v3.26.3
OTHER CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS DETAILS (Tables)
 9 Months Ended
Sep. 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
September 30,		Nine Months Ended
September 30,
2026202520262025
Technology and development
Employee-related(1)
$281,366 $271,070 $932,016 $748,989 
Website hosting and infrastructure79,419 84,885 259,359 228,468 
Amortization, depreciation, and impairment(2)
41,042 37,138 136,033 103,735 
Other(3)
45,550 37,492 118,465 92,083 
Total technology and development
$447,377 $430,585 $1,445,873 $1,173,275 
Sales and marketing
USDC rewards$129,245 $111,570 $361,780 $314,125 
Marketing programs
53,136 88,148 196,733 283,140 
Employee-related(1)
31,367 37,309 100,532 103,084 
Other(4)
28,825 23,245 90,097 43,451 
Total sales and marketing
$242,573 $260,272 $749,142 $743,800 
General and administrative
Employee-related(1)
$168,473 $179,953 $533,710 $490,842 
Professional services37,573 76,690 142,131 205,876 
Customer support(5)
27,466 46,205 88,784 171,424 
Other(6)
85,366 115,598 287,271 298,357 
Total general and administrative
$318,878 $418,446 $1,051,896 $1,166,499 
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(1)Represents employee compensation, including transactions entered into for the benefit of employees such as health and wellness benefits.
(2)Substantially all represents amortization expense. Also includes depreciation and intangible asset impairment expenses, none of which are individually material.
(3)    Comprises primarily costs of contract resources, consulting, and software.
(4)    Comprises primarily amortization, costs of contract resources, and depreciation, none of which are individually material.
(5)    Excludes employee-related and professional services expenses.
(6)    Comprises primarily costs of contract resources, software, taxes, licenses, and fees, settlement costs, civic contributions, travel, amortization, depreciation, and intangible asset impairments, none of which are individually material.
Schedule of other expense (income), net
Other (income) expense, net consisted of the following (in thousands):
Three Months Ended
September 30,		Nine Months Ended
September 30,
2026202520262025
(Gains) losses on investments, net(1)
$(39,231)$400,250 $(27,850)$(1,075,198)
Other
(27,504)(19,732)(50,618)(45,001)
Total other (income) expense, net$(66,735)$380,518 $(78,468)$(1,120,199)
_______________
(1)Comprises (gains) losses on Marketable and Strategic investments, excluding Crypto assets held for investment. For the three months ended September 30, 2025 and the nine months ended September 30, 2026, the amount includes $64.8 million and $95.1 million in realized net gains, respectively. Realized gains for all other periods presented are immaterial. For the three and nine months ended September 30, 2026, the amount includes $3.7 million and $73.0 million, respectively, in unrealized net gains on equity securities still held at September 30, 2026. For the three and nine months ended September 30, 2025, the amount includes $461.0 million in unrealized net losses and $1.0 billion in unrealized net gains, respectively, that relate to equity securities still held at September 30, 2025. See Note 14. Fair Value Measurements for additional details.