Accounts receivable, unbilled revenue (contract assets) and unearned revenue or payments on account (contract liabilities) (Tables)

6 Months Ended

Jun. 30, 2026

Accounts receivables and unbilled revenue are as follows:


	June 30, 2026		December 31, 2025
	(in thousands)
Accounts receivable (Billed services)	$	1,497,426	$	1,517,217
Allowance for credit losses	(39,072)		(42,319)
Accounts receivable (net)	1,458,354		1,474,898
Unbilled revenue (Unbilled services)	1,054,478		1,096,592
Accounts receivable and unbilled revenue, net	$	2,512,832	$	2,571,490

Unbilled services and unearned revenue or payments on account (contract assets and liabilities) were as follows:


	June 30, 2026		December 31, 2025		$ Change		% Change
	(in thousands, except percentages)
Unbilled revenue (Unbilled services)	$	1,054,478	$	1,096,592	$	(42,114)	(3.8)	%
Unearned revenue (Payments on account)	(1,603,204)		(1,550,471)		(52,733)		3.4	%