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Revenue
6 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue
Note 3—Revenue
The nature, amount, timing and uncertainty of the Company’s revenue and cash flows and how they are affected by economic factors are most appropriately depicted through the Company’s revenue categories and geographical markets. The following tables disaggregate the Company’s net revenue by revenue category and by geography:
Three Months Ended
March 31,
Six Months Ended
March 31,
2025202420252024
(in millions)
Service revenue
$4,399 $4,033 $8,607 $7,948 
Data processing revenue
4,701 4,259 9,446 8,615 
International transaction revenue
3,291 2,984 6,733 6,003 
Other revenue
937 756 1,849 1,448 
Client incentives(3,734)(3,257)(7,531)(6,605)
Net revenue
$9,594 $8,775 $19,104 $17,409 

Three Months Ended
March 31,
Six Months Ended
March 31,
2025202420252024
(in millions)
U.S.$3,811 $3,643 $7,549 $7,288 
International5,783 5,132 11,555 10,121 
Net revenue
$9,594 $8,775 $19,104 $17,409 
For the three months ended March 31, 2025 and 2024, revenue from value-added services was $2.6 billion and $2.1 billion, respectively. For the six months ended March 31, 2025 and 2024, revenue from value-added services was $5.0 billion and $4.2 billion, respectively. Revenue from value-added services is recognized within data processing, other and service revenue.
Remaining performance obligations are comprised of deferred revenue and contract revenue that will be invoiced and recognized as revenue in future periods primarily related to value-added services. As of March 31, 2025, the remaining performance obligations were $4.5 billion. The Company expects approximately half to be recognized as revenue in the next two years and the remaining thereafter. However, the amount and timing of revenue recognition is affected by several factors, including contract modifications and terminations, which could impact the estimate of amounts allocated to remaining performance obligations and when such revenue could be recognized.