Revenues |
3 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Revenues | Revenues Disaggregation of revenues The following table summarizes the components of our net revenues:
(1) Subscription and service revenue includes amounts related to our Instacash Advances of $147 million and $97 million, during the three months ended July 3, 2026 and July 4, 2025, respectively. Refer to Note 2 for additional information regarding our Instacash Advances. Contract liabilities During the three months ended July 3, 2026, we recognized $765 million from the contract liabilities balances as of April 3, 2026. During the three months ended July 4, 2025, we recognized $800 million from the contract liabilities balances as of March 28, 2025. Remaining performance obligations Remaining performance obligations represent contracted revenue that has not been recognized, which include contract liabilities and, when applicable, amounts that will be billed and recognized as revenue in future periods. As of July 3, 2026, we had $1,325 million of remaining performance obligations, excluding customer deposit liabilities of $594 million, of which we expect to recognize approximately 94% as revenue over the next 12 months. See Note 14 for tabular disclosures of disaggregated revenue by reportable segment and geographic region.
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