INTANGIBLE ASSETS

6 Months Ended

Feb. 28, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

INTANGIBLE ASSETS

We amortize intangible assets on a straight-line basis over their estimated useful lives. The following table presents the estimated useful life, gross carrying amount and accumulated amortization related to our identifiable intangible assets as of February 28, 2026 and August 31, 2025:

	February 28, 2026							August 31, 2025
(in thousands, except useful life)	Estimated Useful Life (years)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
ABA business process	36	$	1,583,000	$	175,889	$	1,407,111	$	1,583,000	$	153,903	$	1,429,097
Client relationships	11 to 26	280,556		100,708		179,848		280,065		94,365		185,700
Developed technology	3 to 5	302,944		163,922		139,022		260,154		127,669		132,485
Software technology	3 to 12	254,557		140,047		114,510		253,899		131,731		122,168
Data content	7 to 20	86,983		47,012		39,971		86,416		44,490		41,926
Trade names	5 to 10	4,930		579		4,351		4,919		326		4,593
Non-compete agreements	4	290		193		97		290		157		133
Total		$	2,513,260	$	628,350	$	1,884,910	$	2,468,743	$	552,641	$	1,916,102

The weighted average useful life of our intangible assets as of February 28, 2026 was 30.4 years. We review our intangible assets to determine if any indicators of impairment are present on a quarterly basis or whenever events or changes in circumstances indicate that the carrying amount of an asset group may not be recoverable. If indicators of impairment are present, our intangible assets are tested for impairment by comparing the carrying value to undiscounted cash flows and, if impaired, written down to fair value based on discounted cash flows. We did not identify a material impairment nor a material change to the estimated remaining useful lives of our intangible assets during the six months ended February 28, 2026 and February 28, 2025. Our intangible assets have no assigned residual values.

The following table presents the amortization expense for our intangible assets which is included in Cost of services in our Consolidated Statements of Income:

	Three Months Ended				Six Months Ended
	February 28,				February 28,
(in thousands)	2026		2025		2026		2025
Amortization expense	$	37,249	$	32,589	$	75,001	$	62,461

As of February 28, 2026, estimated intangible asset amortization expense for each of the next five years and thereafter is as follows:

(in thousands)	Estimated Amortization Expense
Fiscal Years Ended August 31,
2026 (remaining six months)	$	74,054
2027	129,386
2028	104,791
2029	81,000
2030	74,425
Thereafter	1,421,254
Total	$	1,884,910