Revenue

12 Months Ended

Sep. 30, 2025

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:

	For the Years Ended September 30,
	2025		2024		2023
	(in millions)
Service revenue	$	17,539	$	16,114	$	14,826
Data processing revenue	19,993		17,714		16,007
International transaction revenue	14,166		12,665		11,638
Other revenue	4,053		3,197		2,479
Client incentives	(15,751)		(13,764)		(12,297)
Net revenue	$	40,000	$	35,926	$	32,653

	For the Years Ended September 30,
	2025		2024		2023
	(in millions)
U.S.	$	15,633	$	14,780	$	14,138
International	24,367		21,146		18,515
Net revenue	$	40,000	$	35,926	$	32,653

For fiscal 2025, 2024, and 2023, revenue from value-added services was $10.9 billion, $8.8 billion and $7.2 billion, respectively. Revenue from Value-added Services is recognized within data processing, other and service revenue.

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 September 30, 2025, the remaining performance obligations were $4.9 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.