v3.26.1
Revenue
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
The Company’s disaggregated net revenue by category and geographic region were as follows:
Three Months Ended March 31,
20262025
(in millions)
Net revenue by category:
Payment network$4,948 $4,432 
Value-added services and solutions3,450 2,818 
Net revenue$8,398 $7,250 
Net revenue by geographic region:
Americas 1
$3,564 $3,151 
Asia Pacific, Europe, Middle East and Africa
4,834 4,099 
Net revenue$8,398 $7,250 
1Americas includes the United States, Canada and Latin America.
The Company’s customers are generally billed weekly, with certain billings occurring on a monthly and quarterly basis. The frequency of billing is dependent upon the nature of the performance obligation and the underlying contractual terms. The Company does not typically offer extended payment terms to customers. The following table sets forth the location of the amounts recognized on the consolidated balance sheets from contracts with customers:
March 31,
2026
December 31,
2025
(in millions)
Receivables from contracts with customers
Accounts receivable
$3,985 $4,010 
Contract assets
Prepaid expenses and other current assets165 189 
Other assets491 508 
Deferred revenue 1
Other current liabilities1,409 1,137 
Other liabilities449 424 
1    Revenue recognized from performance obligations satisfied for the three months ended March 31, 2026 was $752 million