CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($)
$ in Thousands |
Total |
Ordinary Shares |
Additional Paid-in Capital |
Other Undenominated Capital |
Accumulated Other Comprehensive Loss |
Retained Earnings |
| Beginning balance (in shares) at Dec. 31, 2024 |
|
80,756,860
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 9,441,354
|
$ 6,586
|
$ 7,020,231
|
$ 1,304
|
$ (229,929)
|
$ 2,643,162
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net income / (loss) |
160,812
|
|
|
|
|
160,812
|
| Currency translation adjustment |
59,158
|
|
|
|
59,158
|
|
| Net change in cash flow hedges |
(2,420)
|
|
|
|
(2,420)
|
|
| Total comprehensive income / (loss) |
217,550
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
40,883
|
|
|
|
|
| Exercise of share options |
4,762
|
$ 3
|
4,759
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
27,046
|
|
|
|
|
| Issue of restricted share units / performance share units |
1
|
$ 1
|
|
|
|
|
| Share-based compensation expense |
12,359
|
|
12,359
|
|
|
|
| Share issuance costs |
(5)
|
|
(5)
|
|
|
|
| Repurchase of ordinary shares (in shares) |
|
(1,360,537)
|
|
|
|
|
| Repurchase of ordinary shares |
(250,000)
|
$ (85)
|
|
85
|
|
(250,000)
|
| Share repurchase costs |
(150)
|
|
|
|
|
(150)
|
| Ending balance (in shares) at Mar. 31, 2025 |
|
79,464,252
|
|
|
|
|
| Ending balance at Mar. 31, 2025 |
9,425,871
|
$ 6,505
|
7,037,344
|
1,389
|
(173,191)
|
2,553,824
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
80,756,860
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
9,441,354
|
$ 6,586
|
7,020,231
|
1,304
|
(229,929)
|
2,643,162
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net income / (loss) |
80,145
|
|
|
|
|
|
| Currency translation adjustment |
145,405
|
|
|
|
|
|
| Net change in cash flow hedges |
(2,420)
|
|
|
|
|
|
| Total comprehensive income / (loss) |
223,130
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
76,359,932
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
8,993,868
|
$ 6,290
|
7,100,059
|
1,606
|
(86,944)
|
1,972,857
|
| Beginning balance (in shares) at Dec. 31, 2024 |
|
80,756,860
|
|
|
|
|
| Beginning balance at Dec. 31, 2024 |
$ 9,441,354
|
$ 6,586
|
7,020,231
|
1,304
|
(229,929)
|
2,643,162
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Repurchase of ordinary shares (in shares) |
(4,504,330)
|
|
|
|
|
|
| Repurchase of ordinary shares |
$ (750,000)
|
|
|
|
|
|
| Ending balance (in shares) at Dec. 31, 2025 |
76,567,325
|
76,567,325
|
|
|
|
|
| Ending balance at Dec. 31, 2025 |
$ 9,193,384
|
$ 6,305
|
7,131,956
|
1,606
|
(68,534)
|
2,122,051
|
| Beginning balance (in shares) at Mar. 31, 2025 |
|
79,464,252
|
|
|
|
|
| Beginning balance at Mar. 31, 2025 |
9,425,871
|
$ 6,505
|
7,037,344
|
1,389
|
(173,191)
|
2,553,824
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net income / (loss) |
203,516
|
|
|
|
|
203,516
|
| Currency translation adjustment |
104,428
|
|
|
|
104,428
|
|
| Total comprehensive income / (loss) |
307,944
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
17,901
|
|
|
|
|
| Exercise of share options |
1,734
|
$ 1
|
1,733
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
7,158
|
|
|
|
|
| Issue of restricted share units / performance share units |
1
|
$ 1
|
|
|
|
|
| Share-based compensation expense |
15,251
|
|
15,251
|
|
|
|
| Share issuance costs |
(4)
|
|
(4)
|
|
|
|
| Repurchase of ordinary shares (in shares) |
|
(1,717,181)
|
|
|
|
|
| Repurchase of ordinary shares |
(250,000)
|
$ (117)
|
|
117
|
|
(250,000)
|
| Share repurchase costs |
(150)
|
|
|
|
|
(150)
|
| Ending balance (in shares) at Jun. 30, 2025 |
|
77,772,130
|
|
|
|
|
| Ending balance at Jun. 30, 2025 |
9,500,647
|
$ 6,390
|
7,054,324
|
1,506
|
(68,763)
|
2,507,190
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net income / (loss) |
(284,183)
|
|
|
|
|
(284,183)
|
| Currency translation adjustment |
(18,181)
|
|
|
|
(18,181)
|
|
| Net change in cash flow hedges |
0
|
|
|
|
|
|
| Total comprehensive income / (loss) |
(302,364)
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
7,110
|
|
|
|
|
| Exercise of share options |
821
|
|
821
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
7,304
|
|
|
|
|
| Issue of restricted share units / performance share units |
0
|
|
|
|
|
|
| Share-based compensation expense |
44,919
|
|
44,919
|
|
|
|
| Share issuance costs |
(5)
|
|
(5)
|
|
|
|
| Repurchase of ordinary shares (in shares) |
|
(1,426,612)
|
|
|
|
|
| Repurchase of ordinary shares |
(250,000)
|
$ (100)
|
|
100
|
|
(250,000)
|
| Share repurchase costs |
(150)
|
|
|
|
|
(150)
|
| Ending balance (in shares) at Sep. 30, 2025 |
|
76,359,932
|
|
|
|
|
| Ending balance at Sep. 30, 2025 |
$ 8,993,868
|
$ 6,290
|
7,100,059
|
1,606
|
(86,944)
|
1,972,857
|
| Beginning balance (in shares) at Dec. 31, 2025 |
76,567,325
|
76,567,325
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 9,193,384
|
$ 6,305
|
7,131,956
|
1,606
|
(68,534)
|
2,122,051
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net income / (loss) |
104,751
|
|
|
|
|
104,751
|
| Currency translation adjustment |
(26,495)
|
|
|
|
(26,495)
|
|
| Total comprehensive income / (loss) |
78,256
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
10,174
|
|
|
|
|
| Exercise of share options |
1,086
|
$ 1
|
1,085
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
24,039
|
|
|
|
|
| Issue of restricted share units / performance share units |
1
|
$ 1
|
|
|
|
|
| Share-based compensation expense |
27,574
|
|
27,574
|
|
|
|
| Share issuance costs |
(5)
|
|
(5)
|
|
|
|
| Ending balance (in shares) at Mar. 31, 2026 |
|
76,601,538
|
|
|
|
|
| Ending balance at Mar. 31, 2026 |
$ 9,300,296
|
$ 6,307
|
7,160,610
|
1,606
|
(95,029)
|
2,226,802
|
| Beginning balance (in shares) at Dec. 31, 2025 |
76,567,325
|
76,567,325
|
|
|
|
|
| Beginning balance at Dec. 31, 2025 |
$ 9,193,384
|
$ 6,305
|
7,131,956
|
1,606
|
(68,534)
|
2,122,051
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net income / (loss) |
299,463
|
|
|
|
|
|
| Currency translation adjustment |
(40,993)
|
|
|
|
|
|
| Net change in cash flow hedges |
(825)
|
|
|
|
|
|
| Total comprehensive income / (loss) |
$ 257,645
|
|
|
|
|
|
| Repurchase of ordinary shares (in shares) |
(2,359,703)
|
|
|
|
|
|
| Ending balance (in shares) at Sep. 30, 2026 |
74,916,724
|
74,916,724
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 9,127,319
|
$ 6,189
|
7,208,291
|
1,771
|
(110,352)
|
2,021,420
|
| Beginning balance (in shares) at Mar. 31, 2026 |
|
76,601,538
|
|
|
|
|
| Beginning balance at Mar. 31, 2026 |
9,300,296
|
$ 6,307
|
7,160,610
|
1,606
|
(95,029)
|
2,226,802
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net income / (loss) |
72,582
|
|
|
|
|
72,582
|
| Currency translation adjustment |
(14,791)
|
|
|
|
(14,791)
|
|
| Total comprehensive income / (loss) |
57,791
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
12,519
|
|
|
|
|
| Exercise of share options |
1,585
|
$ 1
|
1,584
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
540,152
|
|
|
|
|
| Issue of restricted share units / performance share units |
38
|
$ 38
|
|
|
|
|
| Share-based compensation expense |
18,456
|
|
18,456
|
|
|
|
| Share issuance costs |
(4)
|
|
(4)
|
|
|
|
| Ending balance (in shares) at Jun. 30, 2026 |
|
77,154,209
|
|
|
|
|
| Ending balance at Jun. 30, 2026 |
9,378,162
|
$ 6,346
|
7,180,646
|
1,606
|
(109,820)
|
2,299,384
|
| Comprehensive income (net of tax): |
|
|
|
|
|
|
| Net income / (loss) |
122,130
|
|
|
|
|
122,130
|
| Currency translation adjustment |
293
|
|
|
|
293
|
|
| Net change in cash flow hedges |
(825)
|
|
|
|
(825)
|
|
| Total comprehensive income / (loss) |
121,598
|
|
|
|
|
|
| Exercise of share options (in shares) |
|
84,252
|
|
|
|
|
| Exercise of share options |
10,367
|
$ 5
|
10,362
|
|
|
|
| Issue of restricted share units / performance share units (in shares) |
|
37,966
|
|
|
|
|
| Issue of restricted share units / performance share units |
3
|
$ 3
|
|
|
|
|
| Share-based compensation expense |
17,289
|
|
17,289
|
|
|
|
| Share issuance costs |
$ (6)
|
|
(6)
|
|
|
|
| Repurchase of ordinary shares (in shares) |
(2,359,703)
|
(2,359,703)
|
|
|
|
|
| Repurchase of ordinary shares |
$ (400,000)
|
$ (165)
|
|
165
|
|
(400,000)
|
| Share repurchase costs |
$ (94)
|
|
|
|
|
(94)
|
| Ending balance (in shares) at Sep. 30, 2026 |
74,916,724
|
74,916,724
|
|
|
|
|
| Ending balance at Sep. 30, 2026 |
$ 9,127,319
|
$ 6,189
|
$ 7,208,291
|
$ 1,771
|
$ (110,352)
|
$ 2,021,420
|