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Business Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of segment reporting information

Operating results for each reportable segment were as follows:

			Reportable Segments
(In millions)			Merchant						Financial						Total
Three Months Ended June 30, 2025
Revenues:
Processing and services revenue			$	2,285					$	2,019
Product revenue			359						533
Reportable segment revenue			$	2,644					$	2,552					$	5,196
Corporate and Other revenue (1)															320
Total Company revenue															$	5,516
Expenses:
Personnel expenses (2)			349						504
Direct costs (3)			897						219
Depreciation and amortization expense			113						127
Other operating expense (4)			203						88
Allocations from Corporate and Other (5)			168						370
Reportable segment operating income			$	914					$	1,244					$	2,158
Corporate and Other operating loss (6)															(462)
Interest expense, net															(365)
Other expense, net (7)															(39)
Income before income taxes and loss from investments in unconsolidated affiliates															$	1,292

			Reportable Segments
(In millions)			Merchant						Financial						Total
Three Months Ended June 30, 2024
Revenues:
Processing and services revenue			$	2,132					$	2,003
Product revenue			278						376
Reportable segment revenue			$	2,410					$	2,379					$	4,789
Corporate and Other revenue (1)															318
Total Company revenue															$	5,107
Expenses:
Personnel expenses (2)			332						482
Direct costs (3)			802						189
Depreciation and amortization expense			91						118
Other operating expense (4)			146						103
Allocations from Corporate and Other (5)			157						394
Reportable segment operating income			$	882					$	1,093					$	1,975
Corporate and Other operating loss (6)															(547)
Interest expense, net															(285)
Other expense, net (7)															(5)
Income before income taxes and loss from investments in unconsolidated affiliates															$	1,138

			Reportable Segments
(In millions)			Merchant						Financial						Total
Six Months Ended June 30, 2025
Revenues:
Processing and services revenue			$	4,338					$	4,011
Product revenue			678						958
Reportable segment revenue			$	5,016					$	4,969					$	9,985
Corporate and Other revenue (1)															661
Total Company revenue															$	10,646
Expenses:
Personnel expenses (2)			679						1,002
Direct costs (3)			1,720						408
Depreciation and amortization expense			209						249
Other operating expense (4)			350						176
Allocations from Corporate and Other (5)			334						742
Reportable segment operating income			$	1,724					$	2,392					$	4,116
Corporate and Other operating loss (6)															(1,025)
Interest expense, net															(696)
Other expense, net (7)															(57)
Income before income taxes and loss from investments in unconsolidated affiliates															$	2,338

			Reportable Segments
(In millions)			Merchant						Financial						Total
Six Months Ended June 30, 2024
Revenues:
Processing and services revenue			$	4,142					$	3,988
Product revenue			521						676
Reportable segment revenue			$	4,663					$	4,664					$	9,327
Corporate and Other revenue (1)															663
Total Company revenue															$	9,990
Expenses:
Personnel expenses (2)			688						970
Direct costs (3)			1,533						365
Depreciation and amortization expense			180						230
Other operating expense (4)			297						210
Allocations from Corporate and Other (5)			314						788
Reportable segment operating income			$	1,651					$	2,101					$	3,752
Corporate and Other operating loss (6)															(1,143)
Interest expense, net															(546)
Other expense, net (7)															(12)
Income before income taxes and loss from investments in unconsolidated affiliates															$	2,051

(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 June 30,												Six Months Ended June 30,
(In millions)			2025						2024						2025						2024
Depreciation and amortization:
Merchant (1)			$	127					$	104					$	239					$	206
Financial (1)			172						158						335						310
Corporate and Other (2)			514						534						1,018						1,065
Total Company			$	813					$	796					$	1,592					$	1,581
Capital expenditures, including capitalized software and other intangibles:
Merchant			$	150					$	112					$	245					$	257
Financial			167						166						312						303
Corporate and Other			162						70						257						208
Total Company			$	479					$	348					$	814					$	768

(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.

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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