v3.25.1
Revenue
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company’s disaggregated net revenue by category and geographic region were as follows:
Three Months Ended March 31,
20252024
(in millions)
Net revenue by category:
Payment network$4,432 $3,920 
Value-added services and solutions2,818 2,428 
Net revenue$7,250 $6,348 
Net revenue by geographic region:
Americas 1
$3,151 $2,773 
Asia Pacific, Europe, Middle East and Africa
4,099 3,575 
Net revenue$7,250 $6,348 
1Americas includes the United States, Canada and Latin America.
The Company’s customers are generally billed weekly, with certain billings occurring on a monthly and quarterly basis. The frequency of billing is dependent upon the nature of the performance obligation and the underlying contractual terms. The Company does not typically offer extended payment terms to customers. The following table sets forth the location of the amounts recognized on the consolidated balance sheets from contracts with customers:
March 31,
2025		December 31,
2024
(in millions)
Receivables from contracts with customers
Accounts receivable
$3,660 $3,491 
Contract assets
Prepaid expenses and other current assets194 210 
Other assets518 460 
Deferred revenue 1
Other current liabilities1,081 890 
Other liabilities464 449 
1    Revenue recognized from performance obligations satisfied during the three months ended March 31, 2025 was $651 million