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| In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Square | 6,699.8 | 5,193.3 | 3,529.2 | 3,462.0 | | | | |
| Corporate and Other | 205.6 | 152.4 | | | | | | |
| Transaction-based revenue | 5,701.5 | 4,793.1 | 3,295.0 | 3,081.1 | 2,471.5 | 1,920.2 | | |
| Other | 4,924.6 | 7,522.4 | 2,673.4 | | 826.7 | 294.1 | | |
| Total revenues [+] | 17,531.6 | 17,661.2 | 9,497.6 | 4,713.5 | 3,298.2 | 2,214.3 | 1,708.7 | 1,267.1 |
| Products | | | | | | | | 16.4 |
| Revenue growth [+] | -0.7% | 86.0% | 101.5% | 42.9% | 49.0% | 29.6% | 34.9% | 49.0% |
| Square | 29.0% | 47.2% | 1.9% | | | | | |
| Corporate and Other | 35.0% | | | | | | | |
| Transaction-based revenue | 19.0% | 45.5% | 6.9% | 24.7% | 28.7% | | | |
| Subscription and services-based revenue | 68.0% | 76.0% | 49.2% | 74.3% | 134.2% | | | |
| Cost of goods sold [+] | 11,539.7 | 13,241.4 | 6,764.2 | 2,823.8 | 1,994.5 | 1,374.9 | 1,132.7 | 897.1 |
| Cost of product sales | | | | | | | | 30.9 |
| Amortization of intangibles | 70.2 | 22.6 | 11.2 | | | | | 5.6 |
| Gross profit | 5,991.9 | 4,419.8 | 2,733.4 | 1,889.7 | 1,303.7 | 839.3 | 576.0 | 370.0 |
| Gross margin | 34.2% | 25.0% | 28.8% | 40.1% | 39.5% | 37.9% | 33.7% | 29.2% |
| Selling, general and administrative [+] | 4,584.8 | 3,378.3 | 2,324.2 | 1,341.7 | 899.4 | 503.7 | 425.9 | 289.1 |
| Sales and marketing | 2,898.0 | 2,395.5 | 1,745.0 | 904.8 | 560.2 | 253.2 | 173.9 | 145.6 |
| General and administrative | 1,686.8 | 982.8 | 579.2 | 436.9 | 339.2 | 250.6 | 252.0 | 143.5 |
| Research and development | 2,135.6 | 1,383.8 | 881.8 | 674.2 | 497.5 | 321.9 | 268.5 | 199.6 |
| Other operating expenses | -289.3 | -590.3 | -457.6 | 594.1 | -56.6 | 67.9 | 52.1 | 55.8 |
| EBITDA [+] | -237.4 | 367.0 | 65.4 | -644.7 | 24.3 | -16.9 | -132.7 | -146.8 |
| EBITDA growth | -164.7% | 461.2% | -110.1% | -2748.1% | -243.8% | -87.2% | -9.6% | 11.3% |
| EBITDA margin | -1.4% | 2.1% | 0.7% | -13.7% | 0.7% | -0.8% | -7.8% | -11.6% |
| Depreciation | 201.8 | 119.0 | 80.4 | 75.6 | 61.0 | 37.3 | 37.7 | 25.9 |
| EBITA | -439.2 | 248.0 | -15.0 | -720.3 | -36.6 | -54.2 | -170.5 | -172.7 |
| EBITA margin | -2.5% | 1.4% | -0.2% | -15.3% | -1.1% | -2.4% | -10.0% | -13.6% |
| Amortization of intangibles | 138.8 | 15.7 | 3.9 | | | | | 1.8 |
| EBIT [+] | -578.0 | 232.2 | -18.8 | -720.3 | -36.6 | -54.2 | -170.5 | -174.5 |
| EBIT growth | -348.9% | -1334.3% | -97.4% | 1867.4% | -32.5% | -68.2% | -2.3% | 15.9% |
| EBIT margin | -3.3% | 1.3% | -0.2% | -15.3% | -1.1% | -2.4% | -10.0% | -13.8% |
| Non-recurring items [+] | 46.6 | 71.1 | | -746.9 | | | | |
| Asset impairment | 46.6 | 71.1 | | | | | | |
| Loss (gain) on sale of assets | | | | -373.4 | | | | |
| Loss (gain) on disposal of assets | | | | -373.4 | | | | |
| Interest expense, net [+] | 36.2 | 33.1 | 56.9 | -44.9 | -37.8 | 10.1 | 0.5 | 1.0 |
| Interest expense | 36.2 | 33.1 | 56.9 | -21.5 | -18.0 | 10.1 | 0.5 | 1.0 |
| Interest income | | | | 23.4 | 19.8 | | | |
| Other income (expense), net | 95.4 | 29.5 | 291.7 | 306.7 | -37.3 | 1.6 | 1.3 | -0.6 |
| Pre-tax income | -565.3 | 157.5 | 216.0 | 378.2 | -36.1 | -62.7 | -169.7 | -176.1 |
| Income taxes | -12.3 | -1.4 | 2.9 | 2.8 | 2.3 | 0.1 | 1.9 | 3.7 |
| Tax rate | 2.2% | | 1.3% | 0.7% | | | | |
| Minority interest | -12.3 | -7.5 | | | | | | |
| Net income | -540.7 | 166.3 | 213.1 | 375.4 | -38.5 | -62.8 | -171.6 | -212.0 |
| Net margin | -3.1% | 0.9% | 2.2% | 8.0% | -1.2% | -2.8% | -10.0% | -16.7% |
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| Basic EPS [+] | ($0.93) | $0.36 | $0.48 | $0.88 | ($0.09) | ($0.17) | ($0.50) | ($1.24) |
| Growth | -357.5% | -24.6% | -45.6% | -1032.1% | -42.8% | -67.0% | -59.6% | 14.6% |
| Diluted EPS [+] | ($0.93) | $0.33 | $0.44 | $0.81 | ($0.09) | ($0.17) | ($0.50) | ($1.24) |
| Growth | -381.8% | -25.0% | -45.1% | -950.0% | -42.8% | -67.0% | -59.6% | 14.6% |
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| Shares outstanding (basic) [+] | 578.9 | 458.4 | 443.1 | 425.0 | 405.7 | 379.3 | 341.6 | 170.5 |
| Growth | 26.3% | 3.5% | 4.3% | 4.7% | 7.0% | 11.1% | 100.3% | 20.0% |
| Shares outstanding (diluted) [+] | 578.9 | 501.8 | 482.2 | 466.1 | 405.7 | 379.3 | 341.6 | 170.5 |
| Growth | 15.4% | 4.1% | 3.5% | 14.9% | 7.0% | 11.1% | 100.3% | 20.0% |
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| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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