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PDF2Dataset 9

Reconciliation from GAAP Revenues to Non-GAAP Constant Currency Revenues and GAAP Percentage Change in Revenues to Non-GAAP Percentage Change in Constant Currency Revenues (in millions, except percentages; unaudited) : We provide non-GAAP constant currency revenues (“constant currency revenues”) and non-GAAP percentage change in constant currency revenues (“percentage change in constant currency revenues”), because they facilitate the comparison of current results to historic performance by excluding the effect of foreign exchange rate movements (“FX Effect”) as well as hedging activities, which are recognized at the consolidated level, as they are not indicative of our core operating results. Non-GAAP constant currency revenues is defined as revenues excluding the effect of foreign exchange rate movements and hedging activities and is calculated by translating current period revenues using prior period exchange rates and excluding any hedging effect recognized in the current period. We calculate the percentage change in constant currency revenues by comparing constant currency revenues to the prior year comparable period revenues, excluding any hedging effect recognized in the prior period. Revenues by Geography Comparison from the Quarter Ended March 31, 2023 to the Quarter Ended March 31, 2024 Quarter Ended March 31, 2024 % Change from Prior Period Quarter Ended March 31,Less FX Effect Constant Currency Revenues As Reported Less Hedging Effect Less FX Effect Constant Currency Revenues 2023 2024 United States $ 32,864 $ 38,737 $ 0 $ 38,737 18 % 0 % 18 % EMEA 21,078 23,788 204 23,584 13 % 1 % 12 % APAC 11,681 13,289 (439) 13,728 14 % (4) % 18 % Other Americas 4,080 4,653 (152) 4,805 14 % (4) % 18 % Revenues, excluding hedging effect 69,703 80,467 (387) 80,854 15 % (1) % 16 % Hedging gains (losses) 84 72 Total revenues(1)$ 69,787 $ 80,539 $ 80,854 15 % 0 % (1) % 16 % (1)Total constant currency revenues of $80. 9 billion for the quarter ended March 31, 2024 increased $11. 2 billion compared to $69. 7 billion in revenues, excluding hedging effect for the quarter ended March 31, 2023. Comparison from the Quarter Ended December 31, 2023 to the Quarter Ended March 31, 2024 Quarter Ended March 31, 2024 % Change from Prior Period Quarter Ended Less FX Effect Constant Currency Revenues As Reported Less Hedging Effect Less FX Effect Constant Currency Revenues December 31, 2023March 31, 2024 United States $ 41,995 $ 38,737 $ 0 $ 38,737 (8) % 0 % (8) % EMEA 25,010 23,788 360 23,428 (5) % 1 % (6) % APAC 13,979 13,289 85 13,204 (5) % 1 % (6) % Other Americas 5,176 4,653 (72) 4,725 (10) % (1) % (9) % Revenues, excluding hedging effect 86,160 80,467 373 80,094 (7) % 0 % (7) % Hedging gains (losses) 150 72 Total revenues(1)$ 86,310 $ 80,539 $ 80,094 (7) % 0 % 0 % (7) % (1)Total constant currency revenues of $80. 1 billion for the quarter ended March 31, 2024 decrease d $6. 1 billion compared to $86. 2 billion in revenues, excluding hedging effect for the quarter ended December 31, 2023. 10

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