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v3.26.1

Segments (Tables) | 6 Months Ended
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Jun. 30, 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 June 30, |  | Six Months Ended June 30,
(in millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Payments-based revenue | $ | 1,073 |  |  | $ | 868 |  |  | $ | 1,990 |  |  | $ | 1,624 |
TFS revenue | 117 |  |  | — |  |  | 219 |  |  | — |
Subscription and other revenue | 105 |  |  | 98 |  |  | 207 |  |  | 190 |
Network fees* | (671) |  |  | (553) |  |  | (1,243) |  |  | (1,032) |
Other costs of sales* (exclusive of depreciation of equipment under lease) | (178) |  |  | (121) |  |  | (335) |  |  | (233) |
General and administrative expenses: |  |  |  |  |  |  |
Employee and other general and administrative expenses* | (186) |  |  | (108) |  |  | (371) |  |  | (227) |
Equity-based compensation* | (31) |  |  | (15) |  |  | (48) |  |  | (42) |
Rent, office, occupancy and equipment expenses* | (14) |  |  | (8) |  |  | (28) |  |  | (15) |
Revaluation of contingent liabilities | — |  |  | 1 |  |  | — |  |  | 4 |
Depreciation and amortization expense* (a) | (94) |  |  | (57) |  |  | (188) |  |  | (113) |
Professional expenses* | (15) |  |  | (15) |  |  | (36) |  |  | (34) |
Advertising and marketing expenses* | (11) |  |  | (7) |  |  | (22) |  |  | (14) |
Loss on extinguishment of debt | — |  |  | (3) |  |  | — |  |  | (3) |
Interest income | 3 |  |  | 19 |  |  | 8 |  |  | 32 |
Other income (expense), net | 2 |  |  | (3) |  |  | — |  |  | (4) |
Gain on investments in securities | 2 |  |  | — |  |  | 2 |  |  | — |
Change in TRA liability | — |  |  | (1) |  |  | — |  |  | 2 |
Interest expense* | (65) |  |  | (39) |  |  | (130) |  |  | (68) |
Income tax benefit (expense) | (13) |  |  | (15) |  |  | 11 |  |  | (6) |
Net income | $ | 24 |  |  | $ | 41 |  |  | $ | 36 |  |  | $ | 61 |
* Denotes a significant segment expense reviewed by the CODM. (a)Depreciation and amortization expense includes depreciation of equipment under lease of $26 million and $48 million for the three and six months ended June 30, 2026, respectively, and $17 million and $33 million for the three and six months ended June 30, 2025, respectively.

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- Definition Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26A Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 + Details
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