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Revenues (Tables)
3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue
The following tables disaggregate the Company’s consolidated revenues, substantially all of which relate to services transferred to the customer over time:
Three Months Ended March 31, 2026
(in millions)MobilityBenefitsCorporate PaymentsTotal
Topic 606 revenues
Payment processing revenue$156.8 $33.0 
$94.4 $284.2 
Account servicing revenue11.6 114.5 
14.8 140.9 
Other revenue24.3 12.8 
 37.1 
Total Topic 606 revenues$192.8 $160.3 
$109.2 $462.2 
Non-Topic 606 revenues151.9 55.9 
3.8 211.6 
Total revenues$344.6 $216.2 
$113.0 $673.8 

Three Months Ended March 31, 2025
(in millions)MobilityBenefits
Corporate PaymentsTotal
Topic 606 revenues
Payment processing revenue$156.4 $29.7 
$85.7 $271.8 
Account servicing revenue10.2 115.9 
13.3 139.4 
Other revenue25.2 7.8 
— 33.0 
Total Topic 606 revenues$191.8 $153.5 
$99.0 $444.3 
Non-Topic 606 revenues142.0 45.8 
4.5 192.3 
Total revenues$333.8 $199.3 
$103.5 $636.6 
Schedule of Contract with Customer, Asset and Liability The following table provides information about these contract balances:
(in millions)
Contract balanceLocation on the condensed consolidated balance sheetsMarch 31, 2026December 31, 2025
ReceivablesAccounts receivable, net$62.4 $57.1 
Contract assetsPrepaid expenses and other current assets30.6 17.6 
Contract assetsOther assets35.2 36.2 
Contract liabilitiesAccrued expenses and other current liabilities26.8 26.7 
Contract liabilitiesOther liabilities59.3 64.8 
Schedule of Remaining Performance Obligations
The following table includes revenue expected to be recognized by year related to remaining performance obligations as of March 31, 2026.
(in millions)
Remaining 20262027202820292030ThereafterTotal
Minimum monthly fees1
$53.0 $35.1 $16.9 $6.1 $2.8 $— $114.0 
Other2
25.5 27.0 28.0 28.5 8.6 7.2 124.8 
Total remaining performance obligations$78.6 $62.1 $44.8 $34.6 $11.4 $7.2 $238.7 
(1)The transaction price allocated to the remaining performance obligations represents the minimum monthly fees on certain service contracts, which contain substantive termination penalties that require the counterparty to pay the Company for the aggregate remaining minimum monthly fees upon an early termination for convenience. These obligations will be recognized within account servicing revenue.
(2)Substantially represents deferred revenue and contractual minimums associated with payment processing service obligations. Consideration associated with certain relationships is variable and the measurement and estimation of contract consideration is contingent upon payment processing volumes and maintaining volume shares, among others.