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Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of Foreign Exchange Gains (Losses)

The Company recognized foreign exchange losses, which are recorded within Other expense, net in the Unaudited Consolidated Statements of Income, for the three months ended March 31, 2025 and 2024 as follows (in millions):

			Three Months Ended March 31,
			2025						2024
Foreign exchange losses			$	3.8					$	3.1

Schedule of Foreign Currency Losses on Long-Term Intra-entity Transactions

The Company recorded foreign currency losses and gains on long-term intra-entity transactions included as a component of foreign currency translation (gains) losses, net of tax, in the Unaudited Consolidated Statements of Comprehensive Income for the three months ended March 31, 2025 and 2024 as follows (in millions):

			Three Months Ended March 31,
			2025						2024
Foreign currency losses on long-term intra-entity transactions			$	27.7					$	12.4

Schedule of Cash and Cash Equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to amounts within the Unaudited Consolidated Statements of Cash Flows (in thousands).

			March 31, 2025						December 31, 2024						March 31, 2024						December 31, 2023
Cash and cash equivalents			$	1,554,835					$	1,553,642					$	1,311,949					$	1,389,648
Restricted cash			2,828,588						2,902,703						1,890,727						1,751,887
Total cash and cash equivalents and restricted cash			$	4,383,423					$	4,456,345					$	3,202,676					$	3,141,535

Restrictions on Cash and Cash Equivalents

The following table provides a reconciliation of cash and cash equivalents and restricted cash reported within the Consolidated Balance Sheets to amounts within the Unaudited Consolidated Statements of Cash Flows (in thousands).

			March 31, 2025						December 31, 2024						March 31, 2024						December 31, 2023
Cash and cash equivalents			$	1,554,835					$	1,553,642					$	1,311,949					$	1,389,648
Restricted cash			2,828,588						2,902,703						1,890,727						1,751,887
Total cash and cash equivalents and restricted cash			$	4,383,423					$	4,456,345					$	3,202,676					$	3,141,535

Disaggregation of Revenue

Revenues, net by segment for the three months ended March 31, 2025 and 2024 was as follows (in millions, except percentages):

Revenues, net by Segment*			Three Months Ended March 31,
			2025						%						2024						%
Vehicle Payments			$	487.1					48		%				$	494.1					53		%
Corporate Payments			352.7						35		%				265.4						28		%
Lodging Payments			110.2						11		%				111.3						12		%
Other			55.7						6		%				64.5						7		%
Consolidated revenues, net			$	1,005.7					100		%				$	935.3					100		%

*Columns may not calculate due to rounding.

Revenue from External Customers by Geographic Areas

Revenue by geography for the three months ended March 31, 2025 and 2024 was as follows (in millions, except percentages):

Revenues, net by Geography*			Three Months Ended March 31,
			2025						%						2024						%
United States			$	507.2					50		%				$	481.7					52		%
Brazil			162.6						16		%				148.8						16		%
United Kingdom			146.0						15		%				128.9						14		%
Other			189.9						19		%				175.8						19		%
Consolidated revenues, net			$	1,005.7					100		%				$	935.3					100		%

*Columns may not calculate due to rounding. Disclosure has been conformed in all periods to align with current presentation, which is based on the geographic location of the legal entity.

Schedule of Derivative Assets at Fair Value

The following table presents the Company’s spot trade assets and liabilities at their fair value at March 31, 2025 and December 31, 2024 (in millions):

			March 31, 2025																		December 31, 2024
			Gross						Offset on the Balance Sheet						Net						Gross						Offset on the Balance Sheet						Net
Assets
Accounts Receivable			$	3,832.0					$	(3,630.2)					$	201.8					$	2,305.6					$	(2,131.8)					$	173.8
Liabilities
Accounts Payable			$	3,756.8					$	(3,630.2)					$	126.6					$	2,218.3					$	(2,131.8)					$	86.5

The following table presents the fair value of the Company’s derivative assets and liabilities, as well as their classification on the accompanying Consolidated Balance Sheets, as of March 31, 2025 and December 31, 2024 (in millions): 

									March 31, 2025						December 31, 2024
			Balance Sheet Classification						Fair Value
Derivative Assets			Prepaid expenses and other current assets						$	464.2					$	630.2
Derivative Assets			Other assets						$	167.6					$	203.5
Derivative Liabilities			Other current liabilities						$	374.1					$	538.6
Derivative Liabilities			Other noncurrent liabilities						$	158.7					$	185.7

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