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Revenue
9 Months Ended
Sep. 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 September 30,Nine Months Ended September 30,
2025202420252024
(in millions)
Net revenue by category:
Payment network$5,179 $4,629 $14,556 $12,924 
Value-added services and solutions3,423 2,740 9,429 7,754 
Net revenue$8,602 $7,369 $23,985 $20,678 
Net revenue by geographic region:
Americas 1
$3,651 $3,156 $10,207 $9,093 
Asia Pacific, Europe, Middle East and Africa
4,951 4,213 13,778 11,585 
Net revenue$8,602 $7,369 $23,985 $20,678 
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:
September 30,
2025
December 31,
2024
(in millions)
Receivables from contracts with customers
Accounts receivable
$3,874 $3,491 
Contract assets
Prepaid expenses and other current assets162 210 
Other assets464 460 
Deferred revenue 1
Other current liabilities1,222 890 
Other liabilities378 449 
1    Revenue recognized from performance obligations satisfied for the three and nine months ended September 30, 2025 was $838 million and $2,187 million, respectively