v3.26.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
Three months ended March 31,
(in millions)20262025
License-based $444.9 $418.0 
Asset-based95.1 85.7 
Transaction-based104.8 78.2 
Consolidated revenue$644.8 $581.9 
Summary of Contract Assets and Change in Deferred Commissions
The following table summarizes our contract assets balance:

(in millions)As of March 31, 2026As of December 31, 2025
Accounts receivable, less allowance for credit losses$402.6 $390.4 
Deferred commissions66.3 65.5 
Total contract assets$468.9 $455.9 
Contract with Customer, Receivable
The following table presents revenue recognized that was included in the deferred revenue balance at the beginning of the period:
Three months ended March 31,
(in millions)20262025
Revenue recognized that was included in opening deferred revenue$273.7 $252.9 
Contract with Customer, Liability The following table summarizes our contract liabilities balance:
(in millions)As of March 31, 2026As of December 31, 2025
Deferred revenue (current)$669.3 $586.1 
Deferred revenue (non-current)21.3 21.0 
Total contract liabilities$690.6 $607.1