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Unaudited Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Total revenues $ 483.6 $ 437.5 $ 1,014.1 $ 937.4
Cost of revenues        
Operating expenses 68.4 67.5 134.8 131.1
Depreciation and amortization 19.1 16.4 37.4 31.4
Total cost of revenues 87.5 83.9 172.2 162.5
Administrative expenses        
Sales and marketing 116.0 106.9 226.9 222.4
Research and development 74.8 62.4 137.1 112.9
General and administrative 70.2 70.1 135.9 22.0
Depreciation and amortization 22.8 19.2 44.5 36.7
Total administrative expenses 283.8 258.5 544.4 393.9
Total operating expenses 371.3 342.4 716.6 556.4
Operating income 112.3 95.1 297.5 381.0
Interest expense (0.8) (0.8) (1.6) (1.6)
Other income (expense), net 5.7 4.8 11.6 9.8
Income before income taxes 117.2 99.1 307.5 389.2
Provision for income taxes 27.7 31.2 78.6 74.0
Net income $ 89.5 $ 68.0 $ 228.9 $ 315.2
Earnings per share, basic $ 1.59 $ 1.2 $ 4.08 $ 5.58
Earnings per share, diluted $ 1.58 $ 1.2 $ 4.06 $ 5.57
Weighted average shares outstanding:        
Basic 56,117 56,451 56,045 56,499
Diluted 56,500 56,771 56,324 56,548
Comprehensive earnings:        
Net income $ 89.5 $ 68.0 $ 228.9 $ 315.2
Unrealized net (losses) gains on available-for-sale securities (0.1) 0.3 0.6 1.2
Tax effect 0.3 (0.1) 0.1 (0.4)
Other comprehensive income, net of tax 0.2 0.2 0.7 0.7
Comprehensive earnings: 89.7 68.2 229.6 315.9
Recurring and Other [Member]        
Revenues        
Total revenues 455.1 405.5 955.1 871.6
Interest on Funds Held for Clients [Member]        
Revenues        
Total revenues $ 28.5 $ 32.0 $ 59.0 $ 65.8