v3.26.1
SEGMENT INFORMATION
 3 Months Ended
Mar. 31, 2026
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 March 31,
20262025
(In millions)
Net revenues$8,353 $7,791 
Less (add):
Transaction expense4,165 3,704 
Transaction losses276 278 
Credit losses102 93 
Customer support and operations(1)
446 398 
Sales and marketing(1)
518 488 
Technology and development(1)
793 731 
General and administrative(1)
491 503 
Restructuring and other74 66 
Other income (expense), net95 (73)
Income tax expense280 316 
Segment net income (loss)$1,113 $1,287 
(1) Includes depreciation and amortization expense. For the three months ended March 31, 2026 and 2025, total depreciation and amortization expense was $238 million and $245 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”.