Note 10—Stock-based Compensation Stock options, PSUs and RSUs The amount of stock-based compensation expense recognized in our unaudited Condensed Consolidated Statements of Comprehensive Income for the three and six months ended June 30, 2026 and 2025 was as follows (in millions):
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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Condensed Consolidated Statements of Comprehensive Income Classification |
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2026 |
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2025 |
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2026 |
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2025 |
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Cost of technology-enabled services |
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$ |
22.8 |
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$ |
21.2 |
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$ |
43.5 |
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$ |
38.6 |
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Cost of license, maintenance and other related |
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2.0 |
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2.3 |
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3.7 |
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4.5 |
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Total cost of revenues |
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24.8 |
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23.5 |
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47.2 |
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43.1 |
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Selling and marketing |
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13.4 |
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10.1 |
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27.8 |
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19.2 |
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Research and development |
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9.5 |
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8.5 |
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19.2 |
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16.1 |
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General and administrative |
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14.3 |
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18.1 |
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29.5 |
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34.5 |
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Total operating expenses |
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37.2 |
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36.7 |
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76.5 |
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69.8 |
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Total stock-based compensation expense |
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$ |
62.0 |
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$ |
60.2 |
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$ |
123.7 |
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$ |
112.9 |
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The following table summarizes stock options, performance stock units (“PSUs”) and restricted stock units (“RSUs”) activity, for the six months ended June 30, 2026 (shares in millions):
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Stock Options |
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PSUs and RSUs |
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Outstanding at December 31, 2025 |
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24.3 |
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5.0 |
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Granted |
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2.1 |
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3.2 |
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Cancelled/forfeited |
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(0.3 |
) |
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(0.2 |
) |
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Exercised |
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(0.6 |
) |
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n/a |
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Vested |
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n/a |
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(2.0 |
) |
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Outstanding at June 30, 2026 |
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25.5 |
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6.0 |
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