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Fixed Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
The components of fixed assets
The components of property and equipment, net were as follows at December 31, 2025 (in thousands):
Historical Cost Accumulated Depreciation and AmortizationNet Carrying Value
Internally developed software$2,053,301 $(1,163,845)$889,456 
Computers and software612,222 (423,455)188,767 
Buildings106,450 (25,192)81,258 
Leasehold improvements118,011 (67,086)50,925 
Furniture and equipment104,040 (86,047)17,993 
Land9,978 — 9,978 
Work in progress(1)
170,999 — 170,999 
Total property and equipment, net$3,175,001 $(1,765,625)$1,409,376 
____________________
(1)    Work in progress includes $110.6 million of internal software in development and related hardware and software at December 31, 2025.
The components of property and equipment, net were as follows at December 31, 2024 (in thousands):
Historical Cost Accumulated Depreciation and AmortizationNet Carrying Value
Internally developed software$1,628,889 $(871,226)$757,663 
Computers and software519,209 (339,553)179,656 
Buildings107,873 (23,254)84,619 
Leasehold improvements107,359 (61,142)46,217 
Furniture and equipment100,399 (89,084)11,315 
Land4,678 — 4,678 
Work in progress(1)
125,879 — 125,879 
Total property and equipment, net$2,594,286 $(1,384,259)$1,210,027 
____________________
(1)    Work in progress includes $102.4 million of internal software in development and related hardware and software at December 31, 2024.