Business Segment Information (Tables)

3 Months Ended

Mar. 31, 2025

Schedule of segment reporting information

Operating results for each reportable segment were as follows:


	Reportable Segments
(In millions)	Merchant		Financial		Total
Three Months Ended March 31, 2025
Revenues:
Processing and services revenue	$	2,053	$	1,992
Product revenue	319		425
Reportable segment revenue	$	2,372	$	2,417	$	4,789
Corporate and Other revenue (1)					341
Total Company revenue					$	5,130
Expenses:
Personnel expenses (2)	330		498
Direct costs (3)	823		189
Depreciation and amortization expense	96		122
Other operating expense (4)	147		88
Allocations from Corporate and Other (5)	166		372

Reportable segment operating income	$	810	$	1,148	$	1,958
Corporate and Other operating loss (6)					(563)

Interest expense, net					(331)
Other expense, net (7)					(18)
Income before income taxes and loss from investments in unconsolidated affiliates					$	1,046


	Reportable Segments
(In millions)	Merchant		Financial		Total





















Three Months Ended March 31, 2024
Revenues:
Processing and services revenue	$	2,010	$	1,985
Product revenue	243		300
Reportable segment revenue	$	2,253	$	2,285	$	4,538
Corporate and Other revenue (1)					345
Total Company revenue					$	4,883
Expenses:
Personnel expenses (2)	356		488
Direct costs (3)	731		176
Depreciation and amortization expense	89		112
Other operating expense (4)	151		107
Allocations from Corporate and Other (5)	157		394

Reportable segment operating income	$	769	$	1,008	$	1,777
Corporate and Other operating loss (6)					(596)

Interest expense, net					(261)
Other expense, net (7)					(7)
Income before income taxes and loss from investments in unconsolidated affiliates					$	913

(1)Primarily includes postage reimbursements.

(2)Includes compensation and benefit costs of Company employees, as well as expenses paid to third parties for consulting and

temporary help, net of capitalized software costs.

(3)Includes cost of goods sold, payments to distribution partners and other reselling costs.

(4)Includes data processing, facility, and marketing costs that are directly charged to the reportable segments.

(5)Represents centrally-managed costs, including sales, technology and administrative expenses, that are allocated to the reportable segments from Corporate and Other and are considered in the CODM’s evaluation of segment performance.

(6)Includes amortization of acquisition-related intangible assets; costs associated with acquisition and divestiture activity; unallocated corporate expenses; and gains or losses on sales of businesses.

(7)Includes foreign currency transaction gains and losses, gains or losses from a sale or change in fair value of investments in certain equity securities, and amounts related to debt guarantee arrangements of certain equity method investments.

Other significant items include:


	Three Months Ended March 31,
(In millions)	2025		2024
Depreciation and amortization:
Merchant (1)	$	112	$	102
Financial (1)	163		152
Corporate and Other (2)	504		531
Total Company	$	779	$	785

Capital expenditures, including capitalized software and other intangibles:
Merchant	$	95	$	145
Financial	145		137
Corporate and Other	95		138
Total Company	$	335	$	420

(1)Includes amortization associated with commissions, residual buyouts and deferred conversion costs included within personnel expenses, direct costs and other operating expenses, respectively, in the segment operating results tables above.

(2)Primarily includes amortization of acquisition-related intangible assets, such as customer relationships, software/technology and trade names.