XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.25.3

Segments (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Segment Reporting [Abstract] |
Schedule of Company's Segment Results | The Company’s segment results are as follows for the three and nine month periods ended September 30, 2025 and 2024 (in thousands)*:
|  | Three Months Ended September 30, 2025
|  | Vehicle Payments 1 |  | Corporate Payments |  | Lodging Payments |  | Other |  | Total
Revenues, net |  | $ | 553,192 |  |  | $ | 409,709 |  |  | $ | 127,012 |  |  | $ | 82,567 |  |  | $ | 1,172,480 |
Expenses: |  |  |  |  |  |  |  |  |  |
Processing |  | 94,984 |  |  | 79,229 |  |  | 31,140 |  |  | 43,408 |  |  | 248,761 |
Selling |  | 51,143 |  |  | 56,926 |  |  | 7,697 |  |  | 1,862 |  |  | 117,628 |
General and administrative |  | 81,904 |  |  | 65,648 |  |  | 18,479 |  |  | 12,580 |  |  | 178,611 |
Depreciation |  | 19,348 |  |  | 7,882 |  |  | 4,161 |  |  | 1,376 |  |  | 32,767 |
Amortization |  | 28,887 |  |  | 22,562 |  |  | 8,439 |  |  | 508 |  |  | 60,396 |
Other operating, net |  | 11,186 |  |  | 6 |  |  | 3 |  |  | 2 |  |  | 11,197 |
Operating income |  | $ | 265,740 |  |  | $ | 177,456 |  |  | $ | 57,093 |  |  | $ | 22,831 |  |  | 523,120 |
Other expenses: |  |  |  |  |  |  |  |  |  |
Other expense, net |  |  |  |  |  |  |  |  |  | 1,383 |
Interest expense, net |  |  |  |  |  |  |  |  |  | 100,035 |
Total other expenses |  |  |  |  |  |  |  |  |  | 101,418 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 421,702 |
|  | Three Months Ended September 30, 2025
|  | Vehicle Payments 1 |  | Corporate Payments |  | Lodging Payments |  | Other |  | Total
Other segment disclosures 3: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 31,353 |  |  | $ | 12,217 |  |  | $ | 5,325 |  |  | $ | 2,013 |  |  | $ | 50,908 |
|  | Nine Months Ended September 30, 2025
|  | Vehicle Payments 1 |  | Corporate Payments |  | Lodging Payments |  | Other |  | Total
Revenues, net |  | $ | 1,565,827 |  |  | $ | 1,154,272 |  |  | $ | 357,027 |  |  | $ | 203,051 |  |  | $ | 3,280,177 |
Expenses: |  |  |  |  |  |  |  |  |  |
Processing |  | 283,678 |  |  | 234,257 |  |  | 91,638 |  |  | 99,549 |  |  | 709,122 |
Selling |  | 144,943 |  |  | 165,396 |  |  | 23,332 |  |  | 7,291 |  |  | 340,962 |
General and administrative |  | 238,388 |  |  | 188,850 |  |  | 53,705 |  |  | 31,621 |  |  | 512,564 |
Depreciation |  | 53,465 |  |  | 21,742 |  |  | 11,671 |  |  | 4,066 |  |  | 90,944 |
Amortization |  | 88,072 |  |  | 69,455 |  |  | 26,713 |  |  | 1,517 |  |  | 185,757 |
Other operating, net |  | 11,183 |  |  | 6 |  |  | 5 |  |  | — |  |  | 11,194 |
Operating income |  | $ | 746,098 |  |  | $ | 474,566 |  |  | $ | 149,963 |  |  | $ | 59,007 |  |  | 1,429,634 |
Other expenses: |  |  |  |  |  |  |  |  |  |
Other (income) expense, net |  |  |  |  |  |  |  |  |  | (5,094) |
Interest expense, net |  |  |  |  |  |  |  |  |  | 290,829 |
Loss on early extinguishment of debt |  |  |  |  |  |  |  | 1,596 |
Total other expenses |  |  |  |  |  |  |  |  |  | 287,331 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 1,142,303 |
|  | Nine Months Ended September 30, 2025
|  | Vehicle Payments |  | Corporate Payments |  | Lodging Payments |  | Other |  | Total
Other segment disclosures 3: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 96,948 |  |  | $ | 29,892 |  |  | $ | 15,161 |  |  | $ | 6,314 |  |  | $ | 148,315 |
|  | Three Months Ended September 30, 2024
|  | Vehicle Payments 2 |  | Corporate Payments |  | Lodging Payments |  | Other |  | Total
Revenues, net |  | $ | 506,803 |  |  | $ | 321,850 |  |  | $ | 134,023 |  |  | $ | 66,521 |  |  | $ | 1,029,197 |
Expenses: |  |  |  |  |  |  |  |  |  |
Processing |  | 91,348 |  |  | 69,914 |  |  | 31,139 |  |  | 31,294 |  |  | 223,695 |
Selling |  | 44,403 |  |  | 41,934 |  |  | 5,881 |  |  | 1,942 |  |  | 94,160 |
General and administrative |  | 76,103 |  |  | 49,279 |  |  | 19,173 |  |  | 9,104 |  |  | 153,659 |
Depreciation |  | 17,501 |  |  | 7,202 |  |  | 3,525 |  |  | 2,232 |  |  | 30,460 |
Amortization |  | 33,134 |  |  | 16,643 |  |  | 8,803 |  |  | 506 |  |  | 59,086 |
Other operating, net |  | 5 |  |  | — |  |  | — |  |  | — |  |  | 5 |
Operating income |  | $ | 244,308 |  |  | $ | 136,876 |  |  | $ | 65,501 |  |  | $ | 21,447 |  |  | 468,132 |
Other expenses: |  |  |  |  |  |  |  |  |  |
Other expense, net |  |  |  |  |  |  |  |  |  | 368 |
Interest expense, net |  |  |  |  |  |  |  |  |  | 104,441 |
Loss on early extinguishment of debt |  |  |  |  |  |  |  | 5,040 |
Total other expenses |  |  |  |  |  |  |  |  |  | 109,849 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 358,283 |
|  | Three Months Ended September 30, 2024
|  | Vehicle Payments |  | Corporate Payments |  | Lodging Payments |  | Other |  | Total
Other segment disclosures 3: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 29,711 |  |  | $ | 9,167 |  |  | $ | 5,012 |  |  | $ | 1,888 |  |  | $ | 45,778 |
|  | Nine Months Ended September 30, 2024
|  | Vehicle Payments 2 |  | Corporate Payments |  | Lodging Payments |  | Other |  | Total
Revenues, net |  | $ | 1,511,142 |  |  | $ | 875,725 |  |  | $ | 367,695 |  |  | $ | 185,596 |  |  | $ | 2,940,158 |
Expenses: |  |  |  |  |  |  |  |  |  |
Processing |  | 279,642 |  |  | 185,079 |  |  | 89,167 |  |  | 86,417 |  |  | 640,305 |
Selling |  | 132,491 |  |  | 125,090 |  |  | 18,780 |  |  | 7,031 |  |  | 283,392 |
General and administrative |  | 236,149 |  |  | 137,890 |  |  | 54,640 |  |  | 30,019 |  |  | 458,698 |
Depreciation |  | 52,847 |  |  | 21,475 |  |  | 9,550 |  |  | 5,032 |  |  | 88,904 |
Amortization |  | 97,875 |  |  | 43,871 |  |  | 26,373 |  |  | 1,625 |  |  | 169,744 |
Other operating, net |  | 110 |  |  | 176 |  |  | 16 |  |  | 4 |  |  | 306 |
Operating income |  | $ | 712,028 |  |  | $ | 362,143 |  |  | $ | 169,169 |  |  | $ | 55,469 |  |  | 1,298,809 |
Other expenses: |  |  |  |  |  |  |  |  |  |
Other expense, net |  |  |  |  |  |  |  |  |  | 7,788 |
Interest expense, net |  |  |  |  |  |  |  |  |  | 288,206 |
Loss on early extinguishment of debt |  |  |  |  |  |  |  | 5,040 |
Total other expenses |  |  |  |  |  |  |  |  |  | 301,034 |
Income before income taxes |  |  |  |  |  |  |  |  |  | $ | 997,775 |
|  | Nine Months Ended September 30, 2024
|  | Vehicle Payments |  | Corporate Payments |  | Lodging Payments |  | Other |  | Total
Other segment disclosures 3: |  |  |  |  |  |  |  |  |  |
Capital expenditures |  | $ | 88,159 |  |  | $ | 24,024 |  |  | $ | 14,427 |  |  | $ | 4,457 |  |  | $ | 131,067 |
*Columns may not calculate due to rounding. Other includes our Gift and Payroll Card operating segments. 1 Results from Gringo acquired in the first quarter of 2025 are reported in the Vehicle Payments segment from the date of acquisition. 2 Results from Zapay acquired in the first quarter of 2024 are reported in the Vehicle Payments segment from the date of acquisition. 3 Total assets for each reportable segment are not presented as the Chief Operating Decision Maker does not evaluate performance or allocate resources based on segment assets.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration