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Segment Reporting
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segment Reporting Disclosure Segment Information
The Company has one reportable segment that includes all the operations of the business. The segment’s chief operating decision maker is the Executive Chairman, President, and Chief Executive Officer. The chief operating decision maker assesses performance and decides how to allocate resources based on revenues, operating income and net income as reported on the Consolidated Statement of Comprehensive Income.
Revenues, operating income and net income are used to evaluate budget versus actual results and the overall return generated by the segment assets. The analysis of these financial results, among other metrics, is used to assess performance and drives employee incentive compensation, as well as executive compensation.
The following table presents information about segment revenues, significant expenses and profits:
Year Ended December 31,
202420232022
(In millions)
Revenues$1,557.4 $1,493.1 $1,424.9 
Costs and expenses:
Compensation and benefits expenses224.7 214.5 200.8 
Stock-based compensation expenses61.1 59.7 58.6 
Equipment and software expenses45.6 42.1 40.2 
Registry fee expenses45.3 44.1 48.5 
Depreciation expenses36.9 44.1 46.9 
Other segment items85.6 88.0 86.8 
Total costs and expenses499.2 492.5 481.8 
Operating Income1,058.2 1,000.6 943.1 
Interest expense(75.3)(75.3)(75.3)
Non-operating income, net39.0 51.2 12.4 
Income tax expense(236.2)(158.9)(206.4)
Net income$785.7 $817.6 $673.8 
Other segment items that are a part of our segment net income include professional services expenses, telecommunication expenses, legal expenses, occupancy expenses, marketing expenses, and travel expenses.