v3.26.1
Segment Information and Concentrations (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Revenue and Operating Income by Segment
The following tables present revenue, significant expenses and Adjusted EBITDA by segment for the three and six months ended June 30, 2026 and 2025.
In millionsFor the three months ended June 30, 2026
Self-Service Banking NetworkT&TTotal
Segment Revenue$741 $316 $41 $1,098 
Other (1)
5 
Consolidated Revenue$1,103 
Less:
Adjusted cost of products (2)
158 10 1 169 
Adjusted cost of services (2)
338 202 28 568 
Adjusted SG&A and R&D expenses (2)
52 21 5 78 
Other segment items (3)
(19)(23)— (42)
Total Segment Adjusted EBITDA$212 $106 $7 $325 
Reconciliation of Segment Adjusted EBITDA to Net income attributable to Atleos
Segment Adjusted EBITDA$325 
Less unallocated amounts
Corporate income and expenses not allocated to segments73 
Other income and expenses not allocated to segments(2)
Interest expense62 
Interest income(2)
Income tax expense25 
Depreciation and amortization expense45 
Amortization of acquisition-related intangibles24 
Stock-based compensation expense10 
Acquisition-related costs8 
Transformation and restructuring10 
Voyix indemnification expense (4)
3 
Other (income) expense items, net (5)
4 
Net income attributable to Atleos $65 
In millionsFor the three months ended June 30, 2025
Self-Service Banking NetworkT&TTotal
Segment Revenue$732 $319 $41 $1,092 
Other (1)
10 
Consolidated Revenue$1,102 
Less:
Adjusted cost of products (2)
189 13 1 203 
Adjusted cost of services (2)
328 226 28 582 
Adjusted SG&A and R&D expenses (2)
42 20 4 66 
Other segment items (3)
(15)(26)(1)(42)
Total Segment Adjusted EBITDA$188 $86 $9 $283 
Reconciliation of Segment Adjusted EBITDA to Net income attributable to Atleos
Segment Adjusted EBITDA$283 
Less unallocated amounts
Corporate income and expenses not allocated to segments79 
Other income and expenses not allocated to segments1 
Interest expense69 
Interest income(1)
Income tax expense19 
Depreciation and amortization expense44 
Amortization of acquisition-related intangibles24 
Stock-based compensation expense8 
Separation costs6 
Acquisition-related costs1 
Transformation and restructuring(11)
Voyix indemnification expense (4)
1 
Other (income) expense items, net (5)
4 
Net income attributable to Atleos $39 
In millionsFor the six months ended June 30, 2026
Self-Service Banking NetworkT&TTotal
Segment Revenue$1,438 $617 $81 $2,136 
Other (1)
10 
Consolidated Revenue$2,146 
Less:
Adjusted cost of products (2)
323 18 3 344 
Adjusted cost of services (2)
677 409 56 1,142 
Adjusted SG&A and R&D expenses (2)
103 46 8 157 
Other segment items (3)
(36)(46)— (82)
Total Segment Adjusted EBITDA$371 $190 $14 $575 
Reconciliation of Segment Adjusted EBITDA to Net income attributable to Atleos
Segment Adjusted EBITDA$575 
Less unallocated amounts
Corporate income and expenses not allocated to segments152 
Other income and expenses not allocated to segments(3)
Interest expense125 
Interest income(4)
Income tax expense36 
Depreciation and amortization expense89 
Amortization of acquisition-related intangibles48 
Stock-based compensation expense17 
Acquisition-related costs10 
Transformation and restructuring5 
Voyix indemnification expense (4)
6 
Other (income) expense items, net (5)
7 
Net income attributable to Atleos $87 
In millionsFor the six months ended June 30, 2025
Self-Service Banking NetworkT&TTotal
Segment Revenue$1,355 $618 $84 $2,057 
Other (1)
24 
Consolidated Revenue$2,081 
Less:
Adjusted cost of products (2)
326 23 2 351 
Adjusted cost of services (2)
630 430 57 1,117 
Adjusted SG&A and R&D expenses (2)
89 43 9 141 
Other segment items (3)
(30)(50)(1)(81)
Total Segment Adjusted EBITDA$340 $172 $17 $529 
Reconciliation of Segment Adjusted EBITDA to Net income attributable to Atleos
Segment Adjusted EBITDA$529 
Less unallocated amounts
    Corporate income and expenses not allocated to segments155 
    Other income and expenses not allocated to segments(1)
    Interest expense136 
    Interest income(2)
    Income tax expense28 
    Depreciation and amortization expense86 
Amortization of acquisition-related intangibles47 
    Stock-based compensation expense17 
    Separation costs8 
    Acquisition-related costs1 
    Transformation and restructuring(10)
    Voyix indemnification expense (4)
5 
    Other (income) expense items, net (5)
6 
Net income attributable to Atleos $53 
(1) Other revenue represents certain other immaterial business operations, including commerce-related operations in countries that Voyix exited that are aligned to Atleos, that do not represent a reportable segment. Other also includes revenues from commercial agreements with Voyix.
(2) Adjusted cost of products, Adjusted cost of services and Adjusted SG&A and R&D expenses are determined by excluding, as applicable: acquisition-related costs, including costs related to the Brink’s transaction; pension settlements, pension curtailments and pension special termination benefits; separation-related costs; amortization of acquisition-related intangibles; transformation and restructuring charges (which includes integration, severance, divestiture and other exit and disposal costs); and other non-recurring or unusual items from the cost of products, cost of services, selling, general and administrative expenses (“SG&A”), and research and development expenses (“R&D”) as presented on the statement of operations. These amounts are presented consistent with how they are viewed by the CODM. The costs are calculated consistent with our definition of Adjusted EBITDA, which is our measure of segment profit or loss, except that these amounts include depreciation and amortization expense. We believe these measures are useful for investors because they may provide a more complete understanding of our underlying operational performance, as well as consistency and comparability with past reports of financial results.
(3) Primarily includes an adjustment for depreciation and amortization expense to reconcile segment results to Adjusted EBITDA, which is our segment measure of profit or loss.
(4) Represents our indemnification of certain legal and environmental remediation-related costs shared with Voyix. Refer to Note 8, “Commitments and Contingencies”, for further details on these matters.
(5) Includes certain income and expense items reported within Other income (expense), net on the Condensed Consolidated Statements of Operations, such as bank fees, the components of pension, postemployment and postretirement expense other than service cost, and the impact of foreign currency exchange rate fluctuations. Additional amounts reported in Other income (expense), net are separately captured in this reconciliation. Therefore, Other (income) expense items, net shown here will not agree to total Other income (expense), net on the Condensed Consolidated Statements of Operations.
Schedule of Revenues from Products and Services
The following table presents recurring revenue and all other products and services revenue that we recognize at a point in time:
In millionsThree months ended June 30,Six months ended June 30,
2026202520262025
Recurring revenue (1)
$776 $772 $1,530 $1,513 
All other products and services327 330 616 568 
Total revenue$1,103 $1,102 $2,146 $2,081 
(1)Recurring revenue includes all revenue streams from contracts where there is a predictable revenue pattern that will occur at regular intervals with a relatively high degree of certainty. This includes hardware and software maintenance revenue, processing revenue, interchange and network revenue, Bitcoin-related revenue, and certain professional services arrangements, as well as term-based software license arrangements that include customer termination rights.
Schedule of Revenue by Geographic Area
Revenue is attributed to the geographic area to which the product is delivered or in which the service is provided. The following table presents our revenue by geographic area:
In millionsThree months ended June 30,Six months ended June 30,
2026202520262025
United States (“U.S.”)$513 $498 $1,012 $947 
Americas (excluding U.S.)120 144 235 254 
Europe, Middle East and Africa352 342 666 653 
Asia Pacific118 118 233 227 
Total revenue$1,103 $1,102 $2,146 $2,081