Like numbers, definition of 
square root can be extended for matrices. A matrix 
B is said to be a square root of 
A if  
B2=A. For example square roots of the matrix 

 are 

, 

 and their additive inverses.
There are a number of methods for calculating square roots of matrices. One of the frequently used method is diagonalization method. An 
n×n matrix 
A is diagonalizable if there is a matrix 
V and a diagonal matrix 
D such that 
A = VD-1V . This happens if and only if 
A has 
n eigenvectors which constitute a basis for 
Cn. In this case, 
V can be chosen to be the matrix with the 
n eigenvectors as columns, and a square root of 
A is 
VSV-1, where 
S is any square root of 
D. Indeed, 
(VD1/2V-1)2 = VD1/2(V-1V)D1/2V-1 = VDV-1 = A .
As in the example, the matrix 

 can be diagonalized as 

 , where 

 and 

. 
D has principal square root 

 , giving the square root 

. 
Ref: Wikipedia