v3.26.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities    
Net income $ 320.3 $ 219.8
Adjustments to reconcile net income to net cash (used for) provided by operating activities:    
Stock-based compensation 107.0 77.8
Depreciation and amortization 249.6 249.2
Provision for credit losses 85.5 57.9
Other non-cash adjustments 16.8 34.6
Net change in operating assets and liabilities (1,198.8) (479.8)
Net cash (used for) provided by operating activities (419.6) 159.6
Cash flows from investing activities    
Purchases of property, equipment and capitalized software (128.0) (102.2)
Purchases of equity securities and other investments (26.8) (11.7)
Purchases of available-for-sale debt securities (1,128.4) (923.6)
Sales and maturities of available-for-sale debt securities 551.9 653.4
Acquisition of intangible assets 0.0 (14.5)
Other investing activities (0.4) 4.4
Net cash used for investing activities (731.8) (394.3)
Cash flows from financing activities    
Repurchases of common stock (267.4) (799.8)
Net change in deposits 758.1 697.6
Net change in restricted cash payable (185.7) (215.6)
Borrowings on revolving credit facility 9,221.9 7,969.7
Repayments on revolving credit facility (9,255.3) (8,273.5)
Borrowings on term loans 0.0 447.8
Repayments on term loans (47.6) (46.4)
Proceeds from issuance of Senior Notes 0.0 550.0
Advances from the FHLB 20,751.0 11,524.0
Repayments to the FHLB (20,431.0) (11,519.0)
Net change in borrowed federal funds 195.0 0.0
Net borrowings (repayments) on other debt 21.5 (1.9)
Payments of deferred and contingent consideration (80.7) (76.7)
Other financing activities (19.2) (39.3)
Net cash provided by financing activities 660.6 216.8
Effect of exchange rates on cash, cash equivalents and restricted cash (13.6) 62.3
Net change in cash, cash equivalents and restricted cash (504.3) 44.4
Cash, cash equivalents and restricted cash, beginning of period 1,678.4 1,437.0
Cash, cash equivalents and restricted cash, end of period $ 1,174.1 $ 1,481.5