Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 2,216.5	$ 920.3
Financial investments	36.1	110.3
Accounts receivable, net of $6.8 allowance for credit losses at December 31, 2025 and $6.6 at December 31, 2024	391.4	444.6
Margin deposits, clearing funds, and interoperability funds	1,618.2	845.5
Income taxes receivable	67.9	73.8
Other current assets (includes restricted cash of $34.1 at December 31, 2025 and $— at December 31, 2024)	91.3	84.6
Total current assets	4,421.4	2,479.1
Investments	32.4	383.7
Property and equipment, net	133.1	118.0
Operating lease right of use assets	111.0	124.5
Goodwill	3,150.5	3,124.2
Intangible assets, net	1,297.2	1,376.9
Other assets, net	159.7	182.7
Total assets	9,305.3	7,789.1
Current liabilities:
Accounts payable and accrued liabilities	686.9	359.7
Section 31 fees payable	0.2	182.0
Deferred revenue	6.9	6.4
Margin deposits, clearing funds, and interoperability funds	1,618.2	845.5
Income taxes payable	50.1	1.6
Total current liabilities	2,362.3	1,395.2
Long-term debt	1,442.9	1,441.0
Non-current unrecognized tax benefits	15.8	305.0
Deferred income taxes	185.3	186.8
Non-current operating lease liabilities	120.9	138.4
Other non-current liabilities	39.8	43.1
Total liabilities	4,167.0	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 December 31, 2025 and December 31, 2024	0.0	0.0
Common stock, $0.01 par value: 325,000,000 shares authorized, 104,654,764 and 104,647,739 shares issued and outstanding, respectively at December 31, 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, 7,025 shares at December 31, 2025 and 6,895 shares at December 31, 2024	(1.5)	(1.4)
Additional paid-in capital	1,565.1	1,512.5
Retained earnings	3,543.6	2,815.9
Accumulated other comprehensive income (loss), net	30.1	(48.4)
Total stockholders’ equity	5,138.3	4,279.6
Total liabilities and stockholders' equity	$ 9,305.3	$ 7,789.1