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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net income $ 36.0 $ 61.0
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 274.0 173.0
Equity-based compensation expense 47.0 41.0
Revaluation of contingent liabilities 0.0 (4.0)
Gain on investments in securities (2.0) 0.0
Change in TRA liability 0.0 (2.0)
Amortization of capitalized financing costs, net of premium accretion 5.0 9.0
Loss on extinguishment of debt 0.0 3.0
Provision for bad debts 13.0 6.0
Deferred income taxes (21.0) (21.0)
Unrealized foreign exchange losses (gains) (3.0) 4.0
Change in operating assets and liabilities    
Accounts receivable (76.0) (24.0)
Prepaid expenses and other assets (30.0) 1.0
Capitalized customer acquisition costs (32.0) (22.0)
Accounts payable (44.0) 17.0
Accrued expenses and other liabilities 30.0 (3.0)
Payments on contingent liabilities in excess of initial fair value 0.0 (1.0)
Net cash provided by operating activities 197.0 238.0
Investing activities    
Acquisitions, net of cash acquired [1] 71.0 (4.0)
Acquisition of equipment to be leased (68.0) (53.0)
Capitalized software development costs (60.0) (37.0)
Acquisition of property and equipment (12.0) (2.0)
Deposits with sponsor bank, net (17.0) (27.0)
Residual commission buyouts (3.0) (8.0)
Proceeds from sale of investments in securities 0.0 2.0
Investments in securities 0.0 (3.0)
Net cash used in investing activities (89.0) (132.0)
Financing activities    
Proceeds from long-term debt 0.0 1,313.0
Proceeds from preferred stock 0.0 1,000.0
Repayment of debt (2.0) (450.0)
Deferred financing costs (3.0) (45.0)
Settlement line of credit 17.0 27.0
Settlement activity, net 0.0 (29.0)
Acquisition of noncontrolling interests (6.0) 0.0
Repurchases of Class A common stock (321.0) (148.0)
Payments for withholding tax related to vesting of restricted stock units (10.0) (19.0)
Payments of preferred dividends (31.0) 0.0
Payments on contingent liabilities 0.0 (2.0)
Distributions to noncontrolling interests (141.0) (19.0)
TRA liability payments and other financing activities (21.0) (2.0)
Net cash provided by (used in) financing activities (518.0) 1,626.0
Effect of exchange rate changes on cash and cash equivalents (14.0) 82.0
Net increase (decrease) in cash and cash equivalents (424.0) 1,814.0
Cash and cash equivalents, beginning of period 1,185.0 1,439.0
Cash and cash equivalents, end of period $ 761.0 $ 3,253.0
[1] Includes $185 million of settlement cash acquired from Bambora on March 2, 2026, resulting in a net cash inflow for the six months ended June 30, 2026.