Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 190

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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 year-over-year by similar levels during the six months ended June 30, 2025. As a result of these decreases in each of our 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 six months ended June 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 lower 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 six months ended June 30, 2025 by approximately 4% and 1%, respectively, from the prior year comparable periods.

B2B Services

The results of operations and key metrics of our B2B Services segment for the three and six months ended June 30, 2025 and 2024 were as follows:

Three Months Ended June 30,Six Months Ended June 30,20252024Change%20252024Change%(In thousands, except percentages)Financial ResultsSegment revenues$348,650 $252,056 $96,594 38.3 %$690,641 $493,256 $197,385 40.0 %Segment expenses320,670 232,978 87,692 37.6 %635,509 455,895 179,614 39.4 %Segment profit$27,980 $19,078 $8,902 46.7 %$55,132 $37,361 $17,771 47.6 %Key Metrics(In millions, except percentages)Gross dollar volume$34,620 $28,116 $6,504 23.1 %$67,634 $54,371 $13,263 24.4 %Number of active accounts*1.81 1.65 0.16 9.7 %n/an/an/an/aPurchase volume$2,000 $1,976 $24 1.2 %$3,986 $3,911 $75 1.9 %