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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Cash and cash equivalents [1] $ 633.5 $ 905.8
Restricted cash 606.8 772.7
Accounts receivable, net 4,348.9 3,362.6
Investment securities 4,775.4 4,332.9
Securitized accounts receivable, restricted [1] 185.1 123.7
Prepaid expenses and other current assets 164.7 215.4
Total current assets 10,714.4 9,713.0
Property, equipment and capitalized software (net of accumulated depreciation of $748.0 in 2026 and $713.0 in 2025) 255.2 253.7
Goodwill 3,021.5 3,015.3
Other intangible assets (net of accumulated amortization of $1,775.0 in 2026 and $1,730.0 in 2025) 1,100.0 1,088.2
Investment securities 92.8 94.2
Deferred income taxes, net 17.3 16.9
Other assets 224.0 218.2
Total assets 15,425.3 14,399.5
Liabilities and Stockholders’ Equity    
Accounts payable 1,713.8 1,070.4
Accrued expenses and other current liabilities 526.3 695.2
Restricted cash payable 605.6 771.5
Short-term deposits 5,741.0 5,423.1
Short-term debt, net [1] 1,631.4 1,326.4
Total current liabilities 10,218.2 9,286.6
Long-term debt, net 3,605.7 3,532.0
Deferred income taxes, net 194.7 187.3
Other liabilities 132.3 159.1
Total liabilities 14,150.9 13,165.0
Stockholders’ Equity    
Common stock $0.01 par value; 175.0 shares authorized; 51.1 shares issued in 2026 and 50.7 in 2025; 34.7 shares outstanding in 2026 and 34.3 in 2025 0.5 0.5
Additional paid-in capital 1,221.3 1,208.9
Retained earnings 2,448.5 2,370.8
Accumulated other comprehensive loss (178.3) (128.1)
Treasury stock at cost; 16.4 shares in 2026 and 2025 (2,217.6) (2,217.6)
Total stockholders’ equity 1,274.4 1,234.5
Total liabilities and stockholders’ equity $ 15,425.3 $ 14,399.5
[1] The Company’s condensed consolidated balance sheets include assets and liabilities of consolidated VIEs. See Note 10, Financing and Other Debt, for further details.