v3.26.3
Segment and Geographical Information
 9 Months Ended
Sep. 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 September 30,Nine months ended September 30,
2026202520262025
(in US $ millions, except percentages)
North America
United States2,373 63 %1,783 63 %6,657 63 %4,986 63 %
Canada172 5 %138 5 %490 5 %390 5 %
Europe766 20 %592 20 %2,140 20 %1,585 20 %
APAC362 10 %282 10 %1,020 10 %787 10 %
Rest of World
69 2 %49 2 %188 2 %136 2 %
Total Revenue
3,742 100 %2,844 100 %10,495 100 %7,884 100 %