v3.26.1
OTHER CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DETAILS (Tables)
 6 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Schedule of disaggregation of income statement expense
Disaggregation of relevant expense captions, as defined in ASU 2024-03, Expense Disaggregation Disclosures, consisted of the following (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Technology and development
Employee-related(1)
$302,527 $245,571 $650,650 $477,919 
Website hosting and infrastructure89,301 76,336 179,940 143,583 
Amortization, depreciation, and impairment(2)
47,078 34,585 94,991 66,597 
Other(3)
33,942 30,830 72,915 54,591 
Total technology and development
$472,848 $387,322 $998,496 $742,690 
Sales and marketing
USDC rewards$119,108 $102,521 $232,535 $202,555 
Marketing programs
59,690 90,022 143,597 194,992 
Employee-related(1)
29,787 32,319 69,165 65,775 
Other(4)
31,258 11,383 61,272 20,206 
Total sales and marketing
$239,843 $236,245 $506,569 $483,528 
General and administrative
Employee-related(1)
$171,876 $147,752 $365,237 $310,889 
Professional services54,934 71,010 104,558 129,186 
Customer support(5)
28,053 54,764 61,317 125,219 
Other(6)
102,061 80,181 201,906 182,759 
Total general and administrative
$356,924 $353,707 $733,018 $748,053 
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(1)Represents employee compensation, including transactions entered into for the benefit of employees such as health and wellness benefits.
(2)Comprises amortization, depreciation, and intangible asset impairment expenses, none of which are individually material.
(3)    Comprises primarily costs of contract resources, consulting, and facilities.
(4)    Comprises primarily amortization and costs of contract resources, consulting, and travel, as well as depreciation expenses, none of which are individually material.
(5)    Excludes employee-related and professional services expenses.
(6)    Comprises primarily costs of taxes, licenses, and fees, contract resources, settlement costs, civic contributions, and travel. Also includes amortization, depreciation, and intangible asset impairments, none of which are individually material.
Schedule of other expense (income), net
Other expense (income), net consisted of the following (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2026202520262025
Losses (gains) on investments, net(1)
$58,178 $(1,472,121)$11,381 $(1,475,448)
Other
(8,270)(34,784)(23,114)(25,269)
Total other expense (income), net$49,908 $(1,506,905)$(11,733)$(1,500,717)
_______________
(1)Comprises losses (gains) on Marketable and Strategic investments, excluding Crypto assets held for investment. For the six months ended June 30, 2026, the amount includes $90.8 million in realized net gains. Realized gains and losses for all other periods presented are immaterial. For the three and six months ended June 30, 2026, the amount includes $72.1 million and an immaterial amount, respectively, in unrealized net losses on equity securities still held at June 30, 2026. For the three and six months ended June 30, 2025, the amount includes $1.4 billion and $1.5 billion, respectively, in unrealized net gains on equity securities still held at June 30, 2025. See Note 14. Fair Value Measurements for additional details.