v3.26.1
Goodwill and intangible assets
6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and intangible assets Goodwill and intangible assets
The following table presents the changes in goodwill for the six months ended June 30, 2026 and year ended December 31, 2025:
For the six months ended June 30, 2026For the year ended December 31, 2025
Opening balance$1,781,116 $1,669,769 
Goodwill relating to acquisitions consummated during the period111,925 
Impact of measurement period adjustments346 
Effect of exchange rate fluctuations(12,254)(924)
Closing balance$1,768,862 $1,781,116 
The following table presents the changes in goodwill by reporting unit for the six months ended June 30, 2026:
Financial ServicesConsumer and HealthcareHigh Tech and ManufacturingTotal
Opening balance$411,428 $676,484 $693,204 $1,781,116 
Effect of exchange rate fluctuations(2,781)(4,585)(4,888)(12,254)
Closing balance$408,647 $671,899 $688,316 $1,768,862 
The following table presents the changes in goodwill by reporting unit for the year ended December 31, 2025: 
Financial ServicesConsumer and HealthcareHigh Tech and ManufacturingTotal
Opening balance$404,997 $587,797 $676,975 $1,669,769 
Goodwill relating to acquisitions consummated during the period6,132 88,519 17,274 111,925 
Impact of measurement period adjustments19 274 53 346 
Effect of exchange rate fluctuations280 (106)(1,098)(924)
Closing balance$411,428 $676,484 $693,204 $1,781,116 
The total amount of the Company's goodwill deductible for income tax purposes was $196,284 and $210,585 as of June 30, 2026 and December 31, 2025, respectively.
The Company’s intangible assets are as follows:
As of June 30, 2026As of December 31, 2025
Gross 
carrying amount
Accumulated amortization 
& Impairment
NetGross 
carrying amount
Accumulated amortization 
& Impairment
Net
Customer-related intangible assets$510,856 $462,760 $48,096 $513,977 $459,682 $54,295 
Marketing-related intangible assets102,153 102,153 — 102,233 102,208 25 
Technology-related intangible assets158,807 133,630 25,177 141,659 128,939 12,720 
$771,816 $698,543 $73,273 $757,869 $690,829 $67,040 
Amortization expenses for intangible assets acquired as part of a business combination and disclosed in the consolidated statements of income under amortization of acquired intangible assets for the three months ended June 30, 2026 and 2025 were $3,287 and $4,317, respectively, and for the six months ended June 30, 2026 and 2025 were $6,399 and $8,637, respectively.
9. Goodwill and intangible assets (Continued)
Amortization expenses for internally-developed and other intangible assets disclosed in the consolidated statements of income under cost of revenue and selling, general and administrative expenses for the three months ended June 30, 2026 and 2025 were $2,286 and $700, respectively, and for the six months ended June 30, 2026 and 2025 were $4,070 and $1,318, respectively.