Financial Performance - For the three months ended December 31, 2024, net revenue increased by 10% to 9,510millioncomparedto8,634 million in the prior year[91]. - Net income for the period was 5,119million,reflectinga54,890 million in the previous year[91]. - Non-GAAP net income increased by 11% to 5,463million,withnon−GAAPdilutedearningspersharerisingby142.75[91]. - Service revenue rose by 8% to 4,208million,drivenbya64,745 million, supported by an 11% growth in processed transactions[107]. - Cash provided by operating activities increased to 5,396million,upfrom3,614 million in the previous year[112]. Operating Expenses - Operating expenses rose by 22% to 3,276million,primarilyduetohigherpersonnelandgeneraladministrativeexpenses[93].−Non−GAAPoperatingexpensesincreasedby112,917 million, driven by similar factors as GAAP operating expenses[94]. - Operating expenses totaled 3,276million,reflectinga222,680 million in the prior year[108]. Shareholder Actions - The company repurchased 13 million shares of class A common stock for 3.9billion,withremainingauthorizedfundsforrepurchaseat9.1 billion[97]. - The company repurchased 3.9billionofitsclassAcommonstockduringthethreemonthsendedDecember31,2024[116].−Aquarterlycashdividendof1.2 billion was declared and paid to common and preferred stockholders[117]. Acquisitions - The company acquired Featurespace Limited for 946million,enhancingitscapabilitiesinreal−timeAIpaymentsprotectiontechnology[95].−ThecompanyacquiredFeaturespacefor946 million in December 2024[118]. Taxation - The effective income tax rate for the period was 17.4%, with a total income tax provision of 1,081million[101].−Theeffectiveincometaxratedecreasedto171,649 billion in the U.S. and $1,760 billion internationally[104].
