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Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Reportable Segments

The following tables present financial information for each of our reportable segments for the periods then ended:

									Three Months Ended March 31,
															2024						2023
Segment Revenue															(In thousands)
Consumer Services															$	100,612					$	139,833
B2B Services															241,200						171,292
Money Movement Services															103,150						98,241
Corporate and Other															2,461						2,997
Total segment revenues															447,423						412,363
BaaS commissions and processing expenses															5,100						4,760
Other income															(535)						(743)
Total operating revenues															$	451,988					$	416,380

Segment revenue adjustments represent commissions and certain processing-related costs associated with our BaaS products and services, which are netted against our B2B Services revenues when evaluating segment performance, as well as certain other investment income earned by our bank, which is included in Corporate and Other.

Note 19—Segment Information (continued)

									Three Months Ended March 31,
															2024						2023
Segment Profit															(In thousands)
Consumer Services															$	33,259					$	52,752
B2B Services															18,283						22,219
Money Movement Services															65,847						61,026
Corporate and Other															(58,157)						(53,454)
Total segment profit															59,232						82,543
Reconciliation to income before income taxes
Depreciation and amortization of property, equipment and internal-use software															16,432						13,701
Stock based compensation and related employer taxes															8,706						9,549
Amortization of acquired intangible assets															5,664						5,664
Impairment charges															6,405						—
Legal settlements and related expenses															5,880						100
Other expense															5,591						2,534
Operating income															10,554						50,995
Interest expense, net															1,457						1,644
Other expense, net															(1,810)						(3,024)
Income before income taxes															$	7,287					$	46,327

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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

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-Name Accounting Standards Codification
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