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Pay vs Performance Disclosure
 12 Months Ended
Dec. 31, 2025
USD ($)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Pay vs Performance Disclosure          
Pay vs Performance Disclosure, Table

Pay vs. Performance

PVP Disclosure

In accordance with rules adopted by the SEC pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, we provide the following disclosure regarding Compensation Actually Paid (“CAP”) and certain performance metrics under the SEC Pay Versus Performance (“PVP”) disclosure requirements for our principal executive officer (“PEO”) and Non-PEO NEOs and Company performance for the fiscal years listed below.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary

 

 

 

 

 

Average
Summary
Compensation

 

Average

 

Value of Initial Fixed
$100 Investment
based on:3

 

 

 

 

 

 

 

 

Year

 

Compensation
Table Total for
PEO1
($)

 

CAP for
PEO 1,2
($)

 

Table Total for
Non-PEO
NEOs1
($)

 

CAP for
Non-PEO
NEOs1,2
($)

 

TSR
($)

 

Peer
Group
TSR
($)

 

Net
Income
($ Millions)

 

Adjusted
Earnings
per Share
Growth4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

73,742,639

 

 

 

 

82,231,585

 

 

 

 

7,674,722

 

 

 

 

7,730,661

 

 

 

 

174

 

 

 

 

203

 

 

 

 

3,750

 

 

 

 

9

%

 

2024

 

 

26,205,390

 

 

 

 

46,937,835

 

 

 

 

9,461,660

 

 

 

 

12,859,725

 

 

 

 

175

 

 

 

 

177

 

 

 

 

2,720

 

 

 

 

10

%

 

2023

 

 

23,661,834

 

 

 

 

26,595,162

 

 

 

 

16,616,433

 

 

 

 

14,770,260

 

 

 

 

141

 

 

 

 

135

 

 

 

 

2,628

 

 

 

 

6

%

 

2022

 

 

19,668,985

 

 

 

 

18,544,322

 

 

 

 

6,643,617

 

 

 

 

6,472,711

 

 

 

 

144

 

 

 

 

121

 

 

 

 

2,646

 

 

 

 

12

%

 

2021

 

 

19,868,384

 

 

 

 

101,103,407

 

 

 

 

7,644,425

 

 

 

 

25,641,567

 

 

 

 

143

 

 

 

 

135

 

 

 

 

1,308

 

 

 

 

22

%

 

 

1.
The PEO for each year reflected in the table is Gregory C. Case, the Company’s CEO. The non-PEO NEOs are Edmund Reese (for 2024 and 2025 only), Lisa Stevens, Andy Marcell (for 2025 only), Mindy Simon (for 2024 and 2025 only), Christa Davies (for all years but 2025), Eric Andersen (for all years but 2025) and Darren Zeidel (for 2021, 2022 and 2023 only).
2.
The amounts shown for CAP have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually earned, realized, or received by the Company’s NEOs. CAP amounts reflect the Summary Compensation Table Total with exclusions and inclusions of certain amounts for the PEO and the Non-PEO NEOs as set forth below. Equity values are calculated in accordance with FASB ASC Topic 718. Amounts in the Exclusion of Stock Awards column are the totals from the Stock Awards column set forth in the Summary Compensation Table.

 

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total for
PEO

 

Exclusion
of Stock
Awards for
PEO

 

Inclusion
of Equity
Values for
PEO

 

CAP for
PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

73,742,639

 

 

 

$

(68,769,941

)

 

 

$

77,258,887

 

 

 

$

82,231,585

 

 

 

Average Non-PEO NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Average
Summary
Compensation
Table Total
for Non-PEO
NEOs

 

Average
Exclusion
of Change
in Pension
Value for
Non-PEO
NEOs

 

Average
Exclusion
of Stock
Awards for
Non-PEO
NEOs

 

Average
Inclusion
of Equity
Values for
Non-PEO
NEOs

 

Average
CAP for
Non-PEO
NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

7,674,722

 

 

 

$

(1754

)

 

 

$

(4,944,895

)

 

 

$

5,002,588

 

 

 

$

7,730,661

 

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Year-End
Fair Value
of Equity
Awards
Granted
During Year
That
Remained
Unvested
as of
Last Day
of Year
for
PEO

 

Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
PEO

 

Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested for
PEO

 

Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards Not
Otherwise
Included
for
PEO

 

Total -
Inclusion
of Equity
Values for
PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

72,616,352

 

 

 

$

3,196,615

 

 

 

$

1,437,469

 

 

 

$

8,450

 

 

 

$

77,258,887

 

 

Average Non-PEO NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Average
Year-End
Fair Value
of Equity
Awards
Granted
During Year
That
Remained
Unvested
as of Last
Day of Year
for Non-PEO
NEOs

 

Average
Change in
Fair Value
from Last
Day of
Prior Year to
Last Day of
Year of
Unvested
Equity
Awards for
Non-PEO
NEOs

 

Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards that
Vested for
Non-PEO
NEOs

 

Average
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for
Non-PEO
NEOs

 

Total -
Average
Inclusion
of Equity
Values for
Non-PEO
NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

4,513,776

 

 

 

$

302,133

 

 

 

$

182,054

 

 

 

$

4,624

 

 

 

$

5,002,588

 

 

 

3.
The Peer Group Total Shareholder Return (“TSR”) set forth in this table utilizes the S&P 500 Financials Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in the Company’s annual report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the S&P 500 Financials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.

4.
We determined Adjusted earnings per share (EPS) Growth to be the most important financial performance measure used to link Company
performance to CAP to our PEO and Non-PEO NEOs in 2025. Adjusted EPS Growth, a non-GAAP measure, is an indicator of our core operating
performance and excludes certain non-recurring or extraordinary items. For information on Adjusted EPS Growth, please refer to Appendix A.
        
Company Selected Measure Name Adjusted earnings per share (EPS)        
Named Executive Officers, Footnote The PEO for each year reflected in the table is Gregory C. Case, the Company’s CEO. The non-PEO NEOs are Edmund Reese (for 2024 and 2025 only), Lisa Stevens, Andy Marcell (for 2025 only), Mindy Simon (for 2024 and 2025 only), Christa Davies (for all years but 2025), Eric Andersen (for all years but 2025) and Darren Zeidel (for 2021, 2022 and 2023 only).        
Peer Group Issuers, Footnote
3.
The Peer Group Total Shareholder Return (“TSR”) set forth in this table utilizes the S&P 500 Financials Index, which we also utilize in the stock performance graph required by Item 201(e) of Regulation S-K included in the Company’s annual report for the year ended December 31, 2025. The comparison assumes $100 was invested for the period starting December 31, 2020, through the end of the listed year in the Company and in the S&P 500 Financials Index, respectively. Historical stock performance is not necessarily indicative of future stock performance.
        
PEO Total Compensation Amount $ 73,742,639 $ 26,205,390 $ 23,661,834 $ 19,668,985 $ 19,868,384
PEO Actually Paid Compensation Amount $ 82,231,585 46,937,835 26,595,162 18,544,322 101,103,407
Adjustment To PEO Compensation, Footnote

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total for
PEO

 

Exclusion
of Stock
Awards for
PEO

 

Inclusion
of Equity
Values for
PEO

 

CAP for
PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

73,742,639

 

 

 

$

(68,769,941

)

 

 

$

77,258,887

 

 

 

$

82,231,585

 

 

 

Average Non-PEO NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Average
Summary
Compensation
Table Total
for Non-PEO
NEOs

 

Average
Exclusion
of Change
in Pension
Value for
Non-PEO
NEOs

 

Average
Exclusion
of Stock
Awards for
Non-PEO
NEOs

 

Average
Inclusion
of Equity
Values for
Non-PEO
NEOs

 

Average
CAP for
Non-PEO
NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

7,674,722

 

 

 

$

(1754

)

 

 

$

(4,944,895

)

 

 

$

5,002,588

 

 

 

$

7,730,661

 

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Year-End
Fair Value
of Equity
Awards
Granted
During Year
That
Remained
Unvested
as of
Last Day
of Year
for
PEO

 

Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
PEO

 

Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested for
PEO

 

Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards Not
Otherwise
Included
for
PEO

 

Total -
Inclusion
of Equity
Values for
PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

72,616,352

 

 

 

$

3,196,615

 

 

 

$

1,437,469

 

 

 

$

8,450

 

 

 

$

77,258,887

 

 

Average Non-PEO NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Average
Year-End
Fair Value
of Equity
Awards
Granted
During Year
That
Remained
Unvested
as of Last
Day of Year
for Non-PEO
NEOs

 

Average
Change in
Fair Value
from Last
Day of
Prior Year to
Last Day of
Year of
Unvested
Equity
Awards for
Non-PEO
NEOs

 

Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards that
Vested for
Non-PEO
NEOs

 

Average
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for
Non-PEO
NEOs

 

Total -
Average
Inclusion
of Equity
Values for
Non-PEO
NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

4,513,776

 

 

 

$

302,133

 

 

 

$

182,054

 

 

 

$

4,624

 

 

 

$

5,002,588

 
       
Non-PEO NEO Average Total Compensation Amount $ 7,674,722 9,461,660 16,616,433 6,643,617 7,644,425
Non-PEO NEO Average Compensation Actually Paid Amount $ 7,730,661 12,859,725 14,770,260 6,472,711 25,641,567
Adjustment to Non-PEO NEO Compensation Footnote

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Summary
Compensation
Table Total for
PEO

 

Exclusion
of Stock
Awards for
PEO

 

Inclusion
of Equity
Values for
PEO

 

CAP for
PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

73,742,639

 

 

 

$

(68,769,941

)

 

 

$

77,258,887

 

 

 

$

82,231,585

 

 

 

Average Non-PEO NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Average
Summary
Compensation
Table Total
for Non-PEO
NEOs

 

Average
Exclusion
of Change
in Pension
Value for
Non-PEO
NEOs

 

Average
Exclusion
of Stock
Awards for
Non-PEO
NEOs

 

Average
Inclusion
of Equity
Values for
Non-PEO
NEOs

 

Average
CAP for
Non-PEO
NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

7,674,722

 

 

 

$

(1754

)

 

 

$

(4,944,895

)

 

 

$

5,002,588

 

 

 

$

7,730,661

 

 

The amounts in the Inclusion of Equity Values in the tables above are derived from the amounts set forth in the following tables:

 

PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Year-End
Fair Value
of Equity
Awards
Granted
During Year
That
Remained
Unvested
as of
Last Day
of Year
for
PEO

 

Change in
Fair Value
from Last
Day of Prior
Year to Last
Day of Year
of Unvested
Equity
Awards for
PEO

 

Change in
Fair Value
from Last
Day of Prior
Year to
Vesting Date
of Unvested
Equity
Awards that
Vested for
PEO

 

Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards Not
Otherwise
Included
for
PEO

 

Total -
Inclusion
of Equity
Values for
PEO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

72,616,352

 

 

 

$

3,196,615

 

 

 

$

1,437,469

 

 

 

$

8,450

 

 

 

$

77,258,887

 

 

Average Non-PEO NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year

 

Average
Year-End
Fair Value
of Equity
Awards
Granted
During Year
That
Remained
Unvested
as of Last
Day of Year
for Non-PEO
NEOs

 

Average
Change in
Fair Value
from Last
Day of
Prior Year to
Last Day of
Year of
Unvested
Equity
Awards for
Non-PEO
NEOs

 

Average
Change in
Fair Value
from Last
Day of Prior
Year to
Vesting
Date of
Unvested
Equity
Awards that
Vested for
Non-PEO
NEOs

 

Average
Value of
Dividends
or Other
Earnings
Paid on
Equity
Awards
Not
Otherwise
Included
for
Non-PEO
NEOs

 

Total -
Average
Inclusion
of Equity
Values for
Non-PEO
NEOs

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2025

 

$

4,513,776

 

 

 

$

302,133

 

 

 

$

182,054

 

 

 

$

4,624

 

 

 

$

5,002,588

 
       
Compensation Actually Paid vs. Total Shareholder Return

img43164140_86.jpg

        
Compensation Actually Paid vs. Net Income

Our net income grew 86% over the 2020-2025 period reflective of strong growth and performance on our key financial metrics. In 2025, we had net income growth of 38%, driven by strong revenue growth. Net income performance does not have a strong relationship with the reported CAP to our PEO and Non-PEO NEOs and is not a metric in any of our incentive programs.

       
Compensation Actually Paid vs. Company Selected Measure

img43164140_87.jpg

        
Total Shareholder Return Vs Peer Group

img43164140_88.jpg

        
Tabular List, Table

Tabular List of Most Important Financial Performance Measures

The following table presents the financial performance measures that the Company considers to have been the most important in linking CAP to our PEO and Non-PEO NEOs for 2025 to Company performance. The measures in this table are not ranked.

 

 

Adjusted Earnings Per Share Growth

Adjusted Operating Income Growth

Stock Price
       
Total Shareholder Return Amount $ 174 175 141 144 143
Peer Group Total Shareholder Return Amount $ 203 $ 177 $ 135 $ 121 $ 135
Company Selected Measure Amount 0.09 0.10 0.06 0.12 0.22
PEO Name Gregory C. Case        
Net Income $ 3,750,000,000 $ 2,720,000,000 $ 2,628,000,000 $ 2,646,000,000 $ 1,308,000,000
Measure:: 1          
Pay vs Performance Disclosure          
Name Adjusted Earnings Per Share Growth        
Non-GAAP Measure Description
4.
We determined Adjusted earnings per share (EPS) Growth to be the most important financial performance measure used to link Company
performance to CAP to our PEO and Non-PEO NEOs in 2025. Adjusted EPS Growth, a non-GAAP measure, is an indicator of our core operating
performance and excludes certain non-recurring or extraordinary items. For information on Adjusted EPS Growth, please refer to Appendix A.
        
Measure:: 2          
Pay vs Performance Disclosure          
Name Adjusted Operating Income Growth        
Measure:: 3          
Pay vs Performance Disclosure          
Name Stock Price        
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ 77,258,887        
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 72,616,352        
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 3,196,615        
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 1,437,469        
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 8,450        
PEO | Exclusion of Stock Awards and Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (68,769,941)        
Non-PEO NEO | Aggregate Change in Present Value of Accumulated Benefit for All Pension Plans Reported in Summary Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount (1,754)        
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 5,002,588        
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,513,776        
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 302,133        
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 182,054        
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount 4,624        
Non-PEO NEO | Exclusion of Stock Awards and Option Awards [Member]          
Pay vs Performance Disclosure          
Adjustment to Compensation, Amount $ (4,944,895)