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REVENUES
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
The following table presents a disaggregation of our revenues from contracts with customers by geography for the three months ended March 31, 2026 and 2025:
Three Months Ended
March 31, 2026March 31, 2025
(in thousands)
Americas$2,163,480 $1,489,260 
Europe, Middle East and Africa704,546 266,598 
Asia Pacific101,656 64,460 
$2,969,682 $1,820,318 

ASC Topic 606, Revenues from Contracts with Customers ("ASC 606"), requires that we determine for each customer arrangement whether revenue should be recognized at a point in time or over time. For the three months ended March 31, 2026 and 2025, substantially all of our revenues were recognized over time.

Supplemental balance sheet information related to contracts from customers as of March 31, 2026 and December 31, 2025 was as follows:
Balance Sheet LocationMarch 31, 2026December 31, 2025
(in thousands)
Assets:
Capitalized costs to obtain customer contracts, net
Other noncurrent assets$283,873 $270,773 
Capitalized costs to fulfill customer contracts, net
Other noncurrent assets27,068 21,259 
Liabilities:
Contract liabilities, net (current)Accounts payable and accrued liabilities178,364 177,452 
Contract liabilities, net (noncurrent)Other noncurrent liabilities25,332 19,625 

Net contract assets were not material at March 31, 2026, or December 31, 2025. Revenue recognized for the three months ended March 31, 2026 and 2025 from contract liability balances at the beginning of each period was $75.5 million and $62.6 million, respectively.

ASC 606 requires disclosure of the aggregate amount of the transaction price allocated to unsatisfied performance obligations. The purpose of this disclosure is to provide additional information about the amounts and expected timing of revenue to be recognized from the remaining performance obligations in our existing contracts. The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of March 31, 2026. However, as permitted, we have elected to exclude from this disclosure any contracts with an original duration of one year or less, and any variable consideration that meets specified criteria. Accordingly, the total amount of unsatisfied or partially unsatisfied performance obligations related to processing services is significantly higher than the amounts disclosed in the table below (in thousands):
Year Ending December 31,
Remainder of 2026$262,109 
2027247,735 
2028162,897 
2029113,499 
203065,956 
203124,369 
2032 and thereafter25,408 
Total$901,973