v3.26.1
Deferred Commissions
 6 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Deferred Commissions Disaggregation of Revenue
The tables below show disaggregation of revenue into categories that reflect how economic factors affect the nature, amount, timing, and uncertainty of revenues and cash flows.
Recurring Revenues
The majority of our revenues are comprised of revenues from subscriptions and maintenance, which we consider to be recurring revenues. Subscriptions revenues primarily consist of revenues derived from our SaaS arrangements and transaction-based fees. These revenues are considered recurring because revenues from these sources are expected to re-occur in similar annual amounts for the term of our relationship with the client. Transaction-based fees are generally the result of multi-year contracts with our clients that result in fees generated by payment transactions and digital government services and are collected on a recurring basis during the contract term. The contract terms for subscription arrangements range from one to 10 years but are typically contracted for initial periods of one to three years. Nearly all of our on-premises software clients contract with us for maintenance and support. Maintenance and support are generally provided under auto-renewing annual contracts or multi-year contracts. We consider all other revenue categories to be non-recurring revenues.
Recurring revenues and non-recurring revenues recognized during the period are as follows:
For the three months ended June 30, 2026Enterprise SoftwarePlatform TechnologiesCorporate UnallocatedTotals
Revenues
Subscriptions:
SaaS$207,658 $22,983 $— $230,641 
Transaction-based fees100,296 122,787 — 223,083 
Maintenance100,348 5,462 — 105,810 
Total recurring revenues408,302 151,232 — 559,534 
Professional services54,737 8,429 — 63,166 
Other 13,293 1,196 7,907 22,396 
Total non-recurring revenues68,030 9,625 7,907 85,562 
Total revenues$476,332 $160,857 $7,907 $645,096 
For the three months ended June 30, 2025Enterprise SoftwarePlatform TechnologiesCorporate UnallocatedTotals
Revenues
Subscriptions:
SaaS$168,232 $21,339 $— $189,571 
Transaction-based fees89,246 126,258 — 215,504 
Maintenance106,779 5,344 — 112,123 
Total recurring revenues364,257 152,941 — 517,198 
Professional services56,862 1,750 — 58,612 
Other 12,796 (55)7,566 20,307 
Total non-recurring revenues69,658 1,695 7,566 78,919 
Total revenues$433,915 $154,636 $7,566 $596,117 
For the six months ended June 30, 2026Enterprise SoftwarePlatform TechnologiesCorporate UnallocatedTotals
Revenues
Subscriptions:
SaaS$407,790 $45,207 $— $452,997 
Transaction-based fees195,335 235,137 — 430,472 
Maintenance203,675 11,009 — 214,684 
Total recurring revenues806,800 291,353 — 1,098,153 
Professional services107,995 15,978 — 123,973 
Other26,290 1,589 8,594 36,473 
Total non-recurring revenues134,285 17,567 8,594 160,446 
Total revenues$941,085 $308,920 $8,594 $1,258,599 
For the six months ended June 30, 2025Enterprise SoftwarePlatform TechnologiesCorporate UnallocatedTotals
Revenues
Subscriptions:
SaaS$326,973 $42,678 $— $369,651 
Transaction-based fees159,085 251,328 — 410,413 
Maintenance213,758 11,166 — 224,924 
Total recurring revenues699,816 305,172 — 1,004,988 
Professional services111,455 11,207 — 122,662 
Other25,390 (14)8,256 33,632 
Total non-recurring revenues136,845 11,193 8,256 156,294 
Total revenues$836,661 $316,365 $8,256 $1,161,282 
Deferred Revenue and Performance Obligations
Total deferred revenue, including long-term, by segment is as follows:
June 30, 2026December 31, 2025
Enterprise Software$782,737 $755,894 
Platform Technologies30,321 39,443 
Corporate
3,863 6,489 
Totals$816,921 $801,826 
Changes in total deferred revenue, including long-term, were as follows:
Six Months Ended June 30, 2026
Balance as of December 31, 2025$801,826 
Deferral of revenue844,086 
Recognition of deferred revenue(828,991)
Balance as of June 30, 2026$816,921 
Remaining Performance Obligations
We expect to recognize as revenue approximately 98% of our deferred revenue balance as of June 30, 2026, in the next 12 months, and the remainder thereafter. We believe the portion of transaction price allocated to the remaining performance obligations which is not included in our deferred revenue balance is not a meaningful indicator of future revenue due to contracts with transaction-based fees that vary with transaction activity, the variability in subscription term lengths, and termination provisions included in some contracts that limit inclusion and cause variability from period to period.
Deferred Commissions
Deferred commissions are as follows:
 June 30, 2026December 31, 2025
Prepaid commissions
$23,935 $24,006 
Long-term deferred commissions
58,025 54,561 
Total deferred commissions
$81,960 $78,567 
Amortization expense related to deferred commissions is as follows:
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Amortization expense
$6,224 $4,943 $12,643 $10,043 
Deferred commissions have been included with prepaid expenses for the current portion and other non-current assets for the long-term portion in the accompanying condensed consolidated balance sheets. Amortization expense related to deferred commissions is included in sales and marketing expense in the accompanying condensed consolidated statements of income.