Want to see FOUR full AI Analyst Report?
Revenue by Segment
Breaks down earnings by different business units, highlighting which segments are driving growth and where the company might focus its strategic efforts.Payments-based revenue is the clear growth engine—sustained and increasingly international—while Subscription & Other has evolved into a meaningful, higher‑margin recurring stream after mid‑2024 product traction. The late‑2025 addition of TFS (Global Blue) materially lifts reported revenue but brings seasonal cash drag and travel‑disruption volatility; management baked a travel headwind into Q2 guidance and warns H1 is cash‑consumptive. In short, underlying payments momentum supports margins and buybacks, but near‑term free cash flow and guidance hinge on TFS recovery and integration execution.
Date | Payments Based | Subscription and Other | TFS |
|---|---|---|---|
Jun 30, 2026 | $1.07B | $105.00M | $117.00M |
Mar 31, 2026 | $917.00M | $102.00M | $102.00M |
Dec 31, 2025 | $919.00M | $145.00M | $125.00M |
Sep 30, 2025 | $928.00M | $119.00M | $130.00M |
Jun 30, 2025 | $868.50M | $97.70M | $0.00 |
Mar 31, 2025 | $755.70M | $92.60M | $0.00 |
Dec 31, 2024 | $772.40M | $114.60M | $0.00 |
Sep 30, 2024 | $806.80M | $102.40M | $0.00 |
Jun 30, 2024 | $755.80M | $71.20M | $0.00 |
Mar 31, 2024 | $655.10M | $52.30M | $0.00 |