v3.25.2
Segment and Geographical Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Segment and Geographical Information Segment and Geographical Information
The Company's chief operating decision maker ("CODM") is its Chief Executive Officer. The CODM has determined that the Company operates in a single operating and reportable segment and manages segment performance and resource allocation based upon consolidated net income (loss). The CODM uses consolidated net income (loss) in deciding whether to reinvest profits into opportunities for the business, invest in business combinations or equity investments or return a portion of such profits to shareholders. The measure of segment assets is reported on the condensed consolidated balance sheet as total consolidated assets. Significant expenses reviewed by the CODM include those that are presented in the Condensed Consolidated Statements of Operations and Comprehensive Income (Loss).
The following table presents total external revenues by geographic location, based on the location of the Company’s merchants:
Three months ended June 30,Six months ended June 30,
 2025202420252024
(in US $ millions, except percentages)
North America
United States1,703 63 %1,323 65 %3,203 64 %2,520 65 %
Canada133 5 %114 5 %252 5 %214 5 %
EMEA554 21 %381 19 %1,033 20 %735 19 %
APAC265 10 %203 10 %505 10 %392 10 %
Latin America25 1 %24 1 %47 1 %45 1 %
Total Revenue2,680 100 %2,045 100 %5,040 100 %3,906 100 %