v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
$ in Thousands
Sep. 30, 2025
USD ($)
shares
Sep. 30, 2025
€ / shares
Jun. 30, 2025
USD ($)
shares
Jun. 30, 2025
€ / shares
Mar. 31, 2025
USD ($)
shares
Mar. 31, 2025
€ / shares
Dec. 31, 2024
USD ($)
Sep. 30, 2024
USD ($)
shares
Sep. 30, 2024
€ / shares
Jun. 30, 2024
USD ($)
shares
Jun. 30, 2024
€ / shares
Mar. 31, 2024
USD ($)
shares
Mar. 31, 2024
€ / shares
Dec. 31, 2023
USD ($)
Sep. 30, 2023
USD ($)
shares
Sep. 30, 2023
€ / shares
Jun. 30, 2023
USD ($)
shares
Jun. 30, 2023
€ / shares
Mar. 31, 2023
USD ($)
shares
Mar. 31, 2023
€ / shares
Dec. 31, 2022
USD ($)
Current assets:                                          
Cash and cash equivalents $ 468,888   $ 390,396   $ 526,698     $ 695,507   $ 506,553   $ 396,082     $ 313,065   $ 270,176   $ 279,880    
Available for sale investments               0   0   1,955     1,954   1,653   1,653    
Accounts receivable, net of allowance for credit losses 1,387,690   1,367,255   1,387,462     1,396,080   1,568,652   1,702,519     1,850,362   1,759,111   1,802,726    
Unbilled services (unbilled revenue) 1,195,747   1,173,021   1,101,511     1,118,860   1,021,519   949,567     828,453   902,321   880,412    
Other receivables 91,018   80,637   87,490     82,760   78,113   76,638     121,687   129,101   143,727    
Prepayments and other current assets 138,788   143,263   153,340     140,536   139,244   149,127     150,193   152,774   170,167    
Income taxes receivable 61,626   83,292   63,969     102,931   79,216   75,544     42,039   70,021   56,820    
Total current assets 3,343,757   3,237,864   3,320,470     3,536,674   3,393,297   3,351,432     3,307,753   3,285,157   3,335,385    
Non-current assets:                                          
Property, plant and equipment, net 377,939   377,979   378,253     365,726   353,844   353,302     342,262   346,521   348,106    
Goodwill 8,728,375   9,092,410   9,065,335   $ 9,051,410 9,085,447   9,016,549   9,018,301     8,982,896   8,993,583   8,979,134    
Intangible assets, net 3,297,583   3,443,096   3,501,307     3,605,814   3,632,354   3,748,939     3,934,673   4,049,793   4,164,410    
Operating right-of-use assets 134,341   140,352   147,377     156,955   149,782   159,620     132,319   144,514   150,495    
Other receivables 89,932   85,032   75,122     88,445   87,609   87,193     52,797   64,140   71,612    
Income taxes receivable 11,395   11,395   11,395     13,682   14,994   4,155     37,830   21,593   17,724    
Deferred tax asset 103,266   88,731   79,860     73,687   72,324   73,346     84,493   81,648   89,845    
Investments in equity 71,284   67,743   62,160     53,720   50,220   51,164     41,790   35,298   32,052    
Total Assets 16,157,872   16,544,602   16,641,279     16,980,150   16,770,973   16,847,452     16,916,813   17,022,247   17,188,763    
Current liabilities:                                          
Accounts payable 113,288   94,503   118,168     106,172   83,037   113,579     87,317   46,920   85,126    
Unearned revenue 1,546,887   1,515,422   1,495,847     1,477,952   1,544,275   1,585,694     1,563,948   1,493,403   1,480,275    
Other liabilities 991,224   891,661   987,060     1,037,886   991,823   993,512     941,581   987,635   1,022,645    
Income taxes payable 50,798   21,282   50,636     52,585   27,935   41,905     30,815   29,182   57,973    
Current bank credit lines, loan facilities and notes 529,762   29,762   29,762     29,762   29,762   79,762     130,150   105,150   135,150    
Total current liabilities 3,231,959   2,552,630   2,681,473     2,704,357   2,676,832   2,814,452     2,753,811   2,662,290   2,781,169    
Non-current liabilities:                                          
Non-current bank credit lines, loan facilities and notes, net 2,878,547   3,384,488   3,390,438     3,402,368   3,408,157   3,419,734     3,911,522   4,206,936   4,353,534    
Lease liabilities 125,110   132,713   138,354     145,714   145,464   145,542     121,424   129,079   133,048    
Non-current other liabilities 98,738   96,305   84,961     49,405   47,620   45,236     40,909   38,686   45,425    
Non-current income taxes payable 107,542   102,626   131,239     203,228   198,091   189,747     242,972   241,410   243,813    
Deferred tax liability 722,108   775,193   788,943     816,971   842,215   868,492     883,405   933,906   956,868    
Commitments and contingencies 0   0   0     0   0   0     0   0   0    
Total Liabilities 7,164,004   7,043,955   7,215,408     7,322,043   7,318,379   7,483,203     7,954,043   8,212,307   8,513,857    
Ordinary shares, par value (in EUR cents per share) | € / shares   € 0.06   € 0.06   € 0.06     € 0.06   € 0.06   € 0.06     € 0.06   € 0.06   € 0.06  
Shareholders' Equity:                                          
76,567,325 shares issued and outstanding at December 31, 2025, (2024: 80,756,860 and 2023: 82,495,086) 6,290   6,390   6,505     6,703   6,720   6,711     6,688   6,676   6,662    
Additional paid-in capital 7,100,059   7,054,324   7,037,344     7,011,547   6,988,736   6,970,079     6,924,073   6,891,494   6,867,887    
Other undenominated capital 1,606   1,506   1,389     1,184   1,162   1,162     1,162   1,162   1,162    
Accumulated other comprehensive loss (86,944)   (68,763)   (173,191)     (110,062)   (179,559)   (166,462)     (190,190)   (156,528)   (159,896)    
Retained earnings 1,972,857   2,507,190   2,553,824     2,748,735   2,635,535   2,552,759     2,221,037   2,067,136   1,959,091    
Total Shareholders' Equity 8,993,868   9,500,647   9,425,871   $ 9,441,354 9,658,107   9,452,594   9,364,249   $ 9,211,446 8,962,770   8,809,940   8,674,906   $ 8,526,793
Total Liabilities and Shareholders' Equity $ 16,157,872   $ 16,544,602   $ 16,641,279     $ 16,980,150   $ 16,770,973   $ 16,847,452     $ 16,916,813   $ 17,022,247   $ 17,188,763    
Ordinary shares, shares authorized (in shares) | shares 100,000,000   100,000,000   100,000,000     100,000,000   100,000,000   100,000,000     100,000,000   100,000,000   100,000,000    
Ordinary shares, shares issued (in shares) | shares 76,359,932   77,772,130   79,464,252     82,559,366   82,816,600   82,683,805     82,326,976   82,151,049   81,928,422    
Ordinary shares, shares outstanding (in shares) | shares 76,359,932   77,772,130   79,464,252     82,559,366   82,816,600   82,683,805     82,326,976   82,151,049   81,928,422    
As Reported                                          
Current assets:                                          
Cash and cash equivalents $ 468,888   $ 390,396   $ 526,698     $ 695,507   $ 506,553   $ 396,082     $ 313,065   $ 270,176   $ 279,880    
Available for sale investments               0   0   1,955     1,954   1,653   1,653    
Accounts receivable, net of allowance for credit losses 1,387,690   1,367,255   1,387,462     1,396,080   1,569,642   1,862,468     1,850,362   1,759,111   1,802,726    
Unbilled services (unbilled revenue) 1,258,706   1,244,560   1,197,080     1,361,198   1,230,948   993,141     941,884   985,034   974,260    
Other receivables 91,018   80,637   87,490     82,760   78,113   76,638     121,687   129,101   143,727    
Prepayments and other current assets 140,713   143,263   153,340     140,536   139,244   149,127     150,193   152,774   170,167    
Income taxes receivable 61,626   83,292   63,969     102,931   79,216   75,544     42,039   70,021   56,820    
Total current assets 3,408,641   3,309,403   3,416,039     3,779,012   3,603,716   3,554,955     3,421,184   3,367,870   3,429,233    
Non-current assets:                                          
Property, plant and equipment, net 390,837   377,979   378,253     365,726   353,844   353,302     342,262   346,521   348,106    
Goodwill 8,927,323   9,092,410   9,065,335     9,085,447   9,016,549   9,018,301     8,982,896   8,993,583   8,979,134    
Intangible assets, net 3,384,322   3,443,096   3,501,307     3,605,814   3,632,354   3,748,939     3,934,673   4,049,793   4,164,410    
Operating right-of-use assets 134,341   140,352   147,377     156,955   149,782   159,620     132,319   144,514   150,495    
Other receivables 89,932   85,032   75,122     88,445   87,609   87,193     52,797   64,140   71,612    
Income taxes receivable 0   0   0     0   0   0     40,481   25,169   22,076    
Deferred tax asset 100,810   86,275   77,404     75,993   74,787   74,777     83,095   80,772   89,406    
Investments in equity 71,284   67,743   62,160     53,720   50,220   51,164     41,790   35,298   32,052    
Total Assets 16,507,490   16,602,290   16,722,997     17,211,112   16,968,861   17,048,251     17,031,497   17,107,660   17,286,524    
Current liabilities:                                          
Accounts payable 113,288   94,503   118,168     106,172   83,037   113,579     87,317   46,920   85,126    
Unearned revenue 1,528,343   1,514,442   1,497,166     1,585,257   1,602,526   1,709,938     1,663,183   1,573,311   1,580,235    
Other liabilities 998,472   898,909   994,308     1,045,134   999,071   1,000,760     948,829   994,883   1,029,893    
Income taxes payable 49,350   19,347   49,888     52,585   27,935   41,905     41,518   39,885   68,676    
Current bank credit lines, loan facilities and notes 529,762   29,762   29,762     29,762   29,762   79,762     130,150   105,150   135,150    
Total current liabilities 3,219,215   2,556,963   2,689,292     2,818,910   2,742,331   2,945,944     2,870,997   2,760,149   2,899,080    
Non-current liabilities:                                          
Non-current bank credit lines, loan facilities and notes, net 2,878,547   3,384,488   3,390,438     3,402,368   3,408,157   3,419,734     3,911,522   4,206,936   4,353,534    
Lease liabilities 125,110   132,713   138,354     145,714   145,464   145,542     121,424   129,079   133,048    
Non-current other liabilities 99,490   97,057   85,713     50,157   48,372   45,988     41,661   39,438   46,177    
Non-current income taxes payable 105,832   100,916   129,529     201,135   195,778   188,876     242,972   241,410   243,813    
Deferred tax liability 744,450   775,066   788,816     818,329   843,633   869,520     883,887   934,208   957,019    
Commitments and contingencies 0   0   0     0   0   0     0   0   0    
Total Liabilities 7,172,644   7,047,203   7,222,142     7,436,613   7,383,735   7,615,604     8,072,463   8,311,220   8,632,671    
Shareholders' Equity:                                          
76,567,325 shares issued and outstanding at December 31, 2025, (2024: 80,756,860 and 2023: 82,495,086) 6,290   6,390   6,505     6,703   6,720   6,711     6,688   6,676   6,662    
Additional paid-in capital 7,100,059   7,054,324   7,037,344     7,011,547   6,988,736   6,970,079     6,924,073   6,891,494   6,867,887    
Other undenominated capital 1,606   1,506   1,389     1,184   1,162   1,162     1,162   1,162   1,162    
Accumulated other comprehensive loss (86,944)   (68,763)   (173,191)     (110,062)   (179,559)   (166,462)     (190,190)   (156,528)   (159,896)    
Retained earnings 2,313,835   2,561,630   2,628,808     2,865,127   2,768,067   2,621,157     2,217,301   2,053,636   1,938,038    
Total Shareholders' Equity 9,334,846   9,555,087   9,500,855     9,774,499   9,585,126   9,432,647     8,959,034   8,796,440   8,653,853    
Total Liabilities and Shareholders' Equity 16,507,490   16,602,290   16,722,997     17,211,112   16,968,861   17,048,251     17,031,497   17,107,660   17,286,524    
Adjustments                                          
Current assets:                                          
Cash and cash equivalents 0   0   0     0   0   0     0   0   0    
Available for sale investments               0   0   0     0   0   0    
Accounts receivable, net of allowance for credit losses 0   0   0     0   (990)   (159,949)     0   0   0    
Unbilled services (unbilled revenue) (62,959)   (71,539)   (95,569)     (242,338)   (209,429)   (43,574)     (113,431)   (82,713)   (93,848)    
Other receivables 0   0   0     0   0   0     0   0   0    
Prepayments and other current assets (1,925)   0   0     0   0   0     0   0   0    
Income taxes receivable 0   0   0     0   0   0     0   0   0    
Total current assets (64,884)   (71,539)   (95,569)     (242,338)   (210,419)   (203,523)     (113,431)   (82,713)   (93,848)    
Non-current assets:                                          
Property, plant and equipment, net (12,898)   0   0     0   0   0     0   0   0    
Goodwill (198,948)   0   0     0   0   0     0   0   0    
Intangible assets, net (86,739)   0   0     0   0   0     0   0   0    
Operating right-of-use assets 0   0   0     0   0   0     0   0   0    
Other receivables 0   0   0     0   0   0     0   0   0    
Income taxes receivable 11,395   11,395   11,395     13,682   14,994   4,155     (2,651)   (3,576)   (4,352)    
Deferred tax asset 2,456   2,456   2,456     (2,306)   (2,463)   (1,431)     1,398   876   439    
Investments in equity 0   0   0     0   0   0     0   0   0    
Total Assets (349,618)   (57,688)   (81,718)     (230,962)   (197,888)   (200,799)     (114,684)   (85,413)   (97,761)    
Current liabilities:                                          
Accounts payable 0   0   0     0   0   0     0   0   0    
Unearned revenue 18,544   980   (1,319)     (107,305)   (58,251)   (124,244)     (99,235)   (79,908)   (99,960)    
Other liabilities (7,248)   (7,248)   (7,248)     (7,248)   (7,248)   (7,248)     (7,248)   (7,248)   (7,248)    
Income taxes payable 1,448   1,935   748     0   0   0     (10,703)   (10,703)   (10,703)    
Current bank credit lines, loan facilities and notes 0   0   0     0   0   0     0   0   0    
Total current liabilities 12,744   (4,333)   (7,819)     (114,553)   (65,499)   (131,492)     (117,186)   (97,859)   (117,911)    
Non-current liabilities:                                          
Non-current bank credit lines, loan facilities and notes, net 0   0   0     0   0   0     0   0   0    
Lease liabilities 0   0   0     0   0   0     0   0   0    
Non-current other liabilities (752)   (752)   (752)     (752)   (752)   (752)     (752)   (752)   (752)    
Non-current income taxes payable 1,710   1,710   1,710     2,093   2,313   871     0   0   0    
Deferred tax liability (22,342)   127   127     (1,358)   (1,418)   (1,028)     (482)   (302)   (151)    
Commitments and contingencies 0   0   0     0   0   0     0   0   0    
Total Liabilities (8,640)   (3,248)   (6,734)     (114,570)   (65,356)   (132,401)     (118,420)   (98,913)   (118,814)    
Shareholders' Equity:                                          
76,567,325 shares issued and outstanding at December 31, 2025, (2024: 80,756,860 and 2023: 82,495,086) 0   0   0     0   0   0     0   0   0    
Additional paid-in capital 0   0   0     0   0   0     0   0   0    
Other undenominated capital 0   0   0     0   0   0     0   0   0    
Accumulated other comprehensive loss 0   0   0     0   0   0     0   0   0    
Retained earnings (340,978)   (54,440)   (74,984)     (116,392)   (132,532)   (68,398)     3,736   13,500   21,053    
Total Shareholders' Equity (340,978)   (54,440)   (74,984)     (116,392)   (132,532)   (68,398)     3,736   13,500   21,053    
Total Liabilities and Shareholders' Equity $ (349,618)   $ (57,688)   $ (81,718)     $ (230,962)   $ (197,888)   $ (200,799)     $ (114,684)   $ (85,413)   $ (97,761)