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SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

9 Months Ended

Sep. 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 September 30, 2025																								Nine Months Ended September 30, 2025
			Cash App						Square						Corporate and Other						Total						Cash App						Square						Corporate and Other						Total
Revenue:
Transaction-based revenue			$	56,113					$	1,817,364					$	—					$	1,873,477					$	182,866					$	5,058,740					$	—					$	5,241,606
Subscription and services-based revenue			1,777,646						382,177						45,066						2,204,889						4,929,403						1,090,617						128,446						6,148,466
Hardware revenue			—						40,653						29,539						70,192						—						109,271						30,034						139,305
Bitcoin revenue			1,965,742						652						—						1,966,394						6,411,176						652						—						6,411,828
Segment revenue			$	3,799,501					$	2,240,846					$	74,605					$	6,114,952					$	11,523,445					$	6,259,280					$	158,480					$	17,941,205
Less: Cost of revenue			2,175,548						1,223,186						54,648						3,453,382						7,019,041						3,316,911						117,550						10,453,502
Segment gross profit			$	1,623,953					$	1,017,660					$	19,957					$	2,661,570					$	4,504,404					$	2,942,369					$	40,930					$	7,487,703
Interest revenue			$	48,814					$	11,025					$	—					$	59,839					$	148,178					$	29,510					$	—					$	177,688
Amortization of acquired technology assets			$	12,896					$	961					$	—					$	13,857					$	38,959					$	3,976					$	—					$	42,935

			Three Months Ended September 30, 2024																								Nine Months Ended September 30, 2024
			Cash App						Square						Corporate and Other						Total						Cash App						Square						Corporate and Other						Total
Revenue:
Transaction-based revenue			$	69,995					$	1,642,426					$	—					$	1,712,421					$	278,126					$	4,658,471					$	—					$	4,936,597
Subscription and services-based revenue			1,430,970						322,582						44,381						1,797,933						4,181,703						941,417						145,000						5,268,120
Hardware revenue			—						36,729						110						36,839						—						111,377						923						112,300
Bitcoin revenue			2,428,608						—						—						2,428,608						7,771,475						—						—						7,771,475
Segment revenue			$	3,929,573					$	2,001,737					$	44,491					$	5,975,801					$	12,231,304					$	5,711,265					$	145,923					$	18,088,492
Less: Cost of revenue			2,623,630						1,069,381						33,105						3,726,116						8,367,890						3,036,053						106,911						11,510,854
Segment gross profit			$	1,305,943					$	932,356					$	11,386					$	2,249,685					$	3,863,414					$	2,675,212					$	39,012					$	6,577,638
Interest revenue			$	51,418					$	10,218					$	—					$	61,636					$	137,189					$	27,933					$	—					$	165,122
Amortization of acquired technology assets			$	13,928					$	1,493					$	1,765					$	17,186					$	41,288					$	6,219					$	5,295					$	52,802

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 September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
Total segment gross profit			$	2,661,570					$	2,249,685					$	7,487,703					$	6,577,638
Less: Product development			711,235						710,983						2,197,222						2,144,720
Less: Sales and marketing			599,333						511,755						1,653,524						1,463,202
Less: General and administrative			543,974						475,855						1,485,008						1,420,683
Less: Transaction, loan, and consumer receivable losses			363,455						192,062						827,234						549,603
Less: Amortization of customer and other intangible assets			34,133						36,021						101,680						120,116
Less: Interest expense (income), net			34,652						13,811						75,582						(6,805)
Less: Remeasurement gain on bitcoin investment			(59,588)						(5,288)						(178,402)						(168,576)
Less: Other income, net			(167,150)						(9,661)						(162,103)						(24,665)
Income before applicable income taxes			$	601,526					$	324,147					$	1,487,958					$	1,079,360

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 September 30,												Nine Months Ended September 30,
			2025						2024						2025						2024
United States			$	5,584,897					$	5,519,879					$	16,494,950					$	16,818,047
International			530,055						455,922						1,446,255						1,270,445
Total			$	6,114,952					$	5,975,801					$	17,941,205					$	18,088,492

Schedule of Long-lived Assets by Geographic Area

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

			September 30, 2025						December 31, 2024
United States			$	7,346,692					$	7,435,117
Australia			4,415,081						4,159,229
Other international			1,929,342						1,790,529
Total			$	13,691,115					$	13,384,875

X

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