REVENUES (Tables)

6 Months Ended

Jun. 30, 2026

Revenue from Contract with Customer [Abstract]

The following table presents a disaggregation of our revenues from contracts with customers within each of our reportable segments for the three and six months ended June 30, 2026 and 2025:


	Three Months Ended				Six Months Ended
	June 30, 2026		June 30, 2025		June 30, 2026		June 30, 2025

	(in thousands)

Card-present	$	219,384	$	79,640	$	411,847	$	152,215
Card-not-present	618,917		69,382		1,148,843		132,284
Enterprise segment revenues	838,301		149,022		1,560,690		284,499
Embedded payments	148,927		3,366		279,166		6,806
Integrated partners	503,841		284,408		941,688		555,100
Platforms segment revenues	652,768		287,774		1,220,854		561,906
Americas	1,174,344		991,215		2,254,821		1,922,083
Rest of world	474,608		342,208		897,472		624,898
SMB segment revenues	1,648,952		1,333,423		3,152,293		2,546,981
Other	180,770		199,068		356,636		396,219
Revenues	$	3,320,791	$	1,969,287	$	6,290,473	$	3,789,605

Schedule of Contracts with Customers

Supplemental balance sheet information related to contracts with customers as of June 30, 2026 and December 31, 2025 was as follows:


	Balance Sheet Location	June 30, 2026		December 31, 2025

		(in thousands)

Assets:
Capitalized costs to obtain customer contracts, net	Other noncurrent assets	$	308,381	$	270,773
Capitalized costs to fulfill customer contracts, net	Other noncurrent assets	32,574		21,259

Liabilities:
Contract liabilities, net (current)	Accounts payable and accrued liabilities	192,625		177,452
Contract liabilities, net (noncurrent)	Other noncurrent liabilities	21,320		19,625

Schedule of Remaining Performance Obligation

The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied as of June 30, 2026. However, as permitted, we have elected to exclude from this disclosure any contracts with an original duration of one year or less, and any variable consideration that meets specified criteria. Accordingly, the total amount of unsatisfied or partially unsatisfied performance obligations related to processing services is significantly higher than the amounts disclosed in the table below (in thousands):


Year Ending December 31,

Remainder of 2026	$	193,868
2027	281,735
2028	179,134
2029	121,754
2030	71,860
2031	27,143
2032 and thereafter	28,947
Total	$	904,441