v3.26.1
Allowance for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Summary of Expected Credit Allowance Activity

The following table summarizes the expected credit allowance activity for settlement receivables, net; accounts receivable, net; and financial guarantee contracts and other, for the six months ended June 30, 2026:

 

 

 

Accounts
receivable,
net

 

 

Settlement
receivables,
net (2)

 

 

Financial
guarantee
contracts
and other

 

 

Total
allowance
for current
expected
credit losses

 

Balance as of December 31, 2025

 

$

9,499

 

 

$

4,524

 

 

$

14,445

 

 

$

28,468

 

Credit loss expense

 

 

22,062

 

 

 

2,614

 

 

 

730

 

 

 

25,406

 

Recoveries

 

 

903

 

 

 

1,878

 

 

 

-

 

 

 

2,781

 

Write-Offs

 

 

(17,764

)

 

 

(3,738

)

 

 

(145

)

 

 

(21,647

)

Other (1)

 

 

(65

)

 

 

(383

)

 

 

(47

)

 

 

(495

)

Balance as of June 30, 2026

 

$

14,635

 

 

$

4,895

 

 

$

14,983

 

 

$

34,513

 

 

(1)
Other mainly relates to the impact of foreign exchange.
(2)
Recoveries / (losses) from freestanding credit enhancements related to Settlement receivables, net, were $84 and ($185) for the three months ended June 30, 2026 and 2025, respectively, and $244 and $218 for the six months ended June 30, 2026 and 2025, respectively. Recoveries from freestanding credit enhancements related to Settlement receivables, net are recorded separately from expected credit losses in "Selling, general and administrative" in the unaudited condensed consolidated statement of comprehensive loss.