Company: GDOT
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001386278-25-000076
Chunk: 122

Company: GREEN DOT CORP
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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 key metrics, our monthly maintenance fee revenues, ATM fee revenues and interchange revenues decreased year-over-year. In addition, our interchange rate declined due to a mix-shift toward categories of consumer purchases with lower effective rates for the comparable period, and a lower average spend per transaction.

Segment expenses for the three and nine months ended September 30, 2025 decreased from the comparable prior year periods primarily due to a decrease in overall transaction losses attributable to lower customer dispute volume across our portfolios and favorable reductions in our dispute loss rates, and lower supply chain material expenses due to fewer active accounts, partially offset by an increase in sales commissions from higher revenues on products subject to tiered revenue-sharing agreements. 

Overall, segment profit decreased for the three and nine months ended September 30, 2025 by approximately 19% and 8%, respectively, from the prior year comparable periods.

Money Movement Services

The results of operations and key metrics of our Money Movement Services segment for the three and nine months ended September 30, 2025 and 2024 were as follows:

Three Months Ended September 30,Nine Months Ended September 30,20252024Change%20252024Change%(In thousands, except percentages)Financial ResultsSegment revenues$29,819 $31,854 $(2,035)(6.4)%$190,914 $187,967 $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