v3.25.2
SEGMENT INFORMATION
 6 Months Ended
Jun. 30, 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 June 30,Six Months Ended June 30,
2025202420252024
(In millions)
Net revenues$8,288 $7,885 $16,079 $15,584 
Less (add):
Transaction expense3,968 3,942 7,672 7,859 
Transaction losses383 259 661 519 
Credit losses93 76 186 137 
Customer support and operations(1)
413 436 811 890 
Sales and marketing(1)
583 446 1,071 867 
Technology and development(1)
767 718 1,498 1,460 
General and administrative(1)
461 570 964 1,034 
Restructuring and other116 113 182 325 
Other income (expense), net(25)(74)(98)(115)
Income tax expense268 271 584 592 
Segment net income (loss)$1,261 $1,128 $2,548 $2,016 
(1) Includes depreciation and amortization expense. For the three and six months ended June 30, 2025, total depreciation and amortization expense was $239 million and $484 million, respectively. For the three and six months ended June 30, 2024, total depreciation and amortization expense was $263 million and $528 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”.