v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information Segment Information
Segment Information

Operating segments are defined as components of an entity for which discrete financial information is available and is regularly reviewed by the Chief Operating Decision Maker (“CODM”) in making decisions regarding resource allocation and performance assessment. The Company’s CODM is its Chief Executive Officer. The Company has one operating segment and one reportable segment. The CODM assesses financial performance and decides how to allocate resources based on consolidated net income. Segment assets are reported on the Company’s unaudited condensed consolidated balance sheets.

The following table sets forth the Company’s significant segment expenses (in millions):

Three Months Ended
March 31,
20252026
Revenue$2,272 $2,678 
Less:
Merchant fees and chargebacks
399 474 
Salaries and benefits507 587 
Marketing382 506 
Stock-based compensation expense
358 410 
Professional and third-party services(1)
260 282 
Non-income taxes57 48 
Other items(2)
271 285 
Total costs and expenses2,234 2,592 
Income from operations38 86 
Interest income173 155 
Other income (expense), net(38)40 
Income before income taxes173 281 
Provision for income taxes19 121 
Net income $154 $160 

(1)Professional and third-party services primarily include expenses related to customer support partners, consultants and third-party service providers, contingent workforce and fees for legal, audit, and tax.
(2)Other items primarily include expenses and costs related to data hosting services, insurance, software and equipment, and customer relations.