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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue:        
Revenue $ 5,975,801 $ 5,617,493 $ 18,088,492 $ 16,142,581
Cost of revenue:        
Amortization of acquired technology assets 17,186 17,880 52,802 54,780
Total cost of revenue 3,726,116 3,719,044 11,510,854 10,663,447
Gross profit 2,249,685 1,898,449 6,577,638 5,479,134
Operating expenses:        
Product development 710,983 713,788 2,144,720 2,035,397
Sales and marketing 511,755 479,381 1,463,202 1,512,999
General and administrative 475,855 480,885 1,420,683 1,463,003
Transaction, loan, and consumer receivable losses 192,062 177,338 549,603 485,005
Amortization of customer and other acquired intangible assets 36,021 56,965 120,116 130,917
Total operating expenses 1,926,676 1,908,357 5,698,324 5,627,321
Operating income (loss) 323,009 (9,908) 879,314 (148,187)
Interest expense (income), net 13,811 (21,415) (6,805) (28,520)
Other expense (income), net (14,949) 23,912 (193,241) (68,440)
Income (loss) before income tax 324,147 (12,405) 1,079,360 (51,227)
Provision for income taxes 43,011 81,139 137,532 51,867
Net income (loss) 281,136 (93,544) 941,828 (103,094)
Less: Net loss attributable to noncontrolling interests (2,618) (4,806) (9,199) (10,630)
Net income (loss) attributable to common stockholders $ 283,754 $ (88,738) $ 951,027 $ (92,464)
Net income (loss) per share attributable to common stockholders:        
Basic (in USD per share) $ 0.46 $ (0.15) $ 1.54 $ (0.15)
Diluted (in USD per share) $ 0.45 $ (0.15) $ 1.50 $ (0.15)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:        
Basic (in shares) 616,428 611,276 616,830 606,767
Diluted (in shares) 632,760 611,276 635,419 606,767
Transaction-based        
Revenue:        
Revenue $ 1,712,421 $ 1,658,668 $ 4,936,597 $ 4,719,027
Cost of revenue:        
Cost of revenue 1,011,476 984,658 2,884,696 2,755,968
Subscription and services based        
Revenue:        
Revenue 1,797,933 1,492,900 5,268,120 4,320,621
Cost of revenue:        
Cost of revenue 271,286 259,262 832,755 802,577
Hardware        
Revenue:        
Revenue 36,839 42,341 112,300 124,714
Cost of revenue:        
Cost of revenue 62,091 78,338 181,185 211,208
Bitcoin        
Revenue:        
Revenue 2,428,608 2,423,584 7,771,475 6,978,219
Cost of revenue:        
Cost of revenue $ 2,364,077 $ 2,378,906 $ 7,559,416 $ 6,838,914