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Revenue
6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company’s disaggregated net revenue by category and geographic region were as follows:
Three Months Ended June 30,Six Months Ended June 30,
2025202420252024
(in millions)
Net revenue by category:
Payment network$4,945 $4,375 $9,377 $8,295 
Value-added services and solutions3,188 2,586 6,006 5,014 
Net revenue$8,133 $6,961 $15,383 $13,309 
Net revenue by geographic region:
Americas 1
$3,406 $3,164 $6,557 $5,937 
Asia Pacific, Europe, Middle East and Africa
4,727 3,797 8,826 7,372 
Net revenue$8,133 $6,961 $15,383 $13,309 
1Americas includes the United States, Canada and Latin America.
The Company’s customers are generally billed weekly, with certain billings occurring on a monthly and quarterly basis. The frequency of billing is dependent upon the nature of the performance obligation and the underlying contractual terms. The Company does not typically offer extended payment terms to customers. The following table sets forth the location of the amounts recognized on the consolidated balance sheets from contracts with customers:
June 30,
2025
December 31,
2024
(in millions)
Receivables from contracts with customers
Accounts receivable
$3,908 $3,491 
Contract assets
Prepaid expenses and other current assets161 210 
Other assets487 460 
Deferred revenue 1
Other current liabilities1,176 890 
Other liabilities398 449 
1    Revenue recognized from performance obligations satisfied for the three and six months ended June 30, 2025 was $699 million and $1,350 million, respectively