Income taxes |
6 Months Ended |
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Jun. 30, 2025 | |
| Income Tax Disclosure [Abstract] | |
| Income taxes | Income taxes The Company determines its tax provision for interim periods using an estimate of its annual effective tax rate adjusted for discrete items, if any, that are taken into account in the relevant period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if its estimated tax rate changes, the Company makes a cumulative adjustment. The Company’s effective tax rate (“ETR”) was 24.9% for the three months ended June 30, 2025, unchanged from the three months ended June 30, 2024. The Company’s ETR was 25.1% for the six months ended June 30, 2025, up from 25.0% for the six months ended June 30, 2024. The change in the Company’s ETR in the six months ended June 30, 2025 was primarily driven by the mix of pre-tax income and the impact of discrete items.
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