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Segment and Geographic Information
 6 Months Ended
Oct. 03, 2025
Segment Reporting [Abstract]  
Segment and Geographic Information Segment and Geographic Information
Our Chief Operating Decision Maker (CODM) is our Chief Executive Officer, who manages and reviews financial information presented on an operating segment basis for the purpose of making decisions and assessing financial performance. The CODM assesses operating performance of each segment based on regularly provided segment revenue, segment operating income (loss) and margin, by comparing actual margin results to historical results and previously forecasted financial information. Operating results by segment include costs or expenses directly attributable to each segment, and costs or expenses that are leveraged across our portfolio and therefore allocated between our two segments. Our CODM reviews expenses on a consolidated basis and the expenses associated with our corporate investments.
Prior to fiscal year 2026, we operated as one reportable segment, with consolidated net income (loss) serving as the primary measure of segment profit or loss. Subsequent to the completion of our acquisition of MoneyLion on April 17, 2025, our portfolio now spans two reportable segments, Cyber Safety Platform and Trust-Based Solutions, with the primary measure of segment profit or loss being updated to segment operating income (loss).
Cyber Safety Platform includes our security, comprehensive suites, and privacy products, which deliver technology solutions and superior threat protection to help people navigate the digital world, securely, privately and with confidence. Trust-Based Solutions includes our identity, reputation, and financial wellness products, which provide innovative solutions and insights that empower consumers to manage their identity, reputation and finances confidently to achieve freedom.
The “Corporate” category includes expenses that are not allocated to either Cyber Safety Platform or Trust-Based Solutions for purposes of making operating decisions or assessing segment-level financial performance. The expenses include restructuring and other costs, acquisition and integration costs, litigation settlement charges, and amortization of intangible assets. Our operating segments are not evaluated using asset information. Our CODM delegates the review of the segment performance to the general manager of each respective segment. There are no intersegment transactions. The accounting policies for segment reporting are the same as for our consolidated financial statements.
The following table presents details of our reportable segments and the “Corporate” category:
Cyber Safety Platform
Trust-Based Solutions
Corporate
Consolidated
(In millions)
Three Months Ended October 3, 2025
Net Revenues
$814 $406 $— $1,220 
Other segment items (1)
314 283 — 597 
Operating income (loss)
$500 $123 $(185)$438 
Six Months Ended October 3, 2025
Net Revenues
$1,683 $794 $— $2,477 
Other segment items (1)
653 551 — 1,204 
Operating income (loss)
$1,030 $243 $(389)$884 
Three Months Ended September 27, 2024
Net Revenues$789 $185 $— $974 
Other segment items (1)
319 88 — 407 
Operating income (loss)$470 $97 $(165)$402 
Six Months Ended September 27, 2024
Net Revenues$1,569 $370 $— $1,939 
Other segment items (1)
633 175 — 808 
Operating income (loss)$936 $195 $(312)$819 
(1)    Other segment items for our Cyber Safety Platform and Trust-Based Solutions include product costs, infrastructure and facilities expense, and compensation and benefits excluding stock-based compensation and expenses identified in “Corporate”.
The table below are the reconciling items included in “Corporate” category:
Three Months EndedSix Months Ended
(In millions)October 3, 2025September 27, 2024October 3, 2025September 27, 2024
Amortization of intangible assets
$121 $102 $240 $202 
Stock-based compensation
56 33 122 64 
Unallocated cost of revenue and operating expenses
8 30 27 46 
Total
$185 $165 $389 $312 
Geographic information
Net revenues by geography are based on the billing addresses of our customers. The following table represents net revenues by geographic area for the periods presented:
Three Months EndedSix Months Ended
(In millions)October 3, 2025September 27, 2024October 3, 2025September 27, 2024
Americas$864 $641 $1,743 $1,277 
EMEA257 233 525 466 
APJ99 100 209 196 
Total net revenues
$1,220 $974 $2,477 $1,939 
Note: The Americas include U.S., Canada and Latin America; EMEA includes Europe, Middle East and Africa; APJ includes Asia Pacific and Japan.
Revenues from customers inside the U.S. were $809 million and $1,628 million during the three and six months ended October 3, 2025, respectively, and $584 million and $1,163 million during the three and six months ended September 27, 2024, respectively. No other individual country accounted for more than 10% of revenues.
The table below represents cash, cash equivalents and restricted cash held in the U.S. and internationally in various foreign subsidiaries:
(In millions)October 3, 2025March 28, 2025
U.S.$321 $647 
International380 359 
Total cash, cash equivalents and restricted cash
$701 $1,006 
The table below represents our property and equipment, net of accumulated depreciation and amortization, by geographic area, based on the physical location of the asset, at the end of each period presented:
(In millions)October 3, 2025March 28, 2025
U.S.$56 $50 
Other countries (1)
12 10 
Total property and equipment, net$68 $60 
(1)     No individual country represented more than 10% of the respective totals.
Significant customers and e-commerce partners
No individual end-user customer accounted for 10% or more of our net revenues during the six months ended October 3, 2025 and September 27, 2024.
E-commerce partners that accounted for over 10% of our total billed and unbilled accounts receivable, prior to allowance of doubtful accounts, were as follows:
October 3, 2025March 28, 2025
E-commerce partner A
— %11 %