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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUE:        
Revenue before billable expenses $ 2,172.7 $ 2,327.1 $ 4,169.0 $ 4,510.0
Billable expenses 364.1 382.9 690.4 695.9
Total revenue 2,536.8 2,710.0 4,859.4 5,205.9
OPERATING EXPENSES:        
Salaries and related expenses 1,378.2 1,557.6 2,792.6 3,130.4
Office and other direct expenses 325.2 358.4 644.4 680.5
Billable expenses 364.1 382.9 690.4 695.9
Cost of services 2,067.5 2,298.9 4,127.4 4,506.8
Selling, general and administrative expenses 46.4 27.6 86.8 65.6
Depreciation and amortization 61.2 65.0 122.2 130.2
Restructuring charges 118.0 0.3 321.3 0.9
Total operating expenses 2,293.1 2,391.8 4,657.7 4,703.5
OPERATING INCOME 243.7 318.2 201.7 502.4
EXPENSES AND OTHER INCOME:        
Interest expense (50.5) (57.9) (100.6) (120.7)
Interest income 26.2 36.6 60.8 85.3
Other expense, net (1.4) (1.2) (38.3) (10.7)
Total (expenses) and other income (25.7) (22.5) (78.1) (46.1)
INCOME BEFORE INCOME TAXES 218.0 295.7 123.6 456.3
Provision for income taxes 54.6 75.6 45.4 122.9
INCOME OF CONSOLIDATED COMPANIES 163.4 220.1 78.2 333.4
Equity in net income (loss) of unconsolidated affiliates 0.2 (0.5) 0.1 (0.2)
NET INCOME 163.6 219.6 78.3 333.2
Net income attributable to non-controlling interests (1.1) (5.1) (1.2) (8.3)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 162.5 $ 214.5 $ 77.1 $ 324.9
Earnings per share available to IPG common stockholders:        
Basic (in dollars per share) $ 0.44 $ 0.57 $ 0.21 $ 0.86
Diluted (in dollars per share) $ 0.44 $ 0.57 $ 0.21 $ 0.86
Weighted-average number of common shares outstanding:        
Basic (in shares) 367.9 376.3 370.2 377.4
Diluted (in shares) 370.1 378.7 372.5 379.7