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Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenues      
Total revenues $ 2,051.7 $ 1,883.2 $ 1,693.7
Cost of revenues      
Operating expenses 263.0 267.4 223.7
Depreciation and amortization 82.4 67.2 52.6
Total cost of revenues 345.4 334.6 276.3
Administrative expenses      
Sales and marketing 482.8 434.4 417.6
Research and development 283.4 242.6 199.0
General and administrative 279.0 158.6 288.1
Depreciation and amortization 93.9 78.7 61.4
Total administrative expenses 1,139.1 914.3 966.1
Total operating expenses 1,484.5 1,248.9 1,242.4
Operating income 567.2 634.3 451.3
Interest expense (3.4) (3.4) (1.9)
Other income, net 55.6 18.1 23.0
Income before income taxes 619.4 649.0 472.4
Provision for income taxes 166.0 147.0 [1] 131.6 [1]
Net income $ 453.4 $ 502.0 $ 340.8
Earnings per share, basic $ 8.13 $ 8.93 $ 5.91
Earnings per share, diluted $ 8.08 $ 8.92 $ 5.88
Weighted average shares outstanding:      
Basic 55,765 56,208 57,707
Diluted 56,116 56,296 57,974
Comprehensive earnings:      
Net income $ 453.4 $ 502.0 $ 340.8
Unrealized net gains on available-for-sale securities 1.0 1.0 3.5
Tax effect (0.1) (0.6) (0.8)
Other comprehensive income, net of tax 0.9 0.4 2.7
Comprehensive earnings 454.3 502.4 343.5
Recurring and Other [Member]      
Revenues      
Total revenues 1,938.7 1,758.3 1,585.7
Interest on Funds Held for Clients [Member]      
Revenues      
Total revenues $ 113.0 $ 124.9 $ 108.0
[1] Disclosures for 2024 and 2023 were adjusted for retrospective application of ASU 2023-09, as described in Note 2 “Summary of Significant Accounting Policies.”