CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Operating revenues: | ||||
| Operating revenues | $ 574,393 | $ 482,675 | $ 1,203,398 | $ 1,019,920 |
| Interest income, net | 21,490 | 21,501 | 48,732 | 43,130 |
| Total operating revenues | 595,883 | 504,176 | 1,252,130 | 1,063,050 |
| Operating expenses: | ||||
| Sales and marketing expenses | 49,359 | 50,159 | 108,672 | 109,847 |
| Compensation and benefits expenses | 59,003 | 63,847 | 118,774 | 130,061 |
| Processing expenses | 394,692 | 293,213 | 769,286 | 578,530 |
| Other general and administrative expenses | 93,494 | 83,558 | 186,943 | 170,468 |
| Restructuring and other charges | 96 | 0 | 178 | 0 |
| Total operating expenses | 596,644 | 490,777 | 1,183,853 | 988,906 |
| Operating (loss) income | (761) | 13,399 | 68,277 | 74,144 |
| Interest expense, net | 1,581 | 1,631 | 3,157 | 3,017 |
| Other (expense) income, net | (13) | (74,691) | 164 | (100,395) |
| (Loss) income before income taxes | (2,355) | (62,923) | 65,284 | (29,268) |
| Income tax (benefit) expense | (268) | (15,898) | 13,618 | (8,016) |
| Net (loss) income | $ (2,087) | $ (47,025) | $ 51,666 | $ (21,252) |
| Basic (loss) earnings per common share (in USD per share) | $ (0.04) | $ (0.85) | $ 0.92 | $ (0.39) |
| Diluted (loss) earnings per common share (in USD per share) | $ (0.04) | $ (0.85) | $ 0.89 | $ (0.39) |
| Basic weighted-average common shares issued and outstanding (in shares) | 56,765 | 55,127 | 56,257 | 54,746 |
| Diluted weighted-average common shares issued and outstanding (in shares) | 56,765 | 55,127 | 58,043 | 54,746 |
| Card revenues and other fees | ||||
| Operating revenues: | ||||
| Operating revenues | $ 476,904 | $ 381,224 | $ 925,579 | $ 757,177 |
| Cash processing revenues | ||||
| Operating revenues: | ||||
| Operating revenues | 53,303 | 54,484 | 189,674 | 167,857 |
| Interchange revenues | ||||
| Operating revenues: | ||||
| Operating revenues | $ 44,186 | $ 46,967 | $ 88,145 | $ 94,886 |
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- Definition The amount of expense in the period for communications and data processing expense. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The earnings attributable to each security on the basis that all of the earnings for the period had been distributed (to the extent that each security may share in earnings). This is the earnings amount which reflects the participation rights in undistributed earnings of each security. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The earnings attributable to each security on the basis that all of the earnings for the period had been distributed (to the extent that each security may share in earnings). This is the earnings amount which reflects the participation rights in undistributed earnings of each security, after giving effect to all dilutive potential common shares outstanding during the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as nonoperating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of expense for salary, wage, profit sharing; incentive and equity-based compensation; and other employee benefit. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expenses associated with exit or disposal activities pursuant to an authorized plan. Excludes expenses related to a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue that is not accounted for under Topic 606. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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