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Revenues
6 Months Ended
Oct. 03, 2025
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of revenues
The following table summarizes the components of our net revenues:
Three Months EndedSix Months Ended
(In millions)October 3, 2025September 27, 2024October 3, 2025September 27, 2024
Subscription and service revenue (1)
$1,216 $974 $2,469 $1,939 
Net interest income on notes receivable
— — 
Net revenues
$1,220 $974 $2,477 $1,939 
(1)    Subscription and service revenue includes amounts related to our Instacash Advances of $114 million and $211 million, during the three and six months ended October 3, 2025, respectively. Refer to Note 3 for additional information regarding our Instacash Advances.
Contract liabilities
During the three and six months ended October 3, 2025, we recognized $758 million and $1,336 million from the contract liabilities balances at July 4, 2025 and March 28, 2025, respectively. During the three and six months ended September 27, 2024, we recognized $733 million and $1,261 million from the contract liabilities balances as of June 28, 2024 and March 29, 2024, respectively.
Remaining performance obligations
Remaining performance obligations represent contracted revenue that has not been recognized, which include contract liabilities and, when applicable, amounts that will be billed and recognized as revenue in future periods. As of October 3, 2025, we had $1,262 million of remaining performance obligations, excluding customer deposit liabilities of $600 million, of which we expect to recognize approximately 93% as revenue over the next 12 months.
See Note 17 for tabular disclosures of disaggregated revenue by reportable segment and geographic region.