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  "documentTitle": "2025 Q4 Investor Presentation",
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  "notes": "The chart displays a stacked bar representation of gross profit across three segments: Bitcoin Ecosystem, Financial Solutions, and Commerce Enablement.",
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      "text": "Gross profit growth of 7% year over year driven by strength in Financial Solutions, most notably Square Loans, which grew origination volume 23% year over year.",
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      "text": "Quarterly gross profit by category may not sum to total gross profit due to rounding. Commerce Enablement gross profit reflects the impact of amortization of acquired technology assets. Please see these reconciliations for a detailed overview of gross profit in the periods presented.",
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      "text": "Continued growth at scale",
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