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Summary of Significant Accounting Policies (Tables) | 9 Months Ended
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Sep. 30, 2025
Accounting Policies [Abstract] |
Schedule of Foreign Exchange (Gains) Losses | The Company recognized foreign exchange gains and losses, which are recorded within Other expense, net in the Unaudited Consolidated Statements of Income, for the three and nine months ended September 30, 2025 and 2024 as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Foreign exchange (gains) losses | $ | (0.1) |  |  | $ | (1.2) |  |  | $ | 2.6 |  |  | $ | 5.8 |
Schedule of Foreign Currency Losses on Long-Term Intra-entity Transactions | The Company recorded foreign currency gains and losses 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 and nine months ended September 30, 2025 and 2024 as follows (in millions):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency (gains) losses on long-term intra-entity transactions | $ | (47.6) |  |  | $ | 67.4 |  |  | $ | 63.4 |  |  | $ | 148.2 |
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):
| September 30, 2025 |  | December 31, 2024 |  | September 30, 2024 |  | December 31, 2023
Cash and cash equivalents | $ | 2,005,508 |  |  | $ | 1,553,642 |  |  | $ | 1,303,464 |  |  | $ | 1,389,648 |
Restricted cash | 2,908,885 |  |  | 2,902,703 |  |  | 2,851,547 |  |  | 1,751,887 |
Total cash and cash equivalents and restricted cash | $ | 4,914,393 |  |  | $ | 4,456,345 |  |  | $ | 4,155,011 |  |  | $ | 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):
| September 30, 2025 |  | December 31, 2024 |  | September 30, 2024 |  | December 31, 2023
Cash and cash equivalents | $ | 2,005,508 |  |  | $ | 1,553,642 |  |  | $ | 1,303,464 |  |  | $ | 1,389,648 |
Restricted cash | 2,908,885 |  |  | 2,902,703 |  |  | 2,851,547 |  |  | 1,751,887 |
Total cash and cash equivalents and restricted cash | $ | 4,914,393 |  |  | $ | 4,456,345 |  |  | $ | 4,155,011 |  |  | $ | 3,141,535 |
Disaggregation of Revenue | Revenues, net by segment for the three and nine months ended September 30, 2025 and 2024 was as follows (in millions, except percentages):
Revenues, net by Segment* | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | % |  | 2024 |  | % |  | 2025 |  | % |  | 2024 |  | %
Vehicle Payments | $ | 553.2 |  |  | 47 | % |  | $ | 506.8 |  |  | 49 | % |  | $ | 1,565.8 |  |  | 48 | % |  | $ | 1,511.1 |  |  | 51 | %
Corporate Payments | 409.7 |  |  | 35 | % |  | 321.9 |  |  | 31 | % |  | 1,154.3 |  |  | 35 | % |  | 875.7 |  |  | 30 | %
Lodging Payments | 127.0 |  |  | 11 | % |  | 134.0 |  |  | 13 | % |  | 357.0 |  |  | 11 | % |  | 367.7 |  |  | 13 | %
Other | 82.6 |  |  | 7 | % |  | 66.5 |  |  | 6 | % |  | 203.1 |  |  | 6 | % |  | 185.6 |  |  | 6 | %
Consolidated revenues, net | $ | 1,172.5 |  |  | 100 | % |  | $ | 1,029.2 |  |  | 100 | % |  | $ | 3,280.2 |  |  | 100 | % |  | $ | 2,940.2 |  |  | 100 | %
*Columns may not calculate due to rounding.
Revenue from External Customers by Geographic Areas | Revenue by geography for the three and nine months ended September 30, 2025 and 2024 was as follows (in millions, except percentages):
Revenues, net by Geography* | Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2025 |  | % |  | 2024 |  | % |  | 2025 |  | % |  | 2024 |  | %
United States | $ | 575.0 |  |  | 49 | % |  | $ | 542.4 |  |  | 53 | % |  | $ | 1,623.6 |  |  | 50 | % |  | $ | 1,531.0 |  |  | 52 | %
Brazil | 182.5 |  |  | 16 | % |  | 145.3 |  |  | 14 | % |  | 515.4 |  |  | 16 | % |  | 443.7 |  |  | 15 | %
United Kingdom | 159.1 |  |  | 14 | % |  | 142.4 |  |  | 14 | % |  | 453.2 |  |  | 14 | % |  | 404.5 |  |  | 14 | %
Other | 255.9 |  |  | 22 | % |  | 199.1 |  |  | 19 | % |  | 687.9 |  |  | 21 | % |  | 560.9 |  |  | 19 | %
Consolidated revenues, net | $ | 1,172.5 |  |  | 100 | % |  | $ | 1,029.2 |  |  | 100 | % |  | $ | 3,280.2 |  |  | 100 | % |  | $ | 2,940.2 |  |  | 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 September 30, 2025 and December 31, 2024 (in millions):
| September 30, 2025 |  | December 31, 2024
| Gross |  | Offset on the Balance Sheet |  | Net |  | Gross |  | Offset on the Balance Sheet |  | Net
Assets |  |  |  |  |  |  |  |  |  |  |
Accounts Receivable | $ | 6,599.1 |  |  | $ | (6,383.0) |  |  | $ | 216.1 |  |  | $ | 2,305.6 |  |  | $ | (2,131.8) |  |  | $ | 173.8 |
Liabilities |  |  |  |  |  |  |  |  |  |  |
Accounts Payable | $ | 6,541.2 |  |  | $ | (6,383.0) |  |  | $ | 158.2 |  |  | $ | 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 September 30, 2025 and December 31, 2024 (in millions):
|  |  | September 30, 2025 |  | December 31, 2024
| Balance Sheet Classification |  | Fair Value
Derivative Assets | Prepaid expenses and other current assets |  | $ | 523.4 |  |  | $ | 630.2 |
Derivative Assets | Other assets |  | $ | 229.8 |  |  | $ | 203.5 |
Derivative Liabilities | Other current liabilities |  | $ | 413.7 |  |  | $ | 538.6 |
Derivative Liabilities | Other noncurrent liabilities |  | $ | 172.7 |  |  | $ | 185.7 |

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