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Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segments Segments
The Company reports information about its operating segments in accordance with the authoritative guidance related to segments. During the first quarter of 2026, the Company refined its segment composition within its existing reportable segments to reflect how the Company's Chief Executive Officer, who is the Chief Operating Decision Maker (CODM), currently organizes and manages the global business. As a result of the changes, the Company's segment structure was updated. These changes include realignment of the outsourced card processing business from Corporate Payments to Other, and enterprise clients using the spend management product for vehicle and corporate payments from Vehicle Payments to Corporate Payments. The refined composition within the Company's reportable segments aligns with how the CODM allocates resources, assesses performance and reviews financial information. The CODM uses segment operating income to make decisions regarding the allocation of resources (including financial resources and capital spending) to each segment primarily in the annual budgeting and forecasting processes and reviews budget to actual variances for segment operating income on a monthly, quarterly and annual basis to assess the performance of each segment. The presentation of segment information has been recast for the prior periods to align with the revised segment presentation. Segment results are as follows for the three and six month periods ended June 30, 2026 and 2025 (in thousands)*:
Three Months Ended June 30, 2026
Corporate Payments2
Vehicle Payments1
Lodging Payments
Other
Total
Revenues, net$548,724 $580,209 $123,183 $86,693 $1,338,809 
Expenses:
Processing 101,071 109,258 32,540 32,296 275,165 
Selling 83,390 51,550 10,376 5,291 150,607 
General and administrative108,005 82,942 19,238 13,489 223,674 
Depreciation9,754 20,061 4,741 2,166 36,722 
Amortization47,526 26,644 6,898 507 81,575 
Other operating, net(664)100,800 (110)(135)99,891 
Gain on disposition, net— 1,099 — — 1,099 
Operating income$199,642 $190,053 $49,500 $33,079 472,274 
Other expenses:
Other expense, net6,278 
Interest expense, net114,719 
Loss on early extinguishment of debt6,557 
Total other expenses127,554 
Income before income taxes$344,720 

Three Months Ended June 30, 2026
Corporate Payments2
Vehicle Payments1
Lodging Payments
Other
Total
Other segment disclosures3:
Capital expenditures
$12,938 $32,575 $6,865 $2,058 $54,436 

Six Months Ended June 30, 2026
Corporate Payments2
Vehicle Payments1
Lodging Payments
Other
Total
Revenues, net$1,052,591 $1,144,112 $234,157 $168,936 $2,599,796 
Expenses:
Processing 206,113 215,911 63,146 62,057 547,227 
Selling 160,176 109,247 19,367 10,024 298,814 
General and administrative197,413 166,616 36,455 26,989 427,473 
Depreciation19,149 39,446 9,163 4,342 72,100 
Amortization91,380 54,829 13,799 1,015 161,023 
Other operating, net(363)107,728 (38)(85)107,242 
Gain on disposition
— 122,522 — — 122,522 
Operating income$378,723 $572,857 $92,265 $64,594 1,108,439 
Other expenses:
Other expense, net
27,326 
Interest expense, net224,819 
Loss on early extinguishment of debt6,557 
Total other expenses258,702 
Income before income taxes$849,737 
Six Months Ended June 30, 2026
Corporate Payments2
Vehicle Payments1
Lodging Payments
Other
Total
Other segment disclosures3:
Capital expenditures
$23,901 $62,613 $14,904 $4,111 $105,529 

Three Months Ended June 30, 2025
Corporate Payments
Vehicle Payments1
Lodging Payments
Other
Total
Revenues, net$387,305 $512,027 $119,790 $82,908 $1,102,030 
Expenses:
Processing 77,847 97,325 30,520 32,825 238,517 
Selling 56,798 47,292 8,449 3,238 115,777 
General and administrative65,350 80,100 18,567 12,977 176,994 
Depreciation7,295 16,858 3,784 1,843 29,780 
Amortization23,078 28,807 9,176 509 61,570 
Other operating, net— 2 — — 2 
Operating income$156,937 $241,643 $49,294 $31,516 479,390 
Other expenses:
Other income, net(10,572)
Interest expense, net96,872 
Total other expenses86,300 
Income before income taxes$393,090 

Three Months Ended June 30, 2025
Corporate Payments
Vehicle Payments1
Lodging Payments
Other
Total
Other segment disclosures3:
Capital expenditures
$10,095 $34,917 $5,107 $2,517 $52,636 
Six Months Ended June 30, 2025
Corporate Payments
Vehicle Payments1
Lodging Payments
Other
Total
Revenues, net$732,421 $986,305 $230,015 $158,956 $2,107,697 
Expenses:
Processing 156,714 184,526 60,499 58,622 460,361 
Selling 107,633 92,767 16,153 6,781 223,334 
General and administrative121,234 152,066 35,242 25,411 333,953 
Depreciation13,188 33,336 7,510 4,143 58,177 
Amortization46,892 59,184 18,274 1,011 125,361 
Other operating, net— (3)— — (3)
Operating income
$286,760 $464,429 $92,337 $62,988 906,514 
Other expenses:
Other income, net
(6,477)
Interest expense, net190,794 
Loss on early extinguishment of debt1,596 
Total other expenses185,913 
Income before income taxes$720,601 

Six Months Ended June 30, 2025
Corporate Payments
Vehicle Payments1
Lodging Payments
Other
Total
Other segment disclosures3:
Capital expenditures
$17,675 $65,595 $9,836 $4,301 $97,407 
*Columns may not calculate due to rounding. Other includes our Gift, Outsourced Card Processing and Payroll Card operating segments. Prior periods have been recast to reflect current segment presentation.
1 Results of the Company's PayByPhone business disposed of in the first quarter of 2026 are included in the Vehicle Payments segment for all periods prior to disposition. 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 Alpha acquired in the fourth quarter of 2025 are reported in the Corporate 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.