Condensed Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets:
Cash and cash equivalents	$ 2,134.4	$ 2,216.5
Financial investments	35.9	36.1
Accounts receivable, net of $6.6 allowance for credit losses at March 31, 2026 and $6.8 at December 31, 2025	514.6	391.4
Margin deposits, default fund, and interoperability fund	3,443.9	1,618.2
Income taxes receivable	0.0	67.9
Other current assets (includes restricted cash of $34.5 at March 31, 2026 and $34.1 at December 31, 2025)	95.3	91.3
Total current assets	6,224.1	4,421.4
Investments	31.4	32.4
Property and equipment, net	137.4	133.1
Operating lease right of use assets	105.1	111.0
Goodwill	3,142.4	3,150.5
Intangible assets, net	1,274.6	1,297.2
Other assets, net	155.6	159.7
Total assets	11,070.6	9,305.3
Current liabilities:
Accounts payable and accrued liabilities	332.8	686.9
Current portion of long-term debt	649.5	0.0
Section 31 fees payable	0.2	0.2
Deferred revenue	16.8	6.9
Margin deposits, default fund, and interoperability fund	3,443.9	1,618.2
Income taxes payable	50.4	50.1
Total current liabilities	4,493.6	2,362.3
Long-term debt	793.9	1,442.9
Non-current unrecognized tax benefits	22.0	15.8
Deferred income taxes	233.0	185.3
Non-current operating lease liabilities	114.6	120.9
Other non-current liabilities	40.0	39.8
Total liabilities	5,697.1	4,167.0
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value: 20,000,000 shares authorized, no shares issued and outstanding at March 31, 2026 and December 31, 2025	0.0	0.0
Common stock, $0.01 par value: 325,000,000 shares authorized, 104,927,308 and 104,673,700 shares issued and outstanding, respectively at March 31, 2026 and 104,654,764 and 104,647,739 shares issued and outstanding, respectively at December 31, 2025	1.0	1.0
Common stock in treasury, at cost: 253,608 shares at March 31, 2026 and 7,025 shares at December 31, 2025	(75.1)	(1.5)
Additional paid-in capital	1,583.0	1,565.1
Retained earnings	3,853.5	3,543.6
Accumulated other comprehensive income, net	11.1	30.1
Total stockholders’ equity	5,373.5	5,138.3
Total liabilities and stockholders’ equity	$ 11,070.6	$ 9,305.3