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Segment Data (Tables)

9 Months Ended

Sep. 30, 2025


Three Months Ended September 30, 2025	Revenue			Cost of Services			Selling and Administrative Expenses			OUP
Americas:
United States(a)	$	690.8		$	515.7		$	154.5		$	20.6
Other Americas		407.9			341.7			48.9			17.3
		1,098.7			857.4			203.4			37.9
Southern Europe:
France		1,173.5			1,010.5			132.4			30.6
Italy		462.5			390.6			45.3			26.6
Other Southern Europe		569.5			495.7			65.4			8.4
		2,205.5			1,896.8			243.1			65.6
Northern Europe		816.8			684.3			147.4			(14.9	)
APME		520.5			433.3			60.4			26.8
Total Segments		4,641.5			3,871.8			654.3			115.4
Intercompany Eliminations		(7.1	)		(6.3	)		(0.8	)		—
	$	4,634.4		$	3,865.5		$	653.5		$	115.4
Reconciliation of operating unit profit (segment OUP)
Corporate expenses										$	(40.9	)
Intangible asset amortization expense(b)											(7.9	)
Operating profit											66.6
Interest and other expenses, net											(13.7	)
Earnings before income taxes										$	52.9

(a)

The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $2.7 for the three months ended September 30, 2025.

(b)

Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.


Three Months Ended September 30, 2024	Revenue			Cost of Services			Selling and Administrative Expenses			OUP
Americas:
United States(a)	$	697.4		$	509.9		$	165.2		$	22.3
Other Americas		353.1			297.9			41.4			13.8
		1,050.5			807.8			206.6			36.1
Southern Europe:(b)
France		1,156.8			987.5			128.1			41.2
Italy		419.1			350.2			41.5			27.4
Other Southern Europe		519.7			452.6			59.9			7.2
		2,095.6			1,790.3			229.5			75.8
Northern Europe		828.3			680.4			173.6			(25.7	)
APME		562.8			474.1			65.7			23.0
Total Segments		4,537.2			3,752.6			675.4			109.2
Intercompany Eliminations		(7.0	)		(4.6	)		(2.4	)		—
	$	4,530.2		$	3,748.0		$	673.0		$	109.2
Reconciliation of operating unit profit (segment OUP)
Corporate expenses										$	(30.2	)
Intangible asset amortization expense(c)											(8.2	)
Operating profit											70.8
Interest and other expenses, net											(11.6	)
Earnings before income taxes										$	59.2

(a)

The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $2.5 for the three months ended September 30, 2024.

(b)

Effective January 1, 2025, our segment reporting was realigned to include our Morocco business within Other Southern Europe. Accordingly, France is now adjusted to exclude Morocco. All previously reported results have been recast to conform to the current year presentation.

(c)

Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.


Nine Months Ended September 30, 2025	Revenue			Cost of Services			Selling and Administrative Expenses			OUP
Americas:
United States(a)	$	2,053.7		$	1,530.9		$	471.2		$	51.6
Other Americas		1,161.7			981.9			131.9			47.9
		3,215.4			2,512.8			603.1			99.5
Southern Europe:
France		3,288.5			2,818.4			386.2			83.9
Italy		1,336.2			1,124.7			128.5			83.0
Other Southern Europe		1,564.1			1,358.5			183.4			22.2
		6,188.8			5,301.6			698.1			189.1
Northern Europe		2,342.0			1,952.4			431.8			(42.2	)
APME		1,522.2			1,266.6			182.4			73.2
Total Segments		13,268.4			11,033.4			1,915.4			319.6
Intercompany Eliminations		(24.4	)		(20.3	)		(4.1	)		—
	$	13,244.0		$	11,013.1		$	1,911.3		$	319.6
Reconciliation of operating unit profit (segment OUP)
Corporate expenses										$	(137.1	)
Impairment charges(b)											(88.7	)
Intangible asset amortization expense(c)											(24.3	)
Operating profit											69.5
Interest and other expenses, net											(41.7	)
Earnings before income taxes										$	27.8

(a)

The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $7.5 for the nine months ended September 30, 2025.

(b)

Impairment charges for the nine months ended September 30, 2025 consist of a goodwill impairment related to our investments in Switzerland and the United Kingdom and an impairment of an indefinite lived intangible asset in our Switzerland business.

(c)

Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.


Nine Months Ended September 30, 2024	Revenue			Cost of Services			Selling and Administrative Expenses			OUP
Americas:
United States(a)	$	2,074.8		$	1,525.8		$	487.3		$	61.7
Other Americas		1,076.5			899.2			131.7			45.6
		3,151.3			2,425.0			619.0			107.3
Southern Europe:(b)
France		3,420.2			2,922.6			383.9			113.7
Italy		1,258.3			1,046.7			122.8			88.8
Other Southern Europe		1,496.4			1,299.2			170.8			26.4
		6,174.9			5,268.5			677.5			228.9
Northern Europe		2,535.9			2,091.4			472.6			(28.1	)
APME		1,639.3			1,382.3			189.1			67.9
Total Segments		13,501.4			11,167.2			1,958.2			376.0
Intercompany Eliminations		(47.2	)		(44.8	)		(2.4	)		—
	$	13,454.2		$	11,122.4		$	1,955.8		$	376.0
Reconciliation of operating unit profit (segment OUP)
Corporate expenses										$	(113.6	)
Intangible asset amortization expense(c)											(24.6	)
Operating profit											237.8
Interest and other expenses, net											(28.7	)
Earnings before income taxes										$	209.1

(a)

The United States revenues above represent revenues from our company-owned branches and franchise fees received from our franchise operations, which were $8.1 for the nine months ended September 30, 2024.

(b)

(c)

Intangible asset amortization related to acquisitions is excluded from operating costs within the reportable segments and corporate expenses and shown separately.