| Reportable Segments |
Reportable Segments The following table presents selected financial information by reportable segment:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended June 30, 2025 | | | Three months ended June 30, 2024 | | Application Software | | Network Software | | Technology Enabled Products | Segments Total | | | Application Software | | Network Software | | Technology Enabled Products | Segments Total | | Net revenues | $ | 1,094.9 | | | $ | 385.4 | | | $ | 463.3 | | | $ | 1,943.6 | | | | $ | 931.8 | | | $ | 364.2 | | | $ | 420.8 | | | $ | 1,716.8 | | | Cost of sales | 341.6 | | | 64.6 | | | 192.0 | | | 598.2 | | | | 290.7 | | | 56.4 | | | 176.4 | | | 523.5 | | | SG&A expenses | 458.7 | | | 151.5 | | | 107.2 | | | 717.4 | | | | 390.0 | | | 148.7 | | | 97.7 | | | 636.4 | | | Operating profit* | $ | 294.6 | | | $ | 169.3 | | | $ | 164.1 | | | $ | 628.0 | | | | $ | 251.1 | | | $ | 159.1 | | | $ | 146.7 | | | $ | 556.9 | | | | | | | | | | | | | | | | | | | | Depreciation and other amortization | $ | 175.7 | | | $ | 41.3 | | | $ | 5.9 | | | $ | 222.9 | | | | $ | 155.2 | | | $ | 40.3 | | | $ | 5.6 | | | $ | 201.1 | | | | | | | | | | | | | | | | | | | | Capital expenditures | $ | 9.6 | | | $ | 2.0 | | | $ | 3.6 | | | $ | 15.2 | | | | $ | 3.3 | | | $ | 1.0 | | | $ | 2.1 | | | $ | 6.4 | | | Capitalized software expenditures | $ | 14.4 | | | $ | — | | | $ | — | | | $ | 14.4 | | | | $ | 10.5 | | | $ | 0.4 | | | $ | — | | | $ | 10.9 | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2025 | | | Six months ended June 30, 2024 | | Application Software | | Network Software | | Technology Enabled Products | Segments Total | | | Application Software | | Network Software | | Technology Enabled Products | Segments Total | | Net revenues | $ | 2,163.1 | | | $ | 761.3 | | | $ | 902.0 | | | $ | 3,826.4 | | | | $ | 1,827.0 | | | $ | 735.0 | | | $ | 835.5 | | | $ | 3,397.5 | | | Cost of sales | 689.0 | | | 124.9 | | | 373.4 | | | 1,187.3 | | | | 560.2 | | | 110.9 | | | 352.1 | | | 1,023.2 | | | SG&A expenses | 902.7 | | | 300.4 | | | 210.9 | | | 1,414.0 | | | | 776.1 | | | 298.0 | | | 200.5 | | | 1,274.6 | | | Operating profit* | $ | 571.4 | | | $ | 336.0 | | | $ | 317.7 | | | $ | 1,225.1 | | | | $ | 490.7 | | | $ | 326.1 | | | $ | 282.9 | | | $ | 1,099.7 | | | | | | | | | | | | | | | | | | | | Depreciation and other amortization | $ | 341.3 | | | $ | 82.6 | | | $ | 11.3 | | | $ | 435.2 | | | | $ | 302.9 | | | $ | 80.6 | | | $ | 11.6 | | | $ | 395.1 | | | | | | | | | | | | | | | | | | | | Capital expenditures | $ | 13.9 | | | $ | 4.6 | | | $ | 6.0 | | | $ | 24.5 | | | | $ | 8.0 | | | $ | 2.3 | | | $ | 4.8 | | | $ | 15.1 | | | Capitalized software expenditures | $ | 26.8 | | | $ | — | | | $ | — | | | $ | 26.8 | | | | $ | 20.0 | | | $ | 0.5 | | | $ | — | | | $ | 20.5 | | | | | | | | | | | | | | | | | | |
* Segment operating profit is before unallocated corporate general and administrative expenses and enterprise-wide stock-based compensation. These expenses were $79.7 and $62.7 for the three months ended June 30, 2025 and 2024, respectively, and $151.0 and $124.2 for the six months ended June 30, 2025 and 2024, respectively, and are included within consolidated SG&A expenses to arrive at “Income from operations” in our Condensed Consolidated Statements of Earnings. Items below “Income from operations” are not allocated to reportable segments.
The following table presents selected asset information by reportable segment:
| | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | Total assets: | | | | | Application Software | $ | 25,348.3 | | | $ | 23,600.9 | | | Network Software | 5,356.4 | | | 5,348.0 | | | Technology Enabled Products | 1,723.4 | | | 1,498.1 | | | | | | | Segments Total | $ | 32,428.1 | | | $ | 30,447.0 | |
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