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Business Segment Information (Tables) | 9 Months Ended
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Sep. 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 September 30, 2025 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 2,274 |  |  | $ | 1,999 |  |  |
Product revenue | 312 |  |  | 334 |  |  |
Reportable segment revenue | $ | 2,586 |  |  | $ | 2,333 |  |  | $ | 4,919 |
Corporate and Other revenue (1) |  |  |  |  | 344 |
Total Company revenue |  |  |  |  | $ | 5,263 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 352 |  |  | 498 |  |  |
Direct costs (3) | 886 |  |  | 200 |  |  |
Depreciation and amortization expense | 111 |  |  | 128 |  |  |
Other operating expense (4) | 120 |  |  | 162 |  |  |
Allocations from Corporate and Other (5) | 155 |  |  | 354 |  |  |
Reportable segment operating income | $ | 962 |  |  | $ | 991 |  |  | $ | 1,953 |
Corporate and Other operating loss (6) |  |  |  |  | (517) |
Interest expense, net |  |  |  |  | (422) |
Other expense, net (7) |  |  |  |  | (50) |
Income before income taxes and income (loss) from investments in unconsolidated affiliates |  |  |  |  | $ | 964 |
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Three Months Ended September 30, 2024 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 2,198 |  |  | $ | 2,036 |  |  |
Product revenue | 271 |  |  | 376 |  |  |
Reportable segment revenue | $ | 2,469 |  |  | $ | 2,412 |  |  | $ | 4,881 |
Corporate and Other revenue (1) |  |  |  |  | 334 |
Total Company revenue |  |  |  |  | $ | 5,215 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 325 |  |  | 496 |  |  |
Direct costs (3) | 792 |  |  | 191 |  |  |
Depreciation and amortization expense | 92 |  |  | 118 |  |  |
Other operating expense (4) | 172 |  |  | 96 |  |  |
Allocations from Corporate and Other (5) | 157 |  |  | 368 |  |  |
Reportable segment operating income | $ | 931 |  |  | $ | 1,143 |  |  | $ | 2,074 |
Corporate and Other operating loss (6) |  |  |  |  | (472) |
Interest expense, net |  |  |  |  | (326) |
Other expense, net (7) |  |  |  |  | (5) |
Income before income taxes and income (loss) from investments in unconsolidated affiliates |  |  |  |  | $ | 1,271 |
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Nine Months Ended September 30, 2025 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 6,612 |  |  | $ | 6,010 |  |  |
Product revenue | 990 |  |  | 1,292 |  |  |
Reportable segment revenue | $ | 7,602 |  |  | $ | 7,302 |  |  | $ | 14,904 |
Corporate and Other revenue (1) |  |  |  |  | 1,005 |
Total Company revenue |  |  |  |  | $ | 15,909 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 1,031 |  |  | 1,500 |  |  |
Direct costs (3) | 2,606 |  |  | 608 |  |  |
Depreciation and amortization expense | 320 |  |  | 377 |  |  |
Other operating expense (4) | 470 |  |  | 338 |  |  |
Allocations from Corporate and Other (5) | 489 |  |  | 1,096 |  |  |
Reportable segment operating income | $ | 2,686 |  |  | $ | 3,383 |  |  | $ | 6,069 |
Corporate and Other operating loss (6) |  |  |  |  | (1,542) |
Interest expense, net |  |  |  |  | (1,118) |
Other expense, net (7) |  |  |  |  | (107) |
Income before income taxes and income (loss) from investments in unconsolidated affiliates |  |  |  |  | $ | 3,302 |
| Reportable Segments |  |
(In millions) | Merchant |  | Financial |  | Total
Nine Months Ended September 30, 2024 |  |  |  |  |
Revenues: |  |  |  |  |
Processing and services revenue | $ | 6,340 |  |  | $ | 6,024 |  |  |
Product revenue | 792 |  |  | 1,052 |  |  |
Reportable segment revenue | $ | 7,132 |  |  | $ | 7,076 |  |  | $ | 14,208 |
Corporate and Other revenue (1) |  |  |  |  | 997 |
Total Company revenue |  |  |  |  | $ | 15,205 |
Expenses: |  |  |  |  |
Personnel expenses (2) | 1,013 |  |  | 1,466 |  |  |
Direct costs (3) | 2,325 |  |  | 556 |  |  |
Depreciation and amortization expense | 272 |  |  | 348 |  |  |
Other operating expense (4) | 469 |  |  | 306 |  |  |
Allocations from Corporate and Other (5) | 471 |  |  | 1,156 |  |  |
Reportable segment operating income | $ | 2,582 |  |  | $ | 3,244 |  |  | $ | 5,826 |
Corporate and Other operating loss (6) |  |  |  |  | (1,615) |
Interest expense, net |  |  |  |  | (872) |
Other expense, net (7) |  |  |  |  | (17) |
Income before income taxes and income (loss) from investments in unconsolidated affiliates |  |  |  |  | $ | 3,322 |
(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, residual payments to channel partners and other reselling costs. (4)Includes data processing, facility, and marketing costs that are directly charged to the reportable segments. Includes in the Merchant segment a gain of $89 million related to the distribution of certain merchant contracts for the redemption of a minority partner’s membership interest in the third quarter and first nine months of 2025 (see Note 11). (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 September 30, |  | Nine Months Ended September 30,
(In millions) | 2025 |  | 2024 |  | 2025 |  | 2024
Depreciation and amortization: |  |  |  |  |  |  |
Merchant (1) | $ | 128 |  |  | $ | 114 |  |  | $ | 367 |  |  | $ | 320 |
Financial (1) | 169 |  |  | 160 |  |  | 504 |  |  | 470 |
Corporate and Other (2) | 503 |  |  | 515 |  |  | 1,521 |  |  | 1,580 |
Total Company | $ | 800 |  |  | $ | 789 |  |  | $ | 2,392 |  |  | $ | 2,370 |
Capital expenditures, including capitalized software and other intangibles: |  |  |  |  |  |  |
Merchant | $ | 167 |  |  | $ | 147 |  |  | $ | 412 |  |  | $ | 404 |
Financial | 181 |  |  | 153 |  |  | 493 |  |  | 456 |
Corporate and Other | 159 |  |  | 102 |  |  | 416 |  |  | 310 |
Total Company | $ | 507 |  |  | $ | 402 |  |  | $ | 1,321 |  |  | $ | 1,170 |
(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.

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- 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 + Details
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