v3.25.4

Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The following table provides a summary of goodwill activity:
| Year Ended December 31, |
| 2025 |  | 2024 |
Balance at beginning of period | $2,646,676 |  | $1,646,482 |
Acquisitions 1 | 537,647 |  | 999,763 |
Measurement period adjustments | 13,316 |  | 4,744 |
Impact of exchange rate changes | 27,382 |  | (4,313) |
Balance at end of period | $3,225,021 |  | $2,646,676 |
1 For the year ended December 31, 2025, the activity includes goodwill recognized from immaterial acquisitions not disclosed in Note 4, Mergers and Acquisitions. T he net carrying amounts of finite-lived intangible assets are shown in the table below:
| As of December 31, 2025 |  | As of December 31, 2024 |
| Cost |  | Accumulated Amortization |  | Net Carrying Amount |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount |
Customer relationships | $2,460,456 |  | $(963,571) |  | $1,496,885 |  | $2,102,404 |  | $(710,356) |  | $1,392,048 |
Internally developed software | 157,503 |  | (45,055) |  | 112,448 |  | 103,388 |  | (27,051) |  | 76,337 |
Other 1 | 37,977 |  | (30,804) |  | 7,173 |  | 32,538 |  | (25,201) |  | 7,337 |
Total | $2,655,936 |  | $(1,039,430) |  | $1,616,506 |  | $2,238,330 |  | $(762,608) |  | $1,475,722 |
1 Other consists of trade names and assembled workforces. The cost of internally developed software in development but not yet placed in service was $46.7 million and $30.8 million as of December 31, 2025 and 2024, respectively. The aggregate amortization expense from finite-lived intangible assets was $274.4 million, $157.8 million, and $106.8 million for the years ended December 31, 2025, 2024, and 2023, respectively. The estimated future amortization for finite- lived intangible assets as of December 31, 2025, was as follows:
| Customer Relationships |  | Internally Developed Software |  | Other |
2026 | $234,372 |  | $21,624 |  | $3,480 |
2027 | 203,398 |  | 26,804 |  | 2,255 |
2028 | 180,609 |  | 24,950 |  | 723 |
2029 | 159,891 |  | 18,392 |  | 477 |
2030 | 141,603 |  | 13,194 |  | 238 |
Thereafter | 577,012 |  | 7,484 |  | — |
Total | $1,496,885 |  | $112,448 |  | $7,173 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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