v3.26.1
Segment Data (Tables)
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Summarized Financial Information by Segment
The following tables present financial information for each reportable segment including segment revenue, significant segment expenses, Adjusted EBITDA and related reconciliations (in millions):
Three Months Ended June 30, 2026
AmericasEMEAAPACTotal
Revenue$1,997.8 $295.1 $469.7 $2,762.6 
Less:
Gross contract costs
882.5 52.0 192.2 1,126.7 
Direct employment costs714.7 110.6 114.2 939.5 
Other direct costs47.5 42.0 94.9 184.4 
Indirect and overhead employment costs126.8 33.2 35.8 195.8 
Other indirect and overhead costs105.0 30.9 17.6 153.5 
Add: Other segment items(1)
14.7 1.6 4.6 20.9 
Adjusted EBITDA$136.0 $28.0 $19.6 $183.6 
Three Months Ended June 30, 2025
AmericasEMEAAPACTotal
Revenue$1,804.1 $259.8 $420.0 $2,483.9 
Less:
Gross contract costs
818.2 37.5 175.7 1,031.4 
Direct employment costs615.1 99.7 105.4 820.2 
Other direct costs60.8 34.3 69.9 165.0 
Indirect and overhead employment costs120.5 30.0 31.7 182.2 
Other indirect and overhead costs92.1 17.6 26.4 136.1 
Add: Other segment items(1)
12.9 (6.5)6.3 12.7 
Adjusted EBITDA$110.3 $34.2 $17.2 $161.7 
Six Months Ended June 30, 2026
AmericasEMEAAPACTotal
Revenue$3,826.8 $565.2 $906.4 $5,298.4 
Less:
Gross contract costs
$1,737.9 $105.0 $373.5 $2,216.4 
Direct employment costs1,337.7 217.7 224.4 1,779.8 
Other direct costs101.5 81.8 186.2 369.5 
Indirect and overhead employment costs249.1 67.3 67.9 384.3 
Other indirect and overhead costs201.3 62.1 38.4 301.8 
Add: Other segment items(1)
33.0 5.5 9.8 48.3 
Adjusted EBITDA$232.3 $36.8 $25.8 $294.9 
Six Months Ended June 30, 2025
AmericasEMEAAPACTotal
Revenue$3,492.5 $464.7 $811.3 $4,768.5 
Less:
Gross contract costs
$1,626.8 $71.4 $312.9 $2,011.1 
Direct employment costs1,171.3 191.6 204.2 1,567.1 
Other direct costs106.3 58.4 174.0 338.7 
Indirect and overhead employment costs238.0 58.1 60.0 356.1 
Other indirect and overhead costs186.1 41.7 40.2 268.0 
Add: Other segment items(1)
23.9 (5.6)12.1 30.4 
Adjusted EBITDA$187.9 $37.9 $32.1 $257.9 
(1) Other segment items in the tables above include, for each reportable segment, earnings (loss) from equity method investments, as well as certain non-GAAP adjustments for unusual, non-recurring or non-operating items used to calculate Adjusted EBITDA. See reconciliation of Net income to Adjusted EBITDA below.
Schedule of Net Income to Adjusted EBITDA
The following table includes a reconciliation of Net income to Adjusted EBITDA (in millions):
Three Months Ended June 30,Six Months Ended June 30,
2026202520262025
Net income$52.7 $57.3 $40.1 $59.2 
Adjustments:
Depreciation and amortization28.5 26.2 53.8 52.9 
Interest expense, net of interest income59.6 53.2 108.7 105.5 
Provision for income taxes24.6 18.9 27.6 22.0 
Unrealized loss (gain) on investments, net3.1 (0.3)4.2 0.4 
Impairment of investments— — — 6.5 
Servicing liability, fees and amortization(0.4)— 10.8 — 
Pension buy-out settlement loss0.6 — 17.2 — 
Non-operating items related to the Greystone JV10.6 10.6 23.5 10.6 
Other4.3 (4.2)9.0 0.8 
Adjusted EBITDA$183.6 $161.7 $294.9 $257.9