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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue:      
Revenue $ 24,121,053 $ 21,915,623 $ 17,531,587
Cost of revenue:      
Amortization of acquired technology assets 68,364 72,829 70,194
Total cost of revenue 15,232,017 14,410,737 11,539,695
Gross profit 8,889,036 7,504,886 5,991,892
Operating expenses:      
Product development 2,914,415 2,720,819 2,135,612
Sales and marketing 1,984,265 2,019,009 2,057,951
General and administrative 2,149,099 2,209,190 1,686,849
Transaction, loan, and consumer receivable losses 794,221 660,663 550,683
Bitcoin impairment losses 0 0 46,571
Amortization of customer and other acquired intangible assets 154,709 174,044 138,758
Total operating expenses 7,996,709 7,783,725 6,616,424
Operating income (loss) 892,327 (278,839) (624,532)
Interest expense (income), net 9,302 (47,221) 36,228
Remeasurement gain on bitcoin investment (420,918) (207,084) 0
Other expense (income), net (53,211) 4,609 (95,443)
Income (loss) before income tax 1,357,154 (29,143) (565,317)
Benefit for income taxes [1] (1,509,343) (8,019) (12,312)
Net income (loss) 2,866,497 (21,124) (553,005)
Net Income (Loss) Attributable to Noncontrolling Interest (30,550) (30,896) (12,258)
Net income (loss) attributable to common stockholders $ 2,897,047 $ 9,772 $ (540,747)
Net income (loss) per share attributable to common stockholders:      
Basic (in USD per share) $ 4.70 $ 0.02 $ (0.93)
Diluted (in USD per share) $ 4.56 $ 0.02 $ (0.93)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:      
Basic (in shares) 616,993 608,856 578,949
Diluted (in shares) 636,390 614,024 578,949
Transaction-based revenue      
Revenue:      
Revenue $ 6,613,680 $ 6,315,301 $ 5,701,540
Cost of revenue:      
Cost of revenue 3,881,013 3,702,016 3,364,028
Subscription and services-based revenue      
Revenue:      
Revenue 7,164,799 5,944,842 4,552,773
Cost of revenue:      
Cost of revenue 1,135,813 1,075,129 861,745
Hardware revenue      
Revenue:      
Revenue 143,369 157,178 164,418
Cost of revenue:      
Cost of revenue 236,441 267,650 286,995
Bitcoin revenue      
Revenue:      
Revenue 10,199,205 9,498,302 7,112,856
Cost of revenue:      
Cost of revenue $ 9,910,386 $ 9,293,113 $ 6,956,733
[1] Includes one-time benefits from income taxes of $1.9 billion in fiscal 2024 related to both the release of the Company's valuation allowance associated with certain federal and state deferred tax assets as well as the recognition of deferred tax assets as part of internal legal entity restructuring efforts. Refer to Note 15, Income Taxes within the Notes to the Consolidated Financial Statements for further details.