v3.25.1
Segment Information
 3 Months Ended
Mar. 31, 2025
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,
20242025
Revenue$2,142 $2,272 
Less:
Merchant fees and chargebacks
393 399 
Salaries and benefits441 507 
Marketing374 382 
Stock-based compensation expense
295 358 
Professional and third-party services(1)
247 260 
Non-income taxes55 57 
Other items(2)
236 271 
Total cost and expense2,041 2,234 
Income from operations101 38 
Interest income202 173 
Other expense, net(10)(38)
Income before income taxes293 173 
Provision for income taxes29 19 
Net income $264 $154 

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