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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net income (loss) $ 1,304,210 $ 2,866,497 $ (21,124)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 369,529 376,127 408,560
Amortization of discounts and premiums and other non-cash adjustments (1,137,906) (1,099,024) (984,442)
Non-cash lease expense 56,687 72,055 144,198
Share-based compensation 1,215,480 1,272,779 1,276,097
Loss (gain) on revaluation of equity investments (172,256) (32,245) 16,523
Remeasurement loss (gain) on bitcoin investment 55,900 (420,918) (207,084)
Transaction, loan, and consumer receivable losses 1,337,246 794,221 660,663
Change in deferred income taxes 335,038 (1,665,812) (85,879)
Goodwill and intangible asset impairment 0 133,853 132,313
Purchases and originations of loans originally classified as held for sale (14,191,399) (15,210,746) (8,586,293)
Proceeds from repayments of loans originally classified as held for sale 14,248,689 14,413,277 8,032,687
Changes in operating assets and liabilities:      
Settlements receivable (487,316) 1,947,849 (1,108,529)
Customers payable 373,925 (1,853,872) 1,256,578
Settlements payable (330) (8,139) (454,036)
Prepaid expenses (159,364) (28,573) 40,492
Other assets and liabilities (568,419) 150,021 (419,763)
Net cash provided by operating activities 2,579,714 1,707,350 100,961
Cash flows from investing activities:      
Purchases of marketable debt securities (700,777) (1,197,804) (1,126,615)
Proceeds from maturities of marketable debt securities 468,980 1,005,580 1,387,830
Proceeds from sale of marketable debt securities 409,387 446,076 339,095
Payments for originations of consumer receivables (32,145,232) (29,318,390) (23,968,787)
Proceeds from principal repayments and sales of consumer receivables 32,934,204 29,922,371 24,241,651
Purchases and originations of loans originally classified as held for investment (17,629,689) 0 0
Proceeds from repayments of loans originally classified as held for investment 14,080,787 0 0
Purchases of property and equipment (155,038) (153,947) (151,151)
Purchases of other investments (64,554) (53,934) (38,822)
Net cash provided by (used in) investing activities (2,801,932) 649,952 683,201
Cash flows from financing activities:      
Proceeds from issuance of senior notes 2,200,000 2,000,000 0
Payments of debt issuance costs from issuance of senior notes (28,346) (26,619) 0
Payments to redeem convertible notes (1,000,624) 0 (461,761)
Proceeds from warehouse facilities borrowings 1,305,288 1,255,745 1,387,662
Repayments of warehouse facilities borrowings (1,456,869) (1,329,729) (1,118,083)
Proceeds from the exercise of stock options and purchases under the employee stock purchase plan 88,943 154,779 130,433
Net increase in interest-bearing deposits 55,548 74,856 25,135
Repurchases of common stock (2,330,661) (1,170,339) (156,812)
Other financing activities (35,330) (18,473) (36,817)
Change in customer funds, restricted from use in the Company's operations 588,952 1,012,442 (9,894)
Net cash provided by (used in) financing activities (613,099) 1,952,662 (240,137)
Effect of foreign exchange rate on cash and cash equivalents 86,081 (88,539) 29,156
Net increase (decrease) in cash, cash equivalents, restricted cash, and customer funds (749,236) 4,221,425 573,181
Cash, cash equivalents, restricted cash, and customer funds, beginning of the period 13,230,512 9,009,087 8,435,906
Cash, cash equivalents, restricted cash, and customer funds, end of the period 12,481,276 13,230,512 9,009,087
Reconciliation of cash, cash equivalents, restricted cash, and customer funds:      
Cash and cash equivalents 6,564,092 8,075,247 4,996,465
Short-term restricted cash 1,071,574 902,478 770,380
Long-term restricted cash 73,786 69,915 71,812
Customer funds cash and cash equivalents 4,771,824 4,182,872 3,170,430
Total $ 12,481,276 $ 13,230,512 $ 9,009,087