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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income (loss) $ 941,828 $ (103,094)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 287,249 303,236
Amortization of discounts and premiums and other non-cash adjustments (824,219) (357,116)
Non-cash lease expense 55,480 114,067
Share-based compensation 955,845 944,514
Loss on revaluation of equity investments 470 16,838
Bitcoin remeasurement (168,576) (83,928)
Transaction, loan, and consumer receivable losses 549,603 485,005
Change in deferred income taxes 5,368 (86,642)
Changes in operating assets and liabilities:    
Settlements receivable 1,577,463 (1,518,471)
Purchases and originations of loans (10,887,619) (5,896,371)
Proceeds from payments and forgiveness of loans 10,419,823 5,575,440
Customers payable (1,319,654) 1,390,888
Settlements payable (8,139) 53,005
Other assets and liabilities 108,628 61,513
Net cash provided by operating activities 1,693,550 898,884
Cash flows from investing activities:    
Purchases of marketable debt securities (1,035,477) (934,904)
Proceeds from maturities of marketable debt securities 790,748 994,740
Proceeds from sale of marketable debt securities 436,912 39,450
Payments for originations of consumer receivables (20,197,450) (16,401,673)
Proceeds from principal repayments and sales of consumer receivables 21,142,547 16,814,089
Purchases of property and equipment (126,954) (99,457)
Purchases of other investments (37,218) (7,277)
Net cash provided by investing activities 973,108 404,968
Cash flows from financing activities:    
Proceeds from issuance of senior notes 2,000,000 0
Payments of debt issuance costs from issuance of senior notes (26,619) 0
Repayments of Paycheck Protection Program Liquidity Facility advances 0 (16,840)
Payments to redeem convertible notes 0 (461,761)
Proceeds from warehouse facilities borrowings 406,359 564,588
Repayments of warehouse facilities borrowings (1,054,091) (967,655)
Proceeds from the exercise of stock options and purchases under the employee stock purchase plan 88,053 70,416
Net increase in interest-bearing deposits 73,687 57,243
Repurchases of common stock (987,179) 0
Other financing activities (18,473) (19,977)
Change in customer funds, restricted from use in the Company's operations 763,355 (266,587)
Net cash provided by (used in) financing activities 1,245,092 (1,040,573)
Effect of foreign exchange rate on cash and cash equivalents 13,600 (28,455)
Net increase in cash, cash equivalents, restricted cash, and customer funds 3,925,350 234,824
Cash, cash equivalents, restricted cash, and customer funds, beginning of the period 9,009,087 8,435,906
Cash, cash equivalents, restricted cash, and customer funds, end of the period 12,934,437 8,670,730
Reconciliation of cash, cash equivalents, restricted cash, and customer funds:    
Cash and cash equivalents 8,299,804 5,112,293
Short-term restricted cash 630,933 572,754
Long-term restricted cash 69,915 71,946
Customer funds cash and cash equivalents 3,933,785 2,913,737
Total $ 12,934,437 $ 8,670,730