REVENUES

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

REVENUES

REVENUES

Disaggregation of Revenues

The following tables present the disaggregation of the Company’s revenues by client location, including a reconciliation of the disaggregated revenues with the reportable segments (Note 16 “Segment Information”) for the periods indicated:

	Three Months Ended September 30, 2025
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Client Locations
Americas	$	757,980	$	50,650	$	808,630
EMEA	41,278		514,461		555,739
APAC	611		29,393		30,004
Revenues	$	799,869	$	594,504	$	1,394,373

	Nine Months Ended September 30, 2025
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Client Locations
Americas	$	2,251,226	$	139,122	$	2,390,348
EMEA	112,100		1,465,563		1,577,663
APAC	1,111		80,386		81,497
Revenues	$	2,364,437	$	1,685,071	$	4,049,508

	Three Months Ended September 30, 2024
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Client Locations
Americas	$	669,582	$	27,585	$	697,167
EMEA	34,679		410,188		444,867
APAC	352		25,141		25,493
Revenues	$	704,613	$	462,914	$	1,167,527

	Nine Months Ended September 30, 2024
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Client Locations
Americas	$	2,002,942	$	78,344	$	2,081,286
EMEA	103,220		1,222,215		1,325,435
APAC	1,809		71,059		72,868
Revenues	$	2,107,971	$	1,371,618	$	3,479,589

The following tables present the disaggregation of the Company’s revenues by industry vertical, including a reconciliation of the disaggregated revenues with the reportable segments (Note 16 “Segment Information”) for the periods indicated:

	Three Months Ended September 30, 2025
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Industry Verticals
Financial Services	$	150,573	$	187,228	$	337,801
Consumer Goods, Retail & Travel	122,673		153,354		276,027
Software & Hi-Tech	143,191		68,965		212,156
Business Information & Media	116,848		50,782		167,630
Life Sciences & Healthcare	124,943		34,251		159,194
Emerging Verticals	141,641		99,924		241,565
Revenues	$	799,869	$	594,504	$	1,394,373

	Nine Months Ended September 30, 2025
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Industry Verticals
Financial Services	$	448,475	$	531,604	$	980,079
Consumer Goods, Retail & Travel	356,090		443,499		799,589
Software & Hi-Tech	423,163		183,737		606,900
Business Information & Media	348,912		155,658		504,570
Life Sciences & Healthcare	375,859		94,794		470,653
Emerging Verticals	411,938		275,779		687,717
Revenues	$	2,364,437	$	1,685,071	$	4,049,508

	Three Months Ended September 30, 2024
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Industry Verticals
Financial Services	$	129,339	$	125,296	$	254,635
Consumer Goods, Retail & Travel	107,866		143,259		251,125
Software & Hi-Tech	131,145		46,928		178,073
Business Information & Media	115,121		52,273		167,394
Life Sciences & Healthcare	120,659		21,675		142,334
Emerging Verticals	100,483		73,483		173,966
Revenues	$	704,613	$	462,914	$	1,167,527

	Nine Months Ended September 30, 2024
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Industry Verticals
Financial Services	$	377,000	$	364,740	$	741,740
Consumer Goods, Retail & Travel	339,556		423,026		762,582
Software & Hi-Tech	392,600		127,727		520,327
Business Information & Media	332,602		170,872		503,474
Life Sciences & Healthcare	362,983		59,644		422,627
Emerging Verticals	303,230		225,609		528,839
Revenues	$	2,107,971	$	1,371,618	$	3,479,589

The following tables present the disaggregation of the Company’s revenues by contract type including a reconciliation of the disaggregated revenues with the Company’s reportable segments (Note 16 “Segment Information”) for the periods indicated:

	Three Months Ended September 30, 2025
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Contract Types
Time-and-material	$	662,650	$	456,410	$	1,119,060
Fixed-price	131,497		136,602		268,099
Licensing and other revenues	5,722		1,492		7,214
Revenues	$	799,869	$	594,504	$	1,394,373

	Nine Months Ended September 30, 2025
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Contract Types
Time-and-material	$	1,957,852	$	1,290,314	$	3,248,166
Fixed-price	387,803		390,457		778,260
Licensing and other revenues	18,782		4,300		23,082
Revenues	$	2,364,437	$	1,685,071	$	4,049,508

	Three Months Ended September 30, 2024
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Contract Types
Time-and-material	$	596,111	$	372,056	$	968,167
Fixed-price	102,239		89,276		191,515
Licensing and other revenues	6,263		1,582		7,845
Revenues	$	704,613	$	462,914	$	1,167,527

	Nine Months Ended September 30, 2024
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Contract Types
Time-and-material	$	1,793,852	$	1,099,462	$	2,893,314
Fixed-price	296,602		266,888		563,490
Licensing and other revenues	17,517		5,268		22,785
Revenues	$	2,107,971	$	1,371,618	$	3,479,589

Timing of Revenue Recognition

The following tables present the timing of revenue recognition reconciled with the Company’s reportable segments (Note 16 “Segment Information”) for the periods indicated:

	Three Months Ended September 30, 2025
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Timing of Revenue Recognition
Transferred over time	$	795,809	$	594,377	$	1,390,186
Transferred at a point of time	4,060		127		4,187
Revenues	$	799,869	$	594,504	$	1,394,373

	Nine Months Ended September 30, 2025
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Timing of Revenue Recognition
Transferred over time	$	2,349,990	$	1,684,331	$	4,034,321
Transferred at a point of time	14,447		740		15,187
Revenues	$	2,364,437	$	1,685,071	$	4,049,508

	Three Months Ended September 30, 2024
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Timing of Revenue Recognition
Transferred over time	$	701,014	$	461,923	$	1,162,937
Transferred at a point of time	3,599		991		4,590
Revenues	$	704,613	$	462,914	$	1,167,527

	Nine Months Ended September 30, 2024
	Reportable Segments
	Americas		Europe		Consolidated Revenues
Timing of Revenue Recognition
Transferred over time	$	2,097,251	$	1,368,155	$	3,465,406
Transferred at a point of time	10,720		3,463		14,183
Revenues	$	2,107,971	$	1,371,618	$	3,479,589

During the three and nine months ended September 30, 2025, the Company recognized $21.6 million and $15.5 million, respectively, of revenues from performance obligations satisfied in previous periods compared to $1.6 million and $15.0 million during the three and nine months ended September 30, 2024, respectively.

The following table includes the estimated revenues expected to be recognized in the future related to performance obligations that are partially or fully unsatisfied as of September 30, 2025. The Company applies a practical expedient and does not disclose the value of unsatisfied performance obligations for contracts (i) that have an original expected duration of one year or less and (ii) for which it recognizes revenues at the amount to which it has the right to invoice for services provided.

	Less than 1 year		1 Year		2 Years		3 Years		Total
Contract Type
Fixed-price	$	39,346	$	2,506	$	—	$	—	$	41,852

The Company applies a practical expedient and does not disclose the amount of the transaction price allocated to the remaining performance obligations nor provide an explanation of when the Company expects to recognize that amount as revenue for certain variable consideration.

Contract Balances

The following table provides information on the classification of contract assets and liabilities in the condensed consolidated balance sheets:

	As of September 30, 2025		As of December 31, 2024
Contract assets included in Trade receivables and contract assets, net	$	76,796	$	52,897
Contract liabilities included in Accrued expenses and other current liabilities	$	43,884	$	59,321
Contract liabilities included in Other noncurrent liabilities	$	630	$	741

Contract assets comprise amounts where the Company’s right to bill is contingent on something other than the passage of time such as achievement of contractual milestones. Contract assets have increased from December 31, 2024 primarily due to contracts where the Company’s right to bill is contingent upon achievement of contractual milestones. Contract liabilities comprise amounts collected from the Company’s clients for revenues not yet earned and such amounts are anticipated to be recorded as revenues when services are performed in subsequent periods. Contract liabilities have decreased from December 31, 2024 primarily due to lower levels of advance collections.

During the three and nine months ended September 30, 2025, the Company recognized $7.3 million and $47.6 million, respectively, of revenues that were included in Accrued expenses and other current liabilities at December 31, 2024. During the three and nine months ended September 30, 2024, the Company recognized $2.9 million and $20.3 million, respectively, of revenues that were included in Accrued expenses and other current liabilities at December 31, 2023.