Goodwill and intangible assets

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents the changes in goodwill for the year ended December 31, 2024 and the nine months ended September 30, 2025:


	For the year ended December 31, 2024		For the nine months ended September 30, 2025
Opening balance	$	1,683,782	$	1,669,769
Goodwill relating to acquisitions consummated during the period	—		111,925
Impact of measurement period adjustments	—		346
Effect of exchange rate fluctuations	(14,013)		1,760
Closing balance	$	1,669,769	$	1,783,800

The following table presents the changes in goodwill by reporting unit for the year ended December 31, 2024:


	Financial Services		Consumer and Healthcare		High Tech and Manufacturing		Total
Opening balance	$	408,674	$	592,780	$	682,328	$	1,683,782
Effect of exchange rate fluctuations	(3,677)		(4,983)		(5,353)		(14,013)
Closing balance	$	404,997	$	587,797	$	676,975	$	1,669,769

The following table presents the changes in goodwill by reporting unit for the nine months ended September 30, 2025:


	Financial Services		Consumer and Healthcare		High Tech and Manufacturing		Total
Opening balance	$	404,997	$	587,797	$	676,975	$	1,669,769
Goodwill relating to acquisitions consummated during the period	6,132		88,519		17,274		111,925
Impact of measurement period adjustments	19		274		53		346
Effect of exchange rate fluctuations	909		816		35		1,760
Closing balance	$	412,057	$	677,406	$	694,337	$	1,783,800

9. Goodwill and intangible assets (Continued)

The total amount of goodwill deductible for tax purposes was $237,125 and $215,825 as of December 31, 2024 and September 30, 2025, respectively.

The Company’s intangible assets are as follows:


	As of December 31, 2024						As of September 30, 2025
	Gross carrying amount		Accumulated amortization & Impairment		Net		Gross carrying amount		Accumulated amortization & Impairment		Net
Customer-related intangible assets	$	468,500	$	451,285	$	17,215	$	514,759	$	456,364	$	58,395
Marketing-related intangible assets	97,607		93,609		3,998		102,203		98,907		3,296
Technology-related intangible assets	131,853		126,116		5,737		137,161		127,483		9,678
	$	697,960	$	671,010	$	26,950	$	754,123	$	682,754	$	71,369

Amortization expenses for intangible assets acquired as part of a business combination and disclosed in the consolidated statements of income under amortization of acquired intangible assets for the three months ended September 30, 2024 and 2025 were $6,495 and $8,285, respectively, and for the nine months ended September 30, 2024 and 2025 were $19,980 and $16,922, respectively.

Amortization expenses for internally-developed and other intangible assets disclosed in the consolidated statements of income under cost of revenue and selling, general and administrative expenses for the three months ended September 30, 2024 and 2025 were $534 and $920, respectively, and for the nine months ended September 30, 2024 and 2025 were $1,490 and $2,238, respectively.