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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating activities:    
Net income $ 222,344 $ 210,939
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 45,431 50,760
Stock-based compensation expense 45,870 50,168
Deferred taxes 1,991 (29,710)
Gain from sale of divested operation (6,138) 0
Reduction in the carrying amount of operating lease right-of-use assets 14,894 17,736
Amortization and write-off of deferred financing fees 1,298 1,034
Gain on de-designated swaps 0 (165)
Changes in assets and liabilities, net of acquisitions and divestitures:    
Fees receivable, net 270,936 211,612
Deferred commissions 21,265 41,131
Prepaid expenses and other current assets (38,527) (5,338)
Other assets (7,930) (15,568)
Deferred revenues 213,649 131,001
Accounts payable and accrued and other liabilities (394,044) (350,088)
Cash provided by operating activities 391,039 313,512
Investing activities:    
Additions to property, equipment and leasehold improvements (20,423) (25,569)
Proceeds from sale of divested operation, net of cash transferred 104,798 0
Cash provided by (used in) investing activities 84,375 (25,569)
Financing activities:    
Proceeds from employee stock purchase plan 8,661 9,736
Payments of deferred financing fees (1,508) 0
Purchases of treasury stock (534,637) (162,672)
Cash used in financing activities (527,484) (152,936)
Net (decrease) increase in cash and cash equivalents (52,070) 135,007
Effects of exchange rates on cash and cash equivalents (3,505) 22,894
Cash and cash equivalents, beginning of period 1,722,521 1,933,147
Cash and cash equivalents, end of period $ 1,666,946 $ 2,091,048