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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,496.7 $ 920.3
Financial investments 34.2 110.3
Accounts receivable, net of $6.6 allowance for credit losses at September 30, 2025 and $6.6 at December 31, 2024 437.3 444.6
Margin deposits, clearing funds, and interoperability funds 1,640.8 845.5
Income taxes receivable 33.7 73.8
Other current assets (includes restricted cash of $32.5 at September 30, 2025 and $— at December 31, 2024) 99.3 84.6
Total current assets 3,742.0 2,479.1
Investments 430.2 383.7
Property and equipment, net 126.1 118.0
Operating lease right of use assets 116.1 124.5
Goodwill 3,146.9 3,124.2
Intangible assets, net 1,330.3 1,376.9
Other assets, net 177.0 182.7
Total assets 9,068.6 7,789.1
Current liabilities:    
Accounts payable and accrued liabilities 517.7 359.7
Section 31 fees payable 0.2 182.0
Deferred revenue 6.8 6.4
Margin deposits, clearing funds, and interoperability funds 1,640.8 845.5
Income taxes payable 13.2 1.6
Total current liabilities 2,178.7 1,395.2
Long-term debt 1,442.4 1,441.0
Non-current unrecognized tax benefits 235.2 305.0
Deferred income taxes 162.0 186.8
Non-current operating lease liabilities 127.2 138.4
Other non-current liabilities 38.2 43.1
Total liabilities 4,183.7 3,509.5
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at September 30, 2025 and December 31, 2024 0.0 0.0
Common stock, $0.01 par value: 325,000,000 shares authorized, 105,078,576 and 104,636,261 shares issued and outstanding, respectively at September 30, 2025 and 104,693,373 and 104,686,478 shares issued and outstanding, respectively at December 31, 2024 1.0 1.0
Common stock in treasury, at cost: 442,315 shares at September 30, 2025 and 6,895 shares at December 31, 2024 (95.0) (1.4)
Additional paid-in capital 1,560.2 1,512.5
Retained earnings 3,394.1 2,815.9
Accumulated other comprehensive income (loss), net 24.6 (48.4)
Total stockholders’ equity 4,884.9 4,279.6
Total liabilities and stockholders’ equity $ 9,068.6 $ 7,789.1