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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities:      
Net income (loss) $ 2,866,497 $ (21,124) $ (553,005)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 376,127 408,560 340,523
Amortization of discounts and premiums and other non-cash adjustments (1,099,024) (984,442) (592,489)
Non-cash lease expense 72,055 144,198 129,811
Share-based compensation 1,272,779 1,276,097 1,071,278
Loss (gain) on revaluation of equity investments (32,245) 16,523 (73,457)
Remeasurement gain on bitcoin investment (420,918) (207,084) 0
Transaction, loan, and consumer receivable losses 794,221 660,663 550,683
Bitcoin impairment losses 0 0 46,571
Change in deferred income taxes (1,665,812) (85,879) (69,593)
Goodwill and intangible asset impairment 133,853 132,313 0
Changes in operating assets and liabilities:      
Settlements receivable 1,947,849 (1,108,529) (1,499,057)
Purchases and originations of loans (15,210,746) (8,586,293) (6,114,847)
Proceeds from payments and forgiveness of loans 14,413,277 8,032,687 6,040,369
Customers payable (1,853,872) 1,256,578 1,060,861
Settlements payable (8,139) (454,036) 207,894
Other assets and liabilities 121,448 (379,271) (369,639)
Net cash provided by operating activities 1,707,350 100,961 175,903
Cash flows from investing activities:      
Purchases of marketable debt securities (1,197,804) (1,126,615) (755,697)
Proceeds from maturities of marketable debt securities 1,005,580 1,387,830 999,569
Proceeds from sale of marketable debt securities 446,076 339,095 449,723
Proceeds from maturities of marketable debt securities from customer funds 0 0 73,000
Proceeds from sale of marketable debt securities from customer funds 0 0 316,576
Payments for originations of consumer receivables (29,318,390) (23,968,787) (18,361,871)
Proceeds from principal repayments and sales of consumer receivables 29,922,371 24,241,651 18,192,470
Purchases of property and equipment (153,947) (151,151) (170,815)
Purchases of other investments (53,934) (38,822) (56,712)
Business combinations, net of cash acquired 0 0 539,453
Net cash provided by investing activities 649,952 683,201 1,225,696
Cash flows from financing activities:      
Proceeds from issuance of senior notes 2,000,000 0 0
Payments of debt issuance costs from issuance of senior notes (26,619) 0 0
Repayments of Paycheck Protection Program Liquidity Facility advances 0 (16,840) (480,694)
Payments to redeem convertible notes 0 (461,761) (1,071,788)
Proceeds from warehouse facilities borrowings 1,255,745 1,387,662 1,620,805
Repayments of warehouse facilities borrowings (1,329,729) (1,118,083) (391,463)
Proceeds from the exercise of stock options and purchases under the employee stock purchase plan 154,779 130,433 81,768
Payments for tax withholding related to vesting of restricted stock units 0 0 (4,735)
Net increase in interest-bearing deposits 74,856 25,135 82,049
Repurchases of common stock (1,170,339) (156,812) 0
Other financing activities (18,473) (19,977) (87,692)
Change in customer funds, restricted from use in the Company's operations 1,012,442 (9,894) 349,330
Net cash provided by (used in) financing activities 1,952,662 (240,137) 97,580
Effect of foreign exchange rate on cash and cash equivalents (88,539) 29,156 (38,363)
Net increase in cash, cash equivalents, restricted cash, and customer funds 4,221,425 573,181 1,460,816
Cash, cash equivalents, restricted cash, and customer funds, beginning of the period 9,009,087 8,435,906 6,975,090
Cash, cash equivalents, restricted cash, and customer funds, end of the period 13,230,512 9,009,087 8,435,906
Reconciliation of cash, cash equivalents, restricted cash, and customer funds:      
Cash and cash equivalents 8,075,247 4,996,465 4,544,202
Short-term restricted cash 902,478 770,380 639,780
Long-term restricted cash 69,915 71,812 71,600
Customer funds cash and cash equivalents 4,182,872 3,170,430 3,180,324
Total $ 13,230,512 $ 9,009,087 $ 8,435,906