v3.25.2
SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information
Information on our Merchant Solutions segment, including significant segment expenses, and reconciliations to consolidated revenues, consolidated operating income and consolidated depreciation and amortization were as follows for the three and six months ended June 30, 2025 and 2024:
Three Months EndedSix Months Ended
June 30, 2025June 30, 2024June 30, 2025June 30, 2024
(in thousands)
Revenues(1)
$1,956,747 $1,971,025 $3,765,434 $3,805,119 
Operating expenses(1):
Merchant Solutions:
Cost of service$498,788 $504,462 $987,653 $1,003,516 
Selling, general and administrative741,028 794,038 1,446,748 1,548,641 
Total Merchant Solutions expenses1,239,816 1,298,500 2,434,401 2,552,157 
Corporate289,992 197,137 527,991 417,983 
Operating income (loss)(1):
Merchant Solutions$716,931 $672,525 $1,331,033 $1,252,962 
Corporate(289,992)(197,137)(527,991)(417,983)
Gain on business disposition267 — 4,260 — 
Consolidated operating income$427,206 $475,388 $807,302 $834,979 
Depreciation and amortization(1):
Merchant Solutions$287,403 $299,218 $568,170 $591,551 
Corporate9,053 5,784 16,737 10,416 
Consolidated depreciation and amortization$296,456 $305,002 $584,907 $601,967 

(1) Revenues, operating expenses, operating income and depreciation and amortization reflect the effects of our disposed AdvancedMD business through its disposal date. See “Note 2—Business Dispositions and Discontinued Operations” for further discussion.
Operating income and operating expenses included acquisition and transformation expenses of $133.7 million and $53.6 million for the three months ended June 30, 2025 and 2024, respectively, which were primarily included within Corporate selling, general and administrative expenses. During the six months ended June 30, 2025 and 2024, operating income included acquisition and transformation expenses of $228.3 million and $131.4 million, respectively, which were primarily included within Corporate selling, general and administrative expenses.