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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2021

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

Information on the reportable segments revenue and segment gross profit are as follows (in thousands):

			Three Months Ended September 30, 2021																								Nine Months Ended September 30, 2021
			Cash App						Seller						Corporate and Other (i)						Total						Cash App						Seller						Corporate and Other (i)						Total
Revenue
Transaction-based revenue			$	103,192					$	1,193,848					$	—					$	1,297,040					$	306,101					$	3,178,144					$	—					$	3,484,245
Subscription and services-based revenue			474,779						162,341						57,650						694,770						1,406,313						434,673						96,643						1,937,629
Hardware revenue			—						37,255						—						37,255						—						109,769						—						109,769
Bitcoin revenue			1,815,662						—						—						1,815,662						8,051,026						—						—						8,051,026
Segment revenue			$	2,393,633					$	1,393,444					$	57,650					$	3,844,727					$	9,763,440					$	3,722,586					$	96,643					$	13,582,669
Segment gross profit			$	511,717					$	606,225					$	15,273					$	1,133,215					$	1,553,255					$	1,659,378					$	25,147					$	3,237,780

			Three Months Ended September 30, 2020																								Nine Months Ended September 30, 2020
			Cash App						Seller						Corporate and Other (i)						Total						Cash App						Seller						Corporate and Other (i)						Total
Revenue
Transaction-based revenue			$	80,721					$	844,573					$	—					$	925,294					$	162,197					$	2,203,770					$	—					$	2,365,967
Subscription and services-based revenue			354,110						93,412						—						447,522						818,991						271,041						—						1,090,032
Hardware revenue			—						27,294						—						27,294						—						67,291						—						67,291
Bitcoin revenue			1,633,764						—						—						1,633,764						2,815,318						—						—						2,815,318
Segment revenue			$	2,068,595					$	965,279					$	—					$	3,033,874					$	3,796,506					$	2,542,102					$	—					$	6,338,608
Segment gross profit			$	385,124					$	409,331					$	—					$	794,455					$	848,919					$	1,080,800					$	—					$	1,929,719

(i) Corporate and other represents results related to products and services that are not assigned to a specific reportable segment. Comparable prior period amounts have not been disclosed as they were not material.

Reconciliation of Total Segment Profit to Income before applicable Income Taxes

A reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes is as follows (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
Total segment gross profit			$	1,133,215					$	794,455					$	3,237,780					$	1,929,719
Less: Product development			366,587						227,550						1,003,238						631,156
Less: Sales and marketing			407,850						348,463						1,132,411						781,094
Less: General and administrative			267,476						153,902						684,405						419,783
Less: Transaction and loan losses			62,306						15,198						130,874						161,684
Less: Bitcoin impairment losses			6,000						—						71,126						—
Less: Interest expense, net			13,409						14,980						20,126						38,955
Less: Other expense (income), net			12,011						(784)						(36,249)						(20,513)
Income (loss) before applicable income taxes			$	(2,424)					$	35,146					$	231,849					$	(82,440)

Revenue by Geographic Area

Revenue by geography is based on the addresses of the sellers or customers. The following table sets forth revenue by geographic area (in thousands):

			Three Months Ended September 30,												Nine Months Ended September 30,
			2021						2020						2021						2020
Revenue
United States			$	3,679,609					$	2,947,400					$	13,179,547					$	6,126,971
International			165,118						86,474						403,122						211,637
Total net revenue			$	3,844,727					$	3,033,874					$	13,582,669					$	6,338,608

Long-lived Assets by Geographic Area

The following table sets forth long-lived assets by geographic area (in thousands):

			September 30, 2021						December 31, 2020
Long-lived assets
United States			$	1,420,358					$	1,086,379
International			91,416						58,342
Total long-lived assets			$	1,511,774					$	1,144,721

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