v3.26.1
Revenue (Contract Liabilities, Additional Information Narrative) (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]    
Contract with Customer, Liability, Change in Timeframe, Performance Obligation Satisfied, Revenue Recognized $ 273.7 $ 252.9
Revenue Revenue
Disaggregation of Revenue

The following table presents our revenue disaggregated by revenue type:
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 

Contract Liabilities

Our contract liabilities represent deferred revenue. We record deferred revenue when a contract requires a customer to be billed in advance. 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 

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 

Remaining Performance Obligations

Remaining performance obligations include both amounts recorded as deferred revenue in our Consolidated Balance Sheets as of March 31, 2026 as well as amounts not yet invoiced to customers as of March 31, 2026, largely reflecting future revenue related to signed multi-year arrangements. As of March 31, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1.7 billion. We expect to recognize into revenue 58% of this balance during the remainder of 2026, 25% of this balance in 2027, 11% of this balance in 2028, and the remaining amount thereafter.

The percentages in the prior paragraph exclude variable consideration for unsatisfied performance obligations related to certain of our license-based, asset-based, and transaction-based contracts as we apply the optional exemption available under FASB ASC Topic 606. These performance obligations are expected to be satisfied over the next one to three years. Variable consideration for these contracts cannot be reasonably estimated because it depends on factors such as future user licenses, changes in the underlying asset values, or the number of internet advertising impressions in any given period, which are only known as services are performed.

The percentages above also exclude unsatisfied performance obligations for certain license-based contracts with durations of one year or less as we apply the optional exemption under FASB ASC Topic 606. For certain license-based contracts, the remaining performance obligations are expected to be less than one year based on the subscription terms or the existence of cancellation terms that may be exercised causing the contract term to be less than one year from March 31, 2026.
Contract Assets

Our contract assets represent accounts receivable, less allowance for credit losses, and 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