Financial Analysis

Long-Term Debt On July 21, 2022, the Company entered into a five-year unsecured credit facility (the Credit Agreement) among Roper, the financial institutions from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A. and Wells Fargo Bank, N.A., as syndication agents, and Mizuho Bank, Ltd., MUFG Bank, Ltd., PNC Bank, National Association, TD Bank, N.A., Truist Bank, and U.S. Bank, National Association, as documentation agents, which replaced the previous $3,000.0 unsecured credit facility, dated as of September 2, 2020, as amended. The Credit Agreement comprises a five-year $3,500.0 revolving credit facility, which includes availability of up to $150.0 for letters of credit. The Company may also, subject to compliance with specified conditions, request additional term loans or revolving credit commitments in an aggregate amount not to exceed $500.0. Loans under the Credit Agreement can be borrowed as term Secured Overnight Financing Rate (SOFR) loans or Alternate Base Rate (ABR) Loans, at the Companys option. Each term SOFR loan will bear interest at a rate per annum equal to the applicable Adjusted Term SOFR rate plus a spread ranging from 0.795% to 1.300%, as determined by the Companys senior unsecured long-term debt rating at such time. Based on the Companys current rating, the spread for SOFR loans would be 0.910%. Each ABR Loan will bear interest at a rate per annum equal to the Alternate Base Rate plus a spread ranging fro …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

See details in the tables below: Year ended December 31, 2025 Revenue stream Application Software Network Software Technology Enabled Products Total Software related Recurring $ 3,282.2 $ 1,154.6 $ 46.1 $ 4,482.9 Reoccurring 522.6 310.5 833.1 Non-recurring 678.2 135.7 813.9 Total Software Revenue 4,483.0 1,600.8 46.1 6,129.9 Product Revenue 1,772.6 1,772.6 Total Revenue $ 4,483.0 $ 1,600.8 $ 1,818.7 $ 7,902.5 Year ended December 31, 2024 Revenue stream Application Software Network Software Technology Enabled Products Total Software related Recurring $ 2,880.0 $ 1,070.1 $ 26.1 $ 3,976.2 Reoccurring 353.9 270.3 624.2 Non-recurring 634.4 135.2 769.6 Total Software Revenue 3,868.3 1,475.6 26.1 5,370.0 Product Revenue 1,669.2 1,669.2 Total Revenue $ 3,868.3 $ 1,475.6 $ 1,695.3 $ 7,039.2 Year ended December 31, 2023 Revenue stream Application Software Network Software Technology Enabled Products Total Software related Recurring $ 2,454.3 $ 1,039.5 $ 17.3 $ 3,511.1 Reoccurring 137.8 263.4 401.2 Non-recurring 594.8 136.5 1.5 732.8 Total Software Revenue 3,186.9 1,439.4 18.8 4,645.1 Product Revenue 1,532.7 1,532.7 Total Revenue $ 3,186.9 $ 1,439.4 $ 1,551.5 $ 6,177.8 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation The Roper Technologies, Inc. 2021 Incentive Plan (2021 Plan) is a stock-based compensation plan used to grant incentive stock options, nonqualified stock options, restricted stock and restricted stock units (collectively restricted stock awards), stock appreciation rights, or equivalent instruments to Ropers employees, officers, directors, and consultants. The 2021 Plan was approved by shareholders at the Annual Meeting of Shareholders on June 14, 2021. The 2021 Plan replaces the Roper Technologies, Inc. 2016 Incentive Plan, as amended (2016 Plan), and no additional grants will be made from the 2016 Plan. At December 31, 2025, 4.293 shares were available to grant under the 2021 Plan. Under the Roper Technologies, Inc. Employee Stock Purchase Plan, as amended and restated (ESPP), employees in the U.S. and Canada are allowed to designate up to 10% of eligible earnings to purchase Ropers common stock at a 10% discount on the lower of the closing price of the stock on the first and last day of each quarterly offering period. Common stock sold to employees pursuant to the ESPP may be either treasury stock, stock purchased on the open market, or newly issued shares. Stock-based compensation expense is not allocated to our reportable segments, which are described further in Note 14. Stock-based compensation expense for the years ended December 31, 2025, 2024, and 2023, included as a component of Selling, general and administrative expenses, was as follows: 2 …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Financial assets and liabilities are valued using market prices on active markets (Level 1), less active markets (Level 2), and little or no market activity (Level 3). Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets. Level 2 instrument valuations are obtained from readily available pricing sources for comparable instruments, identical instruments in less active markets, or models using market observable inputs. Level 3 instrument valuations typically reflect managements estimate of assumptions that market participants would use in pricing the asset or liability. Debt As of December 31, 2025 and 2024, the total estimated fair value of Ropers fixed-rate senior notes was $8,287.4 and $7,005.2, respectively. The fair values of the senior notes are based on the trading prices of each series of notes, which the Company has determined to be Level 2 in the FASB fair value hierarchy. Indicor Equity Investment In November 2022, Roper completed the divestiture of a majority 51% equity stake in Indicor to CD&R. In connection with the Indicor Transaction, the Company initially retained a 49% equity interest in Indicor valued at $535.0 as of the transaction close date. This initial valuation was based on the implied equity value associated with the sale price of the 51% equity interest in Indicor to CD&R for approximately $829, inclusive of the Unit Adjustment received by CD&R as …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets The carrying value of goodwill by segment was as follows: Application Software Network Software Technology Enabled Products Total Balances at December 31, 2023 $ 12,563.4 $ 3,624.6 $ 930.8 $ 17,118.8 Goodwill acquired 2,167.6 87.8 2,255.4 Currency translation adjustments (11.0) (6.0) (1.9) (18.9) Reclassifications and other (42.4) (42.4) Balances at December 31, 2024 $ 14,677.6 $ 3,706.4 $ 928.9 $ 19,312.9 Goodwill acquired 1,247.4 702.9 73.5 2,023.8 Currency translation adjustments 28.9 14.9 1.2 45.0 Reclassifications and other (36.7) (4.1) 0.3 (40.5) Balances at December 31, 2025 $ 15,917.2 $ 4,420.1 $ 1,003.9 $ 21,341.2 Reclassifications and other relates to purchase accounting adjustments for completed acquisitions, composed primarily of purchase accounting adjustments that decrease goodwill and deferred tax liabilities, for both the years ended December 31, 2025 and 2024, respectively. Other intangible assets were comprised of: Cost Accumulated amortization Net book value Assets subject to amortization: Customer related intangibles $ 11,303.7 $ (3,457.0) $ 7,846.7 Unpatented technology 851.7 (454.7) 397.0 Patents and other protective rights 9.2 (1.9) 7.3 Assets not subject to amortization: Trade names 808.6 808.6 Balances at December 31, 2024 $ 12,973.2 $ (3,913.6) $ 9,059.6 Assets subject to amortization: Customer related intangibles $ 12,301.5 $ (3,894.6) $ 8,406.9 Unpatented technology 880.3 (425.6) 454.7 Patents and other protecti …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Income Taxes Earnings before income taxes for the years ended December 31, 2025, 2024, and 2023 consisted of the following components: 2025 2024 2023 United States $ 1,588.2 $ 1,701.7 $ 1,480.3 Other 347.9 265.5 262.8 Earnings before income taxes $ 1,936.1 $ 1,967.2 $ 1,743.1 Components of income tax expense for the years ended December 31, 2025, 2024, and 2023 were as follows: 2025 2024 2023 Current: Federal $ 67.7 $ 317.8 $ 352.6 State 70.4 101.7 80.7 Foreign 91.0 78.0 69.9 Deferred: Federal 188.5 (42.8) (94.1) State (8.3) (15.9) (27.7) Foreign (9.5) (20.9) (6.7) Income tax expense $ 399.8 $ 417.9 $ 374.7 The Company adopted ASU 2023-09 on a prospective basis beginning with the 2025 annual reporting period. Reconciliations between the U.S. federal statutory income tax rate and the effective income tax rate for the year ended December 31, 2025 were as follows: 2025 Amount Percent Federal statutory tax expense and rate $ 406.6 21.0 % State and local income tax, net of federal income tax effect (1) 52.3 2.7 Foreign tax effects: Other foreign jurisdictions 11.6 0.6 Effect of cross-border tax laws: Other 2.0 0.1 Tax credits: R&D tax credits (32.0) (1.7) Other credits (6.9) (0.4) Nontaxable or nondeductible items: Stock-based compensation (14.8) (0.8) Legal entity restructuring (25.8) (1.3) Other 10.4 0.6 Changes in unrecognized tax benefits (3.6) (0.2) Income tax expense and effective tax rate $ 399.8 20.6 % (1) Taxes in California, Illinois, Massachusetts, Minnesota, New Yo …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

Leases The Companys operating leases are primarily for real property in support of our business operations. Although many of our leases contain renewal options, we generally are not reasonably certain to exercise these options at the commencement date. Accordingly, renewal options are generally not included in the lease term for determining the right-of-use (ROU) asset and lease liability at commencement. Variable lease payments generally depend on an inflation-based index and such payments are not included in the original estimate of the lease liability. These variable lease payments are not material. For the years ended December 31, 2025, 2024, and 2023, the Company recognized $60.1, $53.9, and $50.6 of operating lease expense, respectively. The following table presents the supplemental cash flow information related to the Companys operating leases for the years ended December 31: 2025 2024 2023 Operating cash flows used for operating leases $ 59.0 $ 53.6 $ 50.6 Right-of-use assets obtained in exchange for operating lease obligations $ 77.5 $ 52.4 $ 29.6 The following table presents the lease balances within the Consolidated Balance Sheets related to the Companys operating leases as of December 31: Lease assets and liabilities Balance sheet account 2025 2024 ASSETS: Operating lease ROU assets Other assets $ 220.0 $ 189.4 LIABILITIES: Current operating lease liabilities Other accrued liabilities 48.3 46.2 Operating lease liabilities Other liabilities 185.2 154.8 Total operat …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements The Financial Accounting Standards Board (FASB) establishes changes to accounting principles under GAAP in the form of accounting standards updates (ASUs) to the FASBs Accounting Standards Codification (ASC). The Company considers the applicability and impact of all ASUs. Any recent ASUs not listed below were assessed and either determined to be not applicable or are expected to have an immaterial impact on the Companys Consolidated Financial Statements. Recently Adopted Accounting Pronouncements In December 2023, the FASB issued Accounting Standards Update No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures (ASU 2023-09), which expands income tax disclosure requirements, including disaggregation of rate reconciliation table categories, disaggregation of earnings before income taxes and income tax expense information, and disaggregation of income taxes paid information, among other changes. This guidance is effective for annual periods beginning after December 15, 2024. The Company adopted this update on a prospective basis for the year ended December 31, 2025. Refer to Note 7 for the inclusion of the expanded disclosures. Recently Released Accounting Pronouncements In November 2024, the FASB issued Accounting Standards Update No. 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (ASU 2024-03), which requires the dis …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Retirement and Other Benefit Plans Roper maintains three defined contribution retirement plans under the provisions of Section 401(k) of the IRC covering substantially all U.S. employees. Roper partially matches employee contributions. Costs related to all such plans were $51.9, $44.2, and $39.1 for 2025, 2024, and 2023, respectively.

PensionAndOtherPostretirementBenefitsDisclosureTextBlock

Contract Balances Contract balances at December 31 are set forth in the following table: Balance sheet account 2025 2024 Change Unbilled receivables $ 124.0 $ 127.3 $ (3.3) Deferred revenue current (1,906.8) (1,737.4) (169.4) Deferred revenue non-current (170.8) (154.7) (16.1) Net contract assets/(liabilities) $ (1,953.6) $ (1,764.8) $ (188.8) The change in our net contract assets/(liabilities) from December 31, 2024 to December 31, 2025 was primarily due to the timing of payments and invoicing as well as growth related to SaaS and PCS renewals. Revenue recognized during the years ended December 31, 2025 and 2024 that was included in the deferred revenue balance on December 31, 2024 and 2023 was $1,716.9 and $1,546.5, respectively. In order to determine revenues recognized in the period from contract liabilities, we allocate revenue to the individual deferred revenue balance outstanding at the beginning of the year until the revenue exceeds that balance. Impairment losses recognized on our accounts receivable and unbilled receivables were immaterial in each of the years ended December 31, 2025, 2024, and 2023, respectively. …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Segment and Geographic Area Information Our businesses are reported in three segments classified based on business model and delivery of performance obligations. The segments are: Application Software, Network Software, and Technology Enabled Products. The three reportable segments are as follows: Application Software Aderant, CentralReach, Clinisys, Data Innovations, Deltek, Frontline, IntelliTrans, PowerPlan, Procare, Strata, Transact/CBORD, and Vertafore; Network Software ConstructConnect, DAT, Foundry, iPipeline, iTradeNetwork, MHA, SHP, SoftWriters, and Subsplash; Technology Enabled Products CIVCO Medical Solutions, FMI, Inovonics, IPA, Neptune, Northern Digital, rf IDEAS, and Verathon. The Companys chief operating decision maker (CODM) is a group that consists of the Chief Executive Officer and the Board of Directors. The CODM uses operating profit to measure segment performance to evaluate resource allocation, primarily related to capital deployment towards business acquisitions, as such decisions are made by our Chief Executive Officer and Board of Directors collectively. There were no material transactions between Ropers reportable segments during 2025, 2024, and 2023. Operating profit by reportable segment is defined as net revenues less operating costs and expenses. These costs and expenses do not include unallocated corporate general and administrative expenses or enterprise-wide stock-based compensation. Items below Income from operations in Ropers Consolidated S …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Summary of Accounting Policies Basis of Presentation These financial statements present the consolidated information of Roper Technologies, Inc. and its subsidiaries (Roper, the Company, we, our, or us). All significant intercompany accounts and transactions have been eliminated. Certain prior period amounts have been reclassified to conform to current period presentation. Nature of the Business Roper is a diversified technology company. The Company operates market leading businesses that design and develop vertical software and technology enabled products for a variety of defensible niche markets. Discontinued Operations In November 2022, the Company completed the divestiture of a majority equity stake in its industrial businesses, including its entire historical Process Technologies reportable segment and the industrial businesses within its historical Measurement & Analytical Solutions reportable segment, to Clayton, Dubilier & Rice, LLC (CD&R). The businesses included in this transaction were Alpha, AMOT, CCC, Cornell, Dynisco, FTI, Hansen, Hardy, Logitech, Metrix, PAC, Roper Pump, Struers, Technolog, Uson, and Viatran (collectively Indicor). Following the sale of the majority stake, the Company retained a minority equity interest in Indicor. This transaction is referred to herein as the Indicor Transaction. The Company concluded that the Indicor Transaction represented a strategic shift that had a major effect on the Companys operations and financial results. …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

Stockholders Equity In October 2025, the Companys Board of Directors approved a share repurchase program for the repurchase of up to $3,000.0 of the Companys common stock. Shares of common stock may be repurchased from time to time through open market purchases or privately negotiated transactions, including under plans complying with Rule 10b5-1 under the Exchange Act, and subject to market conditions, applicable legal requirements, and other relevant factors. The repurchase program does not have a fixed expiration date, does not obligate the Company to acquire any specific number of shares, and may be suspended at any time at the Companys discretion. The timing, manner, price, and amount of any repurchases will be determined by the Company in its discretion and will depend on a variety of factors, including price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors. During the year ended December 31, 2025, the Company repurchased 1.121 shares of its common stock for an aggregate purchase price of $500.0 and an average price paid per share of $445.87, excluding broker commissions and excise tax. All repurchases were made in open market transactions and there are no current plans to retire repurchased shares. As of December 31, 2025, $2,500.0 of the originally authorized amount under the share repurchase program remained available for future repurchases. From January 1, 2026 …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

Business Acquisitions During the six months ended June 30, 2026, Roper completed one business acquisition for a purchase price of $25.0. This acquisition has been integrated into a business within, and its results are reported in, the Network Software reportable segment. The results of operations of the acquired business are included in Ropers Condensed Consolidated Financial Statements from the date of acquisition. Pro forma results of operations and the revenues and net earnings subsequent to the acquisition date have not been presented because the effects of the acquisition were not material to our financial results. …

BusinessCombinationDisclosureTextBlock · excerpt; the full note is in the filing

Long-Term Debt On March 30, 2026, the Company entered into a new five-year unsecured credit facility (the Credit Agreement) among Roper, the financial institutions from time to time party thereto, JPMorgan Chase Bank, N.A., as administrative agent, Bank of America, N.A. and Wells Fargo Bank, National Association, as syndication agents, and PNC Bank, National Association, Truist Bank, U.S. Bank National Association, The Huntington National Bank, Royal Bank of Canada, The Toronto-Dominion Bank, New York Branch, and MUFG Bank, Ltd., as documentation agents, which replaced the previous $3,500.0 unsecured credit facility, dated as of July 21, 2022. The Credit Agreement comprises a five-year $3,500.0 unsecured revolving credit facility, which includes availability of up to $150.0 for letters of credit. Loans under the unsecured credit facility are available in dollars, and letters of credit will be available in dollars and other currencies to be agreed. The Company may also, subject to compliance with specified conditions, request additional term loans or revolving credit commitments in an aggregate amount not to exceed $1,000.0. The Company has the right to add foreign subsidiaries as borrowers under the Credit Agreement, subject to the satisfaction of specified conditions. The Company will guarantee the payment and performance by foreign subsidiary borrowers for any of their obligations under the Credit Agreement. The Companys obligations under the Credit Agreement are not guaran …

DebtDisclosureTextBlock · excerpt; the full note is in the filing

See details in the table below: Three months ended June 30, 2026 Three months ended June 30, 2025 Revenue stream Application Software Network Software Technology Enabled Products Total Application Software Network Software Technology Enabled Products Total Software related Recurring $ 887.8 $ 314.2 $ 14.4 $ 1,216.4 $ 806.0 $ 279.6 $ 11.7 $ 1,097.3 Reoccurring 117.6 84.6 202.2 116.8 70.6 187.4 Non-recurring 175.4 32.1 207.5 172.1 35.2 207.3 Total Software Revenue 1,180.8 430.9 14.4 1,626.1 1,094.9 385.4 11.7 1,492.0 Product Revenue 482.8 482.8 451.6 451.6 Total Revenue $ 1,180.8 $ 430.9 $ 497.2 $ 2,108.9 $ 1,094.9 $ 385.4 $ 463.3 $ 1,943.6 Six months ended June 30, 2026 Six months ended June 30, 2025 Revenue stream Application Software Network Software Technology Enabled Products Total Application Software Network Software Technology Enabled Products Total Software related Recurring $ 1,768.0 $ 625.0 $ 27.9 $ 2,420.9 $ 1,575.4 $ 554.9 $ 20.6 $ 2,150.9 Reoccurring 257.0 169.1 426.1 250.7 138.3 389.0 Non-recurring 347.3 64.4 411.7 337.0 68.1 405.1 Total Software Revenue 2,372.3 858.5 27.9 3,258.7 2,163.1 761.3 20.6 2,945.0 Product Revenue 945.5 945.5 881.4 881.4 Total Revenue $ 2,372.3 $ 858.5 $ 973.4 $ 4,204.2 $ 2,163.1 $ 761.3 $ 902.0 $ 3,826.4 …

DisaggregationOfRevenueTableTextBlock · excerpt; the full note is in the filing

Stock-Based Compensation The Roper Technologies, Inc. 2021 Incentive Plan, as amended (the Amended Incentive Plan), is a stock-based compensation plan used to grant incentive stock options, nonqualified stock options, restricted stock and restricted stock units (collectively restricted stock awards), stock appreciation rights, or equivalent instruments to Ropers employees, officers, directors, and consultants. The amendment to the 2021 Incentive Plan, which was approved by shareholders at the Annual Meeting of Shareholders on May 19, 2026 (the Annual Meeting), increased the number of shares available to grant under the Amended Incentive Plan. Information regarding the Companys stock-based compensation expense, included as a component of Selling, general and administrative expenses (SG&A expenses), is provided in the following table: Three months ended June 30, Six months ended June 30, 2026 2025 2026 2025 Stock-based compensation $ 55.6 $ 43.9 $ 108.2 $ 82.7 Tax benefit recognized in net earnings $ 8.3 $ 6.8 $ 16.3 $ 13.1 The Company accounts for forfeitures of stock-based awards as they occur, with previously recognized compensation reversed in the period in which the awards are forfeited. Stock Options During the six months ended June 30, 2026, 0.544 options were granted with a weighted-average fair value of $91.94 per option. During the comparable period in 2025, 0.271 options were granted with a weighted-average fair value of $181.63 per option. All options were grant …

DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock · excerpt; the full note is in the filing

Fair Value Financial assets and liabilities are valued using market prices on active markets (Level 1), less active markets (Level 2), and little or no market activity (Level 3). Level 1 instrument valuations are obtained from real-time quotes for transactions in active exchange markets involving identical assets. Level 2 instrument valuations are obtained from readily available pricing sources for comparable instruments, identical instruments in less active markets, or models using market observable inputs. Level 3 instrument valuations typically reflect managements estimate of assumptions that market participants would use in pricing the asset or liability. Debt As of June 30, 2026 and December 31, 2025, the total estimated fair value of Ropers fixed-rate senior notes was $8,154.1 and $8,287.4, respectively. The fair values of the senior notes are based on the trading prices of each series of notes, which the Company has determined to be Level 2 in the FASB fair value hierarchy. At June 30, 2026 and December 31, 2025, there were $2,850.0 and $850.0 of borrowings outstanding under our unsecured revolving credit facility, respectively. The carrying value of these borrowings approximates their estimated fair value. Indicor Equity Investment As of June 30, 2026 and December 31, 2025, the Company held a 43.4% and 43.8% equity interest in Indicor Equity, LLC (Indicor), respectively. We elected to apply the fair value option as we believe this is the most reasonable method to valu …

FairValueDisclosuresTextBlock · excerpt; the full note is in the filing

Goodwill and Other Intangible Assets The carrying value of goodwill by segment was as follows: Application Software Network Software Technology Enabled Products Total Balances at December 31, 2025 $ 15,917.2 $ 4,420.1 $ 1,003.9 $ 21,341.2 Goodwill acquired 17.6 17.6 Other (6.7) (1.9) (8.6) Currency translation adjustments (12.3) (6.3) (0.9) (19.5) Balances at June 30, 2026 $ 15,898.2 $ 4,429.5 $ 1,003.0 $ 21,330.7 Other relates to purchase accounting adjustments for completed acquisitions. Other intangible assets were comprised of: Cost Accumulated amortization Net book value Assets subject to amortization: Customer related intangibles $ 12,301.5 $ (3,894.6) $ 8,406.9 Unpatented technology 880.3 (425.6) 454.7 Patents and other protective rights 9.1 (2.3) 6.8 Assets not subject to amortization: Trade names 895.8 895.8 Balances at December 31, 2025 $ 14,086.7 $ (4,322.5) $ 9,764.2 Assets subject to amortization: Customer related intangibles $ 12,287.0 $ (4,234.9) $ 8,052.1 Unpatented technology 848.0 (453.2) 394.8 Patents and other protective rights 9.1 (2.5) 6.6 Assets not subject to amortization: Trade names 893.8 893.8 Balances at June 30, 2026 $ 14,037.9 $ (4,690.6) $ 9,347.3 Amortization expense of other intangible assets was $207.7 and $203.0 during the three months ended June 30, 2026 and 2025, respectively, and $415.8 and $397.5 during the six months ended June 30, 2026 and 2025, respectively. An evaluation of the carrying value of goodwill and other indefinite-lived in …

GoodwillAndIntangibleAssetsDisclosureTextBlock · excerpt; the full note is in the filing

Recent Accounting Pronouncements The Financial Accounting Standards Board (FASB) establishes changes to accounting principles under GAAP in the form of accounting standards updates (ASUs) to the FASBs Accounting Standards Codification (ASC). The Company considers the applicability and impact of all ASUs. Any recent ASUs not listed below were assessed and either determined to be not applicable or are expected to have an immaterial impact on the Companys Consolidated Financial Statements. In November 2024, the FASB issued Accounting Standards Update No. 2024-03, Income StatementReporting Comprehensive IncomeExpense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (ASU 2024-03), which requires the disclosure of additional information about specific categories of costs and expenses in the notes to consolidated financial statements. This guidance is effective for annual periods beginning after December 15, 2026, and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. This ASU will likely result in additional disclosures. We are currently evaluating the provisions of this ASU. In September 2025, the FASB issued Accounting Standards Update No. 2025-06, IntangiblesGoodwill and OtherInternal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06), which updates the threshold for cost capitalization of internal-use software development costs b …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

Revenues from Contracts Disaggregated Revenue We disaggregate our revenues by reportable segment into four categories: (i) recurring revenue comprised of Software-as-a-Service (SaaS), annual term licenses, and software post-contract support (PCS); (ii) reoccurring revenue comprised of transactional and volume-based fees facilitated through our software; (iii) non-recurring revenue comprised of multi-year term and perpetual software licenses, professional services associated with software products and hardware sold with our software licenses; and (iv) product revenue. See details in the table below: Three months ended June 30, 2026 Three months ended June 30, 2025 Revenue stream Application Software Network Software Technology Enabled Products Total Application Software Network Software Technology Enabled Products Total Software related Recurring $ 887.8 $ 314.2 $ 14.4 $ 1,216.4 $ 806.0 $ 279.6 $ 11.7 $ 1,097.3 Reoccurring 117.6 84.6 202.2 116.8 70.6 187.4 Non-recurring 175.4 32.1 207.5 172.1 35.2 207.3 Total Software Revenue 1,180.8 430.9 14.4 1,626.1 1,094.9 385.4 11.7 1,492.0 Product Revenue 482.8 482.8 451.6 451.6 Total Revenue $ 1,180.8 $ 430.9 $ 497.2 $ 2,108.9 $ 1,094.9 $ 385.4 $ 463.3 $ 1,943.6 Six months ended June 30, 2026 Six months ended June 30, 2025 Revenue stream Application Software Network Software Technology Enabled Products Total Application Software Network Software Technology Enabled Products Total Software related Recurring $ 1,768.0 $ 625.0 $ 27.9 $ 2,42 …

RevenueFromContractWithCustomerTextBlock · excerpt; the full note is in the filing

Reportable Segments The following table presents selected financial information by reportable segment: Three months ended June 30, 2026 Three months ended June 30, 2025 Application Software Network Software Technology Enabled Products Segments Total Application Software Network Software Technology Enabled Products Segments Total Net revenues $ 1,180.8 $ 430.9 $ 497.2 $ 2,108.9 $ 1,094.9 $ 385.4 $ 463.3 $ 1,943.6 Cost of sales 357.1 67.5 214.1 638.7 341.6 64.6 192.0 598.2 SG&A expenses 499.7 186.8 117.4 803.9 458.7 151.5 107.2 717.4 Operating profit* $ 324.0 $ 176.6 $ 165.7 $ 666.3 $ 294.6 $ 169.3 $ 164.1 $ 628.0 Depreciation and other amortization $ 181.1 $ 42.8 $ 6.0 $ 229.9 $ 175.7 $ 41.3 $ 5.9 $ 222.9 Capital expenditures $ 3.8 $ 2.7 $ 3.9 $ 10.4 $ 9.6 $ 2.0 $ 3.6 $ 15.2 Capitalized software expenditures $ 15.3 $ $ 0.2 $ 15.5 $ 14.4 $ $ $ 14.4 Six months ended June 30, 2026 Six months ended June 30, 2025 Application Software Network Software Technology Enabled Products Segments Total Application Software Network Software Technology Enabled Products Segments Total Net revenues $ 2,372.3 $ 858.5 $ 973.4 $ 4,204.2 $ 2,163.1 $ 761.3 $ 902.0 $ 3,826.4 Cost of sales 726.0 134.7 419.5 1,280.2 689.0 124.9 373.4 1,187.3 SG&A expenses 1,003.1 373.4 233.8 1,610.3 902.7 300.4 210.9 1,414.0 Operating profit* $ 643.2 $ 350.4 $ 320.1 $ 1,313.7 $ 571.4 $ 336.0 $ 317.7 $ 1,225.1 Depreciation and other amortization $ 362.1 $ 85.6 $ 11.7 $ 459.4 $ 341.3 $ 82.6 $ 11.3 $ 435.2 Capital …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

Stockholders Equity In October 2025, the Companys Board of Directors approved a share repurchase program authorizing the repurchase of up to $3,000.0 of the Companys common stock, and in April 2026 approved an additional $3,000.0 of repurchase authorization under the program. Shares of common stock may be repurchased from time to time through open market purchases or privately negotiated transactions, including under repurchase plans complying with Rule 10b5-1 under the Exchange Act, and subject to market conditions, applicable legal requirements, and other relevant factors. The repurchase program does not have a fixed expiration date, does not obligate the Company to acquire any specific number of shares, and may be suspended at any time at the Companys discretion. The timing, manner, price, and amount of any repurchases made will be determined by the Company in its discretion and will depend on a variety of factors, including price, business and market conditions, corporate and regulatory requirements, alternative investment opportunities, acquisition opportunities, and other factors. During the six months ended June 30, 2026, the Company repurchased 7.865 shares of its common stock for an aggregate purchase price of $2,724.1 and an average price paid per share of $346.34. The aggregate purchase price and average price paid per share exclude excise tax imposed by the Inflation Reduction Act of 2022, as amended, and broker commissions. All repurchases were made in open marke …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing