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Condensed Consolidated Statement of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Net revenues $ 3,398 $ 2,760 $ 6,675 $ 5,306
Cost of net revenues 987 773 1,970 1,502
Gross profit 2,411 1,987 4,705 3,804
Operating expenses:        
Sales and marketing 717 608 1,394 1,141
Product development 394 297 768 572
General and administrative 390 392 762 685
Provision for transaction and loan losses 131 118 265 225
Amortization of acquired intangible assets 84 53 168 97
Total operating expenses 1,716 1,468 3,357 2,720
Income from operations 695 519 1,348 1,084
Interest and other, net 38 28 69 31
Gain (loss) on divested businesses 118 (256) 118 (256)
Income before income taxes 851 291 1,535 859
Provision for income taxes (159) (8) (273) (100)
Net income $ 692 $ 283 $ 1,262 $ 759
Net income per share:        
Basic $ 0.54 $ 0.22 $ 0.98 $ 0.59
Diluted $ 0.53 $ 0.22 $ 0.96 $ 0.58
Weighted average shares:        
Basic 1,291 1,297 1,290 1,297
Diluted 1,309 1,315 1,309 1,317