Goodwill and Other Intangibles

6 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

A summary of changes in the Company’s goodwill is as follows (in thousands):


	December 31, 2025		Transferred to Held for Sale1		Dispositions2		Acquisition Accounting Adjustments		Foreign Currency		June 30, 2026





Goodwill	$	7,564,822	$	(194,287)	$	(214,518)	$	2,247	$	(8,286)	$	7,149,978

1 Reflects the reclassification of goodwill assigned to the Maintenance business of our Vehicle Payments segment to held for sale during the second quarter of 2026. See Note 15 for further information.

2 Reflects goodwill derecognized in connection with the disposition of the Company's PayByPhone business in the first quarter of 2026. See Note 15 for further information.

Company's goodwill is presented net of accumulated impairment losses of $90.0 million, all of which were recorded during the year ended December 31, 2024.

As of June 30, 2026 and December 31, 2025, other intangibles consisted of the following (in thousands):


		June 30, 2026						December 31, 2025
	Weighted- Avg Useful Lives (Years)1	Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amounts		Accumulated Amortization		Net Carrying Amount
Customer and vendor relationships	16.0	$	4,345,584	$	(1,976,446)	$	2,369,138	$	4,541,001	$	(1,908,916)	$	2,632,085
Trade names and trademarks—indefinite lived	N/A	423,569		—		423,569		442,814		—		442,814
Trade names and trademarks—other	7.3	89,870		(28,232)		61,638		92,939		(21,403)		71,536
Software	7.5	303,266		(253,723)		49,543		327,925		(259,748)		68,177
Non-compete agreements	3.9	49,721		(33,920)		15,801		51,836		(28,719)		23,117

Total other intangibles		$	5,212,010	$	(2,292,321)	$	2,919,689	$	5,456,515	$	(2,218,786)	$	3,237,729

N/A = Not Applicable
1 The weighted-average useful life calculation excludes fully amortized intangible assets.

Changes in foreign exchange rates resulted in a $13.8 million decrease to the net carrying values of other intangibles in the six months ended June 30, 2026. Amortization expense related to intangible assets for the six months ended June 30, 2026 and 2025 was $161.0 million and $125.3 million, respectively.