Acquisitions (Tables)

12 Months Ended

Dec. 31, 2024

Business Combinations [Abstract]

Summary of Allocation of Purchase Price for Acquisitions of Acquiree

The following summarizes the allocation of the purchase price for the 2024 acquisition of Battea and the 2023 acquisition of the Iress Managed Funds Administration Business (in millions):

	Battea			Iress Managed Funds Administration Business
Accounts receivable	$	40.3		$	2.2
Property, plant and equipment		1.9			—
Other assets		3.0			0.6
Funds receivable and funds held on behalf of clients		284.8			—
Operating lease right-of-use assets		1.2			—
Customer relationships		246.6			11.5
Completed technologies		121.8			2.2
Trade names		7.8			—
Goodwill		325.7			21.6
Accrued employee compensation and other liabilities		(68.8	)		(1.3	)
Deferred income taxes		(33.9	)		(3.9	)
Client funds obligations		(284.8	)		—
Consideration paid, net of cash acquired	$	645.6		$	32.9

Summary of Unaudited Pro Forma Information

The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisition of the Battea occurred on January 1, 2023 and the acquisition of Iress Managed Funds Administration Business occurred on January 1, 2022, after giving effect to certain adjustments, including amortization of intangibles, interest, transaction costs and tax effects. This unaudited pro forma information (in millions) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisitions had actually occurred on those dates, nor of the results that may be obtained in the future.

	Year Ended December 31,
	2024		2023		2022
Revenues	$	5,922.4	$	5,597.7	$	5,296.8
Net income	$	743.8	$	592.7	$	647.7