v3.26.1
Stock Based Compensation (Tables)
6 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Schedule of Stock-Based Compensation Expense Recognized

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):

 

 

Three Months Ended June 30,

 

 

Six Months Ended June 30,

 

Condensed Consolidated Statements of Comprehensive Income Classification

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Cost of technology-enabled services

 

$

22.8

 

 

$

21.2

 

 

$

43.5

 

 

$

38.6

 

Cost of license, maintenance and other related

 

 

2.0

 

 

 

2.3

 

 

 

3.7

 

 

 

4.5

 

Total cost of revenues

 

 

24.8

 

 

 

23.5

 

 

 

47.2

 

 

 

43.1

 

Selling and marketing

 

 

13.4

 

 

 

10.1

 

 

 

27.8

 

 

 

19.2

 

Research and development

 

 

9.5

 

 

 

8.5

 

 

 

19.2

 

 

 

16.1

 

General and administrative

 

 

14.3

 

 

 

18.1

 

 

 

29.5

 

 

 

34.5

 

Total operating expenses

 

 

37.2

 

 

 

36.7

 

 

 

76.5

 

 

 

69.8

 

Total stock-based compensation expense

 

$

62.0

 

 

$

60.2

 

 

$

123.7

 

 

$

112.9

 

Summary of Stock Option and Stock Appreciation Rights ("SARs") Restricted Stock Units ("RSUs") and Performance Stock Units ("PSU") Activity

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):

 

 

Stock Options

 

 

PSUs and RSUs

 

 

Outstanding at December 31, 2025

 

 

24.3

 

 

 

5.0

 

 

Granted

 

 

2.1

 

 

 

3.2

 

 

Cancelled/forfeited

 

 

(0.3

)

 

 

(0.2

)

 

Exercised

 

 

(0.6

)

 

n/a

 

 

Vested

 

n/a

 

 

 

(2.0

)

 

Outstanding at June 30, 2026

 

 

25.5

 

 

 

6.0