10-K Filing

MARKETAXESS HOLDINGS INC CIK: 1278021 FY 2023

Filing Information

Form Type	10-K
Accession Number	`0000950170-24-018935`
Period End Date	20231231
Filing Date	20240222
Fiscal Year	2023
Fiscal Period	FY
XBRL Instance	mktx-20231231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 75 Cash Flow Statement 134 Stockholders Equity 37 Comprehensive Income 15

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$590.00K	USD	Point-in-time
Allowance for accounts receivable	`AllowanceForDoubtfulAccountsReceivable`	$577.00K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$430.75M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$451.28M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	4.86M	shares	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$45.12M	USD	Point-in-time
Cash segregated under federal regulations	`CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations`	$50.95M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Investments, at fair value	`MarketableSecurities`	$134.86M	USD	Point-in-time
Investments, at fair value	`MarketableSecurities`	$83.79M	USD	Point-in-time
Accounts receivable, net of allowance of $577 and $590 as of December 31, 2023 and 2022 ,respectively	`AccountsReceivableNet`	$89.84M	USD	Point-in-time
Accounts receivable, net of allowance of $577 and $590 as of December 31, 2023 and 2022 ,respectively	`AccountsReceivableNet`	$78.45M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$687.94M	USD	Point-in-time
Receivables from broker-dealers, clearing organizations and customers	`ReceivablesFromBrokersDealersClearingOrganizationsAndCustomers`	$476.33M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$154.79M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	110.00M	shares	Point-in-time
Goodwill	`Goodwill`	$236.71M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.94M	shares	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$119.11M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`IntangibleAssetsNetExcludingGoodwill`	$98.06M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	40.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.90M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.65M	shares	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$100.26M	USD	Point-in-time
Furniture, equipment, leasehold improvements and capitalized software, net of accumulated depreciation and amortization	`PropertyPlantAndEquipmentNet`	$102.67M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$63.05M	USD	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	3.04M	shares	Point-in-time
Treasury Stock, Common, Shares	`TreasuryStockCommonShares`	3.27M	shares	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$66.11M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$68.29M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$84.50M	USD	Point-in-time
Total assets	`Assets`	$2.02B	USD	Point-in-time
Total assets	`Assets`	$1.61B	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$60.12M	USD	Point-in-time
Accrued employee compensation	`EmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$56.30M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$537.40M	USD	Point-in-time
Payables to broker-dealers, clearing organizations and customers	`PayablesToBrokerDealersAndClearingOrganizations`	$303.99M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$7.89M	USD	Point-in-time
Income and other tax liabilities	`TaxesPayableCurrentAndNoncurrent`	$28.45M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$55.26M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$37.01M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$79.68M	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiability`	$82.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$526.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$722.10M	USD	Point-in-time
Commitments and Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies (Note 15)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock	`PreferredStockValue`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$123.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$123.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$333.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$345.47M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 3,041,081 shares and 3,270,512 shares as of December 31, 2023 and 2022, respectively	`TreasuryStockValue`	$328.33M	USD	Point-in-time
Treasury stock - Common stock voting, at cost, 3,041,081 shares and 3,270,512 shares as of December 31, 2023 and 2022, respectively	`TreasuryStockValue`	$260.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.24B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.10B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-37.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-24.37M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.29B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$955.06M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$2.02B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.61B	USD	Point-in-time

Income Statement 75 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$752.55M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$698.95M	USD	Annual
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$718.30M	USD	Annual
Employee compensation and benefits	`LaborAndRelatedExpense`	$170.92M	USD	Annual
Employee compensation and benefits	`LaborAndRelatedExpense`	$206.93M	USD	Annual
Employee compensation and benefits	`LaborAndRelatedExpense`	$182.10M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$53.45M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$61.45M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$70.56M	USD	Annual
Technology and communications	`CommunicationsAndInformationTechnology`	$42.47M	USD	Annual
Technology and communications	`CommunicationsAndInformationTechnology`	$62.80M	USD	Annual
Technology and communications	`CommunicationsAndInformationTechnology`	$52.96M	USD	Annual
Professional and consulting fees	`ProfessionalFees`	$41.92M	USD	Annual
Professional and consulting fees	`ProfessionalFees`	$33.95M	USD	Annual
Professional and consulting fees	`ProfessionalFees`	$31.93M	USD	Annual
Occupancy	`OccupancyNet`	$14.22M	USD	Annual
Occupancy	`OccupancyNet`	$14.12M	USD	Annual
Occupancy	`OccupancyNet`	$13.32M	USD	Annual
Marketing and advertising	`MarketingAndAdvertisingExpense`	$9.06M	USD	Annual
Marketing and advertising	`MarketingAndAdvertisingExpense`	$9.98M	USD	Annual
Marketing and advertising	`MarketingAndAdvertisingExpense`	$11.05M	USD	Annual
Clearing costs	`TransactionCosts`	$17.00M	USD	Annual
Clearing costs	`TransactionCosts`	$17.66M	USD	Annual
Clearing costs	`TransactionCosts`	$16.07M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$14.50M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$19.20M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$23.04M	USD	Annual
Total expenses	`OperatingExpenses`	$437.53M	USD	Annual
Total expenses	`OperatingExpenses`	$391.42M	USD	Annual
Total expenses	`OperatingExpenses`	$361.72M	USD	Annual
Operating income	`OperatingIncomeLoss`	$337.24M	USD	Annual
Operating income	`OperatingIncomeLoss`	$326.88M	USD	Annual
Operating income	`OperatingIncomeLoss`	$315.02M	USD	Annual
Interest income	`InterestAndDividendIncomeOperating`	$22.43M	USD	Annual
Interest income	`InterestAndDividendIncomeOperating`	$401.00K	USD	Annual
Interest income	`InterestAndDividendIncomeOperating`	$5.04M	USD	Annual
Interest expense	`InterestExpense`	$1.98M	USD	Annual
Interest expense	`InterestExpense`	$842.00K	USD	Annual
Interest expense	`InterestExpense`	$700.00K	USD	Annual
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$735.00K	USD	Annual
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$1.13M	USD	Annual
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	-	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$-3.50M	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$5.95M	USD	Annual
Other, net	`OtherNonoperatingIncomeExpense`	$-2.87M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$17.68M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$-3.31M	USD	Annual
Total other income (expense)	`NonoperatingIncomeExpense`	$11.41M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$333.92M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$332.70M	USD	Annual
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$338.29M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$88.06M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$76.03M	USD	Annual
Provision for income taxes	`IncomeTaxExpenseBenefit`	$74.64M	USD	Annual
Net income	`NetIncomeLoss`	$250.22M	USD	Annual
Net income	`NetIncomeLoss`	$258.06M	USD	Annual
Net income	`NetIncomeLoss`	$257.89M	USD	Annual
Basic	`EarningsPerShareBasic`	$6.88	USD	Annual
Basic	`EarningsPerShareBasic`	$6.87	USD	Annual
Basic	`EarningsPerShareBasic`	$6.68	USD	Annual
Diluted	`EarningsPerShareDiluted`	$6.65	USD	Annual
Diluted	`EarningsPerShareDiluted`	$6.85	USD	Annual
Diluted	`EarningsPerShareDiluted`	$6.77	USD	Annual
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.88	USD	Annual
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.64	USD	Annual
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.72	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.80	USD	Annual
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.51M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.47M	shares	Annual
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	37.55M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	38.10M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.65M	shares	Annual
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	37.64M	shares	Annual

Cash Flow Statement 134 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss)	`NetIncomeLoss`	$250.22M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$258.06M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$257.89M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$70.56M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$53.45M	USD	Annual
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$61.45M	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$5.85M	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$6.80M	USD	Annual
Amortization of operating lease right-of-use assets	`OperatingLeaseRightOfUseAssetAmortizationExpense`	$5.71M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$29.19M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$29.86M	USD	Annual
Stock-based compensation expense	`ShareBasedCompensation`	$27.31M	USD	Annual
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.82M	USD	Annual
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.12M	USD	Annual
Deferred taxes	`DeferredIncomeTaxesAndTaxCredits`	$-6.55M	USD	Annual
Foreign currency transaction (gains) losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$-4.72M	USD	Annual
Foreign currency transaction (gains) losses	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Foreign currency transaction (gains) losses	`ForeignCurrencyTransactionGainLossBeforeTax`	$8.78M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$466.00K	USD	Annual
Other	`OtherNoncashIncomeExpense`	$3.11M	USD	Annual
Other	`OtherNoncashIncomeExpense`	$-555.00K	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-15.60M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$7.12M	USD	Annual
(Increase) decrease in accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$15.14M	USD	Annual
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$181.04M	USD	Annual
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$47.63M	USD	Annual
(Increase) in receivables from broker-dealers, clearing organizations and customers	`IncreaseDecreaseInBrokerageReceivables`	$156.91M	USD	Annual
Decrease/(increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-2.21M	USD	Annual
Decrease/(increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$4.25M	USD	Annual
Decrease/(increase) in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$11.90M	USD	Annual
Increase/(decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.47M	USD	Annual
Increase/(decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.61M	USD	Annual
Increase/(decrease) in accrued employee compensation	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-3.42M	USD	Annual
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$74.67M	USD	Annual
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$227.92M	USD	Annual
Increase in payables to broker-dealers, clearing organizations and customers	`IncreaseDecreaseInPayablesToBrokerDealers`	$96.00M	USD	Annual
(Decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-4.77M	USD	Annual
(Decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-5.64M	USD	Annual
(Decrease) in income and other tax liabilities	`IncreaseDecreaseInIncomeTaxes`	$-14.69M	USD	Annual
(Decrease)/increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$215.00K	USD	Annual
(Decrease)/increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-7.23M	USD	Annual
(Decrease)/increase in accounts payable, accrued expenses and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$11.38M	USD	Annual
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-6.74M	USD	Annual
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-6.37M	USD	Annual
(Decrease) in operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiabilities`	$-7.00M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$282.09M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$333.77M	USD	Annual
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$289.23M	USD	Annual
Proceeds from maturities and sales	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	Annual
Proceeds from maturities and sales	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	$4.45M	USD	Annual
Proceeds from maturities and sales	`ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities`	-	USD	Annual
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	Annual
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	-	USD	Annual
Purchases	`PaymentsToAcquireAvailableForSaleSecuritiesDebt`	$28.82M	USD	Annual
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$78.48M	USD	Annual
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	$17.08M	USD	Annual
Acquisitions, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquired`	-	USD	Annual
Acquisition of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Acquisition of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	-	USD	Annual
Acquisition of equity method investment	`PaymentsToAcquireEquityMethodInvestments`	$34.40M	USD	Annual
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.14M	USD	Annual
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.49M	USD	Annual
Purchases of furniture, equipment and leasehold improvements	`PaymentsToAcquirePropertyPlantAndEquipment`	$9.33M	USD	Annual
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$33.12M	USD	Annual
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$43.12M	USD	Annual
Capitalization of software development costs	`PaymentsToDevelopSoftware`	$38.73M	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-86.27M	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-67.69M	USD	Annual
Net cash (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-155.29M	USD	Annual
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$109.66M	USD	Annual
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$105.94M	USD	Annual
Cash dividend on common stock	`PaymentsOfOrdinaryDividends`	$99.79M	USD	Annual
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$7.10M	USD	Annual
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$672.00K	USD	Annual
Exercise of stock options	`ProceedsFromStockOptionsExercised`	$940.00K	USD	Annual
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$25.84M	USD	Annual
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$23.40M	USD	Annual
Withholding tax payments on restricted stock vesting and stock option exercises	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$33.89M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$63.19M	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	Annual
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$87.54M	USD	Annual
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	-	USD	Annual
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$12.50M	USD	Annual
Payment of contingent consideration	`PaymentForContingentConsiderationLiabilityFinancingActivities`	$26.16M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$124.00M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$100.00M	USD	Annual
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$70.35M	USD	Annual
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$70.35M	USD	Annual
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$100.00M	USD	Annual
Repayments of short-term borrowings	`RepaymentsOfSubordinatedDebt`	$124.00M	USD	Annual
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-189.78M	USD	Annual
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-147.06M	USD	Annual
Net cash (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-242.38M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-7.11M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-13.48M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$7.59M	USD	Annual
Net increase (decrease) for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-52.90M	USD	Annual
Net increase (decrease) for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$39.01M	USD	Annual
Net increase (decrease) for the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$17.52M	USD	Annual
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$608.05M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$625.57M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$572.66M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$611.67M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$608.05M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$625.57M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$572.66M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$611.67M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$94.81M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$70.00M	USD	Annual
Cash paid for income taxes	`IncomeTaxesPaidNet`	$88.68M	USD	Annual
Cash paid for interest	`InterestPaidNet`	$830.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$652.00K	USD	Annual
Cash paid for interest	`InterestPaidNet`	$1.87M	USD	Annual
Exercise of stock options - cashless	`StockIssued1`	$3.85M	USD	Annual
Exercise of stock options - cashless	`StockIssued1`	-	USD	Annual
Exercise of stock options - cashless	`StockIssued1`	$2.75M	USD	Annual
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.97M	USD	Annual
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.88M	USD	Annual
Right-of-use assets obtained in exchange for operating lease liabilities	`RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability`	$1.18M	USD	Annual
Contingent consideration payable recognized in connection with acquisitions	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	-	USD	Annual
Contingent consideration payable recognized in connection with acquisitions	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	-	USD	Annual
Contingent consideration payable recognized in connection with acquisitions	`NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1`	$27.95M	USD	Annual
Fair value of assets acquired	`FairValueOfAssetsAcquired`	-	USD	Annual
Fair value of assets acquired	`FairValueOfAssetsAcquired`	$127.64M	USD	Annual
Fair value of assets acquired	`FairValueOfAssetsAcquired`	-	USD	Annual
Cash paid for acquisition, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquiredUnderNonCashActivities`	$78.48M	USD	Annual
Cash paid for acquisition, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquiredUnderNonCashActivities`	-	USD	Annual
Cash paid for acquisition, net of cash and cash equivalents acquired	`PaymentsToAcquireBusinessesNetOfCashAndCashEquivalentsAcquiredUnderNonCashActivities`	-	USD	Annual
Treasury shares used for acquisition	`TreasuryStockUsedForAcquisitionOfBusiness`	-	USD	Annual
Treasury shares used for acquisition	`TreasuryStockUsedForAcquisitionOfBusiness`	-	USD	Annual
Treasury shares used for acquisition	`TreasuryStockUsedForAcquisitionOfBusiness`	$-43.84M	USD	Annual
Liabilities assumed	`NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1`	$5.32M	USD	Annual
Liabilities assumed	`NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1`	-	USD	Annual
Liabilities assumed	`NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1`	-	USD	Annual

Stockholders Equity 37 line items

Line Item	Tag	Value	Unit	Period
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.88	USD	Annual
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.64	USD	Annual
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.72	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.70	USD	1 Quarter
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$2.80	USD	Annual
Cash dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.66	USD	1 Quarter
Beginning Balance	`StockholdersEquity`	$1.04B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$1.29B	USD	Point-in-time
Beginning Balance	`StockholdersEquity`	$955.06M	USD	Point-in-time
Net Income (Loss)	`NetIncomeLoss`	$250.22M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$258.06M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$257.89M	USD	Annual
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.68M	USD	Annual
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.35M	USD	Annual
Cumulative translation adjustment and foreign currency exchange hedge, net of tax	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-24.37M	USD	Annual
Unrealized net gain (loss) on securities available-for-sale, net of tax	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-22.00K	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$29.19M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$27.31M	USD	Annual
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$29.86M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$672.00K	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$7.10M	USD	Annual
Exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$940.00K	USD	Annual
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$23.40M	USD	Annual
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$25.84M	USD	Annual
Withholding tax payments on restricted stock vesting and stock option exercises	`AdjustmentsRelatedToTaxWithholdingExpenseBenefitForShareBasedCompensation`	$33.89M	USD	Annual
Reissuance of treasury stock	`StockIssuedDuringPeriodValueTreasuryStockReissued`	$993.00K	USD	Annual
Treasury stock used for acquisition	`TreasuryStockUsedForAcquisition`	$43.84M	USD	Annual
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$87.54M	USD	Annual
Repurchases of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$63.19M	USD	Annual
Cash dividend on common stock	`DividendsCommonStockCash`	$108.64M	USD	Annual
Cash dividend on common stock	`DividendsCommonStockCash`	$100.29M	USD	Annual
Cash dividend on common stock	`DividendsCommonStockCash`	$105.67M	USD	Annual
Ending Balance	`StockholdersEquity`	$1.04B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.08B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$1.29B	USD	Point-in-time
Ending Balance	`StockholdersEquity`	$955.06M	USD	Point-in-time

Comprehensive Income 15 line items

Line Item	Tag	Value	Unit	Period
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$250.22M	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$258.06M	USD	Annual
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	$12.00K	USD	Annual
Securities available-for-sale, tax expense (benefit)	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodTax`	-	USD	Annual
Net Income (Loss)	`NetIncomeLoss`	$257.89M	USD	Annual
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-8.68M	USD	Annual
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$13.35M	USD	Annual
Cumulative translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-24.37M	USD	Annual
Net unrealized (loss) on securities available-for-sale, net of tax of $12, $0 and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Net unrealized (loss) on securities available-for-sale, net of tax of $12, $0 and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-22.00K	USD	Annual
Net unrealized (loss) on securities available-for-sale, net of tax of $12, $0 and $0, respectively	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$271.38M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$225.86M	USD	Annual
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$249.21M	USD	Annual

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.