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Segments (Tables)

3 Months Ended

Mar. 31, 2026

Segment Reporting [Abstract]

Schedule of Segment Reporting Information

The following table presents a disaggregation of the Company’s consolidated net income:

			Three Months Ended March 31,
(in millions)			2026						2025
Payments-based revenue			$	917					$	756
TFS revenue			102						—
Subscription and other revenue			102						92
Network fees*			(572)						(479)
Other costs of sales* (exclusive of depreciation of equipment under lease)			(157)						(112)
General and administrative expenses:
Employee and other general and administrative expenses*			(186)						(119)
Equity-based compensation*			(17)						(27)
Rent, office, occupancy and equipment expenses*			(13)						(7)
Revaluation of contingent liabilities			—						3
Depreciation and amortization expense* (a)			(94)						(56)
Professional expenses*			(21)						(19)
Advertising and marketing expenses*			(11)						(7)
Interest income			5						13
Other expense, net			(2)						(1)
Change in TRA liability			—						3
Interest expense*			(65)						(29)
Income tax benefit			24						9
Net income			$	12					$	20

*    Denotes a significant segment expense reviewed by the CODM.

(a)Depreciation and amortization expense includes depreciation of equipment under lease of $22 million and $16 million for the three months ended March 31, 2026, and 2025 respectively.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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