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SEGMENT AND GEOGRAPHICAL INFORMATION
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT AND GEOGRAPHICAL INFORMATION SEGMENT AND GEOGRAPHICAL INFORMATION
The Company reports its segments to reflect the manner in which the Company's chief operating decision maker ("CODM") reviews and assesses performance. The Company's CODM is the Block Head and Chairperson. The Company has two reportable segments, Square and Cash App. Products and services that are not assigned to a specific reportable segment, including but not limited to TIDAL and other emerging ecosystems, are aggregated and presented within a general corporate and other category. Square and Cash App are defined as follows:

Cash App includes the financial tools available to individuals within the mobile Cash App, including peer-to-peer payments, bitcoin and stock investments. Cash App also includes Cash App Card, which is linked to customer stored balances that customers can use to pay for purchases or withdraw funds from an ATM, as well as Cash App Borrow, which is a credit product that allows eligible customers to access short-term loans for a fee. Cash App also includes all BNPL products.

Square includes managed payment services, software solutions, hardware, and financial solutions offered to sellers, excluding those that involve Cash App.

The primary financial measures used by the CODM to evaluate performance and allocate resources are revenue and gross profit. The CODM uses segment gross profit for each segment during the annual budgeting and forecasting process. Further, the CODM uses gross profit as the metric to guide the business trajectory and to consider the overall gross profit growth by segment on a quarterly basis, when making decisions about the allocation of operating and capital resources to each segment. The CODM does not evaluate performance or allocate resources based on segment asset data, and therefore such information is not included.
The following tables present information on the reportable segments revenue and segment gross profit, as well as amounts for the "Corporate and Other" category, which includes products and services not assigned to reportable segments and intersegment eliminations (in thousands):
Three Months Ended
June 30, 2026
Six Months Ended
June 30, 2026
Cash AppSquareCorporate and Other TotalCash AppSquareCorporate and Other Total
Revenue:
Commerce enablement revenue$1,130,858 $2,160,757 $49,956 $3,341,571 $2,217,324 $3,963,581 $99,136 $6,280,041 
Financial solutions revenue1,076,907 305,461 — 1,382,368 2,116,927 587,426 — 2,704,353 
Bitcoin ecosystem revenue1,812,918 37,345 43,485 1,893,748 3,557,138 64,878 68,124 3,690,140 
Segment revenue$4,020,683 $2,503,563 $93,441 $6,617,687 $7,891,389 $4,615,885 $167,260 $12,674,534 
Less: Cost of revenue2,047,680 1,343,327 60,599 3,451,606 4,010,252 2,474,099 114,863 6,599,214 
Segment gross profit$1,973,003 $1,160,236 $32,842 $3,166,081 $3,881,137 $2,141,786 $52,397 $6,075,320 
Interest revenue$44,251 $9,794 $— $54,045 $87,624 $18,166 $— $105,790 
Amortization of acquired technology assets$11,672 $1,133 $— $12,805 $23,343 $2,279 $— $25,622 

Three Months Ended
June 30, 2025
Six Months Ended
June 30, 2025
Cash AppSquareCorporate and Other TotalCash AppSquareCorporate and Other Total
Revenue:
Commerce enablement revenue$940,416 $1,915,179 $42,707 $2,898,302 $1,840,520 $3,541,800 $82,957 $5,465,277 
Financial solutions revenue733,457 251,096 — 984,553 1,382,929 476,635 — 1,859,564 
Bitcoin ecosystem revenue2,171,055 — 547 2,171,602 4,500,493 — 919 4,501,412 
Segment revenue$3,844,928 $2,166,275 $43,254 $6,054,457 $7,723,942 $4,018,435 $83,876 $11,826,253 
Less: Cost of revenue2,344,428 1,139,464 34,035 3,517,927 4,843,491 2,093,726 62,903 7,000,120 
Segment gross profit $1,500,500 $1,026,811 $9,219 $2,536,530 $2,880,451 $1,924,709 $20,973 $4,826,133 
Interest revenue$50,126 $10,548 $— $60,674 $99,364 $18,485 $— $117,849 
Amortization of acquired technology assets$12,897 $1,507 $— $14,404 $26,063 $3,015 $— $29,078 
The following table provides a reconciliation of total segment gross profit to the Company’s income (loss) before applicable income taxes (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
Total segment gross profit$3,133,239 $2,527,311 $6,022,923 $4,805,160 
Add: Corporate and other gross profit32,842 9,219 52,397 20,973 
Less: Product development608,660 725,288 1,647,533 1,485,987 
Less: Sales and marketing664,955 549,731 1,315,463 1,054,191 
Less: General and administrative825,869 449,237 1,683,433 941,034 
Less: Transaction, loan, and consumer receivable losses585,450 294,090 1,085,575 463,779 
Less: Amortization of customer and other intangible assets34,277 33,891 68,436 67,547 
Less: Interest expense, net55,721 23,687 108,916 40,930 
Less: Remeasurement loss (gain) on bitcoin investment88,474 (212,165)261,292 (118,814)
Less: Other expense (income), net1,199 13,389 (4,227)5,047 
Income (loss) before applicable income taxes$301,476 $659,382 $(91,101)$886,432 

Revenue

Revenue by geography is based on the addresses of the sellers or customers. The following table details revenue by geographic area (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2026202520262025
United States$6,025,374 $5,562,423 $11,556,124 $10,910,053 
International592,313 492,034 1,118,410 916,200 
Total$6,617,687 $6,054,457 $12,674,534 $11,826,253 

No individual country from the international markets contributed more than 10% of total revenue for the three and six months ended June 30, 2026 and June 30, 2025.

Long-Lived Assets

The following table details long-lived assets by geography (in thousands):
  June 30, 2026December 31, 2025
United States$7,110,540 $7,281,727 
Australia4,594,669 4,453,807 
Other international1,890,316 1,933,458 
Total$13,595,525 $13,668,992 

Assets by reportable segment were not included, as this information is not reviewed by the CODM to make operating decisions or allocate resources and is reviewed on a consolidated basis.