Block, Inc.(NYSE:XYZ)

Square, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments; also provide reporting and analytics, and next-day settlement. It provides hardware products, including Magstripe reader, which enables swiped transactions of magnetic stripe cards; Contactless ...
Website: http://www.squareup.com
Founded: 2009
IPO Price: $9 (Nov 19, 2015)
Full Time Employees: 12,428 (Dec 2022)
CEO / Founder: Jack Dorsey
Sector: Technology
Industry: Software-Infrastructure
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Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 |
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revenue: | ||||||||||||||||||||||||||||||||||||||||
transaction-based revenue | 1,873,477,000 | 1,817,398,000 | 1,550,731,000 | 1,677,083,000 | 1,712,421,000 | 1,712,967,000 | 1,511,209,000 | 1,596,274,000 | 1,658,668,000 | 1,637,654,000 | 1,422,705,000 | 1,474,974,000 | 1,517,890,000 | 1,475,707,000 | 1,232,969,000 | 1,308,901,000 | 1,297,040,000 | 1,227,472,000 | 959,733,000 | 929,011,000 | 925,294,000 | 682,572,000 | 758,101,000 | 832,180,000 | 816,622,000 | 775,510,000 | 656,762,000 | 667,802,000 | 655,384,000 | 625,228,000 | 523,037,000 | 524,612,000 | 510,019,000 | 482,065,000 | 403,478,000 | |||||
subscription and services-based revenue | 2,204,889,000 | 2,052,604,000 | 1,890,973,000 | 1,896,679,000 | 1,797,933,000 | 1,787,893,000 | 1,682,294,000 | 1,624,221,000 | 1,492,900,000 | 1,461,497,000 | 1,366,224,000 | 1,306,849,000 | 1,191,511,000 | 1,094,856,000 | 959,557,000 | 772,102,000 | 694,770,000 | 685,178,000 | 557,681,000 | 449,371,000 | 447,522,000 | 346,275,000 | 296,235,000 | 281,415,000 | 279,801,000 | 251,383,000 | 218,857,000 | 194,117,000 | 166,203,000 | 134,332,000 | 97,054,000 | 79,402,000 | 65,051,000 | 59,151,000 | 49,060,000 | -924,313,000 | 388,347,000 | 364,864,000 | 300,453,000 | |
hardware revenue | 70,192,000 | 40,423,000 | 28,690,000 | 31,069,000 | 36,839,000 | 42,960,000 | 32,501,000 | 32,464,000 | 42,341,000 | 44,922,000 | 37,451,000 | 35,653,000 | 43,388,000 | 48,051,000 | 37,326,000 | 35,910,000 | 37,255,000 | 43,726,000 | 28,788,000 | 24,363,000 | 27,294,000 | 19,322,000 | 20,675,000 | 22,267,000 | 21,766,000 | 22,260,000 | 18,212,000 | 18,166,000 | 17,558,000 | 18,362,000 | 14,417,000 | 12,021,000 | 10,089,000 | 10,289,000 | 9,016,000 | 8,869,000 | 8,171,000 | 11,085,000 | 16,182,000 | |
bitcoin revenue | 1,966,394,000 | 2,144,032,000 | 2,301,402,000 | 2,427,730,000 | 2,428,608,000 | 2,611,743,000 | 2,731,124,000 | 2,520,083,000 | 2,423,584,000 | 2,390,884,000 | 2,163,751,000 | 1,833,426,000 | 1,762,752,000 | 1,785,885,000 | 1,730,793,000 | 1,961,621,000 | 1,815,662,000 | 2,724,296,000 | 3,511,068,000 | 1,756,225,000 | 1,633,764,000 | 875,456,000 | 306,098,000 | 177,567,000 | 148,285,000 | 125,085,000 | 65,528,000 | 52,443,000 | 42,963,000 | 37,016,000 | 34,095,000 | |||||||||
total net revenue | 6,114,952,000 | 6,054,457,000 | 5,771,796,000 | 6,032,561,000 | 5,975,801,000 | 6,155,563,000 | 5,957,128,000 | 5,773,042,000 | 5,617,493,000 | 5,534,957,000 | 4,990,131,000 | 4,650,902,000 | 4,515,541,000 | 4,404,499,000 | 3,960,645,000 | 4,078,534,000 | 3,844,727,000 | 4,680,672,000 | 5,057,270,000 | 3,158,970,000 | 3,033,874,000 | 1,923,625,000 | 1,381,109,000 | 1,313,429,000 | 1,266,474,000 | 1,174,238,000 | 959,359,000 | 932,528,000 | 882,108,000 | 814,938,000 | 668,603,000 | 616,035,000 | 585,159,000 | 551,505,000 | 461,554,000 | 451,917,000 | 439,002,000 | 438,533,000 | 379,269,000 | |
yoy | 2.33% | -1.64% | -3.11% | 4.50% | 6.38% | 11.21% | 19.38% | 24.13% | 24.40% | 25.67% | 25.99% | 14.03% | 17.45% | -5.90% | -21.68% | 29.11% | 26.73% | 143.33% | 266.17% | 140.51% | 139.55% | 63.82% | 43.96% | 40.85% | 43.57% | 44.09% | 43.49% | 51.38% | 50.75% | 47.77% | 44.86% | 36.32% | 33.29% | 25.76% | 21.70% | |||||
qoq | 1.00% | 4.90% | -4.32% | 0.95% | -2.92% | 3.33% | 3.19% | 2.77% | 1.49% | 10.92% | 7.29% | 3.00% | 2.52% | 11.21% | -2.89% | 6.08% | -17.86% | -7.45% | 60.09% | 4.12% | 57.72% | 39.28% | 5.15% | 3.71% | 7.85% | 22.40% | 2.88% | 5.72% | 8.24% | 21.89% | 8.53% | 5.28% | 6.10% | 19.49% | 2.13% | 2.94% | 0.11% | 15.63% | ||
cost of revenue: | ||||||||||||||||||||||||||||||||||||||||
transaction-based costs | 1,141,900,000 | 1,066,028,000 | 903,822,000 | 996,317,000 | 1,011,476,000 | 1,000,055,000 | 873,165,000 | 946,048,000 | 984,658,000 | 950,523,000 | 820,787,000 | 870,040,000 | 901,990,000 | 875,762,000 | 718,700,000 | 763,548,000 | 754,276,000 | 684,839,000 | 524,280,000 | 535,283,000 | 522,680,000 | 388,106,000 | 465,779,000 | 519,241,000 | 519,312,000 | 490,349,000 | 409,069,000 | 420,846,000 | 414,456,000 | 395,349,000 | 327,911,000 | 333,377,000 | 328,043,000 | 311,092,000 | 257,778,000 | |||||
subscription and services-based costs | 299,554,000 | 298,069,000 | 275,048,000 | 303,058,000 | 271,286,000 | 291,801,000 | 269,668,000 | 272,552,000 | 259,262,000 | 279,223,000 | 264,092,000 | 239,714,000 | 225,903,000 | 213,271,000 | 195,862,000 | 149,617,000 | 132,046,000 | 123,725,000 | 88,572,000 | 65,046,000 | 66,786,000 | 50,169,000 | 40,711,000 | 50,276,000 | 63,352,000 | 60,119,000 | 60,523,000 | 52,654,000 | 47,078,000 | 39,784,000 | 30,368,000 | 24,559,000 | 18,169,000 | 17,116,000 | 15,876,000 | |||||
hardware costs | 103,304,000 | 76,548,000 | 52,534,000 | 55,256,000 | 62,091,000 | 68,309,000 | 50,785,000 | 56,442,000 | 78,338,000 | 74,085,000 | 58,785,000 | 63,835,000 | 76,002,000 | 83,494,000 | 63,664,000 | 68,150,000 | 51,150,000 | 61,403,000 | 40,482,000 | 35,994,000 | 45,220,000 | 28,315,000 | 34,372,000 | 40,504,000 | 35,672,000 | 33,268,000 | 26,941,000 | 25,647,000 | 23,229,000 | 25,536,000 | 19,702,000 | 16,783,000 | 18,775,000 | 14,173,000 | 12,662,000 | 12,118,000 | 15,689,000 | 14,015,000 | 26,740,000 | |
bitcoin costs | 1,894,767,000 | 2,062,878,000 | 2,236,115,000 | 2,350,970,000 | 2,364,077,000 | 2,544,329,000 | 2,651,010,000 | 2,454,199,000 | 2,378,906,000 | 2,346,633,000 | 2,113,375,000 | 1,798,798,000 | 1,726,051,000 | 1,744,425,000 | 1,687,459,000 | 1,915,176,000 | 1,774,040,000 | 2,669,641,000 | 3,436,135,000 | 1,715,452,000 | 1,601,615,000 | 858,041,000 | 299,426,000 | 174,438,000 | 146,167,000 | 122,938,000 | 64,696,000 | 51,951,000 | 42,408,000 | 36,596,000 | 33,872,000 | |||||||||
amortization of acquired technology assets | 13,857,000 | 14,404,000 | 14,674,000 | 15,562,000 | 17,186,000 | 17,589,000 | 18,027,000 | 18,049,000 | 17,880,000 | 18,392,000 | 18,508,000 | 18,320,000 | 18,506,000 | 17,899,000 | 4,300,000 | 3,505,000 | 3,118,000 | 2,231,000 | 2,320,000 | 1,921,000 | 1,934,000 | 1,719,000 | 1,376,000 | 1,376,000 | 2,277,000 | 1,857,000 | 1,580,000 | 1,486,000 | 1,556,000 | 1,695,000 | 1,807,000 | 1,886,000 | 1,886,000 | 1,886,000 | 2,370,000 | |||||
total cost of revenue | 3,453,382,000 | 3,517,927,000 | 3,482,193,000 | 3,721,163,000 | 3,726,116,000 | 3,922,083,000 | 3,862,655,000 | 3,747,290,000 | 3,719,044,000 | 3,668,856,000 | 3,275,547,000 | 2,990,707,000 | 2,948,452,000 | 2,934,851,000 | 2,665,685,000 | 2,896,491,000 | 2,711,512,000 | 3,539,608,000 | 4,093,769,000 | 2,355,280,000 | 2,239,419,000 | 1,326,862,000 | 842,608,000 | 786,380,000 | 766,437,000 | 708,393,000 | 562,605,000 | 552,474,000 | 529,448,000 | 499,122,000 | 413,433,000 | 376,205,000 | 366,543,000 | 344,076,000 | 288,123,000 | 285,392,000 | 288,688,000 | 289,574,000 | 269,029,000 | |
gross profit | 2,661,570,000 | 2,536,530,000 | 2,289,603,000 | 2,311,398,000 | 2,249,685,000 | 2,233,480,000 | 2,094,473,000 | 2,025,752,000 | 1,898,449,000 | 1,866,101,000 | 1,714,584,000 | 1,660,195,000 | 1,567,089,000 | 1,469,648,000 | 1,294,960,000 | 1,182,043,000 | 1,133,215,000 | 1,141,064,000 | 963,501,000 | 803,690,000 | 794,455,000 | 596,763,000 | 538,501,000 | 527,049,000 | 500,037,000 | 465,845,000 | 396,754,000 | 380,054,000 | 352,660,000 | 315,816,000 | 255,170,000 | 239,830,000 | 218,616,000 | 207,429,000 | 173,431,000 | 166,525,000 | 150,314,000 | 148,959,000 | 110,240,000 | |
yoy | 18.31% | 13.57% | 9.32% | 14.10% | 18.50% | 19.69% | 22.16% | 22.02% | 21.14% | 26.98% | 32.40% | 40.45% | 38.29% | 28.80% | 34.40% | 47.08% | 42.64% | 91.21% | 78.92% | 52.49% | 58.88% | 28.10% | 35.73% | 38.68% | 41.79% | 47.51% | 55.49% | 58.47% | 61.31% | 52.25% | 47.13% | 44.02% | 45.44% | 39.25% | 57.32% | |||||
qoq | 4.93% | 10.78% | -0.94% | 2.74% | 0.73% | 6.64% | 3.39% | 6.71% | 1.73% | 8.84% | 3.28% | 5.94% | 6.63% | 13.49% | 9.55% | 4.31% | -0.69% | 18.43% | 19.88% | 1.16% | 33.13% | 10.82% | 2.17% | 5.40% | 7.34% | 17.41% | 4.39% | 7.77% | 11.67% | 23.77% | 6.40% | 9.70% | 5.39% | 19.60% | 4.15% | 10.78% | 0.91% | 35.12% | ||
gross margin % | 43.53% | 41.90% | 39.67% | 38.32% | 37.65% | 36.28% | 35.16% | 35.09% | 33.80% | 33.71% | 34.36% | 35.70% | 34.70% | 33.37% | 32.70% | 28.98% | 29.47% | 24.38% | 19.05% | 25.44% | 26.19% | 31.02% | 38.99% | 40.13% | 39.48% | 39.67% | 41.36% | 40.76% | 39.98% | 38.75% | 38.16% | 38.93% | 37.36% | 37.61% | 37.58% | 36.85% | 34.24% | 33.97% | 29.07% | |
operating expenses: | ||||||||||||||||||||||||||||||||||||||||
product development | 711,235,000 | 725,288,000 | 760,699,000 | 769,695,000 | 710,983,000 | 713,163,000 | 720,574,000 | 685,422,000 | 713,788,000 | 694,672,000 | 626,937,000 | 604,524,000 | 548,037,000 | 524,827,000 | 484,761,000 | 395,841,000 | 366,587,000 | 326,510,000 | 308,678,000 | 253,448,000 | 226,567,000 | 206,825,000 | 194,986,000 | 173,284,000 | 168,771,000 | 174,201,000 | 153,559,000 | 141,811,000 | 135,773,000 | 114,800,000 | 105,095,000 | 92,633,000 | 82,547,000 | 78,126,000 | 68,582,000 | 64,889,000 | 70,418,000 | 68,638,000 | 64,592,000 | |
sales and marketing | 599,333,000 | 549,731,000 | 504,460,000 | 521,063,000 | 511,755,000 | 507,562,000 | 443,885,000 | 506,010,000 | 479,381,000 | 537,607,000 | 496,011,000 | 539,724,000 | 485,838,000 | 530,827,000 | 501,562,000 | 484,778,000 | 407,850,000 | 375,101,000 | 349,460,000 | 328,576,000 | 348,463,000 | 238,096,000 | 194,535,000 | 185,231,000 | 149,467,000 | 156,421,000 | 133,713,000 | 119,305,000 | 116,337,000 | 98,243,000 | 77,266,000 | 76,821,000 | 66,533,000 | 59,916,000 | 49,900,000 | 49,406,000 | 46,754,000 | 39,220,000 | 38,496,000 | |
general and administrative | 543,974,000 | 449,237,000 | 491,797,000 | 728,416,000 | 475,855,000 | 473,568,000 | 471,260,000 | 746,187,000 | 480,885,000 | 549,293,000 | 432,825,000 | 451,543,000 | 395,437,000 | 395,720,000 | 444,276,000 | 298,921,000 | 267,476,000 | 221,020,000 | 195,909,000 | 159,420,000 | 153,902,000 | 136,386,000 | 129,495,000 | 118,164,000 | 115,980,000 | 100,508,000 | 101,598,000 | 95,445,000 | 85,527,000 | 82,772,000 | 75,501,000 | 66,318,000 | 64,312,000 | 62,988,000 | 56,935,000 | 53,027,000 | 52,075,000 | 50,784,000 | 96,107,000 | |
transaction, loan, and consumer receivable losses | 363,455,000 | 294,090,000 | 169,689,000 | 244,618,000 | 192,062,000 | 191,812,000 | 165,729,000 | 175,658,000 | 177,338,000 | 179,771,000 | 127,896,000 | 155,250,000 | 147,586,000 | 156,697,000 | 91,150,000 | |||||||||||||||||||||||||
amortization of customer and other acquired intangible assets | 34,133,000 | 33,891,000 | 33,656,000 | 34,593,000 | 36,021,000 | 40,813,000 | 43,282,000 | 43,127,000 | 56,965,000 | 36,865,000 | 37,087,000 | 35,344,000 | 37,361,000 | 39,389,000 | ||||||||||||||||||||||||||
total operating expenses | 2,252,130,000 | 2,052,237,000 | 1,960,301,000 | 2,298,385,000 | 1,926,676,000 | 1,926,918,000 | 1,844,730,000 | 2,156,404,000 | 1,908,357,000 | 1,998,208,000 | 1,720,756,000 | 1,795,376,000 | 1,615,878,000 | 1,683,421,000 | 1,521,749,000 | 1,236,657,000 | 1,110,219,000 | 1,016,070,000 | 895,765,000 | 758,507,000 | 745,113,000 | 619,815,000 | 628,789,000 | 509,701,000 | 467,943,000 | 466,688,000 | 418,796,000 | 383,162,000 | 362,527,000 | 318,463,000 | 276,162,000 | 252,839,000 | 233,507,000 | 219,653,000 | 187,513,000 | 180,503,000 | 182,296,000 | 176,319,000 | 207,373,000 | |
operating income | 409,440,000 | 484,293,000 | 329,302,000 | 13,013,000 | 323,009,000 | 306,562,000 | 249,743,000 | -130,652,000 | -9,908,000 | -132,107,000 | -6,172,000 | -135,181,000 | -48,789,000 | -213,773,000 | -226,789,000 | -54,614,000 | 22,996,000 | 124,994,000 | 67,736,000 | 45,183,000 | 49,342,000 | -23,052,000 | -90,288,000 | 17,348,000 | 32,094,000 | -843,000 | -22,042,000 | -3,108,000 | -9,867,000 | -2,647,000 | -20,992,000 | -13,009,000 | -14,891,000 | -12,224,000 | -14,082,000 | -13,978,000 | -31,982,000 | -27,360,000 | -97,133,000 | |
yoy | 26.76% | 57.98% | 31.86% | -109.96% | -3360.08% | -332.06% | -4146.39% | -3.35% | -79.69% | -38.20% | -97.28% | 147.52% | -312.16% | -271.03% | -434.81% | -220.87% | -53.39% | -642.23% | -175.02% | 160.45% | 53.74% | 2634.52% | 309.62% | -658.17% | -425.27% | -68.15% | 5.00% | -76.11% | -33.74% | -78.35% | 49.07% | -6.93% | -53.44% | -55.32% | -85.50% | |||||
qoq | -15.46% | 47.07% | 2430.56% | -95.97% | 5.36% | 22.75% | -291.15% | 1218.65% | -92.50% | 2040.42% | -95.43% | 177.07% | -77.18% | -5.74% | 315.26% | -337.49% | -81.60% | 84.53% | 49.91% | -8.43% | -314.05% | -74.47% | -620.45% | -45.95% | -3907.12% | -96.18% | 609.20% | -68.50% | 272.76% | -87.39% | 61.37% | -12.64% | 21.82% | -13.19% | 0.74% | -56.29% | 16.89% | -71.83% | ||
operating margin % | 6.70% | 8.00% | 5.71% | 0.22% | 5.41% | 4.98% | 4.19% | -2.26% | -0.18% | -2.39% | -0.12% | -2.91% | -1.08% | -4.85% | -5.73% | -1.34% | 0.60% | 2.67% | 1.34% | 1.43% | 1.63% | -1.20% | -6.54% | 1.32% | 2.53% | -0.07% | -2.30% | -0.33% | -1.12% | -0.32% | -3.14% | -2.11% | -2.54% | -2.22% | -3.05% | -3.09% | -7.29% | -6.24% | -25.61% | |
interest income | 34,652,000 | 23,687,000 | 17,243,000 | 16,107,000 | 13,811,000 | -1,871,000 | -18,745,000 | -18,701,000 | -21,415,000 | -3,944,000 | -3,161,000 | 1,472,000 | 6,042,000 | 12,966,000 | 15,748,000 | 12,998,000 | 13,409,000 | 6,464,000 | 253,000 | 17,988,000 | 14,980,000 | 14,769,000 | 9,206,000 | 6,060,000 | 5,632,000 | 5,143,000 | 4,681,000 | 5,176,000 | 7,224,000 | |||||||||||
remeasurement gain on bitcoin investment | -59,588,000 | -212,165,000 | 93,351,000 | |||||||||||||||||||||||||||||||||||||
other income | -167,150,000 | 13,389,000 | -8,342,000 | 140,030,000 | -14,949,000 | 59,532,000 | -237,824,000 | -217,963,000 | -4,262,000 | 1,379,000 | 18,371,000 | -24,407,000 | -18,798,000 | -18,766,000 | -33,472,000 | 6,775,000 | 12,011,000 | -75,788,000 | 27,528,000 | -271,212,000 | -784,000 | -25,591,000 | 5,862,000 | -6,715,000 | -5,541,000 | 1,230,000 | 11,299,000 | 19,439,000 | -37,800,000 | |||||||||||
income before income tax | 601,526,000 | 659,382,000 | 227,050,000 | 277,794,000 | 324,147,000 | 248,901,000 | 506,312,000 | 106,012,000 | 15,769,000 | -129,542,000 | -21,382,000 | -112,246,000 | -36,033,000 | -207,973,000 | -209,065,000 | -74,387,000 | -2,424,000 | 194,318,000 | 39,955,000 | 298,407,000 | 35,146,000 | -12,230,000 | -105,356,000 | 391,448,000 | 32,003,000 | -7,216,000 | -38,022,000 | -27,723,000 | 20,709,000 | -5,302,000 | -23,811,000 | -15,848,000 | -16,745,000 | -15,490,000 | -14,581,000 | -14,131,000 | -32,093,000 | -27,033,000 | -96,416,000 | |
benefit from income taxes | 139,928,000 | 121,048,000 | 38,328,000 | -1,646,875,000 | 43,011,000 | 947,000 | 535,000 | 508,000 | 2,606,000 | 129,000 | 604,000 | 175,000 | 472,000 | 509,000 | 1,036,000 | 230,000 | 312,000 | 339,000 | ||||||||||||||||||||||
net income | 461,598,000 | 538,334,000 | 188,722,000 | 1,924,669,000 | 281,136,000 | 189,872,000 | 470,820,000 | 157,804,000 | -33,760,000 | -125,842,000 | -19,326,000 | -117,621,000 | -18,744,000 | -209,277,000 | -207,363,000 | -80,984,000 | -2,876,000 | 203,678,000 | 39,008,000 | 293,959,000 | 36,515,000 | -11,478,000 | -105,891,000 | 390,940,000 | 29,397,000 | -6,740,000 | -38,151,000 | -28,204,000 | 19,643,000 | -5,906,000 | -23,986,000 | -15,663,000 | -16,098,000 | -15,962,000 | -15,090,000 | -15,167,000 | -32,323,000 | -27,345,000 | -96,755,000 | |
yoy | 64.19% | 183.52% | -59.92% | 1119.66% | -932.75% | -250.88% | -2536.20% | -234.16% | 80.11% | -39.87% | -90.68% | 45.24% | 551.74% | -202.75% | -631.59% | -127.55% | -107.88% | -1874.51% | -136.84% | -24.81% | 24.21% | 70.30% | 177.56% | -1486.12% | 49.66% | 14.12% | 59.06% | 80.07% | -222.02% | -63.00% | 58.95% | 3.27% | -50.20% | -41.63% | -84.40% | |||||
qoq | -14.25% | 185.25% | -90.19% | 584.60% | 48.07% | -59.67% | 198.36% | -567.43% | -73.17% | 551.15% | -83.57% | 527.51% | -91.04% | 0.92% | 156.05% | 2715.86% | -101.41% | 422.14% | -86.73% | 705.04% | -418.13% | -89.16% | -127.09% | 1229.86% | -536.16% | -82.33% | 35.27% | -243.58% | -432.59% | -75.38% | 53.14% | -2.70% | 0.85% | 5.78% | -0.51% | -53.08% | 18.20% | -71.74% | ||
net income margin % | 7.55% | 8.89% | 3.27% | 31.90% | 4.70% | 3.08% | 7.90% | 2.73% | -0.60% | -2.27% | -0.39% | -2.53% | -0.42% | -4.75% | -5.24% | -1.99% | -0.07% | 4.35% | 0.77% | 9.31% | 1.20% | -0.60% | -7.67% | 29.76% | 2.32% | -0.57% | -3.98% | -3.02% | 2.23% | -0.72% | -3.59% | -2.54% | -2.75% | -2.89% | -3.27% | -3.36% | -7.36% | -6.24% | -25.51% | |
less: net income attributable to noncontrolling interests | 54,000 | -124,000 | -1,150,000 | -21,351,000 | -2,618,000 | -5,396,000 | -1,185,000 | -20,266,000 | -4,806,000 | -3,336,000 | -2,488,000 | -3,798,000 | -4,033,000 | -1,263,000 | -3,164,000 | -4,155,000 | -2,960,000 | -343,000 | ||||||||||||||||||||||
net income attributable to common stockholders | 461,544,000 | 538,458,000 | 189,872,000 | 1,946,020,000 | 283,754,000 | 195,268,000 | 472,005,000 | 178,070,000 | -28,954,000 | -122,506,000 | -16,838,000 | -113,823,000 | -14,711,000 | -208,014,000 | -204,199,000 | -76,829,000 | 84,000 | 204,021,000 | ||||||||||||||||||||||
net income per share | ||||||||||||||||||||||||||||||||||||||||
basic | 0.76 | 0.88 | 0.31 | 3.16 | 0.46 | 0.32 | 0.77 | 0.3 | -0.05 | -0.2 | -0.03 | -0.18 | -0.02 | -0.36 | -0.38 | -0.17 | 0.45 | 0.09 | 0.66 | 0.08 | -0.03 | -0.24 | 0.92 | 0.07 | -0.02 | -0.09 | -0.06 | 0.05 | -0.01 | -0.06 | -0.04 | -0.04 | -0.04 | -0.04 | -0.04 | -0.09 | -0.08 | -0.29 | ||
diluted | 0.74 | 0.87 | 0.3 | 3.06 | 0.45 | 0.31 | 0.74 | 0.3 | -0.05 | -0.2 | -0.03 | -0.18 | -0.02 | -0.36 | -0.38 | -0.15 | 0.4 | 0.08 | 0.62 | 0.07 | -0.03 | -0.24 | 0.85 | 0.06 | -0.02 | -0.09 | -0.06 | 0.04 | -0.01 | -0.06 | -0.04 | -0.04 | -0.04 | -0.04 | -0.04 | -0.09 | -0.08 | -0.29 | ||
weighted-average shares used for eps calculation | ||||||||||||||||||||||||||||||||||||||||
basic | 610,199 | 612,882 | 619,370 | 616,993 | 616,428 | 617,666 | 616,401 | 608,856 | 611,276 | 606,692 | 602,234 | 578,949 | 592,672 | 581,350 | 541,435 | 458,432 | 460,654 | 455,431 | 454,973 | 443,126 | 444,458 | 440,117 | 434,940 | 424,999 | 427,124 | 423,305 | 419,289 | 405,731 | 409,690 | 403,301 | 395,948 | 379,344 | 383,951 | 376,357 | 366,737 | 341,555 | 343,893 | 334,488 | 331,324 | |
diluted | 621,658 | 618,928 | 635,342 | 636,390 | 632,760 | 634,221 | 637,360 | 614,024 | 611,276 | 606,692 | 602,234 | 578,949 | 592,672 | 581,350 | 541,435 | 501,779 | 504,120 | 522,578 | 501,353 | 482,167 | 488,069 | 440,117 | 434,940 | 466,076 | 466,099 | 423,305 | 419,289 | 405,731 | 474,915 | 403,301 | 395,948 | 379,344 | 383,951 | 376,357 | 366,737 | 341,555 | 343,893 | 334,488 | 331,324 | |
benefit for income taxes | 59,029,000 | 35,492,000 | -51,792,000 | 49,529,000 | -3,700,000 | -2,056,000 | 5,375,000 | -17,289,000 | 1,304,000 | -1,702,000 | 6,597,000 | 452,000 | -9,360,000 | -396,500 | -1,369,000 | -476,000 | 461,250 | 1,066,000 | 83,500 | -647,000 | ||||||||||||||||||||
bitcoin impairment losses | 8,991,000 | 1,619,000 | 35,961,000 | 6,000,000 | 45,266,000 | 19,860,000 | ||||||||||||||||||||||||||||||||||
transaction and loan losses | 57,117,000 | 62,306,000 | 48,173,000 | 20,395,000 | 15,986,000 | 15,198,000 | 37,603,000 | 108,883,000 | ||||||||||||||||||||||||||||||||
amortization of acquired customer assets | 1,463,000 | 1,077,000 | 983,000 | 905,000 | 890,000 | 890,000 | 1,003,000 | 1,294,000 | 2,085,000 | 2,127,000 | 1,294,000 | 672,000 | 269,000 | 234,000 | 222,000 | 222,000 | 205,000 | 147,000 | 164,000 | 222,000 | 317,000 | |||||||||||||||||||
income tax benefit | -752,000 | |||||||||||||||||||||||||||||||||||||||
transaction, loan and advance losses | 23,706,750 | 32,722,000 | 34,264,000 | 27,841,000 | 24,474,000 | 23,596,000 | 21,976,000 | 18,031,000 | 16,833,000 | 19,893,000 | 18,401,000 | 11,891,000 | 13,034,000 | 12,885,000 | 17,455,000 | |||||||||||||||||||||||||
interest and other income | 2,655,000 | 2,819,000 | 2,839,000 | 1,854,000 | 3,266,000 | 499,000 | ||||||||||||||||||||||||||||||||||
starbucks transaction-based revenue | ||||||||||||||||||||||||||||||||||||||||
starbucks transaction-based costs | ||||||||||||||||||||||||||||||||||||||||
starbucks transaction revenue | 19,717,250 | 7,164,000 | 32,867,000 | 38,838,000 | ||||||||||||||||||||||||||||||||||||
software and data product revenue | 22,208,250 | 35,320,000 | 29,717,000 | 23,796,000 | ||||||||||||||||||||||||||||||||||||
transaction costs | 170,798,500 | 254,061,000 | 234,857,000 | 194,276,000 | ||||||||||||||||||||||||||||||||||||
starbucks transaction costs | 17,452,500 | 4,528,000 | 28,672,000 | 36,610,000 | ||||||||||||||||||||||||||||||||||||
software and data product costs | 7,925,250 | 12,524,000 | 10,144,000 | 9,033,000 | ||||||||||||||||||||||||||||||||||||
interest (income) and expense | -60,750 | -183,000 | -129,000 | 69,000 | ||||||||||||||||||||||||||||||||||||
other (income) and expense | -172,500 | 294,000 | -198,000 | -786,000 | ||||||||||||||||||||||||||||||||||||
transaction and advance losses | 7,861,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 8,335,934,000 | 6,384,224,000 | 7,088,831,000 | 8,075,247,000 | 8,299,804,000 | 7,799,093,000 | 5,753,436,000 | 4,996,465,000 | 5,112,293,000 | 4,745,884,000 | 5,061,091,000 | 4,544,202,000 | 4,331,787,000 | 4,020,466,000 | 3,993,565,000 | 4,443,669,000 | 4,514,609,000 | 4,581,234,000 | 3,022,485,000 | 3,158,058,000 | 2,118,808,000 | 1,972,762,000 | 1,962,316,000 | 1,047,118,000 | 612,048,000 | 617,282,000 | 521,676,000 | 583,173,000 | 721,738,000 | 1,387,977,000 | 738,586,000 | 696,474,000 | 658,412,000 | 716,989,000 | 704,494,000 | 452,030,000 | 437,900,000 | 342,436,000 | 370,646,000 | 470,775,000 |
settlements receivable | 1,222,342,000 | 1,235,325,000 | 1,102,538,000 | 1,060,966,000 | 1,508,491,000 | 3,964,214,000 | 3,714,810,000 | 3,226,294,000 | 3,689,046,000 | 2,055,298,000 | 1,897,835,000 | 2,416,324,000 | 1,761,694,000 | 1,472,908,000 | 1,341,852,000 | 1,171,612,000 | 1,211,886,000 | 1,155,757,000 | 1,109,505,000 | 1,024,895,000 | 846,786,000 | 879,464,000 | 521,629,000 | 588,692,000 | 564,492,000 | 1,506,194,000 | 1,391,078,000 | 364,946,000 | 1,194,701,000 | 806,688,000 | 700,646,000 | 620,523,000 | 587,630,000 | 309,021,000 | 266,088,000 | 321,102,000 | 233,812,000 | 204,541,000 | 189,049,000 | 142,727,000 |
customer funds | 4,803,716,000 | 4,937,814,000 | 5,248,730,000 | 4,182,872,000 | 3,933,785,000 | 3,550,713,000 | 4,046,346,000 | 3,170,430,000 | 2,913,737,000 | 3,352,656,000 | 3,800,473,000 | 3,180,324,000 | 2,983,658,000 | 2,905,377,000 | 3,190,905,000 | 2,830,995,000 | 2,649,114,000 | 2,847,477,000 | 2,976,428,000 | 2,037,832,000 | 1,850,963,000 | 1,733,107,000 | 944,811,000 | 676,292,000 | 660,599,000 | 484,945,000 | 445,417,000 | 334,017,000 | 269,094,000 | 208,855,000 | 152,661,000 | 103,042,000 | 85,473,000 | 73,596,000 | 57,527,000 | |||||
consumer receivables | 2,076,126,000 | 2,202,592,000 | 2,068,800,000 | 2,504,879,000 | 2,090,884,000 | 2,015,940,000 | 1,914,278,000 | 2,444,695,000 | 1,694,949,000 | 1,627,580,000 | 1,486,511,000 | 1,871,160,000 | 1,252,127,000 | 1,264,198,000 | 1,304,300,000 | |||||||||||||||||||||||||
loans held for sale | 778,039,000 | 1,411,653,000 | 1,322,049,000 | 1,111,107,000 | 1,008,312,000 | 961,581,000 | 892,068,000 | 775,424,000 | 597,035,000 | 499,250,000 | 476,754,000 | 474,036,000 | 462,980,000 | 465,693,000 | 357,115,000 | 517,940,000 | 708,086,000 | 807,402,000 | 742,378,000 | 462,665,000 | 524,173,000 | 567,499,000 | 160,709,000 | 164,834,000 | 120,776,000 | 136,511,000 | 123,471,000 | 89,974,000 | 73,219,000 | 85,040,000 | 78,821,000 | 73,420,000 | 58,331,000 | 50,079,000 | 51,883,000 | 42,144,000 | 28,817,000 | 29,774,000 | ||
loans held for investment, less allowance for credit losses of 216.3 million and 23.1 million, respectively | 2,203,273,000 | |||||||||||||||||||||||||||||||||||||||
other current assets | 2,648,295,000 | 2,496,510,000 | 2,881,431,000 | 2,541,704,000 | 2,015,702,000 | 1,901,429,000 | 1,962,865,000 | 2,353,488,000 | 1,696,033,000 | 1,675,082,000 | 1,427,210,000 | 1,627,265,000 | 1,175,873,000 | 951,162,000 | 876,198,000 | 687,429,000 | 609,533,000 | 593,462,000 | 823,606,000 | 383,067,000 | 388,106,000 | 319,890,000 | 278,670,000 | 250,409,000 | 215,806,000 | 180,360,000 | 185,121,000 | 164,966,000 | 136,400,000 | 120,250,000 | 91,933,000 | 86,454,000 | 66,539,000 | 62,798,000 | 54,605,000 | 56,331,000 | 44,244,000 | 48,473,000 | 55,211,000 | 42,051,000 |
total current assets | 22,067,725,000 | 19,707,662,000 | 19,712,379,000 | 19,880,201,000 | 20,774,912,000 | 22,291,278,000 | 20,538,304,000 | 18,857,282,000 | 17,540,600,000 | 15,841,096,000 | 15,900,479,000 | 15,623,405,000 | 13,548,761,000 | 12,526,335,000 | 11,860,684,000 | 10,520,928,000 | 10,562,037,000 | 11,000,235,000 | 9,318,856,000 | 7,761,629,000 | 6,491,270,000 | 6,187,070,000 | 4,389,975,000 | 3,219,801,000 | 2,758,766,000 | 3,528,646,000 | 3,266,522,000 | 2,111,905,000 | 2,877,368,000 | 2,869,896,000 | 1,990,383,000 | 1,778,294,000 | 1,686,877,000 | 1,437,917,000 | 1,343,355,000 | 1,001,425,000 | 843,027,000 | 721,028,000 | 720,052,000 | 705,563,000 |
goodwill | 11,807,858,000 | 11,816,794,000 | 11,503,741,000 | 11,417,422,000 | 12,048,108,000 | 11,822,260,000 | 11,721,329,000 | 11,919,720,000 | 11,749,198,000 | 11,944,085,000 | 11,919,274,000 | 11,966,761,000 | 11,557,984,000 | 11,982,135,000 | 12,428,930,000 | 519,276,000 | 519,548,000 | 501,400,000 | 316,437,000 | 316,701,000 | 300,620,000 | 295,759,000 | 288,533,000 | 266,345,000 | 265,974,000 | 270,161,000 | 267,012,000 | 261,705,000 | 259,964,000 | 255,656,000 | 58,327,000 | 58,327,000 | 57,961,000 | 57,961,000 | 58,103,000 | 57,173,000 | 56,699,000 | 56,699,000 | 56,699,000 | 56,699,000 |
acquired intangible assets | 1,326,091,000 | 1,368,735,000 | 1,391,242,000 | 1,433,067,000 | 1,607,936,000 | 1,629,183,000 | 1,673,618,000 | 1,761,521,000 | 1,778,951,000 | 1,878,238,000 | 1,949,086,000 | 2,014,034,000 | 2,030,876,000 | 2,148,078,000 | 2,275,199,000 | 257,049,000 | 268,692,000 | 262,196,000 | 129,796,000 | 137,612,000 | 107,562,000 | 99,802,000 | 81,936,000 | 69,079,000 | 72,793,000 | 84,216,000 | 79,697,000 | 77,102,000 | 81,130,000 | 85,514,000 | 14,138,000 | 14,334,000 | 14,648,000 | 16,452,000 | 18,395,000 | 19,292,000 | 20,252,000 | 22,329,000 | 24,463,000 | 26,776,000 |
deferred tax assets | 1,542,364,000 | 1,793,827,000 | 1,766,132,000 | 1,800,994,000 | ||||||||||||||||||||||||||||||||||||
other non-current assets | 2,438,785,000 | 2,171,373,000 | 2,022,073,000 | 1,239,548,000 | 1,924,479,000 | 1,803,879,000 | 1,679,579,000 | 739,486,000 | 791,529,000 | 832,467,000 | 811,512,000 | 484,237,000 | 438,534,000 | 454,813,000 | 471,354,000 | 370,535,000 | 384,508,000 | 382,604,000 | 352,056,000 | 499,250,000 | 169,582,000 | 166,449,000 | 149,852,000 | 196,388,000 | 81,326,000 | 57,167,000 | 48,202,000 | 58,393,000 | 76,996,000 | 40,995,000 | 32,120,000 | 31,350,000 | 29,800,000 | |||||||
total assets | 39,182,823,000 | 36,858,391,000 | 36,395,567,000 | 36,777,595,000 | 36,355,435,000 | 37,546,600,000 | 35,612,830,000 | 34,069,893,000 | 32,554,898,000 | 31,075,924,000 | 31,337,327,000 | 31,364,340,000 | 29,120,932,000 | 28,885,160,000 | 29,127,467,000 | 13,925,764,000 | 13,909,426,000 | 13,815,688,000 | 11,348,720,000 | 9,869,550,000 | 8,114,276,000 | 7,812,272,000 | 6,003,873,000 | 4,551,258,000 | 4,000,504,000 | 4,654,006,000 | 4,402,591,000 | 3,281,023,000 | 3,973,368,000 | 3,554,827,000 | 2,379,612,000 | 2,187,270,000 | 2,083,852,000 | 1,741,714,000 | 1,591,113,000 | 1,211,362,000 | 1,052,208,000 | 933,292,000 | 945,069,000 | 894,772,000 |
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||
customers payable | 6,799,672,000 | 6,957,104,000 | 7,102,749,000 | 5,837,152,000 | 6,156,306,000 | 8,059,588,000 | 8,137,147,000 | 6,795,340,000 | 6,672,957,000 | 5,536,418,000 | 5,749,857,000 | 5,548,656,000 | 4,891,015,000 | 4,545,675,000 | 4,634,657,000 | 3,979,624,000 | 3,858,708,000 | 3,993,164,000 | 4,028,859,000 | 3,009,051,000 | 2,723,083,000 | 2,568,418,000 | 1,485,439,000 | 1,273,135,000 | 1,268,034,000 | 1,802,128,000 | 1,661,894,000 | 749,215,000 | 1,315,108,000 | 1,001,422,000 | 881,754,000 | 733,736,000 | 727,341,000 | 465,926,000 | 363,039,000 | 388,058,000 | 364,434,000 | 310,242,000 | 283,860,000 | 224,811,000 |
accrued expenses and other current liabilities | 1,578,830,000 | 1,423,231,000 | 1,583,962,000 | 1,525,149,000 | 1,333,845,000 | 1,268,793,000 | 1,275,321,000 | 1,326,200,000 | 1,275,427,000 | 1,085,584,000 | 1,066,203,000 | 1,056,676,000 | 968,495,000 | 989,335,000 | 934,364,000 | 639,309,000 | 654,495,000 | 515,813,000 | 448,624,000 | 360,850,000 | 427,386,000 | 393,576,000 | 392,734,000 | 297,841,000 | ||||||||||||||||
current portion of long-term debt | 1,572,118,000 | 1,570,979,000 | 999,497,000 | 998,727,000 | 997,958,000 | 997,197,000 | 460,539,000 | 460,356,000 | 460,170,000 | 459,984,000 | 125,971,000 | |||||||||||||||||||||||||||||
warehouse funding facilities, current | 157,370,000 | 120,000,000 | 185,000,000 | 138,136,000 | 464,047,000 | 410,426,000 | 753,035,000 | 51,858,000 | 530,321,000 | 305,195,000 | 461,240,000 | |||||||||||||||||||||||||||||
total current liabilities | 10,107,990,000 | 10,071,314,000 | 8,686,711,000 | 8,546,798,000 | 10,039,962,000 | 12,230,693,000 | 12,501,202,000 | 9,921,629,000 | 9,192,115,000 | 8,239,036,000 | 8,706,266,000 | 8,434,516,000 | 7,278,565,000 | 6,960,986,000 | 6,030,021,000 | 5,435,104,000 | 5,549,145,000 | 5,646,770,000 | 5,561,102,000 | 4,126,104,000 | 3,825,711,000 | 3,632,516,000 | 2,004,658,000 | 1,694,085,000 | 1,644,901,000 | 2,375,594,000 | 2,183,559,000 | 1,018,541,000 | 1,863,537,000 | 1,315,910,000 | 1,131,732,000 | 972,827,000 | 930,679,000 | 624,928,000 | 554,896,000 | 577,464,000 | 486,024,000 | 411,469,000 | 449,932,000 | 334,202,000 |
warehouse funding facilities, non-current | 343,629,000 | 583,924,000 | 618,999,000 | 1,296,680,000 | 827,629,000 | 481,742,000 | 543,751,000 | 854,882,000 | 858,485,000 | 289,849,000 | 384,998,000 | 877,066,000 | ||||||||||||||||||||||||||||
long-term debt | 5,713,382,000 | 3,539,887,000 | 5,108,385,000 | 5,105,939,000 | 5,103,462,000 | 5,101,023,000 | 3,125,456,000 | 4,120,091,000 | 4,117,502,000 | 4,114,916,000 | 4,112,356,000 | 4,109,829,000 | 4,107,245,000 | 4,104,664,000 | 4,561,911,000 | 4,559,208,000 | 4,737,829,000 | 4,841,277,000 | 2,980,202,000 | 2,586,924,000 | 1,758,611,000 | 1,778,428,000 | 1,760,847,000 | 938,832,000 | 928,869,000 | 919,026,000 | 909,302,000 | 899,695,000 | 897,976,000 | 1,071,437,000 | 362,965,000 | 358,572,000 | 354,237,000 | 349,960,000 | 345,739,000 | |||||
other non-current liabilities | 544,614,000 | 540,374,000 | 546,398,000 | 152,164,000 | 475,087,000 | 440,147,000 | 475,225,000 | 154,972,000 | 253,511,000 | 347,185,000 | 329,626,000 | 201,657,000 | 196,466,000 | 213,515,000 | 242,717,000 | 222,846,000 | 227,048,000 | 186,369,000 | 92,674,000 | 85,291,000 | 82,136,000 | 90,220,000 | 80,861,000 | 94,461,000 | 70,483,000 | 67,649,000 | 75,585,000 | 93,286,000 | 89,711,000 | 85,851,000 | 74,935,000 | 69,538,000 | 66,027,000 | |||||||
total liabilities | 16,709,615,000 | 14,735,499,000 | 14,960,493,000 | 15,542,633,000 | 16,446,140,000 | 18,253,605,000 | 16,645,634,000 | 15,377,057,000 | 14,724,392,000 | 13,306,116,000 | 13,862,442,000 | 14,112,985,000 | 12,590,994,000 | 11,993,749,000 | 11,677,075,000 | 10,612,175,000 | 10,904,712,000 | 11,078,987,000 | 9,034,347,000 | 7,187,981,000 | 6,051,441,000 | 5,885,965,000 | 4,195,928,000 | 2,836,208,000 | 2,750,710,000 | 3,469,534,000 | 3,281,002,000 | 2,160,522,000 | 2,851,224,000 | 2,473,198,000 | 1,569,632,000 | 1,400,937,000 | 1,350,943,000 | 1,037,970,000 | 963,180,000 | 635,209,000 | 541,819,000 | 461,833,000 | 500,185,000 | 386,724,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at september 30, 2025 and december 31, 2024. none issued and outstanding at september 30, 2025 and december 31, 2024. | ||||||||||||||||||||||||||||||||||||||||
class a common stock | ||||||||||||||||||||||||||||||||||||||||
class b common stock | ||||||||||||||||||||||||||||||||||||||||
additional paid-in capital | 19,364,651,000 | 19,442,101,000 | 19,781,519,000 | 19,900,379,000 | 19,688,228,000 | 19,695,521,000 | 19,687,428,000 | 19,601,992,000 | 19,352,152,000 | 18,992,590,000 | 18,607,008,000 | 18,314,681,000 | 17,999,192,000 | 17,725,198,000 | 17,426,629,000 | 3,317,255,000 | 2,918,372,000 | 2,632,234,000 | 2,459,415,000 | 2,955,464,000 | 2,642,107,000 | 2,549,638,000 | 2,427,596,000 | 2,223,749,000 | 2,153,449,000 | 2,116,063,000 | 2,048,938,000 | 2,012,328,000 | 1,986,059,000 | 1,963,298,000 | 1,682,581,000 | 1,630,386,000 | 1,560,374,000 | 1,515,237,000 | 1,424,187,000 | 1,357,381,000 | 1,274,248,000 | 1,203,136,000 | 1,149,634,000 | 1,116,882,000 |
accumulated other comprehensive loss | -415,745,000 | -381,913,000 | -870,815,000 | -1,001,065,000 | -189,912,000 | -532,369,000 | -660,203,000 | -378,307,000 | -802,482,000 | -537,378,000 | -572,561,000 | -523,090,000 | -1,046,639,000 | -429,916,000 | -2,387,000 | -926,000 | -3,424,000 | -6,053,000 | -6,345,000 | -4,456,000 | -1,294,000 | -1,318,000 | -393,000 | -519,000 | -1,242,000 | -1,989,000 | -346,000 | -1,185,000 | ||||||||||||
retained earnings | 3,558,492,000 | 3,096,948,000 | 2,558,490,000 | 2,368,618,000 | 422,598,000 | 138,844,000 | 48,864,000 | 48,780,000 | ||||||||||||||||||||||||||||||||
total stockholders’ equity attributable to common stockholders | 22,507,398,000 | 22,157,136,000 | 21,469,194,000 | 21,267,932,000 | 19,920,914,000 | 19,301,996,000 | 18,970,801,000 | 18,695,256,000 | 17,812,660,000 | 17,747,156,000 | 17,448,897,000 | 17,222,879,000 | 16,497,664,000 | 16,855,104,000 | 17,412,822,000 | 3,272,855,000 | 2,959,825,000 | 2,688,852,000 | ||||||||||||||||||||||
noncontrolling interests | -34,190,000 | -34,244,000 | -34,120,000 | -32,970,000 | -11,619,000 | -9,001,000 | -3,605,000 | -2,420,000 | 17,846,000 | 22,652,000 | 25,988,000 | 28,476,000 | 32,274,000 | 36,307,000 | 37,570,000 | 40,734,000 | 44,889,000 | 47,849,000 | ||||||||||||||||||||||
total stockholders’ equity | 22,473,208,000 | 22,122,892,000 | 21,435,074,000 | 21,234,962,000 | 19,909,295,000 | 19,292,995,000 | 18,967,196,000 | 18,692,836,000 | 17,830,506,000 | 17,769,808,000 | 17,474,885,000 | 17,251,355,000 | 16,529,938,000 | 16,891,411,000 | 17,450,392,000 | 3,313,589,000 | 3,004,714,000 | 2,736,701,000 | 2,314,373,000 | 2,681,569,000 | 2,062,835,000 | 1,926,307,000 | 1,807,945,000 | 1,715,050,000 | 1,249,794,000 | 1,184,472,000 | 1,121,589,000 | 1,120,501,000 | 1,122,144,000 | 1,081,629,000 | 809,980,000 | 786,333,000 | 732,909,000 | 703,744,000 | 627,933,000 | 576,153,000 | 510,389,000 | 471,459,000 | 444,884,000 | 508,048,000 |
total liabilities and stockholders’ equity | 39,182,823,000 | 36,858,391,000 | 36,395,567,000 | 36,777,595,000 | 36,355,435,000 | 37,546,600,000 | 35,612,830,000 | 34,069,893,000 | 32,554,898,000 | 31,075,924,000 | 31,337,327,000 | 31,364,340,000 | 29,120,932,000 | 28,885,160,000 | 29,127,467,000 | 13,925,764,000 | 13,909,426,000 | 13,815,688,000 | 11,348,720,000 | 9,869,550,000 | 8,114,276,000 | 7,812,272,000 | 6,003,873,000 | 4,551,258,000 | 4,000,504,000 | 4,654,006,000 | 4,402,591,000 | 3,281,023,000 | 3,973,368,000 | 3,554,827,000 | 2,379,612,000 | 2,187,270,000 | 2,083,852,000 | 1,741,714,000 | 1,591,113,000 | 1,211,362,000 | 1,052,208,000 | 933,292,000 | 945,069,000 | 894,772,000 |
loans held for investment, net of allowance | 1,039,544,000 | |||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at june 30, 2025 and december 31, 2024. none issued and outstanding at june 30, 2025 and december 31, 2024. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at march 31, 2025 and december 31, 2024. none issued and outstanding at march 31, 2025 and december 31, 2024. | ||||||||||||||||||||||||||||||||||||||||
investments in short-term debt securities | 403,426,000 | 504,986,000 | 658,001,000 | 573,390,000 | 851,901,000 | 1,161,144,000 | 1,121,830,000 | 1,024,110,000 | 1,081,851,000 | 1,052,973,000 | 938,998,000 | 796,749,000 | 869,283,000 | 868,809,000 | 1,014,903,000 | 644,454,000 | 695,112,000 | 762,434,000 | 714,348,000 | 521,840,000 | 492,456,000 | |||||||||||||||||||
property and equipment | 314,432,000 | 296,056,000 | 329,302,000 | 316,378,000 | 308,222,000 | 302,247,000 | 282,140,000 | 275,286,000 | 260,883,000 | 245,702,000 | 233,520,000 | 195,937,000 | 167,062,000 | 150,659,000 | 149,194,000 | 134,034,000 | 130,747,000 | 133,706,000 | 142,402,000 | 130,145,000 | 121,708,000 | 98,170,000 | 91,496,000 | 88,666,000 | 87,442,000 | 91,013,000 | 88,328,000 | 89,957,000 | 86,325,000 | 89,039,000 | 87,222,000 | |||||||||
investments in long-term debt securities | 471,977,000 | 251,127,000 | 426,202,000 | 297,230,000 | 412,747,000 | 573,429,000 | 802,880,000 | 1,019,340,000 | 1,333,139,000 | 1,526,430,000 | 1,451,107,000 | 947,093,000 | 522,542,000 | 463,950,000 | 399,122,000 | 446,685,000 | 529,460,000 | 537,303,000 | ||||||||||||||||||||||
operating lease right-of-use assets | 219,954,000 | 244,701,000 | 268,418,000 | 282,808,000 | 344,229,000 | 373,172,000 | 425,519,000 | 446,237,000 | 455,914,000 | 449,406,000 | 448,248,000 | 461,277,000 | 463,331,000 | 456,888,000 | 450,183,000 | 449,445,000 | 413,458,000 | 113,148,000 | 108,670,000 | 107,809,000 | 111,956,000 | |||||||||||||||||||
deferred tax liabilities | 162,435,000 | 35,695,000 | 132,498,000 | 159,498,000 | 189,198,000 | 238,683,000 | ||||||||||||||||||||||||||||||||||
operating lease liabilities, non-current | 278,617,000 | 289,788,000 | 302,779,000 | 315,130,000 | 329,196,000 | 357,419,000 | 369,798,000 | 332,768,000 | 395,602,000 | 395,017,000 | 390,690,000 | 404,571,000 | 400,369,000 | 389,662,000 | 384,983,000 | 384,801,000 | 349,562,000 | 108,830,000 | 106,457,000 | 107,265,000 | 112,556,000 | |||||||||||||||||||
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. | ||||||||||||||||||||||||||||||||||||||||
safeguarding asset related to bitcoin held for other parties | 1,412,948,000 | 1,440,307,000 | 1,681,111,000 | 1,038,585,000 | 676,363,000 | 763,516,000 | 726,495,000 | 428,243,000 | 527,669,000 | 507,533,000 | ||||||||||||||||||||||||||||||
safeguarding obligation liability related to bitcoin held for other parties | 1,412,948,000 | 1,440,307,000 | 1,681,111,000 | 1,038,585,000 | 676,363,000 | 763,516,000 | 726,495,000 | 428,243,000 | 527,669,000 | 507,533,000 | ||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at september 30, 2024 and december 31, 2023. none issued and outstanding at september 30, 2024 and december 31, 2023. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at june 30, 2024 and december 31, 2023. none issued and outstanding at june 30, 2024 and december 31, 2023. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at march 31, 2024 and december 31, 2023. none issued and outstanding at march 31, 2024 and december 31, 2023. | ||||||||||||||||||||||||||||||||||||||||
accumulated deficit | -56,424,000 | -528,429,000 | -737,010,000 | -708,056,000 | -585,550,000 | -568,712,000 | -454,889,000 | -440,178,000 | -232,164,000 | -27,965,000 | -155,241,000 | -297,223,000 | -591,182,000 | -627,697,000 | -616,219,000 | -510,328,000 | -901,268,000 | -930,665,000 | -923,925,000 | -885,774,000 | -857,570,000 | -877,213,000 | -871,307,000 | -842,735,000 | -827,072,000 | -810,974,000 | -795,012,000 | -779,239,000 | -764,072,000 | -731,749,000 | -704,404,000 | -607,649,000 | ||||||||
settlements payable | 8,469,000 | 515,510,000 | 323,197,000 | 397,977,000 | 462,505,000 | 329,796,000 | 264,936,000 | 264,971,000 | 254,611,000 | 249,802,000 | 257,008,000 | 263,926,000 | 239,362,000 | 150,705,000 | 179,131,000 | 89,150,000 | 95,834,000 | 81,597,000 | 290,652,000 | 266,121,000 | 54,137,000 | 203,274,000 | 140,616,000 | 116,902,000 | 114,788,000 | 81,414,000 | 41,834,000 | 35,773,000 | ||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at december 31, 2023 and december 31, 2022. none issued and outstanding at december 31, 2023 and december 31, 2022. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at september 30, 2023 and december 31, 2022. none issued and outstanding at september 30, 2023 and december 31, 2022. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at june 30, 2023 and december 31, 2022. none issued and outstanding at june 30, 2023 and december 31, 2022. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000 shares authorized at march 31, 2023 and december 31, 2022. none issued and outstanding at march 31, 2023 and december 31, 2022. | ||||||||||||||||||||||||||||||||||||||||
ppp liquidity facility advances | 16,840,000 | 31,116,000 | 68,416,000 | 124,636,000 | 497,533,000 | 725,658,000 | 823,683,000 | 764,208,000 | 464,094,000 | 473,496,000 | 447,764,000 | |||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at december 31, 2022 and december 31, 2021. none issued and outstanding at december 31, 2022 and december 31, 2021. | ||||||||||||||||||||||||||||||||||||||||
operating lease liabilities, current | 70,304,000 | 125,107,000 | 71,393,000 | 64,027,000 | 60,482,000 | 57,102,000 | 55,485,000 | 52,747,000 | 51,041,000 | 43,627,000 | 37,335,000 | 27,275,000 | 25,779,000 | 24,955,000 | 23,041,000 | |||||||||||||||||||||||||
warehouse funding facilities | 479,422,000 | 192,618,000 | 208,141,000 | |||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at september 30, 2022 and december 31, 2021. none issued and outstanding at september 30, 2022 and december 31, 2021. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at june 30, 2022 and december 31, 2021. none issued and outstanding at june 30, 2022 and december 31, 2021. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at march 31, 2022 and december 31, 2021. none issued and outstanding at march 31, 2022 and december 31, 2021. | ||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 218,357,000 | -16,435,000 | -7,411,000 | 7,838,000 | 10,199,000 | 23,328,000 | 11,910,000 | 4,366,000 | -3,432,000 | 1,629,000 | 213,000 | 72,000 | ||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at december 31, 2021 and december 31, 2020. none issued and outstanding at december 31, 2021 and december 31, 2020. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at september 30, 2021 and december 31, 2020. none issued and outstanding at september 30, 2021 and december 31, 2020. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at june 30, 2021 and december 31, 2020. none issued and outstanding at june 30, 2021 and december 31, 2020. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at march 31, 2021 and december 31, 2020. none issued and outstanding at march 31, 2021 and december 31, 2020. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at december 31, 2020 and december 31, 2019. none issued and outstanding at december 31, 2020 and december 31, 2019. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at september 30, 2020 and december 31, 2019. none issued and outstanding at september 30, 2020 and december 31, 2019. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at june 30, 2020 and december 31, 2019. none issued and outstanding at june 30, 2020 and december 31, 2019. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at march 31, 2020 and december 31, 2019. none issued and outstanding at march 31, 2020 and december 31, 2019. | ||||||||||||||||||||||||||||||||||||||||
build-to-suit lease asset | 149,000,000 | |||||||||||||||||||||||||||||||||||||||
build-to-suit lease liability | 149,000,000 | |||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at december 31, 2019 and december 31, 2018. none issued and outstanding at december 31, 2019 and december 31, 2018. | ||||||||||||||||||||||||||||||||||||||||
short-term investments | 557,656,000 | 572,206,000 | 566,539,000 | 540,991,000 | 448,986,000 | 233,599,000 | 200,048,000 | 169,576,000 | 209,959,000 | 203,287,000 | 186,756,000 | 59,901,000 | 76,427,000 | 60,991,000 | 43,447,000 | |||||||||||||||||||||||||
restricted cash | 27,389,000 | 31,148,000 | 33,220,000 | 33,838,000 | 33,230,000 | 27,487,000 | 27,688,000 | 28,805,000 | 20,533,000 | 22,147,000 | 22,002,000 | 22,131,000 | 13,559,000 | 13,545,000 | 13,542,000 | 13,537,000 | ||||||||||||||||||||||||
long-term investments | 564,508,000 | 460,827,000 | 481,063,000 | 464,680,000 | 537,663,000 | 168,150,000 | 176,672,000 | 203,667,000 | 191,335,000 | 124,099,000 | 62,711,000 | 27,366,000 | 15,478,000 | 19,602,000 | 29,715,000 | |||||||||||||||||||||||||
built-to-suit lease asset | ||||||||||||||||||||||||||||||||||||||||
accrued transaction losses | 37,419,000 | 39,630,000 | 36,047,000 | 33,682,000 | 35,332,000 | 29,207,000 | 28,309,000 | 26,893,000 | 26,720,000 | 22,455,000 | 20,444,000 | 20,064,000 | 21,428,000 | 16,093,000 | 15,419,000 | 17,176,000 | ||||||||||||||||||||||||
accrued expenses | 124,005,000 | 106,351,000 | 87,812,000 | 82,354,000 | 101,066,000 | 74,816,000 | 57,997,000 | 52,280,000 | 60,626,000 | 56,699,000 | 45,475,000 | 39,543,000 | 41,943,000 | 26,133,000 | 97,335,000 | 44,401,000 | ||||||||||||||||||||||||
other current liabilities | 108,067,000 | 111,878,000 | 108,644,000 | 99,153,000 | 70,338,000 | 60,635,000 | 27,214,000 | 28,367,000 | 21,049,000 | 26,639,000 | 22,812,000 | 73,623,000 | 44,500,000 | 42,790,000 | 33,738,000 | 28,945,000 | ||||||||||||||||||||||||
built-to-suit lease liability | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at september 30, 2019 and december 31, 2018. none issued and outstanding at september 30, 2019 and december 31, 2018. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at june 30, 2019 and december 31, 2018. none issued and outstanding at june 30, 2019 and december 31, 2018. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at march 31, 2019 and december 31, 2018. none issued and outstanding at march 31, 2019 and december 31, 2018. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at december 31, 2018 and december 31, 2017. none issued and outstanding at december 31, 2018 and december 31, 2017. | ||||||||||||||||||||||||||||||||||||||||
accounts payable | 12,448,000 | 9,214,000 | 19,556,000 | 16,763,000 | 13,529,000 | 11,375,000 | 9,826,000 | 12,602,000 | 13,719,000 | 16,211,000 | 19,580,000 | 18,869,000 | ||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at september 30, 2018 and december 31, 2017. none issued and outstanding at september 30, 2018 and december 31, 2017. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at june 30, 2018 and december 31, 2017. none issued and outstanding at june 30, 2018 and december 31, 2017. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at march 31, 2018 and december 31, 2017. none issued and outstanding at march 31, 2018 and december 31, 2017. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at december 31, 2017 and december 31, 2016. none issued and outstanding at december 31, 2017 and december 31, 2016. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at september 30, 2017 and december 31, 2016. none issued and outstanding at september 30, 2017 and december 31, 2016. | ||||||||||||||||||||||||||||||||||||||||
other assets | 3,278,000 | 3,042,000 | 3,194,000 | 3,658,000 | 4,178,000 | 10,107,000 | 3,826,000 | |||||||||||||||||||||||||||||||||
other liabilities | 63,082,000 | 62,545,000 | 57,745,000 | 55,795,000 | 50,364,000 | 50,253,000 | 52,522,000 | |||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at june 30, 2017 and december 31, 2016. none issued and outstanding at june 30, 2017 and december 31, 2016. | ||||||||||||||||||||||||||||||||||||||||
customer funds obligation | 57,527,000 | 43,574,000 | ||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at march 31, 2017 and december 31, 2016. none issued and outstanding at march 31, 2017 and december 31, 2016. | ||||||||||||||||||||||||||||||||||||||||
customer funds held | 43,574,000 | |||||||||||||||||||||||||||||||||||||||
merchant cash advance receivable | 4,212,000 | 8,268,000 | 21,268,000 | 48,157,000 | 36,473,000 | |||||||||||||||||||||||||||||||||||
debt | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at december 31, 2016 and december 31, 2015. none issued and outstanding at december 31, 2016 and december 31, 2015. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at september 30, 2016 and december 31, 2015. none issued and outstanding at september 30, 2016 and december 31, 2015. | ||||||||||||||||||||||||||||||||||||||||
common stock | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at june 30, 2016, and december 31, 2015. none issued and outstanding at june 30, 2016, and december 31, 2015. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 shares authorized at march 31, 2016, and december 31, 2015. none issued and outstanding at march 31, 2016, and december 31, 2015. | ||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0000001 par value: 100,000,000 and 135,339,499 shares authorized at december 31, 2015 and december 31, 2014, respectively. none issued and outstanding at december 31, 2015 and 135,252,809 shares issued and outstanding at december 31, 2014. |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | |||||||||||||||||||||||||||||||||||||||
net income | 461,598,000 | 538,334,000 | 188,722,000 | 1,924,669,000 | 281,136,000 | 189,872,000 | 470,820,000 | 157,804,000 | -33,760,000 | -125,842,000 | -19,326,000 | -117,621,000 | -18,744,000 | -209,277,000 | -207,363,000 | -80,984,000 | -2,876,000 | 203,678,000 | 39,008,000 | 293,959,000 | 36,515,000 | -11,478,000 | -105,891,000 | 390,940,000 | 29,397,000 | -6,740,000 | -38,151,000 | -28,204,000 | 19,643,000 | -5,906,000 | -23,986,000 | -15,663,000 | -16,098,000 | -15,962,000 | -15,090,000 | -15,167,000 | -32,323,000 | -27,345,000 | -96,755,000 |
adjustments to reconcile net income to net cash from operating activities: | |||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 92,119,000 | 92,397,000 | 88,948,000 | 88,878,000 | 92,706,000 | 96,903,000 | 97,640,000 | 105,324,000 | 115,518,000 | 94,545,000 | 93,173,000 | 90,907,000 | 88,721,000 | 90,839,000 | 70,056,000 | 39,050,000 | 38,112,000 | 28,394,000 | 29,201,000 | 22,471,000 | 20,624,000 | 21,056,000 | 20,061,000 | 18,719,000 | 19,125,000 | 18,783,000 | 18,971,000 | 22,638,000 | 15,835,000 | 12,328,000 | 10,160,000 | 9,632,000 | 9,085,000 | 9,125,000 | 9,437,000 | 9,928,000 | 9,681,000 | 9,018,000 | 9,118,000 |
amortization of discounts and premiums and other non-cash adjustments | -288,390,000 | -281,392,000 | -265,168,000 | -274,805,000 | -286,413,000 | -270,815,000 | -266,991,000 | -627,326,000 | -135,437,000 | -136,365,000 | -85,314,000 | -221,191,000 | |||||||||||||||||||||||||||
non-cash lease expense | 14,173,000 | 14,003,000 | 14,369,000 | 16,575,000 | 24,005,000 | 16,963,000 | 14,512,000 | 30,131,000 | 19,651,000 | 70,083,000 | 24,333,000 | 58,853,000 | 23,087,000 | 25,175,000 | 22,696,000 | 21,159,000 | 20,931,000 | 20,615,000 | 20,432,000 | 19,471,000 | 18,439,000 | 17,218,000 | 15,125,000 | ||||||||||||||||
share-based compensation | 309,380,000 | 297,341,000 | 315,236,000 | 316,934,000 | 324,054,000 | 320,623,000 | 311,168,000 | 331,583,000 | 345,669,000 | 319,253,000 | 279,592,000 | 276,484,000 | 262,733,000 | 256,638,000 | 275,423,000 | 178,041,000 | 165,011,000 | 146,365,000 | 118,623,000 | 113,671,000 | 110,416,000 | 96,410,000 | 77,303,000 | 79,883,000 | 77,426,000 | 79,466,000 | 61,088,000 | 59,025,000 | 58,913,000 | 52,119,000 | 46,824,000 | 44,525,000 | 40,048,000 | 39,593,000 | 31,670,000 | 33,887,000 | 36,779,000 | 36,922,000 | 31,198,000 |
gain on revaluation of equity investments | -171,126,000 | -315,000 | 583,000 | 1,370,000 | 14,885,000 | 712,000 | 5,115,000 | -49,741,000 | |||||||||||||||||||||||||||||||
remeasurement gain on bitcoin investment | -59,588,000 | -212,165,000 | 93,351,000 | ||||||||||||||||||||||||||||||||||||
transaction, loan, and consumer receivable losses | 363,455,000 | 294,090,000 | 169,689,000 | 244,618,000 | 192,062,000 | 191,812,000 | 165,729,000 | 175,658,000 | 177,338,000 | 179,771,000 | 127,896,000 | 155,250,000 | 147,586,000 | 156,697,000 | 91,150,000 | ||||||||||||||||||||||||
change in deferred income taxes | 130,737,000 | 44,420,000 | 7,599,000 | -1,671,180,000 | 1,840,000 | 11,512,000 | -7,984,000 | 763,000 | -126,561,000 | 38,566,000 | 1,353,000 | -22,090,000 | -26,129,000 | -13,721,000 | -7,653,000 | -5,211,000 | -4,751,000 | -413,000 | -60,000 | -4,641,000 | -2,351,000 | -40,000 | -984,000 | -322,000 | 1,175,000 | -1,475,000 | -754,000 | -83,000 | |||||||||||
purchases and originations of loans originally classified as held for sale | -1,759,849,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from repayments of loans originally classified as held for sale | 2,293,786,000 | ||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | |||||||||||||||||||||||||||||||||||||||
settlements receivable | -32,822,000 | -170,299,000 | -88,267,000 | 370,386,000 | 2,406,842,000 | -287,309,000 | -542,070,000 | 409,942,000 | -1,722,168,000 | -249,171,000 | 452,868,000 | -705,597,000 | -364,469,000 | -208,630,000 | -220,361,000 | -8,324,000 | -116,918,000 | -106,517,000 | -114,458,000 | -189,222,000 | 17,454,000 | -362,351,000 | 60,248,000 | -32,677,000 | 932,782,000 | -120,904,000 | -1,027,472,000 | 825,564,000 | -387,782,000 | -110,535,000 | -81,452,000 | -34,596,000 | -280,169,000 | -45,985,000 | 54,919,000 | -87,015,000 | -29,221,000 | -15,666,000 | -46,503,000 |
customers payable | -2,571,000 | 150,728,000 | 164,904,000 | -534,218,000 | -2,191,585,000 | 406,040,000 | 465,891,000 | -134,310,000 | 1,575,458,000 | 234,378,000 | -418,948,000 | 460,975,000 | 267,059,000 | 196,353,000 | 136,474,000 | -675,351,000 | -138,416,000 | -33,584,000 | 1,018,906,000 | 287,530,000 | 153,640,000 | 1,079,039,000 | 212,929,000 | 4,672,000 | -533,744,000 | 140,118,000 | 912,749,000 | -565,933,000 | 313,784,000 | 119,769,000 | 147,977,000 | 6,372,000 | 261,257,000 | 59,234,000 | -25,085,000 | 33,341,000 | 54,279,000 | 25,960,000 | 58,866,000 |
other assets and liabilities | 99,824,000 | -231,773,000 | -244,809,000 | 12,820,000 | -15,858,000 | -81,484,000 | 205,970,000 | -432,690,000 | 223,551,000 | -139,476,000 | -30,656,000 | -8,979,000 | -208,098,000 | -164,694,000 | 12,132,000 | -136,821,000 | 124,111,000 | -44,067,000 | -5,206,000 | -57,664,000 | -32,487,000 | -69,105,000 | -27,563,000 | -13,260,000 | -37,228,000 | ||||||||||||||
net cash from operating activities | 1,451,056,000 | 374,322,000 | 133,336,000 | 13,800,000 | 684,763,000 | 519,392,000 | 489,395,000 | -797,923,000 | 491,165,000 | 113,318,000 | 294,401,000 | 45,369,000 | 15,737,000 | -114,626,000 | 229,423,000 | 175,054,000 | 374,964,000 | 395,553,000 | -97,741,000 | 120,726,000 | 412,710,000 | -273,129,000 | 121,296,000 | 61,116,000 | 238,747,000 | 133,392,000 | 32,444,000 | 176,420,000 | 47,628,000 | 18,979,000 | 52,053,000 | -2,606,000 | 39,727,000 | 46,592,000 | 43,998,000 | -19,104,000 | 78,006,000 | -20,260,000 | -15,511,000 |
capital expenditures | -50,646,000 | -31,310,000 | -31,882,000 | -26,993,000 | -56,599,000 | -38,357,000 | -31,998,000 | -51,694,000 | -37,682,000 | -29,522,000 | -32,253,000 | 0 | -36,289,000 | -44,233,000 | -41,187,000 | -36,292,000 | -31,400,000 | -32,479,000 | -34,149,000 | -52,049,000 | -29,792,000 | -30,424,000 | -26,137,000 | -16,672,000 | -15,664,000 | -11,994,000 | -18,168,000 | -24,030,000 | -14,030,000 | -15,060,000 | -8,083,000 | -6,472,000 | -5,742,000 | -7,375,000 | -6,508,000 | -5,759,000 | -3,834,000 | -8,313,000 | -7,527,000 |
free cash flows | 1,400,410,000 | 343,012,000 | 101,454,000 | -13,193,000 | 628,164,000 | 481,035,000 | 457,397,000 | -849,617,000 | 453,483,000 | 83,796,000 | 262,148,000 | 45,369,000 | -20,552,000 | -158,859,000 | 188,236,000 | 138,762,000 | 343,564,000 | 363,074,000 | -131,890,000 | 68,677,000 | 382,918,000 | -303,553,000 | 95,159,000 | 44,444,000 | 223,083,000 | 121,398,000 | 14,276,000 | 152,390,000 | 33,598,000 | 3,919,000 | 43,970,000 | -9,078,000 | 33,985,000 | 39,217,000 | 37,490,000 | -24,863,000 | 74,172,000 | -28,573,000 | -23,038,000 |
cash flows from investing activities: | |||||||||||||||||||||||||||||||||||||||
purchases of marketable debt securities | -198,939,000 | -119,961,000 | -162,188,000 | -162,327,000 | -278,142,000 | -573,287,000 | -184,048,000 | -191,711,000 | -511,153,000 | -366,990,000 | -56,761,000 | ||||||||||||||||||||||||||||
proceeds from maturities of marketable debt securities | 144,688,000 | 131,116,000 | 147,508,000 | 214,832,000 | 332,719,000 | 253,292,000 | 204,737,000 | 393,090,000 | 338,238,000 | 382,731,000 | 273,771,000 | 230,293,000 | 228,362,000 | 278,355,000 | 262,559,000 | 221,642,000 | 313,295,000 | 156,729,000 | 139,353,000 | 202,203,000 | 137,245,000 | 169,540,000 | 98,146,000 | 105,206,000 | 105,453,000 | 108,724,000 | 111,505,000 | 68,851,000 | |||||||||||
proceeds from sale of marketable debt securities | 18,459,000 | 108,568,000 | 265,191,000 | 9,164,000 | 41,457,000 | 68,327,000 | 327,128,000 | 299,645,000 | 14,576,000 | 9,177,000 | 15,697,000 | 213,199,000 | 2,382,000 | 55,790,000 | 178,352,000 | 58,373,000 | 183,964,000 | 125,418,000 | 249,342,000 | 153,265,000 | 101,536,000 | 83,599,000 | 247,027,000 | 221,372,000 | 210,725,000 | 71,712,000 | 44,810,000 | 65,634,000 | |||||||||||
payments for originations of consumer receivables | -7,914,512,000 | -7,740,021,000 | -6,898,769,000 | -9,120,940,000 | -7,330,546,000 | -6,771,800,000 | -6,095,104,000 | ||||||||||||||||||||||||||||||||
proceeds from principal repayments and sales of consumer receivables | 8,226,792,000 | 7,892,158,000 | 7,602,325,000 | 8,779,824,000 | 7,414,944,000 | 6,903,007,000 | 6,824,596,000 | 7,427,562,000 | 5,880,142,000 | 5,594,147,000 | 5,339,800,000 | ||||||||||||||||||||||||||||
purchases and originations of loans originally classified as held for investment | -6,479,741,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from repayments of loans originally classified as held for investment | 5,172,217,000 | ||||||||||||||||||||||||||||||||||||||
purchases of property and equipment | -50,646,000 | -31,310,000 | -31,882,000 | -26,993,000 | -56,599,000 | -38,357,000 | -31,998,000 | -51,694,000 | -37,682,000 | -29,522,000 | -32,253,000 | ||||||||||||||||||||||||||||
purchases of other investments | -19,060,000 | -19,393,000 | -7,477,000 | -16,716,000 | -18,139,000 | -16,155,000 | -2,924,000 | -26,576,000 | -2,880,000 | 424,000 | -4,821,000 | ||||||||||||||||||||||||||||
net cash from investing activities | -1,100,742,000 | -485,780,000 | 914,708,000 | -323,156,000 | 105,694,000 | -174,973,000 | 1,042,387,000 | 278,233,000 | -173,931,000 | -45,025,000 | 623,924,000 | -279,554,000 | 164,967,000 | 209,670,000 | 1,130,613,000 | -54,260,000 | -323,580,000 | -775,016,000 | -158,023,000 | -229,418,000 | -187,678,000 | -114,617,000 | -200,923,000 | -25,368,000 | -70,387,000 | -609,208,000 | -150,554,000 | -15,493,000 | -104,765,000 | -85,350,000 | -170,394,000 | -15,214,000 | -23,880,000 | -81,326,000 | |||||
cash flows from financing activities: | |||||||||||||||||||||||||||||||||||||||
proceeds from issuance of senior notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||
payments of debt issuance costs from issuance of senior notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||
payments to redeem convertible notes | 0 | 0 | -1,000,624,000 | 0 | 0 | 0 | 0 | 0 | -1,071,788,000 | ||||||||||||||||||||||||||||||
proceeds from warehouse facilities borrowings | 13,033,000 | 212,673,000 | 222,824,000 | 849,386,000 | 86,725,000 | 159,047,000 | 160,587,000 | 823,074,000 | 275,170,000 | 241,443,000 | 47,975,000 | 909,350,000 | 335,236,000 | 192,779,000 | 183,440,000 | ||||||||||||||||||||||||
repayments of warehouse facilities borrowings | -214,552,000 | -151,180,000 | -1,091,137,000 | -275,638,000 | -86,046,000 | -177,453,000 | -790,592,000 | -150,428,000 | -173,271,000 | -101,828,000 | -692,556,000 | -80,734,000 | -28,179,000 | -192,059,000 | -90,491,000 | ||||||||||||||||||||||||
proceeds from the exercise of stock options and purchases under the employee stock purchase plan | 7,165,000 | 48,799,000 | 2,283,000 | 66,726,000 | 1,852,000 | 66,258,000 | 19,943,000 | 60,017,000 | 4,454,000 | 59,137,000 | 6,825,000 | 32,535,000 | 6,116,000 | 39,024,000 | 4,093,000 | 41,853,000 | 12,711,000 | 39,264,000 | 32,891,000 | 55,385,000 | 28,515,000 | 39,070,000 | 27,581,000 | 50,615,000 | 22,026,000 | ||||||||||||||
net increase in interest-bearing deposits | 26,384,000 | 20,329,000 | 34,463,000 | 1,169,000 | 31,718,000 | 23,319,000 | 18,650,000 | -32,108,000 | 28,660,000 | 14,982,000 | 13,601,000 | ||||||||||||||||||||||||||||
repurchases of common stock | -403,027,000 | -692,204,000 | -445,298,000 | -183,160,000 | -345,576,000 | -389,508,000 | -252,095,000 | ||||||||||||||||||||||||||||||||
other financing activities | 0 | 0 | 0 | 0 | -15,657,000 | -2,836,000 | -4,753,000 | -682,000 | -869,000 | -1,055,000 | -1,178,000 | ||||||||||||||||||||||||||||
change in customer funds, restricted from use in the company's operations | -134,098,000 | -310,915,000 | 1,065,857,000 | 249,087,000 | 383,072,000 | -495,633,000 | 875,916,000 | 256,693,000 | -438,919,000 | -447,817,000 | 620,149,000 | 196,667,000 | 78,281,000 | -285,528,000 | 359,910,000 | ||||||||||||||||||||||||
net cash from financing activities | 1,466,559,000 | -907,828,000 | -1,211,632,000 | 707,570,000 | 71,745,000 | 1,140,938,000 | 32,409,000 | 800,436,000 | -319,563,000 | -711,927,000 | -9,083,000 | 978,988,000 | 358,791,000 | -271,643,000 | -968,556,000 | 653,294,000 | -112,607,000 | 1,930,355,000 | 180,992,000 | 983,771,000 | -35,388,000 | 448,692,000 | 918,120,000 | -12,665,000 | -43,804,000 | -15,553,000 | -26,852,000 | -174,983,000 | -101,073,000 | 788,773,000 | 3,038,000 | 23,812,000 | 3,342,000 | 50,196,000 | 377,583,000 | 47,967,000 | 32,808,000 | 14,816,000 | -4,850,000 |
effect of foreign exchange rate on cash and cash equivalents | -14,417,000 | 72,683,000 | 22,249,000 | -102,139,000 | 53,371,000 | 1,984,000 | -41,755,000 | 57,611,000 | -35,410,000 | 5,922,000 | 1,033,000 | 56,609,000 | -59,530,000 | -34,494,000 | -948,000 | 7,245,000 | -7,219,000 | 1,114,000 | -8,206,000 | 12,223,000 | 5,954,000 | 8,406,000 | -13,588,000 | 4,514,000 | -3,013,000 | 1,063,000 | 1,277,000 | -3,067,000 | -649,000 | -4,902,000 | 1,397,000 | ||||||||
net increase in cash, cash equivalents, restricted cash, and customer funds | 1,802,456,000 | -946,603,000 | -141,339,000 | 296,075,000 | 915,573,000 | 1,487,341,000 | 1,522,436,000 | 338,357,000 | -37,739,000 | -637,712,000 | 910,275,000 | 801,412,000 | 479,965,000 | -211,093,000 | 390,532,000 | ||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and customer funds, beginning of the period | 0 | 0 | 13,230,512,000 | 0 | 0 | 0 | 9,009,087,000 | 0 | 0 | 0 | 8,435,906,000 | 0 | 0 | ||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and customer funds, end of the period | 1,802,456,000 | -946,603,000 | 13,089,173,000 | 296,075,000 | 915,573,000 | 1,487,341,000 | 10,531,523,000 | 338,357,000 | -37,739,000 | -637,712,000 | 9,346,181,000 | 801,412,000 | 479,965,000 | ||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, restricted cash, and customer funds: | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 1,951,710,000 | -704,607,000 | 7,088,831,000 | -224,557,000 | 500,711,000 | 2,045,657,000 | 5,753,436,000 | -115,828,000 | 366,409,000 | -315,207,000 | 5,061,091,000 | 212,415,000 | 311,321,000 | 26,901,000 | 3,993,565,000 | ||||||||||||||||||||||||
short-term restricted cash | -13,929,000 | 63,745,000 | 681,774,000 | 271,545,000 | 33,078,000 | -62,298,000 | 660,153,000 | 197,626,000 | 36,021,000 | 122,466,000 | 414,267,000 | 393,210,000 | 89,586,000 | 47,534,000 | 109,450,000 | ||||||||||||||||||||||||
long-term restricted cash | -1,227,000 | 5,175,000 | 69,838,000 | 0 | -1,288,000 | -385,000 | 71,588,000 | -134,000 | -1,250,000 | 2,846,000 | 70,350,000 | -879,000 | 777,000 | 0 | 71,702,000 | ||||||||||||||||||||||||
customer funds cash and cash equivalents | -134,098,000 | -310,916,000 | 5,248,730,000 | 249,087,000 | 383,072,000 | -495,633,000 | 4,046,346,000 | 256,693,000 | -438,919,000 | -447,817,000 | 3,800,473,000 | 196,666,000 | 78,281,000 | -285,528,000 | 3,190,905,000 | ||||||||||||||||||||||||
total | 1,802,456,000 | -946,603,000 | 13,089,173,000 | 296,075,000 | 915,573,000 | 1,487,341,000 | 10,531,523,000 | 338,357,000 | -37,739,000 | -637,712,000 | 9,346,181,000 | 801,412,000 | 479,965,000 | -211,093,000 | 7,365,622,000 | ||||||||||||||||||||||||
settlements payable | 0 | -330,000 | 0 | -5,000 | -793,000 | -7,341,000 | -507,041,000 | 192,313,000 | -74,780,000 | -64,528,000 | 132,709,000 | 64,860,000 | -35,000 | 10,360,000 | 4,809,000 | -7,206,000 | -6,918,000 | 24,564,000 | 88,657,000 | -28,426,000 | 89,981,000 | -6,684,000 | 14,237,000 | -209,055,000 | 24,531,000 | 211,984,000 | -149,137,000 | 62,658,000 | 23,714,000 | 2,114,000 | 33,374,000 | 39,580,000 | 6,061,000 | -15,378,000 | |||||
loss on revaluation of equity investments | 126,000 | 1,111,000 | |||||||||||||||||||||||||||||||||||||
purchases and originations of loans | -5,032,615,000 | -4,323,127,000 | -3,976,298,000 | -3,900,712,000 | -3,010,609,000 | -2,689,922,000 | -2,125,507,000 | -1,936,422,000 | -1,834,442,000 | -1,430,249,000 | -2,302,303,000 | -1,430,630,000 | -951,665,000 | -941,866,000 | -621,290,000 | ||||||||||||||||||||||||
proceeds from payments and forgiveness of loans | 4,721,581,000 | 3,993,454,000 | 3,834,612,000 | 3,760,258,000 | 2,824,953,000 | 2,457,247,000 | 1,984,517,000 | 1,837,408,000 | 1,753,515,000 | 1,396,470,000 | 2,232,216,000 | 1,299,417,000 | 1,112,266,000 | ||||||||||||||||||||||||||
bitcoin impairment losses | 8,991,000 | 1,619,000 | 0 | 6,000,000 | 45,266,000 | 19,860,000 | |||||||||||||||||||||||||||||||||
goodwill and intangible asset impairment | |||||||||||||||||||||||||||||||||||||||
proceeds from maturities of marketable debt securities from customer funds | 0 | 0 | 0 | 73,000,000 | 49,020,000 | 122,281,000 | 146,700,000 | 187,500,000 | 145,887,000 | 95,000,000 | 77,000,000 | 65,000,000 | 42,855,000 | 52,200,000 | 30,000,000 | 33,000,000 | |||||||||||||||||||||||
proceeds from sale of marketable debt securities from customer funds | 0 | 0 | 0 | 316,576,000 | 25,071,000 | 22,973,000 | 6,000,000 | 0 | 22,457,000 | ||||||||||||||||||||||||||||||
business combinations, net of cash acquired | 0 | -21,000 | 0 | 334,000 | -50,000,000 | -10,867,000 | -5,612,000 | -12,742,000 | 0 | 0 | -9,124,000 | -11,248,000 | 0 | -571,000 | |||||||||||||||||||||||||
repayments of paycheck protection program liquidity facility advances | 0 | ||||||||||||||||||||||||||||||||||||||
payments for tax withholding related to vesting of restricted stock units | -1,000 | -481,000 | -1,797,000 | -2,456,000 | -10,605,000 | -20,181,000 | -140,212,000 | -152,013,000 | -131,412,000 | -88,953,000 | -44,882,000 | -48,772,000 | -48,220,000 | -57,381,000 | -55,862,000 | -50,801,000 | -63,225,000 | -57,324,000 | -40,924,000 | -27,651,000 | -26,384,000 | ||||||||||||||||||
bitcoin remeasurement | -5,288,000 | 70,116,000 | -233,404,000 | ||||||||||||||||||||||||||||||||||||
goodwill impairment | |||||||||||||||||||||||||||||||||||||||
purchases of marketable debt securities from customer funds | |||||||||||||||||||||||||||||||||||||||
purchases of bitcoin investments | |||||||||||||||||||||||||||||||||||||||
proceeds from sale of equity investments | 0 | 42,419,000 | 359,252,000 | 18,973,000 | |||||||||||||||||||||||||||||||||||
proceeds from ppp liquidity facility advances | -3,000 | 0 | 187,242,000 | 494,300,000 | -9,402,000 | 25,732,000 | |||||||||||||||||||||||||||||||||
repayments of ppp liquidity facility advances | -5,077,000 | -14,277,000 | -37,300,000 | -56,220,000 | -372,897,000 | -228,122,000 | -98,025,000 | -127,767,000 | -194,186,000 | ||||||||||||||||||||||||||||||
payments from originations of consumer receivables | -5,855,172,000 | -5,634,992,000 | -4,911,509,000 | ||||||||||||||||||||||||||||||||||||
loss on extinguishment of long-term debt | 4,258,000 | 1,403,000 | 0 | 990,000 | 3,422,000 | ||||||||||||||||||||||||||||||||||
gains on revaluation of equity investments | |||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible notes | |||||||||||||||||||||||||||||||||||||||
purchases of senior note hedges | |||||||||||||||||||||||||||||||||||||||
proceeds from issuance of warrants | 132,595,000 | 0 | 0 | 99,500,000 | 0 | 0 | 0 | 0 | 0 | 57,244,000 | |||||||||||||||||||||||||||||
purchase of marketable debt securities | -138,320,000 | -173,391,000 | -209,981,000 | -371,114,000 | -860,960,000 | -1,081,325,000 | -401,161,000 | -356,084,000 | -241,416,000 | -360,988,000 | -363,874,000 | -233,614,000 | -404,061,000 | -161,235,000 | -193,673,000 | -141,286,000 | |||||||||||||||||||||||
purchase of marketable debt securities from customer funds | 0 | -101,388,000 | -268,052,000 | -119,411,000 | -89,841,000 | -287,124,000 | -120,793,000 | -144,494,000 | -73,859,000 | -149,576,000 | -53,451,000 | -34,613,000 | |||||||||||||||||||||||||||
originations of consumer receivables | -4,742,095,000 | -5,597,528,000 | -1,946,468,000 | ||||||||||||||||||||||||||||||||||||
principal repayments of consumer receivables | 4,850,579,000 | 5,744,859,000 | 1,943,554,000 | ||||||||||||||||||||||||||||||||||||
purchase of property and equipment | -36,289,000 | -44,233,000 | -41,187,000 | -36,292,000 | -31,400,000 | -32,479,000 | -34,149,000 | -52,049,000 | -29,792,000 | -30,424,000 | -26,137,000 | -16,672,000 | -15,664,000 | -11,994,000 | -18,168,000 | -24,030,000 | -14,030,000 | -15,060,000 | -8,083,000 | -6,472,000 | -5,742,000 | -7,375,000 | -6,508,000 | -5,759,000 | -3,834,000 | -8,313,000 | -7,527,000 | ||||||||||||
purchase of bitcoin investments | 0 | 0 | 0 | -170,000,000 | |||||||||||||||||||||||||||||||||||
purchase of other investments | 369,000 | -22,953,000 | -16,495,000 | -960,000 | -2,125,000 | -16,955,000 | -28,470,000 | ||||||||||||||||||||||||||||||||
net increase in non-interest bearing deposits | 5,118,000 | 32,158,000 | 21,633,000 | ||||||||||||||||||||||||||||||||||||
non-cash interest and other | -153,834,000 | -64,351,000 | 10,736,000 | 9,044,000 | 6,117,000 | 5,207,000 | 23,745,000 | 19,615,000 | 20,358,000 | 12,411,000 | |||||||||||||||||||||||||||||
net cash acquired through business combination | 570,703,000 | ||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and customer funds, beginning of period | 6,975,090,000 | ||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash, and customer funds, end of period | 7,365,622,000 | ||||||||||||||||||||||||||||||||||||||
gain on sale of asset group | |||||||||||||||||||||||||||||||||||||||
transaction and loan losses | 57,117,000 | 62,306,000 | 48,173,000 | 20,395,000 | 15,986,000 | 15,198,000 | 37,603,000 | 108,883,000 | |||||||||||||||||||||||||||||||
sales, principal payments, and forgiveness of loans | 1,115,202,000 | 668,065,000 | |||||||||||||||||||||||||||||||||||||
proceeds from sale of asset group | |||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes | 1,130,303,000 | 0 | 0 | 986,241,000 | 0 | 0 | 0 | 0 | 0 | 428,250,000 | |||||||||||||||||||||||||||||
purchase of convertible senior note hedges | -188,945,000 | 0 | 0 | -149,200,000 | 0 | 0 | 0 | 0 | 0 | -92,136,000 | |||||||||||||||||||||||||||||
proceeds from issuance of senior unsecured notes | 0 | 0 | |||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents, restricted cash and customer funds | |||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and customer funds, beginning of the year | |||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and customer funds, end of the year | |||||||||||||||||||||||||||||||||||||||
reconciliation of cash, cash equivalents, restricted cash and customer funds: | |||||||||||||||||||||||||||||||||||||||
gain on revaluation of equity investment | 6,836,000 | -274,298,000 | 0 | -4,141,000 | 16,566,000 | ||||||||||||||||||||||||||||||||||
customer funds | 166,005,000 | 249,157,000 | -1,007,144,000 | -266,277,000 | 68,128,000 | -743,186,000 | -210,201,000 | -1,490,000 | -77,676,000 | -15,603,000 | -109,439,000 | 25,158,000 | -50,349,000 | -56,194,000 | -49,619,000 | -17,569,000 | -11,877,000 | -16,069,000 | -13,953,000 | ||||||||||||||||||||
net increase in cash, cash equivalents, and restricted cash | -68,442,000 | 1,552,006,000 | -82,978,000 | 153,858,000 | -3,709,000 | 911,211,000 | |||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, beginning of period | 0 | 0 | 3,201,863,000 | 0 | 0 | 1,098,706,000 | |||||||||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash, end of period | -68,442,000 | 1,552,006,000 | 3,118,885,000 | 153,858,000 | -3,709,000 | 2,009,917,000 | |||||||||||||||||||||||||||||||||
loss on revaluation of equity investment | 28,900,000 | 4,842,000 | 14,087,000 | ||||||||||||||||||||||||||||||||||||
purchases and originations of loans held for sale | -812,492,000 | ||||||||||||||||||||||||||||||||||||||
sales and principal payments of loans held for sale | 531,716,000 | 278,412,000 | 185,786,000 | 485,624,000 | 555,584,000 | 621,524,000 | 571,335,000 | 508,305,000 | 467,518,000 | 449,456,000 | 413,428,000 | 379,858,000 | 337,092,000 | 293,127,000 | 291,978,000 | 317,778,000 | 242,431,000 | ||||||||||||||||||||||
charge-offs to accrued transaction losses | -15,193,000 | -18,252,000 | -17,578,000 | -20,370,000 | -17,413,000 | -21,839,000 | -20,436,000 | -18,607,000 | -17,443,000 | -17,838,000 | -14,324,000 | -13,188,000 | -12,842,000 | -13,067,000 | -10,838,000 | -11,065,000 | -11,178,000 | ||||||||||||||||||||||
replacement stock awards issued in connection with acquisition | 0 | 142,000 | |||||||||||||||||||||||||||||||||||||
purchase of loans held for sale | -217,080,000 | -153,666,000 | -892,889,000 | -573,502,000 | -670,344,000 | -560,894,000 | -527,745,000 | -507,755,000 | -470,469,000 | -404,891,000 | -389,275,000 | -344,976,000 | -310,132,000 | -303,679,000 | -318,649,000 | -252,170,000 | -247,733,000 | -208,516,000 | |||||||||||||||||||||
proceeds from sale of equity investment | |||||||||||||||||||||||||||||||||||||||
purchase of intangible assets | 0 | 0 | 0 | -1,584,000 | |||||||||||||||||||||||||||||||||||
net cash from investing activities: | |||||||||||||||||||||||||||||||||||||||
principal payment on conversion of senior notes | -149,337,000 | ||||||||||||||||||||||||||||||||||||||
net increase in cash, cash equivalents and restricted cash | 444,836,000 | -8,993,000 | 93,534,000 | -63,518,000 | -132,223,000 | -663,302,000 | 652,296,000 | 40,995,000 | 41,571,000 | -60,191,000 | 12,711,000 | 252,245,000 | |||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of the year | |||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of the year | |||||||||||||||||||||||||||||||||||||||
payments for other investments | 0 | 0 | -2,000,000 | ||||||||||||||||||||||||||||||||||||
recovery of common stock in connection with indemnification settlement agreement | -280,000 | 0 | 0 | -789,000 | 0 | 0 | |||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 31,406,000 | 14,860,000 | 41,593,000 | 25,328,000 | 31,354,000 | 556,000 | |||||||||||||||||||||||||||||||||
non-cash interest and other income | 9,061,000 | 8,684,000 | 8,578,000 | 8,224,000 | 7,703,000 | 11,699,000 | 7,008,000 | 4,847,000 | 4,452,000 | 4,289,000 | 4,146,000 | 1,534,000 | |||||||||||||||||||||||||||
payment for termination of starbucks warrant | 0 | 0 | 0 | -54,808,000 | |||||||||||||||||||||||||||||||||||
amortization of operating lease right-of-use assets and accretion of operating lease liabilities | 7,596,000 | 7,664,000 | 6,690,000 | ||||||||||||||||||||||||||||||||||||
transaction, loan and advance losses | 32,722,000 | 34,264,000 | 27,841,000 | 24,474,000 | 23,596,000 | 21,976,000 | 18,031,000 | 16,833,000 | 19,893,000 | ||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 0 | 0 | 632,847,000 | 0 | 0 | 735,081,000 | 0 | 0 | 488,745,000 | ||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of period | -8,993,000 | 93,534,000 | 569,329,000 | -663,302,000 | 652,296,000 | 776,076,000 | -60,191,000 | 12,711,000 | 740,990,000 | ||||||||||||||||||||||||||||||
payment of deferred purchase consideration | 0 | -95,000 | -208,000 | ||||||||||||||||||||||||||||||||||||
principal payments on finance lease obligation | -1,284,000 | -1,284,000 | |||||||||||||||||||||||||||||||||||||
other current assets | -19,327,000 | -27,345,000 | -16,565,000 | -20,051,000 | -13,444,000 | -19,857,000 | -4,061,000 | -8,306,000 | 6,105,000 | -11,975,000 | 4,302,000 | 6,014,000 | -13,327,000 | ||||||||||||||||||||||||||
other non-current assets | -2,527,000 | 2,234,000 | 821,000 | -8,440,000 | -1,256,000 | -1,575,000 | |||||||||||||||||||||||||||||||||
accrued expenses | 15,721,000 | -23,825,000 | 24,932,000 | 3,380,000 | 2,703,000 | -8,121,000 | 3,328,000 | 13,070,000 | 3,930,000 | -495,000 | 13,870,000 | -69,594,000 | 55,810,000 | ||||||||||||||||||||||||||
other current liabilities | 16,991,000 | 8,064,000 | 9,222,000 | 14,843,000 | 3,165,000 | 4,808,000 | -5,452,000 | 4,695,000 | -368,000 | 28,847,000 | 1,809,000 | 8,879,000 | 4,567,000 | ||||||||||||||||||||||||||
payments for operating lease liabilities | -9,293,000 | ||||||||||||||||||||||||||||||||||||||
other non-current liabilities | 3,530,000 | 8,480,000 | -1,222,000 | 1,301,000 | 5,379,000 | 3,077,000 | |||||||||||||||||||||||||||||||||
proceeds from sale of property and equipment | |||||||||||||||||||||||||||||||||||||||
purchase of equity investment | |||||||||||||||||||||||||||||||||||||||
payments of offering costs related to initial public offering | 0 | 0 | -124,000 | -5,406,000 | |||||||||||||||||||||||||||||||||||
principal payments on capital lease obligation | -1,283,000 | -1,283,000 | -710,000 | -665,000 | -419,000 | -386,000 | -387,000 | -247,000 | |||||||||||||||||||||||||||||||
accounts payable | 3,246,000 | -11,706,000 | 1,990,000 | 3,292,000 | 1,080,000 | 1,602,000 | -1,459,000 | -1,280,000 | -3,405,000 | -38,000 | 2,576,000 | ||||||||||||||||||||||||||||
deferred benefit for income taxes | -34,000 | -654,000 | |||||||||||||||||||||||||||||||||||||
purchase of marketable securities | -114,803,000 | -50,221,000 | -59,426,000 | -171,429,000 | -132,204,000 | -181,851,000 | -25,663,000 | -36,858,000 | -29,159,000 | -73,086,000 | |||||||||||||||||||||||||||||
proceeds from maturities of marketable securities | 33,823,000 | 45,450,000 | 62,145,000 | 54,015,000 | 36,495,000 | 15,569,000 | 9,500,000 | ||||||||||||||||||||||||||||||||
proceeds from sale of marketable securities | 23,966,000 | 43,391,000 | 17,734,000 | 3,996,000 | 15,998,000 | ||||||||||||||||||||||||||||||||||
settlement of deferred purchase consideration | |||||||||||||||||||||||||||||||||||||||
business acquisitions | -1,055,000 | 0 | -1,600,000 | ||||||||||||||||||||||||||||||||||||
excess tax benefit from share-based payment activity | |||||||||||||||||||||||||||||||||||||||
payments for investment in privately held entity | |||||||||||||||||||||||||||||||||||||||
payment for acquisition of intangible assets | 0 | 0 | 0 | -400,000 | |||||||||||||||||||||||||||||||||||
business acquisitions, net of cash acquired | -315,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from issuance of preferred stock | |||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock upon initial public offering, net of offering costs | |||||||||||||||||||||||||||||||||||||||
principal payments on debt | |||||||||||||||||||||||||||||||||||||||
payments of debt issuance costs | |||||||||||||||||||||||||||||||||||||||
excess tax benefit from share-based payment award | |||||||||||||||||||||||||||||||||||||||
deferred benefit from income taxes | 34,000 | 0 | 99,000 | 162,000 | -167,000 | -15,000 | 78,000 | ||||||||||||||||||||||||||||||||
payment for investment in privately held entity | |||||||||||||||||||||||||||||||||||||||
effect of foreign exchange rate changes on cash and cash equivalents | 1,505,000 | 1,273,000 | 1,058,000 | -136,000 | 1,114,000 | 1,558,000 | |||||||||||||||||||||||||||||||||
other assets | -251,000 | 141,000 | 486,000 | 522,000 | 5,924,000 | -6,301,000 | |||||||||||||||||||||||||||||||||
other noncurrent liabilities | 2,794,000 | 2,902,000 | 2,807,000 | 929,000 | -1,360,000 | ||||||||||||||||||||||||||||||||||
benefit from transaction losses | 11,558,000 | 13,944,000 | 13,483,000 | 16,210,000 | 7,182,000 | ||||||||||||||||||||||||||||||||||
gain on sale of property and equipment | |||||||||||||||||||||||||||||||||||||||
customer funds obligation | 13,953,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from issuances of common stock from the exercise of options | 39,280,000 | ||||||||||||||||||||||||||||||||||||||
benefit from uncollectible receivables related to merchant cash advances | |||||||||||||||||||||||||||||||||||||||
(gain) loss on disposal of property and equipment | |||||||||||||||||||||||||||||||||||||||
customer funds held | |||||||||||||||||||||||||||||||||||||||
proceeds from sales and principal payments of loans held for sale | 234,406,000 | 209,473,000 | |||||||||||||||||||||||||||||||||||||
merchant cash advance receivable | 3,406,000 | 12,398,000 | 27,054,000 | -11,756,000 | |||||||||||||||||||||||||||||||||||
charge-offs and recoveries to accrued transaction losses | -15,308,000 | -8,148,000 | -15,536,000 | -8,939,000 | |||||||||||||||||||||||||||||||||||
other liabilities | |||||||||||||||||||||||||||||||||||||||
maturities of marketable securities | |||||||||||||||||||||||||||||||||||||||
sales of marketable securities | |||||||||||||||||||||||||||||||||||||||
increases in restricted cash | |||||||||||||||||||||||||||||||||||||||
proceeds from debt | |||||||||||||||||||||||||||||||||||||||
proceeds from issuances of common stock from the exercise of options and employee stock purchase plan | 48,135,000 | 32,808,000 | |||||||||||||||||||||||||||||||||||||
starbucks share-based instruments | |||||||||||||||||||||||||||||||||||||||
benefit from (reduction in) uncollectible merchant cash advances | 602,000 | ||||||||||||||||||||||||||||||||||||||
loss on disposal of property and equipment | -219,000 | ||||||||||||||||||||||||||||||||||||||
change in restricted cash | -20,000 | -8,140,000 | -313,000 | ||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | 95,464,000 | -28,210,000 | -100,129,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 0 | 470,775,000 | ||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 95,464,000 | -28,210,000 | 370,646,000 | ||||||||||||||||||||||||||||||||||||
benefit from uncollectible merchant cash advances | 73,000 | ||||||||||||||||||||||||||||||||||||||
gain on disposal of property and equipment | -38,000 | ||||||||||||||||||||||||||||||||||||||
impairment of intangible assets | |||||||||||||||||||||||||||||||||||||||
(increases) decreases in restricted cash | |||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of the year | |||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of the year |


