Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 86

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 7
Chunk 86
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 the expense related to nondeductible penalties, and higher expenses related to state taxes, net of federal benefits, partially offset by higher tax benefits from general business credits and cash value growth in bank owned life insurance policies. 

The "Other" category in our effective tax rate consists of a variety of permanent differences, none of which were individually significant.

42

Segment Results

Consumer Services

The results of operations and key metrics of our Consumer Services segment for the years ended December 31, 2024 and 2023 were as follows:

Year Ended December 31,20242023Change%(In thousands, except percentages)Financial ResultsSegment revenues$402,462 $498,617 $(96,155)(19.3)%Segment expenses240,562 321,427 (80,865)(25.2)%Segment profit$161,900 $177,190 $(15,290)(8.6)%Key Metrics(In millions, except percentages)Gross dollar volume$16,557 $19,708 $(3,151)(16.0)%Number of active accounts*1.88 2.05 (0.17)(8.3)%Direct deposit active accounts*0.43 0.49 (0.06)(12.2)%Purchase volume$12,361 $15,193 $(2,832)(18.6)%

* Represents number of active and direct deposit active accounts as of December 31, 2024 and 2023, respectively.

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

20242023Q4Q3Q2Q1Q4Q3Q2Q1(In millions)Key MetricsGross dollar volume4,060 3,983 4,014 4,500 4,290 4,619 5,122 5,677 Number of active accounts*1.88 1.78 1.76 1.93 2.05 2.16 2.35 2.41 Direct deposit active accounts*0.43 0.44 0.45 0.46 0.49 0.52 0.59 0.60 Purchase volume3,082 2,904 3,036 3,339 3,312 3,553 3,984 4,344 

* Represents number of active and direct deposit active accounts