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Condensed Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Total revenues $ 673.5 $ 621.3 $ 1,326.1 $ 1,233.3
Cost of services        
Processing costs 163.8 149.7 332.9 295.3
Service fees 20.8 17.9 41.8 36.2
Provision for credit losses 20.6 22.7 43.0 68.1
Operating interest 25.7 19.5 49.2 32.3
Depreciation and amortization 32.8 25.2 64.0 50.4
Total cost of services 263.8 235.0 530.9 482.3
General and administrative 101.0 106.2 189.5 195.1
Sales and marketing 93.7 78.9 179.0 158.8
Depreciation and amortization 46.9 41.8 94.0 83.4
Operating income 168.1 159.4 332.6 313.7
Financing interest expense, net of financial instruments (59.9) (40.2) (120.2) (93.1)
Change in fair value of contingent consideration (1.7) (1.2) (3.4) (3.0)
Net foreign currency loss (0.4) (0.2) (13.0) (1.6)
Income before income taxes 106.1 117.8 196.1 216.0
Income tax expense 29.1 22.5 53.4 52.7
Net income $ 77.0 $ 95.3 $ 142.7 $ 163.3
Net income per share:        
Basic (in dollars per share) $ 1.85 $ 2.22 $ 3.42 $ 3.80
Diluted (in dollars per share) $ 1.83 $ 2.20 $ 3.38 $ 3.76
Weighted average common shares outstanding:        
Basic (in shares) 41.7 42.9 41.8 43.0
Diluted (in shares) 42.0 43.4 42.2 43.5
Payment processing revenue        
Revenues        
Total revenues $ 318.4 $ 300.5 $ 620.4 $ 588.6
Account servicing revenue        
Revenues        
Total revenues 168.6 152.9 341.9 313.6
Finance fee revenue        
Revenues        
Total revenues 77.8 76.4 148.1 157.1
Other revenue        
Revenues        
Total revenues $ 108.7 $ 91.5 $ 215.8 $ 174.0