XML 31 R18.htm IDEA: XBRL DOCUMENT v3.24.3
Segments
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
Segments Segments
The Company reports information about its operating segments in accordance with the authoritative guidance related to segments. We manage and report our operating results through three reportable segments: Vehicle Payments, Corporate Payments and Lodging Payments. Our Gift and Payroll Card operating segments are included within Other. These segments align with how the Chief Operating Decision Maker (CODM) allocates resources, assesses performance and reviews financial information.
The Company’s segment results are as follows for the three and nine month periods ended September 30, 2024 and 2023 (in thousands):
Three Months Ended September 30,Nine Months Ended September 30,
20241
20232
20241
20232
Revenues, net:
Vehicle Payments
$506,803 $500,632 $1,511,142 $1,505,752 
Corporate Payments321,850 257,842 875,725 730,026 
Lodging Payments
134,023 141,389 367,695 400,287 
Other
66,521 71,029 185,596 184,334 
$1,029,197 $970,892 $2,940,158 $2,820,399 
Operating income:
Vehicle Payments
$244,308 $244,908 $712,028 $700,894 
Corporate Payments136,876 104,903 362,143 280,993 
Lodging Payments
65,501 74,023 169,169 196,832 
Other
21,447 21,143 55,469 54,103 
$468,132 $444,977 $1,298,809 $1,232,822 
Depreciation and amortization:
Vehicle Payments
$50,635 $49,905 $150,722 $152,181 
Corporate Payments23,845 20,417 65,346 58,356 
Lodging Payments
12,328 12,189 35,923 35,248 
Other
2,738 2,239 6,657 6,873 
$89,546 $84,750 $258,648 $252,658 
1 Results from Zapay acquired in the first quarter of 2024 are reported in the Vehicle Payments segment from the date of acquisition. Results from Paymerang acquired in the third quarter of 2024 are reported in the Corporate Payments segment from the date of acquisition.
2 Results of the Company's Russian business disposed of in August 2023 are included in the Vehicle Payments segment for all periods prior to disposition.