Company: GDOT
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001386278-25-000064
Chunk: 192

Company: GREEN DOT CORP
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 8
Chunk 192
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 respectively, from the prior year comparable periods. Although limited, our segment profit margin increased year-over-year from improvement in our cost structure and revised economics of certain partnerships, despite the impact of certain BaaS partnerships largely providing for a fixed profit.

Money Movement Services

The results of operations and key metrics of our Money Movement 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$50,848 $52,963 $(2,115)(4.0)%$161,095 $156,113 $4,982 3.2 %Segment expenses16,736 17,672 (936)(5.3)%50,157 54,975 (4,818)(8.8)%Segment profit$34,112 $35,291 $(1,179)(3.3)%$110,938 $101,138 $9,800 9.7 %Key Metrics(In millions, except percentages)Number of cash transfers7.52 8.15 (0.63)(7.7)%15.03 15.92 (0.89)(5.6)%Number of tax refunds processed3.73 4.20 (0.47)(11.1)%11.71 13.48 (1.77)(13.1)%

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

20252024Q2Q1Q4Q3Q2Q1(In millions)Key MetricsNumber of cash transfers7.52 7.51 8.14 8.22 8.15 7.77 Number of tax refunds processed3.73 7.98 0.15 0.19 4.20 9.28 

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Segment revenues within our Money Movement services for the three months ended June 30, 2025 decreased $2.1 million, or 4%, and for the six months ended June 30, 2025 increased $5.0 million, or 3%, from the comparable prior year periods.  Segment expenses for the three and six months ended June 30, 2025 decreased $0.9 million, or 5