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Revenue
 9 Months Ended
Sep. 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 September 30, 2025 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,625 $481 $19 $2,125 
All others269 302 21 592 
Total$1,894 $783 $40 $2,717 
Type of Revenue:
Recurring revenue:
Transaction processing and services$1,394 $401 $35 $1,830 
Software maintenance97 154 1 252 
Other recurring80 27 — 107 
Total recurring1,571 582 36 2,189 
Software license44 95 — 139 
Professional services146 95 1 242 
Other non-recurring fees133 11 3 147 
Total$1,894 $783 $40 $2,717 
For the three months ended September 30, 2024 (in millions):
Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$1,521 $452 $26 $1,999 
All others258 278 35 571 
Total$1,779 $730 $61 $2,570 
Type of Revenue:
Recurring revenue:
Transaction processing and services (1)$1,331 $375 $49 $1,755 
Software maintenance88 145 1 234 
Other recurring (1)60 16 1 77 
Total recurring1,479 536 51 2,066 
Software license54 92 1 147 
Professional services137 100 1 238 
Other non-recurring fees109 2 8 119 
Total$1,779 $730 $61 $2,570 

(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 September 30, 2024, was $6 million, $7 million and $9 million within Banking, Capital Markets and Corporate and Other, respectively.

For the nine months ended September 30, 2025 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$4,680 $1,409 $63 $6,152 
All others740 904 69 1,713 
Total$5,420 $2,313 $132 $7,865 
Type of Revenue:
Recurring revenue:
Transaction processing and services$4,035 $1,184 $113 $5,332 
Software maintenance290 451 2 743 
Other recurring223 73 1 297 
Total recurring4,548 1,708 116 6,372 
Software license119 294 — 413 
Professional services399 288 3 690 
Other non-recurring fees354 23 13 390 
Total$5,420 $2,313 $132 $7,865 
For the nine months ended September 30, 2024 (in millions):

Capital
BankingMarketCorporate
SolutionsSolutionsand OtherTotal
Primary Geographical Markets:
North America$4,424 $1,349 $90 $5,863 
All others750 809 106 1,665 
Total$5,174 $2,158 $196 $7,528 
Type of Revenue:
Recurring revenue:
Transaction processing and services (1)$3,870 $1,126 $157 $5,153 
Software maintenance268 432 1 701 
Other recurring (1)183 46 3 232 
Total recurring4,321 1,604 161 6,086 
Software license141 256 2 399 
Professional services405 295 3 703 
Other non-recurring fees307 3 30 340 
Total$5,174 $2,158 $196 $7,528 
(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 nine months ended September 30, 2024, was $15 million, $22 million and $27 million within Banking, Capital Markets and Corporate and Other, respectively.


Contract Balances

The Company recognized revenue of $143 million and $124 million during the three months, and $670 million and $651 million during the nine months ended September 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 September 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 34% of our remaining performance obligations over the next 12 months, approximately another 26% over the next 13 to 24 months, and the balance thereafter.