Quarterly report [Sections 13 or 15(d)]

Segment Information (Tables)

v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Summary of Profitability Measure and Significant Segment Expenses
Provided below is the Company’s segment profitability measure and significant segment expenses.
Three Months Ended June 30, Six Months Ended June 30,
2026 2025 2026 2025
Net revenues
 $ 375  $ 397  $ 702  $ 713 
Less expenses (a)
Compensation
 (50) (62) (114) (129)
Selling and advertising
 (22) (26) (37) (46)
Outsourced services and information technology (b)
(33) (32) (65) (64)
Professional fees
 (20) (26) (41) (47)
Other segment items (c)
(56) (77) (108) (120)
Corporate expenses (d)
(92) (87) (174) (158)
Consolidated net income
 $ 102  $ 87  $ 163  $ 149 
_____________________
(a)    The significant expense categories and amounts align with the segment-level information that is regularly provided to the Company’s CODM.
(b)    Information technology costs primarily include maintenance costs and software as a service cost.
(c)    Other segment items include depreciation and amortization, stock-based compensation, restructuring and other-related costs, travel and entertainment, insurance and other operating expenses.
(d)    Corporate expenses include interest expense, net, transaction and restructuring and other-related expenses, provision for income taxes, compensation costs, and other overhead costs.