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CUSTOMER FUNDS (Tables) | 3 Months Ended
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Mar. 31, 2025
Investments, Debt and Equity Securities [Abstract] |
Assets Underlying Customer Funds | The following table presents the assets underlying customer funds (in thousands):
| March 31, 2025 |  | December 31, 2024
Cash | $ | 4,311,673 |  |  | $ | 3,195,253 |
Cash equivalents: |  |  |
Money market funds | 4,645 |  |  | 4,645 |
Reverse repurchase agreement (i) | 932,412 |  |  | 982,974 |
Total customer funds | $ | 5,248,730 |  |  | $ | 4,182,872 |
(i) The Company has accounted for the reverse repurchase agreement with various third parties as an overnight lending arrangement, collateralized by the securities subject to the repurchase agreement. The Company classifies the amounts due from the counterparties as cash equivalents due to their short-term nature.

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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