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v3.25.2

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables) | 6 Months Ended
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Jun. 30, 2025
Segment Reporting [Abstract] |
Schedule of 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 June 30, 2025 |  | Six Months Ended June 30, 2025 |  |
| Cash App |  | Square |  | Corporate and Other |  | Total |  | Cash App |  | Square |  | Corporate and Other |  | Total |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transaction-based revenue | $ | 60,515 |  |  | $ | 1,756,883 |  |  | $ | — |  |  | $ | 1,817,398 |  |  | $ | 126,753 |  |  | $ | 3,241,376 |  |  | $ | — |  |  | $ | 3,368,129 |  |  |  |  |  |  |  |  |
Subscription and services-based revenue | 1,640,381 |  |  | 369,292 |  |  | 42,931 |  |  | 2,052,604 |  |  | 3,151,755 |  |  | 708,441 |  |  | 83,381 |  |  | 3,943,577 |  |  |  |  |  |  |  |  |
Hardware revenue | — |  |  | 40,100 |  |  | 323 |  |  | 40,423 |  |  | — |  |  | 68,618 |  |  | 495 |  |  | 69,113 |  |  |  |  |  |  |  |  |
Bitcoin revenue | 2,144,032 |  |  | — |  |  | — |  |  | 2,144,032 |  |  | 4,445,434 |  |  | — |  |  | — |  |  | 4,445,434 |  |  |  |  |  |  |  |  |
Segment revenue | $ | 3,844,928 |  |  | $ | 2,166,275 |  |  | $ | 43,254 |  |  | $ | 6,054,457 |  |  | $ | 7,723,942 |  |  | $ | 4,018,435 |  |  | $ | 83,876 |  |  | $ | 11,826,253 |  |  |  |  |  |  |  |  |
Less: Cost of revenue | 2,344,428 |  |  | 1,139,464 |  |  | 34,035 |  |  | 3,517,927 |  |  | 4,843,491 |  |  | 2,093,726 |  |  | 62,903 |  |  | 7,000,120 |  |  |  |  |  |  |  |  |
Segment gross profit | $ | 1,500,500 |  |  | $ | 1,026,811 |  |  | $ | 9,219 |  |  | $ | 2,536,530 |  |  | $ | 2,880,451 |  |  | $ | 1,924,709 |  |  | $ | 20,973 |  |  | $ | 4,826,133 |  |  |  |  |  |  |  |  |
Interest revenue | $ | 50,126 |  |  | $ | 10,548 |  |  | $ | — |  |  | $ | 60,674 |  |  | $ | 99,364 |  |  | $ | 18,485 |  |  | $ | — |  |  | $ | 117,849 |  |  |  |  |  |  |  |  |
Amortization of acquired technology assets | $ | 12,897 |  |  | $ | 1,507 |  |  | $ | — |  |  | $ | 14,404 |  |  | $ | 26,063 |  |  | $ | 3,015 |  |  | $ | — |  |  | $ | 29,078 |  |  |  |  |  |  |  |  |
| Three Months Ended June 30, 2024 |  | Six Months Ended June 30, 2024 |  |
| Cash App |  | Square |  | Corporate and Other |  | Total |  | Cash App |  | Square |  | Corporate and Other |  | Total |  |  |  |  |  |  |  |
Revenue: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transaction-based revenue | $ | 98,912 |  |  | $ | 1,614,055 |  |  | $ | — |  |  | $ | 1,712,967 |  |  | $ | 208,131 |  |  | $ | 3,016,045 |  |  | $ | — |  |  | $ | 3,224,176 |  |  |  |  |  |  |  |  |
Subscription and services-based revenue | 1,418,172 |  |  | 322,617 |  |  | 47,104 |  |  | 1,787,893 |  |  | 2,750,732 |  |  | 618,835 |  |  | 100,620 |  |  | 3,470,187 |  |  |  |  |  |  |  |  |
Hardware revenue | — |  |  | 42,818 |  |  | 142 |  |  | 42,960 |  |  | — |  |  | 74,648 |  |  | 813 |  |  | 75,461 |  |  |  |  |  |  |  |  |
Bitcoin revenue | 2,611,743 |  |  | — |  |  | — |  |  | 2,611,743 |  |  | 5,342,867 |  |  | — |  |  | — |  |  | 5,342,867 |  |  |  |  |  |  |  |  |
Segment revenue | $ | 4,128,827 |  |  | $ | 1,979,490 |  |  | $ | 47,246 |  |  | $ | 6,155,563 |  |  | $ | 8,301,730 |  |  | $ | 3,709,528 |  |  | $ | 101,433 |  |  | $ | 12,112,691 |  |  |  |  |  |  |  |  |
Less: Cost of revenue | 2,829,883 |  |  | 1,056,906 |  |  | 35,294 |  |  | 3,922,083 |  |  | 5,744,260 |  |  | 1,966,671 |  |  | 73,807 |  |  | 7,784,738 |  |  |  |  |  |  |  |  |
Segment gross profit | $ | 1,298,944 |  |  | $ | 922,584 |  |  | $ | 11,952 |  |  | $ | 2,233,480 |  |  | $ | 2,557,470 |  |  | $ | 1,742,857 |  |  | $ | 27,626 |  |  | $ | 4,327,953 |  |  |  |  |  |  |  |  |
Interest revenue | $ | 44,999 |  |  | $ | 9,597 |  |  | $ | — |  |  | $ | 54,596 |  |  | $ | 85,771 |  |  | $ | 17,715 |  |  | $ | — |  |  | $ | 103,486 |  |  |  |  |  |  |  |  |
Amortization of acquired technology assets | $ | 13,635 |  |  | $ | 2,189 |  |  | $ | 1,765 |  |  | $ | 17,589 |  |  | $ | 27,360 |  |  | $ | 4,726 |  |  | $ | 3,530 |  |  | $ | 35,616 |  |  |  |  |  |  |  |  |
Schedule of 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 June 30, |  | Six Months Ended June 30, |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
Total segment gross profit | $ | 2,536,530 |  |  | $ | 2,233,480 |  |  | $ | 4,826,133 |  |  | $ | 4,327,953 |  |  |  |  |
Less: Product development | 725,288 |  |  | 713,163 |  |  | 1,485,987 |  |  | 1,433,737 |  |  |  |  |
Less: Sales and marketing | 549,731 |  |  | 507,562 |  |  | 1,054,191 |  |  | 951,447 |  |  |  |  |
Less: General and administrative | 449,237 |  |  | 473,568 |  |  | 941,034 |  |  | 944,828 |  |  |  |  |
Less: Transaction, loan, and consumer receivable losses | 294,090 |  |  | 191,812 |  |  | 463,779 |  |  | 357,541 |  |  |  |  |
Less: Amortization of customer and other intangible assets | 33,891 |  |  | 40,813 |  |  | 67,547 |  |  | 84,095 |  |  |  |  |
Less: Interest expense (income), net | 23,687 |  |  | (1,871) |  |  | 40,930 |  |  | (20,616) |  |  |  |  |
Less: Remeasurement loss (gain) on bitcoin investment | (212,165) |  |  | 70,116 |  |  | (118,814) |  |  | (163,288) |  |  |  |  |
Less: Other expense (income), net | 13,389 |  |  | (10,584) |  |  | 5,047 |  |  | (15,004) |  |  |  |  |
Income before applicable income taxes | $ | 659,382 |  |  | $ | 248,901 |  |  | $ | 886,432 |  |  | $ | 755,213 |  |  |  |  |
Schedule of 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 June 30, |  | Six Months Ended June 30, |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
United States | $ | 5,562,423 |  |  | $ | 5,731,874 |  |  | $ | 10,910,053 |  |  | $ | 11,298,171 |  |  |  |  |
International | 492,034 |  |  | 423,689 |  |  | 916,200 |  |  | 814,520 |  |  |  |  |
Total | $ | 6,054,457 |  |  | $ | 6,155,563 |  |  | $ | 11,826,253 |  |  | $ | 12,112,691 |  |  |  |  |
Schedule of Long-lived Assets by Geographic Area | The following table details long-lived assets by geography (in thousands):
| June 30, 2025 |  | December 31, 2024
United States | $ | 7,337,011 |  |  | $ | 7,435,117 |
Australia | 4,398,250 |  |  | 4,159,229 |
Other international | 1,963,690 |  |  | 1,790,529 |
Total | $ | 13,698,951 |  |  | $ | 13,384,875 |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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