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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

The following tables present information on the reportable segments revenue and segment gross profit, as well as amounts for the "Corporate and Other" category, which includes products and services not assigned to reportable segments and intersegment eliminations (in thousands):

			Three Months Ended March 31, 2025
			Cash App						Square						Corporate and Other						Total
Revenue:
Transaction-based revenue			$	66,238					$	1,484,493					$	—					$	1,550,731
Subscription and services-based revenue			1,511,374						339,150						40,449						1,890,973
Hardware revenue			—						28,518						172						28,690
Bitcoin revenue			2,301,402						—						—						2,301,402
Segment revenue			$	3,879,014					$	1,852,161					$	40,621					$	5,771,796
Less: Cost of revenue			2,499,063						954,262						28,868						3,482,193
Segment gross profit			$	1,379,951					$	897,899					$	11,753					$	2,289,603
Interest revenue			$	49,238					$	7,937					$	—					$	57,175
Amortization of acquired technology assets			$	13,166					$	1,508					$	—					$	14,674

			Three Months Ended March 31, 2024
			Cash App						Square						Corporate and Other						Total
Revenue:
Transaction-based revenue			$	109,220					$	1,401,989					$	—					$	1,511,209
Subscription and services-based revenue			1,332,560						296,218						53,516						1,682,294
Hardware revenue			—						31,830						671						32,501
Bitcoin revenue			2,731,124						—						—						2,731,124
Segment revenue			$	4,172,904					$	1,730,037					$	54,187					$	5,957,128
Less: Cost of revenue			2,914,377						909,765						38,513						3,862,655
Segment gross profit			$	1,258,527					$	820,272					$	15,674					$	2,094,473
Interest revenue			$	40,772					$	8,118					$	—					$	48,890
Amortization of acquired technology assets			$	13,725					$	2,537					$	1,765					$	18,027

Reconciliation of Total Segment Profit to Income before applicable Income Taxes

The following table provides a reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes (in thousands):

			Three Months Ended March 31,
			2025						2024
Total segment gross profit			$	2,289,603					$	2,094,473
Less: Product development			760,699						720,574
Less: Sales and marketing			504,460						443,885
Less: General and administrative			491,797						471,260
Less: Transaction, loan, and consumer receivable losses			169,689						165,729
Less: Amortization of customer and other intangible assets			33,656						43,282
Less: Interest expense (income), net			17,243						(18,745)
Less: Remeasurement loss (gain) on bitcoin investment			93,351						(233,404)
Less: Other income, net			(8,342)						(4,420)
Income before applicable income taxes			$	227,050					$	506,312

Revenue by Geographic Area

Revenue by geography is based on the addresses of the sellers or customers. The following table details revenue by geographic area (in thousands):

			Three Months Ended March 31,
			2025						2024
United States			$	5,347,630					$	5,566,297
International			424,166						390,831
Total			$	5,771,796					$	5,957,128

Long-lived Assets by Geographic Area

The following table details long-lived assets by geography (in thousands):

			March 31, 2025						December 31, 2024
United States			$	7,384,984					$	7,435,117
Australia			4,187,915						4,159,229
Other international			1,843,398						1,790,529
Total			$	13,416,297					$	13,384,875

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Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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