v3.26.1
Segments - Segments Results (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Revenues $ 1,013.2 $ 1,026.1 $ 1,995.9 $ 2,009.7
Expenses:        
Total segment operating income 132.1 192.7 255.1 370.1
Operating Segments        
Revenues:        
Revenues 1,013.2 1,026.1 1,995.9 2,009.7
Expenses:        
Direct transactional expenses [1] 466.3 450.2 915.4 882.5
Depreciation and amortization [2] 32.8 29.3 65.3 59.7
Other segment items [3] 365.1 347.3 739.5 681.8
Total segment operating income 149.0 199.3 275.7 385.7
Operating Segments | Consumer Money Transfer        
Revenues:        
Revenues 866.1 885.0 1,711.5 1,757.9
Expenses:        
Direct transactional expenses [1] 425.9 413.8 837.3 817.7
Depreciation and amortization [2] 26.7 23.9 53.3 49.3
Other segment items [3] 287.8 279.6 584.7 563.9
Total segment operating income 125.7 167.7 236.2 327.0
Operating Segments | Consumer services        
Revenues:        
Revenues 147.1 141.1 284.4 251.8
Expenses:        
Direct transactional expenses [1] 40.4 36.4 78.1 64.8
Depreciation and amortization [2] 6.1 5.4 12.0 10.4
Other segment items [3] 77.3 67.7 154.8 117.9
Total segment operating income 23.3 31.6 39.5 58.7
Not Allocated To Segments        
Expenses:        
Severance costs [4] (8.9) (3.5) (8.4) (9.9)
Acquisition, separation, and integration costs [5] (4.8) (1.4) (6.9) (3.0)
Amortization and impairment of acquisition-related intangible assets [6] (2.4) (0.9) (3.6) (1.1)
Russia termination costs [7] $ (0.8) $ (0.8) $ (1.7) $ (1.6)
[1] Direct transactional expenses include commissions to agents, bank fees, credit and non-credit losses, and other variable expenses.
[2] Depreciation and amortization excludes amortization of capitalized contract costs paid to agents and partners, as this amortization is recorded as commissions to agents and partners and is therefore included in direct transactional expenses. Amortization of capitalized contract costs included within direct transactional expenses in the Consumer Money Transfer segment was $14.1 million and $10.9 million for the three months ended June 30, 2026 and 2025, respectively, and $27.1 million and $22.4 million for the six months ended June 30, 2026 and 2025, respectively.
[3] Other segment items primarily consists of salaries and benefits, professional services, equipment and software expenses, advertising costs, and lease and facilities costs.
[4] Represents severance costs not related to acquisition, separation, and integration activities, which have been excluded from the segments as the CODM excludes severance in making operating decisions, including allocating resources to the Company’s segments.
[5] Represents the impact from expenses incurred in connection with the Company’s acquisition and divestiture activity, including for the review and closing of these transactions, and integration costs directly related to the Company’s acquisitions, such as severance and consulting costs.
[6] Represents the non-cash amortization of acquired intangible assets in connection with recent business acquisitions.
[7] Represents the costs associated with operating the Company’s Russian entity. While the Company had previously made a decision to suspend its operations in Russia, in the third quarter of 2024, the Company decided to pursue either liquidating or selling the Russian assets. During 2025, the Company signed a definitive sale agreement, as amended, which is subject to regulatory approvals.