In May 2026, the Board approved a restructuring plan ("2026 Restructuring Plan") relating to the Company's previously announced strategy to rebuild the Company as an AI-native company and better deliver on our mission, serving both customers and merchants. These restructuring actions are expected to include an overall reduction of up to 400 positions globally, including employees and contractors, with a majority of these reductions expected to occur by the end of the third quarter of 2026. In certain jurisdictions, workforce reductions remain subject to mandatory consultation processes, which may extend completion of those actions beyond the end of the third quarter of 2026. Costs incurred related to the 2026 Restructuring Plan are classified as Restructuring and related charges (credits) in the Condensed Consolidated Statement of Operations.

The Company estimates it will incur pre-tax charges of $7.0 to $13.0 million in connection with its restructuring actions. The majority of the pre-tax charges are expected to be paid in cash and relate to employee severance and compensation benefits, with an immaterial amount of charges related to other exit costs.


	Three and Six Months Ended June 30, 2026
	Employee Severance and Benefit Costs (1)		Legal and Advisory Costs		Total Restructuring Charges
North America	1,489		8		1,497
International	1,652		12		1,664
Consolidated	$	3,141	$	20	$	3,161

(1)The employee severance and benefits costs for the three and six months ended June 30, 2026 are related to the termination of 194 employees, of which 117 were still completing their notice period. All respective legally-required severance and benefits related to these employees have been recognized as of June 30, 2026.


	Employee Severance and Benefit Costs		Legal and Advisory Costs		Total
Balance as of December 31, 2025	—		—		$	—
Charges payable in cash	3,141		20		3,161
Cash payments	(1,313)		—		(1,313)
Foreign currency translation	(9)		—		(9)
Balance as of June 30, 2026	$	1,819	$	20	$	1,839

During the three and six months ended June 30, 2025, we recorded an immaterial amount of Restructuring and related charges and (credits) under the 2022 and 2020 Restructuring Plans in the Condensed Consolidated Statements of Operations, primarily related to the release of our estimated accruals for certain severance benefits upon expiration of the eligible payout period or resolution.