Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 1,256.3	$ 920.3
Financial investments	207.6	110.3
Accounts receivable, net of $8.7 allowance for credit losses at June 30, 2025 and $6.6 at December 31, 2024	444.3	444.6
Margin deposits, clearing funds, and interoperability funds	1,670.4	845.5
Income taxes receivable	40.6	73.8
Other current assets (includes restricted cash of $30.2 at June 30, 2025 and $— at December 31, 2024)	123.7	84.6
Total current assets	3,742.9	2,479.1
Investments	379.6	383.7
Property and equipment, net	127.9	118.0
Operating lease right of use assets	122.2	124.5
Goodwill	3,155.9	3,124.2
Intangible assets, net	1,356.2	1,376.9
Other assets, net	163.6	182.7
Total assets	9,048.3	7,789.1
Current liabilities:
Accounts payable and accrued liabilities	467.3	359.7
Section 31 fees payable	238.4	182.0
Deferred revenue	10.5	6.4
Margin deposits, clearing funds, and interoperability funds	1,670.4	845.5
Income taxes payable	0.0	1.6
Total current liabilities	2,386.6	1,395.2
Long-term debt	1,442.0	1,441.0
Non-current unrecognized tax benefits	212.6	305.0
Deferred income taxes	175.1	186.8
Non-current operating lease liabilities	133.8	138.4
Other non-current liabilities	33.1	43.1
Total liabilities	4,383.2	3,509.5
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at June 30, 2025 and December 31, 2024	0.0	0.0
Common stock, $0.01 par value: 325,000,000 shares authorized, 105,014,000 and 104,589,930 shares issued and outstanding, respectively at June 30, 2025 and 104,693,373 and 104,686,478 shares issued and outstanding, respectively at December 31, 2024	1.0	1.0
Common stock in treasury, at cost, 424,070 shares at June 30, 2025 and 6,895 shares at December 31, 2024	(90.5)	(1.4)
Additional paid-in capital	1,543.3	1,512.5
Retained earnings	3,168.9	2,815.9
Accumulated other comprehensive income (loss), net	42.4	(48.4)
Total stockholders’ equity	4,665.1	4,279.6
Total liabilities and stockholders’ equity	$ 9,048.3	$ 7,789.1