v3.26.1
Segment and Geographical Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment and Geographical Information Segment and Geographical Information
The Company's chief operating decision maker ("CODM") is its Chief Executive Officer. The CODM has determined that the Company operates in one single operating and reportable segment and manages segment performance and resource allocation based upon consolidated net income. The CODM uses consolidated net income in deciding whether to reinvest profits into opportunities for the business, invest in business combinations or equity investments or return a portion of such profits to shareholders. The measure of segment assets is reported on the condensed consolidated balance sheets as total consolidated assets. Significant expenses reviewed by the CODM include those that are presented in the condensed consolidated statements of operations and comprehensive income.
The following table presents total external revenues by geographic location, based on the location of the Company’s merchants:
Three months ended June 30,Six months ended June 30,
2026202520262025
(in US $ millions, except percentages)
North America
United States2,283 63 %1,703 63 %4,284 63 %3,203 64 %
Canada171 5 %133 5 %318 5 %252 5 %
Europe721 20 %533 20 %1,374 20 %993 19 %
APAC346 10 %265 10 %658 10 %505 10 %
Rest of World
62 2 %46 2 %119 2 %87 2 %
Total Revenue
3,583 100 %2,680 100 %6,753 100 %5,040 100 %