Income Taxes

9 Months Ended

Sep. 30, 2025

Income Tax Disclosure [Abstract]

Income Taxes

Income Taxes

Income tax expense is provided on an interim basis based upon our estimate of the annual effective income tax rate, adjusted each quarter for discrete items. For the three months ended September 30, 2025 and 2024, our effective tax rate was 21.4% and 20.4%, respectively. For the nine months ended September 30, 2025 and 2024, our effective tax rate was 21.1% and 20.7% respectively.

New tax legislation, referred to as the One Big Beautiful Bill Act ("OBBBA"), was signed into law on July 4, 2025. The OBBBA includes changes to the timing of tax deductions for depreciation and software development expenditures. The impact of the OBBBA is reflected in our income tax provisions and effective tax rate for the quarter ended September 30, 2025.