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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUE:        
Revenue before billable expenses $ 2,135,600,000 $ 2,242,700,000 $ 6,304,600,000 $ 6,752,700,000
Billable expenses 358,400,000 386,100,000 1,048,800,000 1,082,000,000
Total revenue 2,494,000,000 2,628,800,000 7,353,400,000 7,834,700,000
OPERATING EXPENSES:        
Salaries and related expenses 1,370,300,000 1,464,000,000 4,162,900,000 4,594,400,000
Office and other direct expenses 304,500,000 327,100,000 948,900,000 1,007,600,000
Billable expenses 358,400,000 386,100,000 1,048,800,000 1,082,000,000
Cost of services 2,033,200,000 2,177,200,000 6,160,600,000 6,684,000,000
Selling, general and administrative expenses 50,300,000 20,800,000 137,100,000 86,400,000
Depreciation and amortization 62,000,000.0 65,300,000 184,200,000 195,500,000
Goodwill, Impairment Loss 0.0 232,100,000 0 232,100,000
Restructuring charges 129,500,000 500,000 450,800,000 1,400,000
Total operating expenses 2,275,000,000 2,495,900,000 6,932,700,000 7,199,400,000
OPERATING INCOME 219,000,000.0 132,900,000 420,700,000 635,300,000
EXPENSES AND OTHER INCOME:        
Interest expense (48,900,000) (54,900,000) (149,500,000) (175,600,000)
Interest income 24,300,000 34,200,000 85,100,000 119,500,000
Other expense, net (5,700,000) (2,700,000) (44,000,000.0) (13,400,000)
Total (expenses) and other income (30,300,000) (23,400,000) (108,400,000) (69,500,000)
INCOME BEFORE INCOME TAXES 188,700,000 109,500,000 312,300,000 565,800,000
Provision for income taxes 58,700,000 85,300,000 104,100,000 208,200,000
INCOME OF CONSOLIDATED COMPANIES 130,000,000.0 24,200,000 208,200,000 357,600,000
Equity in net loss of unconsolidated affiliates (2,900,000) 0.0 (2,800,000) (200,000)
NET INCOME 127,100,000 24,200,000 205,400,000 357,400,000
Net income attributable to non-controlling interests (2,900,000) (4,100,000) (4,100,000) (12,400,000)
NET INCOME AVAILABLE TO IPG COMMON STOCKHOLDERS $ 124,200,000 $ 20,100,000 $ 201,300,000 $ 345,000,000.0
Earnings per share available to IPG common stockholders:        
Basic (in dollars per share) $ 0.34 $ 0.05 $ 0.55 $ 0.92
Diluted (in dollars per share) $ 0.34 $ 0.05 $ 0.54 $ 0.91
Weighted-average number of common shares outstanding:        
Basic (in shares) 365.0 373.9 368.4 376.2
Diluted (in shares) 368.0 376.8 370.9 378.7