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Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue

In the following tables, revenue is disaggregated by primary geographical market and type of revenue. The tables also include a reconciliation of the disaggregated revenue with the Company's reportable segments.

For the three months ended June 30, 2025 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,564 $452 $23 $2,039 
All others244 313 20 577 
Total$1,808 $765 $43 $2,616 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,351 $390 $35 $1,776 
Software maintenance98 150 — 248 
Other recurring74 21 1 96 
Total recurring1,523 561 36 2,120 
Software license48 96 — 144 
Professional services128 102 1 231 
Other non-recurring fees109 6 6 121 
Total$1,808 $765 $43 $2,616 
For the three months ended June 30, 2024 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,471 $452 $23 $1,946 
All others240 270 34 544 
Total$1,711 $722 $57 $2,490 
Type of Revenue:
Recurring revenue:
Transaction processing and services (1)$1,273 $373 $51 $1,697 
Software maintenance90 143 1 234 
Other recurring (1)63 15 1 79 
Total recurring1,426 531 53 2,010 
Software license37 91 — 128 
Professional services136 99 1 236 
Other non-recurring fees112 1 3 116 
Total$1,711 $722 $57 $2,490 

(1)Revenue related primarily to software licenses requiring frequent, integral updates has been classified as Transaction processing and services revenue commencing in the quarter ended December 31, 2024, and related prior-period amounts have been reclassified from Other recurring revenue to Transaction processing and services for comparability. Revenue reclassified for the three months ended June 30, 2024, was $5 million, $7 million and $9 million within Banking, Capital Markets and Corporate and Other, respectively.

For the six months ended June 30, 2025 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$3,056 $927 $44 $4,027 
All others470 602 49 1,121 
Total$3,526 $1,529 $93 $5,148 
Type of Revenue:
Recurring revenue:
Transaction processing and services$2,641 $783 $78 $3,502 
Software maintenance193 298 1 492 
Other recurring143 45 2 190 
Total recurring2,977 1,126 81 4,184 
Software license75 198 — 273 
Professional services252 193 2 447 
Other non-recurring fees222 12 10 244 
Total$3,526 $1,529 $93 $5,148 
For the six months ended June 30, 2024 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$2,903 $897 $64 $3,864 
All others492 531 71 1,094 
Total$3,395 $1,428 $135 $4,958 
Type of Revenue:
Recurring revenue:
Transaction processing and services (1)$2,539 $751 $107 $3,397 
Software maintenance180 286 1 467 
Other recurring (1)123 30 2 155 
Total recurring2,842 1,067 110 4,019 
Software license87 165 — 252 
Professional services268 195 2 465 
Other non-recurring fees198 1 23 222 
Total$3,395 $1,428 $135 $4,958 
(1)Revenue related primarily to software licenses requiring frequent, integral updates has been classified as Transaction processing and services revenue commencing in the quarter ended December 31, 2024, and related prior-period amounts have been reclassified from Other recurring revenue to Transaction processing and services for comparability. Revenue reclassified for the six months ended June 30, 2024, was $9 million, $14 million and $18 million within Banking, Capital Markets and Corporate and Other, respectively.


Contract Balances

The Company recognized revenue of $207 million and $202 million during the three months, and $527 million and $528 million during the six months ended June 30, 2025 and 2024, respectively, that was included in the corresponding deferred revenue balance at the beginning of the periods.

Transaction Price Allocated to the Remaining Performance Obligations

As of June 30, 2025, approximately $22.5 billion of revenue is estimated to be recognized in the future from the Company's remaining unfulfilled performance obligations, which are primarily comprised of recurring account- and volume-based processing services. This excludes the amount of anticipated recurring renewals that are not yet contractually obligated. The Company expects to recognize approximately 33% of our remaining performance obligations over the next 12 months, approximately another 25% over the next 13 to 24 months, and the balance thereafter.