Company: GDOT
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001386278-25-000034
Chunk: 166

Company: GREEN DOT CORP
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 166
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 interchange rate declined due to a mix-shift toward categories of consumer purchases with lower effective rates, as well as a decrease in breakage revenue on our gift card portfolios for the comparable period.

Segment expenses for the three months ended March 31, 2025 decreased from the comparable prior year period primarily due a decrease in overall transaction losses attributable to lower customer dispute volume across our portfolios and favorable reductions in our dispute loss rates, partially offset by an increase in sales commissions from higher revenues on products subject to tiered revenue-sharing agreements. Overall, segment profit increased for the three months ended March 31, 2025 by approximately 1%, from the prior year comparable period.

B2B Services

The results of operations and key metrics of our B2B Services segment for the three months ended March 31, 2025 and 2024 were as follows:

Three Months Ended March 31,20252024Change%(In thousands, except percentages)Financial ResultsSegment revenues$341,991 $241,200 $100,791 41.8 %Segment expenses314,839 222,917 91,922 41.2 %Segment profit$27,152 $18,283 $8,869 48.5 %Key Metrics(In millions, except percentages)Gross dollar volume$33,014 $26,255 $6,759 25.7 %Number of active accounts*1.78 1.58 0.20 12.7 %Purchase volume$1,986 $1,935 $51 2.6 %

* Represents total number of active accounts as of March 31, 2025 and 2024, respectively.

As additional supplemental information, our key metrics within our B2B Services segment is presented on a quarterly basis as follows:

35

20252024Q1Q4Q3Q2Q1(In millions)Key MetricsGross dollar volume$33,014 $31,222 $29,490 $28,116 $26,255 Number of active accounts*1.78 1.79 1.68 1.65 1.58 Purchase volume$1,986 $2,070 $1,983 $1,976 $1,935 

* Represents total number of active accounts as of the end of each quarter.

Segment revenues within our B2B Services for the three months ended March 31,