Company: GDOT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001386278-25-000076
Chunk: 265

Company: GREEN DOT CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 265
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 $2,947 1.6 %Segment expenses16,915 19,137 (2,222)(11.6)%67,072 74,112 (7,040)(9.5)%Segment profit$12,904 $12,717 $187 1.5 %$123,842 $113,855 $9,987 8.8 %Key Metrics(In millions, except percentages)Number of cash transfers7.43 8.22 (0.79)(9.6)%22.46 24.14 (1.68)(7.0)%Number of tax refunds processed0.20 0.19 0.01 3.1 %11.91 13.67 (1.76)(12.9)%

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

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20252024Q3Q2Q1Q4Q3Q2Q1(In millions)Key MetricsNumber of cash transfers7.43 7.52 7.51 8.14 8.22 8.15 7.77 Number of tax refunds processed0.20 3.73 7.98 0.15 0.19 4.20 9.28 

Segment revenues within our Money Movement services for the three months ended September 30, 2025 decreased $2.0 million, or 6%, and for the nine months ended September 30, 2025 increased $2.9 million, or 2%, from the prior year comparable periods. Segment expenses for the three and nine months ended September 30, 2025 decreased $2.2 million, or 12%, and $7.0 million, or 9%, respectively.

The decrease in segment revenues for the three months ended September 30, 2025 was driven by a decrease in our cash transfer revenues due to a 10% decrease in the number of cash transfers processed. The decline in the number of cash transfers processed was due to a lower number of active accounts within our Consumer Services segment and to a lesser extent, a lower number of cash transfers processed for third-party programs. The decrease was partially offset by slightly higher tax processing revenues due to an 3% increase in the number of tax refunds processed and from higher ancillary tax program fees that are associated with tax refund transfers.

The