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Property and Equipment, net | 12 Months Ended
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Sep. 30, 2025
Property, Plant and Equipment, Net [Abstract] |
Property and Equipment, net | Property and Equipment, net Property and equipment is stated at cost, and reported net of accumulated depreciation and amortization on the Consolidated Balance Sheets. Depreciation on property and equipment is generally calculated using the straight-line method over the relevant asset’s estimated useful life. The estimated useful lives of property and equipment range from 3 to 10 years. During the years ended September 30, 2025, 2024, and 2023, depreciation and amortization related to property and equipment was $58.0 million, $45.6 million, and $36.3 million respectively. The Company capitalized $38.3 million and $36.1 million of software development costs during the years ended September 30, 2025 and September 30, 2024. During the fiscal year ended September 30, 2025, the Company disposed of $6.7 million of property and equipment with a net book value of $2.3 million, which became impaired during the year. The Company recognized this amount as a loss on disposal in Gain on acquisitions and other gains, net in the Consolidated Income Statements. In addition, the Company accelerated the amortization of certain software, which had a cost of $4.0 million and $1.2 million of net book value that was accelerated and recognized as amortization expense in Depreciation and amortization in the Consolidated Income Statements during the year. During the fiscal year ended September 30, 2024, the Company disposed of $4.8 million of fully depreciated property and equipment assets. A summary of property and equipment, at cost less accumulated depreciation and amortization as of September 30, 2025 and 2024 is as follows:
| September 30,
(in millions) | 2025 |  | 2024
Property and equipment: |  |  |
Furniture and fixtures | $ | 29.9 |  |  | $ | 21.4 |
Software | 45.3 |  |  | 41.5 |
Equipment | 67.3 |  |  | 57.9 |
Leasehold improvements | 68.6 |  |  | 56.7 |
Capitalized software development | 154.3 |  |  | 113.1 |
Total property and equipment | 365.4 |  |  | 290.6 |
Less: accumulated depreciation and amortization | (198.8) |  |  | (147.5) |
Property and equipment, net | $ | 166.6 |  |  | $ | 143.1 |

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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