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Segment and Related Information (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Revenues and Operations

For the three months ended June 30, 2025						Enterprise Software						Platform Technologies						Totals
Revenues
Subscriptions:
SaaS						$	168,059					$	21,512
Transaction-based fees						79,786						135,718
Maintenance						106,779						5,344
Professional services						56,862						1,750
Software licenses and royalties						3,846						(183)
Hardware and other						8,950						128
Total segment revenues						424,282						164,269						588,551
Less:
Cost of revenues						178,462						114,980
Sales and marketing expense						24,971						5,034
General and administrative expense						10,867						13,374
Research and development expense						39,395						4,215
Segment operating income						$	170,587					$	26,666					$	197,253

For the three months ended June 30, 2024						Enterprise Software						Platform Technologies						Totals
Revenues
Subscriptions:
SaaS						$	136,045					$	19,933
Transaction-based fees						55,701						122,003
Maintenance						109,196						6,113
Professional services						58,731						13,197
Software licenses and royalties						5,319						10
Hardware and other						7,815						—
Total segment revenues						372,807						161,256						534,063
Less:
Cost of revenues						173,473						103,210
Sales and marketing expense						28,001						5,601
General and administrative expense						13,016						14,484
Research and development expense						24,731						3,052
Segment operating income						$	133,586					$	34,909					$	168,495

For the six months ended June 30, 2025						Enterprise Software						Platform Technologies						Totals
Revenues
Subscriptions:
SaaS						$	326,800					$	42,851
Transaction-based fees						149,625						260,788
Maintenance						213,758						11,166
Professional services						111,455						11,207
Software licenses and royalties						10,840						(183)
Hardware and other						14,550						169
Total segment revenues						827,028						325,998						1,153,026
Less:
Cost of revenues						347,749						223,973
Sales and marketing expense						50,238						9,765
General and administrative expense						22,459						26,775
Research and development expense						77,075						8,533
Segment operating income						$	329,507					$	56,952					$	386,459

For the six months ended June 30, 2024						Enterprise Software						Platform Technologies						Totals
Revenues
Subscriptions:
SaaS						$	264,187					$	40,575
Transaction-based fees						107,585						234,578
Maintenance						220,378						12,149
Professional services						113,624						23,110
Software licenses and royalties						13,890						173
Hardware and other						16,173						—
Total segment revenues						735,837						310,585						1,046,422
Less:
Cost of revenues						344,278						201,748
Sales and marketing expense						53,227						11,265
General and administrative expense						24,464						27,977
Research and development expense						49,583						6,431
Segment operating income						$	264,285					$	63,164					$	327,449

Schedule of Reconciliation of Operating Income from Segments to Consolidated

						Three Months Ended June 30,												Six Months Ended June 30,
Reconciliation of reportable segment operating income to the Company's consolidated totals:						2025						2024						2025						2024
Total segment operating income						$	197,253					$	168,495					$	386,459					$	327,449
Corporate unallocated:
Total revenues						7,566						6,913						8,256						6,913
Cost of revenues						(29,491)						(26,477)						(49,295)						(45,827)
Sales and marketing expense						(6,307)						(7,963)						(12,782)						(13,500)
General and administrative expense						(52,360)						(47,920)						(106,819)						(95,689)
Research and development expense						(7,232)						(1,168)						(13,078)						(2,370)
Amortization of other intangibles						(13,833)						(13,845)						(27,972)						(31,963)
Interest expense						(1,262)						(1,253)						(2,508)						(3,437)
Other income, net						8,179						1,883						15,542						3,728
Income before income taxes						$	102,513					$	78,665					$	197,803					$	145,304

The following table presents reconciliations of segment revenues from external customers and other segment information to the Company’s consolidated totals:

						Three Months Ended June 30,												Six Months Ended June 30,
Revenues:						2025						2024						2025						2024
ES						$	424,282					$	372,807					$	827,028					$	735,837
PT						164,269						161,256						325,998						310,585
Corporate unallocated						7,566						6,913						8,256						6,913
Total consolidated						$	596,117					$	540,976					$	1,161,282					$	1,053,335
Depreciation and amortization expense:
ES						$	7,400					$	8,498					$	14,007					$	18,994
PT						22,282						21,529						44,499						45,284
Corporate unallocated						4,640						4,112						10,437						9,958
Total consolidated						$	34,322					$	34,139					$	68,943					$	74,236
Software development expenditures:
ES						$	692					$	2,110					$	2,241					$	3,731
PT						4,086						4,346						8,077						8,579
Corporate						72						2,651						82						4,183
Total consolidated						$	4,850					$	9,107					$	10,400					$	16,493
Capital expenditures:
ES						$	1,552					$	5,602					$	2,282					$	12,002
PT						2,854						825						3,793						1,512
Corporate						1,081						141						1,747						336
Total consolidated						$	5,487					$	6,568					$	7,822					$	13,850

Segment assets:						June 30, 2025						December 31, 2024
ES						$	633,080					$	572,224
PT						412,418						416,635
Corporate						4,380,257						4,191,156
Total consolidated						$	5,425,755					$	5,180,015

X

- Definition

Tabular disclosure of the reconciliation of profit (loss) from reportable segments to the consolidated income (loss) before income tax expense (benefit) and discontinued operations. Includes, but is not limited to, reconciliation after income tax if income tax is allocated to the reportable segment.

+ References

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-Name Accounting Standards Codification
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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