v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
$ in Thousands
Total
Ordinary Shares
Additional Paid-in Capital
Other Undenominated Capital
Accumulated Other Comprehensive Loss
Retained Earnings
Beginning balance (in shares) at Dec. 31, 2024   80,756,860        
Beginning balance at Dec. 31, 2024 $ 9,441,354 $ 6,586 $ 7,020,231 $ 1,304 $ (229,929) $ 2,643,162
Comprehensive income (net of tax):            
Net income 160,812         160,812
Currency translation adjustment 59,158       59,158  
Movement on cash flow hedge (2,420)       (2,420)  
Total comprehensive income 217,550          
Exercise of share options (in shares)   40,883        
Exercise of share options 4,762 $ 3 4,759      
Issue of restricted share units and performance share units (in shares)   27,046        
Issue of restricted share units and performance share units 1 $ 1        
Share based compensation expense 12,359   12,359      
Share issuance costs (5)   (5)      
Repurchase of ordinary shares (in shares)   (1,360,537)        
Repurchase of ordinary shares (250,000) $ (85)   85   (250,000)
Share repurchase costs (150)         (150)
Ending balance (in shares) at Mar. 31, 2025   79,464,252        
Ending balance at Mar. 31, 2025 9,425,871 $ 6,505 7,037,344 1,389 (173,191) 2,553,824
Beginning balance (in shares) at Dec. 31, 2024   80,756,860        
Beginning balance at Dec. 31, 2024 9,441,354 $ 6,586 7,020,231 1,304 (229,929) 2,643,162
Comprehensive income (net of tax):            
Net income 364,328          
Currency translation adjustment 163,586          
Movement on cash flow hedge (2,420)          
Total comprehensive income 525,494          
Ending balance (in shares) at Jun. 30, 2025   77,772,130        
Ending balance at Jun. 30, 2025 9,500,647 $ 6,390 7,054,324 1,506 (68,763) 2,507,190
Beginning balance (in shares) at Dec. 31, 2024   80,756,860        
Beginning balance at Dec. 31, 2024 $ 9,441,354 $ 6,586 7,020,231 1,304 (229,929) 2,643,162
Comprehensive income (net of tax):            
Repurchase of ordinary shares (in shares) (4,504,330)          
Repurchase of ordinary shares $ (750,000)          
Ending balance (in shares) at Dec. 31, 2025 76,567,325 76,567,325        
Ending balance at Dec. 31, 2025 $ 9,193,384 $ 6,305 7,131,956 1,606 (68,534) 2,122,051
Beginning balance (in shares) at Mar. 31, 2025   79,464,252        
Beginning balance at Mar. 31, 2025 9,425,871 $ 6,505 7,037,344 1,389 (173,191) 2,553,824
Comprehensive income (net of tax):            
Net income 203,516         203,516
Currency translation adjustment 104,428       104,428  
Movement on cash flow hedge 0          
Total comprehensive income 307,944          
Exercise of share options (in shares)   17,901        
Exercise of share options 1,734 $ 1 1,733      
Issue of restricted share units and performance share units (in shares)   7,158        
Issue of restricted share units and performance share units 1 $ 1        
Share based compensation expense 15,251   15,251      
Share issuance costs (4)   (4)      
Repurchase of ordinary shares (in shares)   (1,717,181)        
Repurchase of ordinary shares (250,000) $ (117)   117   (250,000)
Share repurchase costs (150)         (150)
Ending balance (in shares) at Jun. 30, 2025   77,772,130        
Ending balance at Jun. 30, 2025 $ 9,500,647 $ 6,390 7,054,324 1,506 (68,763) 2,507,190
Beginning balance (in shares) at Dec. 31, 2025 76,567,325 76,567,325        
Beginning balance at Dec. 31, 2025 $ 9,193,384 $ 6,305 7,131,956 1,606 (68,534) 2,122,051
Comprehensive income (net of tax):            
Net income 104,751         104,751
Currency translation adjustment (26,495)       (26,495)  
Total comprehensive income 78,256          
Exercise of share options (in shares)   10,174        
Exercise of share options 1,086 $ 1 1,085      
Issue of restricted share units and performance share units (in shares)   24,039        
Issue of restricted share units and performance share units 1 $ 1        
Share based compensation expense 27,574   27,574      
Share issuance costs (5)   (5)      
Ending balance (in shares) at Mar. 31, 2026   76,601,538        
Ending balance at Mar. 31, 2026 $ 9,300,296 $ 6,307 7,160,610 1,606 (95,029) 2,226,802
Beginning balance (in shares) at Dec. 31, 2025 76,567,325 76,567,325        
Beginning balance at Dec. 31, 2025 $ 9,193,384 $ 6,305 7,131,956 1,606 (68,534) 2,122,051
Comprehensive income (net of tax):            
Net income 177,333          
Currency translation adjustment (41,286)          
Movement on cash flow hedge 0          
Total comprehensive income $ 136,047          
Repurchase of ordinary shares (in shares) 0          
Ending balance (in shares) at Jun. 30, 2026 77,154,209 77,154,209        
Ending balance at Jun. 30, 2026 $ 9,378,162 $ 6,346 7,180,646 1,606 (109,820) 2,299,384
Beginning balance (in shares) at Mar. 31, 2026   76,601,538        
Beginning balance at Mar. 31, 2026 9,300,296 $ 6,307 7,160,610 1,606 (95,029) 2,226,802
Comprehensive income (net of tax):            
Net income 72,582         72,582
Currency translation adjustment (14,791)       (14,791)  
Movement on cash flow hedge 0          
Total comprehensive income 57,791          
Exercise of share options (in shares)   12,519        
Exercise of share options 1,585 $ 1 1,584      
Issue of restricted share units and performance share units (in shares)   540,152        
Issue of restricted share units and performance share units 38 $ 38        
Share based compensation expense 18,456   18,456      
Share issuance costs $ (4)   (4)      
Ending balance (in shares) at Jun. 30, 2026 77,154,209 77,154,209        
Ending balance at Jun. 30, 2026 $ 9,378,162 $ 6,346 $ 7,180,646 $ 1,606 $ (109,820) $ 2,299,384