| Schedule of Segment Reporting Information, by Segment |
The following table presents segment revenue, segment expenses and segment operating income for our reportable segments for the three months ended September 30, 2026 and 2025.
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
|
HWC |
|
|
R&B |
|
|
Total |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Segment revenue excluding interest income |
|
$ |
1,343 |
|
|
$ |
1,253 |
|
|
$ |
1,061 |
|
|
$ |
979 |
|
|
$ |
2,404 |
|
|
$ |
2,232 |
|
Interest income |
|
|
7 |
|
|
|
8 |
|
|
|
26 |
|
|
|
28 |
|
|
|
33 |
|
|
|
36 |
|
Total segment revenue |
|
|
1,350 |
|
|
|
1,261 |
|
|
|
1,087 |
|
|
|
1,007 |
|
|
|
2,437 |
|
|
|
2,268 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other segment expense |
|
|
921 |
|
|
|
869 |
|
|
|
861 |
|
|
|
808 |
|
|
|
1,782 |
|
|
|
1,677 |
|
Depreciation |
|
|
31 |
|
|
|
31 |
|
|
|
10 |
|
|
|
10 |
|
|
|
41 |
|
|
|
41 |
|
Total segment expense |
|
|
952 |
|
|
|
900 |
|
|
|
871 |
|
|
|
818 |
|
|
|
1,823 |
|
|
|
1,718 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment operating income |
|
$ |
398 |
|
|
$ |
361 |
|
|
$ |
216 |
|
|
$ |
189 |
|
|
$ |
614 |
|
|
$ |
550 |
|
The following table presents segment revenue, segment expenses and segment operating income for our reportable segments for the nine months ended September 30, 2026 and 2025.
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended September 30, |
|
|
|
HWC |
|
|
R&B |
|
|
Total |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Segment revenue excluding interest income |
|
$ |
3,863 |
|
|
$ |
3,584 |
|
|
$ |
3,292 |
|
|
$ |
3,008 |
|
|
$ |
7,155 |
|
|
$ |
6,592 |
|
Interest income |
|
|
22 |
|
|
|
22 |
|
|
|
75 |
|
|
|
73 |
|
|
|
97 |
|
|
|
95 |
|
Total segment revenue |
|
|
3,885 |
|
|
|
3,606 |
|
|
|
3,367 |
|
|
|
3,081 |
|
|
|
7,252 |
|
|
|
6,687 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other segment expense |
|
|
2,741 |
|
|
|
2,560 |
|
|
|
2,611 |
|
|
|
2,414 |
|
|
|
5,352 |
|
|
|
4,974 |
|
Depreciation |
|
|
94 |
|
|
|
94 |
|
|
|
30 |
|
|
|
30 |
|
|
|
124 |
|
|
|
124 |
|
Total segment expense |
|
|
2,835 |
|
|
|
2,654 |
|
|
|
2,641 |
|
|
|
2,444 |
|
|
|
5,476 |
|
|
|
5,098 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment operating income |
|
$ |
1,050 |
|
|
$ |
952 |
|
|
$ |
726 |
|
|
$ |
637 |
|
|
$ |
1,776 |
|
|
$ |
1,589 |
|
|
| Net Operating Income of the Reported Segments |
The following table presents reconciliations of the information reported by segment to the Company’s condensed consolidated statements of comprehensive income amounts reported for the three and nine months ended September 30, 2026 and 2025.
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Three Months Ended
September 30, |
|
|
Nine Months Ended
September 30, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
Total segment revenue |
|
$ |
2,437 |
|
|
$ |
2,268 |
|
|
$ |
7,252 |
|
|
$ |
6,687 |
|
Reimbursable expenses and other |
|
|
23 |
|
|
|
20 |
|
|
|
86 |
|
|
|
85 |
|
Revenue |
|
$ |
2,460 |
|
|
$ |
2,288 |
|
|
$ |
7,338 |
|
|
$ |
6,772 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total segment operating income |
|
$ |
614 |
|
|
$ |
550 |
|
|
$ |
1,776 |
|
|
$ |
1,589 |
|
Amortization |
|
|
(59 |
) |
|
|
(47 |
) |
|
|
(162 |
) |
|
|
(144 |
) |
Restructuring costs (i) |
|
|
(14 |
) |
|
|
— |
|
|
|
(14 |
) |
|
|
— |
|
Transaction and program expenses (ii) |
|
|
(42 |
) |
|
|
(2 |
) |
|
|
(144 |
) |
|
|
(4 |
) |
Unallocated, net (iii) |
|
|
(70 |
) |
|
|
(83 |
) |
|
|
(215 |
) |
|
|
(223 |
) |
Income from operations |
|
|
429 |
|
|
|
418 |
|
|
|
1,241 |
|
|
|
1,218 |
|
Interest expense |
|
|
(80 |
) |
|
|
(65 |
) |
|
|
(235 |
) |
|
|
(194 |
) |
Other income/(loss), net |
|
|
52 |
|
|
|
37 |
|
|
|
63 |
|
|
|
(18 |
) |
Income from operations before income taxes and interest in earnings of associates |
|
$ |
401 |
|
|
$ |
390 |
|
|
$ |
1,069 |
|
|
$ |
1,006 |
|
(i)See Note 6 — AI Acceleration Plan for the composition of costs for 2026. (ii)Primarily includes share-based compensation and other transaction-related costs attributable to our Newfront and Cushon acquisitions (see Note 3 — Acquisitions and Divestitures) and costs associated with the integration of significant acquired companies and the Propel AI Acceleration Plan (see Note 6 – AI Acceleration Plan). (iii)Includes certain costs, primarily related to corporate functions which are not directly related to the segments, and certain differences between budgeted expenses determined at the beginning of the year and actual expenses that we report for U.S. GAAP purposes.
|
| Revenue and Tangible Long-lived Assets by Geographical Areas |
Below are our revenue (on the basis of where the work was performed) and tangible long-lived assets for Ireland, our country of domicile, countries with significant concentrations and all other foreign countries as of and for the periods ended as indicated:
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Revenue |
|
|
Long-Lived Assets (i) |
|
|
|
Three months ended
September 30, |
|
|
Nine months ended
September 30, |
|
|
September 30, |
|
|
December 31, |
|
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
|
2026 |
|
|
2025 |
|
Ireland |
|
$ |
35 |
|
|
$ |
33 |
|
|
$ |
116 |
|
|
$ |
105 |
|
|
$ |
7 |
|
|
$ |
7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
United States |
|
|
1,157 |
|
|
|
999 |
|
|
|
3,273 |
|
|
|
2,977 |
|
|
|
295 |
|
|
|
282 |
|
United Kingdom |
|
|
529 |
|
|
|
539 |
|
|
|
1,580 |
|
|
|
1,499 |
|
|
|
496 |
|
|
|
521 |
|
Rest of World |
|
|
739 |
|
|
|
717 |
|
|
|
2,369 |
|
|
|
2,191 |
|
|
|
341 |
|
|
|
372 |
|
Total Foreign Countries |
|
|
2,425 |
|
|
|
2,255 |
|
|
|
7,222 |
|
|
|
6,667 |
|
|
|
1,132 |
|
|
|
1,175 |
|
|
|
$ |
2,460 |
|
|
$ |
2,288 |
|
|
$ |
7,338 |
|
|
$ |
6,772 |
|
|
$ |
1,139 |
|
|
$ |
1,182 |
|
(i)Tangible long-lived assets consist of fixed assets and right-of-use (‘ROU’) assets.
|