| Other Assets and Other Liabilities |
OTHER ASSETS AND OTHER LIABILITIES The components of other assets and other liabilities were as follows (dollars in thousands): | | | | | | | | | | | March 31, 2026 | December 31, 2025 | | Other assets: | | | | Deferred compensation | $ | 1,097,958 | | $ | 1,107,552 | | | Prepaid assets | 264,443 | | 240,010 | | Fractional shares — investment | 370,121 | | 371,683 | | | Deferred tax assets, net | 100,137 | | 78,222 | | | Operating lease assets | 196,423 | | 173,544 | | Referral fee | 109,925 | | 106,038 | | Income tax receivables | 949 | | 53,245 | | | Debt issuance costs, net | 9,745 | | 10,824 | | | Other | 71,208 | | 61,326 | | | Total other assets | $ | 2,220,909 | | $ | 2,202,444 | | | | | | Other liabilities: | | | | Deferred compensation | $ | 1,089,894 | | $ | 1,100,018 | | Unearned revenue | 324,119 | | 265,024 | | Fractional shares — repurchase obligation | 370,121 | | 371,683 | | | Operating lease liabilities | 231,068 | | 203,970 | | Financing obligation liabilities | 108,085 | | 108,433 | | Taxes payable | 163,248 | | 69,348 | | Contingent consideration | 134,277 | | 124,038 | | | Other | 6,854 | | 5,001 | | | Total other liabilities | $ | 2,427,666 | | $ | 2,247,515 | |
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