Revenue

6 Months Ended

Mar. 31, 2024

Revenue from Contract with Customer [Abstract]

Revenue

Note 3—Revenue

The nature, amount, timing and uncertainty of the Company’s revenue and cash flows and how they are affected by economic factors are most appropriately depicted through the Company’s revenue categories and geographical markets. The following tables disaggregate the Company’s net revenue by revenue category and by geography:

	Three Months Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
	(in millions)
Service revenue	$	4,033	$	3,771	$	7,948	$	7,282
Data processing revenue	4,259		3,819		8,615		7,646
International transaction revenue	2,984		2,749		6,003		5,546
Other revenue	756		551		1,448		1,138
Client incentives	(3,257)		(2,905)		(6,605)		(5,691)
Net revenue	$	8,775	$	7,985	$	17,409	$	15,921

	Three Months Ended March 31,				Six Months Ended March 31,
	2024		2023		2024		2023
	(in millions)
U.S.	$	3,643	$	3,540	$	7,288	$	7,107
International	5,132		4,445		10,121		8,814
Net revenue	$	8,775	$	7,985	$	17,409	$	15,921

Remaining performance obligations are comprised of deferred revenue and contract revenue that will be invoiced and recognized as revenue in future periods primarily related to value added services. As of March 31, 2024, the remaining performance obligations were $3.4 billion. The Company expects approximately half to be recognized as revenue in the next two years and the remaining thereafter. However, the amount and timing of revenue recognition is affected by several factors, including contract modifications and terminations, which could impact the estimate of amounts allocated to remaining performance obligations and when such revenue could be recognized.