The Company’s disaggregated net revenue by category and geographic region were as follows for the years ended December 31: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2025 | | 2024 | | 2023 | | | (in millions) | | | | | | | | Net revenue by category: | | | | | | | | Payment network | | $ | 19,476 | | | $ | 17,335 | | | $ | 15,824 | | | Value-added services and solutions | | 13,315 | | | 10,832 | | | 9,274 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net revenue | | $ | 32,791 | | | $ | 28,167 | | | $ | 25,098 | | | | | | | | | | Net revenue by geographic region: | | | | | | | Americas 1 | | $ | 14,044 | | | $ | 12,375 | | | $ | 11,135 | | Asia Pacific, Europe, Middle East and Africa | | 18,747 | | | 15,792 | | | 13,963 | | | | | | | | | | Net revenue | | $ | 32,791 | | | $ | 28,167 | | | $ | 25,098 | |
1Americas includes the United States, Canada and Latin America. The following table sets forth the location of the amounts recognized on the consolidated balance sheets from contracts with customers at December 31: | | | | | | | | | | | | | | | | | 2025 | | 2024 | | | (in millions) | | Receivables from contracts with customers | | | | | Accounts receivable | | $ | 4,010 | | | $ | 3,491 | | Contract assets | | | | | | Prepaid expenses and other current assets | | 189 | | | 210 | | | Other assets | | 508 | | | 460 | | Deferred revenue 1 | | | | | | Other current liabilities | | 1,137 | | | 890 | | | Other liabilities | | 424 | | | 449 | | | | | | |
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