Block (XYZ) 10-Q 6 May 21 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Mar. 31, 2021	Apr. 30, 2021
Class of Stock [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2021
Document Transition Report	false
Entity File Number	001-37622
Entity Registrant Name	Square, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	80-0429876
Entity Address, Address Line One	1455 Market Street
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	San Francisco
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94103
City Area Code	415
Local Phone Number	375-3176
Title of 12(b) Security	Class A common stock, $0.0000001 par value per share
Trading Symbol	SQ
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001512673
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		392,001,977
Class B
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		63,366,674

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 3,022,485	$ 3,158,058
Investments in short-term debt securities	644,454	695,112
Settlements receivable	1,109,505	1,024,895
Customer funds	2,976,428	2,037,832
Loans held for sale	742,378	462,665
Other current assets	823,606	383,067
Total current assets	9,318,856	7,761,629
Property and equipment, net	245,702	233,520
Goodwill	316,437	316,701
Acquired intangible assets, net	129,796	137,612
Investments in long-term debt securities	522,542	463,950
Operating lease right-of-use assets	463,331	456,888
Other non-current assets	352,056	499,250
Total assets	11,348,720	9,869,550
Current liabilities:
Customers payable	4,028,859	3,009,051
Settlements payable	263,926	239,362
Accrued expenses and other current liabilities	448,624	360,850
Operating lease liabilities, current	55,485	52,747
PPP Liquidity Facility advances	764,208	464,094
Total current liabilities	5,561,102	4,126,104
Long-term debt	2,980,202	2,586,924
Operating lease liabilities, non-current	400,369	389,662
Other non-current liabilities	92,674	85,291
Total liabilities	9,034,347	7,187,981
Commitments and contingencies (Note 16)
Stockholders’ equity:
Preferred stock, $0.0000001 par value: 100,000,000 shares authorized at March 31, 2021 and December 31, 2020. None issued and outstanding at March 31, 2021 and December 31, 2020.	0	0
Additional paid-in capital	2,459,415	2,955,464
Accumulated other comprehensive income	10,199	23,328
Accumulated deficit	(155,241)	(297,223)
Total stockholders’ equity	2,314,373	2,681,569
Total liabilities and stockholders’ equity	11,348,720	9,869,550
Class A
Stockholders’ equity:
Common stock	0	0
Class B
Stockholders’ equity:
Common stock	$ 0	$ 0

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
Class of Stock [Line Items]
Preferred stock, par value (in USD per share)	$ 0.00	$ 0.00
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Class A
Class of Stock [Line Items]
Common stock, par value (in USD per share)	$ 0.00	$ 0.00
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, shares issued (in shares)	390,680,544	390,187,079
Common stock, shares outstanding (in shares)	390,680,544	390,187,079
Class B
Class of Stock [Line Items]
Common stock, par value (in USD per share)	$ 0.00	$ 0.00
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	63,987,897	65,997,697
Common stock, shares outstanding (in shares)	63,987,897	65,997,697

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenue:
Revenue	$ 5,057,270	$ 1,381,109
Cost of revenue:
Total cost of revenue	4,093,769	842,608
Gross profit	963,501	538,501
Operating expenses:
Product development	308,678	194,986
Sales and marketing	349,460	194,535
General and administrative	195,909	129,495
Transaction and loan losses	20,395	108,883
Bitcoin impairment losses	19,860	0
Amortization of acquired customer assets	6,884	4,152
Total operating expenses	895,765	628,789
Operating income (loss)	67,736	(90,288)
Interest expense, net	253	9,206
Other expense, net	27,528	5,862
Income (loss) before income tax	39,955	(105,356)
Provision for income taxes	947	535
Net income (loss)	$ 39,008	$ (105,891)
Net income (loss) per share:
Basic (in USD per share)	$ 0.09	$ (0.24)
Diluted (in USD per share)	$ 0.08	$ (0.24)
Weighted-average shares used to compute net income (loss) per share:
Basic (in shares)	454,973	434,940
Diluted (in shares)	501,353	434,940
Technology assets
Cost of revenue:
Amortization of acquired technology	$ 4,300	$ 2,320
Customer assets
Operating expenses:
Amortization of acquired customer assets	1,463	890
Transaction-based revenue
Revenue:
Revenue	959,733	758,101
Cost of revenue:
Cost of revenue	524,280	465,779
Subscription and services-based revenue
Revenue:
Revenue	525,065	255,883
Revenue	557,681	296,235
Cost of revenue:
Cost of revenue	88,572	40,711
Hardware revenue
Revenue:
Revenue	28,788	20,675
Cost of revenue:
Cost of revenue	40,482	34,372
Bitcoin revenue
Revenue:
Revenue	3,511,068	306,098
Cost of revenue:
Cost of revenue	$ 3,436,135	$ 299,426

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 39,008	$ (105,891)
Net foreign currency translation adjustments	(10,595)	(8,388)
Net unrealized gain (loss) on marketable debt securities	(2,534)	3,327
Total comprehensive income (loss)	$ 25,879	$ (110,952)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Net income (loss)	$ 39,008	$ (105,891)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	29,201	20,061
Non-cash interest and other	5,207	12,411
Loss on extinguishment of long-term debt	0	990
Share-based compensation	118,623	77,303
Loss on revaluation of equity investment	28,900	0
Bitcoin impairment losses	19,860	0
Non-cash lease expense	20,432	15,125
Transaction and loan losses	20,395	108,883
Change in deferred income taxes	(60)	(984)
Changes in operating assets and liabilities:
Settlements receivable	(114,458)	60,248
Customer funds	(1,007,144)	(210,201)
Purchases and originations of loans held for sale	(812,492)	(573,502)
Sales and principal payments of loans held for sale	531,716	555,584
Customers payable	1,018,906	212,929
Settlements payable	24,564	(6,684)
Charge-offs to accrued transaction losses	(15,193)	(17,413)
Other assets and liabilities	(5,206)	(27,563)
Net cash provided by (used in) operating activities	(97,741)	121,296
Cash flows from investing activities:
Purchase of marketable debt securities	(401,161)	(363,874)
Proceeds from maturities of marketable debt securities	139,353	98,146
Proceeds from sale of marketable debt securities	249,342	247,027
Purchase of marketable debt securities from customer funds	(119,411)	(144,494)
Proceeds from maturities of marketable debt securities from customer funds	187,500	65,000
Proceeds from sale of marketable debt securities from customer funds	0	22,457
Purchase of property and equipment	(34,149)	(26,137)
Purchase of bitcoin investments	(170,000)	0
Purchase of other investments	(28,470)	0
Proceeds from sale of equity investments	18,973	0
Business combinations, net of cash acquired	0	(12,742)
Net cash used in investing activities	(158,023)	(114,617)
Cash flows from financing activities:
Proceeds from issuance of convertible senior notes, net	0	986,241
Purchase of convertible senior note hedges	0	(149,200)
Proceeds from issuance of warrants	0	99,500
Proceeds from PPP Liquidity Facility advances	494,300	0
Repayments of PPP Liquidity Facility advances	(194,186)	0
Payments for tax withholding related to vesting of restricted stock units	(152,013)	(48,772)
Proceeds from the exercise of stock options and purchases under the employee stock purchase plan	32,891	31,406
Other financing activities	0	(1,055)
Net cash provided by financing activities	180,992	918,120
Effect of foreign exchange rate on cash and cash equivalents	(8,206)	(13,588)
Net increase (decrease) in cash, cash equivalents, and restricted cash	(82,978)	911,211
Cash, cash equivalents, and restricted cash, beginning of period	3,201,863	1,098,706
Cash, cash equivalents, and restricted cash, end of period	$ 3,118,885	$ 2,009,917

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Class A and B common stock	Additional paid-in	Additional paid-inCumulative Effect, Period of Adoption, Adjustment	Accumulated other comprehensive income (loss)	Accumulated deficit	Accumulated deficitCumulative Effect, Period of Adoption, Adjustment
Beginning balance (in shares) at Dec. 31, 2019			432,796,720
Beginning balance at Dec. 31, 2019	$ 1,715,050		$ 0	$ 2,223,749		$ 1,629	$ (510,328)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(105,891)						(105,891)
Shares issued in connection with employee stock plans (in shares)			5,222,525
Shares issued in connection with employee stock plans	31,406			31,406
Issuance of common stock in connection with business combination (in shares)			357,017
Issuance of common stock in connection with business combination	14,999			14,999
Change in other comprehensive loss	(5,061)					(5,061)
Share-based compensation	79,562			79,562
Tax withholding related to vesting of restricted stock units (in shares)			(722,606)
Tax withholding related to vesting of restricted stock units	(48,772)			(48,772)
Conversion feature of convertible senior notes, due 2025, net of allocated costs	152,258			152,258
Purchase of bond hedges in conjunction with issuance of convertible senior notes, due 2025	(149,200)			(149,200)
Sale of warrants in conjunction with issuance of convertible senior notes, due 2025	99,500			99,500
Issuance of common stock in conjunction with the conversion of senior notes (in shares)			1,109,980
Issuance of common stock in conjunction with the conversion of senior notes	24,094			24,094
Ending balance (in shares) at Mar. 31, 2020			438,763,636
Ending balance at Mar. 31, 2020	1,807,945		$ 0	2,427,596		(3,432)	(616,219)
Beginning balance (in shares) at Dec. 31, 2019			432,796,720
Beginning balance at Dec. 31, 2019	1,715,050		$ 0	2,223,749		1,629	(510,328)
Ending balance (in shares) at Dec. 31, 2020			456,184,776
Ending balance at Dec. 31, 2020	$ 2,681,569	$ (399,734)	$ 0	2,955,464	$ (502,708)	23,328	(297,223)	$ 102,974
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible List]	mic:AccountingStandardsUpdate202006Member
Net income (loss)	$ 39,008						39,008
Shares issued in connection with employee stock plans (in shares)			4,311,094
Shares issued in connection with employee stock plans	32,891			32,891
Change in other comprehensive loss	(13,129)					(13,129)
Share-based compensation	121,965			121,965
Tax withholding related to vesting of restricted stock units (in shares)			(669,076)
Tax withholding related to vesting of restricted stock units	(152,013)			(152,013)
Issuance of common stock in conjunction with the conversion of senior notes (in shares)			166,967
Issuance of common stock in conjunction with the conversion of senior notes	3,816			3,816
Exercise of bond hedges in conjunction with the conversion of senior notes, due 2022 (in shares)			(5,325,320)
Ending balance (in shares) at Mar. 31, 2021			454,668,441
Ending balance at Mar. 31, 2021	$ 2,314,373		$ 0	$ 2,459,415		$ 10,199	$ (155,241)

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Square, Inc. (together with its subsidiaries, Square or the Company) creates tools that empower businesses, sellers and individuals to participate in the economy. Square enables sellers to accept card payments and also provides reporting and analytics, and next-day settlement. Square’s point-of-sale software and other business services help sellers manage inventory, locations, and employees; access financing; engage buyers; build a website or online store; and grow sales. Cash App is an easy way for people to store, send, receive, spend, and invest money. Square was founded in 2009 and is headquartered in San Francisco, with offices in the United States, Canada, Japan, Australia, Ireland, the United Kingdom, Spain, and Lithuania. On March 1, 2021, the industrial loan company charter for Square Financial Services ("SFS"), a wholly owned subsidiary of the Company, was approved by the Federal Deposit Insurance Corporation ("FDIC") and the State of Utah to begin its banking operations. As of March 31, 2021, the operations of SFS have not been material. Basis of Presentation The accompanying interim condensed consolidated financial statements of the Company are unaudited. These interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP) and the applicable rules and regulations of the Securities and Exchange Commission (SEC) for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The December 31, 2020 condensed consolidated balance sheet was derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, reflect all adjustments of a normal recurring nature considered necessary to state fairly the Company's consolidated financial position, results of operations, comprehensive income (loss), and cash flows for the interim periods. All intercompany transactions and balances have been eliminated in consolidation. The interim results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021, or for any other future annual or interim period. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Consolidated Financial Statements and related notes in the Company's Annual Report on Form 10-K for the year ended December 31, 2020. Use of Estimates The preparation of the Company’s condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, as well as related disclosure of contingent assets and liabilities. Actual results could differ from the Company’s estimates. To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or operating results will be materially affected. The Company bases its estimates on current and past experience, to the extent that historical experience is predictive of future performance and other assumptions that the Company believes are reasonable under the circumstances. The Company evaluates these estimates on an ongoing basis. Estimates, judgments, and assumptions in these condensed consolidated financial statements include, but are not limited to, those related to revenue recognition, accrued transaction losses, contingencies, valuation of the debt component of convertible senior notes, valuation of loans held for sale including loans under the Paycheck Protection Program ("PPP"), valuation of goodwill and acquired intangible assets, deferred revenue, determination of income and other taxes, operating and financing lease right-of-use assets and related liabilities, assessing the likelihood of adverse outcomes from claims and disputes, and share-based compensation. In March 2020, the World Health Organization declared the COVID-19 outbreak a global pandemic. The Company operates in geographic locations that have been impacted by COVID-19 and that are subject to various mandated local, state and federally issued public health ordinances, which have impacted the business operations and financial performance of the Company, its employees, and its customers. The extent to which the pandemic will further impact the Company and its customers will depend on future developments, including, but not limited to, various uncertainties that could negatively impact the Company's customers ability to repay outstanding amounts or even continue in business, the duration and ultimate scope of the pandemic, the impact of variants of the disease, the availability and efficacy of vaccines, the speed at which such vaccines are administered, the likelihood of a resurgence of positive cases, further government stimulus assistance programs, and the impact on regional and worldwide economies and financial markets in general, all of which are uncertain and cannot be predicted. The Company continues to revise and update the carrying values of its assets or liabilities based on estimates, judgments and circumstances it is aware of, particularly, the expected impact of COVID-19. The Company's estimates of accrued transaction losses and valuation of loans held for sale are based on historical experience, adjusted for market data relevant to the current economic environment. Specifically related to the COVID-19 pandemic, the Company considers market data for similar historical periods of unprecedented economic conditions and uncertainty in developing such estimates and assumptions. While the COVID-19 pandemic continues to have ongoing global effects, as of March 31, 2021, there have been no material impacts on our estimates, but facts and circumstances could change and impact our estimates and affect our results of operations in future periods. The Company will update its estimates as developments occur and additional information is obtained. The Company will continue to refine its estimates for transaction and loan losses based on actual realized results. Actual results could differ from the estimates, and such differences may be material to the Company's financial statements. See Note 9, Other Consolidated Balance Sheet Components (Current) , for further details on transaction losses and Note 5, Fair Value of Financial Instruments , for further details on amortized cost over fair value of the loans. Concentration of Credit Risk For the three months ended March 31, 2021 and March 31, 2020, the Company had no customer that accounted for greater than 10% of total net revenue. The Company had two third-party payment processors that represented approximately 53% and 33% of settlements receivable as of March 31, 2021. As of December 31, 2020, there were two parties that represented approximately 59% and 27% of settlements receivable. All other third-party processors were insignificant. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, marketable debt securities, settlements receivable, customer funds, reverse repurchase agreements, and loans held for sale. The associated risk of concentration for cash and cash equivalents and restricted cash is mitigated by banking with creditworthy institutions. At certain times, amounts on deposit exceed federal deposit insurance limits. The associated risk of concentration for marketable debt securities is mitigated by holding a diversified portfolio of highly rated investments. Settlements receivable are amounts due from well-established payment processing companies and normally take one two Sales and Marketing Expenses Advertising costs are expensed as incurred and included in sales and marketing expense in the condensed consolidated statements of operations. Total advertising costs for the three months ended March 31, 2021 and 2020, were $85.9 million and $36.2 million. respectively. In addition, services, incentives, and other costs to customers that are not directly related to a revenue generating transaction are recorded as sales and marketing expenses, as the Company considers these to be marketing costs to encourage the usage of Cash App. These expenses, which include, but are not limited to, Cash App peer-to-peer processing costs and related transaction losses, card issuance costs, customer referral bonuses, and promotional giveaways, were $183.6 million and $106.8 million, for the three months ended March 31, 2021 and 2020, respectively. Recently Adopted Accounting Pronouncements In August 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity's Own Equity , as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. The guidance is effective for financial statements issued for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption permitted, but only at the beginning of the fiscal year. The Company early adopted the new guidance on January 1, 2021 using the modified retrospective approach and recorded a cumulative effect upon adoption of $103.0 million as a reduction to accumulated deficit and a reduction to other paid in capital of $502.7 million related to amounts attributable to conversion options that had previously been recorded in equity. Additionally, the Company recorded an increase to its convertible notes balance by an aggregate amount of $399.7 million as a result of the reversal of the separation of the convertible debt between debt and equity. The adoption of this standard also significantly decreased the amount of non-cash interest expense to be recognized in future periods as a result of eliminating the discount associated with the equity component. There was no impact to the Company’s statements of cash flows as the result of the adoption of ASU No. 2020-06. In October 2020, the FASB issued ASU No. 2020-10, Codification Improvements ("Codification") . The update provides incremental improvements on various topics in the Codification to provide clarification, correct errors in, and to provide simplification on a variety of topics. Among other items, the guidance includes presentation disclosures for the amount of income tax expense or benefit related to other comprehensive income. The amendments are effective for public entities in fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted. The Company adopted this guidance effective January 1, 2021 and has applied the guidance prospectively. The adoption of this guidance did not have a material impact on the Company’s financial statements and related disclosures.

REVENUE

REVENUE	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The following table presents the Company's revenue disaggregated by revenue source (in thousands): Three Months Ended 2021 2020 Revenue from Contracts with Customers: Transaction-based revenue $ 959,733 $ 758,101 Subscription and services-based revenue 525,065 255,883 Hardware revenue 28,788 20,675 Bitcoin revenue 3,511,068 306,098 Revenue from other sources: Subscription and services-based revenue $ 32,616 $ 40,352 The deferred revenue balances were as follows (in thousands): Three Months Ended 2021 2020 Deferred revenue, beginning of the period $ 51,804 $ 44,331 Deferred revenue, end of the period 54,726 47,046 Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period $ 18,933 $ 15,570

INVESTMENTS IN DEBT SECURITIES

INVESTMENTS IN DEBT SECURITIES	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
INVESTMENTS IN DEBT SECURITIES	INVESTMENTS IN DEBT SECURITIES The Company's short-term and long-term investments as of March 31, 2021 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 102,238 $ 392 $ (97) $ 102,533 Corporate bonds 137,647 462 (81) 138,028 Commercial paper 80,137 — — 80,137 Municipal securities 9,531 34 — 9,565 U.S. government securities 270,554 652 — 271,206 Foreign government securities 42,951 113 (79) 42,985 Total $ 643,058 $ 1,653 $ (257) $ 644,454 Long-term debt securities: U.S. agency securities $ 122,027 $ 216 $ (38) $ 122,205 Corporate bonds 284,669 734 (497) 284,906 Municipal securities 1,039 12 — 1,051 U.S. government securities 87,957 277 (66) 88,168 Foreign government securities 26,090 137 (15) 26,212 Total $ 521,782 $ 1,376 $ (616) $ 522,542 The Company's short-term and long-term investments as of December 31, 2020 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 153,386 $ 782 $ (164) $ 154,004 Corporate bonds 76,957 256 (14) 77,199 Commercial paper 4,999 — — 4,999 Municipal securities 10,377 57 (3) 10,431 U.S. government securities 404,194 1,244 (4) 405,434 Foreign government securities 42,988 139 (82) 43,045 Total $ 692,901 $ 2,478 $ (267) $ 695,112 Long-term debt securities: U.S. agency securities $ 168,762 $ 519 $ (3) $ 169,278 Corporate bonds 174,655 1,401 (42) 176,014 Municipal securities 1,045 15 — 1,060 U.S. government securities 91,642 433 (2) 92,073 Foreign government securities 25,351 184 (10) 25,525 Total $ 461,455 $ 2,552 $ (57) $ 463,950 The amortized cost of investments classified as cash equivalents approximated the fair value due to the short-term nature of the investments. The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2021 and December 31, 2020, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows (in thousands): March 31, 2021 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. agency securities $ 40,196 $ (97) $ — $ — $ 40,196 $ (97) Corporate bonds 75,260 (81) — — 75,260 (81) Foreign government securities 19,836 (79) — — 19,836 (79) Total $ 135,292 $ (257) $ — $ — $ 135,292 $ (257) Long-term debt securities: U.S. agency securities $ 49,311 $ (38) $ — $ — $ 49,311 $ (38) Corporate bonds 160,854 (497) — — 160,854 (497) U.S. government securities 67,138 (66) — — 67,138 (66) Foreign government securities 10,223 (15) — — 10,223 (15) Total $ 287,526 $ (616) $ — $ — $ 287,526 $ (616) December 31, 2020 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. agency securities $ 41,711 $ (162) $ 2,505 $ (2) $ 44,216 $ (164) Corporate bonds 15,255 (14) — — 15,255 (14) Municipal securities 2,566 (3) — — 2,566 (3) U.S. government securities 45,970 (4) — — 45,970 (4) Foreign government securities 21,341 (82) — — 21,341 (82) Total $ 126,843 $ (265) $ 2,505 $ (2) $ 129,348 $ (267) Long-term debt securities: U.S. agency securities $ 1,406 $ (3) $ — $ — $ 1,406 $ (3) Corporate bonds 28,189 (42) — — 28,189 (42) U.S. government securities 8,658 (2) — — 8,658 (2) Foreign government securities 10,929 (10) — — 10,929 (10) Total $ 49,182 $ (57) $ — $ — $ 49,182 $ (57) The U.S. government and U.S. agency securities are either explicitly or implicitly guaranteed by the U.S. government and are highly rated by major rating agencies. The corporate bonds are issued by highly rated entities. The foreign government securities are issued by highly rated international entities. The Company has the ability and intent to hold these investments with unrealized losses for a reasonable period of time sufficient for the recovery of their amortized cost bases, which may be at maturity. The Company determines any realized gains or losses on the sale of marketable debt securities on a specific identification method, and records such gains and losses as a component of other expense, net. The Company does not have any available for sale debt securities for which the Company has recorded credit related losses. The contractual maturities of the Company's short-term and long-term investments as of March 31, 2021 are as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 643,058 $ 644,454 Due in one to five years 521,782 522,542 Total $ 1,164,840 $ 1,166,996 The following table presents the assets underlying customer funds (in thousands): March 31, 2021 December 31, 2020 Cash $ 20,584 $ 145,577 Customer funds in transit — 262,562 Cash Equivalents: Money market funds 1,655,962 777,193 Reverse repurchase agreement (i) 921,906 246,880 U.S. agency securities — 47,300 U.S. government securities — 111,796 Short-term debt securities: U.S. agency securities 39,521 113,178 U.S. government securities 338,455 333,346 Total $ 2,976,428 $ 2,037,832 (i) The Company has accounted for the reverse repurchase agreement with a third party as an overnight lending arrangement, collateralized by the securities subject to the repurchase agreement. The Company classifies the amounts due from the counterparty as cash equivalents due to the short-term nature. The Company's investments within customer funds as of March 31, 2021 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 39,517 $ 4 $ — $ 39,521 U.S. government securities 338,395 61 (1) 338,455 Total $ 377,912 $ 65 $ (1) $ 377,976 The Company's investments within customer funds as of December 31, 2020 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 113,156 $ 22 $ — $ 113,178 U.S. government securities 333,323 28 (5) 333,346 Total $ 446,479 $ 50 $ (5) $ 446,524 The amortized cost of investments classified as cash equivalents approximated the fair value due to the short-term nature of the investments. The gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2021 and December 31, 2020, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows (in thousands): March 31, 2021 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. government securities $ 25,479 $ (1) $ — $ — $ 25,479 $ (1) Total $ 25,479 $ (1) $ — $ — $ 25,479 $ (1) December 31, 2020 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. government securities $ 73,609 $ (5) $ — $ — $ 73,609 $ (5) Total $ 73,609 $ (5) $ — $ — $ 73,609 $ (5) The unrealized losses above were caused by interest rate changes. The U.S. government securities are either explicitly or implicitly guaranteed by the U.S. government and are highly rated by major rating agencies. The Company has the ability and intent to hold these investments with unrealized losses for a reasonable period of time sufficient for the recovery of their amortized cost bases, which may be at maturity. The Company determines any realized gains or losses on the sale of marketable debt securities on a specific identification method, and records such gains and losses as a component of other expense, net. The Company does not have any available for sale debt securities for which the Company has recorded credit related losses. The contractual maturities of the Company's investments within customer funds as of March 31, 2021 are as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 377,912 $ 377,976 Due in one to five years — — Total $ 377,912 $ 377,976

CUSTOMER FUNDS

CUSTOMER FUNDS	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
CUSTOMER FUNDS	INVESTMENTS IN DEBT SECURITIES The Company's short-term and long-term investments as of March 31, 2021 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 102,238 $ 392 $ (97) $ 102,533 Corporate bonds 137,647 462 (81) 138,028 Commercial paper 80,137 — — 80,137 Municipal securities 9,531 34 — 9,565 U.S. government securities 270,554 652 — 271,206 Foreign government securities 42,951 113 (79) 42,985 Total $ 643,058 $ 1,653 $ (257) $ 644,454 Long-term debt securities: U.S. agency securities $ 122,027 $ 216 $ (38) $ 122,205 Corporate bonds 284,669 734 (497) 284,906 Municipal securities 1,039 12 — 1,051 U.S. government securities 87,957 277 (66) 88,168 Foreign government securities 26,090 137 (15) 26,212 Total $ 521,782 $ 1,376 $ (616) $ 522,542 The Company's short-term and long-term investments as of December 31, 2020 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 153,386 $ 782 $ (164) $ 154,004 Corporate bonds 76,957 256 (14) 77,199 Commercial paper 4,999 — — 4,999 Municipal securities 10,377 57 (3) 10,431 U.S. government securities 404,194 1,244 (4) 405,434 Foreign government securities 42,988 139 (82) 43,045 Total $ 692,901 $ 2,478 $ (267) $ 695,112 Long-term debt securities: U.S. agency securities $ 168,762 $ 519 $ (3) $ 169,278 Corporate bonds 174,655 1,401 (42) 176,014 Municipal securities 1,045 15 — 1,060 U.S. government securities 91,642 433 (2) 92,073 Foreign government securities 25,351 184 (10) 25,525 Total $ 461,455 $ 2,552 $ (57) $ 463,950 The amortized cost of investments classified as cash equivalents approximated the fair value due to the short-term nature of the investments. The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2021 and December 31, 2020, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows (in thousands): March 31, 2021 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. agency securities $ 40,196 $ (97) $ — $ — $ 40,196 $ (97) Corporate bonds 75,260 (81) — — 75,260 (81) Foreign government securities 19,836 (79) — — 19,836 (79) Total $ 135,292 $ (257) $ — $ — $ 135,292 $ (257) Long-term debt securities: U.S. agency securities $ 49,311 $ (38) $ — $ — $ 49,311 $ (38) Corporate bonds 160,854 (497) — — 160,854 (497) U.S. government securities 67,138 (66) — — 67,138 (66) Foreign government securities 10,223 (15) — — 10,223 (15) Total $ 287,526 $ (616) $ — $ — $ 287,526 $ (616) December 31, 2020 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. agency securities $ 41,711 $ (162) $ 2,505 $ (2) $ 44,216 $ (164) Corporate bonds 15,255 (14) — — 15,255 (14) Municipal securities 2,566 (3) — — 2,566 (3) U.S. government securities 45,970 (4) — — 45,970 (4) Foreign government securities 21,341 (82) — — 21,341 (82) Total $ 126,843 $ (265) $ 2,505 $ (2) $ 129,348 $ (267) Long-term debt securities: U.S. agency securities $ 1,406 $ (3) $ — $ — $ 1,406 $ (3) Corporate bonds 28,189 (42) — — 28,189 (42) U.S. government securities 8,658 (2) — — 8,658 (2) Foreign government securities 10,929 (10) — — 10,929 (10) Total $ 49,182 $ (57) $ — $ — $ 49,182 $ (57) The U.S. government and U.S. agency securities are either explicitly or implicitly guaranteed by the U.S. government and are highly rated by major rating agencies. The corporate bonds are issued by highly rated entities. The foreign government securities are issued by highly rated international entities. The Company has the ability and intent to hold these investments with unrealized losses for a reasonable period of time sufficient for the recovery of their amortized cost bases, which may be at maturity. The Company determines any realized gains or losses on the sale of marketable debt securities on a specific identification method, and records such gains and losses as a component of other expense, net. The Company does not have any available for sale debt securities for which the Company has recorded credit related losses. The contractual maturities of the Company's short-term and long-term investments as of March 31, 2021 are as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 643,058 $ 644,454 Due in one to five years 521,782 522,542 Total $ 1,164,840 $ 1,166,996 The following table presents the assets underlying customer funds (in thousands): March 31, 2021 December 31, 2020 Cash $ 20,584 $ 145,577 Customer funds in transit — 262,562 Cash Equivalents: Money market funds 1,655,962 777,193 Reverse repurchase agreement (i) 921,906 246,880 U.S. agency securities — 47,300 U.S. government securities — 111,796 Short-term debt securities: U.S. agency securities 39,521 113,178 U.S. government securities 338,455 333,346 Total $ 2,976,428 $ 2,037,832 (i) The Company has accounted for the reverse repurchase agreement with a third party as an overnight lending arrangement, collateralized by the securities subject to the repurchase agreement. The Company classifies the amounts due from the counterparty as cash equivalents due to the short-term nature. The Company's investments within customer funds as of March 31, 2021 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 39,517 $ 4 $ — $ 39,521 U.S. government securities 338,395 61 (1) 338,455 Total $ 377,912 $ 65 $ (1) $ 377,976 The Company's investments within customer funds as of December 31, 2020 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 113,156 $ 22 $ — $ 113,178 U.S. government securities 333,323 28 (5) 333,346 Total $ 446,479 $ 50 $ (5) $ 446,524 The amortized cost of investments classified as cash equivalents approximated the fair value due to the short-term nature of the investments. The gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2021 and December 31, 2020, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows (in thousands): March 31, 2021 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. government securities $ 25,479 $ (1) $ — $ — $ 25,479 $ (1) Total $ 25,479 $ (1) $ — $ — $ 25,479 $ (1) December 31, 2020 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. government securities $ 73,609 $ (5) $ — $ — $ 73,609 $ (5) Total $ 73,609 $ (5) $ — $ — $ 73,609 $ (5) The unrealized losses above were caused by interest rate changes. The U.S. government securities are either explicitly or implicitly guaranteed by the U.S. government and are highly rated by major rating agencies. The Company has the ability and intent to hold these investments with unrealized losses for a reasonable period of time sufficient for the recovery of their amortized cost bases, which may be at maturity. The Company determines any realized gains or losses on the sale of marketable debt securities on a specific identification method, and records such gains and losses as a component of other expense, net. The Company does not have any available for sale debt securities for which the Company has recorded credit related losses. The contractual maturities of the Company's investments within customer funds as of March 31, 2021 are as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 377,912 $ 377,976 Due in one to five years — — Total $ 377,912 $ 377,976

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTSThe Company measures its cash equivalents, customer funds, short-term and long-term marketable debt securities, and marketable equity investment at fair value. The Company classifies these investments within Level 1 or Level 2 of the fair value hierarchy because the Company values these investments using quoted market prices or alternative pricing sources and models utilizing market observable inputs. The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are classified as follows (in thousands): March 31, 2021 December 31, 2020 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash Equivalents: Money market funds $ 1,204,799 $ — $ — $ 1,694,736 $ — $ — Mutual funds 18,973 — — — — — U.S. agency securities — — — — 41,186 — Commercial paper — 38,995 — — — — Corporate bonds — 490 — — — — U.S. government securities 7,900 — — 15,000 — — Customer funds: Money market funds 1,655,962 — — 777,193 — — Reverse repurchase agreement 921,906 — — 246,880 — — U.S. agency securities — 39,521 — — 160,478 — U.S. government securities 338,455 — — 445,142 — — Short-term debt securities: U.S. agency securities — 102,533 — — 154,004 — Corporate bonds — 138,028 — — 77,199 — Commercial paper — 80,137 — — 4,999 — Municipal securities — 9,565 — — 10,431 — U.S. government securities 271,206 — — 405,434 — — Foreign government securities — 42,985 — — 43,045 — Long-term debt securities: U.S. agency securities — 122,205 — — 169,278 — Corporate bonds — 284,906 — — 176,014 — Municipal securities — 1,051 — — 1,060 — U.S. government securities 88,168 — — 92,073 — — Foreign government securities — 26,212 — — 25,525 — Other: Investment in marketable equity security 328,384 — — 376,258 — — Total $ 4,835,753 $ 886,628 $ — $ 4,052,716 $ 863,219 $ — The carrying amounts of certain financial instruments, including settlements receivable, accounts payable, customers payable, accrued expenses and settlements payable, approximate their fair values due to their short-term nature. The Company estimates the fair value of its convertible senior notes based on their last actively traded prices (Level 1) or market observable inputs (Level 2). The estimated fair value and carrying value of the convertible senior notes were as follows (in thousands): March 31, 2021 December 31, 2020 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) 2027 Notes $ 566,210 $ 655,305 $ 458,496 $ 644,000 2026 Notes 566,348 647,628 482,204 638,250 2025 Notes 988,082 1,954,240 858,332 1,912,440 2023 Notes 859,575 2,517,931 780,046 2,417,820 2022 Notes 4,674 46,540 7,846 80,731 Total $ 2,984,889 $ 5,821,644 $ 2,586,924 $ 5,693,241 The estimated fair value and carrying value of loans held for sale is as follows (in thousands): March 31, 2021 December 31, 2020 Carrying Value Fair Value (Level 3) Carrying Value Fair Value (Level 3) Loans held for sale $ 742,378 $ 851,262 $ 462,665 $ 467,805 As of March 31, 2021, $692.4 million of the carrying value of loans held for sale was attributable to loans under the PPP. As the loans under the PPP qualify for forgiveness if certain criteria are met or are guaranteed by the U.S. government through the Small Business Administration ("SBA"), the related credit losses as of March 31, 2021 were immaterial. As of March 31, 2021, approximately $201.7 million in PPP loans held for sale have been forgiven by the SBA, of which $155.3 million have been forgiven in the three months ended March 31, 2021. The loan forgiveness resulted in the recognition of $9.4 million revenue associated with the forgiveness of the PPP loans for the three months ended March 31, 2021. For the three months ended March 31, 2021 and 2020, the Company recorded a charge for the excess of amortized cost over fair value of the loans of $0.9 million and $22.0 million, respectively. To determine the fair value of the loans held for sale, the Company utilizes industry-standard valuation modeling, such as discounted cash flow models, taking into account the estimated timing and amounts of periodic repayments. In estimating the expected timing and amounts of the future periodic repayments for the loans outstanding as of March 31, 2021, the Company considered other relevant market data in developing such estimates and assumptions, including the continuing impact of the COVID-19 pandemic. With respect to PPP loans, the Company also considers the impact of government guarantees and loan forgiveness on the timing and amounts of future cash flows. As of March 31, 2021, there were no material changes to our estimates, and the Company will continue to evaluate facts and circumstances that could impact our estimates and affect our results of operations in future periods. If applicable, the Company will recognize transfers into and out of levels within the fair value hierarchy at the end of the reporting period in which the actual event or change in circumstance occurs. During the three months ended March 31, 2021 and 2020, the Company did not have any transfers in or out of Level 1, Level 2, or Level 3 assets or liabilities.

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	PROPERTY AND EQUIPMENT, NET The following is a summary of property and equipment, less accumulated depreciation and amortization (in thousands): March 31, 2021 December 31, 2020 Leasehold improvements $ 182,885 $ 168,125 Computer equipment 143,962 139,174 Capitalized software 127,971 119,452 Office furniture and equipment 39,413 34,890 Total 494,231 461,641 Less: Accumulated depreciation and amortization (248,529) (228,121) Property and equipment, net $ 245,702 $ 233,520

GOODWILL

GOODWILL	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL	GOODWILL Goodwill is recorded when the consideration paid for an acquisition of a business exceeds the fair value of identifiable net tangible and intangible assets acquired. The change in carrying value of goodwill in the period was as follows (in thousands): Balance at December 31, 2020 $ 316,701 Other adjustments (264) Balance at March 31, 2021 $ 316,437 The Company performs an annual goodwill impairment test on December 31 and more frequently if events and circumstances indicate that the asset might be impaired. The Company has two operating and reportable segments, which are Seller and Cash App (defined further in Note 17, Segment and Geographical Information ). The change in carrying value of goodwill allocated to the reportable segments in the period was as follows (in thousands): Cash App Seller Total Balance at December 31, 2020 $ 128,838 $ 187,863 $ 316,701 Other adjustments (264) — (264) Balance at March 31, 2021 $ 128,574 $ 187,863 $ 316,437

ACQUIRED INTANGIBLE ASSETS

ACQUIRED INTANGIBLE ASSETS	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
ACQUIRED INTANGIBLE ASSETS	ACQUIRED INTANGIBLE ASSETS The following table presents the detail of acquired intangible assets as of the periods presented (in thousands): Balance at March 31, 2021 Weighted Average Estimated Useful Life Cost Accumulated Amortization Net Technology assets 5 years $ 119,011 $ (47,372) $ 71,639 Customer assets 11 years 58,375 (12,256) 46,119 Trade name 6 years 18,274 (8,980) 9,294 Other 8 years 5,716 (2,972) 2,744 Total $ 201,376 $ (71,580) $ 129,796 Balance at December 31, 2020 Weighted Average Estimated Useful Life Cost Accumulated Amortization Net Technology assets 5 years $ 119,508 $ (43,084) $ 76,424 Customer assets 11 years 58,556 (10,796) 47,760 Trade name 6 years 18,529 (8,031) 10,498 Other 8 years 5,733 (2,803) 2,930 Total $ 202,326 $ (64,714) $ 137,612 All intangible assets are amortized over their estimated useful lives. The changes to the carrying value of intangible assets were as follows (in thousands): Three Months Ended 2021 2020 Acquired intangible assets, net, beginning of the period $ 137,612 $ 69,079 Acquisitions — 17,009 Amortization expense (6,884) (4,152) Other Adjustments (932) — Acquired intangible assets, net, end of the period $ 129,796 $ 81,936 The estimated future amortization expense of intangible assets in future periods as of March 31, 2021 is as follows (in thousands): Remainder of 2021 $ 20,640 2022 25,493 2023 24,241 2024 21,264 2025 14,436 Thereafter 23,722 Total $ 129,796

OTHER CONSOLIDATED BALANCE SHEE

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT)	OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) Other Current Assets The following table presents the detail of other current assets (in thousands): March 31, 2021 December 31, 2020 Short term investment in marketable equity security (i) $ 328,384 $ — Inventory, net 63,825 61,129 Restricted cash 32,891 30,279 Processing costs receivable 203,837 148,606 Prepaid expenses 53,879 34,279 Accounts receivable, net 60,201 41,960 Other 80,589 66,814 Total $ 823,606 $ 383,067 (i) In December 2020, upon completion of DoorDash Inc's ("DoorDash") initial public offering, the shares of preferred stock held by the Company converted into Class A common stock of DoorDash. The investment is carried at fair value, with changes in fair value being recorded within other income or expense on the condensed consolidated statement of operations. As of March 31, 2021, the investment was reclassified from non-current assets to current assets. Additionally, during the three months ended March 31, 2021, the Company recorded a loss of $28.9 million arising from the revaluation of the investment. Accrued Expenses and Other Current Liabilities The following table presents the detail of accrued expenses and other current liabilities (in thousands): March 31, 2021 December 31, 2020 Accrued expenses $ 174,037 $ 126,710 Square Payroll payable (i) 57,807 16,990 Accrued transaction losses (ii) 48,622 70,557 Accounts payable 51,354 47,089 Deferred revenue, current 47,598 44,908 Current portion of long-term debt 4,687 — Other 64,519 54,596 Total $ 448,624 $ 360,850 (i) Square Payroll payable represents amounts received from Square Payroll product customers that will be utilized to settle the customers' employee payroll and related obligations. (ii) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations. The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands): Three Months Ended 2021 2020 Accrued transaction losses, beginning of the period $ 70,557 $ 34,771 Provision for transaction losses (6,742) 79,303 Charge-offs to accrued transaction losses (15,193) (17,413) Accrued transaction losses, end of the period $ 48,622 $ 96,661 In addition to amounts reflected in the table above, the Company recognized additional provision for transaction losses that were realized and written-off within the same period. The Company recorded $82.1 million and $38.8 million for the three months ended March 31, 2021 and 2020, respectively, for such losses. Other Non-Current Assets The following table presents the detail of other non-current assets (in thousands): March 31, 2021 December 31, 2020 Investment in non-marketable equity securities (i) $ 54,980 $ 32,510 Investment in marketable equity security (ii) — 376,258 Investment in bitcoin, net (iii) 200,140 50,000 Restricted cash 63,509 13,526 Other 33,427 26,956 Total $ 352,056 $ 499,250 (i) Investment in non-marketable equity securities represents the Company's investments in equity of non-public entities. These investments are measured using the measurement alternative and are therefore carried at cost, less impairment, adjusted for observable price changes. (ii) As of March 31, 2021, the fair value of the Company's investment in DoorDash was reclassified to other current assets. (iii) The Company invested $50.0 million and $170.0 million in bitcoin in the fourth quarter of 2020 and the first quarter of 2021, respectively. Bitcoin is accounted for as an indefinite lived intangible asset, and thus, is subject to impairment losses if the fair value of bitcoin decreases below the carrying value during the assessed period. Impairment losses cannot be recovered for any subsequent increase in fair value until the sale of the asset. The Company recorded an impairment charge of $19.9 million in the three months ended March 31, 2021 due to the observed market price of bitcoin decreasing below the carrying value during the period. As of March 31, 2021, the fair value of the investment in bitcoin was $472.0 million based on observable market prices which is $271.9 million in excess of the Company's carrying value of $200.1 million. Other Non-Current Liabilities The following table presents the detail of other non-current liabilities (in thousands): March 31, 2021 December 31, 2020 Statutory liabilities (i) $ 84,298 $ 75,370 Other 8,376 9,921 Total $ 92,674 $ 85,291 (i) Statutory liabilities represent loss contingencies that may arise from the Company's interpretation and application of certain guidelines and rules issued by various federal, state, local, and foreign regulatory authorities.

OTHER CONSOLIDATED BALANCE SH_2

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT)	OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) Other Current Assets The following table presents the detail of other current assets (in thousands): March 31, 2021 December 31, 2020 Short term investment in marketable equity security (i) $ 328,384 $ — Inventory, net 63,825 61,129 Restricted cash 32,891 30,279 Processing costs receivable 203,837 148,606 Prepaid expenses 53,879 34,279 Accounts receivable, net 60,201 41,960 Other 80,589 66,814 Total $ 823,606 $ 383,067 (i) In December 2020, upon completion of DoorDash Inc's ("DoorDash") initial public offering, the shares of preferred stock held by the Company converted into Class A common stock of DoorDash. The investment is carried at fair value, with changes in fair value being recorded within other income or expense on the condensed consolidated statement of operations. As of March 31, 2021, the investment was reclassified from non-current assets to current assets. Additionally, during the three months ended March 31, 2021, the Company recorded a loss of $28.9 million arising from the revaluation of the investment. Accrued Expenses and Other Current Liabilities The following table presents the detail of accrued expenses and other current liabilities (in thousands): March 31, 2021 December 31, 2020 Accrued expenses $ 174,037 $ 126,710 Square Payroll payable (i) 57,807 16,990 Accrued transaction losses (ii) 48,622 70,557 Accounts payable 51,354 47,089 Deferred revenue, current 47,598 44,908 Current portion of long-term debt 4,687 — Other 64,519 54,596 Total $ 448,624 $ 360,850 (i) Square Payroll payable represents amounts received from Square Payroll product customers that will be utilized to settle the customers' employee payroll and related obligations. (ii) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations. The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands): Three Months Ended 2021 2020 Accrued transaction losses, beginning of the period $ 70,557 $ 34,771 Provision for transaction losses (6,742) 79,303 Charge-offs to accrued transaction losses (15,193) (17,413) Accrued transaction losses, end of the period $ 48,622 $ 96,661 In addition to amounts reflected in the table above, the Company recognized additional provision for transaction losses that were realized and written-off within the same period. The Company recorded $82.1 million and $38.8 million for the three months ended March 31, 2021 and 2020, respectively, for such losses. Other Non-Current Assets The following table presents the detail of other non-current assets (in thousands): March 31, 2021 December 31, 2020 Investment in non-marketable equity securities (i) $ 54,980 $ 32,510 Investment in marketable equity security (ii) — 376,258 Investment in bitcoin, net (iii) 200,140 50,000 Restricted cash 63,509 13,526 Other 33,427 26,956 Total $ 352,056 $ 499,250 (i) Investment in non-marketable equity securities represents the Company's investments in equity of non-public entities. These investments are measured using the measurement alternative and are therefore carried at cost, less impairment, adjusted for observable price changes. (ii) As of March 31, 2021, the fair value of the Company's investment in DoorDash was reclassified to other current assets. (iii) The Company invested $50.0 million and $170.0 million in bitcoin in the fourth quarter of 2020 and the first quarter of 2021, respectively. Bitcoin is accounted for as an indefinite lived intangible asset, and thus, is subject to impairment losses if the fair value of bitcoin decreases below the carrying value during the assessed period. Impairment losses cannot be recovered for any subsequent increase in fair value until the sale of the asset. The Company recorded an impairment charge of $19.9 million in the three months ended March 31, 2021 due to the observed market price of bitcoin decreasing below the carrying value during the period. As of March 31, 2021, the fair value of the investment in bitcoin was $472.0 million based on observable market prices which is $271.9 million in excess of the Company's carrying value of $200.1 million. Other Non-Current Liabilities The following table presents the detail of other non-current liabilities (in thousands): March 31, 2021 December 31, 2020 Statutory liabilities (i) $ 84,298 $ 75,370 Other 8,376 9,921 Total $ 92,674 $ 85,291 (i) Statutory liabilities represent loss contingencies that may arise from the Company's interpretation and application of certain guidelines and rules issued by various federal, state, local, and foreign regulatory authorities.

INDEBTEDNESS

INDEBTEDNESS	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
INDEBTEDNESS	INDEBTEDNESS Revolving Credit Facility In May 2020, the Company entered into a revolving credit agreement with certain lenders, which provided a $500.0 million senior unsecured revolving credit facility (the "2020 Credit Facility") maturing in May 2023. On May 28, 2020, the Company amended the credit agreement for the 2020 Credit Facility (the "Credit Agreement") to permit the Company’s wholly owned subsidiary, Square Capital, LLC (“Square Capital”), to incur indebtedness in an aggregate principal amount of up to $500.0 million pursuant to the Paycheck Protection Program Liquidity Facility (“PPPLF”) authorized under the Federal Reserve Act of 1913. In connection with its convertible debt offerings in November 2020, the Company entered into a second amendment to the Credit Agreement on November 9, 2020 to permit convertible debt in an aggregate principal amount not to exceed $3.6 billion. On January, 28, 2021, the Company entered into a third amendment to the Credit Agreement to increase the amount of indebtedness that Square Capital is permitted to incur pursuant to the PPPLF from an aggregate principal amount of up to $500 million to an aggregate principal amount of up to $1.0 billion. The Credit Agreement also contains a financial covenant that requires the Company to maintain a quarterly minimum liquidity amount (consisting of the sum of Unrestricted cash and Cash Equivalents plus Marketable Securities, each as defined in the Credit Agreement) of at least $250.0 million, tested on a quarterly basis. The Company is obligated to pay customary fees for a credit facility of this size and type including an unused commitment fee of 0.15%. To date no funds have been drawn and no letters of credit have been issued under the 2020 Credit Facility. As of March 31, 2021, $500.0 million remained available for draw. The Company incurred $0.2 million and $0.1 million in unused commitment fees during the three months ended March 31, 2021 and 2020, respectively. As of March 31, 2021, the Company was in compliance with all financial covenants associated with the 2020 Credit Facility. Loans under the 2020 Credit Facility bear interest at the Company's option of (i) a base rate based on the highest of the prime rate, the federal funds rate plus 0.50%, and the adjusted LIBOR rate plus 1.00%, in each case, plus a margin ranging from 0.25% to 0.75% or (ii) an adjusted LIBOR rate plus a margin ranging from 1.25% to 1.75%. The Credit Agreement includes provisions allowing the Company to replace or update LIBOR with a replacement rate. The margin is determined based on the Company’s total leverage ratio, as defined in the Credit Agreement. The Credit Agreement also contains customary affirmative and negative covenants typical for a financing of this type that, among other things, restricts the Company and certain of its subsidiaries’ ability to incur additional indebtedness, create liens, merge or consolidate or make certain dispositions, pay dividends and make distributions, enter into restrictive agreements, enter into agreements with affiliates, and make certain investments and acquisitions. Paycheck Protection Program Liquidity Facility On June 2, 2020, Square Capital was approved to borrow under the PPPLF with the Federal Reserve Bank of San Francisco (“First PPPLF Agreement”) at an annual interest rate of 0.35%. The PPPLF extends credit to eligible financial institutions that have originated or purchased PPP loans. Advances under the PPPLF are non-recourse and are secured by a pledge of PPP loans held by Square Capital. The maturity date of any PPPLF loan will be the maturity date of the PPP loans pledged to secure such PPPLF loan. The maturity date of any PPPLF loan will be accelerated on and to the extent of (i) the date of any loan forgiveness reimbursement by the SBA for any PPP loan securing such PPPLF loan; or (ii) the date of purchase by the SBA from Square Capital of any PPP loan securing such PPPLF loan to realize on the SBA’s guarantee of such PPP loan. The maturity date of all PPPLF loans shall be accelerated upon the occurrence of certain events of default by Square Capital, including but not limited to the failure to comply with a requirement of the PPPLF agreement or any representation, warranty, or covenant of Square Capital under the PPPLF agreement being inaccurate on or as of the date it is deemed to be made or on any date on which an PPPLF loan remains outstanding. The Company can also at its option prepay the advances in full or in part without penalty. Square Capital also shall prepay PPPLF loans so that the amount of any PPPLF loans outstanding does not exceed the outstanding amount of PPP loans pledged to secure such PPPLF loans. On January 29, 2021, Square Capital entered into a second PPPLF agreement with the Federal Reserve Bank of San Francisco (“Second PPPLF Agreement”) to secure additional credit collateralized by loans from the subsequent rounds of the PPP program in an aggregate principal amount of up to $1.0 billion under both PPPLF agreements. As of March 31, 2021, $764.2 million of PPPLF advances were outstanding and collateralized by the same value of PPP loans. Convertible Senior Notes due in 2026 and 2027 On November 13, 2020, the Company issued an aggregate principal amount of $1.15 billion of convertible senior notes comprised of $575.0 million of convertible senior notes due 2026 ("2026 Notes") and $575.0 million of convertible senior notes due 2027 ("2027 Notes"). The 2026 Notes mature on May 1, 2026, unless earlier converted or repurchased, and bears a zero rate of interest. The 2027 Notes mature on November 1, 2027, unless earlier converted or repurchased, and bear interest at a rate of 0.25% payable semi-annually on May 1 and November 1 of each year. Both the 2026 Notes and 2027 Notes are convertible at an initial conversion rate of 3.3430 shares of the Company's Class A common stock per $1,000 principal amount, which is equivalent to an initial conversion price of approximately $299.13 per share of Class A common stock. Holders may convert their relevant series of notes at any time prior to the close of business on the business day immediately preceding February 1, 2026 and August 1, 2027 for the 2026 Notes and 2027 Notes, respectively, only under the following circumstances: (1) during any calendar quarter, commencing after the calendar quarter ending on March 31, 2021 (and only during such calendar quarter), if the last reported sale price of the Company’s Class A common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the "measurement period") in which the trading price (as defined in the indenture governing the 2026 Notes and 2027 Notes) per $1,000 principal amount of 2026 Notes and 2027 Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the Company’s Class A common stock and the conversion rate on each such trading day; (3) if the Company calls any or all of the 2026 Notes and 2027 Notes for redemption, such relevant series of notes called for redemption may be converted at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date; or (4) upon the occurrence of specified corporate events, including certain distributions, the occurrence of a fundamental change (as defined in the indenture governing the 2026 Notes and 2027 Notes) or a transaction resulting in the Company’s Class A common stock converting into other securities or property or assets. In addition, upon occurrence of the specified corporate events prior to the maturity date, the Company would increase the conversion rate for a holder who elects to convert their relevant series of notes in connection with such an event in certain circumstances. On or after February 1, 2026 in the case of the 2026 Notes, and on or after August 1, 2027 in the case of the 2027 Notes, up until the close of business on the second scheduled trading day immediately preceding the maturity date, a holder of the relevant series of notes may convert all or any portion of its 2026 Notes or 2027 Notes regardless of the foregoing circumstances. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of its Class A common stock, or a combination of cash and shares of its Class A common stock, at the Company’s election. The circumstances required to allow the holders to convert their 2026 Notes and 2027 Notes were not met during the three months ended March 31, 2021. On or after November 5, 2023 for the 2026 Notes, and on or after November 5, 2024 for the 2027 Notes, the Company may redeem all or a portion of each series of notes for cash at its option, if the last reported sale price of the Company's Class A common stock has been at least 130% of the conversion price for the relevant series of notes then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the 2026 Notes and 2027 Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. In accounting for the issuance of the 2026 Notes and 2027 Notes, prior to the adoption of ASU No. 2020-06, the Company separated the relevant series of notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar debt instrument that does not have an associated convertible feature. The carrying amount of the equity component representing the conversion option was $198.0 million and was determined by deducting the fair value of the liability component from the par value of the 2026 Notes and the 2027 Notes. The equity component was not re-measured as long as it continued to meet the conditions for equity classification. The excess of the principal amount of the liability component over its carrying amount ("debt discount") was amortized to interest expense at an effective interest rate of 3.35% and 3.66% for the 2026 Notes and 2027 Notes, respectively. Upon adoption of ASU No. 2020-06 on January 1, 2021, the Company reversed the separation of the debt and equity components and accounted for the Notes wholly as debt. The Company also reversed the amortization of the debt discount, with a cumulative adjustment to retained earnings on the adoption date. Debt issuance costs related to the 2026 Notes and 2027 Notes were comprised of discounts and commissions payable to the initial purchasers of $17.5 million and third party offering costs of $1.0 million. Prior to the adoption of ASU No. 2020-06, the Company allocated the total amount incurred to the liability and equity components of the 2026 Notes and 2027 Notes based on their relative values. Issuance costs attributable to the liability component were $15.4 million and were amortized to interest expense using the effective interest method. Issuance costs attributable to the equity component were netted with the equity component in stockholders’ equity. Upon adoption of ASU No. 2020-06 on January 1, 2021, the Company reversed the allocation of the issuance costs to the equity component and accounted for the entire amount as debt issuance cost that will be amortized as interest expense at an effective interest rate of 0.49% and 0.30% for each of the respective terms of the 2026 Notes and 2027 Notes, respectively, with a cumulative adjustment to retained earnings on the adoption date. Upon adoption of ASU No. 2020-06, the difference between the estimated fair value and the carrying value upon conversion will be accounted for as a reduction to the related debt issuance costs, with the remainder recognized as additional paid in capital to reflect the par value of the shares issued. As of March 31, 2021, there has been no principal converted on either the 2026 Notes or 2027 Notes. As of March 31, 2021, the if-converted value of the 2026 Notes and 2027 Notes did not exceed the outstanding principal amount. Convertible Senior Notes due in 2025 On March 5, 2020, the Company issued an aggregate principal amount of $1.0 billion of convertible senior notes ("2025 Notes"). The 2025 Notes mature on March 1, 2025, unless earlier converted or repurchased, and bear interest at a rate of 0.1250% payable semi-annually on March 1 and September 1 of each year. The 2025 Notes are convertible at an initial conversion rate of 8.2641 shares of the Company's Class A common stock per $1,000 principal amount of 2025 Notes, which is equivalent to an initial conversion price of approximately $121.01 per share of Class A common stock. Holders may convert their 2025 Notes at any time prior to the close of business on the business day immediately preceding December 1, 2024 only under the following circumstances: (1) during any calendar quarter, commencing after the calendar quarter ending on June 30, 2020 (and only during such calendar quarter), if the last reported sale price of the Company’s Class A common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the "measurement period") in which the trading price (as defined in the indenture governing the 2025 Notes) per $1,000 principal amount of 2025 Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the Company’s Class A common stock and the conversion rate on each such trading day; (3) if the Company calls any or all of the 2025 Notes for redemption, such 2025 Notes called for redemption may be converted at any time prior to the close of business on the scheduled trading day immediately preceding the redemption date; or (4) upon the occurrence of specified corporate events, including certain distributions, the occurrence of a fundamental change (as defined in the indenture governing the 2025 Notes) or a transaction resulting in the Company’s Class A common stock converting into other securities or property or assets. In addition, upon occurrence of the specified corporate events prior to the maturity date, the Company would increase the conversion rate for a holder who elects to convert their 2025 Notes in connection with such an event in certain circumstances. On or after December 1, 2024, up until the close of business on the second scheduled trading day immediately preceding the maturity date, a holder may convert all or any portion of its 2025 Notes regardless of the foregoing circumstances. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of its Class A common stock, or a combination of cash and shares of its Class A common stock, at the Company’s election. The Company may redeem for cash all or any part of the 2025 Notes, at its option, on or after March 5, 2023, if the last reported sale price of the Company's Class A common stock has been at least 130% of the conversion price for the 2025 Notes then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption at a redemption price equal to 100% of the principal amount of the 2025 Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. The circumstances to allow the holders to convert their 2025 Notes were met in the first quarter of 2021. In accounting for the issuance of the 2025 Notes, prior to the adoption of ASU No. 2020-06, the Company separated the 2025 Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar debt instrument that does not have an associated convertible feature. The carrying amount of the equity component representing the conversion option was $154.6 million and was determined by deducting the fair value of the liability component from the par value of the 2025 Notes. The equity component is not remeasured as long as it continues to meet the conditions for equity classification. The excess of the principal amount of the liability component over its carrying amount ("debt discount") is amortized to interest expense over the term of the 2025 Notes at an effective interest rate of 3.81% over the contractual terms of the 2025 Notes. Upon adoption of ASU No. 2020-06 on January 1, 2021, the Company reversed the separation of the debt and equity components and accounted for the 2025 Notes wholly as debt. The Company also reversed the amortization of the debt discount, with a cumulative adjustment to retained earnings on the adoption date. Debt issuance costs related to the 2025 Notes were comprised of discounts and commissions payable to the initial purchasers of $14.3 million and third party offering costs of $0.9 million. Prior to the adoption of ASU No. 2020-06, the Company allocated the total amount incurred to the liability and equity components of the 2025 Notes based on their relative values. Issuance costs attributable to the liability component were $12.8 million and will be amortized to interest expense using the effective interest method over the contractual term. Issuance costs attributable to the equity component were netted with the equity component in stockholders’ equity. Upon adoption of ASU No. 2020-06 on January 1, 2021, the Company reversed the allocation of the issuance costs to the equity component and accounted for the entire amount as debt issuance cost that will be amortized as interest expense over the remaining term at an effective interest rate of 0.43% for the 2025 Notes with a cumulative adjustment to retained earnings on the adoption date. Upon adoption of ASU No. 2020-06, the difference between the estimated fair value and the carrying value upon conversion will be accounted for as a reduction to the related debt issuance costs, with the remainder recognized as additional paid in capital to reflect the par value of the shares issued. As of March 31, 2021, there has been no principal converted on the 2025 Notes. As of March 31, 2021, the if-converted value of the 2025 Notes exceeded the outstanding principal amount by $876.4 million. Convertible Senior Notes due in 2023 On May 25, 2018, the Company issued an aggregate principal amount of $862.5 million of convertible senior notes ("2023 Notes"). The 2023 Notes mature on May 15, 2023, unless earlier converted or repurchased, and bear interest at a rate of 0.50% payable semi-annually on May 15 and November 15 of each year. The 2023 Notes are convertible at an initial conversion rate of 12.8456 shares of the Company's Class A common stock per $1,000 principal amount of 2023 Notes, which is equivalent to an initial conversion price of approximately $77.85 per share of Class A common stock. Holders may convert their 2023 Notes at any time prior to the close of business on the business day immediately preceding February 15, 2023 only under the following circumstances: (1) during any calendar quarter (and only during such calendar quarter), if the last reported sale price of the Company’s Class A common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the "measurement period") in which the trading price (as defined in the indenture governing the 2023 Notes) per $1,000 principal amount of 2023 Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the Company’s Class A common stock and the conversion rate on each such trading day; or (3) upon the occurrence of specified corporate events, including certain distributions, the occurrence of a fundamental change (as defined in the indenture governing the 2023 Notes) or a transaction resulting in the Company’s Class A common stock converting into other securities or property or assets. On or after February 15, 2023, up until the close of business on the second scheduled trading day immediately preceding the maturity date, a holder may convert all or any portion of its 2023 Notes regardless of the foregoing circumstances. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of its Class A common stock, or a combination of cash and shares of its Class A common stock, at the Company’s election. The Company will reevaluate this policy from time to time as conversion notices are received from holders of the 2023 Notes. The circumstances to allow the holders to convert their 2023 Notes were met in the fourth quarter of 2020 and continued to be met through March 31, 2021. As of March 31, 2021, the aggregate principal amount of 2023 Notes converted by certain holders of the 2023 Notes was immaterial. In accounting for the issuance of the 2023 Notes, prior to the adoption of ASU No. 2020-06, the Company separated the 2023 Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar debt instrument that does not have an associated convertible feature. The carrying amount of the equity component representing the conversion option was $155.3 million and was determined by deducting the fair value of the liability component from the par value of the 2023 Notes. The equity component is not re-measured as long as it continues to meet the conditions for equity classification. The excess of the principal amount of the liability component over its carrying amount ("debt discount") is amortized to interest expense over the term of the 2023 Notes at an effective interest rate of 4.69% over the contractual terms of the 2023 Notes. Upon adoption of ASU No. 2020-06 on January 1, 2021, the Company reversed the separation of the debt and equity components and accounted for the 2023 Notes wholly as debt. The Company also reversed the amortization of the debt discount, with a cumulative adjustment to retained earnings on the adoption date. Debt issuance costs related to the 2023 Notes comprised of discounts and commissions payable to the initial purchasers of $6.0 million and third party offering costs of $0.8 million. Prior to the adoption of ASU No. 2020-06, the Company allocated the total amount incurred to the liability and equity components of the 2023 Notes based on their relative values. Issuance costs attributable to the liability component were $5.6 million and will be amortized to interest expense using the effective interest method over the contractual term. Issuance costs attributable to the equity component were netted with the equity component in stockholders’ equity. Upon adoption of ASU No. 2020-06 on January 1, 2021, the Company reversed the allocation of the issuance costs to the equity component and accounted for the entire amount as debt issuance cost that will be amortized as interest expense over the remaining term at an effective interest rate of 0.66% for the 2023 Notes with a cumulative adjustment to retained earnings on the adoption date. Upon adoption of ASU No. 2020-06, the difference between the estimated fair value and the carrying value upon conversion will be accounted for as a reduction to the related debt issuance costs, with the remainder recognized as additional paid in capital to reflect the par value of the shares issued. As of March 31, 2021, there was an immaterial amount of principal converted on the 2023 Notes. As of March 31, 2021, the if-converted value of the 2023 Notes exceeded the outstanding principal amount by $1.7 billion. Convertible Senior Notes due in 2022 On March 6, 2017, the Company issued an aggregate principal amount of $440.0 million of convertible senior notes ("2022 Notes"). The 2022 Notes mature on March 1, 2022, unless earlier converted or repurchased, and bear interest at a rate of 0.375% payable semi-annually on March 1 and September 1 of each year. The 2022 Notes are convertible at an initial conversion rate of 43.5749 shares of the Company's Class A common stock per $1,000 principal amount of 2022 Notes, which is equivalent to an initial conversion price of approximately $22.95 per share of Class A common stock. Holders may convert their 2022 Notes at any time prior to the close of business on the business day immediately preceding December 1, 2021 only under the following circumstances: (1) during any calendar quarter (and only during such calendar quarter), if the last reported sale price of the Company’s Class A common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than or equal to 130% of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the "measurement period") in which the trading price (as defined in the indenture governing the 2022 Notes) per $1,000 principal amount of 2022 Notes for each trading day of the measurement period was less than 98% of the product of the last reported sale price of the Company’s Class A common stock and the conversion rate on each such trading day; or (3) upon the occurrence of specified corporate events, including certain distributions, the occurrence of a fundamental change (as defined in the indenture governing the 2022 Notes) or a transaction resulting in the Company’s Class A common stock converting into other securities or property or assets. On or after December 1, 2021, up until the close of business on the second scheduled trading day immediately preceding the maturity date, a holder may convert all or any portion of its 2022 Notes regardless of the foregoing circumstances. Upon conversion, the Company will pay or deliver, as the case may be, cash, shares of its Class A common stock, or a combination of cash and shares of its Class A common stock, at the Company’s election. The circumstances required to allow the holders to convert their 2022 Notes were met in the fourth quarter of 2017 and continued to be met through March 31, 2021. As of March 31, 2021, certain holders of the 2022 Notes have converted an aggregate principal amount of $435.3 million of their Notes, of which $3.8 million was converted during the three months ended March 31, 2021. The Company has settled the conversions through a combination of $219.4 million in cash and issuance of 16.3 million shares of the Company's Class A common stock. The conversions during the three months ended March 31, 2021 were settled entirely in shares of the Company's Class A common stock. The Company will reevaluate this policy from time to time as conversion notices are received from holders of the 2022 Notes. In accounting for the issuance of the 2022 Notes, prior to the adoption of ASU No. 2020-06, the Company separated the 2022 Notes into liability and equity components. The carrying amount of the liability component was calculated by measuring the fair value of a similar debt instrument that does not have an associated convertible feature. The carrying amount of the equity component representing the conversion option was $86.2 million and was determined by deducting the fair value of the liability component from the par value of the 2022 Notes. The equity component is not re-measured as long as it continues to meet the conditions for equity classification. The debt discount is amortized to interest expense over the term of the 2022 Notes at an effective interest rate of 5.34% over the contractual terms of the 2022 Notes. Upon adoption of ASU No. 2020-06 on January 1, 2021, the Company reversed the separation of the debt and equity components and accounted for the 2022 Notes wholly as debt. The Company also reversed the amortization of the debt discount, with a cumulative adjustment to retained earnings on the adoption date. Debt issuance costs related to the 2022 Notes comprised of discounts and commissions payable to the initial purchasers of $11.0 million and third party offering costs of $0.8 million. Prior to the adoption of ASU No. 2020-06, the Company allocated the total amount incurred to the liability and equity components of the 2022 Notes based on their relative values. Issuance costs attributable to the liability component were $9.4 million and will be amortized to interest expense using the effective interest method over the contractual term. Issuance costs attributable to the equity component were netted with the equity component in stockholders’ equity. Upon adoption of ASU No. 2020-06 on January 1, 2021, the Company reversed the allocation of the issuance costs to the equity component and accounted for the entire amount as debt issuance cost that will be amortized as interest expense over the remaining term at an effective interest rate of 0.93% for the 2022 Notes with a cumulative adjustment to retained earnings on the adoption date. Prior to the adoption of ASU No. 2020-06, the debt component associated with the 2022 Notes that were converted was accounted for as an extinguishment of debt, with the Company recording loss on extinguishment as the difference between the estimated fair value and the carrying value of such 2022 Notes. The equity component associated with the 2022 Notes that were converted was accounted for as a reacquisition of equity upon the conversion of such 2022 Notes. Upon adoption of ASU No. 2020-06, the difference between the estimated fair value and the carrying value upon conversion was accounted for as a reduction to the related debt issuance costs, with the remainder recognized as additional paid in capital to reflect the par value of the shares issued. There no longer is a gain or loss on extinguishment of debt recognized upon conversion, as the debt is settled in equity. As of March 31, 2021, the if-converted value of the 2022 Notes exceeded the outstanding principal amount by $41.9 million. The net carrying amount of the Notes were as follows (in thousands): Principal outstanding Unamortized debt issuance costs Net carrying value March 31, 2021 2027 Notes $ 575,000 $ (8,790) $ 566,210 2026 Notes 575,000 (8,652) 566,348 2025 Notes 1,000,000 (11,918) 988,082 2023 Notes 862,500 (2,925) 859,575 2022 Notes 4,698 (24) 4,674 Total $ 3,017,198 $ (32,309) $ 2,984,889 As discussed above, upon the adoption of ASU No. 2020-06, the Company reversed the separation of the debt and equity components of the notes, and accounted for the Notes wholly as debt. Additionally, the issuance costs of the Notes were accounted for as debt issuance costs in its entirety. Refer to Note 1, Description of Business and Summary of Significant Accounting Policies for further details on the impact of adoption. Principal outstanding Unamortized debt discount Unamortized debt issuance costs Net carrying value December 31, 2020 2027 Notes $ 575,000 $ (109,134) $ (7,370) $ 458,496 2026 Notes 575,000 (85,085) (7,711) 482,204 2025 Notes 1,000,000 (130,335) (11,333) 858,332 2023 Notes 862,500 (79,980) (2,474) 780,046 2022 Notes 8,545 (629) (70) 7,846 Total $ 3,021,045 $ (405,163) $ (28,958) $ 2,586,924 The net carrying amount of the equity component of the Notes as of December 31, 2020 were as follows (in thousands): Amount allocated to conversion option Less: Equity component, net December 31, 2020 2027 Notes $ 111,000 $ (1,793) $ 109,207 2026 Notes 87,000 (1,405) 85,595 2025 Notes 154,600 (2,342) 152,258 2023 Notes 155,250 (1,231) 154,019 2022 Notes 1,674 (45) 1,629 Total $ 509,524 $ (6,816) $ 502,708 The Company recognized interest expense on the Notes as follows (in thousands): Three Months En

INCOME TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The Company recorded an income tax expense of $0.9 million for the three months ended March 31, 2021 compared to an income tax expense of $0.5 million for the three months ended March 31, 2020. The income tax expense recorded for the three months ended March 31, 2021 is primarily due to foreign income tax expense net of excess stock-based compensation tax deductions. The difference between the income tax expense for the three months ended March 31, 2021 and the income tax expense for the three months ended March 31, 2020 primarily relates to the increase in income taxes from the Company's profitable foreign jurisdictions. The Company’s effective tax rate may be subject to fluctuations during the year as new information is obtained, which may affect the assumptions used to estimate the annual effective tax rate, including factors such as the mix of forecasted pre-tax earnings in the various jurisdictions in which the Company operates, changes in valuation allowances against deferred tax assets, the recognition and de-recognition of tax benefits related to uncertain tax positions, and changes in or the interpretation of tax laws in jurisdictions where the Company conducts business. As of March 31, 2021, the Company retains a full valuation allowance on its net deferred tax assets in the U.S. and certain foreign jurisdictions. The realization of the Company’s deferred tax assets depends primarily on its ability to generate taxable income in future periods. The amount of deferred tax assets considered realizable in future periods may change as management continues to reassess the underlying factors it uses in estimating future taxable income. The tax provision for the three months ended March 31, 2021 and March 31, 2020, is calculated on a jurisdictional basis. The Company estimated the foreign income tax provision using the estimated annual effective income tax rate expected to be applicable for the full year.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY Common Stock The Company has authorized the issuance of Class A common stock and Class B common stock. Holders of shares of Class A common stock are entitled to one vote per share, while holders of shares of Class B common stock are entitled to ten votes per share. Shares of the Company's Class B common stock are convertible into an equivalent number of shares of its Class A common stock and generally convert into shares of its Class A common stock upon transfer. The holders of Class A common stock and Class B common stock have no preemptive or other subscription rights and there are no redemption or sinking fund provisions with respect to such shares. Class A common stock and Class B common stock are referred to as "common stock" throughout these Notes to the Condensed Consolidated Financial Statements, unless otherwise noted. As of March 31, 2021, the Company was authorized to issue 1,000,000,000 shares of Class A common stock and 500,000,000 shares of Class B common stock, each with a par value of $0.0000001 per share. As of March 31, 2021, there were 390,680,544 shares of Class A common stock and 63,987,897 shares of Class B common stock outstanding. Options and awards granted following the Company's initial public offering are related to underlying Class A common stock. Warrants In conjunction with the 2022 Notes offering, the Company sold the 2022 warrants whereby the counterparties have the option to purchase a total of approximately 19.2 million shares of the Company’s Class A common stock at a price of $31.18 per share, and expire on June 1, 2022. None of the warrants were exercised as of March 31, 2021. In conjunction with the 2023 Notes offering, the Company sold the 2023 warrants whereby the counterparties have the option to purchase a total of approximately 11.1 million shares of the Company’s Class A common stock at a price of $109.26 per share, and expire on August 15, 2023. None of the warrants were exercised as of March 31, 2021. In conjunction with the 2025 Notes offering, the Company sold the 2025 warrants whereby the counterparties have the option to purchase a total of approximately 8.3 million shares of the Company’s Class A common stock at a price of $161.34 per share, and expire on June 1, 2025. None of the warrants were exercised as of March 31, 2021. In conjunction with the 2026 Notes offering, the Company sold the 2026 warrants whereby the counterparties have the option to purchase a total of approximately 1.9 million shares of the Company’s Class A common stock at a price of $368.16 per share, and expire on August 1, 2026. None of the warrants were exercised as of March 31, 2021. In conjunction with the 2027 Notes offering, the Company sold the 2027 warrants whereby the counterparties have the option to purchase a total of approximately 1.9 million shares of the Company’s Class A common stock at a price of $414.18 per share, and expire on February 1, 2028. None of the warrants were exercised as of March 31, 2021. Conversion of Notes and Exercise of Convertible Note Hedges In connection with the conversion of the 2022 Notes, the Company issued 16.3 million shares of Class A common stock, of which 0.2 million shares were issued in the three months ended March 31, 2021. The Company also exercised a pro-rata portion of the 2022 convertible note hedges and received 14.7 million shares of Class A common stock from the 2017 Counterparties to offset the shares issued, of which 5.3 million shares were received in the three months ended March 31, 2021. In connection with the conversion of the 2023 Notes, the Company issued an immaterial amount of shares of Class A common stock in the three months ended March 31, 2021. Stock Plans The Company maintains two share-based employee compensation plans: the 2009 Stock Plan (2009 Plan) and the 2015 Equity Incentive Plan (2015 Plan). The 2015 Plan serves as the successor to the 2009 Plan. The 2015 Plan became effective as of November 17, 2015. Outstanding awards under the 2009 Plan continue to be subject to the terms and conditions of the 2009 Plan. Since November 17, 2015, no additional awards have been nor will be granted in the future under the 2009 Plan. Under the 2015 Plan, shares of the Company's Class A common stock are reserved for the issuance of incentive and nonstatutory stock options (ISOs and NSOs, respectively), restricted stock awards (RSAs), restricted stock units (RSUs), performance shares, and stock bonuses to qualified employees, directors, and consultants. The awards must be granted at a price per share not less than the fair market value at the date of grant. Initially, 30,000,000 shares were reserved under the 2015 Plan and any shares subject to options or other similar awards granted under the 2009 Plan that expire, are forfeited, are repurchased by the Company or otherwise terminate unexercised, will become available under the 2015 Plan. The number of shares available for issuance under the 2015 Plan has been and will be increased on the first day of each fiscal year, in an amount equal to the least of (i) 40,000,000 shares, (ii) 5% of the outstanding shares on the last day of the immediately preceding fiscal year, or (iii) such number of shares determined by the administrator of the Plan. The administrator consists of the Board of Directors who then delegates the responsibilities to the Compensation Committee. As of March 31, 2021, the total number of shares subject to stock options, RSAs and RSUs outstanding under the 2015 Plan was 16,874,534, and 121,543,822 shares were available for future issuance. As of March 31, 2021, the total number of shares subject to stock options, RSAs and RSUs outstanding under the 2009 Plan was 8,404,227. A summary of stock option activity for the three months ended March 31, 2021 is as follows (in thousands, except share and per share data): Number of Stock Options Outstanding Weighted Weighted Aggregate Balance at December 31, 2020 13,630,882 $ 17.84 3.84 $ 2,723,394 Exercised (2,592,301) 12.69 Balance at March 31, 2021 11,038,581 $ 19.06 4.18 $ 2,295,969 Options exercisable as of March 31, 2021 9,605,627 $ 12.66 3.51 $ 2,059,368 Restricted Stock Activity Activity related to RSAs and RSUs during the three months ended March 31, 2021 is set forth below: Number of Weighted Unvested as of December 31, 2020 15,622,645 $ 71.71 Granted 571,632 202.58 Vested (1,744,585) 53.27 Forfeited (209,512) 78.71 Unvested as of March 31, 2021 14,240,180 $ 79.12 Share-Based Compensation The fair value of stock options and employee stock purchase plan rights are estimated on the date of grant using the Black-Scholes-Merton option valuation model. The fair value of RSAs and RSUs is determined by the closing price of the Company’s common stock on each grant date. The following table summarizes the effects of share-based compensation on the Company's condensed consolidated statements of operations (in thousands): Three Months Ended 2021 2020 Cost of revenue $ 99 $ 76 Product development 86,895 57,400 Sales and marketing 10,880 6,407 General and administrative 20,749 13,420 Total $ 118,623 $ 77,303 The Company recorded $8.8 million and $4.7 million of share-based compensation expense related to the Company's 2015 Employee Stock Purchase Plan during the three months ended March 31, 2021 and 2020, respectively, which are included in the table above. The Company capitalized $3.4 million and $2.3 million of share-based compensation expense related to capitalized software costs during the three months ended March 31, 2021 and 2020, respectively.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE	NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is computed by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted net income per share is computed by dividing net income by the weighted-average number of shares of common stock outstanding adjusted for the dilutive effect of all potential shares of common stock. In periods when the Company reported a net loss, diluted net loss per share is the same as basic net loss per share because the effects of potentially dilutive items were anti-dilutive. The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data): Three Months Ended 2021 2020 Numerator: Net income (loss) $ 39,008 $ (105,891) Denominator: Basic shares: Weighted-average common shares outstanding 455,414 435,680 Weighted-average unvested shares (441) (740) Weighted-average shares used to compute basic net income (loss) per share: 454,973 434,940 Diluted shares: Stock options, restricted stock, and employee stock purchase plan 20,972 — Convertible senior notes 322 — Common stock warrants 25,086 — Weighted-average shares used to compute diluted net income (loss) per share: 501,353 434,940 Net income (loss) per share: Basic $ 0.09 $ (0.24) Diluted $ 0.08 $ (0.24) The following potential common shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands): Three Months Ended 2021 2020 Stock options, restricted stock, and employee stock purchase plan 6,109 36,042 Common stock warrants 17,275 32,613 Convertible senior notes 3,845 22,478 Total anti-dilutive securities 27,229 91,133

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2021
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In July 2019, the Company entered into a lease agreement to lease certain office space located in St. Louis, Missouri, from an affiliate of one of the Company’s co-founders and current member of its board and directors, Mr. Jim McKelvey, under an operating lease agreement as discussed in Note 16, Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Operating and Finance Leases The Company’s operating leases are primarily comprised of office facilities, with the most significant leases relating to corporate headquarters in San Francisco, and offices in Oakland, St. Louis and New York. The Company's leases have remaining lease terms of 1 year to 16 years, some of which include options to extend for 5-year terms, or include options to terminate the leases within 1 year. None of the options to extend the leases have been included in the measurement of the right-of-use asset or the associated lease liability. The Company elected to apply the short-term lease measurement and recognition exemption to its leases where applicable. Generally, operating lease right-of-use assets and operating lease liabilities are recognized at the present value of the future lease payments, generally for the base non-cancellable lease term on the lease commencement date of each lease. The interest rate used to determine the present value of the future lease payments is the Company's incremental borrowing rate because the interest rate implicit in most of the Company's leases is not readily determinable. The Company's incremental borrowing rate is estimated to approximate the interest rate that the Company would pay to borrow on a collateralized basis with similar terms and payments as the lease, and in economic environments where the leased asset is located. Operating lease right-of-use assets also include any prepaid lease payments and lease incentives. The Company's lease agreements generally contain lease and non-lease components. Non-lease components, which primarily include payments for maintenance and utilities, are combined with lease payments and accounted for as a single lease component. The Company includes the fixed non-lease components in the determination of the right-of-use assets and operating lease liabilities. The Company records the amortization of the right-of-use asset and the accretion of lease liability as a component of rent expense in the condensed consolidated statement of operations. In July 2019, the Company entered into a lease arrangement for 226,185 square feet of office space in St Louis, Missouri, with an affiliate of one of the Company’s co-founders, Mr. Jim McKelvey, who is also a Company stockholder and a member of its board of directors, for a term of 15.5 years with options to extend the lease term for two 5 year terms. The Company also has an option to terminate the lease for up to 50% of the leased space any time between January 1, 2024 and December 31, 2026, as well as an option to terminate the lease for the entire property on January 1, 2034. Termination penalties specified in the lease agreement will apply if the Company exercises any of the options to terminate the lease. The lease commencement date varies by floor beginning in May 2020 with total future minimum lease payments over the term of approximately $42.7 million. Refer to Note 15, Related Party Transactions for further details . There were no finance lease obligations as of March 31, 2021. The components of lease expense for the periods presented were as follows (in thousands): Three Months Ended 2021 2020 Fixed operating lease costs $ 20,432 $ 15,125 Variable operating lease costs 3,508 5,724 Short term lease costs 388 1,856 Sublease income (2,625) (1,437) Amortization of finance lease right-of-use assets — 1,054 Total lease costs $ 21,703 $ 22,322 Other information related to leases were as follows: March 31, 2021 Weighted Average Remaining Lease Term: Operating leases 8.5 years Weighted Average Discount Rate: Operating leases 4 % Cash flows related to leases were as follows (in thousands): Three Months Ended 2021 2020 Cash flows from operating activities: Payments for operating lease liabilities $ (18,250) $ (9,570) Cash flows from financing activities: Principal payments on finance lease obligation $ — $ (1,054) Supplemental Cash Flow Data: Right-of-use assets obtained in exchange for operating lease obligations $ 22,715 $ 255,553 Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2021 are as follows (in thousands): Operating Year: Remainder of 2021 $ 53,124 2022 79,498 2023 73,060 2024 54,291 2025 49,424 Thereafter 241,098 Total $ 550,495 Less: amount representing interest 80,806 Less: lease incentives 13,835 Total $ 455,854 Litigation The Company is currently subject to, and may in the future be involved in, various litigation matters, legal claims, and investigations. The Company is subject to various legal matters and disputes arising in the ordinary course of business. The Company cannot at this time fairly estimate a reasonable range of exposure, if any, of the potential liability with respect to these matters. Although occasional adverse decisions or settlements may occur, the Company does not believe that the final disposition of any of these matters will have a material adverse effect on its results of operations, financial position, or liquidity. The Company cannot give any assurance regarding the ultimate outcome of these other matters, and their resolution could be material to the Company's operating results for any particular period. Other contingencies On June 15, 2020, the Texas Comptroller’s Office (the “Comptroller”) informed the Company that it had completed its sales and use tax audit for the period from January 1, 2015 through April 30, 2018, and that it would issue a written tax assessment to the Company seeking $38 million, including interest and penalties for this tax audit period. To date, such a written assessment has not been received. The Comptroller indicated that it believes the services that the Company has deemed to be nontaxable should be subject to sales tax. The Company believes the Comptroller’s position is without merit. Should the Company not prevail, the Company could be obligated to pay additional taxes together with associated penalties and interest for the audited tax period, as well as additional taxes for periods subsequent to the tax audit period, including penalties and interest, that could be material. We are under examination, or may be subject to tax examination, by several tax authorities. These examinations, including the matter discussed above, may lead to proposed adjustments to our taxes or net operating losses with respect to years under examination, as well as subsequent periods. We regularly assess the likelihood of adverse outcomes resulting from tax examinations to determine the adequacy of our provision for direct and indirect taxes. We continue to monitor the progress of ongoing discussions with tax authorities and the effect, if any, on our provision for direct and indirect taxes. We believe that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in our tax audits are resolved in a manner not consistent with the Company’s expectations, we could be required to adjust our provision for direct and indirect taxes in the period such resolution occurs.

SEGMENT AND GEOGRAPHICAL INFORM

SEGMENT AND GEOGRAPHICAL INFORMATION	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHIC INFORMATION	SEGMENT AND GEOGRAPHICAL INFORMATION Effective June 30, 2020, the Company changed its operating segments to reflect the manner in which the Company's CODM reviews and assesses performance. Accordingly, the Company has two reportable segments, which are Seller and Cash App. Disclosures regarding the Company’s reportable segments for prior periods have been adjusted to conform to the current period presentation. Seller and Cash App are defined as follows: • Seller includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. • Cash App includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. Cash App also includes Cash Card which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. The primary financial measures used by the CODM to evaluate performance and allocate resources are revenue and gross profit. The CODM does not evaluate performance or allocate resources based on segment asset data, and therefore such information is not included. Information on the reportable segments revenue and segment gross profit are as follows (in thousands): Three Months Ended Cash App Seller Total Revenue Transaction-based revenue $ 91,959 $ 867,774 $ 959,733 Subscription and services-based revenue 436,589 121,092 557,681 Hardware revenue — 28,788 28,788 Bitcoin revenue 3,511,068 — 3,511,068 Segment revenue $ 4,039,616 $ 1,017,654 $ 5,057,270 Segment gross profit $ 495,485 $ 468,016 $ 963,501 Three Months Ended Cash App Seller Total Revenue Transaction-based revenue $ 27,819 $ 730,282 $ 758,101 Subscription and services-based revenue 193,725 102,510 296,235 Hardware revenue — 20,675 20,675 Bitcoin revenue 306,098 — 306,098 Segment revenue $ 527,642 $ 853,467 $ 1,381,109 Segment gross profit $ 182,732 $ 355,769 $ 538,501 A reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes is as follows (in thousands): Three Months Ended 2021 2020 Total segment gross profit $ 963,501 $ 538,501 Less: Product development 308,678 194,986 Less: Sales and marketing 349,460 194,535 Less: General and administrative 195,909 129,495 Less: Transaction and loan losses 20,395 108,883 Less: Bitcoin impairment losses 19,860 — Less: Amortization of acquired customer assets 1,463 890 Less: Interest expense, net 253 9,206 Less: Other expense, net 27,528 5,862 Income (loss) before applicable income taxes $ 39,955 $ (105,356) Revenue by geography is based on the addresses of the sellers or customers. The following table sets forth revenue by geographic area (in thousands): Three Months Ended 2021 2020 Revenue United States $ 4,963,335 $ 1,313,586 International 93,935 67,523 Total net revenue $ 5,057,270 $ 1,381,109 No individual country from the international markets contributed in excess of 10% of total revenue for the three months ended March 31, 2021 and 2020. Long-Lived Assets The following table sets forth long-lived assets by geographic area (in thousands): March 31, 2021 December 31, 2020 Long-lived assets United States $ 1,100,550 $ 1,086,379 International 54,716 58,342 Total long-lived assets $ 1,155,266 $ 1,144,721

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	3 Months Ended
	Mar. 31, 2021
Supplemental Cash Flow Elements [Abstract]
SUPPLEMENTAL CASH FLOW INFORMATION	SUPPLEMENTAL CASH FLOW INFORMATION The supplemental disclosures of cash flow information consist of the following (in thousands): Three Months Ended 2021 2020 Analysis of cash, cash equivalents, and restricted cash Cash and cash equivalents $ 3,022,485 $ 1,962,316 Short-term restricted cash 32,891 34,315 Long-term restricted cash 63,509 13,286 Cash, cash equivalents, and restricted cash $ 3,118,885 $ 2,009,917 Three Months Ended 2021 2020 Supplemental Cash Flow Data: Cash paid for interest $ 828 $ 397 Cash paid for income taxes 6,376 2,599 Supplemental disclosures of non-cash investing and financing activities: Right-of-use assets obtained in exchange for operating lease obligations 22,715 255,553 Purchases of property and equipment in accounts payable and accrued expenses 19,580 10,354 Unpaid business combination purchase price — 7,338 Fair value of common stock issued and issuable in future related to business combination — (14,999) Fair value of common stock issued to settle the conversion of senior notes (37,204) (77,614) Fair value of shares received to settle senior note hedges $ 1,260,718 $ —

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2021
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTSOn April 30, 2021, the Company completed the acquisition of a majority ownership interest in TIDAL for an aggregate consideration of $302 million. TIDAL is a global music and entertainment platform that brings fans and artists together through unique music, content, and experiences. The acquisition extends Square’s purpose of economic empowerment to musicians.

DESCRIPTION OF BUSINESS AND S_2

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated financial statements of the Company are unaudited. These interim condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (U.S. GAAP) and the applicable rules and regulations of the Securities and Exchange Commission (SEC) for interim financial information. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The December 31, 2020 condensed consolidated balance sheet was derived from the audited financial statements as of that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements. The accompanying unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements and, in the opinion of management, reflect all adjustments of a normal recurring nature considered necessary to state fairly the Company's consolidated financial position, results of operations, comprehensive income (loss), and cash flows for the interim periods. All intercompany transactions and balances have been eliminated in consolidation. The interim results for the three months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the year ending December 31, 2021, or for any other future annual or interim period. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with the Consolidated Financial Statements and related notes in the Company's Annual Report on Form 10-K for the year ended December 31, 2020.
Use of Estimates	Use of Estimates The preparation of the Company’s condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue and expenses, as well as related disclosure of contingent assets and liabilities. Actual results could differ from the Company’s estimates. To the extent that there are material differences between these estimates and actual results, the Company’s financial condition or operating results will be materially affected. The Company bases its estimates on current and past experience, to the extent that historical experience is predictive of future performance and other assumptions that the Company believes are reasonable under the circumstances. The Company evaluates these estimates on an ongoing basis. Estimates, judgments, and assumptions in these condensed consolidated financial statements include, but are not limited to, those related to revenue recognition, accrued transaction losses, contingencies, valuation of the debt component of convertible senior notes, valuation of loans held for sale including loans under the Paycheck Protection Program ("PPP"), valuation of goodwill and acquired intangible assets, deferred revenue, determination of income and other taxes, operating and financing lease right-of-use assets and related liabilities, assessing the likelihood of adverse outcomes from claims and disputes, and share-based compensation.
Concentration of Credit Risk	Concentration of Credit Risk For the three months ended March 31, 2021 and March 31, 2020, the Company had no customer that accounted for greater than 10% of total net revenue. The Company had two third-party payment processors that represented approximately 53% and 33% of settlements receivable as of March 31, 2021. As of December 31, 2020, there were two parties that represented approximately 59% and 27% of settlements receivable. All other third-party processors were insignificant. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, marketable debt securities, settlements receivable, customer funds, reverse repurchase agreements, and loans held for sale. The associated risk of concentration for cash and cash equivalents and restricted cash is mitigated by banking with creditworthy institutions. At certain times, amounts on deposit exceed federal deposit insurance limits. The associated risk of concentration for marketable debt securities is mitigated by holding a diversified portfolio of highly rated investments. Settlements receivable are amounts due from well-established payment processing companies and normally take one two
Sales and Marketing Expenses	Sales and Marketing Expenses Advertising costs are expensed as incurred and included in sales and marketing expense in the condensed consolidated statements of operations. Total advertising costs for the three months ended March 31, 2021 and 2020, were $85.9 million and $36.2 million. respectively. In addition, services, incentives, and other costs to customers that are not directly related to a revenue generating transaction are recorded as sales and marketing expenses, as the Company considers these to be marketing costs to encourage the usage of Cash App. These expenses, which include, but are not limited to, Cash App peer-to-peer processing costs and related transaction losses, card issuance costs, customer referral bonuses, and promotional giveaways
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In August 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-06, Accounting for Convertible Instruments and Contracts in an Entity's Own Equity , as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. The guidance is effective for financial statements issued for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption permitted, but only at the beginning of the fiscal year. The Company early adopted the new guidance on January 1, 2021 using the modified retrospective approach and recorded a cumulative effect upon adoption of $103.0 million as a reduction to accumulated deficit and a reduction to other paid in capital of $502.7 million related to amounts attributable to conversion options that had previously been recorded in equity. Additionally, the Company recorded an increase to its convertible notes balance by an aggregate amount of $399.7 million as a result of the reversal of the separation of the convertible debt between debt and equity. The adoption of this standard also significantly decreased the amount of non-cash interest expense to be recognized in future periods as a result of eliminating the discount associated with the equity component. There was no impact to the Company’s statements of cash flows as the result of the adoption of ASU No. 2020-06. In October 2020, the FASB issued ASU No. 2020-10, Codification Improvements ("Codification") . The update provides incremental improvements on various topics in the Codification to provide clarification, correct errors in, and to provide simplification on a variety of topics. Among other items, the guidance includes presentation disclosures for the amount of income tax expense or benefit related to other comprehensive income. The amendments are effective for public entities in fiscal years beginning after December 15, 2020, including interim periods within those fiscal years. Early adoption is permitted. The Company adopted this guidance effective January 1, 2021 and has applied the guidance prospectively. The adoption of this guidance did not have a material impact on the Company’s financial statements and related disclosures.
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTSThe Company measures its cash equivalents, customer funds, short-term and long-term marketable debt securities, and marketable equity investment at fair value. The Company classifies these investments within Level 1 or Level 2 of the fair value hierarchy because the Company values these investments using quoted market prices or alternative pricing sources and models utilizing market observable inputs.

REVENUE (Tables)

REVENUE (Tables)	3 Months Ended
	Mar. 31, 2021
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following table presents the Company's revenue disaggregated by revenue source (in thousands): Three Months Ended 2021 2020 Revenue from Contracts with Customers: Transaction-based revenue $ 959,733 $ 758,101 Subscription and services-based revenue 525,065 255,883 Hardware revenue 28,788 20,675 Bitcoin revenue 3,511,068 306,098 Revenue from other sources: Subscription and services-based revenue $ 32,616 $ 40,352
Schedule of Deferred Revenue	The deferred revenue balances were as follows (in thousands): Three Months Ended 2021 2020 Deferred revenue, beginning of the period $ 51,804 $ 44,331 Deferred revenue, end of the period 54,726 47,046 Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period $ 18,933 $ 15,570

INVESTMENTS IN DEBT SECURITIES

INVESTMENTS IN DEBT SECURITIES (Tables)	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Short-term and Long-term Investments	The Company's short-term and long-term investments as of March 31, 2021 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 102,238 $ 392 $ (97) $ 102,533 Corporate bonds 137,647 462 (81) 138,028 Commercial paper 80,137 — — 80,137 Municipal securities 9,531 34 — 9,565 U.S. government securities 270,554 652 — 271,206 Foreign government securities 42,951 113 (79) 42,985 Total $ 643,058 $ 1,653 $ (257) $ 644,454 Long-term debt securities: U.S. agency securities $ 122,027 $ 216 $ (38) $ 122,205 Corporate bonds 284,669 734 (497) 284,906 Municipal securities 1,039 12 — 1,051 U.S. government securities 87,957 277 (66) 88,168 Foreign government securities 26,090 137 (15) 26,212 Total $ 521,782 $ 1,376 $ (616) $ 522,542 The Company's short-term and long-term investments as of December 31, 2020 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 153,386 $ 782 $ (164) $ 154,004 Corporate bonds 76,957 256 (14) 77,199 Commercial paper 4,999 — — 4,999 Municipal securities 10,377 57 (3) 10,431 U.S. government securities 404,194 1,244 (4) 405,434 Foreign government securities 42,988 139 (82) 43,045 Total $ 692,901 $ 2,478 $ (267) $ 695,112 Long-term debt securities: U.S. agency securities $ 168,762 $ 519 $ (3) $ 169,278 Corporate bonds 174,655 1,401 (42) 176,014 Municipal securities 1,045 15 — 1,060 U.S. government securities 91,642 433 (2) 92,073 Foreign government securities 25,351 184 (10) 25,525 Total $ 461,455 $ 2,552 $ (57) $ 463,950 The Company's investments within customer funds as of March 31, 2021 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 39,517 $ 4 $ — $ 39,521 U.S. government securities 338,395 61 (1) 338,455 Total $ 377,912 $ 65 $ (1) $ 377,976 The Company's investments within customer funds as of December 31, 2020 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 113,156 $ 22 $ — $ 113,178 U.S. government securities 333,323 28 (5) 333,346 Total $ 446,479 $ 50 $ (5) $ 446,524
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2021 and December 31, 2020, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows (in thousands): March 31, 2021 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. agency securities $ 40,196 $ (97) $ — $ — $ 40,196 $ (97) Corporate bonds 75,260 (81) — — 75,260 (81) Foreign government securities 19,836 (79) — — 19,836 (79) Total $ 135,292 $ (257) $ — $ — $ 135,292 $ (257) Long-term debt securities: U.S. agency securities $ 49,311 $ (38) $ — $ — $ 49,311 $ (38) Corporate bonds 160,854 (497) — — 160,854 (497) U.S. government securities 67,138 (66) — — 67,138 (66) Foreign government securities 10,223 (15) — — 10,223 (15) Total $ 287,526 $ (616) $ — $ — $ 287,526 $ (616) December 31, 2020 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. agency securities $ 41,711 $ (162) $ 2,505 $ (2) $ 44,216 $ (164) Corporate bonds 15,255 (14) — — 15,255 (14) Municipal securities 2,566 (3) — — 2,566 (3) U.S. government securities 45,970 (4) — — 45,970 (4) Foreign government securities 21,341 (82) — — 21,341 (82) Total $ 126,843 $ (265) $ 2,505 $ (2) $ 129,348 $ (267) Long-term debt securities: U.S. agency securities $ 1,406 $ (3) $ — $ — $ 1,406 $ (3) Corporate bonds 28,189 (42) — — 28,189 (42) U.S. government securities 8,658 (2) — — 8,658 (2) Foreign government securities 10,929 (10) — — 10,929 (10) Total $ 49,182 $ (57) $ — $ — $ 49,182 $ (57) The gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2021 and December 31, 2020, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows (in thousands): March 31, 2021 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. government securities $ 25,479 $ (1) $ — $ — $ 25,479 $ (1) Total $ 25,479 $ (1) $ — $ — $ 25,479 $ (1) December 31, 2020 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. government securities $ 73,609 $ (5) $ — $ — $ 73,609 $ (5) Total $ 73,609 $ (5) $ — $ — $ 73,609 $ (5)
Contractual Maturities of Short-Term and Long-Term Investments	The contractual maturities of the Company's short-term and long-term investments as of March 31, 2021 are as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 643,058 $ 644,454 Due in one to five years 521,782 522,542 Total $ 1,164,840 $ 1,166,996 The contractual maturities of the Company's investments within customer funds as of March 31, 2021 are as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 377,912 $ 377,976 Due in one to five years — — Total $ 377,912 $ 377,976

CUSTOMER FUNDS (Tables)

CUSTOMER FUNDS (Tables)	3 Months Ended
	Mar. 31, 2021
Investments, Debt and Equity Securities [Abstract]
Assets Underlying Customer Funds	The following table presents the assets underlying customer funds (in thousands): March 31, 2021 December 31, 2020 Cash $ 20,584 $ 145,577 Customer funds in transit — 262,562 Cash Equivalents: Money market funds 1,655,962 777,193 Reverse repurchase agreement (i) 921,906 246,880 U.S. agency securities — 47,300 U.S. government securities — 111,796 Short-term debt securities: U.S. agency securities 39,521 113,178 U.S. government securities 338,455 333,346 Total $ 2,976,428 $ 2,037,832
Investments within Customer Funds	The Company's short-term and long-term investments as of March 31, 2021 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 102,238 $ 392 $ (97) $ 102,533 Corporate bonds 137,647 462 (81) 138,028 Commercial paper 80,137 — — 80,137 Municipal securities 9,531 34 — 9,565 U.S. government securities 270,554 652 — 271,206 Foreign government securities 42,951 113 (79) 42,985 Total $ 643,058 $ 1,653 $ (257) $ 644,454 Long-term debt securities: U.S. agency securities $ 122,027 $ 216 $ (38) $ 122,205 Corporate bonds 284,669 734 (497) 284,906 Municipal securities 1,039 12 — 1,051 U.S. government securities 87,957 277 (66) 88,168 Foreign government securities 26,090 137 (15) 26,212 Total $ 521,782 $ 1,376 $ (616) $ 522,542 The Company's short-term and long-term investments as of December 31, 2020 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 153,386 $ 782 $ (164) $ 154,004 Corporate bonds 76,957 256 (14) 77,199 Commercial paper 4,999 — — 4,999 Municipal securities 10,377 57 (3) 10,431 U.S. government securities 404,194 1,244 (4) 405,434 Foreign government securities 42,988 139 (82) 43,045 Total $ 692,901 $ 2,478 $ (267) $ 695,112 Long-term debt securities: U.S. agency securities $ 168,762 $ 519 $ (3) $ 169,278 Corporate bonds 174,655 1,401 (42) 176,014 Municipal securities 1,045 15 — 1,060 U.S. government securities 91,642 433 (2) 92,073 Foreign government securities 25,351 184 (10) 25,525 Total $ 461,455 $ 2,552 $ (57) $ 463,950 The Company's investments within customer funds as of March 31, 2021 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 39,517 $ 4 $ — $ 39,521 U.S. government securities 338,395 61 (1) 338,455 Total $ 377,912 $ 65 $ (1) $ 377,976 The Company's investments within customer funds as of December 31, 2020 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 113,156 $ 22 $ — $ 113,178 U.S. government securities 333,323 28 (5) 333,346 Total $ 446,479 $ 50 $ (5) $ 446,524
Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value	The Company's gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2021 and December 31, 2020, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows (in thousands): March 31, 2021 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. agency securities $ 40,196 $ (97) $ — $ — $ 40,196 $ (97) Corporate bonds 75,260 (81) — — 75,260 (81) Foreign government securities 19,836 (79) — — 19,836 (79) Total $ 135,292 $ (257) $ — $ — $ 135,292 $ (257) Long-term debt securities: U.S. agency securities $ 49,311 $ (38) $ — $ — $ 49,311 $ (38) Corporate bonds 160,854 (497) — — 160,854 (497) U.S. government securities 67,138 (66) — — 67,138 (66) Foreign government securities 10,223 (15) — — 10,223 (15) Total $ 287,526 $ (616) $ — $ — $ 287,526 $ (616) December 31, 2020 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. agency securities $ 41,711 $ (162) $ 2,505 $ (2) $ 44,216 $ (164) Corporate bonds 15,255 (14) — — 15,255 (14) Municipal securities 2,566 (3) — — 2,566 (3) U.S. government securities 45,970 (4) — — 45,970 (4) Foreign government securities 21,341 (82) — — 21,341 (82) Total $ 126,843 $ (265) $ 2,505 $ (2) $ 129,348 $ (267) Long-term debt securities: U.S. agency securities $ 1,406 $ (3) $ — $ — $ 1,406 $ (3) Corporate bonds 28,189 (42) — — 28,189 (42) U.S. government securities 8,658 (2) — — 8,658 (2) Foreign government securities 10,929 (10) — — 10,929 (10) Total $ 49,182 $ (57) $ — $ — $ 49,182 $ (57) The gross unrealized losses and fair values for those investments that were in an unrealized loss position as of March 31, 2021 and December 31, 2020, aggregated by investment category and the length of time that individual securities have been in a continuous loss position are as follows (in thousands): March 31, 2021 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. government securities $ 25,479 $ (1) $ — $ — $ 25,479 $ (1) Total $ 25,479 $ (1) $ — $ — $ 25,479 $ (1) December 31, 2020 Less than 12 months Greater than 12 months Total Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses Short-term debt securities: U.S. government securities $ 73,609 $ (5) $ — $ — $ 73,609 $ (5) Total $ 73,609 $ (5) $ — $ — $ 73,609 $ (5)
Contractual Maturities of Short-Term and Long-Term Investments	The contractual maturities of the Company's short-term and long-term investments as of March 31, 2021 are as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 643,058 $ 644,454 Due in one to five years 521,782 522,542 Total $ 1,164,840 $ 1,166,996 The contractual maturities of the Company's investments within customer funds as of March 31, 2021 are as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 377,912 $ 377,976 Due in one to five years — — Total $ 377,912 $ 377,976

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The Company’s financial assets and liabilities that are measured at fair value on a recurring basis are classified as follows (in thousands): March 31, 2021 December 31, 2020 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash Equivalents: Money market funds $ 1,204,799 $ — $ — $ 1,694,736 $ — $ — Mutual funds 18,973 — — — — — U.S. agency securities — — — — 41,186 — Commercial paper — 38,995 — — — — Corporate bonds — 490 — — — — U.S. government securities 7,900 — — 15,000 — — Customer funds: Money market funds 1,655,962 — — 777,193 — — Reverse repurchase agreement 921,906 — — 246,880 — — U.S. agency securities — 39,521 — — 160,478 — U.S. government securities 338,455 — — 445,142 — — Short-term debt securities: U.S. agency securities — 102,533 — — 154,004 — Corporate bonds — 138,028 — — 77,199 — Commercial paper — 80,137 — — 4,999 — Municipal securities — 9,565 — — 10,431 — U.S. government securities 271,206 — — 405,434 — — Foreign government securities — 42,985 — — 43,045 — Long-term debt securities: U.S. agency securities — 122,205 — — 169,278 — Corporate bonds — 284,906 — — 176,014 — Municipal securities — 1,051 — — 1,060 — U.S. government securities 88,168 — — 92,073 — — Foreign government securities — 26,212 — — 25,525 — Other: Investment in marketable equity security 328,384 — — 376,258 — — Total $ 4,835,753 $ 886,628 $ — $ 4,052,716 $ 863,219 $ — March 31, 2021 December 31, 2020 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) 2027 Notes $ 566,210 $ 655,305 $ 458,496 $ 644,000 2026 Notes 566,348 647,628 482,204 638,250 2025 Notes 988,082 1,954,240 858,332 1,912,440 2023 Notes 859,575 2,517,931 780,046 2,417,820 2022 Notes 4,674 46,540 7,846 80,731 Total $ 2,984,889 $ 5,821,644 $ 2,586,924 $ 5,693,241 The estimated fair value and carrying value of loans held for sale is as follows (in thousands): March 31, 2021 December 31, 2020 Carrying Value Fair Value (Level 3) Carrying Value Fair Value (Level 3) Loans held for sale $ 742,378 $ 851,262 $ 462,665 $ 467,805

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	3 Months Ended
	Mar. 31, 2021
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	The following is a summary of property and equipment, less accumulated depreciation and amortization (in thousands): March 31, 2021 December 31, 2020 Leasehold improvements $ 182,885 $ 168,125 Computer equipment 143,962 139,174 Capitalized software 127,971 119,452 Office furniture and equipment 39,413 34,890 Total 494,231 461,641 Less: Accumulated depreciation and amortization (248,529) (228,121) Property and equipment, net $ 245,702 $ 233,520

GOODWILL (Tables)

GOODWILL (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Change in Carrying Value of Goodwill	The change in carrying value of goodwill in the period was as follows (in thousands): Balance at December 31, 2020 $ 316,701 Other adjustments (264) Balance at March 31, 2021 $ 316,437 Cash App Seller Total Balance at December 31, 2020 $ 128,838 $ 187,863 $ 316,701 Other adjustments (264) — (264) Balance at March 31, 2021 $ 128,574 $ 187,863 $ 316,437

ACQUIRED INTANGIBLE ASSETS (Tab

ACQUIRED INTANGIBLE ASSETS (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite Lived Intangible Assets	The following table presents the detail of acquired intangible assets as of the periods presented (in thousands): Balance at March 31, 2021 Weighted Average Estimated Useful Life Cost Accumulated Amortization Net Technology assets 5 years $ 119,011 $ (47,372) $ 71,639 Customer assets 11 years 58,375 (12,256) 46,119 Trade name 6 years 18,274 (8,980) 9,294 Other 8 years 5,716 (2,972) 2,744 Total $ 201,376 $ (71,580) $ 129,796 Balance at December 31, 2020 Weighted Average Estimated Useful Life Cost Accumulated Amortization Net Technology assets 5 years $ 119,508 $ (43,084) $ 76,424 Customer assets 11 years 58,556 (10,796) 47,760 Trade name 6 years 18,529 (8,031) 10,498 Other 8 years 5,733 (2,803) 2,930 Total $ 202,326 $ (64,714) $ 137,612 The changes to the carrying value of intangible assets were as follows (in thousands): Three Months Ended 2021 2020 Acquired intangible assets, net, beginning of the period $ 137,612 $ 69,079 Acquisitions — 17,009 Amortization expense (6,884) (4,152) Other Adjustments (932) — Acquired intangible assets, net, end of the period $ 129,796 $ 81,936
Schedule of Future Amortization Expense of Intangible Assets	The estimated future amortization expense of intangible assets in future periods as of March 31, 2021 is as follows (in thousands): Remainder of 2021 $ 20,640 2022 25,493 2023 24,241 2024 21,264 2025 14,436 Thereafter 23,722 Total $ 129,796

OTHER CONSOLIDATED BALANCE SH_3

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) (Tables)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Current Assets	The following table presents the detail of other current assets (in thousands): March 31, 2021 December 31, 2020 Short term investment in marketable equity security (i) $ 328,384 $ — Inventory, net 63,825 61,129 Restricted cash 32,891 30,279 Processing costs receivable 203,837 148,606 Prepaid expenses 53,879 34,279 Accounts receivable, net 60,201 41,960 Other 80,589 66,814 Total $ 823,606 $ 383,067 (i) In December 2020, upon completion of DoorDash Inc's ("DoorDash") initial public offering, the shares of preferred stock held by the Company converted into Class A common stock of DoorDash. The investment is carried at fair value, with changes in fair value being recorded within other income or expense on the condensed consolidated statement of operations. As of March 31, 2021, the investment was reclassified from non-current assets to current assets. Additionally, during the three months ended March 31, 2021, the Company recorded a loss of $28.9 million arising from the revaluation of the investment.
Schedule of Accrued Expenses and Other Current Liabilities	The following table presents the detail of accrued expenses and other current liabilities (in thousands): March 31, 2021 December 31, 2020 Accrued expenses $ 174,037 $ 126,710 Square Payroll payable (i) 57,807 16,990 Accrued transaction losses (ii) 48,622 70,557 Accounts payable 51,354 47,089 Deferred revenue, current 47,598 44,908 Current portion of long-term debt 4,687 — Other 64,519 54,596 Total $ 448,624 $ 360,850 (i) Square Payroll payable represents amounts received from Square Payroll product customers that will be utilized to settle the customers' employee payroll and related obligations. (ii) The Company is exposed to potential credit losses related to transactions processed by sellers that are subsequently subject to chargebacks when the Company is unable to collect from the sellers primarily due to insolvency. Generally, the Company estimates the potential loss rates based on historical experience that is continuously adjusted for new information and incorporates, where applicable, reasonable and supportable forecasts about future expectations. The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands): Three Months Ended 2021 2020 Accrued transaction losses, beginning of the period $ 70,557 $ 34,771 Provision for transaction losses (6,742) 79,303 Charge-offs to accrued transaction losses (15,193) (17,413) Accrued transaction losses, end of the period $ 48,622 $ 96,661
Schedule of Reserve for Transaction Losses	The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands): Three Months Ended 2021 2020 Accrued transaction losses, beginning of the period $ 70,557 $ 34,771 Provision for transaction losses (6,742) 79,303 Charge-offs to accrued transaction losses (15,193) (17,413) Accrued transaction losses, end of the period $ 48,622 $ 96,661

OTHER CONSOLIDATED BALANCE SH_4

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) (Tables)	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Other Non-Current Assets	The following table presents the detail of other non-current assets (in thousands): March 31, 2021 December 31, 2020 Investment in non-marketable equity securities (i) $ 54,980 $ 32,510 Investment in marketable equity security (ii) — 376,258 Investment in bitcoin, net (iii) 200,140 50,000 Restricted cash 63,509 13,526 Other 33,427 26,956 Total $ 352,056 $ 499,250 (i) Investment in non-marketable equity securities represents the Company's investments in equity of non-public entities. These investments are measured using the measurement alternative and are therefore carried at cost, less impairment, adjusted for observable price changes. (ii) As of March 31, 2021, the fair value of the Company's investment in DoorDash was reclassified to other current assets. (iii) The Company invested $50.0 million and $170.0 million in bitcoin in the fourth quarter of 2020 and the first quarter of 2021, respectively. Bitcoin is accounted for as an indefinite lived intangible asset, and thus, is subject to impairment losses if the fair value of bitcoin decreases below the carrying value during the assessed period. Impairment losses cannot be recovered for any subsequent increase in fair value until the sale of the asset.
Schedule of Other Non-Current Liabilities	The following table presents the detail of other non-current liabilities (in thousands): March 31, 2021 December 31, 2020 Statutory liabilities (i) $ 84,298 $ 75,370 Other 8,376 9,921 Total $ 92,674 $ 85,291 (i) Statutory liabilities represent loss contingencies that may arise from the Company's interpretation and application of certain guidelines and rules issued by various federal, state, local, and foreign regulatory authorities.

INDEBTEDNESS (Tables)

INDEBTEDNESS (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Net Carrying Amount of Convertible Notes	The net carrying amount of the Notes were as follows (in thousands): Principal outstanding Unamortized debt issuance costs Net carrying value March 31, 2021 2027 Notes $ 575,000 $ (8,790) $ 566,210 2026 Notes 575,000 (8,652) 566,348 2025 Notes 1,000,000 (11,918) 988,082 2023 Notes 862,500 (2,925) 859,575 2022 Notes 4,698 (24) 4,674 Total $ 3,017,198 $ (32,309) $ 2,984,889 As discussed above, upon the adoption of ASU No. 2020-06, the Company reversed the separation of the debt and equity components of the notes, and accounted for the Notes wholly as debt. Additionally, the issuance costs of the Notes were accounted for as debt issuance costs in its entirety. Refer to Note 1, Description of Business and Summary of Significant Accounting Policies for further details on the impact of adoption. Principal outstanding Unamortized debt discount Unamortized debt issuance costs Net carrying value December 31, 2020 2027 Notes $ 575,000 $ (109,134) $ (7,370) $ 458,496 2026 Notes 575,000 (85,085) (7,711) 482,204 2025 Notes 1,000,000 (130,335) (11,333) 858,332 2023 Notes 862,500 (79,980) (2,474) 780,046 2022 Notes 8,545 (629) (70) 7,846 Total $ 3,021,045 $ (405,163) $ (28,958) $ 2,586,924 The net carrying amount of the equity component of the Notes as of December 31, 2020 were as follows (in thousands): Amount allocated to conversion option Less: Equity component, net December 31, 2020 2027 Notes $ 111,000 $ (1,793) $ 109,207 2026 Notes 87,000 (1,405) 85,595 2025 Notes 154,600 (2,342) 152,258 2023 Notes 155,250 (1,231) 154,019 2022 Notes 1,674 (45) 1,629 Total $ 509,524 $ (6,816) $ 502,708
Interest Expense on Convertible Notes	The Company recognized interest expense on the Notes as follows (in thousands): Three Months Ended 2021 2020 Contractual interest expense $ 1,728 $ 1,373 Amortization of debt issuance costs (i) 1,832 12,528 Total $ 3,560 $ 13,901 (i) Upon adoption of ASU No. 2020-06, the debt discount associated with the equity component on debt was reversed which resulted in a decrease in the amount of non-cash interest expense to be recognized going forward.

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	3 Months Ended
	Mar. 31, 2021
Share-based Payment Arrangement [Abstract]
Summary of Stock Option Activity	A summary of stock option activity for the three months ended March 31, 2021 is as follows (in thousands, except share and per share data): Number of Stock Options Outstanding Weighted Weighted Aggregate Balance at December 31, 2020 13,630,882 $ 17.84 3.84 $ 2,723,394 Exercised (2,592,301) 12.69 Balance at March 31, 2021 11,038,581 $ 19.06 4.18 $ 2,295,969 Options exercisable as of March 31, 2021 9,605,627 $ 12.66 3.51 $ 2,059,368
Schedule of Restricted Stock Awards and Restricted Stock Units Activity	Activity related to RSAs and RSUs during the three months ended March 31, 2021 is set forth below: Number of Weighted Unvested as of December 31, 2020 15,622,645 $ 71.71 Granted 571,632 202.58 Vested (1,744,585) 53.27 Forfeited (209,512) 78.71 Unvested as of March 31, 2021 14,240,180 $ 79.12
Summary of the Effect of Share-Based Compensation on the Condensed Consolidated Statements of Operations	The following table summarizes the effects of share-based compensation on the Company's condensed consolidated statements of operations (in thousands): Three Months Ended 2021 2020 Cost of revenue $ 99 $ 76 Product development 86,895 57,400 Sales and marketing 10,880 6,407 General and administrative 20,749 13,420 Total $ 118,623 $ 77,303

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	3 Months Ended
	Mar. 31, 2021
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Income (Loss) Per Share	The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data): Three Months Ended 2021 2020 Numerator: Net income (loss) $ 39,008 $ (105,891) Denominator: Basic shares: Weighted-average common shares outstanding 455,414 435,680 Weighted-average unvested shares (441) (740) Weighted-average shares used to compute basic net income (loss) per share: 454,973 434,940 Diluted shares: Stock options, restricted stock, and employee stock purchase plan 20,972 — Convertible senior notes 322 — Common stock warrants 25,086 — Weighted-average shares used to compute diluted net income (loss) per share: 501,353 434,940 Net income (loss) per share: Basic $ 0.09 $ (0.24) Diluted $ 0.08 $ (0.24)
Schedule of Antidilutive Securities Excluded from Calculation of Diluted Net Income (Loss) Per Share	The following potential common shares were excluded from the calculation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods presented (in thousands): Three Months Ended 2021 2020 Stock options, restricted stock, and employee stock purchase plan 6,109 36,042 Common stock warrants 17,275 32,613 Convertible senior notes 3,845 22,478 Total anti-dilutive securities 27,229 91,133

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Schedule of Lease Expense Components and Other Information Related to Leases	The components of lease expense for the periods presented were as follows (in thousands): Three Months Ended 2021 2020 Fixed operating lease costs $ 20,432 $ 15,125 Variable operating lease costs 3,508 5,724 Short term lease costs 388 1,856 Sublease income (2,625) (1,437) Amortization of finance lease right-of-use assets — 1,054 Total lease costs $ 21,703 $ 22,322 Other information related to leases were as follows: March 31, 2021 Weighted Average Remaining Lease Term: Operating leases 8.5 years Weighted Average Discount Rate: Operating leases 4 % Cash flows related to leases were as follows (in thousands): Three Months Ended 2021 2020 Cash flows from operating activities: Payments for operating lease liabilities $ (18,250) $ (9,570) Cash flows from financing activities: Principal payments on finance lease obligation $ — $ (1,054) Supplemental Cash Flow Data: Right-of-use assets obtained in exchange for operating lease obligations $ 22,715 $ 255,553
Future Minimum Lease Payments under Non-Cancelable Operating Leases	Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2021 are as follows (in thousands): Operating Year: Remainder of 2021 $ 53,124 2022 79,498 2023 73,060 2024 54,291 2025 49,424 Thereafter 241,098 Total $ 550,495 Less: amount representing interest 80,806 Less: lease incentives 13,835 Total $ 455,854
Future Minimum Finance Lease Payments	Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2021 are as follows (in thousands): Operating Year: Remainder of 2021 $ 53,124 2022 79,498 2023 73,060 2024 54,291 2025 49,424 Thereafter 241,098 Total $ 550,495 Less: amount representing interest 80,806 Less: lease incentives 13,835 Total $ 455,854

SEGMENT AND GEOGRAPHICAL INFO_2

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Information on the reportable segments revenue and segment gross profit are as follows (in thousands): Three Months Ended Cash App Seller Total Revenue Transaction-based revenue $ 91,959 $ 867,774 $ 959,733 Subscription and services-based revenue 436,589 121,092 557,681 Hardware revenue — 28,788 28,788 Bitcoin revenue 3,511,068 — 3,511,068 Segment revenue $ 4,039,616 $ 1,017,654 $ 5,057,270 Segment gross profit $ 495,485 $ 468,016 $ 963,501 Three Months Ended Cash App Seller Total Revenue Transaction-based revenue $ 27,819 $ 730,282 $ 758,101 Subscription and services-based revenue 193,725 102,510 296,235 Hardware revenue — 20,675 20,675 Bitcoin revenue 306,098 — 306,098 Segment revenue $ 527,642 $ 853,467 $ 1,381,109 Segment gross profit $ 182,732 $ 355,769 $ 538,501
Reconciliation of Total Segment Profit to Income before applicable Income Taxes	A reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes is as follows (in thousands): Three Months Ended 2021 2020 Total segment gross profit $ 963,501 $ 538,501 Less: Product development 308,678 194,986 Less: Sales and marketing 349,460 194,535 Less: General and administrative 195,909 129,495 Less: Transaction and loan losses 20,395 108,883 Less: Bitcoin impairment losses 19,860 — Less: Amortization of acquired customer assets 1,463 890 Less: Interest expense, net 253 9,206 Less: Other expense, net 27,528 5,862 Income (loss) before applicable income taxes $ 39,955 $ (105,356)
Revenue by Geographic Area	Revenue by geography is based on the addresses of the sellers or customers. The following table sets forth revenue by geographic area (in thousands): Three Months Ended 2021 2020 Revenue United States $ 4,963,335 $ 1,313,586 International 93,935 67,523 Total net revenue $ 5,057,270 $ 1,381,109
Long-lived Assets by Geographic Area	The following table sets forth long-lived assets by geographic area (in thousands): March 31, 2021 December 31, 2020 Long-lived assets United States $ 1,100,550 $ 1,086,379 International 54,716 58,342 Total long-lived assets $ 1,155,266 $ 1,144,721

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	3 Months Ended
	Mar. 31, 2021
Supplemental Cash Flow Elements [Abstract]
Schedule of Cash and Cash Equivalents	The supplemental disclosures of cash flow information consist of the following (in thousands): Three Months Ended 2021 2020 Analysis of cash, cash equivalents, and restricted cash Cash and cash equivalents $ 3,022,485 $ 1,962,316 Short-term restricted cash 32,891 34,315 Long-term restricted cash 63,509 13,286 Cash, cash equivalents, and restricted cash $ 3,118,885 $ 2,009,917
Restrictions on Cash and Cash Equivalents	The supplemental disclosures of cash flow information consist of the following (in thousands): Three Months Ended 2021 2020 Analysis of cash, cash equivalents, and restricted cash Cash and cash equivalents $ 3,022,485 $ 1,962,316 Short-term restricted cash 32,891 34,315 Long-term restricted cash 63,509 13,286 Cash, cash equivalents, and restricted cash $ 3,118,885 $ 2,009,917
Schedule of Cash Flow, Supplemental Disclosures	Three Months Ended 2021 2020 Supplemental Cash Flow Data: Cash paid for interest $ 828 $ 397 Cash paid for income taxes 6,376 2,599 Supplemental disclosures of non-cash investing and financing activities: Right-of-use assets obtained in exchange for operating lease obligations 22,715 255,553 Purchases of property and equipment in accounts payable and accrued expenses 19,580 10,354 Unpaid business combination purchase price — 7,338 Fair value of common stock issued and issuable in future related to business combination — (14,999) Fair value of common stock issued to settle the conversion of senior notes (37,204) (77,614) Fair value of shares received to settle senior note hedges $ 1,260,718 $ —

DESCRIPTION OF BUSINESS AND S_3

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) $ in Thousands	Jan. 01, 2021USD ($)	Mar. 31, 2021USD ($)third_party_processorcustomer	Mar. 31, 2020USD ($)customer	Dec. 31, 2020USD ($)third_party_processor	Dec. 31, 2019USD ($)
Concentration Risk [Line Items]
Advertising costs		$ 85,900	$ 36,200
Selling and marketing expenses not directly related to a revenue generating transaction		183,600	106,800
Impact of accounting standards update adoption		2,314,373	1,807,945	$ 2,681,569	$ 1,715,050
Retained Earnings
Concentration Risk [Line Items]
Impact of accounting standards update adoption		(155,241)	(616,219)	(297,223)	(510,328)
Additional paid-in
Concentration Risk [Line Items]
Impact of accounting standards update adoption		$ 2,459,415	$ 2,427,596	2,955,464	$ 2,223,749
Cumulative Effect, Period of Adoption, Adjustment
Concentration Risk [Line Items]
Impact of accounting standards update adoption				(399,734)
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings
Concentration Risk [Line Items]
Impact of accounting standards update adoption				102,974
Cumulative Effect, Period of Adoption, Adjustment | Additional paid-in
Concentration Risk [Line Items]
Impact of accounting standards update adoption				$ (502,708)
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06 | Convertible Debt
Concentration Risk [Line Items]
Debt instrument increase	$ 399,700
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06 | Retained Earnings
Concentration Risk [Line Items]
Impact of accounting standards update adoption	103,000
Cumulative Effect, Period of Adoption, Adjustment | Accounting Standards Update 2020-06 | Additional paid-in
Concentration Risk [Line Items]
Impact of accounting standards update adoption	$ (502,700)
Minimum
Concentration Risk [Line Items]
Settlements receivable period		1 day
Maximum
Concentration Risk [Line Items]
Settlements receivable period		2 days
Revenue Benchmark | Customer Concentration Risk
Concentration Risk [Line Items]
Number of customers accounting for greater than 10% of total net revenue | customer		0	0
Settlements Receivable | Credit Concentration Risk
Concentration Risk [Line Items]
Number of third party processors | third_party_processor		2		2
Settlements Receivable | Credit Concentration Risk | Third Party Processor One
Concentration Risk [Line Items]
Concentration risk		53.00%		59.00%
Settlements Receivable | Credit Concentration Risk | Third Party Processor Two
Concentration Risk [Line Items]
Concentration risk		33.00%		27.00%

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Transaction-based revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 959,733	$ 758,101
Subscription and services-based revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	525,065	255,883
Revenues from other sources	32,616	40,352
Hardware revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	28,788	20,675
Bitcoin revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers	$ 3,511,068	$ 306,098

REVENUE - Deferred Revenue (Det

REVENUE - Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Movement in Deferred Revenue [Roll Forward]
Deferred revenue, beginning of the period	$ 51,804	$ 44,331
Deferred revenue, end of the period	54,726	47,046
Revenue recognized in the period from amounts included in deferred revenue at the beginning of the period	$ 18,933	$ 15,570

INVESTMENTS IN DEBT SECURITIE_2

INVESTMENTS IN DEBT SECURITIES - Short-Term and Long-Term Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 1,164,840
Fair Value	1,166,996
Short-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	643,058	$ 692,901
Gross Unrealized Gains	1,653	2,478
Gross Unrealized Losses	(257)	(267)
Fair Value	644,454	695,112
Long-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	521,782	461,455
Gross Unrealized Gains	1,376	2,552
Gross Unrealized Losses	(616)	(57)
Fair Value	522,542	463,950
U.S. agency securities | Short-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	102,238	153,386
Gross Unrealized Gains	392	782
Gross Unrealized Losses	(97)	(164)
Fair Value	102,533	154,004
U.S. agency securities | Long-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	122,027	168,762
Gross Unrealized Gains	216	519
Gross Unrealized Losses	(38)	(3)
Fair Value	122,205	169,278
Corporate bonds | Short-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	137,647	76,957
Gross Unrealized Gains	462	256
Gross Unrealized Losses	(81)	(14)
Fair Value	138,028	77,199
Corporate bonds | Long-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	284,669	174,655
Gross Unrealized Gains	734	1,401
Gross Unrealized Losses	(497)	(42)
Fair Value	284,906	176,014
Commercial paper | Short-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	80,137	4,999
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	80,137	4,999
Municipal securities | Short-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	9,531	10,377
Gross Unrealized Gains	34	57
Gross Unrealized Losses	0	(3)
Fair Value	9,565	10,431
Municipal securities | Long-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,039	1,045
Gross Unrealized Gains	12	15
Gross Unrealized Losses	0	0
Fair Value	1,051	1,060
U.S. government securities | Short-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	270,554	404,194
Gross Unrealized Gains	652	1,244
Gross Unrealized Losses	0	(4)
Fair Value	271,206	405,434
U.S. government securities | Long-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	87,957	91,642
Gross Unrealized Gains	277	433
Gross Unrealized Losses	(66)	(2)
Fair Value	88,168	92,073
Foreign government securities | Short-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	42,951	42,988
Gross Unrealized Gains	113	139
Gross Unrealized Losses	(79)	(82)
Fair Value	42,985	43,045
Foreign government securities | Long-term debt securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	26,090	25,351
Gross Unrealized Gains	137	184
Gross Unrealized Losses	(15)	(10)
Fair Value	$ 26,212	$ 25,525

INVESTMENTS IN DEBT SECURITIE_3

INVESTMENTS IN DEBT SECURITIES - Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Short-term debt securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	$ 135,292	$ 126,843
Less than 12 Months, Gross Unrealized Losses	(257)	(265)
Greater than 12 months, Fair Value	0	2,505
Greater than 12 months, Gross Unrealized Losses	0	(2)
Total, Fair Value	135,292	129,348
Total, Gross Unrealized Losses	(257)	(267)
Short-term debt securities | U.S. agency securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	40,196	41,711
Less than 12 Months, Gross Unrealized Losses	(97)	(162)
Greater than 12 months, Fair Value	0	2,505
Greater than 12 months, Gross Unrealized Losses	0	(2)
Total, Fair Value	40,196	44,216
Total, Gross Unrealized Losses	(97)	(164)
Short-term debt securities | Corporate bonds
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	75,260	15,255
Less than 12 Months, Gross Unrealized Losses	(81)	(14)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	75,260	15,255
Total, Gross Unrealized Losses	(81)	(14)
Short-term debt securities | Municipal securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value		2,566
Less than 12 Months, Gross Unrealized Losses		(3)
Greater than 12 months, Fair Value		0
Greater than 12 months, Gross Unrealized Losses		0
Total, Fair Value		2,566
Total, Gross Unrealized Losses		(3)
Short-term debt securities | U.S. government securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value		45,970
Less than 12 Months, Gross Unrealized Losses		(4)
Greater than 12 months, Fair Value		0
Greater than 12 months, Gross Unrealized Losses		0
Total, Fair Value		45,970
Total, Gross Unrealized Losses		(4)
Short-term debt securities | Foreign government securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	19,836	21,341
Less than 12 Months, Gross Unrealized Losses	(79)	(82)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	19,836	21,341
Total, Gross Unrealized Losses	(79)	(82)
Long-term debt securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	287,526	49,182
Less than 12 Months, Gross Unrealized Losses	(616)	(57)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	287,526	49,182
Total, Gross Unrealized Losses	(616)	(57)
Long-term debt securities | U.S. agency securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	49,311	1,406
Less than 12 Months, Gross Unrealized Losses	(38)	(3)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	49,311	1,406
Total, Gross Unrealized Losses	(38)	(3)
Long-term debt securities | Corporate bonds
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	160,854	28,189
Less than 12 Months, Gross Unrealized Losses	(497)	(42)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	160,854	28,189
Total, Gross Unrealized Losses	(497)	(42)
Long-term debt securities | U.S. government securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	67,138	8,658
Less than 12 Months, Gross Unrealized Losses	(66)	(2)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	67,138	8,658
Total, Gross Unrealized Losses	(66)	(2)
Long-term debt securities | Foreign government securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	10,223	10,929
Less than 12 Months, Gross Unrealized Losses	(15)	(10)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	10,223	10,929
Total, Gross Unrealized Losses	$ (15)	$ (10)

INVESTMENTS IN DEBT SECURITIE_4

INVESTMENTS IN DEBT SECURITIES - Contractual Maturities of Short-Term and Long-Term Investments (Details) $ in Thousands	Mar. 31, 2021USD ($)
Amortized Cost
Due in one year or less	$ 643,058
Due in one to five years	521,782
Amortized Cost	1,164,840
Fair Value
Due in one year or less	644,454
Due in one to five years	522,542
Fair Value	$ 1,166,996

CUSTOMER FUNDS - Assets Underly

CUSTOMER FUNDS - Assets Underlying Customer Funds (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Customer funds	$ 2,976,428	$ 2,037,832
Customer Funds In Transit
Debt Securities, Available-for-sale [Line Items]
Customer funds	0	262,562
U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Customer funds	39,521	113,178
U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Customer funds	338,455	333,346
Cash
Debt Securities, Available-for-sale [Line Items]
Customer funds	20,584	145,577
Cash Equivalents | Money market funds
Debt Securities, Available-for-sale [Line Items]
Customer funds	1,655,962	777,193
Cash Equivalents | Reverse repurchase agreement
Debt Securities, Available-for-sale [Line Items]
Customer funds	921,906	246,880
Cash Equivalents | U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Customer funds	0	47,300
Cash Equivalents | U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Customer funds	$ 0	$ 111,796

CUSTOMER FUNDS - Investments wi

CUSTOMER FUNDS - Investments within Customer Funds (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 1,164,840
Fair Value	1,166,996
Customer funds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	377,912	$ 446,479
Gross Unrealized Gains	65	50
Gross Unrealized Losses	(1)	(5)
Fair Value	377,976	446,524
Customer funds | U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	39,517	113,156
Gross Unrealized Gains	4	22
Gross Unrealized Losses	0	0
Fair Value	39,521	113,178
Customer funds | U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	338,395	333,323
Gross Unrealized Gains	61	28
Gross Unrealized Losses	(1)	(5)
Fair Value	$ 338,455	$ 333,346

CUSTOMER FUNDS - Debt Securitie

CUSTOMER FUNDS - Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value (Details) - Customer funds - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	$ 25,479	$ 73,609
Less than 12 Months, Gross Unrealized Losses	(1)	(5)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	25,479	73,609
Total, Gross Unrealized Losses	(1)	(5)
U.S. government securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	25,479	73,609
Less than 12 Months, Gross Unrealized Losses	(1)	(5)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	25,479	73,609
Total, Gross Unrealized Losses	$ (1)	$ (5)

CUSTOMER FUNDS - Contractual Ma

CUSTOMER FUNDS - Contractual Maturities of Short-Term and Long-Term Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Amortized Cost
Due in one year or less	$ 643,058
Due in one to five years	521,782
Amortized Cost	1,164,840
Fair Value
Due in one year or less	644,454
Due in one to five years	522,542
Fair Value	1,166,996
Customer funds
Amortized Cost
Due in one year or less	377,912
Due in one to five years	0
Amortized Cost	377,912	$ 446,479
Fair Value
Due in one year or less	377,976
Due in one to five years	0
Fair Value	$ 377,976	$ 446,524

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds	$ 2,976,428	$ 2,037,832
Short-term debt securities	644,454	695,112
Long-term debt securities	522,542	463,950
Investment in marketable equity security	328,384	0
U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds	39,521	113,178
U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds	338,455	333,346
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable equity security	328,384	376,258
Total	4,835,753	4,052,716
Fair Value, Measurements, Recurring | Level 1 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	1,204,799	1,694,736
Customer funds	1,655,962	777,193
Fair Value, Measurements, Recurring | Level 1 | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	18,973	0
Fair Value, Measurements, Recurring | Level 1 | Reverse repurchase agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds	921,906	246,880
Fair Value, Measurements, Recurring | Level 1 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Customer funds	0	0
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Fair Value, Measurements, Recurring | Level 1 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	7,900	15,000
Customer funds	338,455	445,142
Short-term debt securities	271,206	405,434
Long-term debt securities	88,168	92,073
Fair Value, Measurements, Recurring | Level 1 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 1 | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable equity security	0	0
Total	886,628	863,219
Fair Value, Measurements, Recurring | Level 2 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Customer funds	0	0
Fair Value, Measurements, Recurring | Level 2 | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Fair Value, Measurements, Recurring | Level 2 | Reverse repurchase agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds	0	0
Fair Value, Measurements, Recurring | Level 2 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	41,186
Customer funds	39,521	160,478
Short-term debt securities	102,533	154,004
Long-term debt securities	122,205	169,278
Fair Value, Measurements, Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	38,995	0
Fair Value, Measurements, Recurring | Level 2 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	490	0
Short-term debt securities	138,028	77,199
Long-term debt securities	284,906	176,014
Fair Value, Measurements, Recurring | Level 2 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	80,137	4,999
Fair Value, Measurements, Recurring | Level 2 | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Customer funds	0	0
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 2 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	9,565	10,431
Long-term debt securities	1,051	1,060
Fair Value, Measurements, Recurring | Level 2 | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	42,985	43,045
Long-term debt securities	26,212	25,525
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in marketable equity security	0	0
Total	0	0
Fair Value, Measurements, Recurring | Level 3 | Money market funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Customer funds	0	0
Fair Value, Measurements, Recurring | Level 3 | Mutual funds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Fair Value, Measurements, Recurring | Level 3 | Reverse repurchase agreement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. agency securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Customer funds	0	0
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Fair Value, Measurements, Recurring | Level 3 | Corporate bonds
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Commercial paper
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | U.S. government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	0	0
Customer funds	0	0
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Municipal securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	0	0
Long-term debt securities	0	0
Fair Value, Measurements, Recurring | Level 3 | Foreign government securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities	0	0
Long-term debt securities	$ 0	$ 0

FAIR VALUE OF FINANCIAL INSTR_4

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value and Carrying Value of Convertible Senior Notes (Details) - Level 2 - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	$ 2,984,889	$ 2,586,924
Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	5,821,644	5,693,241
2027 Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	566,210	458,496
2027 Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	655,305	644,000
2026 Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	566,348	482,204
2026 Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	647,628	638,250
2025 Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	988,082	858,332
2025 Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	1,954,240	1,912,440
2023 Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	859,575	780,046
2023 Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	2,517,931	2,417,820
2022 Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	4,674	7,846
2022 Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible senior notes	$ 46,540	$ 80,731

FAIR VALUE OF FINANCIAL INSTR_5

FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value and Carrying Value of Loans Held for Sale (Details) - Level 3 - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	$ 742,378	$ 462,665
Fair Value (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	$ 851,262	$ 467,805

FAIR VALUE OF FINANCIAL INSTR_6

FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended		15 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	$ 742,378		$ 742,378	$ 462,665
Loans held for sale forgiven	155,300		201,700
Revenue	5,057,270	$ 1,381,109
Paycheck Protection Program, CARES Act Loans
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	692,400		$ 692,400
Revenue	9,400
Loans Receivable Held-For-Sale
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Excess amortized cost over fair value of loans	$ 900	$ 22,000

PROPERTY AND EQUIPMENT, NET - S

PROPERTY AND EQUIPMENT, NET - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 494,231	$ 461,641
Less: Accumulated depreciation and amortization	(248,529)	(228,121)
Property and equipment, net	245,702	233,520
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	182,885	168,125
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	143,962	139,174
Capitalized software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	127,971	119,452
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 39,413	$ 34,890

PROPERTY AND EQUIPMENT, NET - N

PROPERTY AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense on property and equipment	$ 22.3	$ 15.9

GOODWILL - Schedule of Change i

GOODWILL - Schedule of Change in Carrying Value of Goodwill (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 316,701
Other adjustments	(264)
Goodwill, ending balance	316,437
Cash App
Goodwill [Roll Forward]
Goodwill, beginning balance	128,838
Other adjustments	(264)
Goodwill, ending balance	128,574
Seller
Goodwill [Roll Forward]
Goodwill, beginning balance	187,863
Other adjustments	0
Goodwill, ending balance	$ 187,863

GOODWILL - Narrative (Details)

GOODWILL - Narrative (Details)	3 Months Ended
	Mar. 31, 2021segment
Goodwill [Line Items]
Number of reportable segments	2
Number of operating segments	2

ACQUIRED INTANGIBLE ASSETS - Sc

ACQUIRED INTANGIBLE ASSETS - Schedule of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	$ 201,376	$ 202,326
Accumulated Amortization	(71,580)	(64,714)
Net	$ 129,796	$ 137,612	$ 81,936	$ 69,079
Technology assets
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period	5 years	5 years
Cost	$ 119,011	$ 119,508
Accumulated Amortization	(47,372)	(43,084)
Net	$ 71,639	$ 76,424
Customer assets
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period	11 years	11 years
Cost	$ 58,375	$ 58,556
Accumulated Amortization	(12,256)	(10,796)
Net	$ 46,119	$ 47,760
Trade name
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period	6 years	6 years
Cost	$ 18,274	$ 18,529
Accumulated Amortization	(8,980)	(8,031)
Net	$ 9,294	$ 10,498
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period	8 years	8 years
Cost	$ 5,716	$ 5,733
Accumulated Amortization	(2,972)	(2,803)
Net	$ 2,744	$ 2,930

ACQUIRED INTANGIBLE ASSETS - Ch

ACQUIRED INTANGIBLE ASSETS - Change in Carrying Value of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Finite-lived Intangible Assets [Roll Forward]
Acquired intangible assets, net, beginning of the period	$ 137,612	$ 69,079
Acquisitions	0	17,009
Amortization expense	(6,884)	(4,152)
Other Adjustments	(932)	0
Acquired intangible assets, net, end of the period	$ 129,796	$ 81,936

ACQUIRED INTANGIBLE ASSETS - Fu

ACQUIRED INTANGIBLE ASSETS - Future Amortization Expense of Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2021	$ 20,640
2022	25,493
2023	24,241
2024	21,264
2025	14,436
Thereafter	23,722
Net	$ 129,796	$ 137,612	$ 81,936	$ 69,079

OTHER CONSOLIDATED BALANCE SH_5

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) - Other Current Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Short term investment in marketable equity security	$ 328,384	$ 0
Inventory, net	63,825	61,129
Restricted cash	32,891	30,279	$ 34,315
Processing costs receivable	203,837	148,606
Prepaid expenses	53,879	34,279
Accounts receivable, net	60,201	41,960
Other	80,589	66,814
Total	823,606	$ 383,067
Short term investment in marketable security, loss on sale	$ 28,900

OTHER CONSOLIDATED BALANCE SH_6

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued expenses	$ 174,037	$ 126,710
Square Payroll payable	57,807	16,990
Accrued transaction losses	48,622	70,557
Accounts payable	51,354	47,089
Deferred revenue, current	47,598	44,908
Current portion of long-term debt	4,687	0
Other	64,519	54,596
Total	$ 448,624	$ 360,850

OTHER CONSOLIDATED BALANCE SH_7

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) - Reserve for Transaction Losses (Details) - Transaction Losses - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Loss Contingency Accrual [Roll Forward]
Accrued transaction losses, beginning of the period	$ 70,557	$ 34,771
Provision for transaction losses	(6,742)	79,303
Charge-offs to accrued transaction losses	(15,193)	(17,413)
Accrued transaction losses, end of the period	$ 48,622	$ 96,661

OTHER CONSOLIDATED BALANCE SH_8

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Transaction Losses
Loss Contingencies [Line Items]
Provisions for transaction losses realized and written-off within the same period	$ 82.1	$ 38.8

OTHER CONSOLIDATED BALANCE SH_9

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) - Other Non-Current Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020
Acquired Indefinite-lived Intangible Assets [Line Items]
Investment in non-marketable equity securities	$ 54,980	$ 32,510
Investment in marketable equity security	0	376,258
Investment in bitcoin	200,140	50,000
Restricted cash	63,509	13,526	$ 13,286
Other	33,427	26,956
Total	352,056	499,250
Bitcoin impairment losses	19,860		$ 0
Bitcoin
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible asset acquired	170,000	$ 50,000
Fair value of bitcoin investment	472,000
Amount of fair value in excess of carrying value for bitcoin investment	271,900
Bitcoin impairment losses	$ 19,900

OTHER CONSOLIDATED BALANCE S_10

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) - Other Non-Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Statutory liabilities	$ 84,298	$ 75,370
Other	8,376	9,921
Total	$ 92,674	$ 85,291

INDEBTEDNESS - Facility Narrati

INDEBTEDNESS - Facility Narrative (Details) - USD ($)	1 Months Ended	3 Months Ended
	May 31, 2020	Mar. 31, 2021	Mar. 31, 2020	Jan. 28, 2021	Dec. 31, 2020	Nov. 09, 2020	May 28, 2020
Debt Instrument [Line Items]
Paycheck protection program liquidity facility advances outstanding		$ 764,208,000			$ 464,094,000
Line of Credit | Paycheck Protection Program Liquidity Facility
Debt Instrument [Line Items]
Maximum borrowing capacity				$ 1,000,000,000			$ 500,000,000
Paycheck protection program liquidity facility advances outstanding		764,200,000
Revolving Credit Facility | Line of Credit | 2020 Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 500,000,000
Debt covenant, minimum quarterly liquidity amount	$ 250,000,000
Unused commitment fee percentage	0.15%
Amounts drawn to date		0
Letters of credit outstanding		0
Remaining borrowing capacity		500,000,000
Unused commitment fees		$ 200,000	$ 100,000
Revolving Credit Facility | Line of Credit | Federal Funds Rate | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Revolving Credit Facility | Line of Credit | LIBOR | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.00%
Revolving Credit Facility | Line of Credit | LIBOR | Minimum | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Additional basis spread on variable rate	0.25%
Revolving Credit Facility | Line of Credit | LIBOR | Maximum | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Additional basis spread on variable rate	0.75%
Revolving Credit Facility | Convertible Debt | Credit Agreement, Second Amendment
Debt Instrument [Line Items]
Maximum borrowing capacity						$ 3,600,000,000

INDEBTEDNESS - Convertible Seni

INDEBTEDNESS - Convertible Senior Notes Narrative (Details) - Convertible Debt $ / shares in Units, shares in Millions	Nov. 13, 2020USD ($)day$ / shares	Mar. 05, 2020USD ($)day$ / shares	May 25, 2018USD ($)day$ / shares	Mar. 06, 2017USD ($)day$ / shares	Mar. 31, 2021USD ($)shares	Mar. 31, 2021USD ($)shares	Jan. 01, 2021	Dec. 31, 2020USD ($)
Debt Instrument [Line Items]
Conversion price (in USD per share) | $ / shares		$ 121.01	$ 77.85	$ 22.95
Carrying amount of equity component								$ 502,708,000
Issuance costs attributable to the liability component					$ 32,309,000	$ 32,309,000		28,958,000
2026 and 2027 Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 1,150,000,000
Conversion rate	0.003343
Conversion price (in USD per share) | $ / shares	$ 299.13
Redemption price, percentage	100.00%
Carrying amount of equity component	$ 198,000,000
Discounts and commissions payable	17,500,000
Third party offering costs	$ 1,000,000
Amount of if-converted value in excess of outstanding principal amount					0
2026 and 2027 Notes | Debt Instrument, Conversion Term One
Debt Instrument [Line Items]
Threshold trading days | day	20
Threshold consecutive trading days | day	30
Threshold percentage of stock price trigger	130.00%
2026 and 2027 Notes | Debt Instrument Conversion Term Two
Debt Instrument [Line Items]
Threshold trading days | day	5
Threshold consecutive trading days | day	5
Threshold percentage of stock price trigger	98.00%
2026 Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 575,000,000
Interest rate	0.00%
Conversion price (in USD per share) | $ / shares	$ 299.13
Carrying amount of equity component								$ 85,595,000
Effective interest rate of the liability component	3.35%							3.35%
Issuance costs attributable to the liability component					8,652,000	8,652,000		$ 7,711,000
2026 Notes | Accounting Standards Update 2020-06
Debt Instrument [Line Items]
Effective interest rate of the liability component							0.49%
2027 Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 575,000,000
Interest rate	0.25%
Conversion price (in USD per share) | $ / shares	$ 299.13
Carrying amount of equity component								$ 109,207,000
Effective interest rate of the liability component	3.66%							3.66%
Issuance costs attributable to the liability component					8,790,000	8,790,000		$ 7,370,000
2027 Notes | Accounting Standards Update 2020-06
Debt Instrument [Line Items]
Effective interest rate of the liability component							0.30%
2025 Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 1,000,000,000
Interest rate		0.125%
Conversion rate		0.0082641
Conversion price (in USD per share) | $ / shares		$ 121.01
Redemption price, percentage		100.00%
Carrying amount of equity component		$ 154,600,000						$ 152,258,000
Effective interest rate of the liability component		3.81%						3.81%
Discounts and commissions payable		$ 14,300,000
Third party offering costs		900,000
Issuance costs attributable to the liability component	$ 15,400,000	$ 12,800,000			11,918,000	11,918,000		$ 11,333,000
Amount of if-converted value in excess of outstanding principal amount					876,400,000
2025 Notes | Accounting Standards Update 2020-06
Debt Instrument [Line Items]
Effective interest rate of the liability component							0.43%
2025 Notes | Debt Instrument, Conversion Term One
Debt Instrument [Line Items]
Threshold trading days | day		20
Threshold consecutive trading days | day		30
Threshold percentage of stock price trigger		130.00%
2025 Notes | Debt Instrument Conversion Term Two
Debt Instrument [Line Items]
Threshold trading days | day		5
Threshold consecutive trading days | day		5
Threshold percentage of stock price trigger		98.00%
2023 Notes
Debt Instrument [Line Items]
Aggregate principal amount			$ 862,500,000
Interest rate			0.50%
Conversion rate			0.0128456
Conversion price (in USD per share) | $ / shares			$ 77.85
Carrying amount of equity component			$ 155,300,000					$ 154,019,000
Effective interest rate of the liability component			4.69%					4.69%
Discounts and commissions payable			$ 6,000,000
Third party offering costs			800,000
Issuance costs attributable to the liability component			$ 5,600,000		2,925,000	2,925,000		$ 2,474,000
Amount of if-converted value in excess of outstanding principal amount					1,700,000,000
2023 Notes | Accounting Standards Update 2020-06
Debt Instrument [Line Items]
Effective interest rate of the liability component							0.66%
2023 Notes | Debt Instrument, Conversion Term One
Debt Instrument [Line Items]
Threshold trading days | day			20
Threshold consecutive trading days | day			30
Threshold percentage of stock price trigger			130.00%
2023 Notes | Debt Instrument Conversion Term Two
Debt Instrument [Line Items]
Threshold trading days | day			5
Threshold consecutive trading days | day			5
Threshold percentage of stock price trigger			98.00%
2022 Notes
Debt Instrument [Line Items]
Aggregate principal amount				$ 440,000,000
Interest rate				0.375%
Conversion rate				0.0435749
Conversion price (in USD per share) | $ / shares				$ 22.95
Carrying amount of equity component				$ 86,200,000				$ 1,629,000
Effective interest rate of the liability component				5.34%				5.34%
Discounts and commissions payable				$ 11,000,000
Third party offering costs				800,000
Issuance costs attributable to the liability component				$ 9,400,000	24,000	24,000		$ 70,000
Notes converted					$ 3,800,000	435,300,000
Principal payment on conversion of senior notes						$ 219,400,000
Shares issued upon conversion (in shares) | shares					0.2	16.3
Amount of if-converted value in excess of outstanding principal amount					$ 41,900,000
2022 Notes | Accounting Standards Update 2020-06
Debt Instrument [Line Items]
Effective interest rate of the liability component							0.93%
2022 Notes | Debt Instrument, Conversion Term One
Debt Instrument [Line Items]
Threshold trading days | day				20
Threshold consecutive trading days | day				30
Threshold percentage of stock price trigger				130.00%
2022 Notes | Debt Instrument Conversion Term Two
Debt Instrument [Line Items]
Threshold trading days | day				5
Threshold consecutive trading days | day				5
Threshold percentage of stock price trigger				98.00%

INDEBTEDNESS - Net Carrying Amo

INDEBTEDNESS - Net Carrying Amount of Convertible Notes (Details) - Convertible Debt - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Nov. 13, 2020	Mar. 05, 2020	May 25, 2018	Mar. 06, 2017
Debt Instrument [Line Items]
Principal outstanding	$ 3,017,198	$ 3,021,045
Unamortized debt discount		(405,163)
Unamortized debt issuance costs	(32,309)	(28,958)
Net carrying value	2,984,889	2,586,924
2027 Notes
Debt Instrument [Line Items]
Principal outstanding	575,000	575,000
Unamortized debt discount		(109,134)
Unamortized debt issuance costs	(8,790)	(7,370)
Net carrying value	566,210	458,496
2026 Notes
Debt Instrument [Line Items]
Principal outstanding	575,000	575,000
Unamortized debt discount		(85,085)
Unamortized debt issuance costs	(8,652)	(7,711)
Net carrying value	566,348	482,204
2025 Notes
Debt Instrument [Line Items]
Principal outstanding	1,000,000	1,000,000
Unamortized debt discount		(130,335)
Unamortized debt issuance costs	(11,918)	(11,333)	$ (15,400)	$ (12,800)
Net carrying value	988,082	858,332
2023 Notes
Debt Instrument [Line Items]
Principal outstanding	862,500	862,500
Unamortized debt discount		(79,980)
Unamortized debt issuance costs	(2,925)	(2,474)			$ (5,600)
Net carrying value	859,575	780,046
2022 Notes
Debt Instrument [Line Items]
Principal outstanding	4,698	8,545
Unamortized debt discount		(629)
Unamortized debt issuance costs	(24)	(70)				$ (9,400)
Net carrying value	$ 4,674	$ 7,846

INDEBTEDNESS - Net Carrying A_2

INDEBTEDNESS - Net Carrying Amount of Equity Component of Convertible Notes (Details) - Convertible Debt - USD ($) $ in Thousands	Dec. 31, 2020	Mar. 05, 2020	May 25, 2018	Mar. 06, 2017
Debt Instrument [Line Items]
Amount allocated to conversion option	$ 509,524
Less: allocated issuance costs	(6,816)
Equity component, net	502,708
2027 Notes
Debt Instrument [Line Items]
Amount allocated to conversion option	111,000
Less: allocated issuance costs	(1,793)
Equity component, net	109,207
2026 Notes
Debt Instrument [Line Items]
Amount allocated to conversion option	87,000
Less: allocated issuance costs	(1,405)
Equity component, net	85,595
2025 Notes
Debt Instrument [Line Items]
Amount allocated to conversion option	154,600
Less: allocated issuance costs	(2,342)
Equity component, net	152,258	$ 154,600
2023 Notes
Debt Instrument [Line Items]
Amount allocated to conversion option	155,250
Less: allocated issuance costs	(1,231)
Equity component, net	154,019		$ 155,300
2022 Notes
Debt Instrument [Line Items]
Amount allocated to conversion option	1,674
Less: allocated issuance costs	(45)
Equity component, net	$ 1,629			$ 86,200

INDEBTEDNESS - Interest Expense

INDEBTEDNESS - Interest Expense on Convertible Notes (Details) - Convertible Debt - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Debt Instrument [Line Items]
Contractual interest expense	$ 1,728	$ 1,373
Amortization of debt issuance costs	1,832	12,528
Total	$ 3,560	$ 13,901

INDEBTEDNESS - Convertible Note

INDEBTEDNESS - Convertible Note Hedge and Warrant Transactions Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	Nov. 13, 2020	Mar. 05, 2020	May 25, 2018	Mar. 06, 2017	Mar. 31, 2021	Mar. 31, 2020	Mar. 31, 2021
Debt Instrument [Line Items]
Proceeds from issuance of warrants					$ 0	$ 99,500
Convertible Debt
Debt Instrument [Line Items]
Conversion price of convertible debt (in USD per share)		$ 121.01	$ 77.85	$ 22.95
Conversion price of convertible debt after effect of warrants and note hedge (in USD per share)		$ 161.34	$ 109.26	$ 31.18
Convertible Debt | 2027 Notes
Debt Instrument [Line Items]
Conversion price of convertible debt (in USD per share)	$ 299.13
Conversion price of convertible debt after effect of warrants and note hedge (in USD per share)	414.18
Convertible Debt | 2026 Notes
Debt Instrument [Line Items]
Conversion price of convertible debt (in USD per share)	299.13
Conversion price of convertible debt after effect of warrants and note hedge (in USD per share)	$ 368.16
Common Stock Warrant, 2027 Notes
Debt Instrument [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)	1,920
Warrants, weighted average exercise price (in USD per share)	$ 414.18
Proceeds from issuance of warrants	$ 68,000
Common Stock Warrant, 2026 Notes
Debt Instrument [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)	1,920
Warrants, weighted average exercise price (in USD per share)	$ 368.16
Proceeds from issuance of warrants	$ 64,600
Common Stock Warrant, 2025 Notes
Debt Instrument [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)		8,260
Warrants, weighted average exercise price (in USD per share)		$ 161.34
Proceeds from issuance of warrants		$ 99,500
Common Stock Warrant, 2023 Notes
Debt Instrument [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)			11,100
Warrants, weighted average exercise price (in USD per share)			$ 109.26
Proceeds from issuance of warrants			$ 112,100
Common Stock Warrant, 2022 Notes
Debt Instrument [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)				19,200
Warrants, weighted average exercise price (in USD per share)				$ 31.18
Proceeds from issuance of warrants				$ 57,200
Shares of common stock received due to exercise of note hedges (in shares)					5,300		14,700
Options Held
Debt Instrument [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)	1,920	8,260	11,100	19,200
Convertible note hedge, option to purchase common stock, price (in USD per share)	$ 299.13	$ 121.01	$ 77.85	$ 22.95
Cost of convertible note hedge		$ 149,200	$ 172,600	$ 92,100
Options Held | 2027 Notes
Debt Instrument [Line Items]
Cost of convertible note hedge	$ 104,300
Options Held | 2026 Notes
Debt Instrument [Line Items]
Cost of convertible note hedge	$ 84,600

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 947	$ 535

STOCKHOLDERS' EQUITY - Common S

STOCKHOLDERS' EQUITY - Common Stock, Warrants, Conversion of Notes and Exercise Convertible Note Hedges Narrative (Details)	3 Months Ended	49 Months Ended
	Mar. 31, 2021vote$ / sharesshares	Mar. 31, 2021$ / sharesshares	Dec. 31, 2020$ / sharesshares	Nov. 13, 2020$ / sharesshares	Mar. 05, 2020$ / sharesshares	May 25, 2018$ / sharesshares	Mar. 06, 2017$ / sharesshares
Common Stock Warrant, 2022 Notes
Class of Stock [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)							19,200,000
Warrants, weighted average exercise price (in USD per share) | $ / shares							$ 31.18
Number of warrants exercised (in shares)	0	0
Shares of common stock received due to exercise of note hedges (in shares)	5,300,000	14,700,000
Common Stock Warrant, 2023 Notes
Class of Stock [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)						11,100,000
Warrants, weighted average exercise price (in USD per share) | $ / shares						$ 109.26
Number of warrants exercised (in shares)	0	0
Common Stock Warrant, 2025 Notes
Class of Stock [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)					8,260,000
Warrants, weighted average exercise price (in USD per share) | $ / shares					$ 161.34
Number of warrants exercised (in shares)	0	0
Common Stock Warrant, 2026 Notes
Class of Stock [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)				1,920,000
Warrants, weighted average exercise price (in USD per share) | $ / shares				$ 368.16
Number of warrants exercised (in shares)	0	0
Common Stock Warrant, 2027 Notes
Class of Stock [Line Items]
Warrants to purchase aggregate shares of capital stock (in shares)				1,920,000
Warrants, weighted average exercise price (in USD per share) | $ / shares				$ 414.18
Number of warrants exercised (in shares)	0	0
Class A
Class of Stock [Line Items]
Common stock, number of votes entitled for each share held (in votes) | vote	1
Common stock, shares authorized (in shares)	1,000,000,000	1,000,000,000	1,000,000,000
Common stock, par value (in USD per share) | $ / shares	$ 0.00	$ 0.00	$ 0.00
Common stock, shares outstanding (in shares)	390,680,544	390,680,544	390,187,079
Class B
Class of Stock [Line Items]
Common stock, number of votes entitled for each share held (in votes) | vote	10
Common stock, shares authorized (in shares)	500,000,000	500,000,000	500,000,000
Common stock, par value (in USD per share) | $ / shares	$ 0.00	$ 0.00	$ 0.00
Common stock, shares outstanding (in shares)	63,987,897	63,987,897	65,997,697

STOCKHOLDERS' EQUITY - Stock Pl

STOCKHOLDERS' EQUITY - Stock Plans and Share Based Compensation Narrative (Details) $ in Thousands	Nov. 17, 2015shares	Mar. 31, 2021USD ($)planshares	Mar. 31, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share based compensation plans | plan		2
Employee stock purchase plan, compensation expense | $		$ 118,623	$ 77,303
Capitalized share-based compensation expense | $		3,400	2,300
Unrecognized compensation cost | $		$ 1,100,000
Unrecognized compensation cost, period for recognition		2 years 9 months 3 days
Employee stock purchase plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee stock purchase plan, compensation expense | $		$ 8,800	$ 4,700
2009 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future issuance (in shares)	0
2009 Stock Option Plan | Stock options, RSAs, and RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments outstanding (in shares)		8,404,227
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for future issuance (in shares)		121,543,822
Shares reserved for future issuance (in shares)	30,000,000
Shares reserved for future issuance, percentage of annual increase	5.00%
2015 Equity Incentive Plan | Stock options, RSAs, and RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity instruments outstanding (in shares)		16,874,534
2015 Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance, amount of annual increase (in shares)	40,000,000

STOCKHOLDERS' EQUITY - Stock Op

STOCKHOLDERS' EQUITY - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2021
Number of Stock Options Outstanding
Beginning balance (in shares)	13,630,882
Exercised (in shares)	(2,592,301)
Ending balance (in shares)	11,038,581	13,630,882
Weighted Average Exercise Price
Beginning balance (in USD per share)	$ 17.84
Exercised (in USD per share)	12.69
Ending balance (in USD per share)	$ 17.84	$ 17.84	$ 19.06
Options Exercisable
Options exercisable (in shares)			9,605,627
Options exercisable (in USD per share)			$ 12.66
Additional Disclosures
Weighted average remaining contractual term, options outstanding	4 years 2 months 4 days	3 years 10 months 2 days
Weighted average remaining contractual term, options exercisable	3 years 6 months 3 days
Aggregate intrinsic value, options outstanding		$ 2,723,394	$ 2,295,969
Aggregate intrinsic value, options exercisable			$ 2,059,368

STOCKHOLDERS' EQUITY - Restrict

STOCKHOLDERS' EQUITY - Restricted Stock Awards and Restricted Stock Units Activity (Details) - RSAs and RSUs	3 Months Ended
	Mar. 31, 2021$ / sharesshares
Number of shares
Beginning balance (in shares) | shares	15,622,645
Granted (in shares) | shares	571,632
Vested (in shares) | shares	(1,744,585)
Forfeited (in shares) | shares	(209,512)
Ending balance (in shares) | shares	14,240,180
Weighted Average Grant Date Fair Value
Beginning balance (in USD per share) | $ / shares	$ 71.71
Granted (in USD per share) | $ / shares	202.58
Vested (in USD per share) | $ / shares	53.27
Forfeited (in USD per share) | $ / shares	78.71
Ending balance (in USD per share) | $ / shares	$ 79.12

STOCKHOLDERS' EQUITY - Effects

STOCKHOLDERS' EQUITY - Effects of Share-Based Compensation on Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ 118,623	$ 77,303
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	99	76
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	86,895	57,400
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	10,880	6,407
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ 20,749	$ 13,420

NET INCOME (LOSS) PER SHARE - C

NET INCOME (LOSS) PER SHARE - Calculation of Basic and Diluted Net Income (Loss) Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Numerator:
Net income (loss)	$ 39,008	$ (105,891)
Basic shares:
Weighted-average common shares outstanding (in shares)	455,414	435,680
Weighted-average unvested shares (in shares)	(441)	(740)
Weighted-average shares used to compute basic net income (loss) per share (in shares)	454,973	434,940
Diluted shares:
Stock options, restricted stock, and employee stock purchase plan (in shares)	20,972	0
Convertible senior notes (in shares)	322	0
Common stock warrants (in shares)	25,086	0
Weighted-average shares used to compute diluted net loss per share (in shares)	501,353	434,940
Net income (loss) per share:
Basic (in USD per share)	$ 0.09	$ (0.24)
Diluted (in USD per share)	$ 0.08	$ (0.24)

NET INCOME (LOSS) PER SHARE - A

NET INCOME (LOSS) PER SHARE - Antidilutive Securities Excluded from Computation of Diluted Net Income (Loss) Per Share (Details) - shares shares in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of diluted net income (loss) per share (in shares)	27,229	91,133
Stock options, restricted stock, and employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of diluted net income (loss) per share (in shares)	6,109	36,042
Common stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of diluted net income (loss) per share (in shares)	17,275	32,613
Convertible senior notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of diluted net income (loss) per share (in shares)	3,845	22,478

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Jul. 31, 2019
Related Party Transaction [Line Items]
Total lease payments over term	$ 550,495
Operating lease right-of-use assets	463,331	$ 456,888
Operating lease liability	455,854
Affiliated Entity | Operating Lease Agreement
Related Party Transaction [Line Items]
Operating lease term			15 years 6 months
Total lease payments over term			$ 42,700
Operating lease right-of-use assets	21,300
Operating lease liability	$ 33,100

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Operating and Finance Leases Narrative (Details)	1 Months Ended	3 Months Ended
	Jul. 31, 2019USD ($)ft²renewal_option	Mar. 31, 2021USD ($)
Lessee, Lease, Description [Line Items]
Total lease payments over term		$ 550,495,000
Finance lease obligation		$ 0
Operating Lease Agreement | Affiliated Entity
Lessee, Lease, Description [Line Items]
Operating lease, number of renewal options | renewal_option	2
Operating lease renewal term	5 years
Leased area of office space (in sq ft) | ft²	226,185
Operating lease term	15 years 6 months
Total lease payments over term	$ 42,700,000
Maximum
Lessee, Lease, Description [Line Items]
Operating lease, option to terminate leased space (up to)	0.50
Building
Lessee, Lease, Description [Line Items]
Operating lease renewal term		5 years
Operating lease option to terminate term		1 year
Building | Minimum
Lessee, Lease, Description [Line Items]
Operating lease remaining term		1 year
Building | Maximum
Lessee, Lease, Description [Line Items]
Operating lease remaining term		16 years

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Lease Expense Components (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
Fixed operating lease costs	$ 20,432	$ 15,125
Variable operating lease costs	3,508	5,724
Short term lease costs	388	1,856
Sublease income	(2,625)	(1,437)
Amortization of finance lease right-of-use assets	0	1,054
Total lease costs	$ 21,703	$ 22,322

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Other Information Related to Leases (Details)	Mar. 31, 2021
Weighted Average Remaining Lease Term:
Operating leases	8 years 6 months
Weighted Average Discount Rate:
Operating leases	4.00%

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES - Cash Flows Related to Leases (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Cash flows from operating activities:
Payments for operating lease liabilities	$ (18,250)	$ (9,570)
Cash flows from financing activities:
Principal payments on finance lease obligation	0	(1,054)
Supplemental Cash Flow Data:
Right-of-use assets obtained in exchange for operating lease obligations	$ 22,715	$ 255,553

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES - Future Minimum Lease Payments Under Non-Cancelable Operating Leases and Finance Leases (Details) $ in Thousands	Mar. 31, 2021USD ($)
Operating
Remainder of 2021	$ 53,124
2022	79,498
2023	73,060
2024	54,291
2025	49,424
Thereafter	241,098
Total	550,495
Less: amount representing interest	80,806
Less: lease incentives	13,835
Total	$ 455,854

COMMITMENTS AND CONTINGENCIES_6

COMMITMENTS AND CONTINGENCIES - Other Contingencies Narrative (Details) $ in Millions	Jun. 15, 2020USD ($)
TEXAS
Income Tax Examination [Line Items]
Estimate of possible liability for additional taxes, interest and penalties	$ 38

SEGMENT AND GEOGRAPHICAL INFO_3

SEGMENT AND GEOGRAPHICAL INFORMATION - Narrative (Details)	3 Months Ended
	Mar. 31, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	2

SEGMENT AND GEOGRAPHICAL INFO_4

SEGMENT AND GEOGRAPHICAL INFORMATION - Segment Reporting Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenue	$ 5,057,270	$ 1,381,109
Segment gross profit	963,501	538,501
Operating Segments
Segment Reporting Information [Line Items]
Revenue	5,057,270	1,381,109
Segment gross profit	963,501	538,501
Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	4,039,616	527,642
Segment gross profit	495,485	182,732
Seller | Operating Segments
Segment Reporting Information [Line Items]
Revenue	1,017,654	853,467
Segment gross profit	468,016	355,769
Transaction-based revenue
Segment Reporting Information [Line Items]
Revenue	959,733	758,101
Transaction-based revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenue	959,733	758,101
Transaction-based revenue | Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	91,959	27,819
Transaction-based revenue | Seller | Operating Segments
Segment Reporting Information [Line Items]
Revenue	867,774	730,282
Subscription and services-based revenue
Segment Reporting Information [Line Items]
Revenue	525,065	255,883
Revenue	557,681	296,235
Subscription and services-based revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenue	557,681	296,235
Subscription and services-based revenue | Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	436,589	193,725
Subscription and services-based revenue | Seller | Operating Segments
Segment Reporting Information [Line Items]
Revenue	121,092	102,510
Hardware revenue
Segment Reporting Information [Line Items]
Revenue	28,788	20,675
Hardware revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenue	28,788	20,675
Hardware revenue | Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	0	0
Hardware revenue | Seller | Operating Segments
Segment Reporting Information [Line Items]
Revenue	28,788	20,675
Bitcoin revenue
Segment Reporting Information [Line Items]
Revenue	3,511,068	306,098
Bitcoin revenue | Operating Segments
Segment Reporting Information [Line Items]
Revenue	3,511,068	306,098
Bitcoin revenue | Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	3,511,068	306,098
Bitcoin revenue | Seller | Operating Segments
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 0

SEGMENT AND GEOGRAPHICAL INFO_5

SEGMENT AND GEOGRAPHICAL INFORMATION - Reconciliation of Total Segment Profit to Income before applicable Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment gross profit	$ 963,501	$ 538,501
Less: Product development	308,678	194,986
Less: Sales and marketing	349,460	194,535
Less: General and administrative	195,909	129,495
Less: Transaction and loan losses	20,395	108,883
Less: Bitcoin impairment losses	19,860	0
Less: Amortization of acquired customer assets	6,884	4,152
Less: Interest expense, net	253	9,206
Less: Other expense, net	27,528	5,862
Income (loss) before income tax	39,955	(105,356)
Customer assets
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Less: Amortization of acquired customer assets	1,463	890
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Total segment gross profit	$ 963,501	$ 538,501

SEGMENT AND GEOGRAPHICAL INFO_6

SEGMENT AND GEOGRAPHICAL INFORMATION - Revenue by Geographic Area (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 5,057,270	$ 1,381,109
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	4,963,335	1,313,586
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 93,935	$ 67,523

SEGMENT AND GEOGRAPHICAL INFO_7

SEGMENT AND GEOGRAPHICAL INFORMATION - Long-lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 1,155,266	$ 1,144,721
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	1,100,550	1,086,379
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 54,716	$ 58,342

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION - Analysis of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Supplemental Cash Flow Elements [Abstract]
Cash and cash equivalents	$ 3,022,485	$ 3,158,058	$ 1,962,316
Short-term restricted cash	32,891	30,279	34,315
Long-term restricted cash	63,509	13,526	13,286
Cash, cash equivalents, and restricted cash	$ 3,118,885	$ 3,201,863	$ 2,009,917	$ 1,098,706

SUPPLEMENTAL CASH FLOW INFORM_4

SUPPLEMENTAL CASH FLOW INFORMATION - Supplemental Cash Flow Data (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Supplemental Cash Flow Data:
Cash paid for interest	$ 828	$ 397
Cash paid for income taxes	6,376	2,599
Supplemental disclosures of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease obligations	22,715	255,553
Purchases of property and equipment in accounts payable and accrued expenses	19,580	10,354
Unpaid business combination purchase price	0	7,338
Fair value of common stock issued and issuable in future related to business combination	0	(14,999)
Fair value of common stock issued to settle the conversion of senior notes	(37,204)	(77,614)
Fair value of shares received to settle senior note hedges	$ 1,260,718	$ 0

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) $ in Millions	Apr. 30, 2021USD ($)
TIDAL | Subsequent Event
Subsequent Event [Line Items]
Consideration transferred	$ 302