v3.25.2
Condensed Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenue $ 605.1 $ 571.9 $ 1,187.0 $ 1,114.7
Operating expense:        
Cost of revenue 230.6 222.7 462.0 440.8
Sales and marketing 119.7 111.3 232.3 215.9
General and administrative 82.0 80.3 158.5 160.6
Depreciation and amortization 48.5 49.1 95.8 96.3
Total operating expense 480.8 463.4 948.6 913.6
Other operating income 0.8 0.0 0.8 0.0
Operating income 125.1 108.5 239.2 201.1
Non-operating expense, net:        
Interest expense, net (7.4) (10.3) (12.8) (21.8)
Net realized gains on sale of investments, reclassified from other comprehensive income 1.9 0.2 2.2 2.8
Other expense, net (3.1) (8.9) (3.6) (5.6)
Non-operating expense, net (8.6) (19.0) (14.2) (24.6)
Income before income taxes and equity in investments of unconsolidated entities 116.5 89.5 225.0 176.5
Equity in investments of unconsolidated entities (1.2) (1.2) (3.8) (2.7)
Income tax expense 26.3 19.2 53.7 40.5
Consolidated net income $ 89.0 $ 69.1 $ 167.5 $ 133.3
Net income per share:        
Basic (in dollars per share) $ 2.11 $ 1.61 $ 3.94 $ 3.11
Diluted (in dollars per share) 2.09 1.60 3.91 3.09
Dividends declared (in dollars per share) 0.46 0.41 0.91 0.81
Dividends paid per common share (in dollars per share) $ 0.46 $ 0.41 $ 0.91 $ 0.81
Weighted average shares outstanding:        
Basic (in shares) 42.2 42.8 42.5 42.8
Diluted (in shares) 42.5 43.1 42.8 43.1