v3.25.4
Revenues
9 Months Ended
Jan. 02, 2026
Revenue from Contract with Customer [Abstract]  
Revenues Revenues
Disaggregation of revenues
The following table summarizes the components of our net revenues:
Three Months EndedNine Months Ended
(In millions)January 2, 2026December 27, 2024January 2, 2026December 27, 2024
Subscription and service revenue (1)
$1,236 $986 $3,705 $2,925 
Net interest income on notes receivable
— 12 — 
Net revenues
$1,240 $986 $3,717 $2,925 
(1)    Subscription and service revenue includes amounts related to our Instacash Advances of $127 million and $338 million, during the three and nine months ended January 2, 2026, respectively. Refer to Note 3 for additional information regarding our Instacash Advances.
Contract liabilities
During the three and nine months ended January 2, 2026, we recognized $740 million and $1,677 million from the contract liabilities balances at October 3, 2025 and March 28, 2025, respectively. During the three and nine months ended December 27, 2024, we recognized $742 million and $1,620 million from the contract liabilities balances as of September 27, 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 January 2, 2026, we had $1,250 million of remaining performance obligations, excluding customer deposit liabilities of $656 million, of which we expect to recognize approximately 94% as revenue over the next 12 months.
See Note 17 for tabular disclosures of disaggregated revenue by reportable segment and geographic region.