v3.26.1
Allowance for Credit Losses (Tables)
 3 Months Ended
Mar. 31, 2026
Credit Loss [Abstract]  
Summary of Expected Credit Allowance Activity

The following table summarizes the expected credit allowance activity for settlement receivables, net; accounts receivable, net; and financial guarantee contracts and other, for the three months ended March 31, 2026:

 

 

 

Accounts
receivable,
net

 

 

Settlement
receivables,
net (2)

 

 

Financial
guarantee
contracts
and other

 

 

Total
allowance
for current
expected
credit losses

 

Balance as of December 31, 2025

 

$

9,499

 

 

$

4,524

 

 

$

14,445

 

 

$

28,468

 

Credit loss expense

 

 

14,385

 

 

 

1,307

 

 

 

465

 

 

 

16,157

 

Recoveries

 

 

267

 

 

 

838

 

 

 

-

 

 

 

1,105

 

Write-Offs

 

 

(9,629

)

 

 

(2,016

)

 

 

-

 

 

 

(11,645

)

Other (1)

 

 

(14

)

 

 

(124

)

 

 

(10

)

 

 

(148

)

Balance as of March 31, 2026

 

$

14,508

 

 

$

4,529

 

 

$

14,900

 

 

$

33,937

 

 

(1)
Other mainly relates to the impact of foreign exchange.
(2)
Recoveries / (losses) from freestanding credit enhancements related to Settlement receivables, net, were $160 and $403 for the three months ended March 31, 2026 and 2025, respectively. Recoveries from freestanding credit enhancements related to Settlement receivables, net are recorded separately from expected credit losses in "Selling, general and administrative" in the unaudited condensed consolidated statement of comprehensive (loss) / income.