v3.26.1
Revenue Recognition
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
The Company generates revenue from the delivery of processing, service and product solutions. Revenue is measured based on consideration specified in a contract with a customer, and excludes any amounts collected on behalf of third parties. The Company recognizes revenue when it satisfies a performance obligation by transferring control over a product or service to a customer which may be at a point in time or over time.
Disaggregation of Revenue
The Company’s operations are comprised of the Merchant Solutions (“Merchant”) and the Financial Solutions (“Financial”) reportable segments (see Note 18). The table below presents the Company’s revenue disaggregated by business line and includes a reconciliation with its reportable segments. The Company serves its global client base by working among its geographic teams across various regions, including the U.S. and Canada; Europe, Middle East and Africa (“EMEA”); Latin
America (“LATAM”); and Asia Pacific (“APAC”). The majority of the Company’s revenue is earned in the U.S., with revenue generated within its EMEA, LATAM and APAC regions comprising approximately 16% of total revenue for both the three and six months ended June 30, 2026 and approximately 16% and 15% of total revenue for the three and six months ended June 30, 2025, respectively.
(In millions)
Three Months Ended June 30,Six Months Ended June 30,
Revenue by Business Line
2026202520262025
Small Business$1,760 $1,774 $3,369 $3,368 
Enterprise584 587 1,096 1,089 
Processing264 283 516 559 
Total Merchant Solutions segment revenue$2,608 $2,644 $4,981 $5,016 
Digital Payments
$993 $1,051 $1,940 $2,046 
Issuing
784 876 1,553 1,690 
Banking
578 625 1,164 1,233 
Total Financial Solutions segment revenue$2,355 $2,552 $4,657 $4,969 
Corporate and Other$329 $320 $681 $661 
Total Revenue (1)
$5,292 $5,516 $10,319 $10,646 
(1)Total revenue includes $343 million and $667 million for the three and six months ended June 30, 2026, respectively, and $377 million and $708 million for the three and six months ended June 30, 2025, respectively, which represents revenue recognized outside the scope of Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts with Customers (“ASC 606”). Such revenue primarily consists of interest-related income earned on, and gains on sales of, merchant and settlement anticipation cash advances; interest income earned on short-term investments of subscriber funds and intermediary settlement cash balances; and lease income associated with point-of-sale (“POS”) terminal equipment.
Contract Balances
The following table provides information about contract assets and contract liabilities from contracts with customers:
(In millions)June 30, 2026December 31, 2025
Contract assets$941 $885 
Contract liabilities1,079 1,124 
Contract assets, reported within other long-term assets in the consolidated balance sheets, primarily relate to customer discounts (contract incentives) where revenue is recognized and payment of consideration under the contract is contingent upon the transfer of services to a customer over the contractual period. Contract liabilities primarily relate to advance consideration received from customers (deferred revenue) for which transfer of control occurs, and therefore revenue is recognized, as services are provided. Contract balances are reported in a net contract asset or liability position on a contract-by-contract basis at the end of each reporting period. The Company recognized $572 million of revenue during the six months ended June 30, 2026 that was included in the contract liabilities balance at the beginning of the period.
Transaction Price Allocated to Remaining Performance Obligations
The following table includes estimated processing and services revenue expected to be recognized in the future related to performance obligations that were unsatisfied (or partially unsatisfied) at June 30, 2026:
(In millions)
Year Ending December 31,
Remainder of 2026
$1,315 
20272,266 
20281,691 
20291,085 
Thereafter1,136 
The Company applies the optional exemption under ASC 606 and does not disclose information about remaining performance obligations for account- and transaction-based processing fees that qualify for recognition under the as-invoiced practical expedient. These multi-year contracts contain variable consideration for stand-ready performance obligations for which the exact quantity and mix of transactions to be processed are contingent upon the customer’s request. The Company also applies the optional exemptions under ASC 606 and does not disclose information for variable consideration that is a sales-based or usage-based royalty promised in exchange for a license of intellectual property or that is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service in a series. The amounts disclosed above as remaining performance obligations consist primarily of fixed or monthly minimum processing fees and maintenance fees under contracts with an original expected duration of greater than one year.