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Unaudited Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Total revenues $ 530.5 $ 499.9
Cost of revenues    
Operating expenses 66.3 63.7
Depreciation and amortization 18.3 15.0
Total cost of revenues 84.6 78.7
Administrative expenses    
Sales and marketing 110.9 115.5
Research and development 62.3 50.5
General and administrative 66.0 (48.1)
Depreciation and amortization 21.6 17.5
Total administrative expenses 260.8 135.4
Total operating expenses 345.4 214.1
Operating income 185.1 285.8
Interest expense (0.8) (0.8)
Other income (expense), net 6.0 5.0
Income before income taxes 190.3 290.0
Provision for income taxes 50.9 42.8
Net income $ 139.4 $ 247.2
Earnings per share, basic $ 2.49 $ 4.37
Earnings per share, diluted $ 2.48 $ 4.37
Weighted average shares outstanding:    
Basic 55,973 56,546
Diluted 56,279 56,552
Comprehensive earnings:    
Net income $ 139.4 $ 247.2
Unrealized net gains on available-for-sale securities 0.6 0.8
Tax effect (0.1) (0.3)
Other comprehensive income, net of tax 0.5 0.5
Comprehensive earnings: 139.9 247.7
Recurring and Other [Member]    
Revenues    
Total revenues 500.0 466.0
Interest on Funds Held for Clients [Member]    
Revenues    
Total revenues $ 30.5 $ 33.9