Block (XYZ) 10-K 24 Feb 25 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Billions	12 Months Ended
	Dec. 31, 2024	Feb. 18, 2025	Jun. 30, 2024
Class of Stock [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-37622
Entity Registrant Name	BLOCK, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	80-0429876
Entity Address, Address Line One	1955 Broadway
Entity Address, Address Line Two	Suite 600
Entity Address, City or Town	Oakland
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94612
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	XYZ
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
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
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 37.8
Documents Incorporated by Reference	Portions of the registrant’s Definitive Proxy Statement relating to the Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated. Such Definitive Proxy Statement will be filed with the Securities and Exchange Commission within 120 days after the end of the registrant’s fiscal year ended December 31, 2024.
Entity Central Index Key	0001512673
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Class A
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		559,431,000
Class B
Class of Stock [Line Items]
Entity Common Stock, Shares Outstanding		60,049,000

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2024
Audit Information [Abstract]
Auditor Name	Ernst & Young LLP
Auditor Location	San Francisco, California
Auditor Firm ID	42

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents	$ 8,075,247	$ 4,996,465
Investments in short-term debt securities	403,426	851,901
Settlements receivable	1,060,966	3,226,294
Customer funds	4,182,872	3,170,430
Loans held for sale	1,111,107	775,424
Other current assets	2,541,704	2,353,488
Total current assets	19,880,201	17,818,697
Property and equipment, net	314,432	296,056
Goodwill	11,417,422	11,919,720
Acquired intangible assets, net	1,433,067	1,761,521
Investments in long-term debt securities	471,977	251,127
Operating lease right-of-use assets	219,954	244,701
Deferred tax assets (Note 15)	1,800,994	9,397
Other non-current assets	1,239,548	730,089
Total assets	36,777,595	33,031,308
Current liabilities:
Customers payable	5,837,152	6,795,340
Accrued expenses and other current liabilities	1,525,149	1,334,669
Current portion of long-term debt (Note 14)	999,497	0
Warehouse funding facilities, current	185,000	753,035
Total current liabilities	8,546,798	8,883,044
Deferred tax liabilities	162,435	35,695
Warehouse funding facilities, non-current	1,296,680	854,882
Long-term debt (Note 14)	5,105,939	4,120,091
Operating lease liabilities, non-current	278,617	289,788
Other non-current liabilities	152,164	154,972
Total liabilities	15,542,633	14,338,472
Commitments and contingencies (Note 19)
Stockholders’ equity:
Preferred stock, $0.0000001 par value: 100,000 shares authorized at December 31, 2024 and December 31, 2023. None issued and outstanding at December 31, 2024 and December 31, 2023.	0	0
Additional paid-in capital	19,900,379	19,601,992
Accumulated other comprehensive loss	(1,001,065)	(378,307)
Retained earnings (accumulated deficit)	2,368,618	(528,429)
Total stockholders’ equity attributable to common stockholders	21,267,932	18,695,256
Noncontrolling interests	(32,970)	(2,420)
Total stockholders’ equity	21,234,962	18,692,836
Total liabilities and stockholders’ equity	36,777,595	33,031,308
Consumer
Current assets:
Consumer receivables, net	2,504,879	2,444,695
Loans held for sale	652,489	274,630
Class A
Stockholders’ equity:
Common stock	0	0
Class B
Stockholders’ equity:
Common stock	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Class of Stock [Line Items]
Preferred stock, par value (in USD per share)	$ 0.00	$ 0.00
Preferred stock, authorized (in shares)	100,000,000	100,000,000
Preferred stock, issued (in shares)	0	0
Preferred stock, 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, authorized (in shares)	1,000,000,000	1,000,000,000
Common stock, issued (in shares)	559,606,000	555,306,000
Common stock, outstanding (in shares)	559,606,000	555,306,000
Class B
Class of Stock [Line Items]
Common stock, par value (in USD per share)	$ 0.00	$ 0.00
Common stock, authorized (in shares)	500,000,000	500,000,000
Common stock, issued (in shares)	60,070,000	60,515,000
Common stock, outstanding (in shares)	60,070,000	60,515,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands		12 Months Ended
		Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenue:
Revenue		$ 24,121,053	$ 21,915,623	$ 17,531,587
Cost of revenue:
Amortization of acquired technology assets		68,364	72,829	70,194
Total cost of revenue		15,232,017	14,410,737	11,539,695
Gross profit		8,889,036	7,504,886	5,991,892
Operating expenses:
Product development		2,914,415	2,720,819	2,135,612
Sales and marketing		1,984,265	2,019,009	2,057,951
General and administrative		2,149,099	2,209,190	1,686,849
Transaction, loan, and consumer receivable losses		794,221	660,663	550,683
Bitcoin impairment losses		0	0	46,571
Amortization of customer and other acquired intangible assets		154,709	174,044	138,758
Total operating expenses		7,996,709	7,783,725	6,616,424
Operating income (loss)		892,327	(278,839)	(624,532)
Interest expense (income), net		9,302	(47,221)	36,228
Remeasurement gain on bitcoin investment		(420,918)	(207,084)	0
Other expense (income), net		(53,211)	4,609	(95,443)
Income (loss) before income tax		1,357,154	(29,143)	(565,317)
Benefit for income taxes	[1]	(1,509,343)	(8,019)	(12,312)
Net income (loss)		2,866,497	(21,124)	(553,005)
Net Income (Loss) Attributable to Noncontrolling Interest		(30,550)	(30,896)	(12,258)
Net income (loss) attributable to common stockholders		$ 2,897,047	$ 9,772	$ (540,747)
Net income (loss) per share attributable to common stockholders:
Basic (in USD per share)		$ 4.70	$ 0.02	$ (0.93)
Diluted (in USD per share)		$ 4.56	$ 0.02	$ (0.93)
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:
Basic (in shares)		616,993	608,856	578,949
Diluted (in shares)		636,390	614,024	578,949
Transaction-based revenue
Revenue:
Revenue		$ 6,613,680	$ 6,315,301	$ 5,701,540
Cost of revenue:
Cost of revenue		3,881,013	3,702,016	3,364,028
Subscription and services-based revenue
Revenue:
Revenue		7,164,799	5,944,842	4,552,773
Cost of revenue:
Cost of revenue		1,135,813	1,075,129	861,745
Hardware revenue
Revenue:
Revenue		143,369	157,178	164,418
Cost of revenue:
Cost of revenue		236,441	267,650	286,995
Bitcoin revenue
Revenue:
Revenue		10,199,205	9,498,302	7,112,856
Cost of revenue:
Cost of revenue		$ 9,910,386	$ 9,293,113	$ 6,956,733
[1] Includes one-time benefits from income taxes of $1.9 billion in fiscal 2024 related to both the release of the Company's valuation allowance associated with certain federal and state deferred tax assets as well as the recognition of deferred tax assets as part of internal legal entity restructuring efforts. Refer to Note 15, Income Taxes within the Notes to the Consolidated Financial Statements for further details.

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Parenthetical) $ in Billions	12 Months Ended
	Dec. 31, 2024 USD ($)
Income Statement [Abstract]
Income tax benefit, related to valuation allowance release and DTA recognition	$ 1.9

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Statement of Comprehensive Income [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 2,866,497	$ (21,124)	$ (553,005)
Net foreign currency translation adjustments	(628,507)	104,728	(471,166)
Net unrealized gain (loss) on marketable debt securities, net of tax	5,749	40,055	(35,489)
Total comprehensive income (loss)	$ 2,243,739	$ 123,659	$ (1,059,660)

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Cumulative Effect, Period of Adoption, Adjustment	Class A and B common stock	Common stock and Additional paid-in capital	Accumulated other comprehensive income (loss)	Retained earnings (accumulated deficit)	Retained earnings (accumulated deficit) Cumulative Effect, Period of Adoption, Adjustment	Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2021			464,944
Beginning balance at Dec. 31, 2021	$ 3,313,589			$ 3,317,255	$ (16,435)	$ (27,965)		$ 40,734
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Accounting Standards Update [Extensible Enumeration]	Accounting Standards Update 2023-08 [Member]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ (553,005)					(540,747)		(12,258)
Shares issued in connection with employee stock plans (in shares)			11,824
Shares issued in connection with employee stock plans	81,768			81,768
Issuance of common stock in connection with business combination (in shares)			113,617
Issuance of common stock in connection with business combination	13,827,929			13,827,929
Change in other comprehensive income (loss)	(506,655)				(506,655)
Share-based compensation	1,092,010			1,092,010
Tax withholding related to vesting of restricted stock units (in shares)			(37)
Tax withholding related to vesting of restricted stock units	(4,735)			(4,735)
Issuance of common stock in conjunction with the conversion of convertible of notes (in shares)			20
Issuance of common stock in conjunction with the conversion of convertible notes	$ 454			454
Exercise of bond hedges in conjunction with the conversion of convertible notes (in shares)			(1,189)
Issuance of common stock in connection with the exercise of common stock warrants (in shares)	10,881
Ending balance (in shares) at Dec. 31, 2022			600,060
Ending balance at Dec. 31, 2022	$ 17,251,355	$ 30,511		18,314,681	(523,090)	(568,712)	$ 30,511	28,476
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	(21,124)					9,772		(30,896)
Shares issued in connection with employee stock plans (in shares)			18,055
Shares issued in connection with employee stock plans	130,433			130,433
Repurchases of common stock (in shares)			(2,466)
Repurchases of common stock	(156,812)			(156,812)
Issuance of common stock in connection with business combination (in shares)			172
Issuance of common stock in connection with business combination	6,658			6,658
Change in other comprehensive income (loss)	144,783				144,783
Share-based compensation	1,307,032			1,307,032
Ending balance (in shares) at Dec. 31, 2023			615,821
Ending balance at Dec. 31, 2023	18,692,836			19,601,992	(378,307)	(528,429)		(2,420)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	2,866,497					2,897,047		(30,550)
Shares issued in connection with employee stock plans (in shares)			20,799
Shares issued in connection with employee stock plans	154,779			154,779
Repurchases of common stock (in shares)			(16,944)
Repurchases of common stock	(1,170,339)			(1,170,339)
Change in other comprehensive income (loss)	(622,758)				(622,758)
Share-based compensation	1,313,947			1,313,947
Ending balance (in shares) at Dec. 31, 2024			619,676
Ending balance at Dec. 31, 2024	$ 21,234,962			$ 19,900,379	$ (1,001,065)	$ 2,368,618		$ (32,970)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net income (loss)	$ 2,866,497	$ (21,124)	$ (553,005)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	376,127	408,560	340,523
Amortization of discounts and premiums and other non-cash adjustments	(1,099,024)	(984,442)	(592,489)
Non-cash lease expense	72,055	144,198	129,811
Share-based compensation	1,272,779	1,276,097	1,071,278
Loss (gain) on revaluation of equity investments	(32,245)	16,523	(73,457)
Remeasurement gain on bitcoin investment	(420,918)	(207,084)	0
Transaction, loan, and consumer receivable losses	794,221	660,663	550,683
Bitcoin impairment losses	0	0	46,571
Change in deferred income taxes	(1,665,812)	(85,879)	(69,593)
Goodwill and intangible asset impairment	133,853	132,313	0
Changes in operating assets and liabilities:
Settlements receivable	1,947,849	(1,108,529)	(1,499,057)
Purchases and originations of loans	(15,210,746)	(8,586,293)	(6,114,847)
Proceeds from payments and forgiveness of loans	14,413,277	8,032,687	6,040,369
Customers payable	(1,853,872)	1,256,578	1,060,861
Settlements payable	(8,139)	(454,036)	207,894
Other assets and liabilities	121,448	(379,271)	(369,639)
Net cash provided by operating activities	1,707,350	100,961	175,903
Cash flows from investing activities:
Purchases of marketable debt securities	(1,197,804)	(1,126,615)	(755,697)
Proceeds from maturities of marketable debt securities	1,005,580	1,387,830	999,569
Proceeds from sale of marketable debt securities	446,076	339,095	449,723
Proceeds from maturities of marketable debt securities from customer funds	0	0	73,000
Proceeds from sale of marketable debt securities from customer funds	0	0	316,576
Payments for originations of consumer receivables	(29,318,390)	(23,968,787)	(18,361,871)
Proceeds from principal repayments and sales of consumer receivables	29,922,371	24,241,651	18,192,470
Purchases of property and equipment	(153,947)	(151,151)	(170,815)
Purchases of other investments	(53,934)	(38,822)	(56,712)
Business combinations, net of cash acquired	0	0	539,453
Net cash provided by investing activities	649,952	683,201	1,225,696
Cash flows from financing activities:
Proceeds from issuance of senior notes	2,000,000	0	0
Payments of debt issuance costs from issuance of senior notes	(26,619)	0	0
Repayments of Paycheck Protection Program Liquidity Facility advances	0	(16,840)	(480,694)
Payments to redeem convertible notes	0	(461,761)	(1,071,788)
Proceeds from warehouse facilities borrowings	1,255,745	1,387,662	1,620,805
Repayments of warehouse facilities borrowings	(1,329,729)	(1,118,083)	(391,463)
Proceeds from the exercise of stock options and purchases under the employee stock purchase plan	154,779	130,433	81,768
Payments for tax withholding related to vesting of restricted stock units	0	0	(4,735)
Net increase in interest-bearing deposits	74,856	25,135	82,049
Repurchases of common stock	(1,170,339)	(156,812)	0
Other financing activities	(18,473)	(19,977)	(87,692)
Change in customer funds, restricted from use in the Company's operations	1,012,442	(9,894)	349,330
Net cash provided by (used in) financing activities	1,952,662	(240,137)	97,580
Effect of foreign exchange rate on cash and cash equivalents	(88,539)	29,156	(38,363)
Net increase in cash, cash equivalents, restricted cash, and customer funds	4,221,425	573,181	1,460,816
Cash, cash equivalents, restricted cash, and customer funds, beginning of the period	9,009,087	8,435,906	6,975,090
Cash, cash equivalents, restricted cash, and customer funds, end of the period	13,230,512	9,009,087	8,435,906
Reconciliation of cash, cash equivalents, restricted cash, and customer funds:
Cash and cash equivalents	8,075,247	4,996,465	4,544,202
Short-term restricted cash	902,478	770,380	639,780
Long-term restricted cash	69,915	71,812	71,600
Customer funds cash and cash equivalents	4,182,872	3,170,430	3,180,324
Total	$ 13,230,512	$ 9,009,087	$ 8,435,906

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2024
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 Block, Inc. (together with its subsidiaries, "Block" or the "Company") creates tools that empower businesses, sellers, and individuals to participate in the economy. Block is comprised of two reportable segments, Square and Cash App. Square is a cohesive commerce ecosystem that helps sellers start, run, and grow their businesses, including enabling sellers to accept card payments, provide reporting and analytics, and facilitating next-day settlement. Square’s point-of-sale software and other business services help sellers manage inventory, locations, and employees; access financial services; engage buyers; build a website or online store; and grow sales. Cash App is an ecosystem of financial products and services focused on helping consumers make their money go further by enabling customers to store, send, receive, spend, invest, buy now, pay later ("BNPL"), borrow, or save their money. Cash App seeks to redefine the world’s relationship with money by making it more relatable, instantly available, and universally accessible. Block was founded in 2009 and has offices globally. The Company does not designate a headquarters location as it adopted a distributed work model in 2021. Basis of Presentation The accompanying 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"). The consolidated financial statements include the financial statements of Block and its wholly-owned and majority-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Minority interests are recorded as a noncontrolling interest, which is reported as a component of stockholders' equity on the consolidated balance sheets. Use of Estimates The preparation of the Company’s 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 consolidated financial statements include, but are not limited to, those related to accrued transaction losses, contingencies, including outcomes from claims and disputes, valuation of loans held for sale, valuation of goodwill and acquired intangible assets, determination of goodwill and intangible asset impairment charges, determination of allowance for loan loss reserves for loans held for investment, determination of allowance for credit losses for consumer receivables, allocation of acquired goodwill to reporting units, income and other taxes, operating and financing lease right-of-use assets and related liabilities, and share-based compensation. The Company's estimates of valuation of loans held for sale and investment, allowance for credit losses associated with consumer receivables and loans held for investment, and accrued transaction losses are based on historical experience, adjusted for market data relevant to the current economic environment. The Company will continue to update its estimates as developments occur and additional information is obtained. Refer to Note 5, Fair Value Measurements for further details on amortized cost and fair value of the loans; Note 6, Consumer Receivables, net for further details on consumer receivables; and Note 11, Other Consolidated Balance Sheet Components (Current) for further details on transaction losses. Concentration of Credit Risk For the years ended December 31, 2024, 2023, and 2022, the Company had no customer that accounted for greater than 10% of total net revenue. As of December 31, 2024, the Compa ny had three third-party payment processors that represented approximately 42%, 17% and 13% of settlements receivable. As of December 31, 2023, the company had two third-party payment processors that represented approximately 46% and 35% of settlements receivable. In both years, all other third-party processors were insignificant. Certain of the Company's products are reliant on third-party service providers such as partner banks, card issuers, and payment service providers. The Company's relationships with third-party service providers may result in operational concentration risks for some of these products. 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, consumer receivables, loans held for sale, and loans held for investment. To mitigate the risk of concentration associated with cash and cash equivalents, as well as restricted cash, funds are held with creditworthy institutions and, at certain times, temporarily swept into insured programs overnight to reduce single firm concentration risk. Amounts on deposit may 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 Significant Accounting Policies Principles of Consolidation The accompanying consolidated financial statements reflect our accounts and operations and those of our subsidiaries in which we have a controlling financial interest. In accordance with the provisions of Accounting Standards Codification ("ASC") 810, Consolidation (“ASC 810”), there are two models for determining whether a subsidiary is to be consolidated. Under the voting interest model, we consolidate entities where we are deemed to have a controlling financial interest. We also consolidate any variable interest entity (“VIE”) where we are deemed to be the primary beneficiary. The primary beneficiary is the party that has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. As described in Note 14, Indebtedness , we have formed wholly owned Warehouse Special Purpose Entities ("SPEs"), which qualify as VIEs under ASC 810. We have determined that we are the primary beneficiary of all Warehouse SPEs, which we therefore consolidate. We evaluate our relationships with all the VIEs on an ongoing basis to determine if we continue to be the primary beneficiary. As of December 31, 2024 and 2023, the Company had $402.9 million and $406.6 million, respectively, in restricted cash related to VIE's. All intercompany transactions and balances have been eliminated upon consolidation. Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Transaction-based Revenue The Company charges its sellers a transaction fee for managed payments solutions that is generally calculated as a percentage of the total transaction amount processed. The Company selectively offers custom pricing for certain large sellers. The Company collects the transaction amount from the seller's customer's bank, net of acquiring interchange and assessment fees, processing fees, and bank settlement fees paid to third-party payment processors and financial institutions. The Company retains its fees and remits the net amount to the sellers. The Company acts as the merchant of record for its sellers and works directly with payment card networks and banks so that its sellers do not need to manage the complex systems, rules, and requirements of the payments industry. The Company satisfies its performance obligations and therefore recognizes the transaction fees as revenue upon authorization of a transaction by the seller's customer's bank. Revenue is recognized net of refunds, which arise from reversals of transactions initiated by sellers. The transaction fees collected from sellers are recognized as revenue on a gross basis as the Company is the principal in the delivery of the managed payments solutions to the sellers. The Company has concluded it is the principal because as the merchant of record, it controls the services before delivery to the seller, it is primarily responsible for the delivery of the services to its sellers, and it has discretion in setting prices charged to sellers. The Company also has the unilateral ability to accept or reject a transaction based on criteria established by the Company. As the merchant of record, Square is liable for the costs of processing the transactions for its sellers, and records such costs within cost of revenue. The Company also charges certain Cash App customers making peer-to-peer transactions using business accounts, or funding transactions with a credit card, a transaction fee that is generally calculated as a percentage of the total transaction amount processed. The Company collects the transaction amount from the customer's Cash App account, net of incurring interchange and assessment fees, processing fees, and bank settlement fees paid to third-party payment processors and financial institutions. The Company retains its fees and remits the net amount to the customers. Subscription and Services-based Revenue Subscription and services-based revenue is primarily comprised of revenue the Company generates from Cash App Instant Deposit, Cash App Card, interest earned on customer funds, bitcoin withdrawal fees, Square Loans, Cash App Borrow, the Company's BNPL platform, TIDAL, and various other software as a service ("SaaS") products. Instant Deposit is a functionality within the Cash App and the Company's managed payments solution that enables customers, including individuals and sellers, to instantly deposit funds into their bank accounts for a percentage-based fee of the amounts deposited. The Cash App Card offers customers the ability to store funds in the Cash App and subsequently use these funds via a Visa prepaid card that is linked to the balance the customer stores in Cash App. The Company charges the customer a per transaction fee when they instantly deposit funds to their bank account or withdraw funds from an ATM. The Company also earns interchange fees when a Cash App Card is used to make a purchase. These transaction and interchange fees are treated as revenue when charged. While the Company is restricted from using the stored funds in the Company's operations, the Company may invest a portion of these funds in short-term marketable debt securities to generate interest income which is reported as revenue. Interest earned on customer funds related to Cash App Card was $185.2 million and $142.2 million for the years ended December 31, 2024 and December 31, 2023, respectively. Interest earned on customer funds was immaterial for the year ended December 31, 2022. Bitcoin withdrawal is a functionality within the Cash App that enables customers to withdraw bitcoin stored on Cash App to a third party wallet. The Company charges customers a fee for the option of faster withdrawal speeds. Square Loans facilitates loans to qualified Square sellers through the Company's subsidiary, Square Financial Services, Inc. ("Square Financial Services"), which is an industrial loan company. The loans are either repaid through withholding a percentage of the collections of the seller's receivables processed by the Company ("flex loans") or a specified monthly amount ("term loans"). The Company generally utilizes a pre-qualification process that includes an analysis of the aggregated data of the seller’s business which includes, but is not limited to, the seller’s historical processing volumes, transaction count, chargebacks, growth, and length of time as a Square customer. Generally, the loans have no stated coupon rate but the seller is charged a one-time origination fee based upon their risk rating, which is derived primarily from processing activity. For some of the loans, it is the Company’s intent to sell all of its rights, title, and interest of these loans to third-party investors for an upfront fee when the loans are sold. The Company records the amounts advanced to the customers or the net amounts paid to purchase the loans as cost of the loans. Subsequently, the Company records a gain on sale of the loans to the third-party investors as revenue upon transfer of title. The Company is retained by the third-party investors to service the loans and earns a servicing fee for facilitating the repayment of these receivables through its managed payments solutions. The Company records servicing revenue as servicing is delivered. For the loans which are not immediately sold to third-party investors or for which the Company has the intent and ability to hold through maturity, interest and fees earned are recognized as revenue using the effective interest method. Cash App Borrow, the first credit product for Cash App customers, allows customers to access short-term loans for a small fee. The loans are repaid at the end of the loan term and customers may elect to prepay all or a part of the outstanding balance. If the outstanding balance is not paid when due, late fees in the form of interest may be charged. The short-term loans are facilitated through a partnership with an industrial bank. The loans are originated by the bank partner, from whom the Company purchases the loans obtaining all rights, title, and interest. Net amounts paid to the bank are recorded as the cost of the loans purchased, and amounts collected in excess of the carrying value are recognized as revenue over the life of the loans. The loan fee and late fees are recorded within subscription and services-based revenue on the consolidated statement of operations. Through the BNPL platform, consumers can pay for their purchases over time by splitting their purchase price into generally three or four installments, typically due in two-week increments, without paying fees (if payments are made on time). The Company generally pays the seller the full order value upfront, less taxes, if applicable, and a merchant fee, which consists of fixed and variable rates as contracted with the sellers. The Company also incurs other costs such as fees paid to third-party partners and processing fees to complete the consumer purchase transaction. The Company generally assumes non-repayment risk from the consumers. The Company initially recognizes a consumer receivable equal to net amounts paid to the seller plus any costs incurred to originate the consumer receivable. The Company recognizes the merchant fee less costs incurred to originate the consumer receivables as revenue using the effective interest method. This revenue is included within subscription and services-based revenue on the consolidated statement of operations. The effective interest rate is determined based on estimated future cash receipts over the expected life of the consumer receivable, having consideration for the historical repayment pattern of the consumer receivables on a portfolio basis. For the majority of the Company's BNPL products, consumers are not charged interest or fees, other than late fees which may be charged in certain regions by the Company as an incentive to encourage consumers to pay their outstanding balances as and when they fall due. The Company also offers the ability for consumers to pay for larger transaction sizes over a six Through the BNPL platform, the Company also has an ads and affiliate program for its merchants. For affiliate relationships, the Company receives a commission when a consumer completes a purchase from within the BNPL platform, which is recognized as a fee earned in connection with the origination of a consumer receivable and recognized as revenue using the effective interest method. The Company may also receive digital advertising revenue on clicks, typically earned on a cost per click (“CPC”) basis, to merchant sites from the BNPL platform, in addition to flat fees for premium ad placements. Revenue from CPC arrangements are generally recognized in the period the user click is delivered. This revenue is included within subscription and services-based revenue on the consolidated statement of operations. TIDAL primarily generates revenue from subscriptions to its customers, and such subscriptions allow access to the song library, video library, and improved sound quality. Customers can subscribe to services directly from the TIDAL website or through the Apple store. With both offerings, the Company charges customers a monthly fee for those subscription services, which is recognized ratably as revenue as the service is provided. SaaS represents software products and solutions that provide customers with access to various technologies for a fee which is recognized as revenue ratably as the service is provided. The Company's contracts with customers are generally for a term of one month and renew automatically each month. The Company invoices its customers monthly. The Company considers that it satisfies its performance obligations over time each month as it provides the SaaS services to customers and hence recognizes revenue ratably over the month. Hardware Revenue Hardware revenue includes revenue from sales of magstripe readers, contactless and chip readers, Square Stand, Square Register, Square Terminal, and third-party peripherals. Third-party peripherals include cash drawers, receipt printers, scales, and barcode scanners, all of which can be integrated with Square Stand, Square Register, or Square Terminal to provide a comprehensive point-of-sale solution. The Company generates revenue through the sale of hardware through e-commerce and through its retail distribution channels. The Company satisfies its performance obligation upon delivery of hardware to its customers which include end user customers, distributors, and retailers. The Company allows for customer returns which are accounted for as variable consideration. The Company estimates these amounts based on historical experience and reduces revenue recognized. The Company invoices end user customers upon delivery of the products to customers, and payments from such customers are due upon invoicing. Distributors and retailers have payment terms that range from 30 to 90 days after delivery. Bitcoin Revenue The Company offers its Cash App customers the ability to purchase bitcoin, a cryptocurrency denominated asset, from the Company. The Company satisfies its performance obligation and records revenue when bitcoin is transferred to the customer's account. The Company purchases bitcoin from private broker dealers or from Cash App customers and applies a marginal fee before selling it to its customers. The amounts received from customers and exchanges are recorded as revenue on a gross basis and the associated bitcoin cost as cost of revenues, as the Company is the principal in the bitcoin sale transaction. The Company has concluded it is the principal because it controls the bitcoin before delivery to the customers, it is primarily responsible for the delivery of the bitcoin to the customers, it is exposed to risks arising from fluctuations of the market price of bitcoin before delivery to customers, and has discretion in setting prices charged to customers. Cost of Revenue Transaction-based Costs Transaction-based costs consist primarily of interchange and assessment fees, processing fees and bank settlement fees paid to third-party payment processors and financial institutions. Subscription and Services-based Costs Subscriptions and services-based costs consist primarily of processing and partnership fees related to Cash App including Instant Deposit, Cash App Card, as well as costs associated with the Company's BNPL platform, and TIDAL. Hardware Costs Hardware costs consist of all product costs associated with magstripe readers, contactless and chip readers, Square Stand, Square Register, Square Terminal, and third-party peripherals. Product costs include third-party manufacturing-related overhead and personnel-related costs, certain royalties, packaging, and fulfillment costs. Bitcoin Costs Bitcoin costs consist of the total amount the Company pays to purchase bitcoin that is sold to customers. These costs fluctuate in line with bitcoin revenue. Amortization of Acquired Technology Assets Amortization of acquired technology assets is primarily comprised of amortization related to the acquired technology assets from the acquisition of Afterpay. Other Costs Generally, other costs such as personnel-related costs, rent, and occupancy charges are not allocated to cost of revenues and are reflected in operating expenses and are not material. Severance and Other Restructuring Expenses The Company records severance-related expenses once they are both probable and estimable in accordance with the provisions of the applicable accounting guidance for severance provided under an ongoing benefit arrangement. One-time involuntary benefit arrangements and other costs are generally recognized in the period in which the liability is incurred. The Company recorded $26.8 million and $104.0 million of severance and other related expenses for the years ended December 31, 2024 and 2023, respectively, as part of product development, sales and marketing, and general and administrative within the Company's operating expenses. The Company also assesses its assets for impairment in connection with restructuring and other exit activities when the carrying amount of the related assets may not be fully recoverable, in accordance with the appropriate accounting guidance. Sales and Marketing Expenses Advertising costs are expensed as incurred and included in sales and marketing expenses on the consolidated statements of operations. Total advertising costs for the years ended December 31, 2024, 2023, and 2022 were $338.1 million, $360.1 million, a nd $544.2 million, respectively. The Company also records services, incentives, and other costs to customers that are not directly related to a revenue generating transaction as sales and marketing expenses, as the Company considers these to be marketing costs to encourage the usage of Cash App. These expenses 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. These costs are expensed as incurred. The Company recorded $889.9 million, $898.3 million, and $840.0 million, for the years ended December 31, 2024, 2023, and 2022, respectively, for such expenses. Share-based Compensation Share-based compensation expense relates to stock options, restricted stock units ("RSUs"), and purchases under the Company’s 2015 Employee Stock Purchase Plan ("ESPP"), which is measured based on the grant-date fair value. The fair value of RSUs is determined by the closing price of the Company’s common stock on each grant date. The fair value of stock options and ESPP shares granted to employees is estimated on the date of grant using the Black-Scholes-Merton option valuation model. This share-based compensation expense valuation model requires the Company to make assumptions and judgments regarding the variables used in the calculation. These variables include the expected term (weighted-average period of time that the options granted are expected to be outstanding), the expected volatility of the Company’s stock, expected risk-free interest rate, and expected dividends. The Company uses the simplified calculation of expected term, defined as an average of the vesting term and the contractual term to maturity. Expected volatility is based on a weighted-average of the historical volatilities of the Company's common stock. The expected risk-free rate is based on the U.S. Treasury yield curve in effect at the time of grant for periods corresponding with the expected life of the option. Generally, share-based compensation expense is recorded on a straight-line basis over the requisite service period. RSUs typically vest over a term of four years. The Company accounts for forfeitures as they occur. Interest Income and Expense Interest income consists of interest income from the Company's investment in marketable debt securities and was $156.2 million and $126.6 million for the year ended December 31, 2024 and 2023, respectively. Interest income was immaterial for the year ended December 31, 2022. Interest expense consists primarily of the Company's long-term debt and was $165.5 million for the year ended December 31, 2024. Interest expense was immaterial for the years ended December 31, 2023 and December 31, 2022. Foreign Currency The functional currency for most subsidiaries outside of the United States is the local currency. For purposes of the Company's consolidated financial statements, the assets and liabilities of these subsidiaries, including goodwill and acquired intangible assets, are translated into U.S. dollars using the exchange rates at the balance sheet dates. Gains and losses resulting from these translations are reported as a component of accumulated other comprehensive income (loss) on the consolidated statements of comprehensive income (loss). Revenue, expenses, and gains or losses are translated into U.S. dollars using average exchange rates for each period. Gains and losses from the remeasurement of foreign currency transactions into the functional currency are recognized as a component of other income, net on the consolidated statements of operations. Income and Other Taxes The Company reports income taxes under the asset and liability approach. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. Deferred tax amounts are determined by using the enacted tax rates expected to be in effect when the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance reduces the deferred tax assets to the amount that is more likely than not to be realized. The Company considers historical information, tax planning strategies, the expected timing of the reversal of existing temporary differences, and may rely on financial projections to support its position on the recoverability of deferred tax assets. The Company’s judgment regarding future profitability contains significant assumptions and estimates of future operations. If such assumptions were to differ significantly from actual future results of operations, it may have a material impact on the Company’s ability to realize its deferred tax assets. At the end of each period, the Company assesses the ability to realize the deferred tax assets. If it is more likely than not that the Company will not realize the deferred tax assets, then the Company establishes a valuation allowance for all or a portion of the deferred tax assets. The Company recognizes the effect of uncertain income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that has a greater than 50% likelihood of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to uncertain tax positions in the provision (benefit) for income tax expense on the consolidated statements of operations. Cash and Cash Equivalents, Restricted Cash, and Customer Funds Cash and Cash Equivalents The Company considers all highly liquid investments, including money market funds, with an original maturity of three months or less when purchased to be cash equivalents. Restricted Cash The Company records restricted cash amounts as a current asset on the consolidated balance sheets if the restriction expires in less than 12 months, or as a non-current asset if the restriction is greater than 12 months. If there is no minimum time frame during which the cash must remain restricted, the nature of the transactions related to the restriction determine the classification. The Company's short-term restricted cash was $902.5 million and $770.4 million as of December 31, 2024 and 2023, respectively. The majority of the balance as of December 31, 2024 was comprised of the wholly-owned consolidated entities used in the warehouse funding facility arrangements. This restricted cash will be used to pay the borrowings under the warehouse funding facilities or will be distributed to the Company. The Company's total restricted cash also includes pledged cash deposits in accounts at the financial institutions that process the Company's sellers' payment transactions and collateral pursuant to various agreements with banks relating to the Company's products. The Company uses restricted cash to secure letters of credit with the related financial institutions to provide collateral for cash flow timing differences in the processing of payments. The Company's long-term restricted cash of $69.9 million and $71.8 million as of December 31, 2024 and December 31, 2023, respectively, is primarily related to cash held as collateral as required by the FDIC for Square Financial Services. The Company has recorded these amounts as non-current assets on the consolidated balance sheets as the requirement by the FDIC specifies a time frame of 12 months or longer during which the cash must remain restricted. Customer Funds Customer funds represent customers' stored balances that customers would later use to send money or make payments, or customers cash in transit. As discussed under section titled Subscription and Services-based Revenue accounting policy above, under the terms of service associated with these funds, the Company is restricted from using the funds in the Company's operations, but may invest these funds in short-term marketable debt securities to earn interest. Refer to Note 4, Customer Funds for more details. Investments in Marketable Debt Securities The Company's short-term and long-term investments include marketable debt securities such as government and agency securities, corporate bonds, commercial paper, and municipal securities. The Company determines the appropriate classification of its investments in marketable debt securities at the time of purchase and reevaluates such designation at each balance sheet date. The Company has classified and accounted for its marketable debt securities as available-for-sale and carries these investments at fair value, reporting the unrealized gains and losses, net of taxes, as a component of stockholders’ equity. 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 (income), net on the consolidated statements of operations. Investments in Equity Securities The Company holds marketable and non-marketable equity investments. Marketable equity investments

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
REVENUE	REVENUE The following table presents the Company's net revenue disaggregated by revenue source (in thousands): Year Ended December 31, 2024 2023 2022 Revenue from contracts with customers: Transaction-based revenue $ 6,613,680 $ 6,315,301 $ 5,701,540 Subscription and services-based revenue 4,865,389 4,319,825 3,385,784 Hardware revenue 143,369 157,178 164,418 Bitcoin revenue 10,199,205 9,498,302 7,112,856 Revenue from other sources: Subscription and services-based revenue (i) 2,299,410 1,625,017 1,166,989 Total net revenue $ 24,121,053 $ 21,915,623 $ 17,531,587 (i) Subscription and services-based revenue from other sources relates to revenue generated from the Company's Square Loans, revenue generated from consumer receivables originated through our BNPL platform, interest income earned on customer funds, and interest income earned on funds held by Square Financial Services.

INVESTMENTS IN DEBT SECURITIES

INVESTMENTS IN DEBT SECURITIES	12 Months Ended
	Dec. 31, 2024
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 December 31, 2024 were as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 34,454 $ 15 $ (1) $ 34,468 Corporate bonds 160,238 248 (96) 160,390 Commercial paper 333 — — 333 Municipal securities 398 1 — 399 Certificates of deposit 1,051 — — 1,051 U.S. government securities 206,340 449 (4) 206,785 Total $ 402,814 $ 713 $ (101) $ 403,426 Long-term debt securities: U.S. agency securities $ 49,017 $ 23 $ (10) $ 49,030 Corporate bonds 195,035 693 (384) 195,344 Municipal securities 4,592 4 (251) 4,345 U.S. government securities 222,164 1,218 (124) 223,258 Total $ 470,808 $ 1,938 $ (769) $ 471,977 The Company's short-term and long-term investments as of December 31, 2023 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 68,778 $ — $ (1,263) $ 67,515 Corporate bonds 216,864 96 (1,733) 215,227 Commercial paper 15,159 — — 15,159 Municipal securities 9,396 — (231) 9,165 Certificates of deposit 3,856 — — 3,856 U.S. government securities 544,145 210 (4,357) 539,998 Foreign government securities 1,000 — (19) 981 Total $ 859,198 $ 306 $ (7,603) $ 851,901 Long-term debt securities: Corporate bonds $ 94,564 $ 809 $ (45) $ 95,328 Municipal securities 2,495 55 (138) 2,412 U.S. government securities 152,549 875 (37) 153,387 Total $ 249,608 $ 1,739 $ (220) $ 251,127 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 December 31, 2024 and 2023, aggregated by investment category and the length of time that individual securities have been in a continuous loss position were as follows (in thousands): December 31, 2024 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 $ 18,954 $ (1) $ — $ — $ 18,954 $ (1) Corporate bonds 50,905 (93) 1,995 (3) 52,900 (96) U.S. government securities — — 3,994 (4) 3,994 (4) Total $ 69,859 $ (94) $ 5,989 $ (7) $ 75,848 $ (101) Long-term debt securities: U.S. agency securities $ 9,990 $ (10) $ — $ — $ 9,990 $ (10) Corporate bonds 80,550 (384) — — 80,550 (384) Municipal securities 2,848 (128) 363 (123) 3,211 (251) U.S. government securities 58,681 (124) — — 58,681 (124) Total $ 152,069 $ (646) $ 363 $ (123) $ 152,432 $ (769) December 31, 2023 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 $ 9,770 $ (10) $ 57,745 $ (1,253) $ 67,515 $ (1,263) Corporate bonds 61,054 (60) 110,706 (1,673) 171,760 (1,733) Municipal securities — — 9,165 (231) 9,165 (231) U.S. government securities 80,724 (113) 207,183 (4,243) 287,907 (4,356) Foreign government securities — — 981 (19) 981 (19) Total $ 151,548 $ (183) $ 385,780 $ (7,419) $ 537,328 $ (7,602) Long-term debt securities: Corporate bonds $ 11,819 $ (31) $ 2,274 $ (14) $ 14,093 $ (45) Municipal securities 976 (24) 383 (112) 1,359 (136) U.S. government securities 28,474 (37) — — 28,474 (37) Total $ 41,269 $ (92) $ 2,657 $ (126) $ 43,926 $ (218) The Company does not intend to sell nor anticipate that it will be required to sell these securities before recovery of the amortized cost basis. Unrealized losses on available-for-sale debt securities were determined not to be related to credit related losses, therefore, an allowance for credit losses is not required. The contractual maturities of the Company's short-term and long-term investments as of December 31, 2024 were as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 402,814 $ 403,426 Due in one to five years 470,808 471,977 Total $ 873,622 $ 875,403 The following table presents the assets underlying customer funds (in thousands): December 31, December 31, Cash $ 3,195,253 $ 2,137,634 Cash equivalents: Money market funds 4,645 4,042 Reverse repurchase agreement (i) 982,974 1,028,754 Total customer funds $ 4,182,872 $ 3,170,430 (i) The Company has accounted for the reverse repurchase agreement with various third parties 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 their short term nature. The Company does not have any available-for-sale debt securities for which the Company has recorded credit related losses. The amortized cost of investments classified as cash equivalents approximated the fair value due to the short-term nature of the investments.

CUSTOMER FUNDS

CUSTOMER FUNDS	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
CUSTOMER FUNDS	INVESTMENTS IN DEBT SECURITIES The Company's short-term and long-term investments as of December 31, 2024 were as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 34,454 $ 15 $ (1) $ 34,468 Corporate bonds 160,238 248 (96) 160,390 Commercial paper 333 — — 333 Municipal securities 398 1 — 399 Certificates of deposit 1,051 — — 1,051 U.S. government securities 206,340 449 (4) 206,785 Total $ 402,814 $ 713 $ (101) $ 403,426 Long-term debt securities: U.S. agency securities $ 49,017 $ 23 $ (10) $ 49,030 Corporate bonds 195,035 693 (384) 195,344 Municipal securities 4,592 4 (251) 4,345 U.S. government securities 222,164 1,218 (124) 223,258 Total $ 470,808 $ 1,938 $ (769) $ 471,977 The Company's short-term and long-term investments as of December 31, 2023 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 68,778 $ — $ (1,263) $ 67,515 Corporate bonds 216,864 96 (1,733) 215,227 Commercial paper 15,159 — — 15,159 Municipal securities 9,396 — (231) 9,165 Certificates of deposit 3,856 — — 3,856 U.S. government securities 544,145 210 (4,357) 539,998 Foreign government securities 1,000 — (19) 981 Total $ 859,198 $ 306 $ (7,603) $ 851,901 Long-term debt securities: Corporate bonds $ 94,564 $ 809 $ (45) $ 95,328 Municipal securities 2,495 55 (138) 2,412 U.S. government securities 152,549 875 (37) 153,387 Total $ 249,608 $ 1,739 $ (220) $ 251,127 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 December 31, 2024 and 2023, aggregated by investment category and the length of time that individual securities have been in a continuous loss position were as follows (in thousands): December 31, 2024 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 $ 18,954 $ (1) $ — $ — $ 18,954 $ (1) Corporate bonds 50,905 (93) 1,995 (3) 52,900 (96) U.S. government securities — — 3,994 (4) 3,994 (4) Total $ 69,859 $ (94) $ 5,989 $ (7) $ 75,848 $ (101) Long-term debt securities: U.S. agency securities $ 9,990 $ (10) $ — $ — $ 9,990 $ (10) Corporate bonds 80,550 (384) — — 80,550 (384) Municipal securities 2,848 (128) 363 (123) 3,211 (251) U.S. government securities 58,681 (124) — — 58,681 (124) Total $ 152,069 $ (646) $ 363 $ (123) $ 152,432 $ (769) December 31, 2023 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 $ 9,770 $ (10) $ 57,745 $ (1,253) $ 67,515 $ (1,263) Corporate bonds 61,054 (60) 110,706 (1,673) 171,760 (1,733) Municipal securities — — 9,165 (231) 9,165 (231) U.S. government securities 80,724 (113) 207,183 (4,243) 287,907 (4,356) Foreign government securities — — 981 (19) 981 (19) Total $ 151,548 $ (183) $ 385,780 $ (7,419) $ 537,328 $ (7,602) Long-term debt securities: Corporate bonds $ 11,819 $ (31) $ 2,274 $ (14) $ 14,093 $ (45) Municipal securities 976 (24) 383 (112) 1,359 (136) U.S. government securities 28,474 (37) — — 28,474 (37) Total $ 41,269 $ (92) $ 2,657 $ (126) $ 43,926 $ (218) The Company does not intend to sell nor anticipate that it will be required to sell these securities before recovery of the amortized cost basis. Unrealized losses on available-for-sale debt securities were determined not to be related to credit related losses, therefore, an allowance for credit losses is not required. The contractual maturities of the Company's short-term and long-term investments as of December 31, 2024 were as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 402,814 $ 403,426 Due in one to five years 470,808 471,977 Total $ 873,622 $ 875,403 The following table presents the assets underlying customer funds (in thousands): December 31, December 31, Cash $ 3,195,253 $ 2,137,634 Cash equivalents: Money market funds 4,645 4,042 Reverse repurchase agreement (i) 982,974 1,028,754 Total customer funds $ 4,182,872 $ 3,170,430 (i) The Company has accounted for the reverse repurchase agreement with various third parties 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 their short term nature. The Company does not have any available-for-sale debt securities for which the Company has recorded credit related losses. The amortized cost of investments classified as cash equivalents approximated the fair value due to the short-term nature of the investments.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company measures its cash equivalents, customer funds, short-term and long-term marketable debt securities, marketable equity investments, and bitcoin 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 assets and liabilities that are measured at fair value on a recurring basis were classified as follows (in thousands): December 31, 2024 December 31, 2023 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents: Money market funds $ 857,196 $ — $ — $ 960,705 $ — $ — U.S. government securities 26,951 — — 29,788 — — Commercial paper — 509 — — 4,993 — Corporate bonds — — — — 699 — Restricted Cash: Money market funds 319,800 — — 291,374 — — Customer funds: Money market funds 4,645 — — 4,042 — — Reverse repurchase agreement 982,974 — — 1,028,754 — — Short-term debt securities: U.S. government securities 206,785 — — 539,998 — — Corporate bonds — 160,390 — — 215,227 — U.S. agency securities — 34,468 — — 67,515 — Commercial paper — 333 — — 15,159 — Municipal securities — 399 — — 9,165 — Certificates of deposit — 1,051 — — 3,856 — Foreign government securities — — — — 981 — Long-term debt securities: U.S. government securities 223,258 — — 153,387 — — Corporate bonds — 195,344 — — 95,328 — U.S. agency securities — 49,030 — — — — Municipal securities — 4,345 — — 2,412 — Other: Bitcoin investment (i) 792,282 — — 339,898 — — Investment in marketable equity securities 5,407 — — 8,267 — — Total assets (liabilities) measured at fair value $ 3,419,298 $ 445,869 $ — $ 3,356,213 $ 415,335 $ — (i) The Company holds an immaterial amount of bitcoin for operating purposes and, given the bitcoin is held for a relatively short period of time, typically being purchased and sold within a day, the fair value approximates carrying value. Refer to Note 1, Description of Business and Summary of Significant Accounting Policies and Note 13, Bitcoin for more details. The carrying amounts of certain financial instruments, including settlements receivable, consumer receivables, accounts payable, customers payable, accrued expenses, and settlements payable, approximate their fair values due to their short-term nature. The carrying amounts of the Company's warehouse funding facilities approximate their fair values. The Company estimates the fair value of its convertible and 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 and senior notes were as follows (in thousands): December 31, 2024 December 31, 2023 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) 2026 Senior Notes $ 996,017 $ 960,589 $ 993,208 $ 938,105 2031 Senior Notes 990,971 873,868 989,567 879,913 2032 Senior Notes 1,975,026 1,999,220 — — 2025 Convertible Notes 999,497 991,941 996,437 979,776 2026 Convertible Notes 572,723 533,154 571,014 501,910 2027 Convertible Notes 571,202 497,517 569,865 468,475 Total $ 6,105,436 $ 5,856,289 $ 4,120,091 $ 3,768,179 The estimated fair value and carrying value of loans held for sale and loans held for investment were as follows (in thousands): December 31, 2024 December 31, 2023 Carrying Value Fair Value (Level 3) Carrying Value Fair Value (Level 3) Loans held for sale $ 1,111,107 $ 1,112,746 $ 775,424 $ 783,464 Loans held for investment 365,062 382,542 247,631 258,684 Total $ 1,476,169 $ 1,495,288 $ 1,023,055 $ 1,042,148 For the years ended December 31, 2024, 2023, and 2022, the Company recorded incremental charges for the excess of amortized cost over the fair value of the loans of $290.2 million, $111.2 million, and $78.0 million, respectively. To determine the fair value of the loans held for sale, the Company utilizes discounted cash flow valuation modeling, taking into account the probability of default and estimated timing and amounts of periodic repayments. In estimating the expected timing and amounts of the future periodic repayments for the loans outstanding, the Company considered other relevant market data in developing such estimates and assumptions. As of December 31, 2024, there were no material changes to the Company's estimates of fair value, and the Company will continue to evaluate facts and circumstances that could impact its estimates and affect its 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 years ended December 31, 2024, 2023, and 2022, the Company did not have any transfers in or out of Level 1, Level 2, or Level 3 assets or liabilities.

CONSUMER RECEIVABLES, NET

CONSUMER RECEIVABLES, NET	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
CONSUMER RECEIVABLES, NET	CONSUMER RECEIVABLES, NET Consumer receivables represent amounts due from consumers for outstanding installment payments on orders processed on the Company's BNPL platform. Further discussed in Note 1, Description of Business and Summary of Significant Accounting Policies , consumer receivables are classified as held for investment. These receivables are typically interest free and are generally due within 14 to 56 days. The Company closely monitors credit quality for consumer receivables to manage and evaluate its related exposure to credit risk. The criteria the Company monitors when assessing the credit quality and risk of its consumer receivables portfolio is primarily based on internal risk assessments, as they provide insight into customer risk profiles and are useful as indicators of potential future credit losses. Consumer receivables are internally rated as "Pass" or "Classified." Pass rated consumer receivables generally consist of consumer receivables that are current or up to 60 days past due. Classified consumer receivables are generally comprised of consumer receivables that are greater than 60 days past due and have a higher risk of default. Internal risk ratings are reviewed and, generally, updated at least once a year. As of December 31, 2024, the amortized cost of Pass rated consumer receivables was $2.6 billion and the amount of Classified consumer receivables was $110.2 million. The following table presents an aging analysis of the amortized cost of consumer receivables by delinquency status (in thousands): December 31, 2024 December 31, 2023 Non-delinquent loans $ 2,227,348 $ 2,074,532 1 - 60 days past due 369,173 453,412 61 - 90 days past due 29,334 26,798 90+ days past due 80,817 75,227 Total amortized cost $ 2,706,672 $ 2,629,969 The amount listed as 1 - 60 days past due in the above table includes $266.7 million and $365.4 million of cash in transit as of December 31, 2024 and December 31, 2023, respectively, which reflects ongoing repayments from consumers that have been sent from consumers’ bank accounts but have not yet been received at the Company’s bank account as of the date of the financial statements. Consumer receivables are charged off when they are over 180 days past due as the Company has no reasonable expectation of recovery. When consumer receivables are charged off, the Company recognizes the charge against the allowance for credit losses. While the Company expects collections at that point to be unlikely, the Company may recover amounts from the respective consumers. Any subsequent recoveries following charge-off are credited to transaction, loan, and consumer receivable losses on the consolidated statements of operations in the period they were recovered. The amount of recoveries for the year ended December 31, 2024 and December 31, 2023 were immaterial. The following table summarizes activity in the allowance for credit losses subsequent to the acquisition of Afterpay (in thousands): Year Ended December 31, 2024 2023 Allowance for credit losses, beginning of the period $ 185,275 $ 151,290 Provision for credit losses 293,921 261,296 Charge-offs and other adjustments (271,727) (228,845) Foreign exchange effect (5,676) 1,534 Allowance for credit losses, end of the period $ 201,793 $ 185,275 Loans Held for Investment The Company originates loans in the U.S. through its wholly-owned subsidiary bank, Square Financial Services. The Company sells the majority of the loans to institutional investors with a portion retained on its balance sheet. Loans retained by the Company are classified as held for investment as the Company has both the intent and ability to hold them for the foreseeable future, until maturity, or until payoff. The Company’s intent and ability in the future may change based on changes in business strategies, the economic environment, and market conditions. As of December 31, 2024 and 2023, the Company held $365.1 million and $247.6 million, respectively, as loans held for investment, net of allowance, included in other current assets on the consolidated balance sheets. Refer to Note 11, Other Consolidated Balance Sheet Components (Current) for more details. Loans held for investment are recorded at amortized cost, less an allowance for potential uncollectible amounts. Amortized cost basis represents principal amounts outstanding, net of unearned income, unamortized deferred fees and costs on originated loans, premiums or discounts on purchased loans and charge-offs. The allowance for loan losses, amount of charge offs recorded, and amount of recoveries as of December 31, 2024 and December 31, 2023 were immaterial. The Company considers loans that are greater than 60 days past due to be delinquent, and loans 90 days or more past due to be nonperforming. Loans that are 120 days or more past due are generally considered to be uncollectible and are written off. When a loan is identified as nonperforming, recognition of income is discontinued. Loans are restored to performing status after total overdue unpaid amounts are repaid and the Company has reasonable assurance that performance under the terms of the loan will continue. As of December 31, 2024 and December 31, 2023, the amount of loans that were identified as nonperforming loans was immaterial. The Company closely monitors economic conditions and loan performance trends to assess and manage its exposure to credit risk. The criteria the Company monitors when assessing the credit quality and risk of its loan portfolio is primarily based on internal risk ratings, as they provide insight into borrower risk profiles and are useful as indicators of potential future credit losses. Loans are internally rated as "Pass" or "Classified". Pass rated loans generally consist of loans that are current or up to 60 days past due. Classified loans generally comprise of loans that are 60 days or greater past due and have a higher risk of default. Internal risk ratings are reviewed and, generally, updated at least once a year. As of December 31, 2024 and 2023, the amortized cost of Pass rated loans was $385.2 million and $261.4 million, respectively, and the amount of Classified loans was immaterial for both periods. Loans Held For Sale The Company classifies loans as held for sale when there is an available market for such loans and it is the Company’s intent to sell all of its rights, title, and interest in these loans to third-party investors. Loans held for sale primarily include Square Loans and Cash App Borrow products. Square Loans are loans facilitated by Square Financial Services to qualified Square sellers, while Cash App Borrow is a credit product for consumers that allows customers to access short-term loans for a small fee. Loans held for sale are recorded at the lower of amortized cost or fair value. Square Loans that are 120 days or more past due, and Cash Borrow loans that are 90 days or more past due, are generally considered to be uncollectible and are written off. Past due status is based on the contractual terms of the loans. The Company aggregates loans held for sale by the intended customer of the loan product. Commercial loans held for sale include Square Loans, Consumer loans held for sale include loans initiated through Cash App Borrow and consumer lending loans, and Other loans held for sale include loans outside of consumer and commercial loans. The following table presents the Company’s loans held for sale aggregated by category (in thousands): December 31, 2024 December 31, 2023 Consumer $ 652,489 $ 274,630 Commercial 404,844 478,128 Other 53,774 22,666 Total $ 1,111,107 $ 775,424

CUSTOMER LOANS

CUSTOMER LOANS	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
CUSTOMER LOANS	CONSUMER RECEIVABLES, NET Consumer receivables represent amounts due from consumers for outstanding installment payments on orders processed on the Company's BNPL platform. Further discussed in Note 1, Description of Business and Summary of Significant Accounting Policies , consumer receivables are classified as held for investment. These receivables are typically interest free and are generally due within 14 to 56 days. The Company closely monitors credit quality for consumer receivables to manage and evaluate its related exposure to credit risk. The criteria the Company monitors when assessing the credit quality and risk of its consumer receivables portfolio is primarily based on internal risk assessments, as they provide insight into customer risk profiles and are useful as indicators of potential future credit losses. Consumer receivables are internally rated as "Pass" or "Classified." Pass rated consumer receivables generally consist of consumer receivables that are current or up to 60 days past due. Classified consumer receivables are generally comprised of consumer receivables that are greater than 60 days past due and have a higher risk of default. Internal risk ratings are reviewed and, generally, updated at least once a year. As of December 31, 2024, the amortized cost of Pass rated consumer receivables was $2.6 billion and the amount of Classified consumer receivables was $110.2 million. The following table presents an aging analysis of the amortized cost of consumer receivables by delinquency status (in thousands): December 31, 2024 December 31, 2023 Non-delinquent loans $ 2,227,348 $ 2,074,532 1 - 60 days past due 369,173 453,412 61 - 90 days past due 29,334 26,798 90+ days past due 80,817 75,227 Total amortized cost $ 2,706,672 $ 2,629,969 The amount listed as 1 - 60 days past due in the above table includes $266.7 million and $365.4 million of cash in transit as of December 31, 2024 and December 31, 2023, respectively, which reflects ongoing repayments from consumers that have been sent from consumers’ bank accounts but have not yet been received at the Company’s bank account as of the date of the financial statements. Consumer receivables are charged off when they are over 180 days past due as the Company has no reasonable expectation of recovery. When consumer receivables are charged off, the Company recognizes the charge against the allowance for credit losses. While the Company expects collections at that point to be unlikely, the Company may recover amounts from the respective consumers. Any subsequent recoveries following charge-off are credited to transaction, loan, and consumer receivable losses on the consolidated statements of operations in the period they were recovered. The amount of recoveries for the year ended December 31, 2024 and December 31, 2023 were immaterial. The following table summarizes activity in the allowance for credit losses subsequent to the acquisition of Afterpay (in thousands): Year Ended December 31, 2024 2023 Allowance for credit losses, beginning of the period $ 185,275 $ 151,290 Provision for credit losses 293,921 261,296 Charge-offs and other adjustments (271,727) (228,845) Foreign exchange effect (5,676) 1,534 Allowance for credit losses, end of the period $ 201,793 $ 185,275 Loans Held for Investment The Company originates loans in the U.S. through its wholly-owned subsidiary bank, Square Financial Services. The Company sells the majority of the loans to institutional investors with a portion retained on its balance sheet. Loans retained by the Company are classified as held for investment as the Company has both the intent and ability to hold them for the foreseeable future, until maturity, or until payoff. The Company’s intent and ability in the future may change based on changes in business strategies, the economic environment, and market conditions. As of December 31, 2024 and 2023, the Company held $365.1 million and $247.6 million, respectively, as loans held for investment, net of allowance, included in other current assets on the consolidated balance sheets. Refer to Note 11, Other Consolidated Balance Sheet Components (Current) for more details. Loans held for investment are recorded at amortized cost, less an allowance for potential uncollectible amounts. Amortized cost basis represents principal amounts outstanding, net of unearned income, unamortized deferred fees and costs on originated loans, premiums or discounts on purchased loans and charge-offs. The allowance for loan losses, amount of charge offs recorded, and amount of recoveries as of December 31, 2024 and December 31, 2023 were immaterial. The Company considers loans that are greater than 60 days past due to be delinquent, and loans 90 days or more past due to be nonperforming. Loans that are 120 days or more past due are generally considered to be uncollectible and are written off. When a loan is identified as nonperforming, recognition of income is discontinued. Loans are restored to performing status after total overdue unpaid amounts are repaid and the Company has reasonable assurance that performance under the terms of the loan will continue. As of December 31, 2024 and December 31, 2023, the amount of loans that were identified as nonperforming loans was immaterial. The Company closely monitors economic conditions and loan performance trends to assess and manage its exposure to credit risk. The criteria the Company monitors when assessing the credit quality and risk of its loan portfolio is primarily based on internal risk ratings, as they provide insight into borrower risk profiles and are useful as indicators of potential future credit losses. Loans are internally rated as "Pass" or "Classified". Pass rated loans generally consist of loans that are current or up to 60 days past due. Classified loans generally comprise of loans that are 60 days or greater past due and have a higher risk of default. Internal risk ratings are reviewed and, generally, updated at least once a year. As of December 31, 2024 and 2023, the amortized cost of Pass rated loans was $385.2 million and $261.4 million, respectively, and the amount of Classified loans was immaterial for both periods. Loans Held For Sale The Company classifies loans as held for sale when there is an available market for such loans and it is the Company’s intent to sell all of its rights, title, and interest in these loans to third-party investors. Loans held for sale primarily include Square Loans and Cash App Borrow products. Square Loans are loans facilitated by Square Financial Services to qualified Square sellers, while Cash App Borrow is a credit product for consumers that allows customers to access short-term loans for a small fee. Loans held for sale are recorded at the lower of amortized cost or fair value. Square Loans that are 120 days or more past due, and Cash Borrow loans that are 90 days or more past due, are generally considered to be uncollectible and are written off. Past due status is based on the contractual terms of the loans. The Company aggregates loans held for sale by the intended customer of the loan product. Commercial loans held for sale include Square Loans, Consumer loans held for sale include loans initiated through Cash App Borrow and consumer lending loans, and Other loans held for sale include loans outside of consumer and commercial loans. The following table presents the Company’s loans held for sale aggregated by category (in thousands): December 31, 2024 December 31, 2023 Consumer $ 652,489 $ 274,630 Commercial 404,844 478,128 Other 53,774 22,666 Total $ 1,111,107 $ 775,424

PROPERTY AND EQUIPMENT, NET

PROPERTY AND EQUIPMENT, NET	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT, NET	PROPERTY AND EQUIPMENT, NET The following table details property and equipment, less accumulated depreciation and amortization (in thousands): December 31, December 31, Capitalized software $ 362,418 $ 243,214 Computer equipment 254,742 224,127 Leasehold improvements 126,221 123,218 Office furniture and equipment 27,706 28,798 Total 771,087 619,357 Less: Accumulated depreciation and amortization (456,655) (323,301) Property and equipment, net $ 314,432 $ 296,056

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2024
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 the carrying value of goodwill was as follows (in thousands): Balance at December 31, 2022 $ 11,966,761 Acquisitions 7,921 Foreign currency translation adjustments 77,351 Impairment charge (132,313) Balance at December 31, 2023 11,919,720 Foreign currency translation adjustments (428,790) Impairment charge (73,508) Balance at December 31, 2024 $ 11,417,422 As discussed further in Note 20, Segment and Geographical Information , the Company has two reportable segments, Square and Cash App. For purposes of completing its goodwill impairment tests, the Company performs either a qualitative or a quantitative analysis on a reporting unit basis. In the fourth quarter of 2024 and 2023, the Company performed quantitative goodwill impairment testing of its reporting units and recognized impairment charges of $73.5 million and $132.3 million, respectively, related to the TIDAL reporting unit. The impairment charges were as a result of changes in TIDAL's strategic focus, including terminations of certain revenue arrangements and investment into new product areas. These charges are included within general and administrative expenses in the Company's consolidated statements of operations. The fair value of the TIDAL reporting unit was estimated by evaluating the cost approach, based on the value of the reporting unit's net assets, and the income approach, which was based upon the present value of estimated future cash flows. The Company performed its annual goodwill impairment assessment as of December 31, 2024 and concluded no additional goodwill impairment should be recognized. The change in the carrying value of goodwill allocated to the reportable segments was as follows (in thousands): Cash App Square Corporate and Other Total Balance at December 31, 2022 $ 5,852,930 $ 5,915,946 $ 197,885 $ 11,966,761 Acquisitions — — 7,921 7,921 Foreign currency translation adjustments 77,351 — — 77,351 Reallocation between segments 720,847 (720,847) — — Impairment charge — — (132,313) (132,313) Balance at December 31, 2023 6,651,128 5,195,099 73,493 11,919,720 Foreign currency translation adjustments (236,041) (192,764) 15 (428,790) Impairment charge — — (73,508) (73,508) Balance at December 31, 2024 $ 6,415,087 $ 5,002,335 $ — $ 11,417,422

ACQUIRED INTANGIBLE ASSETS

ACQUIRED INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
ACQUIRED INTANGIBLE ASSETS	ACQUIRED INTANGIBLE ASSETS The following table details acquired intangible assets (in thousands): Balance at December 31, 2024 Weighted Average Estimated Useful Life Cost Accumulated Amortization Net Technology assets 5 years $ 353,791 $ (241,110) $ 112,681 Customer assets 15 years 1,401,102 (332,153) 1,068,949 Trade names 9 years 383,838 (132,590) 251,248 Other 7 years 5,299 (5,110) 189 Total $ 2,144,030 $ (710,963) $ 1,433,067 Balance at December 31, 2023 Weighted Average Estimated Useful Life Cost Accumulated Amortization Net Technology assets 5 years $ 393,511 $ (201,409) $ 192,102 Customer assets 14 years 1,473,970 (237,316) 1,236,654 Trade names 9 years 428,944 (102,774) 326,170 Other 9 years 13,299 (6,704) 6,595 Total $ 2,309,724 $ (548,203) $ 1,761,521 All intangible assets are amortized over their estimated useful lives. The change in the carrying value of intangible assets was as follows (in thousands): Year Ended December 31, 2024 2023 2022 Acquired intangible assets, net, beginning of the period $ 1,761,521 $ 2,014,034 $ 257,049 Acquisitions 7,536 6,300 2,006,490 Amortization expense (223,072) (246,873) (208,952) Foreign currency translation and other adjustments (112,918) (11,940) (40,553) Acquired intangible assets, net, end of the period $ 1,433,067 $ 1,761,521 $ 2,014,034 The estimated future amortization expense of intangible assets as of December 31, 2024 is as follows (in thousands): 2025 $ 190,611 2026 180,407 2027 136,843 2028 133,055 Thereafter 792,151 Total $ 1,433,067

OTHER CONSOLIDATED BALANCE SHEE

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT)	12 Months Ended
	Dec. 31, 2024
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): December 31, December 31, Restricted cash (i) $ 902,478 $ 770,380 Processing costs receivable 478,767 365,153 Loans held for investment, net of allowance for loan losses (ii) 365,062 247,631 Accounts receivable, net 148,898 134,824 Prepaid expenses 129,343 100,770 Inventory, net 104,990 110,097 Short term deposits (iii) 87,968 397,630 Other 324,198 227,003 Total $ 2,541,704 $ 2,353,488 (i) Includes a portion invested in money market funds. Refer to Note 5, Fair Value Measurements for further details. (ii) Refer to Note 7, Customer Loans for further details . (iii) As of December 31, 2023, includes a $350.0 million deposit held by a processor to meet requirements related to processing volumes under an arrangement that was executed in the fourth quarter of 2023. During the first quarter of 2024, this $350.0 million deposit was returned to the Company. This activity is included within cash flows from operating activities within the Company's consolidated statements of cash flows. Accrued Expenses and Other Current Liabilities The following table presents the detail of accrued expenses and other current liabilities (in thousands): December 31, December 31, Accrued expenses $ 725,339 $ 538,812 Customer deposits 241,884 167,028 Accounts payable 117,963 142,554 Accrued transaction losses (i) 58,580 54,042 Accrued royalties 57,605 62,140 Operating lease liabilities, current 52,880 53,721 Other 270,898 316,372 Total $ 1,525,149 $ 1,334,669 (i) 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): Year Ended December 31, 2024 2023 Accrued transaction losses, beginning of the period $ 54,042 $ 64,539 Provision for transaction losses 111,163 95,885 Charge-offs to accrued transaction losses (106,625) (106,382) Accrued transaction losses, end of the period $ 58,580 $ 54,042 In addition to amounts reflected in the table above, the Company recognized additional provision for transaction losses that was realized and written-off within the same period. Such losses are primarily related to Cash App transactions, such as peer-to-peer transactions and negative balances, that are uncertain in nature. The Company recorded $274.8 million and $405.6 million for the years ended December 31, 2024 and 2023, respectively, for such losses. Other Non-Current Assets The following table presents the detail of other non-current assets (in thousands): December 31, December 31, Bitcoin investment (i) $ 792,282 $ 339,898 Investment in non-marketable equity securities (ii) 245,557 205,268 Restricted cash 69,915 71,812 Other 131,794 113,111 Total $ 1,239,548 $ 730,089 (i) Refer to Note 13, Bitcoin for further details. (ii) 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 from orderly transactions for identical or similar investments of the same issuer. Adjustments are recorded within other expense (income), net on the consolidated statements of operations. The adjustments to the carrying value of the Company's non-marketable equity securities measured using the measurement alternative were as follows (in thousands): December 31, December 31, Carrying amount, beginning of period $ 205,268 $ 208,880 Net additions 4,500 4,500 Gross unrealized gains 70,702 — Gross unrealized losses and impairments (34,913) (8,112) Carrying amount, end of period $ 245,557 $ 205,268 The following table summarizes the cumulative net unrealized upward and downward adjustments related to the Company's non-marketable equity securities measured using the measurement alternative (in thousands): December 31, December 31, Upward adjustments $ 155,329 $ 115,187 Downward adjustments (including impairment) $ (2,061) $ (2,707)

OTHER CONSOLIDATED BALANCE SH_2

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT)	12 Months Ended
	Dec. 31, 2024
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): December 31, December 31, Restricted cash (i) $ 902,478 $ 770,380 Processing costs receivable 478,767 365,153 Loans held for investment, net of allowance for loan losses (ii) 365,062 247,631 Accounts receivable, net 148,898 134,824 Prepaid expenses 129,343 100,770 Inventory, net 104,990 110,097 Short term deposits (iii) 87,968 397,630 Other 324,198 227,003 Total $ 2,541,704 $ 2,353,488 (i) Includes a portion invested in money market funds. Refer to Note 5, Fair Value Measurements for further details. (ii) Refer to Note 7, Customer Loans for further details . (iii) As of December 31, 2023, includes a $350.0 million deposit held by a processor to meet requirements related to processing volumes under an arrangement that was executed in the fourth quarter of 2023. During the first quarter of 2024, this $350.0 million deposit was returned to the Company. This activity is included within cash flows from operating activities within the Company's consolidated statements of cash flows. Accrued Expenses and Other Current Liabilities The following table presents the detail of accrued expenses and other current liabilities (in thousands): December 31, December 31, Accrued expenses $ 725,339 $ 538,812 Customer deposits 241,884 167,028 Accounts payable 117,963 142,554 Accrued transaction losses (i) 58,580 54,042 Accrued royalties 57,605 62,140 Operating lease liabilities, current 52,880 53,721 Other 270,898 316,372 Total $ 1,525,149 $ 1,334,669 (i) 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): Year Ended December 31, 2024 2023 Accrued transaction losses, beginning of the period $ 54,042 $ 64,539 Provision for transaction losses 111,163 95,885 Charge-offs to accrued transaction losses (106,625) (106,382) Accrued transaction losses, end of the period $ 58,580 $ 54,042 In addition to amounts reflected in the table above, the Company recognized additional provision for transaction losses that was realized and written-off within the same period. Such losses are primarily related to Cash App transactions, such as peer-to-peer transactions and negative balances, that are uncertain in nature. The Company recorded $274.8 million and $405.6 million for the years ended December 31, 2024 and 2023, respectively, for such losses. Other Non-Current Assets The following table presents the detail of other non-current assets (in thousands): December 31, December 31, Bitcoin investment (i) $ 792,282 $ 339,898 Investment in non-marketable equity securities (ii) 245,557 205,268 Restricted cash 69,915 71,812 Other 131,794 113,111 Total $ 1,239,548 $ 730,089 (i) Refer to Note 13, Bitcoin for further details. (ii) 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 from orderly transactions for identical or similar investments of the same issuer. Adjustments are recorded within other expense (income), net on the consolidated statements of operations. The adjustments to the carrying value of the Company's non-marketable equity securities measured using the measurement alternative were as follows (in thousands): December 31, December 31, Carrying amount, beginning of period $ 205,268 $ 208,880 Net additions 4,500 4,500 Gross unrealized gains 70,702 — Gross unrealized losses and impairments (34,913) (8,112) Carrying amount, end of period $ 245,557 $ 205,268 The following table summarizes the cumulative net unrealized upward and downward adjustments related to the Company's non-marketable equity securities measured using the measurement alternative (in thousands): December 31, December 31, Upward adjustments $ 155,329 $ 115,187 Downward adjustments (including impairment) $ (2,061) $ (2,707)

BITCOIN

BITCOIN	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
BITCOIN	BITCOIN A) Company Owned Bitcoin Bitcoin investment The Company's bitcoin investment, which is included within “Other non-current assets” on the consolidated balance sheets, is remeasured at fair value at the end of each reporting period. As of December 31, 2024 and 2023, the Company held approximately 8,485 and 8,038 bitcoins for investment purposes with a cost basis of $251.5 million and $220.0 million, respectively. The following table summarizes the changes in the Company’s bitcoin investment (in thousands, except number of bitcoin): Amount of bitcoin Value Balance at December 31, 2022 8,038 $ 102,303 Cumulative effect of adoption of ASU 2023-08 — 30,511 Remeasurement — 207,084 Balance at December 31, 2023 8,038 $ 339,898 Additions 447 31,466 Remeasurement — 420,918 Balance at December 31, 2024 8,485 $ 792,282 Bitcoin for operating purposes The Company holds a small amount of bitcoin for operating purposes, at any time, to facilitate the purchases and sales of bitcoin on behalf of Cash App customers. The bitcoin for operating purposes is reflected on the consolidated balance sheets within “Other current assets”. The following table summarizes the changes in the Company's bitcoin for operating purposes (in thousands, except number of bitcoin): Amount of bitcoin Value Balance at December 31, 2022 638 $ 10,941 Additions 335,213 9,369,762 Dispositions (335,467) (9,364,010) Balance at December 31, 2023 384 $ 16,693 Additions 158,775 9,940,634 Dispositions (159,001) (9,941,995) Balance at December 31, 2024 158 $ 15,332 Given the Company holds a small amount of bitcoin for operating purposes and such bitcoin is held for only a short period, typically less than a day, any remeasurement gains or losses on the Company's bitcoin for operating purposes were immaterial. B) Bitcoin Held for Other Parties The Company allows its Cash App customers to store their bitcoin in the Company’s digital wallets free of charge. The Company also holds an immaterial amount of bitcoin from select trading partners to facilitate bitcoin transactions for customers on Cash App. Other than bitcoin, the Company does not hold or store any other types of crypto-assets for customers or trading partners. The Company holds the cryptographic key information and maintains the internal recordkeeping of the bitcoin held for other parties. The Company's contractual arrangements state that its customers and trading partners retain legal ownership of the bitcoin; have the right to sell, pledge, or transfer the bitcoin; and also benefit from the rewards and bear the risks associated with the ownership, including as a result of any bitcoin price fluctuations. The customer also bears the risk of loss as a result of fraud or theft, unless the loss was caused by the Company’s gross negligence or the Company’s willful misconduct. The Company does not use any of the bitcoin custodied for customers or trading partners as collateral for any of the Company’s loans or other financing arrangements; nor does it lend or pledge bitcoin held for others to any third parties. The Company occasionally engages third-party custodians to store and safeguard bitcoin on the Company's behalf. The Company has concluded, under ASC 450-20, Loss Contingencies, that it does not have a probable loss that would require it to recognize a custodial obligation

INDEBTEDNESS

INDEBTEDNESS	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
INDEBTEDNESS	INDEBTEDNESS A) Revolving Credit Facility In May 2020, the Company entered into a revolving credit agreement (as amended, the "Credit Agreement") with certain lenders, which provides for a $775.0 million senior unsecured revolving credit facility maturing on June 9, 2028. The Credit Agreement contains a financial covenant requiring the Company to maintain a minimum liquidity amount (consisting of the sum of Unrestricted Cash and Cash Equivalents plus Marketable Securities, each as defined in the Credit Agreement, plus undrawn available commitments under the Credit Agreement) of at least $250.0 million, tested on the last day of each fiscal quarter. The Company is obligated to pay customary fees for a credit facility of this size and type including a commitment fee of 0.10% to 0.20% per annum on the undrawn portion of the revolving loan commitments available under the Credit Agreement. To date, no funds have been drawn and no letters of credit have been issued under the Credit Agreement. As of December 31, 2024, $775.0 million remained available for draw subject to compliance with our covenants. The Company incurred immaterial unused commitment fees during the years ended December 31, 2024, 2023, and 2022. As of December 31, 2024, the Company was in compliance with all financial covenants under the Credit Agreement. Loans under the Credit Agreement bear interest at the Company's option of (i) an annual rate based on the forward-looking term rate based on the Secured Overnight Financing Rate ("Term SOFR") or (ii) a base rate. Loans based on Term SOFR shall bear interest at a rate equal to Term SOFR plus a margin of between 1.25% and 1.75%, depending on the Company's total net leverage ratio. Loans based on the base rate shall bear interest at a rate based on the highest of the prime rate, the federal funds rate plus 0.50%, and Term SOFR with a tenor of one-month plus 1.00%, in each case, plus a margin ranging from 0.25% to 0.75%, depending on the Company's total net leverage ratio. 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. The Company also has uncommitted and unsecured lines of credit with certain third-party banks for short-term liquidity needs, subject to availability of funds, through Square Financial Services. There were no outstanding balances as of December 31, 2024 and 2023. B) Warehouse Funding Facilities Following the acquisition of Afterpay, the Company assumed Afterpay's existing warehouse funding facilities. The Company has financing arrangements with financial institutions in Australia, New Zealand, the United States, and the United Kingdom (collectively, the “Warehouse Facilities”). The Warehouse Facilities have been arranged utilizing wholly-owned and consolidated entities (collectively, the Warehouse Special Purpose Entities ("Warehouse SPEs")) formed for the sole purpose of financing the origination of consumer receivables to partly fund the Company's BNPL platform. Borrowings under the Warehouse Facilities are secured against the respective consumer receivables. While the Warehouse SPEs are included in our consolidated financial statements, they are separate legal entities that maintain legal ownership of the receivables they hold. The assets of the Warehouse SPEs are not available to satisfy our claims or those of our creditors. These Warehouse Facilities have maturity dates through September 2027. As of December 31, 2024, the aggregate amount of the Warehouse Facilities, using the respective exchange rates at perio d-end , was $1.7 billion on a revolving basis, of which $1.5 billion was drawn and $253.9 million remained available . All Warehouse Facilities contain portfolio parameters based on performance of the underlying consumer receivables, which each respective region has satisfied as of December 31, 2024. None of the Warehouse Facilities contain corporate financial covenants. All Warehouse Facilities are on a variable rate basis which aligns closely to the weighted-average life of the consumer receivables they finance. Borrowings under these facilities bear interest at (i) a base rate aligned to either the local risk free rate, such as Term SOFR and the Sterling Overnight Index Average or similar, and (ii) a margin which is set for the term of the availability period. The interest expense incurred on the Company's Warehouse Facilities is included within general and administrative as part of the Company's operating expenses. Interest expense on the Company's Warehouse Facilities was $72.0 million, $65.9 million, and $16.2 million for the years ended December 31, 2024, 2023, and 2022, respectively. In addition, each Warehouse Facility requires payment of immaterial commitment fees. The table below summarizes the future scheduled principal payments of amounts drawn on the Company's Warehouse Facilities (in thousands): December 31, 2025 (i) $ 185,000 2026 533,609 2027 763,071 Total $ 1,481,680 (i) Future scheduled principal payments in 2025 are disclosed as warehouse funding facilities, current portion within total current liabilities on the consolidated balance sheet. C) Notes Senior Unsecured Notes due in 2026 and 2031 On May 20, 2021, the Company issued $2.0 billion in aggregate principal amount of senior unsecured notes comprised of $1.0 billion in aggregate principal amount of senior unsecured notes due 2026 ("2026 Senior Notes") and $1.0 billion in aggregate principal amount of senior unsecured notes due 2031 ("2031 Senior Notes"). The 2026 Senior Notes mature on June 1, 2026, unless earlier redeemed or repurchased, and bear interest at a rate of 2.75% payable semi-annually on June 1 and December 1 of each year. The 2031 Senior Notes mature on June 1, 2031, unless earlier redeemed or repurchased, and bear interest at a rate of 3.50% payable semi-annually on June 1 and December 1 of each year. The 2026 Senior Notes and 2031 Senior Notes are subject to optional redemption provisions. At any time prior to May 1, 2026, in the case of the 2026 Senior Notes, and March 1, 2031, in the case of the 2031 Senior Notes, the Company may redeem the applicable series in whole or part at a price equal to 100% of the principal amount of the notes to be redeemed plus an applicable premium and accrued and unpaid interest, if any, to but excluding the redemption date. The applicable premium for any note is the greater of: (i) 1.0% of the principal amount of such note, and (ii) the excess, if any, of (a) the present value at the redemption date of all scheduled payments of interest plus principal on such note (excluding accrued but unpaid interest, if any, to, but excluding, the redemption date) computed using a discount rate equal to the Treasury Rate as of such redemption date plus 50 basis points, over (b) the principal amount of such note. At any time on or after May 1, 2026, in the case of the 2026 Senior Notes, and March 1, 2031, in the case of the 2031 Senior Notes, the Company may redeem the notes of the applicable series in whole or part at a price of 100% of the principal amount of the notes to be redeemed plus accrued and unpaid interest, if any, to but excluding the redemption date. If the Company experiences a change of control triggering event (as defined in the applicable indenture), the Company must offer to repurchase the 2026 Senior Notes or 2031 Senior Notes, as applicable, at a repurchase price equal to 101% of the principal amount of the applicable notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. In the event of default, the trustee or holders of at least 25% in aggregate principal amount of the applicable series of outstanding Senior Notes under the applicable indenture may declare all of the notes of the applicable series to be due and immediately payable. If the event of default is the result of specified events of bankruptcy, insolvency or reorganization, all of the notes of the applicable series will become due without any declaration or action by the trustee or holders. If there is a default in the payment of interest, the Company shall pay the defaulted interest plus, to the extent lawful, interest payable on the defaulted interest at the rate provided in the applicable indenture. Debt issuance costs related to the 2026 Senior Notes and 2031 Senior Notes were comprised of discounts and commissions payable to the initial purchasers of $22.5 million and third party offering costs of $5.7 million. Issuance costs are amortized to interest expense using the effective interest method at an effective interest rate of 3.06% and 3.69% for each of the respective terms of the 2026 Senior Notes and 2031 Senior Notes, respectively. Senior Unsecured Notes due 2032 On May 9, 2024, the Company issued $2.0 billion in aggregate principal amount of senior unsecured notes due 2032 ("2032 Senior Notes"). The 2032 Senior Notes mature on May 15, 2032, unless earlier redeemed or repurchased, and bear interest at a rate of 6.50% payable semi-annually on May 15 and November 15 of each year, commencing on November 15, 2024. At any time prior to May 15, 2027, the Company may redeem the 2032 Senior Notes, in whole or part, at a price equal to 100% of the principal amount of the 2032 Senior Notes to be redeemed plus an applicable premium and accrued and unpaid interest, if any, to but excluding the redemption date. The applicable premium for the 2032 Senior Notes is the greater of (1) 1.0% of the principal amount of such note, and (2) the excess, if any, of (a) the sum of the present values at the redemption date of (i) the applicable redemption price of such note that would apply if such note were redeemed on May 15, 2027 plus (ii) the remaining scheduled payments of interest due on such note to, and including, May 15, 2027 (excluding accrued but unpaid interest to the redemption date) discounted to the redemption date on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (as defined in the indenture governing the 2032 Senior Notes) plus 50 basis points, over (b) the principal amount of such note to be redeemed. On and after May 15, 2027, the Company may redeem the 2032 Senior Notes at specified prices as set forth in the indenture governing the 2032 Senior Notes plus accrued and unpaid interest, if any, to, but excluding, the redemption date. If the Company experiences a change of control triggering event (as defined in the indenture governing the 2032 Senior Notes), the Company must offer to repurchase the 2032 Senior Notes at a repurchase price equal to 101% of the principal amount of the applicable 2032 Senior Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. In the event of default, the trustee or holders of at least 25% in aggregate principal amount of the outstanding 2032 Senior Notes under the indenture governing the 2032 Senior Notes may declare all of the notes of the 2032 Senior Notes to be due and immediately payable. If the event of default is the result of specified events of bankruptcy, insolvency or reorganization, all of the 2032 Senior Notes will become due without any declaration or action by the trustee or holders. If there is a default in the payment of interest, the Company shall pay the defaulted interest plus, to the extent lawful, interest payable on the defaulted interest at the rate provided in the indenture governing the 2032 Senior Notes. The indenture governing the 2032 Senior Notes contains covenants that, among other things, restrict the ability of the Company and/or its domestic restricted subsidiaries to create certain liens and certain indebtedness, enter into sale and leaseback transactions, or to transfer all or substantially all of the Company and its subsidiaries assets to another person. These covenants are subject to a number of other limitations and exceptions set forth in the indenture governing the 2032 Senior Notes. The indenture governing the 2032 Senior Notes provides for customary events of default, including, but not limited to, failure to pay principal and interest, failure to comply with covenants, agreements or conditions, and certain events of bankruptcy or insolvency involving the Company and its significant subsidiaries. In the case of an event of default arising from specified events of bankruptcy or insolvency involving the Company, all outstanding 2032 Senior Notes will become due and payable immediately without further action or notice. If any other event of default under the indenture governing the 2032 Senior Notes occurs or is continuing, the trustee or holders of at least 25% in aggregate principal amount of the outstanding 2032 Senior Notes may declare all the 2032 Senior Notes to be due and payable immediately. Debt issuance costs related to the 2032 Senior Notes were comprised of commissions payable to the initial purchasers of $21.0 million and third party offering costs of $5.6 million. Issuance costs are amortized to interest expense using the effective interest method at an effective interest rate of 6.7% for the term of the 2032 Senior Notes. Convertible Notes due in 2026 and 2027 On November 13, 2020, the Company issued $1.15 billion in aggregate principal amount of convertible senior notes comprised of $575.0 million in aggregate principal amount of convertible senior notes due 2026 ("2026 Convertible Notes") and $575.0 million in aggregate principal amount of convertible senior notes due 2027 ("2027 Convertible Notes"). The 2026 Convertible Notes mature on May 1, 2026, unless earlier converted or repurchased, and bear a zero rate of interest. The 2027 Convertible 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 Convertible Notes and 2027 Convertible 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 Convertible Notes and 2027 Convertible Notes, respectively, only under the following circumstances: (i) 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; (ii) 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 Convertible Notes and 2027 Convertible Notes) per $1,000 principal amount of 2026 Convertible Notes and 2027 Convertible 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; (iii) if the Company calls any or all of the 2026 Convertible Notes and 2027 Convertible 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 (iv) upon the occurrence of specified corporate events, including certain distributions, the occurrence of a fundamental change (as defined in the indenture governing the 2026 Convertible Notes and 2027 Convertible 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 Convertible Notes, and on or after August 1, 2027 in the case of the 2027 Convertible 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 Convertible Notes or 2027 Convertible 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. On or after November 5, 2023 for the 2026 Convertible Notes, and on or after November 5, 2024 for the 2027 Convertible Notes, the Company may redeem all or a portion of each series of convertible 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 Convertible Notes and 2027 Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. The circumstances to allow the holders to convert their 2026 Convertible Notes and 2027 Convertible Notes were not met during the year ended December 31, 2024. As of December 31, 2024, no principal had converted and the if-converted value did not exceed the outstanding principal amount of either the 2026 Convertible Notes or 2027 Convertible Notes. Convertible Notes due in 2025 On March 5, 2020, the Company issued $1.0 billion in aggregate principal amount of convertible senior notes ("2025 Convertible Notes"). The 2025 Convertible Notes mature on March 1, 2025, unless earlier converted or repurchased, and bear interest at a rate of 0.125% payable semi-annually on March 1 and September 1 of each year. The 2025 Convertible 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 Convertible 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 Convertible Notes at any time prior to the close of business on the business day immediately preceding December 1, 2024 only under the following circumstances: (i) 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; (ii) 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 Convertible Notes) per $1,000 principal amount of 2025 Convertible 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; (iii) if the Company calls any or all of the 2025 Convertible Notes for redemption, such 2025 Convertible 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 (iv) upon the occurrence of specified corporate events, including certain distributions, the occurrence of a fundamental change (as defined in the indenture governing the 2025 Convertible 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 Convertible 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 Convertible 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 Convertible 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 Convertible 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 Convertible 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 Convertible Notes were met in the first quarter of 2021 through the first quarter of 2022. The circumstances were not met in the subsequent periods through the year ended December 31, 2024. As of December 31, 2024, certain holders of the 2025 Convertible Notes converted an immaterial aggregate principal amount of their 2025 Convertible Notes. The Company has settled the conversions through the issuance of an immaterial amount of shares of the Company's Class A common stock. As of December 31, 2024, the if-converted value did not exceed the outstanding principal amount of the 2025 Convertible Notes. The 2025 Convertible Notes, 2026 Convertible Notes, and 2027 Convertible Notes (collectively, the “Convertible Notes”), together with the 2026 Senior Notes, 2031 Senior Notes, and 2032 Senior Notes (collectively, the "Senior Notes") are collectively referred to as the “Notes.” The following table summarizes the Company's Notes as of December 31, 2024 (in thousands): Principal Outstanding Unamortized Debt Issuance Costs Net Carrying Value 2026 Senior Notes $ 1,000,000 $ (3,983) $ 996,017 2031 Senior Notes 1,000,000 (9,029) 990,971 2032 Senior Notes 2,000,000 (24,974) 1,975,026 2025 Convertible Notes (i) 1,000,000 (503) 999,497 2026 Convertible Notes 575,000 (2,277) 572,723 2027 Convertible Notes 575,000 (3,798) 571,202 Total $ 6,150,000 $ (44,564) $ 6,105,436 (i) Net carrying value disclosed as current portion of long-term debt within total current liabilities on the consolidated balance sheet. The following table summarizes the Company's Notes as of December 31, 2023 (in thousands): Principal Outstanding Unamortized Debt Issuance Costs Net Carrying Value 2031 Senior Notes $ 1,000,000 $ (10,433) $ 989,567 2026 Senior Notes 1,000,000 (6,792) 993,208 2027 Convertible Notes 575,000 (5,135) 569,865 2026 Convertible Notes 575,000 (3,986) 571,014 2025 Convertible Notes 1,000,000 (3,563) 996,437 Total $ 4,150,000 $ (29,909) $ 4,120,091 The Company recognized interest expense on the Notes as follows (in thousands): Year Ended December 31, 2024 2023 2022 Contractual interest expense $ 148,425 $ 65,566 $ 66,910 Amortization of debt issuance costs 11,964 10,538 10,979 Total $ 160,389 $ 76,104 $ 77,889 Convertible Note Hedge and Warrant Transactions In connection with the offering of the 2027 Convertible Notes, the Company entered into convertible note hedge transactions ("2027 Convertible Note Hedges") with certain financial institution counterparties ("2027 Note Hedge Counterparties") whereby the Company has the option to purchase a total of approximately 1.9 million shares of its Class A common stock at a price of approximately $299.13 per share. The total cost of the 2027 convertible note hedge transactions was $104.3 million. In addition, the Company sold warrants ("2027 Warrants") to the 2027 Note Hedge Counterparties whereby the 2027 Note Hedge Counterparties have the option to purchase a total of 1.9 million shares of the Company’s Class A common stock at a price of approximately $414.18 per share for the 2027 Warrants. The Company received $68.0 million in cash proceeds from the sale of the 2027 Warrants. Taken together, the purchase of the 2027 Convertible Note Hedges and sale of the 2027 Warrants are intended to reduce dilution from the conversion of the 2027 Convertible Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of the converted 2027 Convertible Notes, as the case may be, and to effectively increase the overall conversion price from approximately $299.13 per share to approximately $414.18 per share for the 2027 Warrants. As these instruments are considered indexed to the Company's own stock and are considered equity classified, the 2027 Convertible Note Hedges and 2027 Warrants are recorded in stockholders’ equity, are not accounted for as derivatives, and are not remeasured each reporting period. The net costs incurred in connection with the 2027 Convertible Note Hedges and 2027 warrant transactions were recorded as a reduction to additional paid-in capital on the consolidated balance sheets. In connection with the offering of the 2026 Convertible Notes, the Company entered into convertible note hedge transactions ("2026 Convertible Note Hedges") with certain financial institution counterparties ("2026 Note Hedge Counterparties") whereby the Company has the option to purchase a total of approximately 1.9 million shares of its Class A common stock at a price of approximately $299.13 per share. The total cost of the 2026 Convertible Note Hedges was $84.6 million. In addition, the Company sold warrants ("2026 Warrants") to the 2026 Note Hedge Counterparties whereby the 2026 Note Hedge Counterparties have the option to purchase a total of 1.9 million shares of the Company’s Class A common stock at a price of approximately $368.16 per share for the 2026 Warrants. The Company received $64.6 million in cash proceeds from the sale of the 2026 Warrants. Taken together, the purchase of the 2026 Convertible Note Hedges and sale of the 2026 Warrants are intended to reduce dilution from the conversion of the 2026 Convertible Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of the converted 2026 Convertible Notes, as the case may be, and to effectively increase the overall conversion price from approximately $299.13 per share to approximately $368.16 per share for the 2026 Warrants. As these instruments are considered indexed to the Company's own stock and are considered equity classified, the 2026 Convertible Note Hedges and 2026 Warrants are recorded in stockholders’ equity, are not accounted for as derivatives, and are not remeasured each reporting period. The net costs incurred in connection with the 2026 Convertible Note Hedges and 2026 Warrants were recorded as a reduction to additional paid-in capital on the consolidated balance sheets. In connection with the offering of the 2025 Convertible Notes, the Company entered into convertible note hedge transactions ("2025 Convertible Note Hedges") with certain financial institution counterparties ("2025 Note Hedge Counterparties") whereby the Company has the option to purchase a total of approximately 8.3 million shares of its Class A common stock at a price of approximately $121.01 per share. The total cost of the 2025 Convertible Note Hedges was $149.2 million. In addition, the Company sold warrants ("2025 Warrants") to the 2025 Note Hedge Counterparties whereby the 2025 Note Hedge Counterparties have the option to purchase a total of 8.26 million shares of the Company’s Class A common stock at a price of approximately $161.34 per share. The Company received $99.5 million in cash proceeds from the sale of the 2025 Warrants. Taken together, the purchase of the 2025 Convertible Note Hedges and sale of the 2025 Warrants are intended to reduce dilution from the conversion of the 2025 Convertible Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of the converted 2025 Convertible Notes, as the case may be, and to effectively increase the overall conversion price from approximately $121.01 per share to approximately $161.34 per share. As these instruments are considered indexed to the Company's own stock and are considered equity classified, the 2025 Convertible Note Hedges and 2025 Warrants are recorded in stockholders’ equity, are not accounted for as derivatives, and are not remeasured each reporting period. The net costs incurred in connection with the 2025 Convertible Note Hedges and 2025 Warrants were recorded as a reduction to additional paid-in capital on the consolidated balance sheets.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES The domestic and foreign components of income (loss) before income taxes were as follows (in thousands): Year Ended December 31, 2024 2023 2022 Domestic $ 1,332,836 $ (30,304) $ (347,968) Foreign 24,318 1,161 (217,349) Income (loss) before income taxes $ 1,357,154 $ (29,143) $ (565,317) The components of the provision for income taxes were as follows (in thousands): Year Ended December 31, 2024 2023 2022 Current: Federal $ 46,390 $ 12,003 $ 14,352 State 38,489 14,351 17,504 Foreign 71,590 51,506 25,425 Total current provision for income taxes 156,469 77,860 57,281 Deferred: Federal (1,481,491) (58,532) (59,909) State (189,913) (25,072) (7,677) Foreign 5,592 (2,275) (2,007) Total deferred benefit from income taxes (1,665,812) (85,879) (69,593) Total benefit from income taxes $ (1,509,343) $ (8,019) $ (12,312) The following is a reconciliation of the statutory federal income tax rate to the Company's effective tax rate: December 31, 2024 2023 2022 Tax at federal statutory rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 3.9 45.9 (1.1) Foreign rate differential 1.4 (175.6) (2.0) Other non-deductible expenses 2.7 (21.7) (1.2) Credits (4.8) 292.9 27.0 Other items 0.1 (2.2) 0.6 Change in valuation allowance 0.4 11.2 (46.7) Share-based compensation (2.7) (16.1) 7.5 Change in uncertain tax positions 1.3 (27.4) (1.5) Income/loss inclusions of U.S. foreign subsidiaries 0.9 (216.5) 2.1 Non-deductible executive compensation 0.2 (9.2) (0.3) Non-deductible acquisition related costs — (15.0) (3.0) Foreign exchange gain/loss 0.1 174.1 (0.2) Impairment loss 2.1 (60.8) — Return to provision adjustments 0.3 26.9 — U.S. valuation allowance release (96.3) — — Internal Restructuring (44.4) — — Non-deductible penalties 2.6 — — Total (111.2) % 27.5 % 2.2 % The tax effects of temporary differences and related deferred tax assets and liabilities were as follows (in thousands): December 31, 2024 2023 Deferred tax assets: Capitalized costs & research and development capitalization $ 886,474 $ 552,731 Accrued expenses 122,470 173,556 Net operating loss carryforwards 388,199 935,289 Tax credit carryforwards 485,266 529,314 Share-based compensation 34,979 45,153 Intangible and other assets 375,316 — Other 105,976 61,489 Operating lease liability 81,885 85,154 Cryptocurrency investment — — Deferred consideration 9,192 6,943 Convertible notes 18,339 33,952 Total deferred tax assets 2,508,096 2,423,581 Valuation allowance (646,223) (2,001,438) Total deferred tax assets, net of valuation allowance 1,861,873 422,143 Deferred tax liabilities: Intangible and other assets — (332,512) Unrealized gain on investments (36,582) (25,618) Operating lease right-of-use asset (52,849) (60,600) Cryptocurrency investment (133,883) (29,711) Total deferred tax liabilities (223,314) (448,441) Net deferred tax assets (liabilities) $ 1,638,559 $ (26,298) Reported on the consolidated balance sheets as (after valuation allowance and jurisdictional netting): Deferred tax assets $ 1,800,994 $ 9,397 Deferred tax liabilities (162,435) (35,695) Net deferred tax assets (liabilities) $ 1,638,559 $ (26,298) On December 31, 2024, the Company completed certain internal restructuring steps resulting in the internal transfer of rest of world intellectual property from certain international subsidiaries into the U.S. The result of the intellectual property integration is the generation of an Internal Revenue Code ("IRC") Section IRC 197 tax amortizable intangible for the Block, Inc. U.S. consolidated federal tax filing. The IRC 197 intangible is amortizable over 15 years and a deferred tax asset of $376 million is recognized as of December 31, 2024. In addition, as part of the internal restructuring steps, the Company integrated into the Block, Inc. U.S. federal consolidated tax filing group several international subsidiaries: Clearpay S.A.U. (Spain), Clearpay Technology SL (Spain)., Clearpay Finance Limited (UK), and Squareup Pte Ltd. (Singapore). The result of the integration is the generation of additional tax amortizable IRC 197 intangibles and IRC 174 tax amortization for the Block Inc. US consolidated federal tax filing, resulting in a deferred tax asset of $226 million. Realization of deferred tax assets is dependent upon the generation of future taxable income, the timing and amount of which are uncertain. The Company's deferred tax assets and liabilities are primarily related to U.S. operations. In 2024, the Company's U.S. consolidated group generated a current tax provision resulting from, among other factors, increased net earnings, the requirement to capitalize research and development expenses under Internal Revenue Code ("IRC") Section 174, and a decline in stock-based compensation deductions. The Company's U.S. consolidated group has significant deferred tax assets in the form of net operating loss carryovers, tax credit carryovers, capitalized costs resulting from the IRC Section 174 capitalization requirement, and other tax deductible temporary differences. In the fourth quarter of 2024, based on the relative weight of positive and negative evidence, we concluded that it is more likely than not that a material portion of our U.S. federal and certain state deferred tax assets are realizable due to the following forms of positive evidence: our emergence into a three year cumulative income position, a history of U.S. federal and state taxable income on recent tax return filings, continued utilization and net reduction of federal and state tax attribute carryovers, reversal of deferred tax liabilities, and forecasts of worldwide and U.S. pre-tax earnings. Therefore, we released the valuation allowance associated with a significant portion of our U.S. federal and certain states' deferred tax assets, resulting in a $1.3 billion non-cash benefit to the provision for income taxes. Additionally, the Company has maintained a valuation allowance on certain federal deferred tax assets in the form of loss carryovers that have federal limits or restrictions on utilization, foreign tax credit carryovers, and capital losses which do not have sufficient evidence of future income of the appropriate character to recognize. Further, the Company has maintained a full valuation allowance against its California deferred tax assets, which consist primarily of tax loss carryovers and tax credit carryovers. The Company does not have sufficient evidence of future income to realize the California deferred tax assets on a more likely than not basis. The Company also has a history of tax losses in certain foreign jurisdictions, which it believes are not more likely than not to be realized as of December 31, 2024. Accordingly, the Company retained a full valuation allowance on its deferred tax assets in these jurisdictions. 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 valuation allowance decreased by approximately $1.4 billion and decreased by $98.9 million during the years ended December 31, 2024, and 2023, respectively. Further, in the fourth quarter of 2024, we reached a settlement with the Singapore tax authorities in relation to historical tax losses incurred by our Singapore subsidiary. The result is a reduction to our tax loss carryover asset of $140 million and a corresponding release of the uncertain tax positions and valuation allowance against the tax loss carryover asset. As of December 31, 2024, the Company had $669.0 million of federal, $3.8 billion of state, and $767.5 million of foreign net operating loss carryforwards. The remaining federal net operating loss carryforwards have no expiration date. The state operating losses will begin to expire in 2025 and the foreign net operating loss carryforwards will begin to expire in 2027. As of December 31, 2024, the Company had $427.4 million of federal, $316.8 million of state, and $47.3 million of foreign research credit carryforwards. The remaining federal research credit carryforwards will begin to expire in 2040. The state and foreign credit carryforwards have no expiration date. Utilization of the net operating loss carryforwards and credits may be subject to annual limitations due to the ownership change limitations provided by the Internal Revenue Code of 1986, as amended, and similar state provisions. The annual limitations may result in the expiration of net operating losses and credits before they are able to be utilized. The Company does not expect any previous ownership changes, as defined under Section 382 and 383 of the Internal Revenue Code, to result in an ultimate limitation that will materially reduce the total amount of net operating loss carryforwards and credits that can be utilized. As of December 31, 2024, the Company had unrecognized tax benefits of $633.6 million, of which $107.5 million would impact the annual effective tax rate if recognized and the remainder of which would result in a corresponding adjustment to the valuation allowance. The change in the balance of unrecognized tax benefit was as follows (in thousands): Year Ended December 31, 2024 2023 2022 Unrecognized tax benefit, beginning of the period $ 465,103 $ 506,512 $ 448,392 Gross increases and decreases related to prior period tax positions 34,050 (7,348) 5,431 Gross increases and decreases related to current period tax positions 139,217 (30,063) 30,988 Reductions related to lapse of statute of limitations (4,781) (3,998) (2,950) Gross increases related to acquisitions — — 24,651 Unrecognized tax benefit, end of the period $ 633,589 $ 465,103 $ 506,512 The Company recognizes interest and penalties related to income tax matters as a component of income tax expense. The Company had total accrued interest and penalties of $23.8 million, $22.1 million, and $9.1 million related to uncertain tax positions for the years ended December 31, 2024, 2023, and 2022, respectively. It is reasonably possible that over the next 12-month period the Company may experience a decrease in its unrecognized tax benefits as a result of tax examinations or lapses of statute of limitations. The estimated decrease in unrecognized tax benefits may range up to $23.8 million. The Company is subject to taxation in the United States and various state and foreign jurisdictions. The Company is currently under examination in California for tax years 2013, 2014, and 2016 and in Texas for tax years 2015 to 2019. The Company’s various tax years starting with 2009 to 2023 remain open in various taxing jurisdictions. As of December 31, 2024, the Company has not provided deferred U.S. income taxes or foreign withholding taxes on temporary differences resulting from earnings for certain non-U.S. subsidiaries, which are permanently reinvested outside the U.S. cumulative undistributed earnings for these non-U.S. subsidiaries as of December 31, 2024 are $125.4 million.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITY Common Stock The Company has two classes of authorized common stock outstanding: Class A common stock and Class B common stock. Class A common stock and Class B common stock are referred to as "common stock" throughout these Notes to the Consolidated Financial Statements, unless otherwise noted. Holders of the Company's Class A common stock and Class B common stock are entitled to dividends when, as and if, declared by the Company's board of directors, subject to the rights of the holders of all classes of stock outstanding having priority rights to dividends. As of December 31, 2024, the Company did not declare any dividends. 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. Warrants In conjunction with the 2025 Convertible 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. The 2025 Warrants expire evenly over a 60 trading day period starting on June 1, 2025. None of the warrants were exercised as of December 31, 2024. In conjunction with the 2026 Convertible 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. The 2026 Warrants expire evenly over a 60 trading day period starting on August 1, 2026. None of the warrants were exercised as of December 31, 2024. In conjunction with the 2027 Convertible 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. The 2027 Warrants expire evenly over a 60 trading day period starting on February 1, 2028. None of the warrants were exercised as of December 31, 2024. Share Repurchase Program In October 2023, the board of directors of the Company authorized the repurchase of up to $1 billion of the Company’s Class A common stock. On July 25, 2024, the board of directors of the Company authorized an increase to the Company's share repurchase program to repurchase up to an additional $3 billion of the Company’s Class A common stock. During the year ended December 31, 2024, the Company repurchased 16.9 million shares of its Class A common stock for an aggregate amount of $1.2 billion. As of December 31, 2024, $2.7 billion remained available and authorized for repurchases under this share repurchase program. Repurchases may be made from time to time through open market purchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The repurchase program does not obligate the Company to acquire any particular amount of its Class A common stock and may be suspended at any time at the Company’s discretion. The timing and number of shares repurchased will depend on a variety of factors, including the stock price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors. 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. As of December 31, 2024, the total number of shares subject to stock options ("ISOs" and "NSOs", respectively), restricted stock awards ("RSAs"), and restricted stock units ("RSUs") outstanding under the 2009 Plan was 0.3 million shares. Under the 2015 Plan, shares of the Company's Class A common stock are reserved for the ISOs and NSOs, RSAs, 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 million 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 million 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 December 31, 2024, the total number of shares subject to stock options, RSAs, and RSUs outstanding under the 2015 Plan was 39 million shares, and 138 million shares were available for future issuance. A summary of stock option activity for the year ended December 31, 2024 is as follows (in thousands, except share and per share data): Number of Stock Options Outstanding Weighted Weighted Aggregate Outstanding, beginning of the period 4,991 $ 47.64 3.80 $ 195,760 Granted 578 74.03 Exercised (2,646) 23.14 Forfeited (249) 78.73 Expired (96) 142.49 Outstanding, end of the period 2,578 $ 72.17 5.11 $ 67,966 Exercisable, end of the period 1,952 $ 70.00 3.95 $ 60,701 Aggregate intrinsic value represents the difference between the Company’s estimated fair value of its common stock and the exercise price of outstanding, in-the-money options. Aggregate intrinsic value for stock options exercised for the years ended December 31, 2024, 2023, and 2022 was $145.1 million, $96.1 million, and $211.0 million, respectively. The total weighted-average grant-date fair value of options granted was $45.81, $39.13, and $73.31 per share for the years ended December 31, 2024, 2023, and 2022, respectively. Restricted Stock Activity Activity related to RSUs during the year ended December 31, 2024 is set forth below: Number of Weighted Unvested, beginning of the period 40,099 $ 74.76 Granted 22,328 71.26 Vested (16,223) 79.90 Forfeited (9,125) 74.32 Unvested, end of the period 37,079 $ 70.51 The total fair value of shares vested was $1.2 billion, $873.0 million, and $724.2 million in the years ended December 31, 2024, 2023, and 2022, respectively. Employee Stock Purchase Plan On November 17, 2015, the Company’s 2015 Employee Stock Purchase Plan ("ESPP") became effective. The ESPP allows eligible employees to purchase shares of the Company’s common stock at a discount through payroll deductions of up to 25%, subject to any plan limitations. The ESPP provides for 12-month offering periods. The offering periods are scheduled to start on the first trading day on or after May 15 and November 15 of each year. Each offering period includes two purchase periods, which begin on the first trading day on or after November 15 and May 15, and ending on the last trading day on or before May 15 and November 15, respectively. Employees are able to purchase shares at 85% of the lower of the fair market value of the Company’s common stock on the first trading day of the offering period or the last trading day of the purchase period. The number of shares available for sale under the ESPP will be increased annually on the first day of each fiscal year, equal to the least of (i) 8.4 million shares, (ii) 1% of the outstanding shares of the Company’s common stock as of the last day of the immediately preceding fiscal year, or (iii) such other amount as determined by the administrator. As of December 31, 2024, 11 million shares had been purchased under the ESPP and 34 million shares were available for future issuance under the ESPP. Share-Based Compensation The fair values of stock options granted were estimated using the following weighted-average assumptions: Year Ended December 31, 2024 2023 2022 Dividend yield — % — % — % Risk-free interest rate 4.65 % 3.48 % 3.08 % Expected volatility 62.92 % 62.32 % 59.20 % Expected term (years) 6.02 6.02 6.02 The following table summarizes the effects of share-based compensation on the consolidated statements of operations (in thousands): Year Ended December 31, 2024 2023 2022 Cost of revenue $ 707 $ 601 $ 494 Product development 903,262 902,130 701,715 Sales and marketing 131,233 130,665 105,231 General and administrative 237,355 242,701 261,849 Total $ 1,272,557 $ 1,276,097 $ 1,069,289 The Company recorded tax benefits related to stock-based compensation expense of $322.0 million, $228.2 million and $218.9 million, during the years ended December 31, 2024, 2023, and 2022, respectively. The Company recorded $25.0 million, $63.3 million, and $61.4 million of share-based compensation expense related to the Company's 2015 Employee Stock Purchase Plan during the years ended December 31, 2024, 2023 and 2022, respectively. The total share-based compensation expense for the year ended December 31, 2022 includes a $66.3 million one-time charge related to the acceleration of various share-based arrangements associated with the acquisition of Afterpay. The Company capitalized $41.2 million, $30.9 million, and $20.7 million of share-based compensation expense related to capitalized software during the years ended December 31, 2024, 2023, and 2022, respectively.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
NET INCOME PER SHARE	NET INCOME (LOSS) PER SHARE The Company computes net income (loss) per share attributable to our common stockholders using the two-class method required for multiple classes of common stock and participating securities. The holders of our Class A and Class B common stock (together, "common stock") have identical liquidation and dividend rights but different voting rights. Accordingly, we present net income (loss) per share for Class A and Class B common stock together. 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): Year Ended December 31, 2024 2023 2022 Basic net income (loss) per share: Numerator Net income (loss) attributable to common stockholders $ 2,897,047 $ 9,772 $ (540,747) Denominator Shares used to compute basic net income (loss) per share 616,993 608,856 578,949 Basic net income (loss) per share $ 4.70 $ 0.02 $ (0.93) Diluted net income (loss) per share: Numerator Net income (loss) attributable to common stockholders $ 2,897,047 $ 9,772 $ (540,747) Interest expense on convertible notes 6,216 — — Net income (loss) used to compute diluted net income (loss) per share $ 2,903,263 $ 9,772 $ (540,747) Denominator Shares used to compute basic net income (loss) per share 616,993 608,856 578,949 Stock options, restricted stock, and employee stock purchase plan 7,289 5,168 — Convertible notes 12,108 — — Shares used to compute diluted net income (loss) per share 636,390 614,024 578,949 Diluted net income (loss) per share $ 4.56 $ 0.02 $ (0.93) The following potential common shares were excluded from the calculation of diluted net income per share because their effect would have been anti-dilutive for the periods presented (in thousands): Year Ended December 31, 2024 2023 2022 Stock options, restricted stock, and employee stock purchase plan 37,687 40,431 32,185 Convertible notes — 14,297 18,029 Common stock warrants 12,108 20,243 33,699 Total anti-dilutive securities 49,795 74,971 83,913

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS In July 2019, the Company entered into a lease agreement for office space in St. Louis, Missouri, from an affiliate of one of the Company’s co-founders and current member of its board of directors, Mr. Jim McKelvey, for a term of 15.5 years with options to extend the lease term for two five-year terms. The lease possession date varied by floor, beginning in May 2020. As of December 31, 2024, the Company had recorded right-of-use assets of $10.4 million and associated lease liabilities of $15.8 million related to this lease arrangement. Under the lease agreement, the Company has 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 the option to terminate the lease.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2024
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. The Company's leases have remaining lease terms of one year to 12 years, some of which include options to extend up to five year terms, or include options to terminate the leases with advanced notice. 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. There were no finance lease obligations as of December 31, 2024. The components of lease costs for the year ended December 31, 2024 were as follows (in thousands): Year Ended December 31, 2024 2023 Fixed operating lease costs $ 57,232 $ 77,659 Variable operating lease costs 22,344 22,555 Short-term lease costs 1,939 3,332 Sublease income (1,119) (11,933) Total lease costs $ 80,396 $ 91,613 Other information related to operating leases was as follows: Year Ended December 31, 2024 2023 Weighted-average remaining lease term 6.2 years 7.0 years Weighted-average discount rate 3.75 % 3.62 % Cash flows related to leases were as follows (in thousands): Year Ended December 31, 2024 2023 Cash flows from operating activities: Payments for operating lease liabilities $ (74,129) $ (93,890) Supplemental cash flow data: Right-of-use assets obtained in exchange for operating lease obligations $ 36,976 $ 7,106 Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of December 31, 2024 are as follows (in thousands): 2025 $ 65,306 2026 63,169 2027 58,422 2028 54,115 2029 48,153 Thereafter 85,662 Total $ 374,827 Less: Amount representing interest 40,927 Less: Lease incentives 2,642 Total $ 331,258 The Company recognized total rental expenses for operating leases of $52.1 million, $75.8 million, and $93.6 million during the years ended December 31, 2024, 2023, and 2022, respectively. Purchase Commitments From time to time, we may enter into non-cancelable purchase obligations related to cloud computing infrastructure. The commitment amounts in the table below are associated with contracts that are enforceable and legally binding and that specify all significant terms, including fixed or minimum services to be used, and the approximate timing of the actions under the contracts. As of December 31, 2024, the future minimum payments under the purchase commitments were as follows (in thousands): Payments Due By Period 2025 $ 345,622 2026 263,300 2027 315,100 Total $ 924,022 The Company is currently subject to, and may in the future be involved in, various litigation matters, legal claims, investigations, and regulatory proceedings. In January 2025, the Company entered into a consent order with the Consumer Financial Protection Bureau (“CFPB”) to settle claims from the CFPB related to, among other things, Cash App's handling of customer complaints and disputes. Pursuant to the consent order, the Company paid a $55 million civil monetary penalty in January 2025 and agreed to pay between $75 million and $120 million in restitution to certain Cash App customers. The settlement amounts are reflected in the financial statements as of and for the year ended December 31, 2024. In January 2025, the Company entered into a settlement agreement and consent order (the “settlement agreement”) with various state money transmission license regulators (the “MTL regulators”) related to aspects of its Bank Secrecy Act/anti-money laundering program. Pursuant to the settlement agreement, the Company agreed to pay $80 million in administrative penalties and costs, with payments expected to be completed in or around February 2025. The settlement amount is reflected in the financial statements as of and for the year ended December 31, 2024. The Company is continuing negotiations with the New York State Department of Financial Services ("NYDFS"), one of its MTL and virtual currency regulators, related to, among other things, aspects of its Bank Secrecy Act/anti-money laundering and bitcoin programs. In January 2025, NYDFS presented the Company with potential terms for resolving this matter, and the Company is engaging in conversations with NYDFS to determine whether this matter can be settled on acceptable terms. The Company has accrued a liability for an estimated amount in connection with this matter in accordance with ASC 450. The accrued amount was not material to the financial statements as of December 31, 2024. The Company received subpoenas from Attorneys General from multiple states, seeking the production of information related to, among other things, Cash App’s handling of customer complaints and disputes. In June 2024, the state Attorneys General presented the Company with the results of their investigations. In December 2024, the state Attorneys General presented the Company with potential terms for resolving this matter and the Company is engaging in conversations with the state Attorneys General to determine if this matter can be settled on acceptable terms. The Company is unable to predict the likely outcome of this matter, which may include one or more public orders, and cannot provide any assurance that the state Attorneys General will not ultimately take legal action against the Company or that the outcome of these matters will not have a material adverse effect on the Company. The Company also received inquiries from the SEC and Department of Justice (“DOJ”) shortly after the publication of a short seller report in March 2023. In July 2024, the Company received a follow-on inquiry from the SEC. The Company believes these inquiries primarily relate to the allegations raised in the short seller report, the Company’s compliance and risk practices, and related disclosures. The Company continues to cooperate with both agencies. The Company is unable to predict the likely outcome of these matters and cannot provide any assurance that the SEC or DOJ will not ultimately take legal action against the Company or that the outcome of any such action, if brought, will not have a material adverse effect on the Company. In June 2024, the Office of the Treasurer and Tax Collector of the City and County of San Francisco (the "Tax Collector") finalized its audit and issued an assessment of San Francisco’s gross receipts tax, including interest and penalties, following its gross receipt tax audit for fiscal years 2020, 2021 and 2022. The Tax Collector has asserted that incremental taxes are owed on a portion of the receipts generated by the Company related to sales of Bitcoin. The Company strongly disagrees with the Tax Collector’s assessment and plans to vigorously pursue all available remedies. In January 2025, the Tax Collector rejected the Company’s request for redetermination, and the Company paid the assessed amount of $71.4 million and plans to file a claim for a refund. Given the amount must be paid to initiate the dispute process and will be returned in full or used to settle any final amount due to the Tax Collector, the Company views the amount as a deposit asset in the period the payment is made. Should the Company not reach a settlement or prevail in its legal challenge, the Tax Collector may challenge the Company’s gross receipts tax position going forward, including for 2023 and 2024. The Company estimates that it could incur losses associated with taxes, interest, and penalties that range from approximately $0 to $97 million in the aggregate for the fiscal years 2020, 2021, 2022, 2023 and 2024. Additional taxes, interest, and penalties for future periods could be material as well. Given the Company has concluded that a loss for this matter is not probable, the Company has not recorded a liability for the exposure related to the dispute with the Tax Collector on San Francisco’s gross receipts tax. The Company regularly assesses the likelihood of adverse outcomes resulting from litigation and regulatory proceedings and adjusts the financial statements based on such assessments. The eventual outcome of these matters may differ materially from the estimates the Company has currently accrued in the financial statements. In addition, the Company is subject to various legal matters, investigations, subpoenas, inquiries, audits, claims, lawsuits and disputes, including with regulatory bodies and governmental agencies. The Company cannot at this time fairly estimate a reasonable range of exposure, if any, of the potential liability, if any, with respect to any of these other matters. Although the Company may be subject to an adverse decision or settlement, it does not believe that the final disposition of any of these other matters will have a material adverse effect on its results of operations, financial position, or liquidity. However, the Company cannot give any assurance regarding the ultimate outcome of any of these matters, and their resolution could be material to the Company's operating results.

SEGMENT AND GEOGRAPHICAL INFORM

SEGMENT AND GEOGRAPHICAL INFORMATION	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHICAL INFORMATION	SEGMENT AND GEOGRAPHICAL INFORMATION The Company reports its segments to reflect the manner in which the Company's chief operating decision maker ("CODM") reviews and assesses performance. The Company's CODM is the Block Head and Chairperson. The Company has two reportable segments, Square and Cash App. Products and services that are not assigned to a specific reportable segment, including but not limited to TIDAL and other emerging ecosystems, are aggregated and presented within a general corporate and other category. Square and Cash App are defined as follows: • 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 App Card which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. • Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The primary financial measures used by the CODM to evaluate performance and allocate resources are revenue and gross profit. The CODM uses segment gross profit for each segment during the annual budgeting and forecasting process. Further, the CODM uses gross profit as the metric to guide the business trajectory and to consider the overall gross profit growth by segment on a quarterly basis, when making decisions about the allocation of operating and capital resources to each segment. The CODM does not evaluate performance or allocate resources based on segment asset data, and therefore such information is not included. The following tables present information on the reportable segments revenue and segment gross profit, as well as amounts for the "Corporate and Other" category, which includes products and services not assigned to reportable segments and intersegment eliminations (in thousands): Year Ended December 31, 2024 Cash App Square Corporate and Other Total Revenue: Transaction-based revenue $ 352,699 $ 6,260,981 $ — $ 6,613,680 Subscription and services-based revenue 5,695,976 1,278,933 189,890 7,164,799 Hardware revenue — 141,742 1,627 143,369 Bitcoin revenue 10,199,205 — — 10,199,205 Segment revenue $ 16,247,880 $ 7,681,656 $ 191,517 $ 24,121,053 Less: Cost of revenue 11,008,869 4,082,744 140,404 15,232,017 Segment gross profit $ 5,239,011 $ 3,598,912 $ 51,113 $ 8,889,036 Interest revenue $ 185,185 $ 36,837 $ — $ 222,022 Amortization of acquired technology assets $ 55,343 $ 7,726 $ 5,295 $ 68,364 Year Ended December 31, 2023 Cash App Square Corporate and Other Total Revenue: Transaction-based revenue $ 498,176 $ 5,817,125 $ — $ 6,315,301 Subscription and services-based revenue 4,685,208 1,059,081 200,553 5,944,842 Hardware revenue — 157,178 — 157,178 Bitcoin revenue 9,498,302 — — 9,498,302 Segment revenue $ 14,681,686 $ 7,033,384 $ 200,553 $ 21,915,623 Less: Cost of revenue 10,358,223 3,904,730 147,784 14,410,737 Segment gross profit $ 4,323,463 $ 3,128,654 $ 52,769 $ 7,504,886 Interest revenue $ 142,222 $ 28,011 $ — $ 170,233 Amortization of acquired technology assets $ 56,135 $ 10,632 $ 6,062 $ 72,829 Year Ended December 31, 2022 Cash App Square Corporate and Other Total Revenue: Transaction-based revenue $ 466,171 $ 5,235,369 $ — $ 5,701,540 Subscription and services-based revenue 3,452,777 894,350 205,646 4,552,773 Hardware revenue — 164,418 — 164,418 Bitcoin revenue 7,112,856 — — 7,112,856 Segment revenue $ 11,031,804 $ 6,294,137 $ 205,646 $ 17,531,587 Less: Cost of revenue 7,786,760 3,587,236 165,699 11,539,695 Segment gross profit $ 3,245,044 $ 2,706,901 $ 39,947 $ 5,991,892 Interest revenue $ 29,026 $ 1,193 $ — $ 30,219 Amortization of acquired technology assets $ 53,900 $ 10,494 $ 5,800 $ 70,194 The following table provides a reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes (in thousands): Year Ended December 31, 2024 2023 2022 Total segment gross profit $ 8,889,036 $ 7,504,886 $ 5,991,892 Less: Product development 2,914,415 2,720,819 2,135,612 Less: Sales and marketing 1,984,265 2,019,009 2,057,951 Less: General and administrative 2,149,099 2,209,190 1,686,849 Less: Transaction, loan, and consumer receivable losses 794,221 660,663 550,683 Less: Bitcoin impairment losses — — 46,571 Less: Amortization of customer and other intangible assets 154,709 174,044 138,758 Less: Interest expense (income), net 9,302 (47,221) 36,228 Less: Remeasurement gain on bitcoin investment (420,918) (207,084) — Less: Other expense (income), net (53,211) 4,609 (95,443) Income (loss) before applicable income taxes $ 1,357,154 $ (29,143) $ (565,317) Revenue Revenue by geography is based on the addresses of the sellers or customers. The following table details revenue by geographic area (in thousands): Year Ended December 31, 2024 2023 2022 United States $ 22,351,832 $ 20,416,462 $ 16,314,769 International 1,769,221 1,499,161 1,216,818 Total $ 24,121,053 $ 21,915,623 $ 17,531,587 No individual country from the international markets contributed more than 10% of total revenue for the years ended December 31, 2024, 2023, and 2022. Long-Lived Assets The following table details long-lived assets by geographic area (in thousands): December 31, 2024 2023 United States $ 7,435,117 $ 7,570,973 Australia 4,159,229 4,761,535 International 1,790,529 1,889,490 Total $ 13,384,875 $ 14,221,998 Assets by reportable segment were not included, as this information is not reviewed by the CODM to make operating decisions or allocate resources, and is reviewed on a consolidated basis.

SUPPLEMENTAL CASH FLOW INFORMAT

SUPPLEMENTAL CASH FLOW INFORMATION	12 Months Ended
	Dec. 31, 2024
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): Year Ended December 31, 2024 2023 2022 Supplemental Cash Flow Data: Cash paid for interest $ 205,776 $ 130,009 $ 84,876 Cash paid for income taxes 270,314 81,376 39,045 Supplemental disclosures of non-cash investing and financing activities: Unsettled originations of consumer receivables 180,443 261,151 160,413 Right-of-use assets obtained in exchange for operating lease obligations 36,976 7,106 39,324 Purchases of property and equipment in accounts payable and accrued expenses 3,266 3,921 5,212 Deferred purchase consideration related to business combinations — 2,550 14,377 Fair value of common stock issued related to business combinations — (6,658) (13,827,929) Fair value of common stock issued to settle the conversion of convertible notes — — (2,523) Fair value of shares received to settle convertible note hedges — — 133,144 Fair value of common stock issued in connection with the exercise of common stock warrants — — (806,446) Bitcoin lent to third-party borrowers — — 5,934

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ 2,897,047	$ 9,772	$ (540,747)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We have a cybersecurity risk management program consisting of policies and procedures for assessing, identifying, and managing material risk from cybersecurity threats, and we have integrated these policies and procedures into our overall risk management systems and processes. Our cybersecurity policies and procedures are based on recognized frameworks established by the National Institute of Standards and Technology, the International Organization for Standardization and other applicable industry standards. We routinely assess material risks from cybersecurity threats and regularly assess and update our cybersecurity risk management program in response to emerging trends and changes in our operations. Our risk management program includes, among other elements: Identification: We aim to proactively identify sources of risk, areas of impact, and relevant events that could give rise to cybersecurity risks, such as changes to our infrastructure, service providers, or personnel. Assessment: We conduct periodic risk assessments to identify cybersecurity threats. We also conduct likelihood and impact assessments with the goal of identifying reasonably foreseeable internal and external risks, the likelihood and potential damage that could result from such risks, and the sufficiency of existing policies, procedures, systems, and safeguards in place to manage such risks. Management: Following our risk assessments, we design and implement reasonable safeguards to address any identified gaps in our existing processes and procedures. Our employees participate in cybersecurity training and awareness upon hire and at least annually thereafter. We engage third parties, including consultants and auditors, to evaluate the effectiveness of our risk management program, control environment, and cybersecurity practices through security audits, penetration testing, and other engagements. We have processes in place to identify, review and evaluate cybersecurity risks associated with our use of third-party service providers. These reviews are conducted at onboarding and periodically throughout the tenure of the service provider based on risk tier rating of each service provider. We believe these processes enable us to evaluate a third-party service provider’s security posture, identify risks that may arise out of our use of the third party’s service, and make decisions regarding acceptable levels of risk and risk mitigation.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We have a cybersecurity risk management program consisting of policies and procedures for assessing, identifying, and managing material risk from cybersecurity threats, and we have integrated these policies and procedures into our overall risk management systems and processes.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our board of directors recognizes the oversight of risk management as one of its primary responsibilities and central to maintaining an effective, risk-aware and accountable organization.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	While the board of directors maintains ultimate responsibility for the oversight of our data privacy and cybersecurity program and risks, it has delegated certain oversight responsibilities to our audit and risk committee. Our board of directors and audit and risk committee’s principal role is one of oversight, recognizing that management is responsible for the design, implementation, and maintenance of an effective program for protecting against and mitigating data privacy and cybersecurity risks. The audit and risk committee assists the board of directors in enhancing its understanding of data privacy and cybersecurity issues by overseeing our data privacy and information security programs, strategy, policies, processes, and material risks, as well as overseeing responses to security and data incidents, as appropriate.
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	The full board of directors receives an annual information security update by our Chief Information Security Officer (“CISO”) and an annual privacy update, which covers, among other matters, our privacy and cybersecurity programs and risks. Our audit and risk committee receives updates, at least quarterly, on significant data privacy and security risks, including any significant incidents, relevant industry developments, threat vectors and significant risks identified in periodic penetration tests or vulnerability scans. The updates also include significant legal and legislative developments concerning data privacy and security, our approach to complying with applicable law, and significant engagement with regulators concerning data privacy and cybersecurity. Our audit and risk committee provides regular updates to the board of directors on such reports.
Cybersecurity Risk Role of Management [Text Block]	Our board of directors and audit and risk committee’s principal role is one of oversight, recognizing that management is responsible for the design, implementation, and maintenance of an effective program for protecting against and mitigating data privacy and cybersecurity risks. The audit and risk committee assists the board of directors in enhancing its understanding of data privacy and cybersecurity issues by overseeing our data privacy and information security programs, strategy, policies, processes, and material risks, as well as overseeing responses to security and data incidents, as appropriate. The full board of directors receives an annual information security update by our Chief Information Security Officer (“CISO”) and an annual privacy update, which covers, among other matters, our privacy and cybersecurity programs and risks. Our audit and risk committee receives updates, at least quarterly, on significant data privacy and security risks, including any significant incidents, relevant industry developments, threat vectors and significant risks identified in periodic penetration tests or vulnerability scans. The updates also include significant legal and legislative developments concerning data privacy and security, our approach to complying with applicable law, and significant engagement with regulators concerning data privacy and cybersecurity. Our audit and risk committee provides regular updates to the board of directors on such reports.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our CISO oversees our cybersecurity policies and processes, including those described in “Risk Management and Strategy” above. Our data security governance, infrastructure security, product security, applied security engineering and security operations teams report directly to our CISO and provide regular updates on significant or potentially significant threats and incidents. Additionally, we have an incident response team and an incident response plan that outlines the roles and responsibilities of key personnel, including representatives from information security, compliance, and counsel, that are involved in responding to, remediating and escalating such incidents to the CISO, as appropriate. Our CISO reports directly to our Technology + Engineering Lead and indirectly to our audit and risk committee. Our CISO provides updates on significant or potentially significant threats and incidents to our Block Head and leadership team, in addition to the audit and risk committee and our board of directors as appropriate and in accordance with the processes detailed in the prior paragraph.
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CISO has over 20 years of experience in information security, including serving as head of cybersecurity and privacy response at a global public company and information security leadership positions with the United States government. Our CISO holds undergraduate and graduate degrees in computer information systems and computer science with an information security focus and possesses various certifications, including the Information Systems Security Professional (NSTISSI No. 4011) and Information Systems Security Officer (CNSSI No. 4014) certifications.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	The full board of directors receives an annual information security update by our Chief Information Security Officer (“CISO”) and an annual privacy update, which covers, among other matters, our privacy and cybersecurity programs and risks. Our audit and risk committee receives updates, at least quarterly, on significant data privacy and security risks, including any significant incidents, relevant industry developments, threat vectors and significant risks identified in periodic penetration tests or vulnerability scans. The updates also include significant legal and legislative developments concerning data privacy and security, our approach to complying with applicable law, and significant engagement with regulators concerning data privacy and cybersecurity. Our audit and risk committee provides regular updates to the board of directors on such reports. Our CISO oversees our cybersecurity policies and processes, including those described in “Risk Management and Strategy” above. Our data security governance, infrastructure security, product security, applied security engineering and security operations teams report directly to our CISO and provide regular updates on significant or potentially significant threats and incidents. Additionally, we have an incident response team and an incident response plan that outlines the roles and responsibilities of key personnel, including representatives from information security, compliance, and counsel, that are involved in responding to, remediating and escalating such incidents to the CISO, as appropriate. Our CISO reports directly to our Technology + Engineering Lead and indirectly to our audit and risk committee. Our CISO provides updates on significant or potentially significant threats and incidents to our Block Head and leadership team, in addition to the audit and risk committee and our board of directors as appropriate and in accordance with the processes detailed in the prior paragraph.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

DESCRIPTION OF BUSINESS AND S_2

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying 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"). The consolidated financial statements include the financial statements of Block and its wholly-owned and majority-owned subsidiaries. All intercompany transactions and balances have been eliminated in consolidation. Minority interests are recorded as a noncontrolling interest, which is reported as a component of stockholders' equity on the consolidated balance sheets.
Use of Estimates	Use of Estimates The preparation of the Company’s 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 consolidated financial statements include, but are not limited to, those related to accrued transaction losses, contingencies, including outcomes from claims and disputes, valuation of loans held for sale, valuation of goodwill and acquired intangible assets, determination of goodwill and intangible asset impairment charges, determination of allowance for loan loss reserves for loans held for investment, determination of allowance for credit losses for consumer receivables, allocation of acquired goodwill to reporting units, income and other taxes, operating and financing lease right-of-use assets and related liabilities, and share-based compensation. The Company's estimates of valuation of loans held for sale and investment, allowance for credit losses associated with consumer receivables and loans held for investment, and accrued transaction losses are based on historical experience, adjusted for market data relevant to the current economic environment. The Company will continue to update its estimates as developments occur and additional information is obtained. Refer to Note 5, Fair Value Measurements for further details on amortized cost and fair value of the loans; Note 6, Consumer Receivables, net for further details on consumer receivables; and Note 11, Other Consolidated Balance Sheet Components (Current) for further details on transaction losses.
Concentration of Credit Risk	Concentration of Credit Risk For the years ended December 31, 2024, 2023, and 2022, the Company had no customer that accounted for greater than 10% of total net revenue. As of December 31, 2024, the Compa ny had three third-party payment processors that represented approximately 42%, 17% and 13% of settlements receivable. As of December 31, 2023, the company had two third-party payment processors that represented approximately 46% and 35% of settlements receivable. In both years, all other third-party processors were insignificant. Certain of the Company's products are reliant on third-party service providers such as partner banks, card issuers, and payment service providers. The Company's relationships with third-party service providers may result in operational concentration risks for some of these products. 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, consumer receivables, loans held for sale, and loans held for investment. To mitigate the risk of concentration associated with cash and cash equivalents, as well as restricted cash, funds are held with creditworthy institutions and, at certain times, temporarily swept into insured programs overnight to reduce single firm concentration risk. Amounts on deposit may 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
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements reflect our accounts and operations and those of our subsidiaries in which we have a controlling financial interest. In accordance with the provisions of Accounting Standards Codification ("ASC") 810, Consolidation (“ASC 810”), there are two models for determining whether a subsidiary is to be consolidated. Under the voting interest model, we consolidate entities where we are deemed to have a controlling financial interest. We also consolidate any variable interest entity (“VIE”) where we are deemed to be the primary beneficiary. The primary beneficiary is the party that has the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance and the obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. As described in Note 14, Indebtedness , we have formed wholly owned Warehouse Special Purpose Entities ("SPEs"), which qualify as VIEs under ASC 810. We have determined that we are the primary beneficiary of all Warehouse SPEs, which we therefore consolidate. We evaluate our relationships with all the VIEs on an ongoing basis to determine if we continue to be the primary beneficiary. As of December 31, 2024 and 2023, the Company had $402.9 million and $406.6 million, respectively, in restricted cash related to VIE's. All intercompany transactions and balances have been eliminated upon consolidation.
Revenue Recognition and Cost of Revenue	Revenue Recognition Revenue is recognized when control of the promised goods or services is transferred to customers, in an amount that reflects the consideration the Company expects to be entitled to in exchange for those goods or services. Transaction-based Revenue The Company charges its sellers a transaction fee for managed payments solutions that is generally calculated as a percentage of the total transaction amount processed. The Company selectively offers custom pricing for certain large sellers. The Company collects the transaction amount from the seller's customer's bank, net of acquiring interchange and assessment fees, processing fees, and bank settlement fees paid to third-party payment processors and financial institutions. The Company retains its fees and remits the net amount to the sellers. The Company acts as the merchant of record for its sellers and works directly with payment card networks and banks so that its sellers do not need to manage the complex systems, rules, and requirements of the payments industry. The Company satisfies its performance obligations and therefore recognizes the transaction fees as revenue upon authorization of a transaction by the seller's customer's bank. Revenue is recognized net of refunds, which arise from reversals of transactions initiated by sellers. The transaction fees collected from sellers are recognized as revenue on a gross basis as the Company is the principal in the delivery of the managed payments solutions to the sellers. The Company has concluded it is the principal because as the merchant of record, it controls the services before delivery to the seller, it is primarily responsible for the delivery of the services to its sellers, and it has discretion in setting prices charged to sellers. The Company also has the unilateral ability to accept or reject a transaction based on criteria established by the Company. As the merchant of record, Square is liable for the costs of processing the transactions for its sellers, and records such costs within cost of revenue. The Company also charges certain Cash App customers making peer-to-peer transactions using business accounts, or funding transactions with a credit card, a transaction fee that is generally calculated as a percentage of the total transaction amount processed. The Company collects the transaction amount from the customer's Cash App account, net of incurring interchange and assessment fees, processing fees, and bank settlement fees paid to third-party payment processors and financial institutions. The Company retains its fees and remits the net amount to the customers. Subscription and Services-based Revenue Subscription and services-based revenue is primarily comprised of revenue the Company generates from Cash App Instant Deposit, Cash App Card, interest earned on customer funds, bitcoin withdrawal fees, Square Loans, Cash App Borrow, the Company's BNPL platform, TIDAL, and various other software as a service ("SaaS") products. Instant Deposit is a functionality within the Cash App and the Company's managed payments solution that enables customers, including individuals and sellers, to instantly deposit funds into their bank accounts for a percentage-based fee of the amounts deposited. The Cash App Card offers customers the ability to store funds in the Cash App and subsequently use these funds via a Visa prepaid card that is linked to the balance the customer stores in Cash App. The Company charges the customer a per transaction fee when they instantly deposit funds to their bank account or withdraw funds from an ATM. The Company also earns interchange fees when a Cash App Card is used to make a purchase. These transaction and interchange fees are treated as revenue when charged. While the Company is restricted from using the stored funds in the Company's operations, the Company may invest a portion of these funds in short-term marketable debt securities to generate interest income which is reported as revenue. Interest earned on customer funds related to Cash App Card was $185.2 million and $142.2 million for the years ended December 31, 2024 and December 31, 2023, respectively. Interest earned on customer funds was immaterial for the year ended December 31, 2022. Bitcoin withdrawal is a functionality within the Cash App that enables customers to withdraw bitcoin stored on Cash App to a third party wallet. The Company charges customers a fee for the option of faster withdrawal speeds. Square Loans facilitates loans to qualified Square sellers through the Company's subsidiary, Square Financial Services, Inc. ("Square Financial Services"), which is an industrial loan company. The loans are either repaid through withholding a percentage of the collections of the seller's receivables processed by the Company ("flex loans") or a specified monthly amount ("term loans"). The Company generally utilizes a pre-qualification process that includes an analysis of the aggregated data of the seller’s business which includes, but is not limited to, the seller’s historical processing volumes, transaction count, chargebacks, growth, and length of time as a Square customer. Generally, the loans have no stated coupon rate but the seller is charged a one-time origination fee based upon their risk rating, which is derived primarily from processing activity. For some of the loans, it is the Company’s intent to sell all of its rights, title, and interest of these loans to third-party investors for an upfront fee when the loans are sold. The Company records the amounts advanced to the customers or the net amounts paid to purchase the loans as cost of the loans. Subsequently, the Company records a gain on sale of the loans to the third-party investors as revenue upon transfer of title. The Company is retained by the third-party investors to service the loans and earns a servicing fee for facilitating the repayment of these receivables through its managed payments solutions. The Company records servicing revenue as servicing is delivered. For the loans which are not immediately sold to third-party investors or for which the Company has the intent and ability to hold through maturity, interest and fees earned are recognized as revenue using the effective interest method. Cash App Borrow, the first credit product for Cash App customers, allows customers to access short-term loans for a small fee. The loans are repaid at the end of the loan term and customers may elect to prepay all or a part of the outstanding balance. If the outstanding balance is not paid when due, late fees in the form of interest may be charged. The short-term loans are facilitated through a partnership with an industrial bank. The loans are originated by the bank partner, from whom the Company purchases the loans obtaining all rights, title, and interest. Net amounts paid to the bank are recorded as the cost of the loans purchased, and amounts collected in excess of the carrying value are recognized as revenue over the life of the loans. The loan fee and late fees are recorded within subscription and services-based revenue on the consolidated statement of operations. Through the BNPL platform, consumers can pay for their purchases over time by splitting their purchase price into generally three or four installments, typically due in two-week increments, without paying fees (if payments are made on time). The Company generally pays the seller the full order value upfront, less taxes, if applicable, and a merchant fee, which consists of fixed and variable rates as contracted with the sellers. The Company also incurs other costs such as fees paid to third-party partners and processing fees to complete the consumer purchase transaction. The Company generally assumes non-repayment risk from the consumers. The Company initially recognizes a consumer receivable equal to net amounts paid to the seller plus any costs incurred to originate the consumer receivable. The Company recognizes the merchant fee less costs incurred to originate the consumer receivables as revenue using the effective interest method. This revenue is included within subscription and services-based revenue on the consolidated statement of operations. The effective interest rate is determined based on estimated future cash receipts over the expected life of the consumer receivable, having consideration for the historical repayment pattern of the consumer receivables on a portfolio basis. For the majority of the Company's BNPL products, consumers are not charged interest or fees, other than late fees which may be charged in certain regions by the Company as an incentive to encourage consumers to pay their outstanding balances as and when they fall due. The Company also offers the ability for consumers to pay for larger transaction sizes over a six Through the BNPL platform, the Company also has an ads and affiliate program for its merchants. For affiliate relationships, the Company receives a commission when a consumer completes a purchase from within the BNPL platform, which is recognized as a fee earned in connection with the origination of a consumer receivable and recognized as revenue using the effective interest method. The Company may also receive digital advertising revenue on clicks, typically earned on a cost per click (“CPC”) basis, to merchant sites from the BNPL platform, in addition to flat fees for premium ad placements. Revenue from CPC arrangements are generally recognized in the period the user click is delivered. This revenue is included within subscription and services-based revenue on the consolidated statement of operations. TIDAL primarily generates revenue from subscriptions to its customers, and such subscriptions allow access to the song library, video library, and improved sound quality. Customers can subscribe to services directly from the TIDAL website or through the Apple store. With both offerings, the Company charges customers a monthly fee for those subscription services, which is recognized ratably as revenue as the service is provided. SaaS represents software products and solutions that provide customers with access to various technologies for a fee which is recognized as revenue ratably as the service is provided. The Company's contracts with customers are generally for a term of one month and renew automatically each month. The Company invoices its customers monthly. The Company considers that it satisfies its performance obligations over time each month as it provides the SaaS services to customers and hence recognizes revenue ratably over the month. Hardware Revenue Hardware revenue includes revenue from sales of magstripe readers, contactless and chip readers, Square Stand, Square Register, Square Terminal, and third-party peripherals. Third-party peripherals include cash drawers, receipt printers, scales, and barcode scanners, all of which can be integrated with Square Stand, Square Register, or Square Terminal to provide a comprehensive point-of-sale solution. The Company generates revenue through the sale of hardware through e-commerce and through its retail distribution channels. The Company satisfies its performance obligation upon delivery of hardware to its customers which include end user customers, distributors, and retailers. The Company allows for customer returns which are accounted for as variable consideration. The Company estimates these amounts based on historical experience and reduces revenue recognized. The Company invoices end user customers upon delivery of the products to customers, and payments from such customers are due upon invoicing. Distributors and retailers have payment terms that range from 30 to 90 days after delivery. Bitcoin Revenue The Company offers its Cash App customers the ability to purchase bitcoin, a cryptocurrency denominated asset, from the Company. The Company satisfies its performance obligation and records revenue when bitcoin is transferred to the customer's account. The Company purchases bitcoin from private broker dealers or from Cash App customers and applies a marginal fee before selling it to its customers. The amounts received from customers and exchanges are recorded as revenue on a gross basis and the associated bitcoin cost as cost of revenues, as the Company is the principal in the bitcoin sale transaction. The Company has concluded it is the principal because it controls the bitcoin before delivery to the customers, it is primarily responsible for the delivery of the bitcoin to the customers, it is exposed to risks arising from fluctuations of the market price of bitcoin before delivery to customers, and has discretion in setting prices charged to customers. Cost of Revenue Transaction-based Costs Transaction-based costs consist primarily of interchange and assessment fees, processing fees and bank settlement fees paid to third-party payment processors and financial institutions. Subscription and Services-based Costs Subscriptions and services-based costs consist primarily of processing and partnership fees related to Cash App including Instant Deposit, Cash App Card, as well as costs associated with the Company's BNPL platform, and TIDAL. Hardware Costs Hardware costs consist of all product costs associated with magstripe readers, contactless and chip readers, Square Stand, Square Register, Square Terminal, and third-party peripherals. Product costs include third-party manufacturing-related overhead and personnel-related costs, certain royalties, packaging, and fulfillment costs. Bitcoin Costs Bitcoin costs consist of the total amount the Company pays to purchase bitcoin that is sold to customers. These costs fluctuate in line with bitcoin revenue. Amortization of Acquired Technology Assets Amortization of acquired technology assets is primarily comprised of amortization related to the acquired technology assets from the acquisition of Afterpay.
Other Costs	Other Costs Generally, other costs such as personnel-related costs, rent, and occupancy charges are not allocated to cost of revenues and are reflected in operating expenses and are not material.
Severance and Other Restructuring Expenses	Severance and Other Restructuring Expenses
Sales and Marketing Expenses	Sales and Marketing Expenses Advertising costs are expensed as incurred and included in sales and marketing expenses on the consolidated statements of operations. Total advertising costs for the years ended December 31, 2024, 2023, and 2022 were $338.1 million, $360.1 million, a nd $544.2 million, respectively. The Company also records
Share-based Compensation	Share-based Compensation
Interest Income and Interest Expense	Interest Income and Expense Interest income consists of interest income from the Company's investment in marketable debt securities and was $156.2 million and $126.6 million for the year ended December 31, 2024 and 2023, respectively. Interest income was immaterial for the year ended December 31, 2022. Interest expense consists primarily of the Company's long-term debt and was $165.5 million for the year ended December 31, 2024. Interest expense was immaterial for the years ended December 31, 2023 and December 31, 2022.
Foreign Currency	Foreign Currency The functional currency for most subsidiaries outside of the United States is the local currency. For purposes of the Company's consolidated financial statements, the assets and liabilities of these subsidiaries, including goodwill and acquired intangible assets, are translated into U.S. dollars using the exchange rates at the balance sheet dates. Gains and losses resulting from these translations are reported as a component of accumulated other comprehensive income (loss) on the consolidated statements of comprehensive income (loss). Revenue, expenses, and gains or losses are translated into U.S. dollars using average exchange rates for each period. Gains and losses from the remeasurement of foreign currency transactions into the functional currency are recognized as a component of other income, net on the consolidated statements of operations.
Income and Other Taxes	Income and Other Taxes The Company reports income taxes under the asset and liability approach. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases, as well as net operating loss and tax credit carryforwards. Deferred tax amounts are determined by using the enacted tax rates expected to be in effect when the temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance reduces the deferred tax assets to the amount that is more likely than not to be realized. The Company considers historical information, tax planning strategies, the expected timing of the reversal of existing temporary differences, and may rely on financial projections to support its position on the recoverability of deferred tax assets. The Company’s judgment regarding future profitability contains significant assumptions and estimates of future operations. If such assumptions were to differ significantly from actual future results of operations, it may have a material impact on the Company’s ability to realize its deferred tax assets. At the end of each period, the Company assesses the ability to realize the deferred tax assets. If it is more likely than not that the Company will not realize the deferred tax assets, then the Company establishes a valuation allowance for all or a portion of the deferred tax assets. The Company recognizes the effect of uncertain income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that has a greater than 50% likelihood of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest and penalties related to uncertain tax positions in the provision (benefit) for income tax expense on the consolidated statements of operations.
Cash and Cash Equivalents, Restricted Cash and Customer Funds	Cash and Cash Equivalents, Restricted Cash, and Customer Funds Cash and Cash Equivalents The Company considers all highly liquid investments, including money market funds, with an original maturity of three months or less when purchased to be cash equivalents. Restricted Cash The Company records restricted cash amounts as a current asset on the consolidated balance sheets if the restriction expires in less than 12 months, or as a non-current asset if the restriction is greater than 12 months. If there is no minimum time frame during which the cash must remain restricted, the nature of the transactions related to the restriction determine the classification. The Company's short-term restricted cash was $902.5 million and $770.4 million as of December 31, 2024 and 2023, respectively. The majority of the balance as of December 31, 2024 was comprised of the wholly-owned consolidated entities used in the warehouse funding facility arrangements. This restricted cash will be used to pay the borrowings under the warehouse funding facilities or will be distributed to the Company. The Company's total restricted cash also includes pledged cash deposits in accounts at the financial institutions that process the Company's sellers' payment transactions and collateral pursuant to various agreements with banks relating to the Company's products. The Company uses restricted cash to secure letters of credit with the related financial institutions to provide collateral for cash flow timing differences in the processing of payments. The Company's long-term restricted cash of $69.9 million and $71.8 million as of December 31, 2024 and December 31, 2023, respectively, is primarily related to cash held as collateral as required by the FDIC for Square Financial Services. The Company has recorded these amounts as non-current assets on the consolidated balance sheets as the requirement by the FDIC specifies a time frame of 12 months or longer during which the cash must remain restricted. Customer Funds Customer funds represent customers' stored balances that customers would later use to send money or make payments, or customers cash in transit. As discussed under section titled Subscription and Services-based Revenue
Investments in Marketable Debt Securities	Investments in Marketable Debt Securities The Company's short-term and long-term investments include marketable debt securities such as government and agency securities, corporate bonds, commercial paper, and municipal securities. The Company determines the appropriate classification of its investments in marketable debt securities at the time of purchase and reevaluates such designation at each balance sheet date. The Company has classified and accounted for its marketable debt securities as available-for-sale and carries these investments at fair value, reporting the unrealized gains and losses, net of taxes, as a component of stockholders’ equity. 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 (income), net on the consolidated statements of operations. Investments in Equity Securities The Company holds marketable and non-marketable equity investments. Marketable equity investments are measured using quoted prices in active markets with changes recorded in other expense (income), net on the consolidated statements of operations. Non-marketable equity investments, which have no readily determinable fair values, are measured using the measurement alternative, which is defined as cost, less impairment, adjusted for observable price changes from orderly transactions for identical or similar investments of the same issuer. Adjustments are recorded in other income, net on the consolidated statements of operations. Non-marketable equity investments are valued using significant unobservable inputs or data in an inactive market and the valuation requires judgment due to the absence of market prices and inherent lack of liquidity. The carrying value for these investments is not adjusted if there are no observable transactions for identical or similar investments of the same issuer or if there are no identified events or changes in circumstances that may indicate impairment. The Company will adjust for changes resulting from observable price changes in orderly transactions for an identical or similar investment in the same issue. Valuations of non-marketable equity investments are inherently complex due to the lack of readily available market data. In addition, the determination of whether an orderly transaction is for an identical or similar investment requires significant management judgment, including understanding the differences in the rights and obligations of the investments and the extent to which those differences would affect the fair values of those investments. The Company assesses the impairment of its non-marketable equity investments on a quarterly basis. The impairment analysis encompasses an assessment of the severity and duration of the impairment and a qualitative and quantitative analysis of other key factors including the investee’s financial metrics, market acceptance of the investee’s product or technology, other competitive products or technology in the market, general market conditions, and the rate at which the investee is using its cash. If the investment is considered to be impaired, the Company will record an impairment in other income, net on the consolidated statements of operations and establish a new carrying value for the investment.
Fair Value Measurements	Fair Value Measurements The Company applies fair value accounting for assets and liabilities that are recognized or disclosed at fair value in the financial statements on a recurring basis. Fair value accounting establishes a three-level hierarchy priority for disclosure of assets and liabilities recorded at fair value. The ordering of priority reflects the degree to which objective prices in external active markets are available to measure fair value. The classification of assets and liabilities within the hierarchy is based on whether the inputs to the valuation methodology used for measurement are observable or unobservable. The Company utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible. The Company determines fair value based on assumptions that market participants would use in pricing an asset or liability in the principal or most advantageous market. When considering market participant assumptions in fair value measurements, the following fair value hierarchy distinguishes between observable and unobservable inputs, which are categorized in one of the following levels: • Level 1 Inputs: Unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date. • Level 2 Inputs: Other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. • Level 3 Inputs: Unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date.
Customer Loans	Customer Loans Loan products consist primarily of flex loans, term loans and Cash App Borrow which are described in detail under the section titled Subscription and Services-based Revenue above. one two
Loans Held for Sale	Loans Held for Sale
Loans Held for Investment/Consumer Receivables	Loans Held for Investment Loans held for investment are recorded at amortized cost, less an allowance for potential uncollectible amounts. Amortized cost basis represents principal amounts outstanding, net of unearned income, unamortized deferred fees and costs on originated loans, premiums or discounts on purchased loans and charge-offs. The Company’s intent and ability to designate loans as held for investment in the future may change based on changes in business strategies, the economic environment, and market conditions. Consumer Receivables
Allowance for loans losses/Allowance for Credit Losses Related to Consumer Receivables	Allowance for loans losses The Company calculates an allowance for losses on the loans held for investment portfolio in accordance with Accounting Standards Update ("ASU") No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). The Company assesses impairment of its financial instruments based on current estimates of expected credit losses over the contractual term of its loans held for investment portfolio as of each balance sheet date. The Company determines the allowance for loan losses using both quantitative and qualitative methods and considers all available information relevant to assessing collectability. This includes, but is not limited to, historical loss and recovery experience, recent and historical trends in delinquencies, past-due loans and charge-offs, borrower behavior and repayment speed, underwriting and collection management changes, changes in the legal and regulatory environment, changes in risk and underwriting standards, current and historical macroeconomic conditions such as changes in unemployment and GDP, and various other factors that may affect the sellers’ ability to make future payments. Allowance for Credit Losses Related to Consumer Receivables The Company calculates an allowance for credit losses on the consumer receivables portfolio in accordance with ASU 2016-13. The guidance requires an entity to assess impairment of its financial instruments based on the entity's current estimates of expected credit losses over the contractual term of its loans held for investment portfolio as of each balance sheet date. Allowance for credit losses related to consumer receivables represents management’s estimate of the expected credit losses in the outstanding portfolio of consumer receivables, as of the balance sheet date. The Company determines the allowance for credit losses using both quantitative and qualitative methods that analyze portfolio performance, uses judgment regarding the quantitative components of the reserve, and considers all available information relevant to assessing collectibility. This includes, but is not limited to, historical loss and recovery experience, recent and historical trends in delinquencies, past-due receivables and charge-offs, consumer behavior and repayment speed, underwriting and collection management changes, changes in the legal and regulatory environment, changes in risk and underwriting standards, current and historical macroeconomic conditions such as changes in unemployment and GDP, and various other factors that may affect the consumers’ ability to make future payments. When available information confirms that specific consumer receivables or portions thereof are uncollectible, identified amounts are charged off against the allowance for credit losses. Consumer receivables are charged off when management considers amounts to be uncollectible, which is generally determined by the number of days past due and is typically no later than 180 days past due.
Settlements Receivable	Settlements Receivable Settlements receivable represents amounts due from third-party payment processors for customer transactions. Settlements receivable are typically received or paid within one two
Inventory	Inventory
Company Owned Bitcoin	Bitcoin Company Owned Bitcoin The Company holds bitcoin for long term investment purposes ("bitcoin investment") and also holds bitcoin for the facilitation of customer sales and purchases of bitcoin on Cash App ("bitcoin for operating purposes"). The Company accounts for its bitcoin as an indefinite-lived intangible asset in accordance with ASC 350, Intangibles—Goodwill and Other and has ownership of and control over its bitcoin. The Company early adopted ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets ("ASU 2023-08") in the fourth quarter of 2023 using a modified retrospective approach. ASU 2023-08 provides guidance on accounting and disclosure of crypto assets and requires an entity to (i) subsequently remeasure crypto assets at fair value at each measurement date with changes recognized in net income, (ii) present the changes in fair value separately from changes in the carrying amount of other intangible assets in the income statement, and (iii) present crypto assets measured at fair value separately from other intangible assets on the balance sheet. Prior to the adoption of ASU 2023-08, the Company's bitcoin investment was subject to impairment losses if the fair value decreased below the carrying value during the assessed period. Impairment losses on the Company's bitcoin investment could not be recovered for any subsequent increases in fair value until the asset was sold. Upon adoption of ASU 2023-08, the Company recognized a cumulative-effect adjustment increasing bitcoin value and retained earnings by $30.5 million as of the beginning of fiscal year 2023. The Company’s bitcoin investment is initially recorded at cost, inclusive of transaction costs, and the Company uses the ‘first-in, first-out’ method to determine the cost basis. Subsequently, the Company remeasures its bitcoin investment at fair value at the end of each reporting period with changes recognized in net income through the Company’s consolidated statements of operations. For the year ended December 31, 2024, the Company has purchased an approximate cumulative $31.5 million in bitcoin for investment purposes. For the years ended December 31, 2024 and 2023, the Company recognized gains of $420.9 million and $207.1 million from the remeasurement of the Company's bitcoin investment. The Company’s bitcoin for operating purposes is initially recorded at cost, inclusive of transaction costs, and the Company uses ‘first-in, first-out’ as its method of determining the cost basis. Subsequent to purchase, any sales related to bitcoin occur at its current market price, plus a small margin. As such, any change in fair value of bitcoin purchased and sold for customer orders is captured within bitcoin revenue. Given the small amount of bitcoin for operating purposes held at any time, and that the bitcoin is held for a relatively short period of time, typically being purchased and sold within a day, the changes in fair value are not material to the Company. Bitcoin trades in an active market which is not centrally managed or provided by one particular exchange. We determine the fair value of bitcoin at each period end in accordance with ASC 820, Fair Value Measurement, based on observed prices from active exchanges that the Company has determined are its principal market for bitcoin.
Bitcoin Held for Other Parties	Bitcoin Held for Other Parties The Company adopted the SEC's Staff Accounting Bulletin No. 121 ("SAB 121"), in June 2022. SAB 121 expressed the views of the SEC staff regarding the accounting for obligations to safeguard crypto-assets an entity holds for users of its crypto platform and requires entities that hold crypto-assets on behalf of platform users to recognize a liability to reflect the entity’s obligation to safeguard the crypto-assets held for its platform users. In January 2025, the SEC staff released Staff Accounting Bulletin No. 122 (“SAB 122”), which rescinded SAB 121. The Company early adopted SAB 122 as of December 31, 2024, resulting in the Company derecognizing the previously recognized safeguarding obligation liability related to bitcoin held for other parties and the corresponding safeguarding asset related to bitcoin held for other parties. Refer to the Recent Accounting Pronouncements
Property and Equipment	Property and Equipment Property and equipment are recorded at historical cost less accumulated depreciation, which is computed on a straight-line basis over the asset’s estimated useful life. The estimated useful lives of property and equipment are described below: Property and Equipment Useful Life Capitalized software 18 months Computer equipment, data center equipment, and computer software Three years Furniture and fixtures Seven years Leasehold improvements Lesser of ten years or remaining lease term
Capitalized Software	Capitalized Software The Company capitalizes certain costs incurred in developing internal-use software when capitalization requirements have been met. Costs prior to meeting the capitalization requirements are expensed as incurred. Capitalized costs are included in property and equipment, net, and amortized on a straight-lined basis over the estimated useful life of the software and included in product development costs on the consolidated statements of operations.
Leases	Leases The Company leases office space and equipment under non-cancellable finance and operating leases with various expiration dates. The Company determines whether an arrangement is a lease for accounting purposes at contract inception. Operating lease right-of-use (“ROU”) assets and operating lease liabilities are recognized at the present value of the future lease payments, generally for the base noncancellable lease term, at the lease commencement date for 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 ROU assets also include any prepaid lease payments and lease incentives. The Company's lease agreements generally contain lease and non-lease components. The Company applies the practical expedient to account for the lease and non-lease components as a single lease component for all leases, where applicable. Non-lease components primarily include payments for maintenance and utilities. The Company includes the fixed non-lease components in the determination of the ROU assets and operating lease liabilities. Variable lease payments that are not based on a rate or index are not included in the calculation of the ROU asset and lease liability, and they are recognized as lease expense in the period in which the obligation for those payments is incurred. Variable lease payments predominantly relate to variable operating expenses, taxes, parking, and electricity. The Company records the amortization of the ROU asset and the accretion of lease liability as a component of rent expense in the consolidated statements of operations. The Company evaluates ROU assets related to leases for indicators of impairment whenever events or changes in circumstances indicate that the carrying amount of a ROU asset may not be recoverable. When a decision has been made to exit a lease prior to the contractual term or to sublease that space, the Company evaluates the asset for impairment and recognizes the associated impact to the ROU asset and related expense, if applicable. The evaluation is performed at the asset group level initially and when appropriate, at the lowest level of identifiable cash flows, which is at the individual lease level. Undiscounted cash flows expected to be generated by the related ROU assets are estimated over the ROU assets’ useful lives. If the evaluation indicates that the carrying amount of the ROU assets may not be recoverable, any potential impairment is measured based upon the fair value of the related ROU asset or asset group as determined by appropriate valuation techniques. For the periods presented, the Company recorded no material impairment charges. When lease agreements provide allowances for leasehold improvements, the Company assesses whether it is the owner of the leasehold improvements for accounting purposes. When the Company concludes that it is the owner, it capitalizes the leasehold improvement assets and recognizes the related depreciation expense on a straight-line basis over the lesser of the lease term or the estimated useful life of the asset. Additionally, the Company recognizes the amounts of allowances to be received from the lessor as a reduction of the lease liability and the associated ROU asset. When the Company concludes that it is not the owner, the payments that the Company makes towards the leasehold improvements are accounted as a component of the lease payments.
Business Combinations	Business Combinations The purchase price of an acquisition is allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values at the acquisition dates. The excess of total consideration over the fair values of the assets acquired and the liabilities assumed is recorded as goodwill. During the measurement period, which may be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments would be recorded on the consolidated statements of operations.
Long-lived Assets, including Goodwill and Acquired Intangible Assets	Goodwill and Long-Lived Assets, including Acquired Intangible Assets The Company evaluates the recoverability of property and equipment and finite-lived intangible assets for impairment whenever events or circumstances indicate that the carrying amounts of such assets may not be recoverable. Recoverability is measured by comparing the carrying amount of an asset or an asset group to estimated undiscounted future net cash flows expected to be generated. If the carrying amount of the long–lived asset or asset group is not recoverable on an undiscounted cash flow basis, an impairment is recognized to the extent that the carrying amount exceeds its fair value. Fair value is determined through various valuation techniques including discounted cash flow models, quoted market values, and third–party independent appraisals, as considered necessary. For the periods presented, the Company recorded no material impairment charges related to intangible assets. The Company performs a goodwill impairment test annually on December 31 and more frequently if events and circumstances indicate that the asset might be impaired. An impairment loss is recognized to the extent that the carrying amount exceeds the reporting unit’s fair value. The Company first assesses qualitative factors to determine whether events or circumstances indicate that it is more likely than not that the fair value of a reporting unit is less than its carrying amount and determine whether further action is needed. If, after assessing the totality of events or circumstances, the Company determines it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then performing the two-step impairment test is unnecessary. Acquired intangible assets consist of acquired technology and customer relationships associated with various acquisitions. Acquired technology is amortized over its estimated useful life on a straight-line basis and included as a component of cost of revenue on the consolidated statements of operations. Acquired customer relationships and other intangible assets are amortized on a straight-line basis over their estimated useful lives, and included as a component of operating expenses on the consolidated statements of operations. The Company evaluates the remaining estimated useful life of its intangible assets being amortized on an ongoing basis to determine whether events and circumstances warrant a revision to the remaining period of amortization.
Customers Payable	Customers Payable one
Accrued Transaction Losses	Accrued Transaction Losses
Shares Repurchases	Share Repurchases Share repurchases under the Company's share repurchase authorization may be made from time to time through open market purchases or through privately negotiated transactions subject to market conditions, applicable legal requirements and other relevant factors. The Company's policy is to deduct the par value from common stock and to reflect any excess of cost over par value as a deduction from additional paid-in capital.
Segments	Segments The Company reports its segments to reflect the manner in which the Company's chief operating decision maker ("CODM") reviews and assesses performance. The Company's CODM is the Block Head and Chairperson. The Company has two reportable segments, Square and Cash App. Products and services that are not assigned to a specific reportable segment, including TIDAL and other emerging ecosystems, are aggregated and presented within a general corporate and other category. Square and Cash App are defined as follows: • 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 App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM. Cash App also includes the BNPL platform. • Square includes managed payment services, software solutions, hardware, and financial services offered to sellers, excluding those that involve Cash App. The primary financial measures used by the CODM to evaluate performance and allocate resources are revenue and gross profit. The CODM uses segment gross profit for each segment during the annual budgeting and forecasting process. Further, the CODM uses gross profit as the metric to guide the business trajectory and to consider the overall gross profit growth by segment on a quarterly basis, when making decisions about the allocation of operating and capital resources to each segment. The CODM does not evaluate performance or allocate resources based on segment asset data, and therefore such information is not included.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2022, the Company adopted Staff Accounting Bulletin No. 121 (“SAB 121”), which required accounting for obligations to safeguard crypto-assets an entity holds for users of its crypto platform. The guidance required entities that hold crypto-assets on behalf of platform users to recognize a liability, and corresponding asset, to reflect the entity’s obligation to safeguard the crypto-assets held for its platform users and measure at the fair value at each reporting date. Subsequently, in January 2025, the SEC staff released Staff Accounting Bulletin No. 122 (“SAB 122”), which rescinded SAB 121. SAB 122 allows entities to apply existing accounting principles to determine the appropriate accounting treatment for obligations related to the safeguarding of crypto-assets, considering the risks and uncertainties associated with those obligations. Existing requirements to provide disclosures that allow investors to understand an entity’s obligation to safeguard crypto-assets held for others continue to apply. The Company early adopted SAB 122 as of December 31, 2024 and applied the guidance retrospectively, resulting in the reversal of $1.0 billion of the Company's safeguarding liability and corresponding asset as of December 31, 2023. The adoption had no impact on previously reported consolidated statements of operations, statements of comprehensive income (loss), statements of stockholders' equity, or statements of cash flows. In November 2023, the FASB issued ASU No. 2023-07, Improvements to Reportable Segment Disclosures (“ASU 2023-07”). The amendments expand segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the CODM, the amount and description of other segment items, permits companies to disclose more than one measure of segment profit or loss, and requires all annual segment disclosures to be included in the interim periods. The amendments do not change how an entity identifies its operating segments, aggregates those operating segments, or applies quantitative thresholds to determine its reportable segments. The Company adopted this guidance effective for the annual reporting period beginning January 1, 2024, and has applied the guidance retrospectively. The adoption of this guidance did not have a material impact on the Company's financial statements and related disclosures. Refer to Note 20, Segment and Geographical Information for further details . Recently Issued Accounting Pronouncements Not Yet Adopted In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (“ASU 2023-09”). The amendments expand income tax disclosure requirements by requiring an entity to disclose (i) specific categories in the rate reconciliation, (ii) additional information for reconciling items that meet a quantitative threshold, and (iii) the amount of taxes paid disaggregated by jurisdiction. The amendments are effective for fiscal years beginning after December 15, 2024. Early adoption is permitted. The adoption of ASU 2023-09 will impact the Company’s disclosures only and the Company is evaluating the effect of adopting the new disclosure requirements. In March 2024, the SEC adopted rules that require registrants to provide climate-related information in their registration statements and annual reports, such as disclosure of material climate-related risks, Board of Directors’ oversight and risk management activities, material greenhouse gas emissions, and material climate-related targets and goals. The rules will also require registrants to quantify certain effects of severe weather events and other natural conditions in their audited financial statements. On April 4, 2024, the SEC voluntarily stayed the implementation of the rules pending the judicial review of challenges to the rules in the Eighth Circuit Court of Appeals. As proposed, the new rules would have been effective for fiscal years beginning in 2025, except for the greenhouse gas emissions disclosures, which would have been effective for fiscal years beginning in 2026. The Company is currently monitoring the development of whether and if these rules will become effective. In November 2024, the FASB issued ASU No. 2024-03, Disaggregation of Income Statement Expenses ("ASU 2024-03"), and in January 2025, the FASB issued ASU No. 2025-01, Clarifying the Effective Date ("ASU 2025-01"). The amendments are intended to enhance disclosures regarding an entity’s costs and expenses by requiring additional disaggregated information disclosures about certain income statement expense line items. The amendments, as clarified by ASU 2025-01, are effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. The Company is evaluating the effect of adopting the new disclosure requirements.

DESCRIPTION OF BUSINESS AND S_3

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Estimated Useful Lives of Property and Equipment	The estimated useful lives of property and equipment are described below: Property and Equipment Useful Life Capitalized software 18 months Computer equipment, data center equipment, and computer software Three years Furniture and fixtures Seven years Leasehold improvements Lesser of ten years or remaining lease term The following table details property and equipment, less accumulated depreciation and amortization (in thousands): December 31, December 31, Capitalized software $ 362,418 $ 243,214 Computer equipment 254,742 224,127 Leasehold improvements 126,221 123,218 Office furniture and equipment 27,706 28,798 Total 771,087 619,357 Less: Accumulated depreciation and amortization (456,655) (323,301) Property and equipment, net $ 314,432 $ 296,056

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table presents the Company's net revenue disaggregated by revenue source (in thousands): Year Ended December 31, 2024 2023 2022 Revenue from contracts with customers: Transaction-based revenue $ 6,613,680 $ 6,315,301 $ 5,701,540 Subscription and services-based revenue 4,865,389 4,319,825 3,385,784 Hardware revenue 143,369 157,178 164,418 Bitcoin revenue 10,199,205 9,498,302 7,112,856 Revenue from other sources: Subscription and services-based revenue (i) 2,299,410 1,625,017 1,166,989 Total net revenue $ 24,121,053 $ 21,915,623 $ 17,531,587 (i) Subscription and services-based revenue from other sources relates to revenue generated from the Company's Square Loans, revenue generated from consumer receivables originated through our BNPL platform, interest income earned on customer funds, and interest income earned on funds held by Square Financial Services.

INVESTMENTS IN DEBT SECURITIES

INVESTMENTS IN DEBT SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Short-term and Long-term Investments	The Company's short-term and long-term investments as of December 31, 2024 were as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 34,454 $ 15 $ (1) $ 34,468 Corporate bonds 160,238 248 (96) 160,390 Commercial paper 333 — — 333 Municipal securities 398 1 — 399 Certificates of deposit 1,051 — — 1,051 U.S. government securities 206,340 449 (4) 206,785 Total $ 402,814 $ 713 $ (101) $ 403,426 Long-term debt securities: U.S. agency securities $ 49,017 $ 23 $ (10) $ 49,030 Corporate bonds 195,035 693 (384) 195,344 Municipal securities 4,592 4 (251) 4,345 U.S. government securities 222,164 1,218 (124) 223,258 Total $ 470,808 $ 1,938 $ (769) $ 471,977 The Company's short-term and long-term investments as of December 31, 2023 are as follows (in thousands): Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Short-term debt securities: U.S. agency securities $ 68,778 $ — $ (1,263) $ 67,515 Corporate bonds 216,864 96 (1,733) 215,227 Commercial paper 15,159 — — 15,159 Municipal securities 9,396 — (231) 9,165 Certificates of deposit 3,856 — — 3,856 U.S. government securities 544,145 210 (4,357) 539,998 Foreign government securities 1,000 — (19) 981 Total $ 859,198 $ 306 $ (7,603) $ 851,901 Long-term debt securities: Corporate bonds $ 94,564 $ 809 $ (45) $ 95,328 Municipal securities 2,495 55 (138) 2,412 U.S. government securities 152,549 875 (37) 153,387 Total $ 249,608 $ 1,739 $ (220) $ 251,127
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 December 31, 2024 and 2023, aggregated by investment category and the length of time that individual securities have been in a continuous loss position were as follows (in thousands): December 31, 2024 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 $ 18,954 $ (1) $ — $ — $ 18,954 $ (1) Corporate bonds 50,905 (93) 1,995 (3) 52,900 (96) U.S. government securities — — 3,994 (4) 3,994 (4) Total $ 69,859 $ (94) $ 5,989 $ (7) $ 75,848 $ (101) Long-term debt securities: U.S. agency securities $ 9,990 $ (10) $ — $ — $ 9,990 $ (10) Corporate bonds 80,550 (384) — — 80,550 (384) Municipal securities 2,848 (128) 363 (123) 3,211 (251) U.S. government securities 58,681 (124) — — 58,681 (124) Total $ 152,069 $ (646) $ 363 $ (123) $ 152,432 $ (769) December 31, 2023 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 $ 9,770 $ (10) $ 57,745 $ (1,253) $ 67,515 $ (1,263) Corporate bonds 61,054 (60) 110,706 (1,673) 171,760 (1,733) Municipal securities — — 9,165 (231) 9,165 (231) U.S. government securities 80,724 (113) 207,183 (4,243) 287,907 (4,356) Foreign government securities — — 981 (19) 981 (19) Total $ 151,548 $ (183) $ 385,780 $ (7,419) $ 537,328 $ (7,602) Long-term debt securities: Corporate bonds $ 11,819 $ (31) $ 2,274 $ (14) $ 14,093 $ (45) Municipal securities 976 (24) 383 (112) 1,359 (136) U.S. government securities 28,474 (37) — — 28,474 (37) Total $ 41,269 $ (92) $ 2,657 $ (126) $ 43,926 $ (218)
Contractual Maturities of Short-Term and Long-Term Investments	The contractual maturities of the Company's short-term and long-term investments as of December 31, 2024 were as follows (in thousands): Amortized Cost Fair Value Due in one year or less $ 402,814 $ 403,426 Due in one to five years 470,808 471,977 Total $ 873,622 $ 875,403

CUSTOMER FUNDS (Tables)

CUSTOMER FUNDS (Tables)	12 Months Ended
	Dec. 31, 2024
Investments, Debt and Equity Securities [Abstract]
Assets Underlying Customer Funds	The following table presents the assets underlying customer funds (in thousands): December 31, December 31, Cash $ 3,195,253 $ 2,137,634 Cash equivalents: Money market funds 4,645 4,042 Reverse repurchase agreement (i) 982,974 1,028,754 Total customer funds $ 4,182,872 $ 3,170,430 (i) The Company has accounted for the reverse repurchase agreement with various third parties 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 their short term nature.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The Company’s assets and liabilities that are measured at fair value on a recurring basis were classified as follows (in thousands): December 31, 2024 December 31, 2023 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Cash equivalents: Money market funds $ 857,196 $ — $ — $ 960,705 $ — $ — U.S. government securities 26,951 — — 29,788 — — Commercial paper — 509 — — 4,993 — Corporate bonds — — — — 699 — Restricted Cash: Money market funds 319,800 — — 291,374 — — Customer funds: Money market funds 4,645 — — 4,042 — — Reverse repurchase agreement 982,974 — — 1,028,754 — — Short-term debt securities: U.S. government securities 206,785 — — 539,998 — — Corporate bonds — 160,390 — — 215,227 — U.S. agency securities — 34,468 — — 67,515 — Commercial paper — 333 — — 15,159 — Municipal securities — 399 — — 9,165 — Certificates of deposit — 1,051 — — 3,856 — Foreign government securities — — — — 981 — Long-term debt securities: U.S. government securities 223,258 — — 153,387 — — Corporate bonds — 195,344 — — 95,328 — U.S. agency securities — 49,030 — — — — Municipal securities — 4,345 — — 2,412 — Other: Bitcoin investment (i) 792,282 — — 339,898 — — Investment in marketable equity securities 5,407 — — 8,267 — — Total assets (liabilities) measured at fair value $ 3,419,298 $ 445,869 $ — $ 3,356,213 $ 415,335 $ — (i) The Company holds an immaterial amount of bitcoin for operating purposes and, given the bitcoin is held for a relatively short period of time, typically being purchased and sold within a day, the fair value approximates carrying value. Refer to Note 1, Description of Business and Summary of Significant Accounting Policies and Note 13, Bitcoin for more details. December 31, 2024 December 31, 2023 Carrying Value Fair Value (Level 2) Carrying Value Fair Value (Level 2) 2026 Senior Notes $ 996,017 $ 960,589 $ 993,208 $ 938,105 2031 Senior Notes 990,971 873,868 989,567 879,913 2032 Senior Notes 1,975,026 1,999,220 — — 2025 Convertible Notes 999,497 991,941 996,437 979,776 2026 Convertible Notes 572,723 533,154 571,014 501,910 2027 Convertible Notes 571,202 497,517 569,865 468,475 Total $ 6,105,436 $ 5,856,289 $ 4,120,091 $ 3,768,179 The estimated fair value and carrying value of loans held for sale and loans held for investment were as follows (in thousands): December 31, 2024 December 31, 2023 Carrying Value Fair Value (Level 3) Carrying Value Fair Value (Level 3) Loans held for sale $ 1,111,107 $ 1,112,746 $ 775,424 $ 783,464 Loans held for investment 365,062 382,542 247,631 258,684 Total $ 1,476,169 $ 1,495,288 $ 1,023,055 $ 1,042,148

CONSUMER RECEIVABLES, NET (Tabl

CONSUMER RECEIVABLES, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Aging Analysis of Consumer Receivables held for Investment	The following table presents an aging analysis of the amortized cost of consumer receivables by delinquency status (in thousands): December 31, 2024 December 31, 2023 Non-delinquent loans $ 2,227,348 $ 2,074,532 1 - 60 days past due 369,173 453,412 61 - 90 days past due 29,334 26,798 90+ days past due 80,817 75,227 Total amortized cost $ 2,706,672 $ 2,629,969
Change in Allowance for Credit Losses	The following table summarizes activity in the allowance for credit losses subsequent to the acquisition of Afterpay (in thousands): Year Ended December 31, 2024 2023 Allowance for credit losses, beginning of the period $ 185,275 $ 151,290 Provision for credit losses 293,921 261,296 Charge-offs and other adjustments (271,727) (228,845) Foreign exchange effect (5,676) 1,534 Allowance for credit losses, end of the period $ 201,793 $ 185,275

CUSTOMER LOANS (Tables)

CUSTOMER LOANS (Tables)	12 Months Ended
	Dec. 31, 2024
Receivables [Abstract]
Loans Held for Sale by Category	The following table presents the Company’s loans held for sale aggregated by category (in thousands): December 31, 2024 December 31, 2023 Consumer $ 652,489 $ 274,630 Commercial 404,844 478,128 Other 53,774 22,666 Total $ 1,111,107 $ 775,424

PROPERTY AND EQUIPMENT, NET (Ta

PROPERTY AND EQUIPMENT, NET (Tables)	12 Months Ended
	Dec. 31, 2024
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment, Net	The estimated useful lives of property and equipment are described below: Property and Equipment Useful Life Capitalized software 18 months Computer equipment, data center equipment, and computer software Three years Furniture and fixtures Seven years Leasehold improvements Lesser of ten years or remaining lease term The following table details property and equipment, less accumulated depreciation and amortization (in thousands): December 31, December 31, Capitalized software $ 362,418 $ 243,214 Computer equipment 254,742 224,127 Leasehold improvements 126,221 123,218 Office furniture and equipment 27,706 28,798 Total 771,087 619,357 Less: Accumulated depreciation and amortization (456,655) (323,301) Property and equipment, net $ 314,432 $ 296,056

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Change in Carrying Value of Goodwill	The change in the carrying value of goodwill was as follows (in thousands): Balance at December 31, 2022 $ 11,966,761 Acquisitions 7,921 Foreign currency translation adjustments 77,351 Impairment charge (132,313) Balance at December 31, 2023 11,919,720 Foreign currency translation adjustments (428,790) Impairment charge (73,508) Balance at December 31, 2024 $ 11,417,422 The change in the carrying value of goodwill allocated to the reportable segments was as follows (in thousands): Cash App Square Corporate and Other Total Balance at December 31, 2022 $ 5,852,930 $ 5,915,946 $ 197,885 $ 11,966,761 Acquisitions — — 7,921 7,921 Foreign currency translation adjustments 77,351 — — 77,351 Reallocation between segments 720,847 (720,847) — — Impairment charge — — (132,313) (132,313) Balance at December 31, 2023 6,651,128 5,195,099 73,493 11,919,720 Foreign currency translation adjustments (236,041) (192,764) 15 (428,790) Impairment charge — — (73,508) (73,508) Balance at December 31, 2024 $ 6,415,087 $ 5,002,335 $ — $ 11,417,422

ACQUIRED INTANGIBLE ASSETS (Tab

ACQUIRED INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite Lived Intangible Assets	The following table details acquired intangible assets (in thousands): Balance at December 31, 2024 Weighted Average Estimated Useful Life Cost Accumulated Amortization Net Technology assets 5 years $ 353,791 $ (241,110) $ 112,681 Customer assets 15 years 1,401,102 (332,153) 1,068,949 Trade names 9 years 383,838 (132,590) 251,248 Other 7 years 5,299 (5,110) 189 Total $ 2,144,030 $ (710,963) $ 1,433,067 Balance at December 31, 2023 Weighted Average Estimated Useful Life Cost Accumulated Amortization Net Technology assets 5 years $ 393,511 $ (201,409) $ 192,102 Customer assets 14 years 1,473,970 (237,316) 1,236,654 Trade names 9 years 428,944 (102,774) 326,170 Other 9 years 13,299 (6,704) 6,595 Total $ 2,309,724 $ (548,203) $ 1,761,521 The change in the carrying value of intangible assets was as follows (in thousands): Year Ended December 31, 2024 2023 2022 Acquired intangible assets, net, beginning of the period $ 1,761,521 $ 2,014,034 $ 257,049 Acquisitions 7,536 6,300 2,006,490 Amortization expense (223,072) (246,873) (208,952) Foreign currency translation and other adjustments (112,918) (11,940) (40,553) Acquired intangible assets, net, end of the period $ 1,433,067 $ 1,761,521 $ 2,014,034
Future Amortization Expense of Intangible Assets	The estimated future amortization expense of intangible assets as of December 31, 2024 is as follows (in thousands): 2025 $ 190,611 2026 180,407 2027 136,843 2028 133,055 Thereafter 792,151 Total $ 1,433,067

OTHER CONSOLIDATED BALANCE SH_3

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) (Tables)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other Current Assets	The following table presents the detail of other current assets (in thousands): December 31, December 31, Restricted cash (i) $ 902,478 $ 770,380 Processing costs receivable 478,767 365,153 Loans held for investment, net of allowance for loan losses (ii) 365,062 247,631 Accounts receivable, net 148,898 134,824 Prepaid expenses 129,343 100,770 Inventory, net 104,990 110,097 Short term deposits (iii) 87,968 397,630 Other 324,198 227,003 Total $ 2,541,704 $ 2,353,488 (i) Includes a portion invested in money market funds. Refer to Note 5, Fair Value Measurements for further details. (ii) Refer to Note 7, Customer Loans for further details . (iii) As of December 31, 2023, includes a $350.0 million deposit held by a processor to meet requirements related to processing volumes under an arrangement that was executed in the fourth quarter of 2023. During the first quarter of 2024, this $350.0 million deposit was returned to the Company. This activity is included within cash flows from operating activities within the Company's consolidated statements of cash flows.
Accrued Expenses and Other Current Liabilities	The following table presents the detail of accrued expenses and other current liabilities (in thousands): December 31, December 31, Accrued expenses $ 725,339 $ 538,812 Customer deposits 241,884 167,028 Accounts payable 117,963 142,554 Accrued transaction losses (i) 58,580 54,042 Accrued royalties 57,605 62,140 Operating lease liabilities, current 52,880 53,721 Other 270,898 316,372 Total $ 1,525,149 $ 1,334,669 (i) 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.
Reserve for Transaction Losses	The following table summarizes the activities of the Company’s reserve for transaction losses (in thousands): Year Ended December 31, 2024 2023 Accrued transaction losses, beginning of the period $ 54,042 $ 64,539 Provision for transaction losses 111,163 95,885 Charge-offs to accrued transaction losses (106,625) (106,382) Accrued transaction losses, end of the period $ 58,580 $ 54,042

OTHER CONSOLIDATED BALANCE SH_4

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) (Tables)	12 Months Ended
	Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Other Non-Current Assets	The following table presents the detail of other non-current assets (in thousands): December 31, December 31, Bitcoin investment (i) $ 792,282 $ 339,898 Investment in non-marketable equity securities (ii) 245,557 205,268 Restricted cash 69,915 71,812 Other 131,794 113,111 Total $ 1,239,548 $ 730,089 (i) Refer to Note 13, Bitcoin for further details. (ii) 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 from orderly transactions for identical or similar investments of the same issuer. Adjustments are recorded within other expense (income), net on the consolidated statements of operations.
Summary of Non-Marketable Equity Securities	The adjustments to the carrying value of the Company's non-marketable equity securities measured using the measurement alternative were as follows (in thousands): December 31, December 31, Carrying amount, beginning of period $ 205,268 $ 208,880 Net additions 4,500 4,500 Gross unrealized gains 70,702 — Gross unrealized losses and impairments (34,913) (8,112) Carrying amount, end of period $ 245,557 $ 205,268 The following table summarizes the cumulative net unrealized upward and downward adjustments related to the Company's non-marketable equity securities measured using the measurement alternative (in thousands): December 31, December 31, Upward adjustments $ 155,329 $ 115,187 Downward adjustments (including impairment) $ (2,061) $ (2,707)

BITCOIN (Tables)

BITCOIN (Tables)	12 Months Ended
	Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Bitcoin	The following table summarizes the changes in the Company’s bitcoin investment (in thousands, except number of bitcoin): Amount of bitcoin Value Balance at December 31, 2022 8,038 $ 102,303 Cumulative effect of adoption of ASU 2023-08 — 30,511 Remeasurement — 207,084 Balance at December 31, 2023 8,038 $ 339,898 Additions 447 31,466 Remeasurement — 420,918 Balance at December 31, 2024 8,485 $ 792,282 Amount of bitcoin Value Balance at December 31, 2022 638 $ 10,941 Additions 335,213 9,369,762 Dispositions (335,467) (9,364,010) Balance at December 31, 2023 384 $ 16,693 Additions 158,775 9,940,634 Dispositions (159,001) (9,941,995) Balance at December 31, 2024 158 $ 15,332

INDEBTEDNESS (Tables)

INDEBTEDNESS (Tables)	12 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Amounts Drawn on Facilities by Year of Maturity	The table below summarizes the future scheduled principal payments of amounts drawn on the Company's Warehouse Facilities (in thousands): December 31, 2025 (i) $ 185,000 2026 533,609 2027 763,071 Total $ 1,481,680 (i) Future scheduled principal payments in 2025 are disclosed as warehouse funding facilities, current portion within total current liabilities on the consolidated balance sheet.
Net Carrying Amount of Convertible Notes	The following table summarizes the Company's Notes as of December 31, 2024 (in thousands): Principal Outstanding Unamortized Debt Issuance Costs Net Carrying Value 2026 Senior Notes $ 1,000,000 $ (3,983) $ 996,017 2031 Senior Notes 1,000,000 (9,029) 990,971 2032 Senior Notes 2,000,000 (24,974) 1,975,026 2025 Convertible Notes (i) 1,000,000 (503) 999,497 2026 Convertible Notes 575,000 (2,277) 572,723 2027 Convertible Notes 575,000 (3,798) 571,202 Total $ 6,150,000 $ (44,564) $ 6,105,436 (i) Net carrying value disclosed as current portion of long-term debt within total current liabilities on the consolidated balance sheet. The following table summarizes the Company's Notes as of December 31, 2023 (in thousands): Principal Outstanding Unamortized Debt Issuance Costs Net Carrying Value 2031 Senior Notes $ 1,000,000 $ (10,433) $ 989,567 2026 Senior Notes 1,000,000 (6,792) 993,208 2027 Convertible Notes 575,000 (5,135) 569,865 2026 Convertible Notes 575,000 (3,986) 571,014 2025 Convertible Notes 1,000,000 (3,563) 996,437 Total $ 4,150,000 $ (29,909) $ 4,120,091
Interest Expense on Convertible Notes	The Company recognized interest expense on the Notes as follows (in thousands): Year Ended December 31, 2024 2023 2022 Contractual interest expense $ 148,425 $ 65,566 $ 66,910 Amortization of debt issuance costs 11,964 10,538 10,979 Total $ 160,389 $ 76,104 $ 77,889

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2024
Income Tax Disclosure [Abstract]
Domestic and Foreign Components of Income (Loss) Before Income Taxes	The domestic and foreign components of income (loss) before income taxes were as follows (in thousands): Year Ended December 31, 2024 2023 2022 Domestic $ 1,332,836 $ (30,304) $ (347,968) Foreign 24,318 1,161 (217,349) Income (loss) before income taxes $ 1,357,154 $ (29,143) $ (565,317)
Components of Provision for Income Taxes	The components of the provision for income taxes were as follows (in thousands): Year Ended December 31, 2024 2023 2022 Current: Federal $ 46,390 $ 12,003 $ 14,352 State 38,489 14,351 17,504 Foreign 71,590 51,506 25,425 Total current provision for income taxes 156,469 77,860 57,281 Deferred: Federal (1,481,491) (58,532) (59,909) State (189,913) (25,072) (7,677) Foreign 5,592 (2,275) (2,007) Total deferred benefit from income taxes (1,665,812) (85,879) (69,593) Total benefit from income taxes $ (1,509,343) $ (8,019) $ (12,312)
Reconciliation of Statutory Federal Income Tax Rate to Company's Effective Tax Rate	The following is a reconciliation of the statutory federal income tax rate to the Company's effective tax rate: December 31, 2024 2023 2022 Tax at federal statutory rate 21.0 % 21.0 % 21.0 % State taxes, net of federal benefit 3.9 45.9 (1.1) Foreign rate differential 1.4 (175.6) (2.0) Other non-deductible expenses 2.7 (21.7) (1.2) Credits (4.8) 292.9 27.0 Other items 0.1 (2.2) 0.6 Change in valuation allowance 0.4 11.2 (46.7) Share-based compensation (2.7) (16.1) 7.5 Change in uncertain tax positions 1.3 (27.4) (1.5) Income/loss inclusions of U.S. foreign subsidiaries 0.9 (216.5) 2.1 Non-deductible executive compensation 0.2 (9.2) (0.3) Non-deductible acquisition related costs — (15.0) (3.0) Foreign exchange gain/loss 0.1 174.1 (0.2) Impairment loss 2.1 (60.8) — Return to provision adjustments 0.3 26.9 — U.S. valuation allowance release (96.3) — — Internal Restructuring (44.4) — — Non-deductible penalties 2.6 — — Total (111.2) % 27.5 % 2.2 %
Tax Effects of Temporary Differences and Related Deferred Tax Assets and Liabilities	The tax effects of temporary differences and related deferred tax assets and liabilities were as follows (in thousands): December 31, 2024 2023 Deferred tax assets: Capitalized costs & research and development capitalization $ 886,474 $ 552,731 Accrued expenses 122,470 173,556 Net operating loss carryforwards 388,199 935,289 Tax credit carryforwards 485,266 529,314 Share-based compensation 34,979 45,153 Intangible and other assets 375,316 — Other 105,976 61,489 Operating lease liability 81,885 85,154 Cryptocurrency investment — — Deferred consideration 9,192 6,943 Convertible notes 18,339 33,952 Total deferred tax assets 2,508,096 2,423,581 Valuation allowance (646,223) (2,001,438) Total deferred tax assets, net of valuation allowance 1,861,873 422,143 Deferred tax liabilities: Intangible and other assets — (332,512) Unrealized gain on investments (36,582) (25,618) Operating lease right-of-use asset (52,849) (60,600) Cryptocurrency investment (133,883) (29,711) Total deferred tax liabilities (223,314) (448,441) Net deferred tax assets (liabilities) $ 1,638,559 $ (26,298) Reported on the consolidated balance sheets as (after valuation allowance and jurisdictional netting): Deferred tax assets $ 1,800,994 $ 9,397 Deferred tax liabilities (162,435) (35,695) Net deferred tax assets (liabilities) $ 1,638,559 $ (26,298)
Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefit	The change in the balance of unrecognized tax benefit was as follows (in thousands): Year Ended December 31, 2024 2023 2022 Unrecognized tax benefit, beginning of the period $ 465,103 $ 506,512 $ 448,392 Gross increases and decreases related to prior period tax positions 34,050 (7,348) 5,431 Gross increases and decreases related to current period tax positions 139,217 (30,063) 30,988 Reductions related to lapse of statute of limitations (4,781) (3,998) (2,950) Gross increases related to acquisitions — — 24,651 Unrecognized tax benefit, end of the period $ 633,589 $ 465,103 $ 506,512

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	12 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Summary of Stock Option Activity	A summary of stock option activity for the year ended December 31, 2024 is as follows (in thousands, except share and per share data): Number of Stock Options Outstanding Weighted Weighted Aggregate Outstanding, beginning of the period 4,991 $ 47.64 3.80 $ 195,760 Granted 578 74.03 Exercised (2,646) 23.14 Forfeited (249) 78.73 Expired (96) 142.49 Outstanding, end of the period 2,578 $ 72.17 5.11 $ 67,966 Exercisable, end of the period 1,952 $ 70.00 3.95 $ 60,701
Restricted Stock Awards and Restricted Stock Units Activity	Activity related to RSUs during the year ended December 31, 2024 is set forth below: Number of Weighted Unvested, beginning of the period 40,099 $ 74.76 Granted 22,328 71.26 Vested (16,223) 79.90 Forfeited (9,125) 74.32 Unvested, end of the period 37,079 $ 70.51
Fair Value Assumptions for Options	The fair values of stock options granted were estimated using the following weighted-average assumptions: Year Ended December 31, 2024 2023 2022 Dividend yield — % — % — % Risk-free interest rate 4.65 % 3.48 % 3.08 % Expected volatility 62.92 % 62.32 % 59.20 % Expected term (years) 6.02 6.02 6.02
Summary of the Effect of Share-Based Compensation on the Consolidated Statements of Operations	The following table summarizes the effects of share-based compensation on the consolidated statements of operations (in thousands): Year Ended December 31, 2024 2023 2022 Cost of revenue $ 707 $ 601 $ 494 Product development 903,262 902,130 701,715 Sales and marketing 131,233 130,665 105,231 General and administrative 237,355 242,701 261,849 Total $ 1,272,557 $ 1,276,097 $ 1,069,289

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2024
Earnings Per Share [Abstract]
Basic and Diluted Net Income Per Share	The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data): Year Ended December 31, 2024 2023 2022 Basic net income (loss) per share: Numerator Net income (loss) attributable to common stockholders $ 2,897,047 $ 9,772 $ (540,747) Denominator Shares used to compute basic net income (loss) per share 616,993 608,856 578,949 Basic net income (loss) per share $ 4.70 $ 0.02 $ (0.93) Diluted net income (loss) per share: Numerator Net income (loss) attributable to common stockholders $ 2,897,047 $ 9,772 $ (540,747) Interest expense on convertible notes 6,216 — — Net income (loss) used to compute diluted net income (loss) per share $ 2,903,263 $ 9,772 $ (540,747) Denominator Shares used to compute basic net income (loss) per share 616,993 608,856 578,949 Stock options, restricted stock, and employee stock purchase plan 7,289 5,168 — Convertible notes 12,108 — — Shares used to compute diluted net income (loss) per share 636,390 614,024 578,949 Diluted net income (loss) per share $ 4.56 $ 0.02 $ (0.93)
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 per share because their effect would have been anti-dilutive for the periods presented (in thousands): Year Ended December 31, 2024 2023 2022 Stock options, restricted stock, and employee stock purchase plan 37,687 40,431 32,185 Convertible notes — 14,297 18,029 Common stock warrants 12,108 20,243 33,699 Total anti-dilutive securities 49,795 74,971 83,913

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Lease Expense Components and Other Information Related to Leases	The components of lease costs for the year ended December 31, 2024 were as follows (in thousands): Year Ended December 31, 2024 2023 Fixed operating lease costs $ 57,232 $ 77,659 Variable operating lease costs 22,344 22,555 Short-term lease costs 1,939 3,332 Sublease income (1,119) (11,933) Total lease costs $ 80,396 $ 91,613 Other information related to operating leases was as follows: Year Ended December 31, 2024 2023 Weighted-average remaining lease term 6.2 years 7.0 years Weighted-average discount rate 3.75 % 3.62 % Cash flows related to leases were as follows (in thousands): Year Ended December 31, 2024 2023 Cash flows from operating activities: Payments for operating lease liabilities $ (74,129) $ (93,890) Supplemental cash flow data: Right-of-use assets obtained in exchange for operating lease obligations $ 36,976 $ 7,106
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 December 31, 2024 are as follows (in thousands): 2025 $ 65,306 2026 63,169 2027 58,422 2028 54,115 2029 48,153 Thereafter 85,662 Total $ 374,827 Less: Amount representing interest 40,927 Less: Lease incentives 2,642 Total $ 331,258
Future Minimum Payments under the Purchase Commitments	As of December 31, 2024, the future minimum payments under the purchase commitments were as follows (in thousands): Payments Due By Period 2025 $ 345,622 2026 263,300 2027 315,100 Total $ 924,022

SEGMENT AND GEOGRAPHICAL INFO_2

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Segment Reporting [Abstract]
Segment Reporting Information, by Segment	The following tables present information on the reportable segments revenue and segment gross profit, as well as amounts for the "Corporate and Other" category, which includes products and services not assigned to reportable segments and intersegment eliminations (in thousands): Year Ended December 31, 2024 Cash App Square Corporate and Other Total Revenue: Transaction-based revenue $ 352,699 $ 6,260,981 $ — $ 6,613,680 Subscription and services-based revenue 5,695,976 1,278,933 189,890 7,164,799 Hardware revenue — 141,742 1,627 143,369 Bitcoin revenue 10,199,205 — — 10,199,205 Segment revenue $ 16,247,880 $ 7,681,656 $ 191,517 $ 24,121,053 Less: Cost of revenue 11,008,869 4,082,744 140,404 15,232,017 Segment gross profit $ 5,239,011 $ 3,598,912 $ 51,113 $ 8,889,036 Interest revenue $ 185,185 $ 36,837 $ — $ 222,022 Amortization of acquired technology assets $ 55,343 $ 7,726 $ 5,295 $ 68,364 Year Ended December 31, 2023 Cash App Square Corporate and Other Total Revenue: Transaction-based revenue $ 498,176 $ 5,817,125 $ — $ 6,315,301 Subscription and services-based revenue 4,685,208 1,059,081 200,553 5,944,842 Hardware revenue — 157,178 — 157,178 Bitcoin revenue 9,498,302 — — 9,498,302 Segment revenue $ 14,681,686 $ 7,033,384 $ 200,553 $ 21,915,623 Less: Cost of revenue 10,358,223 3,904,730 147,784 14,410,737 Segment gross profit $ 4,323,463 $ 3,128,654 $ 52,769 $ 7,504,886 Interest revenue $ 142,222 $ 28,011 $ — $ 170,233 Amortization of acquired technology assets $ 56,135 $ 10,632 $ 6,062 $ 72,829 Year Ended December 31, 2022 Cash App Square Corporate and Other Total Revenue: Transaction-based revenue $ 466,171 $ 5,235,369 $ — $ 5,701,540 Subscription and services-based revenue 3,452,777 894,350 205,646 4,552,773 Hardware revenue — 164,418 — 164,418 Bitcoin revenue 7,112,856 — — 7,112,856 Segment revenue $ 11,031,804 $ 6,294,137 $ 205,646 $ 17,531,587 Less: Cost of revenue 7,786,760 3,587,236 165,699 11,539,695 Segment gross profit $ 3,245,044 $ 2,706,901 $ 39,947 $ 5,991,892 Interest revenue $ 29,026 $ 1,193 $ — $ 30,219 Amortization of acquired technology assets $ 53,900 $ 10,494 $ 5,800 $ 70,194
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table provides a reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes (in thousands): Year Ended December 31, 2024 2023 2022 Total segment gross profit $ 8,889,036 $ 7,504,886 $ 5,991,892 Less: Product development 2,914,415 2,720,819 2,135,612 Less: Sales and marketing 1,984,265 2,019,009 2,057,951 Less: General and administrative 2,149,099 2,209,190 1,686,849 Less: Transaction, loan, and consumer receivable losses 794,221 660,663 550,683 Less: Bitcoin impairment losses — — 46,571 Less: Amortization of customer and other intangible assets 154,709 174,044 138,758 Less: Interest expense (income), net 9,302 (47,221) 36,228 Less: Remeasurement gain on bitcoin investment (420,918) (207,084) — Less: Other expense (income), net (53,211) 4,609 (95,443) Income (loss) before applicable income taxes $ 1,357,154 $ (29,143) $ (565,317)
Revenue by Geographic Area	Revenue by geography is based on the addresses of the sellers or customers. The following table details revenue by geographic area (in thousands): Year Ended December 31, 2024 2023 2022 United States $ 22,351,832 $ 20,416,462 $ 16,314,769 International 1,769,221 1,499,161 1,216,818 Total $ 24,121,053 $ 21,915,623 $ 17,531,587
Long-Lived Assets by Geographic Area	The following table details long-lived assets by geographic area (in thousands): December 31, 2024 2023 United States $ 7,435,117 $ 7,570,973 Australia 4,159,229 4,761,535 International 1,790,529 1,889,490 Total $ 13,384,875 $ 14,221,998

SUPPLEMENTAL CASH FLOW INFORM_2

SUPPLEMENTAL CASH FLOW INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract]
Cash Flow, Supplemental Disclosures	The supplemental disclosures of cash flow information consist of the following (in thousands): Year Ended December 31, 2024 2023 2022 Supplemental Cash Flow Data: Cash paid for interest $ 205,776 $ 130,009 $ 84,876 Cash paid for income taxes 270,314 81,376 39,045 Supplemental disclosures of non-cash investing and financing activities: Unsettled originations of consumer receivables 180,443 261,151 160,413 Right-of-use assets obtained in exchange for operating lease obligations 36,976 7,106 39,324 Purchases of property and equipment in accounts payable and accrued expenses 3,266 3,921 5,212 Deferred purchase consideration related to business combinations — 2,550 14,377 Fair value of common stock issued related to business combinations — (6,658) (13,827,929) Fair value of common stock issued to settle the conversion of convertible notes — — (2,523) Fair value of shares received to settle convertible note hedges — — 133,144 Fair value of common stock issued in connection with the exercise of common stock warrants — — (806,446) Bitcoin lent to third-party borrowers — — 5,934

DESCRIPTION OF BUSINESS AND S_4

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 USD ($) segment payment_installment payment_processor	Dec. 31, 2023 USD ($) payment_processor	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Concentration Risk [Line Items]
Number of reportable segments | segment	2
Interest earned on customer funds	$ 185,200,000	$ 142,200,000	$ 0
Severance and other related expenses	26,800,000	104,000,000
Advertising costs	338,100,000	360,100,000	544,200,000
Selling and marketing expenses not directly related to a revenue generating transaction	889,900,000	898,300,000	840,000,000
Interest income	156,200,000	126,600,000	0
Interest expense	165,500,000	0	0
Short-term restricted cash	902,478,000	770,380,000	639,780,000
Long-term restricted cash	69,915,000	71,812,000	71,600,000
Reclassification from loans held for sale to loans held for investment	903,800,000
Net gains on sales of loans	236,800,000	196,100,000	164,300,000
Consumer receivables reclassified from loans held for investment to loans held for sale and sold to third parties	438,600,000
Bitcoin for investment purposes, fair value	792,282,000	339,898,000
Increase in retained earnings	21,234,962,000	18,692,836,000	17,251,355,000	$ 3,313,589,000
Bitcoin for investment purposes, cost	31,466,000
Gain from the remeasurement of bitcoin investment	$ 420,918,000	207,084,000	0
Measurement period for business combinations	1 year
Intangible assets impairment	$ 0	0	0
Settlement period for customers payable	1 day
Reversal of safeguarding liabilities and corresponding asset		1,000,000,000
Variable Interest Entity, Primary Beneficiary
Concentration Risk [Line Items]
Restricted cash	$ 402,900,000	406,600,000
Retained Earnings
Concentration Risk [Line Items]
Increase in retained earnings	$ 2,368,618,000	$ (528,429,000)	(568,712,000)	$ (27,965,000)
Cumulative Effect, Period of Adoption, Adjustment
Concentration Risk [Line Items]
Bitcoin for investment purposes, fair value			30,500,000
Increase in retained earnings			30,511,000
Cumulative Effect, Period of Adoption, Adjustment | Retained Earnings
Concentration Risk [Line Items]
Increase in retained earnings			$ 30,511,000
Restricted Stock Awards (RSAs) and Restricted Stock Units (RSUs)
Concentration Risk [Line Items]
Vesting term	4 years
Consumer
Concentration Risk [Line Items]
Threshold period past due to consider amounts to be uncollectible	180 days
Credit Concentration Risk | Settlements Receivable
Concentration Risk [Line Items]
Number of third party processors | payment_processor	3	2
Third Party Processor One | Credit Concentration Risk | Settlements Receivable
Concentration Risk [Line Items]
Concentration risk	42%	46%
Third Party Processor Two | Credit Concentration Risk | Settlements Receivable
Concentration Risk [Line Items]
Concentration risk	17%	35%
Third Party Processor Three | Credit Concentration Risk | Settlements Receivable
Concentration Risk [Line Items]
Concentration risk	13%
Minimum
Concentration Risk [Line Items]
Settlements receivable, settlement period	1 day
Loans held for sale selling period	1 day
Settlements receivable and payable, settlement period	1 day
Maximum
Concentration Risk [Line Items]
Settlements receivable, settlement period	2 days
Loans held for sale selling period	2 days
Settlements receivable and payable, settlement period	2 days
Subscription and services-based revenue
Concentration Risk [Line Items]
Contract with customer, term	1 month
Subscription and services-based revenue | Afterpay Limited
Concentration Risk [Line Items]
Increment payment period	14 days
Subscription and services-based revenue | Minimum | Afterpay Limited
Concentration Risk [Line Items]
Number of payment installments | payment_installment	3
Payment period	6 months
Subscription and services-based revenue | Maximum | Afterpay Limited
Concentration Risk [Line Items]
Number of payment installments | payment_installment	4
Payment period	12 months
Hardware revenue | Minimum
Concentration Risk [Line Items]
Payment period	30 days
Hardware revenue | Maximum
Concentration Risk [Line Items]
Payment period	90 days

DESCRIPTION OF BUSINESS AND S_5

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Estimated Useful Lives of Property and Equipment (Details)	Dec. 31, 2024
Capitalized software
Property, Plant and Equipment [Line Items]
Useful Life	18 months
Computer equipment, data center equipment, and computer software
Property, Plant and Equipment [Line Items]
Useful Life	3 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Life	7 years
Maximum | Leasehold improvements
Property, Plant and Equipment [Line Items]
Useful Life	10 years

REVENUE - Disaggregation of Rev

REVENUE - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total net revenue	$ 24,121,053	$ 21,915,623	$ 17,531,587
Transaction-based revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers:	6,613,680	6,315,301	5,701,540
Total net revenue	6,613,680	6,315,301	5,701,540
Subscription and services-based revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers:	4,865,389	4,319,825	3,385,784
Revenue from other sources	2,299,410	1,625,017	1,166,989
Total net revenue	7,164,799	5,944,842	4,552,773
Hardware revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers:	143,369	157,178	164,418
Total net revenue	143,369	157,178	164,418
Bitcoin revenue
Disaggregation of Revenue [Line Items]
Revenue from contracts with customers:	10,199,205	9,498,302	7,112,856
Total net revenue	$ 10,199,205	$ 9,498,302	$ 7,112,856

INVESTMENTS IN DEBT SECURITIE_2

INVESTMENTS IN DEBT SECURITIES - Short-Term and Long-Term Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	$ 873,622
Fair Value	875,403
Short-term debt securities:
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	402,814	$ 859,198
Gross Unrealized Gains	713	306
Gross Unrealized Losses	(101)	(7,603)
Fair Value	403,426	851,901
Short-term debt securities: | U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	34,454	68,778
Gross Unrealized Gains	15	0
Gross Unrealized Losses	(1)	(1,263)
Fair Value	34,468	67,515
Short-term debt securities: | Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	160,238	216,864
Gross Unrealized Gains	248	96
Gross Unrealized Losses	(96)	(1,733)
Fair Value	160,390	215,227
Short-term debt securities: | Commercial paper
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	333	15,159
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	333	15,159
Short-term debt securities: | Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	398	9,396
Gross Unrealized Gains	1	0
Gross Unrealized Losses	0	(231)
Fair Value	399	9,165
Short-term debt securities: | Certificates of deposit
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	1,051	3,856
Gross Unrealized Gains	0	0
Gross Unrealized Losses	0	0
Fair Value	1,051	3,856
Short-term debt securities: | U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	206,340	544,145
Gross Unrealized Gains	449	210
Gross Unrealized Losses	(4)	(4,357)
Fair Value	206,785	539,998
Short-term debt securities: | Foreign government securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost		1,000
Gross Unrealized Gains		0
Gross Unrealized Losses		(19)
Fair Value		981
Long-term debt securities:
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	470,808	249,608
Gross Unrealized Gains	1,938	1,739
Gross Unrealized Losses	(769)	(220)
Fair Value	471,977	251,127
Long-term debt securities: | U.S. agency securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	49,017
Gross Unrealized Gains	23
Gross Unrealized Losses	(10)
Fair Value	49,030
Long-term debt securities: | Corporate bonds
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	195,035	94,564
Gross Unrealized Gains	693	809
Gross Unrealized Losses	(384)	(45)
Fair Value	195,344	95,328
Long-term debt securities: | Municipal securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	4,592	2,495
Gross Unrealized Gains	4	55
Gross Unrealized Losses	(251)	(138)
Fair Value	4,345	2,412
Long-term debt securities: | U.S. government securities
Debt Securities, Available-for-sale [Line Items]
Amortized Cost	222,164	152,549
Gross Unrealized Gains	1,218	875
Gross Unrealized Losses	(124)	(37)
Fair Value	$ 223,258	$ 153,387

INVESTMENTS IN DEBT SECURITIE_3

INVESTMENTS IN DEBT SECURITIES - Debt Securities, Available-for-sale, Unrealized Loss Position, Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Short-term debt securities:
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	$ 69,859	$ 151,548
Less than 12 Months, Gross Unrealized Losses	(94)	(183)
Greater than 12 months, Fair Value	5,989	385,780
Greater than 12 months, Gross Unrealized Losses	(7)	(7,419)
Total, Fair Value	75,848	537,328
Total, Gross Unrealized Losses	(101)	(7,602)
Short-term debt securities: | U.S. agency securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	18,954	9,770
Less than 12 Months, Gross Unrealized Losses	(1)	(10)
Greater than 12 months, Fair Value	0	57,745
Greater than 12 months, Gross Unrealized Losses	0	(1,253)
Total, Fair Value	18,954	67,515
Total, Gross Unrealized Losses	(1)	(1,263)
Short-term debt securities: | Corporate bonds
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	50,905	61,054
Less than 12 Months, Gross Unrealized Losses	(93)	(60)
Greater than 12 months, Fair Value	1,995	110,706
Greater than 12 months, Gross Unrealized Losses	(3)	(1,673)
Total, Fair Value	52,900	171,760
Total, Gross Unrealized Losses	(96)	(1,733)
Short-term debt securities: | Municipal securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value		0
Less than 12 Months, Gross Unrealized Losses		0
Greater than 12 months, Fair Value		9,165
Greater than 12 months, Gross Unrealized Losses		(231)
Total, Fair Value		9,165
Total, Gross Unrealized Losses		(231)
Short-term debt securities: | U.S. government securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	0	80,724
Less than 12 Months, Gross Unrealized Losses	0	(113)
Greater than 12 months, Fair Value	3,994	207,183
Greater than 12 months, Gross Unrealized Losses	(4)	(4,243)
Total, Fair Value	3,994	287,907
Total, Gross Unrealized Losses	(4)	(4,356)
Short-term debt securities: | Foreign government securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value		0
Less than 12 Months, Gross Unrealized Losses		0
Greater than 12 months, Fair Value		981
Greater than 12 months, Gross Unrealized Losses		(19)
Total, Fair Value		981
Total, Gross Unrealized Losses		(19)
Long-term debt securities:
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	152,069	41,269
Less than 12 Months, Gross Unrealized Losses	(646)	(92)
Greater than 12 months, Fair Value	363	2,657
Greater than 12 months, Gross Unrealized Losses	(123)	(126)
Total, Fair Value	152,432	43,926
Total, Gross Unrealized Losses	(769)	(218)
Long-term debt securities: | U.S. agency securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	9,990
Less than 12 Months, Gross Unrealized Losses	(10)
Greater than 12 months, Fair Value	0
Greater than 12 months, Gross Unrealized Losses	0
Total, Fair Value	9,990
Total, Gross Unrealized Losses	(10)
Long-term debt securities: | Corporate bonds
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	80,550	11,819
Less than 12 Months, Gross Unrealized Losses	(384)	(31)
Greater than 12 months, Fair Value	0	2,274
Greater than 12 months, Gross Unrealized Losses	0	(14)
Total, Fair Value	80,550	14,093
Total, Gross Unrealized Losses	(384)	(45)
Long-term debt securities: | Municipal securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	2,848	976
Less than 12 Months, Gross Unrealized Losses	(128)	(24)
Greater than 12 months, Fair Value	363	383
Greater than 12 months, Gross Unrealized Losses	(123)	(112)
Total, Fair Value	3,211	1,359
Total, Gross Unrealized Losses	(251)	(136)
Long-term debt securities: | U.S. government securities
Debt Securities, Available-for-sale, Unrealized Loss Position [Line Items]
Less than 12 Months, Fair Value	58,681	28,474
Less than 12 Months, Gross Unrealized Losses	(124)	(37)
Greater than 12 months, Fair Value	0	0
Greater than 12 months, Gross Unrealized Losses	0	0
Total, Fair Value	58,681	28,474
Total, Gross Unrealized Losses	$ (124)	$ (37)

INVESTMENTS IN DEBT SECURITIE_4

INVESTMENTS IN DEBT SECURITIES - Contractual Maturities of Short-Term and Long-Term Investments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Amortized Cost
Due in one year or less	$ 402,814
Due in one to five years	470,808
Amortized Cost	873,622
Fair Value
Due in one year or less	403,426
Due in one to five years	471,977
Fair Value	$ 875,403

CUSTOMER FUNDS - Assets Underly

CUSTOMER FUNDS - Assets Underlying Customer Funds (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Debt Securities, Available-for-sale [Line Items]
Customer funds	$ 4,182,872	$ 3,170,430
Cash
Debt Securities, Available-for-sale [Line Items]
Customer funds	3,195,253	2,137,634
Cash equivalents: | Money market funds
Debt Securities, Available-for-sale [Line Items]
Customer funds	4,645	4,042
Cash equivalents: | Reverse repurchase agreement
Debt Securities, Available-for-sale [Line Items]
Customer funds	$ 982,974	$ 1,028,754

FAIR VALUE MEASUREMENTS - Finan

FAIR VALUE MEASUREMENTS - Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds:	$ 4,182,872	$ 3,170,430
Short-term debt securities:	403,426	851,901
Long-term debt securities:	471,977	251,127
Bitcoin investment	792,282	339,898
Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bitcoin investment	792,282	339,898
Investment in marketable equity securities	5,407	8,267
Total assets (liabilities) measured at fair value	3,419,298	3,356,213
Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bitcoin investment	0	0
Investment in marketable equity securities	0	0
Total assets (liabilities) measured at fair value	445,869	415,335
Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Bitcoin investment	0	0
Investment in marketable equity securities	0	0
Total assets (liabilities) measured at fair value	0	0
Money market funds | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	857,196	960,705
Restricted Cash:	319,800	291,374
Customer funds:	4,645	4,042
Money market funds | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Restricted Cash:	0	0
Customer funds:	0	0
Money market funds | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Restricted Cash:	0	0
Customer funds:	0	0
Reverse repurchase agreement | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds:	982,974	1,028,754
Reverse repurchase agreement | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds:	0	0
Reverse repurchase agreement | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Customer funds:	0	0
U.S. agency securities | Fair Value, Measurements, Recurring | Level 1
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
U.S. agency securities | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	34,468	67,515
Long-term debt securities:	49,030	0
U.S. agency securities | Fair Value, Measurements, Recurring | Level 3
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
U.S. government securities | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	26,951	29,788
Short-term debt securities:	206,785	539,998
Long-term debt securities:	223,258	153,387
U.S. government securities | Fair Value, Measurements, Recurring | Level 2
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
U.S. government securities | Fair Value, Measurements, Recurring | Level 3
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
Commercial paper | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Commercial paper | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	509	4,993
Commercial paper | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	0
Corporate bonds | Fair Value, Measurements, Recurring | Level 1
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
Corporate bonds | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents:	0	699
Short-term debt securities:	160,390	215,227
Long-term debt securities:	195,344	95,328
Corporate bonds | Fair Value, Measurements, Recurring | Level 3
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
Commercial paper | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	0	0
Commercial paper | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	333	15,159
Commercial paper | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	0	0
Municipal securities | Fair Value, Measurements, Recurring | Level 1
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
Municipal securities | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	399	9,165
Long-term debt securities:	4,345	2,412
Municipal securities | Fair Value, Measurements, Recurring | Level 3
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
Certificates of deposit | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	0	0
Certificates of deposit | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	1,051	3,856
Certificates of deposit | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	0	0
Foreign government securities | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	0	0
Foreign government securities | Fair Value, Measurements, Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	0	981
Foreign government securities | Fair Value, Measurements, Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Short-term debt securities:	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Fair

FAIR VALUE MEASUREMENTS - Fair Value and Carrying Value of Convertible Senior Notes (Details) - Fair Value, Measurements, Recurring - Level 2 - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	$ 6,105,436	$ 4,120,091
Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	5,856,289	3,768,179
2026 Senior Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	996,017	993,208
2026 Senior Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	960,589	938,105
2031 Senior Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	990,971	989,567
2031 Senior Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	873,868	879,913
2032 Senior Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	1,975,026	0
2032 Senior Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt instrument	1,999,220	0
2025 Convertible Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes	999,497	996,437
2025 Convertible Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes	991,941	979,776
2026 Convertible Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes	572,723	571,014
2026 Convertible Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes	533,154	501,910
2027 Convertible Notes | Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes	571,202	569,865
2027 Convertible Notes | Fair Value (Level 2)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible notes	$ 497,517	$ 468,475

FAIR VALUE MEASUREMENTS - Fai_2

FAIR VALUE MEASUREMENTS - Fair Value and Carrying Value of Loans Held for Sale (Details) - Fair Value, Measurements, Recurring - Level 3 - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Carrying Value
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	$ 1,111,107	$ 775,424
Loans held for investment	365,062	247,631
Total	1,476,169	1,023,055
Fair Value (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Loans held for sale	1,112,746	783,464
Loans held for investment	382,542	258,684
Total	$ 1,495,288	$ 1,042,148

FAIR VALUE MEASUREMENTS - Narra

FAIR VALUE MEASUREMENTS - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Loans Receivable Held-For-Sale
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loss included in earnings from excess amortized cost over fair value of loans charge	$ 290.2	$ 111.2	$ 78

CONSUMER RECEIVABLES, NET - Nar

CONSUMER RECEIVABLES, NET - Narrative (Details) - Consumer - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Credit Quality Indicator [Line Items]
Loans held for investment, threshold period past due	60 days
Consumer receivables	$ 2,706,672	$ 2,629,969
Cash in transit	$ 266,700	$ 365,400
Threshold period past due to consider amounts to be uncollectible	180 days
Pass
Financing Receivable, Credit Quality Indicator [Line Items]
Consumer receivables	$ 2,600,000
Classified
Financing Receivable, Credit Quality Indicator [Line Items]
Consumer receivables	$ 110,200
Minimum
Financing Receivable, Credit Quality Indicator [Line Items]
Payment period	14 days
Maximum
Financing Receivable, Credit Quality Indicator [Line Items]
Payment period	56 days

CONSUMER RECEIVABLES, NET - Agi

CONSUMER RECEIVABLES, NET - Aging Analysis (Details) - Consumer - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Consumer receivables	$ 2,706,672	$ 2,629,969
Non-delinquent loans
Financing Receivable, Past Due [Line Items]
Consumer receivables	2,227,348	2,074,532
1 - 60 days past due
Financing Receivable, Past Due [Line Items]
Consumer receivables	369,173	453,412
61 - 90 days past due
Financing Receivable, Past Due [Line Items]
Consumer receivables	29,334	26,798
90+ days past due
Financing Receivable, Past Due [Line Items]
Consumer receivables	$ 80,817	$ 75,227

CONSUMER RECEIVABLES, NET - Act

CONSUMER RECEIVABLES, NET - Activity in Allowance for Credit Losses (Details) - Consumer - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for credit losses, beginning of the period	$ 185,275	$ 151,290
Provision for credit losses	293,921	261,296
Charge-offs and other adjustments	(271,727)	(228,845)
Foreign exchange effect	(5,676)	1,534
Allowance for credit losses, end of the period	$ 201,793	$ 185,275

CUSTOMER LOANS - Narrative (Det

CUSTOMER LOANS - Narrative (Details) - Loan Portfolio Segment - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Financing Receivable, Past Due [Line Items]
Consumer receivables, net	$ 365,100	$ 247,631
Loans held for investment, threshold period past due	60 days
Nonperforming Financial Instruments
Financing Receivable, Past Due [Line Items]
Loans held for investment, threshold period past due	90 days
Unlikely to be Collected Financing Receivable
Financing Receivable, Past Due [Line Items]
Loans held for investment, threshold period past due	120 days
Unlikely to be Collected Financing Receivable | Square Loans
Financing Receivable, Past Due [Line Items]
Loans held for investment, threshold period past due	120 days
Unlikely to be Collected Financing Receivable | Cash Borrow Loans
Financing Receivable, Past Due [Line Items]
Loans held for investment, threshold period past due	90 days
Pass
Financing Receivable, Past Due [Line Items]
Consumer receivables	$ 385,200	$ 261,400

CUSTOMER LOANS - Loans Held for

CUSTOMER LOANS - Loans Held for Sale by Category (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 1,111,107	$ 775,424
Consumer
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	652,489	274,630
Commercial
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	404,844	478,128
Other
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for sale	$ 53,774	$ 22,666

PROPERTY AND EQUIPMENT, NET - S

PROPERTY AND EQUIPMENT, NET - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 771,087	$ 619,357
Less: Accumulated depreciation and amortization	(456,655)	(323,301)
Property and equipment, net	314,432	296,056
Capitalized software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	362,418	243,214
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	254,742	224,127
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	126,221	123,218
Office furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 27,706	$ 28,798

PROPERTY AND EQUIPMENT, NET - N

PROPERTY AND EQUIPMENT, NET - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense on property and equipment	$ 153.1	$ 172.8	$ 131.5

GOODWILL - Schedule of Change i

GOODWILL - Schedule of Change in Carrying Value of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023
Goodwill [Roll Forward]
Beginning balance			$ 11,919,720	$ 11,966,761
Acquisitions				7,921
Foreign currency translation adjustments			(428,790)	77,351
Reallocation between segments				0
Impairment charge	$ (73,500)	$ (132,313)	(73,508)	(132,313)
Ending balance	11,417,422	11,919,720	11,417,422	11,919,720
Corporate and Other
Goodwill [Roll Forward]
Beginning balance			73,493	197,885
Acquisitions				7,921
Foreign currency translation adjustments			15	0
Reallocation between segments				0
Impairment charge			(73,508)
Ending balance	0	73,493	0	73,493
Cash App
Goodwill [Roll Forward]
Beginning balance			6,651,128	5,852,930
Acquisitions				0
Foreign currency translation adjustments			(236,041)	77,351
Reallocation between segments				720,847
Impairment charge			0	0
Ending balance	6,415,087	6,651,128	6,415,087	6,651,128
Square
Goodwill [Roll Forward]
Beginning balance			5,195,099	5,915,946
Acquisitions				0
Foreign currency translation adjustments			(192,764)	0
Reallocation between segments				(720,847)
Impairment charge			0	0
Ending balance	$ 5,002,335	$ 5,195,099	$ 5,002,335	$ 5,195,099

GOODWILL - Narrative (Details)

GOODWILL - Narrative (Details) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2024 USD ($) segment	Dec. 31, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Number of reportable segments | segment			2
Goodwill and intangible asset impairment | $	$ 73,500	$ 132,313	$ 73,508	$ 132,313

ACQUIRED INTANGIBLE ASSETS - Sc

ACQUIRED INTANGIBLE ASSETS - Schedule of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	$ 2,144,030	$ 2,309,724
Accumulated Amortization	(710,963)	(548,203)
Net	$ 1,433,067	$ 1,761,521	$ 2,014,034	$ 257,049
Technology assets
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life	5 years	5 years
Cost	$ 353,791	$ 393,511
Accumulated Amortization	(241,110)	(201,409)
Net	$ 112,681	$ 192,102
Customer assets
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life	15 years	14 years
Cost	$ 1,401,102	$ 1,473,970
Accumulated Amortization	(332,153)	(237,316)
Net	$ 1,068,949	$ 1,236,654
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life	9 years	9 years
Cost	$ 383,838	$ 428,944
Accumulated Amortization	(132,590)	(102,774)
Net	$ 251,248	$ 326,170
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Weighted Average Estimated Useful Life	7 years	9 years
Cost	$ 5,299	$ 13,299
Accumulated Amortization	(5,110)	(6,704)
Net	$ 189	$ 6,595

ACQUIRED INTANGIBLE ASSETS - Ch

ACQUIRED INTANGIBLE ASSETS - Change in Carrying Value of Acquired Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Finite-lived Intangible Assets [Roll Forward]
Beginning balance	$ 1,761,521	$ 2,014,034	$ 257,049
Acquisitions	7,536	6,300	2,006,490
Amortization expense	(223,072)	(246,873)	(208,952)
Foreign currency translation and other adjustments	(112,918)	(11,940)	(40,553)
Ending balance	$ 1,433,067	$ 1,761,521	$ 2,014,034

ACQUIRED INTANGIBLE ASSETS - Fu

ACQUIRED INTANGIBLE ASSETS - Future Amortization of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
2025	$ 190,611
2026	180,407
2027	136,843
2028	133,055
Thereafter	792,151
Net	$ 1,433,067	$ 1,761,521	$ 2,014,034	$ 257,049

OTHER CONSOLIDATED BALANCE SH_5

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Restricted cash	$ 902,478	$ 770,380	$ 639,780
Processing costs receivable	478,767	365,153
Accounts receivable, net	148,898	134,824
Prepaid expenses	129,343	100,770
Inventory, net	104,990	110,097
Short term deposits	87,968	397,630
Other	324,198	227,003
Total	2,541,704	2,353,488
Deposit held by processor	350,000
Loan Portfolio Segment
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans held for investment, net of allowance for loan losses	$ 365,100	$ 247,631

OTHER CONSOLIDATED BALANCE SH_6

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) - Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued expenses	$ 725,339	$ 538,812
Customer deposits	241,884	167,028
Accounts payable	117,963	142,554
Accrued transaction losses	58,580	54,042
Accrued royalties	57,605	62,140
Operating lease liabilities, current	$ 52,880	$ 53,721
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Total	Total
Other	$ 270,898	$ 316,372
Total	$ 1,525,149	$ 1,334,669

OTHER CONSOLIDATED BALANCE SH_7

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) - Reserve for Transaction Losses (Details) - Transaction Losses - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Loss Contingency Accrual [Roll Forward]
Accrued transaction losses, beginning of the period	$ 54,042	$ 64,539
Provision for transaction losses	111,163	95,885
Charge-offs to accrued transaction losses	(106,625)	(106,382)
Accrued transaction losses, end of the period	$ 58,580	$ 54,042

OTHER CONSOLIDATED BALANCE SH_8

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (CURRENT) - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Transaction Losses
Loss Contingencies [Line Items]
Provisions for transaction losses realized and written-off within the same period	$ 274.8	$ 405.6

OTHER CONSOLIDATED BALANCE SH_9

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) - Other Non-Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Bitcoin investment	$ 792,282	$ 339,898
Investment in non-marketable equity securities	245,557	205,268	$ 208,880
Restricted cash	69,915	71,812	$ 71,600
Other	131,794	113,111
Total	$ 1,239,548	$ 730,089

OTHER CONSOLIDATED BALANCE S_10

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) - Adjustments of Non-Marketable Equity Securities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Equity Securities without Readily Determinable Fair Value [Roll Forward]
Carrying amount, beginning of period	$ 205,268	$ 208,880
Net additions	4,500	4,500
Gross unrealized gains	70,702	0
Gross unrealized losses and impairments	(34,913)	(8,112)
Carrying amount, end of period	$ 245,557	$ 205,268

OTHER CONSOLIDATED BALANCE S_11

OTHER CONSOLIDATED BALANCE SHEET COMPONENTS (NON-CURRENT) - Summary of Non-Marketable Equity Securities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Upward adjustments	$ 155,329	$ 115,187
Downward adjustments (including impairment)	$ (2,061)	$ (2,707)

BITCOIN - Narrative (Details)

BITCOIN - Narrative (Details) $ in Millions	Dec. 31, 2024 USD ($) bitcoin	Dec. 31, 2023 USD ($) bitcoin	Dec. 31, 2022 bitcoin
Crypto Asset, Activity [Line Items]
Number of bitcoins (in bitcoin)	8,485	8,038	8,038
Crypto-Asset, Investing Purposes
Crypto Asset, Activity [Line Items]
Number of bitcoins (in bitcoin)	8,485	8,038
Bitcoin, purchase value | $	$ 251.5	$ 220

BITCOIN - Changes in Bitcoin In

BITCOIN - Changes in Bitcoin Investment (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) bitcoin	Dec. 31, 2023 USD ($) bitcoin	Dec. 31, 2022 USD ($) bitcoin
Amount of bitcoin
Balance (in bitcoin) | bitcoin	8,485	8,038	8,038
Additions (in bitcoin) | bitcoin	447
Value
Bitcoin, beginning balance	$ 339,898	$ 102,303
Additions	31,466
Remeasurement	420,918	207,084	$ 0
Bitcoin, ending balance	$ 792,282	339,898	102,303
Cumulative Effect, Period of Adoption, Adjustment
Value
Bitcoin, beginning balance		$ 30,511
Bitcoin, ending balance			$ 30,511

BITCOIN - Changes in Bitcoin fo

BITCOIN - Changes in Bitcoin for Operating Purposes (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) bitcoin	Dec. 31, 2023 USD ($) bitcoin
Amount of bitcoin
Bitcoin, beginning balance (in bitcoin) | bitcoin	384	638
Additions (in bitcoin) | bitcoin	158,775	335,213
Dispositions (in bitcoin) | bitcoin	(159,001)	(335,467)
Bitcoin, ending balance (in bitcoin) | bitcoin	158	384
Value
Bitcoin, beginning balance | $	$ 16,693	$ 10,941
Additions | $	9,940,634	9,369,762
Dispositions | $	(9,941,995)	(9,364,010)
Bitcoin, ending balance | $	$ 15,332	$ 16,693

INDEBTEDNESS - Facility Narrati

INDEBTEDNESS - Facility Narrative (Details) - USD ($)		1 Months Ended	12 Months Ended
	Feb. 23, 2022	May 31, 2020	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Interest expense			$ 165,500,000	$ 0	$ 0
Convertible Debt
Debt Instrument [Line Items]
Principal Outstanding			6,150,000,000	4,150,000,000
Interest expense			160,389,000	76,104,000	77,889,000
Revolving Secured Credit Facility | Line of Credit | 2020 Credit Facility
Debt Instrument [Line Items]
Debt covenant, minimum quarterly liquidity amount		$ 250,000,000
Amounts drawn to date			0
Letters of credit outstanding			0
Remaining borrowing capacity			775,000,000
Revolving Secured Credit Facility | Line of Credit | Minimum | 2020 Credit Facility
Debt Instrument [Line Items]
Unused commitment fee, percent		0.10%
Revolving Secured Credit Facility | Line of Credit | Maximum | 2020 Credit Facility
Debt Instrument [Line Items]
Unused commitment fee, percent		0.20%
Revolving Secured Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR) | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1%
Revolving Secured Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR) | Minimum | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Additional basis spread on variable rate	0.25%
Revolving Secured Credit Facility | Line of Credit | Secured Overnight Financing Rate (SOFR) | Maximum | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Additional basis spread on variable rate	0.75%
Revolving Secured Credit Facility | Line of Credit | Federal Funds Rate | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Revolving Secured Credit Facility | Line of Credit | Federal Funds Rate | Minimum | 2020 Credit Facility
Debt Instrument [Line Items]
Additional basis spread on variable rate	0.25%
Revolving Secured Credit Facility | Line of Credit | Federal Funds Rate | Maximum | 2020 Credit Facility
Debt Instrument [Line Items]
Additional basis spread on variable rate	0.75%
Revolving Secured Credit Facility | Line of Credit | Prime Rate | 2020 Credit Facility
Debt Instrument [Line Items]
Basis spread on variable rate	0.50%
Revolving Secured Credit Facility | Line of Credit | Prime Rate | Minimum | 2020 Credit Facility
Debt Instrument [Line Items]
Additional basis spread on variable rate	0.25%
Revolving Secured Credit Facility | Line of Credit | Prime Rate | Maximum | 2020 Credit Facility
Debt Instrument [Line Items]
Additional basis spread on variable rate	0.75%
Line of Credit | Secured Debt | Warehouse Funding Facilities
Debt Instrument [Line Items]
Maximum borrowing capacity			1,700,000,000
Remaining borrowing capacity			253,900,000
Principal Outstanding			1,500,000,000
Interest expense			$ 72,000,000	$ 65,900,000	$ 16,200,000

INDEBTEDNESS - Amounts Drawn on

INDEBTEDNESS - Amounts Drawn on Facilities by Year of Maturity (Details) - Secured Debt - Warehouse Funding Facilities - Line of Credit $ in Thousands	Dec. 31, 2024 USD ($)
Debt Instrument [Line Items]
2025	$ 185,000
2026	533,609
2027	763,071
Total	$ 1,481,680

INDEBTEDNESS - Senior Unsecured

INDEBTEDNESS - Senior Unsecured Notes Narrative (Details) - Senior Notes - USD ($) $ in Millions	May 09, 2024	May 20, 2021
Senior Unsecured Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 2,000
Redemption price, percentage		100%
Redemption price, premium rate		1%
Redemption price, premium, basis spread on variable rate		0.50%
Debt repurchase, percentage		101%
Debt default, percentage of interest by trustee or holders (at least)		25%
Discounts and commissions payable		$ 22.5
Third party offering costs		5.7
2026 Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 1,000
Interest rate		2.75%
Effective interest rate		3.06%
2031 Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount		$ 1,000
Interest rate		3.50%
Effective interest rate		3.69%
2032 Senior Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 2,000
Interest rate	6.50%
Redemption price, percentage	100%
Redemption price, premium rate	1%
Redemption price, premium, basis spread on variable rate	0.50%
Debt repurchase, percentage	101%
Debt default, percentage of interest by trustee or holders (at least)	25%
Discounts and commissions payable	$ 21
Third party offering costs	$ 5.6
Effective interest rate	6.70%

INDEBTEDNESS - Convertible Note

INDEBTEDNESS - Convertible Notes Narrative (Details) - Convertible Debt	Nov. 13, 2020 USD ($) day $ / shares	Mar. 05, 2020 USD ($) day $ / shares
Debt Instrument [Line Items]
Conversion price of convertible debt (in USD per share) | $ / shares		$ 121.01
2025 Convertible Notes
Debt Instrument [Line Items]
Aggregate principal amount | $		$ 1,000,000,000
Interest rate		0.125%
Conversion rate		0.0082641
Conversion price of convertible debt (in USD per share) | $ / shares		$ 121.01
Redemption price, percentage		100%
2025 Convertible Notes | Debt Instrument, Conversion Term One
Debt Instrument [Line Items]
Threshold trading days		20
Threshold consecutive trading days		30
Threshold percentage of stock price trigger		130%
2025 Convertible Notes | Debt Instrument, Conversion Term Two
Debt Instrument [Line Items]
Threshold trading days		5
Threshold consecutive trading days		5
Threshold percentage of stock price trigger		98%
2026 and 2027 Notes
Debt Instrument [Line Items]
Aggregate principal amount | $	$ 1,150,000,000
Conversion rate	0.003343
Conversion price of convertible debt (in USD per share) | $ / shares	$ 299.13
Redemption price, percentage	100%
2026 and 2027 Notes | Debt Instrument, Conversion Term One
Debt Instrument [Line Items]
Threshold trading days	20
Threshold consecutive trading days	30
Threshold percentage of stock price trigger	130%
2026 and 2027 Notes | Debt Instrument, Conversion Term Two
Debt Instrument [Line Items]
Threshold trading days	5
Threshold consecutive trading days	5
Threshold percentage of stock price trigger	98%
2026 Convertible Notes
Debt Instrument [Line Items]
Aggregate principal amount | $	$ 575,000,000
Interest rate	0%
Conversion price of convertible debt (in USD per share) | $ / shares	$ 299.13
2027 Convertible Notes
Debt Instrument [Line Items]
Aggregate principal amount | $	$ 575,000,000
Interest rate	0.25%
Conversion price of convertible debt (in USD per share) | $ / shares	$ 299.13

INDEBTEDNESS - Net Carrying Amo

INDEBTEDNESS - Net Carrying Amount of Convertible Notes (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Convertible Debt
Debt Instrument [Line Items]
Principal Outstanding	$ 6,150,000	$ 4,150,000
Unamortized Debt Issuance Costs	(44,564)	(29,909)
Total	6,105,436	4,120,091
2026 Senior Notes | Senior Notes
Debt Instrument [Line Items]
Principal Outstanding	1,000,000	1,000,000
Unamortized Debt Issuance Costs	(3,983)	(6,792)
Total	996,017	993,208
2031 Senior Notes | Senior Notes
Debt Instrument [Line Items]
Principal Outstanding	1,000,000	1,000,000
Unamortized Debt Issuance Costs	(9,029)	(10,433)
Total	990,971	989,567
2032 Senior Notes | Senior Notes
Debt Instrument [Line Items]
Principal Outstanding	2,000,000
Unamortized Debt Issuance Costs	(24,974)
Total	1,975,026
2025 Convertible Notes | Convertible Debt
Debt Instrument [Line Items]
Principal Outstanding	1,000,000	1,000,000
Unamortized Debt Issuance Costs	(503)	(3,563)
Total	999,497	996,437
2026 Convertible Notes | Convertible Debt
Debt Instrument [Line Items]
Principal Outstanding	575,000	575,000
Unamortized Debt Issuance Costs	(2,277)	(3,986)
Total	572,723	571,014
2027 Convertible Notes | Convertible Debt
Debt Instrument [Line Items]
Principal Outstanding	575,000	575,000
Unamortized Debt Issuance Costs	(3,798)	(5,135)
Total	$ 571,202	$ 569,865

INDEBTEDNESS - Interest Expense

INDEBTEDNESS - Interest Expense on Convertible Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Total	$ 165,500	$ 0	$ 0
Convertible Debt
Debt Instrument [Line Items]
Contractual interest expense	148,425	65,566	66,910
Amortization of debt issuance costs	11,964	10,538	10,979
Total	$ 160,389	$ 76,104	$ 77,889

INDEBTEDNESS - Convertible No_2

INDEBTEDNESS - Convertible Note Hedge and Warrant Transactions Narrative (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Millions	Nov. 13, 2020	Mar. 05, 2020
Convertible Debt
Debt Instrument [Line Items]
Conversion price of convertible debt (in USD per share)		$ 121.01
Conversion price of convertible debt after effect of warrants and note hedge (in USD per share)		$ 161.34
Convertible Debt | 2027 Convertible 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 Convertible 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]
Outstanding warrants to purchase aggregate shares of capital stock (in shares)	1,900
Exercise price of warrants (in USD per share)	$ 414.18
Proceeds from issuance of senior notes	$ 68
Common Stock Warrant, 2026 Notes
Debt Instrument [Line Items]
Outstanding warrants to purchase aggregate shares of capital stock (in shares)	1,900
Exercise price of warrants (in USD per share)	$ 368.16
Proceeds from issuance of senior notes	$ 64.6
Common Stock Warrant, 2025 Notes
Debt Instrument [Line Items]
Outstanding warrants to purchase aggregate shares of capital stock (in shares)		8,260
Exercise price of warrants (in USD per share)		$ 161.34
Proceeds from issuance of senior notes		$ 99.5
Options Held
Debt Instrument [Line Items]
Outstanding warrants to purchase aggregate shares of capital stock (in shares)	1,900	8,300
Convertible note hedge, option to purchase common stock, price (in USD per share)	$ 299.13	$ 121.01
Cost of convertible note hedge		$ 149.2
Options Held | 2027 Convertible Notes
Debt Instrument [Line Items]
Cost of convertible note hedge	$ 104.3
Options Held | 2026 Convertible Notes
Debt Instrument [Line Items]
Cost of convertible note hedge	$ 84.6

INCOME TAXES - Domestic and For

INCOME TAXES - Domestic and Foreign Components of Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Domestic	$ 1,332,836	$ (30,304)	$ (347,968)
Foreign	24,318	1,161	(217,349)
Income (loss) before income tax	$ 1,357,154	$ (29,143)	$ (565,317)

INCOME TAXES - Components of Pr

INCOME TAXES - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022
Current:
Federal		$ 46,390		$ 12,003		$ 14,352
State		38,489		14,351		17,504
Foreign		71,590		51,506		25,425
Total current provision for income taxes		156,469		77,860		57,281
Deferred:
Federal		(1,481,491)		(58,532)		(59,909)
State		(189,913)		(25,072)		(7,677)
Foreign		5,592		(2,275)		(2,007)
Total deferred benefit from income taxes		(1,665,812)		(85,879)		(69,593)
Total benefit from income taxes	$ (1,300,000)	$ (1,509,343)	[1]	$ (8,019)	[1]	$ (12,312)	[1]
[1] Includes one-time benefits from income taxes of $1.9 billion in fiscal 2024 related to both the release of the Company's valuation allowance associated with certain federal and state deferred tax assets as well as the recognition of deferred tax assets as part of internal legal entity restructuring efforts. Refer to Note 15, Income Taxes within the Notes to the Consolidated Financial Statements for further details.

INCOME TAXES - Reconciliation o

INCOME TAXES - Reconciliation of Statutory Federal Income Tax Rate to Company's Effective Tax Rate (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Tax at federal statutory rate	21%	21%	21%
State taxes, net of federal benefit	3.90%	45.90%	(1.10%)
Foreign rate differential	1.40%	(175.60%)	(2.00%)
Other non-deductible expenses	2.70%	(21.70%)	(1.20%)
Credits	(4.80%)	292.90%	27%
Other items	0.10%	(2.20%)	0.60%
Change in valuation allowance	0.40%	11.20%	(46.70%)
Share-based compensation	(2.70%)	(16.10%)	7.50%
Change in uncertain tax positions	1.30%	(27.40%)	(1.50%)
Income/loss inclusions of U.S. foreign subsidiaries	0.90%	(216.50%)	2.10%
Non-deductible executive compensation	0.20%	(9.20%)	(0.30%)
Non-deductible acquisition related costs	0%	(15.00%)	(3.00%)
Foreign exchange gain/loss	0.10%	174.10%	(0.20%)
Impairment loss	2.10%	(60.80%)	0%
Return to provision adjustments	0.30%	26.90%	0%
U.S. valuation allowance release	(96.30%)	0%	0%
Internal Restructuring	(44.40%)	0%	0%
Non-deductible penalties	2.60%	0%	0%
Total	(111.20%)	27.50%	2.20%

INCOME TAXES - Tax Effects of T

INCOME TAXES - Tax Effects of Temporary Differences and Related Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Deferred tax assets:
Capitalized costs & research and development capitalization	$ 886,474	$ 552,731
Accrued expenses	122,470	173,556
Net operating loss carryforwards	388,199	935,289
Tax credit carryforwards	485,266	529,314
Share-based compensation	34,979	45,153
Intangible and other assets	375,316	0
Other	105,976	61,489
Operating lease liability	81,885	85,154
Cryptocurrency investment	0	0
Deferred consideration	9,192	6,943
Convertible notes	18,339	33,952
Total deferred tax assets	2,508,096	2,423,581
Valuation allowance	(646,223)	(2,001,438)
Total deferred tax assets, net of valuation allowance	1,861,873	422,143
Deferred tax liabilities:
Intangible and other assets	0	(332,512)
Unrealized gain on investments	(36,582)	(25,618)
Operating lease right-of-use asset	(52,849)	(60,600)
Cryptocurrency investment	(133,883)	(29,711)
Total deferred tax liabilities	(223,314)	(448,441)
Net deferred tax assets	1,638,559
Net deferred tax liabilities		(26,298)
Deferred tax assets (Note 15)	1,800,994	9,397
Deferred tax liabilities	$ (162,435)	$ (35,695)

INCOME TAXES - Narrative (Detai

INCOME TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2024		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Deferred tax asset, IRC 197	$ 376,000	$ 376,000
Deferred tax asset, additional tax amortizable generated from integration	226,000	226,000
Tax benefit	1,300,000	1,509,343	[1]	$ 8,019	[1]	$ 12,312	[1]
Increase (decrease) in valuation allowance		(1,400,000)		98,900
Reduction in tax loss carryover	140,000
Unrecognized tax benefits	633,589	633,589		465,103		506,512		$ 448,392
Unrecognized tax benefit that would impact annual effective tax rate	107,500	107,500
Total accrued interest and penalties related to uncertain tax positions		23,800		$ 22,100		$ 9,100
Undistributed earnings of non-U.S. subsidiaries	$ 125,400	$ 125,400
IRC 197 Intangible
Operating Loss Carryforwards [Line Items]
Weighted Average Estimated Useful Life	15 years	15 years
Federal
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	$ 669,000	$ 669,000
Federal | Research Tax Credit Carryforward
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	427,400	427,400
State
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	3,800,000	3,800,000
State | Research Tax Credit Carryforward
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	316,800	316,800
Foreign
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards	767,500	767,500
Foreign | Research Tax Credit Carryforward
Operating Loss Carryforwards [Line Items]
Tax credit carryforward	47,300	47,300
Maximum | Tax examinations or lapse of applicable statute of limitations
Operating Loss Carryforwards [Line Items]
Reasonably possible decrease in unrecognized tax benefits	$ 23,800	$ 23,800
[1] Includes one-time benefits from income taxes of $1.9 billion in fiscal 2024 related to both the release of the Company's valuation allowance associated with certain federal and state deferred tax assets as well as the recognition of deferred tax assets as part of internal legal entity restructuring efforts. Refer to Note 15, Income Taxes within the Notes to the Consolidated Financial Statements for further details.

INCOME TAXES - Reconciliation_2

INCOME TAXES - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Unrecognized Tax Benefits [Roll Forward]
Unrecognized tax benefit, beginning of the period	$ 465,103	$ 506,512	$ 448,392
Gross increases related to prior period tax positions	34,050		5,431
Gross decreases related to prior period tax positions		(7,348)
Gross increases related to current period tax positions	139,217		30,988
Gross decreases related to current period tax positions		(30,063)
Reductions related to lapse of statute of limitations	(4,781)	(3,998)	(2,950)
Gross increases related to acquisitions	0	0	24,651
Unrecognized tax benefit, end of the period	$ 633,589	$ 465,103	$ 506,512

STOCKHOLDERS' EQUITY - Common S

STOCKHOLDERS' EQUITY - Common Stock, Warrants, Conversion of Convertible Notes and Exercise of Convertible Note Hedges and Share Repurchase Program Narrative (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024 USD ($) vote class shares	Dec. 31, 2023 USD ($) shares	Jul. 25, 2024 USD ($)	Oct. 31, 2023 USD ($)	Nov. 13, 2020 $ / shares shares	Mar. 05, 2020 $ / shares shares
Class of Stock [Line Items]
Number of classes of common stock | class	2
Aggregate amount on stock repurchased | $	$ 1,170,339	$ 156,812
Remaining authorized repurchase amount | $	$ 2,700,000
Common Stock
Class of Stock [Line Items]
Number of stock repurchased (in shares)	16,944,000	2,466,000
Common Stock Warrant, 2025 Notes
Class of Stock [Line Items]
Outstanding warrants to purchase aggregate shares of capital stock (in shares)						8,260,000
Exercise price of warrants (in USD per share) | $ / shares						$ 161.34
Warrants term	60 days
Number of warrants exercised (in shares)	0
Common Stock Warrant, 2026 Notes
Class of Stock [Line Items]
Outstanding warrants to purchase aggregate shares of capital stock (in shares)					1,900,000
Exercise price of warrants (in USD per share) | $ / shares					$ 368.16
Warrants term	60 days
Number of warrants exercised (in shares)	0
Common Stock Warrant, 2027 Notes
Class of Stock [Line Items]
Outstanding warrants to purchase aggregate shares of capital stock (in shares)					1,900,000
Exercise price of warrants (in USD per share) | $ / shares					$ 414.18
Warrants term	60 days
Number of warrants exercised (in shares)	0
Class A Common Stock
Class of Stock [Line Items]
Number of votes per share | vote	1
Number of stock repurchased (in shares)	16,900,000
Aggregate amount on stock repurchased | $	$ 1,200,000
Class A Common Stock | Common Stock
Class of Stock [Line Items]
Authorized repurchase amount | $			$ 3,000,000	$ 1,000,000
Class B Common Stock
Class of Stock [Line Items]
Number of votes per share | vote	10

STOCKHOLDERS' EQUITY - Stock Pl

STOCKHOLDERS' EQUITY - Stock Plans and Share Based Compensation Narrative (Details) $ / shares in Units, $ in Thousands			12 Months Ended			109 Months Ended
	Nov. 02, 2019	Nov. 17, 2015 purchase_period shares	Dec. 31, 2024 USD ($) plan $ / shares shares	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2024 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of share-based compensation plans | plan			2
Aggregate intrinsic value for options exercised | $			$ 145,100	$ 96,100	$ 211,000
Weighted average grant-date fair value of options granted (in USD per share) | $ / shares			$ 45.81	$ 39.13	$ 73.31
Tax benefits related to stock-based compensation expense | $			$ 322,000	$ 228,200	$ 218,900
Share-based compensation expense | $			1,272,557	1,276,097	1,069,289
Share-based compensation expense related to capitalized software | $			41,200	30,900	20,700
Unrecognized compensation cost related to outstanding stock options and restricted stock awards | $			$ 2,600,000			$ 2,600,000
Unrecognized compensation cost related to outstanding stock options and restricted stock awards, recognition period			3 years
Afterpay Limited
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Acquisition cost expensed | $				66,300
Restricted Stock Awards (RSAs) and Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total fair value of shares vested | $			$ 1,200,000	873,000	724,200
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expense | $			$ 25,000	$ 63,300	$ 61,400
2015 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future issuance (in shares)			138,000,000			138,000,000
Number of shares reserved (in shares)		30,000,000
Shares reserved for issuance, percent			5%
2015 Equity Incentive Plan | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual increase of number of shares reserved (in shares)			40,000,000			40,000,000
2015 Equity Incentive Plan | Stock options, RSAs, and RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of equity instruments outstanding (in shares)			39,000,000			39,000,000
2009 Stock Option Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of 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]
Number of equity instruments outstanding (in shares)			300,000			300,000
2015 Employee Stock Purchase Plan | Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for future issuance (in shares)			34,000,000			34,000,000
Shares reserved for issuance, percent		1%
Discount through payroll deductions as a percentage of eligible compensation	25%
Offering period		12 months
Number of purchase periods | purchase_period		2
Purchase price of common stock as a percentage of fair market value		85%
Shares purchased under the plan (in shares)						11,000,000
2015 Employee Stock Purchase Plan | Employee Stock Purchase Plan | Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Annual increase of number of shares reserved (in shares)		8,400,000

STOCKHOLDERS' EQUITY - Summary

STOCKHOLDERS' EQUITY - Summary of Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Number of Stock Options Outstanding
Outstanding, beginning of the period (in shares)	4,991
Granted (in shares)	578
Exercised (in shares)	(2,646)
Forfeited (in shares)	(249)
Expired (in shares)	(96)
Outstanding, end of the period (in shares)	2,578	4,991
Weighted Average Exercise Price
Outstanding, beginning of the period (in USD per share)	$ 47.64
Granted (in USD per share)	74.03
Exercised (in USD per share)	23.14
Forfeited (in USD per share)	78.73
Expired (in USD per share)	142.49
Outstanding, end of the period (in USD per share)	$ 72.17	$ 47.64
Additional Disclosures
Weighted Average Remaining Contractual Term (in years)	5 years 1 month 9 days	3 years 9 months 18 days
Aggregate Intrinsic Value	$ 67,966	$ 195,760
Options exercisable, number of stock options outstanding (in shares)	1,952
Options exercisable, weighted average exercise price (in USD per share)	$ 70
Options exercisable, weighted average remaining contractual term (in years)	3 years 11 months 12 days
Options exercisable, aggregate intrinsic value	$ 60,701

STOCKHOLDERS' EQUITY - Restrict

STOCKHOLDERS' EQUITY - Restricted Stock Awards and Restricted Stock Units Activity (Details) - Restricted Stock Awards (RSAs) and Restricted Stock Units (RSUs)	12 Months Ended
	Dec. 31, 2024 $ / shares shares
Number of Shares
Unvested, beginning of the period (in shares) | shares	40,099
Granted (in shares) | shares	22,328
Vested (in shares) | shares	(16,223)
Forfeited (in shares) | shares	(9,125)
Unvested, end of the period (in shares) | shares	37,079
Weighted Average Grant Date Fair Value
Unvested, beginning of the period (in USD per share) | $ / shares	$ 74.76
Granted (in USD per share) | $ / shares	71.26
Vested (in USD per share) | $ / shares	79.90
Forfeited (in USD per share) | $ / shares	74.32
Unvested, end of the period (in USD per share) | $ / shares	$ 70.51

STOCKHOLDERS' EQUITY - Stock Op

STOCKHOLDERS' EQUITY - Stock Options Fair Value Assumptions (Details) - Options	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Dividend yield	0%	0%	0%
Risk-free interest rate	4.65%	3.48%	3.08%
Expected volatility	62.92%	62.32%	59.20%
Expected term (years)	6 years 7 days	6 years 7 days	6 years 7 days

STOCKHOLDERS' EQUITY - Effects

STOCKHOLDERS' EQUITY - Effects of Share-Based Compensation on Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ 1,272,557	$ 1,276,097	$ 1,069,289
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	707	601	494
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	903,262	902,130	701,715
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	131,233	130,665	105,231
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation expense	$ 237,355	$ 242,701	$ 261,849

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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Numerator
Net income (loss) attributable to common stockholders	$ 2,897,047	$ 9,772	$ (540,747)
Denominator
Shares used to compute basic net income (loss) per share (in shares)	616,993	608,856	578,949
Basic net income (loss) per share (in USD per share)	$ 4.70	$ 0.02	$ (0.93)
Numerator
Net income (loss) attributable to common stockholders, diluted	$ 2,897,047	$ 9,772	$ (540,747)
Interest expense on convertible notes	6,216	0	0
Net income (loss) used to compute diluted net income (loss) per share	$ 2,903,263	$ 9,772	$ (540,747)
Denominator
Shares used to compute basic net income (loss) per share (in shares)	616,993	608,856	578,949
Stock options, restricted stock, and employee stock purchase plan (in shares)	7,289	5,168	0
Convertible notes (in shares)	12,108	0	0
Shares used to compute diluted net income (loss) per share (in shares)	636,390	614,024	578,949
Diluted net income (loss) per share (in USD per share)	$ 4.56	$ 0.02	$ (0.93)

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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	49,795	74,971	83,913
Stock options, restricted stock, and employee stock purchase plan
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	37,687	40,431	32,185
Convertible notes
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	14,297	18,029
Common stock warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	12,108	20,243	33,699

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) $ in Thousands	1 Months Ended
	Jul. 31, 2019 renewal_options	Dec. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Related Party Transaction [Line Items]
Operating lease right-of-use assets		$ 219,954	$ 244,701
Operating lease liabilities		331,258
Related Party | Operating Lease Agreement
Related Party Transaction [Line Items]
Operating lease term	15 years 6 months
Operating lease, number of renewal options | renewal_options	2
Operating lease renewal term	5 years
Operating lease right-of-use assets		10,400
Operating lease liabilities		$ 15,800

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) - USD ($)	1 Months Ended	12 Months Ended
	Jan. 31, 2025	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Finance lease obligation		$ 0
Total rental expenses for operating leases		52,100,000	$ 75,800,000	$ 93,600,000
Subsequent Event
Lessee, Lease, Description [Line Items]
Incremental tax payment resulting from audit	$ 71,400,000
Subsequent Event | Settled Litigation | Consumer Financial Protection Bureau - Cash App Customers
Lessee, Lease, Description [Line Items]
Payments for Legal Settlements	55,000,000
Subsequent Event | Settled Litigation | MTL Regulators - Anti Money Laundering Program
Lessee, Lease, Description [Line Items]
Litigation Settlement, Fee Expense	80,000,000
Minimum
Lessee, Lease, Description [Line Items]
Estimate of possible liability for additional taxes, interest and penalties		0
Minimum | Subsequent Event | Settled Litigation | Consumer Financial Protection Bureau - Cash App Customers
Lessee, Lease, Description [Line Items]
Litigation Settlement, Amount Awarded to Other Party	75,000,000
Maximum
Lessee, Lease, Description [Line Items]
Estimate of possible liability for additional taxes, interest and penalties		$ 97,000,000
Maximum | Subsequent Event | Settled Litigation | Consumer Financial Protection Bureau - Cash App Customers
Lessee, Lease, Description [Line Items]
Litigation Settlement, Amount Awarded to Other Party	$ 120,000,000
Building
Lessee, Lease, Description [Line Items]
Operating lease renewal term		5 years
Building | Minimum
Lessee, Lease, Description [Line Items]
Operating lease term		1 year
Building | Maximum
Lessee, Lease, Description [Line Items]
Operating lease term		12 years

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Lease Expense Components (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Fixed operating lease costs	$ 57,232	$ 77,659
Variable operating lease costs	22,344	22,555
Short-term lease costs	1,939	3,332
Sublease income	(1,119)	(11,933)
Total lease costs	$ 80,396	$ 91,613

COMMITMENTS AND CONTINGENCIES_3

COMMITMENTS AND CONTINGENCIES - Other Information Related to Leases (Details)	Dec. 31, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Weighted-average remaining lease term	6 years 2 months 12 days	7 years
Weighted-average discount rate	3.75%	3.62%

COMMITMENTS AND CONTINGENCIES_4

COMMITMENTS AND CONTINGENCIES - Cash Flows Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Payments for operating lease liabilities	$ (74,129)	$ (93,890)
Supplemental cash flow data:
Right-of-use assets obtained in exchange for operating lease obligations	$ 36,976	$ 7,106	$ 39,324

COMMITMENTS AND CONTINGENCIES_5

COMMITMENTS AND CONTINGENCIES - Future Minimum Lease Payments Under Non-Cancelable Operating Leases (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 65,306
2026	63,169
2027	58,422
2028	54,115
2029	48,153
Thereafter	85,662
Total	374,827
Less: Amount representing interest	40,927
Less: Lease incentives	2,642
Operating lease liabilities	$ 331,258

COMMITMENTS AND CONTINGENCIES_6

COMMITMENTS AND CONTINGENCIES - Future Minimum Payments under the Purchase Commitments (Details) $ in Thousands	Dec. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2025	$ 345,622
2026	263,300
2027	315,100
Total	$ 924,022

SEGMENT AND GEOGRAPHICAL INFO_3

SEGMENT AND GEOGRAPHICAL INFORMATION - Narrative (Details)	12 Months Ended
	Dec. 31, 2024 segment
Segment Reporting [Abstract]
Number of reportable segments	2

SEGMENT AND GEOGRAPHICAL INFO_4

SEGMENT AND GEOGRAPHICAL INFORMATION - Segment Reporting Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information [Line Items]
Revenue	$ 24,121,053	$ 21,915,623	$ 17,531,587
Cost of Revenue	15,232,017	14,410,737	11,539,695
Gross profit	8,889,036	7,504,886	5,991,892
Interest income	222,022	170,233	30,219
Amortization	68,364	72,829	70,194
Operating Segments
Segment Reporting Information [Line Items]
Gross profit	8,889,036	7,504,886	5,991,892
Corporate and Other
Segment Reporting Information [Line Items]
Revenue	191,517	200,553	205,646
Cost of Revenue	140,404	147,784	165,699
Gross profit	51,113	52,769	39,947
Interest income	0	0	0
Amortization	5,295	6,062	5,800
Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	16,247,880	14,681,686	11,031,804
Cost of Revenue	11,008,869	10,358,223	7,786,760
Gross profit	5,239,011	4,323,463	3,245,044
Interest income	185,185	142,222	29,026
Amortization	55,343	56,135	53,900
Square | Operating Segments
Segment Reporting Information [Line Items]
Revenue	7,681,656	7,033,384	6,294,137
Cost of Revenue	4,082,744	3,904,730	3,587,236
Gross profit	3,598,912	3,128,654	2,706,901
Interest income	36,837	28,011	1,193
Amortization	7,726	10,632	10,494
Transaction-based revenue
Segment Reporting Information [Line Items]
Revenue	6,613,680	6,315,301	5,701,540
Revenue	6,613,680	6,315,301	5,701,540
Transaction-based revenue | Corporate and Other
Segment Reporting Information [Line Items]
Revenue	0	0	0
Transaction-based revenue | Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	352,699	498,176	466,171
Transaction-based revenue | Square | Operating Segments
Segment Reporting Information [Line Items]
Revenue	6,260,981	5,817,125	5,235,369
Subscription and services-based revenue
Segment Reporting Information [Line Items]
Revenue	4,865,389	4,319,825	3,385,784
Revenue	7,164,799	5,944,842	4,552,773
Subscription and services-based revenue | Corporate and Other
Segment Reporting Information [Line Items]
Revenue	189,890	200,553	205,646
Subscription and services-based revenue | Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	5,695,976	4,685,208	3,452,777
Subscription and services-based revenue | Square | Operating Segments
Segment Reporting Information [Line Items]
Revenue	1,278,933	1,059,081	894,350
Hardware revenue
Segment Reporting Information [Line Items]
Revenue	143,369	157,178	164,418
Revenue	143,369	157,178	164,418
Hardware revenue | Corporate and Other
Segment Reporting Information [Line Items]
Revenue	1,627	0	0
Hardware revenue | Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	0	0	0
Hardware revenue | Square | Operating Segments
Segment Reporting Information [Line Items]
Revenue	141,742	157,178	164,418
Bitcoin revenue
Segment Reporting Information [Line Items]
Revenue	10,199,205	9,498,302	7,112,856
Revenue	10,199,205	9,498,302	7,112,856
Bitcoin revenue | Corporate and Other
Segment Reporting Information [Line Items]
Revenue	0	0	0
Bitcoin revenue | Cash App | Operating Segments
Segment Reporting Information [Line Items]
Revenue	10,199,205	9,498,302	7,112,856
Bitcoin revenue | Square | Operating Segments
Segment Reporting Information [Line Items]
Revenue	$ 0	$ 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	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Gross profit	$ 8,889,036	$ 7,504,886	$ 5,991,892
Less: Product development	2,914,415	2,720,819	2,135,612
Less: Sales and marketing	1,984,265	2,019,009	2,057,951
Less: General and administrative	2,149,099	2,209,190	1,686,849
Less: Transaction, loan, and consumer receivable losses	794,221	660,663	550,683
Less: Bitcoin impairment losses	0	0	46,571
Less: Amortization of customer and other intangible assets	154,709	174,044	138,758
Less: Interest expense (income), net	9,302	(47,221)	36,228
Less: Remeasurement gain on bitcoin investment	(420,918)	(207,084)	0
Less: Other expense (income), net	(53,211)	4,609	(95,443)
Income (loss) before income tax	1,357,154	(29,143)	(565,317)
Operating Segments
Segment Reporting, Reconciling Item for Operating Profit (Loss) from Segment to Consolidated [Line Items]
Gross profit	$ 8,889,036	$ 7,504,886	$ 5,991,892

SEGMENT AND GEOGRAPHICAL INFO_6

SEGMENT AND GEOGRAPHICAL INFORMATION - Revenue by Geographic Area (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 24,121,053	$ 21,915,623	$ 17,531,587
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	22,351,832	20,416,462	16,314,769
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenue	$ 1,769,221	$ 1,499,161	$ 1,216,818

SEGMENT AND GEOGRAPHICAL INFO_7

SEGMENT AND GEOGRAPHICAL INFORMATION - Long-Lived Assets by Geographic Area (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 13,384,875	$ 14,221,998
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	7,435,117	7,570,973
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	1,790,529	1,889,490
Australia
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 4,159,229	$ 4,761,535

SUPPLEMENTAL CASH FLOW INFORM_3

SUPPLEMENTAL CASH FLOW INFORMATION - Supplemental Cash Flow Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Supplemental Cash Flow Data:
Cash paid for interest	$ 205,776	$ 130,009	$ 84,876
Cash paid for income taxes	270,314	81,376	39,045
Supplemental disclosures of non-cash investing and financing activities:
Unsettled originations of consumer receivables	180,443	261,151	160,413
Right-of-use assets obtained in exchange for operating lease obligations	36,976	7,106	39,324
Purchases of property and equipment in accounts payable and accrued expenses	3,266	3,921	5,212
Deferred purchase consideration related to business combinations	0	2,550	14,377
Fair value of common stock issued related to business combinations	0	(6,658)	(13,827,929)
Fair value of common stock issued to settle the conversion of convertible notes	0	0	(2,523)
Fair value of shares received to settle convertible note hedges	0	0	133,144
Fair value of common stock issued in connection with the exercise of common stock warrants	0	0	(806,446)
Bitcoin lent to third-party borrowers	$ 0	$ 0	$ 5,934