Accounts Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2026

Schedule of Changes in Reserves for Credit Losses Related to Accounts Receivable

The following tables present changes in the accounts receivable allowances by portfolio segment:


	Three Months Ended March 31, 2026
(in millions)	Mobility		Benefits		Corporate Payments		Total


Balance, beginning of period	$	58.1	$	2.0	$	24.2	$	84.3
Provision for credit losses(1)	25.6		(0.6)		4.3		29.3
Other(2)	4.6		—		—		4.6
Charge-offs	(27.3)		(0.1)		(5.4)		(32.8)
Recoveries of amounts previously charged-off	2.7		—		0.1		2.7

Currency translation	(0.1)		—		(0.2)		(0.3)
Balance, end of period	$	63.6	$	1.3	$	22.9	$	87.8


	Three Months Ended March 31, 2025
(in millions)	Mobility		Benefits		Corporate Payments		Total


Balance, beginning of period	$	56.6	$	7.7	$	13.2	$	77.6
Provision for credit losses(1)	13.9		(1.0)		3.0		15.9
Other(2)	4.6		—		—		4.6
Charge-offs	(24.0)		—		(1.6)		(25.7)
Recoveries of amounts previously charged-off	2.5		—		—		2.5
Currency translation	0.2		—		0.3		0.5
Balance, end of period	$	53.9	$	6.7	$	14.9	$	75.5

(1)The provision is comprised of estimated credit losses based on the Company’s loss-rate experience and includes adjustments required for forecasted credit loss information. The provision for credit losses reported within this table also includes the provision for fraud losses.

(2)Consists primarily of charges to other accounts. The Company earns revenue by assessing monthly finance fees on accounts with overdue balances. These fees are recognized as revenue at the time the fees are assessed. The finance fee is calculated using the greater of a minimum charge or a stated late fee rate multiplied by the outstanding balance that is subject to a late fee charge. On occasion, these fees are waived to maintain relationship goodwill. Charges to other accounts substantially represent the offset against the late fee revenue recognized when the Company establishes a reserve for such waived amounts.

Schedule of Past Due Financing Receivables

The following table presents the outstanding balance of trade accounts receivable that are less than 30 and 60 days past due, shown in each case as a percentage of total trade accounts receivable:


Delinquency Status	March 31, 2026		December 31, 2025
Less than 30 days past due	99	%	98	%
Less than 60 days past due	99	%	99	%