recurring | Level 2 | U.S. Treasury securities    
Assets    
Cash, cash equivalents, and securities segregated under federal and other regulations: 0 0
Deposits with clearing organizations 0  
Other current assets: 0  
Fair Value, Recurring | Level 2 | Foreign Treasury Securities    
Assets    
Cash, cash equivalents, and securities segregated under federal and other regulations: 0  
Fair Value, Recurring | Level 2 | Stablecoin    
Assets    
Other current assets: 0 0
Fair Value, Recurring | Level 2 | Equity securities - securities owned    
Assets    
Other current assets: 0 0
Fair Value, Recurring | Level 2 | Non-Marketable Securities    
Assets    
Other current assets: 0  
Fair Value, Recurring | Level 2 | Money market funds - escrow account    
Assets    
Other current assets: 0 0
Fair Value, Recurring | Level 2 | User-held fractional shares    
Assets    
Other current assets: 0 0
Fair Value, Recurring | Level 2 | Fractional shares repurchase obligations    
Liabilities    
Fractional shares repurchase obligations 0 0
Fair Value, Recurring | Level 2 | Time deposits    
Assets    
Cash equivalents   750
Fair Value, Recurring | Level 2 | Money market funds    
Assets    
Cash equivalents 0 0
Fair Value, Recurring | Level 3    
Assets    
Total financial assets 232 0
Liabilities    
Total financial liabilities 0 0
Fair Value, Recurring | Level 3 | U.S. Treasury securities    
Assets    
Cash, cash equivalents, and securities segregated under federal and other regulations: 0 0
Deposits with clearing organizations 0  
Other current assets: 0  
Fair Value, Recurring | Level 3 | Foreign Treasury Securities    
Assets    
Cash, cash equivalents, and securities segregated under federal and other regulations: 0  
Fair Value, Recurring | Level 3 | Stablecoin    
Assets    
Other current assets: 0 0
Fair Value, Recurring | Level 3 | Equity securities - securities owned    
Assets    
Other current assets: 0 0
Fair Value, Recurring | Level 3 | Non-Marketable Securities    
Assets    
Other current assets: 232  
Fair Value, Recurring | Level 3 | Money market funds - escrow account    
Assets    
Other current assets: 0 0
Fair Value, Recurring | Level 3 | User-held fractional shares    
Assets    
Other current assets: 0 0
Fair Value, Recurring | Level 3 | Fractional shares repurchase obligations    
Liabilities    
Fractional shares repurchase obligations 0 0
Fair Value, Recurring | Level 3 | Time deposits    
Assets    
Cash equivalents   0
Fair Value, Recurring | Level 3 | Money market funds    
Assets    
Cash equivalents $ 0 $ 0