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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 Payments1						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 Payments1						Corporate Payments						Lodging Payments						Other						Total
Other segment disclosures3:
Capital expenditures						$	31,353					$	12,217					$	5,325					$	2,013					$	50,908

						Nine Months Ended September 30, 2025
						Vehicle Payments1						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 disclosures3:
Capital expenditures						$	96,948					$	29,892					$	15,161					$	6,314					$	148,315

						Three Months Ended September 30, 2024
						Vehicle Payments2						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 disclosures3:
Capital expenditures						$	29,711					$	9,167					$	5,012					$	1,888					$	45,778

						Nine Months Ended September 30, 2024
						Vehicle Payments2						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 disclosures3:
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

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X

- References

No definition available.

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