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Segment information | 6 Months Ended
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Jun. 30, 2026
Segment Reporting [Abstract] |
Segment information | Segment information We identify our operating segments based on how our chief operating decision maker (“CODM”) allocates resources, assesses performance and makes decisions. Our CODM is our President and Chief Executive Officer. Our CODM evaluates performance and allocates resources to each operating segment based on a profit or loss measure which, at the reportable segment level, excludes the following: •Corporate expenses - include costs to manage the global business and perform activities required by public companies as well as other items that are considered part of the Company's operations and revenue generating activities but are not considered when the CODM evaluates segment results. Examples include corporate staff compensation, corporate headquarters costs, regional management costs, share-based compensation, and currency transaction gains and losses. •Other items not allocated to segments - include income and expenses that are not necessary to operate our business in the ordinary course and are not considered when the CODM evaluates segment results. These include non-recurring as well as certain recurring costs and gains which are not considered to be part of the Company's operations and revenue generating activities. As such, they have not been allocated to segment or Corporate results. Our CODM uses segment operating profit to evaluate the performance of each of our reportable segments, comparing profitability to expected results as well as to the other segments, ultimately guiding resource allocation decisions including investment, capital allocation and staffing to optimize overall company profitability. We currently serve customers in more than 100 countries, including 51 countries where we operate subsidiaries. We manage our business in the following four segments: •North America – operations in the U.S. and Canada, including the Brink’s Global Services ("BGS") line of business, •Latin America – operations in Latin American countries where we have an ownership interest, including the BGS line of business, •Europe – predominantly operations in European countries that primarily provide services outside of the BGS line of business, and •Rest of World – operations in the Middle East, Africa and Asia. This segment also includes total operations in European countries that primarily provide BGS services and BGS activity in Latin American countries where we do not have an ownership interest. Operations in certain geographies were moved from the Rest of World segment to the Europe segment, effective December 31, 2025 in order to align with management reporting. We have recast all prior periods presented to provide consistent comparability.
| Three Months Ended June 30, 2026
(In millions) | North America |  | Latin America |  | Europe |  | Rest of World |  | Total
Revenues | $ | 444.5 |  |  | 351.6 |  |  | 377.0 |  |  | 219.2 |  |  | 1,392.3 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |
Labor and fringe benefit costs(a) | 146.3 |  |  | 158.5 |  |  | 161.9 |  |  | 56.2 |  |  |
Other cost of revenues segment items(b) | 176.4 |  |  | 99.3 |  |  | 121.3 |  |  | 90.5 |  |  |
Total cost of revenues(a) | 322.7 |  |  | 257.8 |  |  | 283.2 |  |  | 146.7 |  |  |
Selling, general, and administrative(a) | 52.2 |  |  | 33.3 |  |  | 42.3 |  |  | 20.5 |  |  |
Segment operating profit | $ | 69.6 |  |  | 60.5 |  |  | 51.5 |  |  | 52.0 |  |  | 233.6 |
| Three Months Ended June 30, 2025
(In millions) | North America |  | Latin America |  | Europe |  | Rest of World |  | Total
Revenues | $ | 434.3 |  |  | 319.4 |  |  | 358.0 |  |  | 188.8 |  |  | 1,300.5 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |
Labor and fringe benefit costs(a) | 154.4 |  |  | 145.5 |  |  | 156.3 |  |  | 51.4 |  |  |
Other cost of revenues segment items(b) | 160.6 |  |  | 88.5 |  |  | 120.5 |  |  | 83.8 |  |  |
Total cost of revenues(a) | 315.0 |  |  | 234.0 |  |  | 276.8 |  |  | 135.2 |  |  |
Selling, general, and administrative(a) | 57.0 |  |  | 30.4 |  |  | 38.8 |  |  | 15.3 |  |  |
Segment operating profit | $ | 62.3 |  |  | 55.0 |  |  | 42.4 |  |  | 38.3 |  |  | 198.0 |
| Six Months Ended June 30, 2026
(In millions) | North America |  | Latin America |  | Europe |  | Rest of World |  | Total
Revenues | $ | 884.1 |  |  | 695.4 |  |  | 742.9 |  |  | 445.0 |  |  | 2,767.4 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |
Labor and fringe benefit costs(a) | 293.9 |  |  | 313.0 |  |  | 322.5 |  |  | 111.6 |  |  |
Other cost of revenues segment items(b) | 346.8 |  |  | 198.5 |  |  | 244.7 |  |  | 186.8 |  |  |
Total cost of revenues(a) | 640.7 |  |  | 511.5 |  |  | 567.2 |  |  | 298.4 |  |  |
Selling, general, and administrative(a) | 112.9 |  |  | 66.0 |  |  | 84.3 |  |  | 39.6 |  |  |
Segment operating profit | $ | 130.5 |  |  | 117.9 |  |  | 91.4 |  |  | 107.0 |  |  | 446.8 |
| Six Months Ended June 30, 2025
(In millions) | North America |  | Latin America |  | Europe |  | Rest of World |  | Total
Revenues | $ | 851.9 |  |  | 627.0 |  |  | 677.0 |  |  | 391.3 |  |  | 2,547.2 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues: |  |  |  |  |  |  |  |  |
Labor and fringe benefit costs(a) | 307.6 |  |  | 286.2 |  |  | 298.0 |  |  | 100.4 |  |  |
Other cost of revenues segment items(b) | 317.3 |  |  | 171.7 |  |  | 230.6 |  |  | 176.7 |  |  |
Total cost of revenues(a) | 624.9 |  |  | 457.9 |  |  | 528.6 |  |  | 277.1 |  |  |
Selling, general, and administrative(a) | 111.6 |  |  | 60.2 |  |  | 77.9 |  |  | 28.7 |  |  |
Segment operating profit | $ | 115.4 |  |  | 108.9 |  |  | 70.5 |  |  | 85.5 |  |  | 380.3 |
(a)The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. Selling, general and administrative expenses include insignificant amounts reported within other operating income (expense) in the condensed consolidated statements of operations. (b)Other cost of revenues segment items for each reportable segment include primarily vehicle expenses, freight, equipment costs, building expense, and office and administrative expenses.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Segment operating profit | $ | 233.6 |  |  | 198.0 |  |  | $ | 446.8 |  |  | 380.3 |
Reconciling Items: |  |  |  |  |  |  |
Corporate expenses: |  |  |  |  |  |  |
General, administrative and other expenses | $ | (43.1) |  |  | (35.3) |  |  | $ | (89.5) |  |  | (70.2) |
Foreign currency transaction gains | (0.8) |  |  | 1.8 |  |  | 0.8 |  |  | 5.0 |
Other items not allocated to segments: |  |  |  |  |  |  |
Reorganization and restructuring | — |  |  | (0.2) |  |  | — |  |  | (0.7) |
Acquisitions and dispositions | (15.3) |  |  | (25.8) |  |  | (30.9) |  |  | (44.3) |
Argentina highly inflationary impact | (3.3) |  |  | 1.9 |  |  | (2.8) |  |  | (4.4) |
NCR Atleos acquisition and transformation initiatives | (36.4) |  |  | (5.4) |  |  | (75.3) |  |  | (10.5) |
Non-routine legal matters | (0.1) |  |  | — |  |  | (2.9) |  |  | — |
DOJ/FinCEN investigations | (0.9) |  |  | (0.9) |  |  | (2.1) |  |  | (1.8) |
Chile antitrust matter | (0.4) |  |  | (0.2) |  |  | (0.6) |  |  | (0.4) |
Operating profit | $ | 133.3 |  |  | 133.9 |  |  | $ | 243.5 |  |  | 253.0 |
Other Items not Allocated to Segments Reorganization and restructuring Costs associated with certain reorganization and restructuring actions were excluded from reported non-GAAP results. These items included primarily severance charges and asset impairment losses. These costs related to global restructuring initiatives, completed in prior years. Acquisitions and dispositions These items include non-cash amortization expense for acquisition-related intangible assets, as well as integration, transaction, restructuring and certain compensation costs. Argentina highly inflationary impact Beginning in the third quarter of 2018, we designated Argentina's economy as highly inflationary for accounting purposes. As a result, Argentine peso-denominated monetary assets and liabilities are now remeasured at each balance sheet date to the currency exchange rate then in effect, with currency remeasurement gains and losses recognized in earnings. In addition, nonmonetary assets retain a higher historical basis when the currency is devalued. The higher historical basis results in incremental expense being recognized when the nonmonetary assets are consumed. NCR Atleos acquisition and transformation initiatives On February 26, 2026, we entered into a definitive agreement to acquire NCR Atleos. The transaction is expected to close in the first quarter of 2027, subject to regulatory approval and other customary closing conditions. This acquisition represents a significant strategic step for Brink’s, expanding the scale of the combined company and supporting continued growth in our AMS and DRS offerings, which reflect an increasing portion of our business mix. During 2023, we initiated a multi-year program intended to accelerate growth and drive margin expansion through transformation of our business model. The program is designed to help us standardize and streamline our commercial and operational systems and processes, as well as back-office functions, including finance and information technology. The efforts will drive continuous improvement and achieve operational excellence. These costs relate to discrete initiatives. Non-routine legal matters In the first six months of 2026, we recognized $2.9 million of probable losses and related legal costs in connection with non-routine legal matters. These costs relate to fact-specific matters that management does not believe are indicative of the Company's underlying operational performance for the period. . DOJ/FinCEN investigations In 2024, we recorded a charge for a probable loss in connection with U.S. Department of Justice ("DOJ") and U.S. Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") investigations. Additionally, we have incurred third-party costs, primarily legal costs associated with these matters, including upfront expenses that are directly attributable to establishing compliance programs. In the first quarter of 2025, we reached resolutions with both the DOJ and FinCEN. Chile antitrust matter We have recorded charges for a contingent loss associated with an investigation initiated by the Chilean Fiscalía Nacional Económica or "FNE" (the Chilean antitrust agency). The investigation is related to potential anti-competitive practices among competitors in the cash logistics industry in Chile. Additionally, we have incurred third-party costs, primarily legal costs, associated with this matter. See Note 13 for details.
| Six Months Ended June 30,
(In millions) | 2026 |  | 2025
Capital Expenditures by Reportable Segment |  |  |
North America | $ | 14.3 |  |  | 38.8 |
Latin America | 11.3 |  |  | 13.1 |
Europe | 28.4 |  |  | 32.0 |
Rest of World | 17.8 |  |  | 24.9 |
Total reportable segments | 71.8 |  |  | 108.8 |
Corporate items | 3.1 |  |  | 1.9 |
Total | $ | 74.9 |  |  | 110.7 |
| Three Months Ended June 30, |  | Six Months Ended June 30,
(In millions) | 2026 |  | 2025 |  | 2026 |  | 2025
Depreciation and Amortization by Reportable Segment |  |  |  |  |  |  |
Depreciation and amortization of property and equipment: |  |  |  |  |  |  |
North America | $ | 22.5 |  |  | 20.9 |  |  | $ | 45.6 |  |  | 40.3 |
Latin America | 15.1 |  |  | 12.9 |  |  | 29.8 |  |  | 25.6 |
Europe | 19.0 |  |  | 17.0 |  |  | 37.9 |  |  | 32.6 |
Rest of World | 6.4 |  |  | 6.1 |  |  | 12.9 |  |  | 11.9 |
Total reportable segments | 63.0 |  |  | 56.9 |  |  | 126.2 |  |  | 110.4 |
Corporate items | 0.8 |  |  | 0.7 |  |  | 1.4 |  |  | 1.4 |
Argentina highly inflationary impact | 0.9 |  |  | (12.6) |  |  | 1.9 |  |  | (10.5) |
Depreciation and amortization of property and equipment | 64.7 |  |  | 45.0 |  |  | 129.5 |  |  | 101.3 |
Amortization of intangible assets(a) | 14.4 |  |  | 14.8 |  |  | 29.3 |  |  | 29.2 |
Total | $ | 79.1 |  |  | 59.8 |  |  | $ | 158.8 |  |  | 130.5 |
(a)Amortization of acquisition-related intangible assets has been excluded from reportable segment amounts.
(In millions) | June 30, 2026 |  | December 31, 2025
Assets held by Reportable Segment |  |  |
North America | $ | 2,152.4 |  |  | 2,166.7 |
Latin America | 1,365.1 |  |  | 1,211.6 |
Europe | 2,355.5 |  |  | 2,458.9 |
Rest of World | 1,026.9 |  |  | 1,070.9 |
Total reportable segments | 6,899.9 |  |  | 6,908.1 |
Corporate items | 431.4 |  |  | 431.1 |
Total | $ | 7,331.3 |  |  | 7,339.2 |

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