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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)
6 Months Ended
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 AppSquareCorporate and Other TotalCash AppSquareCorporate 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 revenue1,640,381 369,292 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 revenue2,144,032 — — 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 revenue2,344,428 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 AppSquareCorporate and Other TotalCash AppSquareCorporate 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 revenue1,418,172 322,617 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 revenue2,611,743 — — 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 revenue2,829,883 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,
2025202420252024
Total segment gross profit$2,536,530 $2,233,480 $4,826,133 $4,327,953 
Less: Product development725,288 713,163 1,485,987 1,433,737 
Less: Sales and marketing549,731 507,562 1,054,191 951,447 
Less: General and administrative449,237 473,568 941,034 944,828 
Less: Transaction, loan, and consumer receivable losses294,090 191,812 463,779 357,541 
Less: Amortization of customer and other intangible assets33,891 40,813 67,547 84,095 
Less: Interest expense (income), net23,687 (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), net13,389 (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,
2025202420252024
United States$5,562,423 $5,731,874 $10,910,053 $11,298,171 
International492,034 423,689 916,200 814,520 
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, 2025December 31, 2024
United States$7,337,011 $7,435,117 
Australia4,398,250 4,159,229 
Other international1,963,690 1,790,529 
Total$13,698,951 $13,384,875