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Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2026

Accounting Policies [Abstract]

Schedule of Foreign Exchange Losses

The Company recognized net foreign exchange gains and losses, which are recorded within other expense, net in the Unaudited Consolidated Statements of Income, for the three and six months ended June 30, 2026 and 2025 as follows (in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Foreign exchange (gains) losses			$	—					$	(1.0)					$	0.8					$	2.7

Schedule of Foreign Currency Gain and 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 six months ended June 30, 2026 and 2025 as follows (in millions):

			Three Months Ended June 30,												Six Months Ended June 30,
			2026						2025						2026						2025
Foreign currency (gains) losses on long-term intra-entity transactions			$	(3.2)					$	83.3					$	(66.9)					$	111.0

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):

			June 30, 20261						December 31, 2025						June 30, 2025						December 31, 2024
Cash and cash equivalents			$	3,163,539					$	2,408,097					$	2,192,849					$	1,553,642
Restricted cash			7,004,803						6,583,843						3,338,509						2,902,703
Total cash and cash equivalents and restricted cash			$	10,168,342					$	8,991,940					$	5,531,358					$	4,456,345
1 Amounts exclude $24.7 million of cash held for sale related to the Maintenance disposition. See Note 15 for further information.

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):

			June 30, 20261						December 31, 2025						June 30, 2025						December 31, 2024
Cash and cash equivalents			$	3,163,539					$	2,408,097					$	2,192,849					$	1,553,642
Restricted cash			7,004,803						6,583,843						3,338,509						2,902,703
Total cash and cash equivalents and restricted cash			$	10,168,342					$	8,991,940					$	5,531,358					$	4,456,345
1 Amounts exclude $24.7 million of cash held for sale related to the Maintenance disposition. See Note 15 for further information.

Disaggregation of Revenue

Revenues, net by segment for the three and six months ended June 30, 2026 and 2025 were as follows (in millions, except percentages):

Revenues, net by Segment*			Three Months Ended June 30,																								Six Months Ended June 30,
			2026						%						2025						%						2026						%						2025						%
Corporate Payments			$	548.7					41		%				$	387.3					35		%				$	1,052.6					40		%				$	732.4					35		%
Vehicle Payments			580.2						43		%				512.0						46		%				1,144.1						44		%				986.3						47		%
Lodging Payments			123.2						9		%				119.8						11		%				234.2						9		%				230.0						11		%
Other			86.7						6		%				82.9						8		%				168.9						6		%				159.0						8		%
Consolidated revenues, net			$	1,338.8					100		%				$	1,102.0					100		%				$	2,599.8					100		%				$	2,107.7					100		%

*Columns may not calculate due to rounding. Segment results for 2025 have been recast to conform with current period segment presentation as discussed in Note 11.

Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue

Revenue by geography for the three and six months ended June 30, 2026 and 2025 was as follows (in millions, except percentages):

Revenues, net by Geography*			Three Months Ended June 30,																								Six Months Ended June 30,
			2026						%						2025						%						2026						%						2025						%
United States			$	600.2					45		%				$	541.4					49		%				$	1,143.7					44		%				$	1,048.7					50		%
Brazil			217.2						16		%				170.3						15		%				428.4						16		%				332.8						16		%
United Kingdom			202.2						15		%				148.2						13		%				407.0						16		%				294.2						14		%
Other			319.2						24		%				242.2						22		%				620.8						24		%				432.0						20		%
Consolidated revenues, net			$	1,338.8					100		%				$	1,102.0					100		%				$	2,599.8					100		%				$	2,107.7					100		%

*Columns may not calculate due to rounding.

Schedule of Derivative Assets at Fair Value

The following table presents the Company’s spot trade assets and liabilities at their fair value at June 30, 2026 and December 31, 2025 (in millions):

			June 30, 2026																		December 31, 2025
			Gross						Offset on the Balance Sheet						Net						Gross						Offset on the Balance Sheet						Net
Assets
Accounts Receivable			$	7,629.2					$	(7,235.7)					$	393.5					$	5,285.7					$	(5,086.5)					$	199.2
Liabilities
Accounts Payable			$	7,538.1					$	(7,235.7)					$	302.4					$	5,194.1					$	(5,086.5)					$	107.6

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 June 30, 2026 and December 31, 2025 (in millions): 

									June 30, 2026						December 31, 2025
			Balance Sheet Classification						Fair Value
Derivative Assets			Prepaid expenses and other current assets						$	702.9					$	660.4
Derivative Assets			Other assets						$	347.1					$	288.7
Derivative Liabilities			Other current liabilities						$	462.8					$	450.0
Derivative Liabilities			Other noncurrent liabilities						$	280.7					$	205.1

Schedule of Changes in Redeemable Noncontrolling Interest

The following table presents a reconciliation of the changes in the redeemable noncontrolling interest balance (in thousands):

						Redeemable Noncontrolling Interest
Balance at December 31, 2025						$	302,000
Net income attributable to redeemable noncontrolling interest						6,185
Adjustment to redemption value (non-cash)						5,815
Balance at June 30, 2026						$	314,000

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