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Segment and Related Information (Tables)

9 Months Ended

Sep. 30, 2025

Segment Reporting [Abstract]

Schedule of Segment Revenues and Operations

For the three months ended September 30, 2025						Enterprise Software						Platform Technologies						Totals
Revenues
Subscriptions:
SaaS						$	178,383					$	21,403
Transaction-based fees						78,331						122,977
Maintenance						105,450						5,862
Professional services						55,769						8,959
Software licenses and royalties						5,137						(37)
Hardware and other						13,036						128
Total segment revenues						436,106						159,292						595,398
Less:
Cost of revenues						183,674						108,655
Sales and marketing expense						25,244						5,004
General and administrative expense						11,330						14,764
Research and development expense						41,243						4,424
Segment operating income						$	174,615					$	26,445					$	201,060

For the three months ended September 30, 2024						Enterprise Software						Platform Technologies						Totals
Revenues
Subscriptions:
SaaS						$	144,445					$	22,179
Transaction-based fees						61,561						118,985
Maintenance						109,346						6,241
Professional services						53,947						10,515
Software licenses and royalties						5,424						764
Hardware and other						9,025						905
Total segment revenues						383,748						159,589						543,337
Less:
Cost of revenues						179,123						105,577
Sales and marketing expense						27,863						4,817
General and administrative expense						11,582						13,945
Research and development expense						25,306						2,384
Segment operating income						$	139,874					$	32,866					$	172,740

For the nine months ended September 30, 2025						Enterprise Software						Platform Technologies						Totals
Revenues
Subscriptions:
SaaS						$	505,183					$	64,254
Transaction-based fees						227,956						383,765
Maintenance						319,208						17,028
Professional services						167,224						20,166
Software licenses and royalties						15,977						(220)
Hardware and other						27,586						297
Total segment revenues						1,263,134						485,290						1,748,424
Less:
Cost of revenues						531,423						332,628
Sales and marketing expense						75,482						14,769
General and administrative expense						33,789						41,539
Research and development expense						118,318						12,957
Segment operating income						$	504,122					$	83,397					$	587,519

For the nine months ended September 30, 2024						Enterprise Software						Platform Technologies						Totals
Revenues
Subscriptions:
SaaS						$	408,632					$	62,754
Transaction-based fees						169,146						353,563
Maintenance						329,724						18,390
Professional services						167,571						33,625
Software licenses and royalties						19,314						937
Hardware and other						25,198						905
Total segment revenues						1,119,585						470,174						1,589,759
Less:
Cost of revenues						523,401						307,325
Sales and marketing expense						81,090						16,082
General and administrative expense						36,046						41,922
Research and development expense						74,889						8,815
Segment operating income						$	404,159					$	96,030					$	500,189

Schedule of Reconciliation of Operating Income from Segments to Consolidated

						Three Months Ended September 30,												Nine Months Ended September 30,
Reconciliation of reportable segment operating income to the Company's consolidated totals:						2025						2024						2025						2024
Total segment operating income						$	201,060					$	172,740					$	587,519					$	500,189
Corporate unallocated:
Total revenues						481						—						8,737						6,913
Cost of revenues						(22,098)						(21,177)						(71,393)						(67,004)
Sales and marketing expense						(7,312)						(5,523)						(20,094)						(19,023)
General and administrative expense						(53,877)						(46,933)						(160,696)						(142,622)
Research and development expense						(6,121)						(2,430)						(19,199)						(4,800)
Amortization of other intangibles						(14,201)						(13,850)						(42,173)						(45,813)
Interest expense						(1,235)						(1,235)						(3,743)						(4,672)
Other income, net						10,855						4,504						26,397						8,232
Income before income taxes						$	107,552					$	86,096					$	305,355					$	231,400

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

						Three Months Ended September 30,												Nine Months Ended September 30,
Revenues:						2025						2024						2025						2024
ES						$	436,106					$	383,748					$	1,263,134					$	1,119,585
PT						159,292						159,589						485,290						470,174
Corporate unallocated						481						—						8,737						6,913
Total consolidated						$	595,879					$	543,337					$	1,757,161					$	1,596,672
Depreciation and amortization expense:
ES						$	7,608					$	8,437					$	21,615					$	27,431
PT						22,350						22,034						66,849						67,318
Corporate unallocated						5,030						4,059						15,467						14,017
Total consolidated						$	34,988					$	34,530					$	103,931					$	108,766
Software development expenditures:
ES						$	146					$	2,101					$	2,387					$	5,832
PT						3,457						4,661						11,534						13,240
Corporate						135						1,157						217						5,340
Total consolidated						$	3,738					$	7,919					$	14,138					$	24,412
Capital expenditures:
ES						$	1,456					$	1,855					$	3,738					$	13,857
PT						746						639						4,539						2,151
Corporate						1,674						390						3,421						726
Total consolidated						$	3,876					$	2,884					$	11,698					$	16,734

Segment assets:						September 30, 2025						December 31, 2024
ES						$	558,159					$	572,224
PT						424,712						416,635
Corporate						4,474,498						4,191,156
Total consolidated						$	5,457,369					$	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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