v3.25.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
SEGMENT INFORMATION SEGMENT INFORMATION
Our chief operating decision maker (“CODM”), our Chief Executive Officer, manages the business and evaluates operating performance based on consolidated net income. Our CODM uses consolidated net income to monitor budget versus actual results. We operate as one segment and have one reportable segment that constitutes consolidated results.

The following table sets forth our segment information for revenue, segment profit (loss), and significant expenses:
Three Months Ended March 31,
20252024
(In millions)
Net revenues$7,791 $7,699 
Less (add):
Transaction expense3,704 3,917 
Transaction losses278 260 
Credit losses93 61 
Customer support and operations(1)
398 454 
Sales and marketing(1)
488 421 
Technology and development(1)
731 742 
General and administrative(1)
503 464 
Restructuring and other66 212 
Other income (expense), net(73)(41)
Income tax expense316 321 
Segment net income (loss)$1,287 $888 
(1) Includes depreciation and amortization expense. For the three months ended March 31, 2025 and 2024, total depreciation and amortization expense was $245 million and $265 million, respectively.

There are no reconciling items or adjustments between segment net revenues, net income, total assets and consolidated net revenues, net income, and total assets. For disclosure of geographical information, please refer to “Note 2—Revenue”.