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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

The following tables present information on the reportable segments revenue and segment gross profit (in thousands):

			Three Months Ended March 31, 2024
			Cash App						Square						Corporate and Other (i)						Total
Revenue:
Transaction-based revenue			$	109,220					$	1,401,989					$	—					$	1,511,209
Subscription and services-based revenue			1,332,560						296,218						53,516						1,682,294
Hardware revenue			—						31,830						671						32,501
Bitcoin revenue			2,731,124						—						—						2,731,124
Segment revenue			$	4,172,904					$	1,730,037					$	54,187					$	5,957,128
Segment gross profit (ii)			$	1,258,527					$	820,272					$	15,674					$	2,094,473

			Three Months Ended March 31, 2023
			Cash App						Square						Corporate and Other (i)						Total
Revenue:
Transaction-based revenue			$	134,663					$	1,288,042					$	—					$	1,422,705
Subscription and services-based revenue			1,085,748						229,884						50,592						1,366,224
Hardware revenue			—						37,451						—						37,451
Bitcoin revenue			2,163,751						—						—						2,163,751
Segment revenue			$	3,384,162					$	1,555,377					$	50,592					$	4,990,131
Segment gross profit (ii)			$	1,009,953					$	691,562					$	13,069					$	1,714,584

(i) Corporate and Other represents results related to products and services that are not assigned to a specific reportable segment, and intersegment eliminations.

(ii) Segment gross profit for Cash App for the three months ended March 31, 2024 and March 31, 2023 included $13.7 million and $14.4 million of amortization of acquired technology assets expense, respectively. Segment gross profit for Square for the three months ended March 31, 2024 and March 31, 2023 included $2.5 million and $2.7 million of amortization of acquired technology assets expense, respectively. Amortization of acquired technology assets expense included in Corporate and Other was immaterial for the three months ended March 31, 2024 and March 31, 2023.

Reconciliation of Total Segment Profit to Income before applicable Income Taxes

The following table provides a reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes (in thousands):

			Three Months Ended March 31,
			2024						2023
Total segment gross profit			$	2,094,473					$	1,714,584
Less: Product development			720,574						626,937
Less: Sales and marketing			443,885						496,011
Less: General and administrative			471,260						432,825
Less: Transaction, loan, and consumer receivable losses			165,729						127,896
Less: Amortization of customer and other intangible assets			43,282						37,087
Less: Interest income, net			(18,745)						(3,161)
Less: Other income, net			(237,824)						(77,717)
Income before applicable income taxes			$	506,312					$	74,706

Revenue by Geographic Area

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

			Three Months Ended March 31,
			2024						2023
United States			$	5,566,297					$	4,664,635
International			390,831						325,496
Total			$	5,957,128					$	4,990,131

Long-lived Assets by Geographic Area

The following table details long-lived assets by geography (in thousands):

			March 31, 2024						December 31, 2023
United States			$	7,512,224					$	7,570,973
Australia			4,546,350						4,761,535
Other international			1,869,946						1,889,490
Total			$	13,928,520					$	14,221,998

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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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