NIQ GLOBAL INTELLIGENCE PLC, 10-Q filed on 5/14/2026
Quarterly Report
v3.26.1
Cover - shares
 3 Months Ended
Mar. 31, 2026
May 11, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 001-42763  
Registrant Name NIQ Global Intelligence plc  
Entity Incorporation, State or Country Code L2  
Entity Address, Address Line One 200 West Jackson Boulevard  
Entity Address, City or Town Chicago  
Entity Address, State or Province IL  
Entity Address, Postal Zip Code 60606  
City Area Code 312  
Local Phone Number 583-5100  
Title of 12(b) Security Ordinary shares, nominal value $0.00001 per share  
Trading Symbol NIQ  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   295,136,342
Amendment Flag false  
CIK 0002054696  
Document Period Focus Q1  
Fiscal Year Focus 2026  
Current Fiscal Year End Date --12-31  
v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Revenues $ 1,072.7 $ 965.9
Operating expenses:    
Cost of revenues (excluding depreciation and amortization shown separately below) 475.0 430.8
Selling, general and administrative expenses 396.1 371.7
Depreciation and amortization 153.7 148.5
Impairment of long-lived assets 0.0 0.7
Restructuring costs 64.9 4.6
Other operating income, net (6.8) (6.1)
Total operating expenses 1,082.9 950.2
Operating (loss) income (10.2) 15.7
Interest expense, net (58.5) (83.5)
Foreign currency exchange gain, net 5.6 32.0
Nonoperating expense, net 0.0 (58.8)
Loss before income taxes (63.1) (94.6)
Income tax expense (25.6) (23.3)
Net loss (88.7) (117.9)
Less: Net income attributable to noncontrolling interests 1.4 1.9
Net loss attributable to NIQ $ (90.1) $ (119.8)
Basic and diluted earnings per share from:    
Net loss attributable to NIQ, basic (in dollars per share) $ (0.31) $ (0.49)
Net loss attributable to NIQ, diluted (in dollars per share) $ (0.31) $ (0.49)
Weighted average basic NIQ ordinary shares outstanding (in shares) 295,044,637 245,000,000
Weighted average diluted NIQ ordinary shares outstanding (in shares) 295,044,637 245,000,000
v3.26.1
Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Statement of Comprehensive Income [Abstract]    
Net loss $ (88.7) $ (117.9)
Other comprehensive (loss) income:    
Foreign currency translation adjustments (13.1) (2.3)
Cash flow hedges 19.9 (8.9)
Total other comprehensive income (loss) 6.8 (11.2)
Total other comprehensive loss (81.9) (129.1)
Less: Comprehensive (loss) income attributable to noncontrolling interests (1.4) 1.9
Total other comprehensive loss attributable to NIQ $ (80.5) $ (131.0)
v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 362.3 $ 518.8
Trade receivables, net 808.9 695.6
Other receivables 116.9 104.3
Prepaid expenses and other current assets 244.8 131.4
Total current assets 1,532.9 1,450.1
Property and equipment, net 189.5 208.2
Operating lease right-of-use assets 197.1 203.7
Intangible assets, net 2,097.5 2,191.4
Goodwill 2,411.6 2,431.7
Deferred income taxes 34.4 27.8
Other noncurrent assets 286.3 289.1
Total assets 6,749.3 6,802.0
Current liabilities:    
Accounts payable 225.4 224.4
Accrued expenses 614.5 631.7
Deferred revenues 331.0 262.0
Short-term debt and current portion of long-term debt 89.8 107.5
Other current liabilities 172.2 177.5
Total current liabilities 1,432.9 1,403.1
Long-term debt 3,473.5 3,502.6
Operating lease liabilities 198.0 205.5
Deferred income taxes 129.5 123.4
Other noncurrent liabilities 360.9 341.8
Total liabilities 5,594.8 5,576.4
Commitments and contingencies (Note 15)
Shareholders' equity:    
Ordinary shares; $0.00001 nominal value per share, 1,500,000,000 ordinary shares authorized, 295,115,271 and 295,000,000 ordinary shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively 0.0 0.0
Preferred shares; $0.00001 nominal value per share, 150,000,000 preferred shares authorized, no shares issued and outstanding 0.0 0.0
Paid-in capital 3,233.2 3,222.4
Accumulated deficit (2,292.1) (2,202.0)
Accumulated other comprehensive loss (25.2) (32.0)
Total NIQ shareholders' equity 915.9 988.4
Noncontrolling interests 238.6 237.2
Total shareholders' equity 1,154.5 1,225.6
Total liabilities and shareholders' equity 6,749.3 6,802.0
Euro Deferred Shares    
Shareholders' equity:    
Ordinary shares; $0.00001 nominal value per share, 1,500,000,000 ordinary shares authorized, 295,115,271 and 295,000,000 ordinary shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively $ 0.0 $ 0.0
v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical)
Mar. 31, 2026
$ / shares
shares
Mar. 31, 2026
€ / shares
shares
Dec. 31, 2025
$ / shares
shares
Dec. 31, 2025
€ / shares
shares
Common stock par value (in euros per share) | $ / shares $ 0.00001   $ 0.00001  
Common stock authorized (in shares) 1,500,000,000 1,500,000,000 1,500,000,000 1,500,000,000
Common stock shares issued (in shares) 295,115,271 295,115,271 295,000,000 295,000,000
Outstanding shares (in shares) 295,115,271 295,115,271 295,000,000 295,000,000
Preferred stock par value (in euros per share) | € / shares   € 0.00001   € 0.00001
Preferred stock authorized (in shares) 150,000,000 150,000,000 150,000,000 150,000,000
Preferred stock shares issued (in shares) 0 0 0 0
Preferred stock shares outstanding (in shares) 0 0 0 0
Euro Deferred Shares        
Common stock par value (in euros per share) | € / shares   € 1   € 1
Common stock authorized (in shares) 25,000 25,000 25,000 25,000
Common stock shares issued (in shares) 25,000 25,000 25,000 25,000
Outstanding shares (in shares) 0 0 0 0
v3.26.1
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Millions
Total
Total NIQ Shareholders’ Equity
Ordinary Shares
Preferred Shares
Euro Deferred Shares
Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive Loss
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2024     245,000,000   0        
Beginning balance (in shares) at Dec. 31, 2024       0          
Beginning balance at Dec. 31, 2024 $ 298.6 $ 59.7 $ 0.0 $ 0.0 $ 0.0 $ 1,946.1 $ (1,848.7) $ (37.7) $ 238.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income (117.9) (119.8)         (119.8)   1.9
Other comprehensive income (loss) (11.2) (11.2)           (11.2)  
Share-based compensation 1.3 1.3       1.3      
Cash dividends paid to noncontrolling interests (3.0)               (3.0)
Ending balance (in shares) at Mar. 31, 2025     245,000,000   0        
Ending balance (in shares) at Mar. 31, 2025       0          
Ending balance at Mar. 31, 2025 $ 167.8 (70.0) $ 0.0 $ 0.0 $ 0.0 1,947.4 (1,968.5) (48.9) 237.8
Beginning balance (in shares) at Dec. 31, 2025 295,000,000   295,000,000   25,000        
Beginning balance (in shares) at Dec. 31, 2025 0     0          
Beginning balance at Dec. 31, 2025 $ 1,225.6 988.4 $ 0.0 $ 0.0 $ 0.0 3,222.4 (2,202.0) (32.0) 237.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net (loss) income (88.7) (90.1)         (90.1)   1.4
Other comprehensive income (loss) 6.8 6.8           6.8  
Vesting of restricted stock units (in shares)     115,271            
Share-based compensation 11.5 11.5       11.5      
Withholding tax paid upon equity award vesting (0.4) (0.4)       (0.4)      
Other $ (0.3) (0.3)       (0.3)      
Ending balance (in shares) at Mar. 31, 2026 295,115,271   295,115,271   25,000        
Ending balance (in shares) at Mar. 31, 2026 0     0          
Ending balance at Mar. 31, 2026 $ 1,154.5 $ 915.9 $ 0.0 $ 0.0 $ 0.0 $ 3,233.2 $ (2,292.1) $ (25.2) $ 238.6
v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating Activities:    
Net loss $ (88.7) $ (117.9)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 153.7 148.5
Share-based compensation 11.5 1.3
Amortization of debt discount and debt issuance costs 7.0 15.1
Remeasurement of warrant to fair value 0.0 46.1
Impairment of long-lived assets 0.0 0.7
Provision for credit losses 2.5 1.1
Non-cash foreign currency exchange gain, net (0.6) (24.0)
Write-off of unamortized debt discount and debt issuance costs 0.0 10.3
Gain on disposal of business 0.0 (5.6)
Other operating activities, net 7.2 (7.3)
Changes in assets and liabilities:    
Trade and other receivables, net (138.7) (71.1)
Prepaid expenses and other current assets (97.6) (83.6)
Accounts payable and other current liabilities 85.1 (62.9)
Operating leases, net 0.6 (2.3)
Other noncurrent assets and liabilities (5.6) (2.0)
Net cash used in operating activities (63.6) (153.6)
Investing Activities:    
Proceeds from sale of business, net of cash disposed 0.0 61.8
Additions to property and equipment (3.2) (3.1)
Additions to intangible assets (56.4) (59.6)
Other investing activities, net 0.4 (2.8)
Net cash used in investing activities (59.2) (3.7)
Financing Activities:    
Proceeds from debt and other financing arrangements 80.8 392.8
Repayments of debt and other financing arrangements (101.5) (234.5)
Debt issuance costs paid 0.0 (2.5)
Finance leases (7.6) (4.1)
Cash dividends paid to noncontrolling interests 0.0 (3.0)
Other financing activities, net (2.8) 21.4
Net cash (used in) provided by financing activities (31.1) 170.1
Effect of exchange-rate changes on cash and cash equivalents (2.6) 11.5
Net (decrease) increase in cash and cash equivalents (156.5) 24.3
Cash and cash equivalents at beginning of period 518.8 266.2
Cash and cash equivalents at end of period 362.3 290.5
Supplemental Disclosures of Cash Flow Information:    
Cash paid for interest 58.1 82.5
Cash paid for income taxes, net of refunds received 24.2 38.0
Supplemental Disclosures of Non-Cash Items:    
Capital expenditures in accounts payable $ 1.5 $ 1.4
v3.26.1
ORGANIZATION
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION
1. ORGANIZATION
Organization
NIQ is a leading global consumer intelligence company positioned at the nexus of brands, retailers and consumers. NIQ manages a comprehensive and integrated ecosystem – The NIQ Ecosystem – which combines proprietary data, best-in-class technology, human intelligence and highly sophisticated software applications and analytics solutions. NIQ’s unified, artificial intelligence powered technology platform aggregates, harmonizes and enriches vast amounts of global consumer shopping data from a myriad of diverse sources, generates rich, proprietary reference data and metadata and provides a global, omnichannel view of consumer shopping behavior – The Full ViewTM.
NIQ was created when funds managed by Advent International, L.P. (formerly known as Advent International Corporation) (“Advent”) acquired certain subsidiaries of Nielsen Holdings plc (“Nielsen”) on March 5, 2021 (“the Advent Acquisition”). Intermediate Dutch Holdings B.V., a private company with limited liability organized under the laws of the Netherlands (“Dutch Holdings”), formed two subsidiaries: Indy US Holdco, LLC (“US Holdco”) and Indy Dutch Bidco B.V. Through its subsidiaries, Dutch Holdings acquired Nielsen Consumer Inc., TNC Europe B.V. and The Nielsen Company (Europe) S.àr.l (the “NIQ subsidiaries”) from Nielsen. As a result of the Advent Acquisition, Dutch Holdings became the beneficial owner of the NIQ subsidiaries. Dutch Holdings is an indirect subsidiary of AI PAVE Dutchco I B.V. (“AI PAVE”), and its consolidated subsidiaries, including US Holdco, and the Company’s other operating subsidiaries.
On January 21, 2025, AI Global Investments (Netherlands) PCC Limited acquired Flower Road Limited, an Irish private company with limited liability that was incorporated in Ireland on June 6, 2017 as a dormant company. On January 23, 2025, Flower Road Limited was renamed to NIQ Global Intelligence Limited. On June 12, 2025, NIQ Global Intelligence Limited was re-registered under the Irish Companies Act 2014 as a public limited company and was renamed NIQ Global Intelligence plc. On July 22, 2025, in connection with the initial public offering (“IPO”) as further discussed below, NIQ Global Intelligence plc became the direct parent of AI PAVE and the indirect parent of other intermediate holding companies, including AI PAVE Dutchco II B.V., AI PAVE Dutchco III B.V. (collectively, with AI PAVE, the “AI PAVE Entities”), and Dutch Holdings (the “Reorganization”). All holders of equity interests in AI PAVE became shareholders of NIQ Global Intelligence plc. The number of ordinary shares authorized increased to 1,500,000,000 and the number of ordinary shares outstanding became 245,000,000.
The “Company” or “NIQ” means, prior to the Reorganization, Dutch Holdings and its consolidated subsidiaries and, after the Reorganization, NIQ Global Intelligence plc and its consolidated subsidiaries.
Initial Public Offering
On July 24, 2025, the Company completed its IPO, in which the Company sold 50,000,000 ordinary shares at the initial public offering price of $21.00 per share. The Company received aggregate net proceeds of $985.1 million after deducting underwriting discounts and commissions and estimated offering expenses payable by NIQ Global Intelligence plc. The aggregate net proceeds were used to repay a portion of the Company’s outstanding borrowings. See Note 7. “Debt” for further detail on the use of proceeds. In connection with the IPO, the Board of Directors also adopted the NIQ Global Intelligence plc 2025 Equity Incentive Plan. The Company recognized share-based compensation as a result of the accelerated and incremental vesting of certain share-based compensation awards under the 2021 Plan, as triggered by the IPO.
v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Presentation
The unaudited condensed consolidated financial statements include the accounts of the Company and its consolidated subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. Intercompany transactions and balances have been eliminated. Noncontrolling interests are recorded for entities that are consolidated, but for which NIQ owns less than 100% of the equity interests.
Prior to the effects of the Reorganization and IPO, the historical financial statements presented the financial information of Dutch Holdings. Subsequent to the Reorganization and IPO as described above in Note 1. “Organization”, the accompanying financial statements have been recast to reflect the consolidated financial statements of NIQ Global Intelligence plc and its consolidated subsidiaries, including the Dutch Holdings and the AI PAVE Entities, as a transaction between entities under common control. The recast presentation is effective for the financial statements as of and for the earliest period presented. Prior to the Reorganization, NIQ Global Intelligence plc had no material assets and conducted no operations (other than activities incidental to its formation, the Reorganization and the IPO). Aside from the impact of the Warrant (as further described below), the Company has assessed the impact to the condensed consolidated financial statements of NIQ Global Intelligence plc as a result of the Reorganization to be immaterial.
With the exception of the recast historical financial information noted above, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and reflect all normal and recurring adjustments that are, in the opinion of management, necessary to fairly present the Company’s financial position, results of operations and cash flows for the periods presented. The results for the interim periods presented herein are not necessarily indicative of the results to be expected for the full year or any other future annual or interim period.
The Company entered into an agreement to sell its ownership interest in Netquest, a consumer panel provider acquired through the GfK Combination, on December 17, 2024. On February 3, 2025, the Company completed the sale. See Note 3. “Disposals” for further information.
Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three months ended March 31, 2026.
The unaudited condensed consolidated financial information should be read in conjunction with the audited consolidated annual financial statements and notes thereto as of and for the fiscal year ended December 31, 2025
Recently Adopted and Recently Issued Accounting Pronouncements
Recently Adopted Accounting Pronouncements
In November 2023, the Financial Accounting Standards Board (“the FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands segment disclosure requirements for public entities. This ASU updates the requirements for segment reporting to include, among other things, disclosing significant segment expenses by reportable segment if they are regularly provided to the chief operating decision maker and included in the measure of segment profit and extending nearly all annual segment reporting requirements to quarterly reporting requirements. The standard is effective on a retrospective basis for annual periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company adopted this ASU for the year ended December 31, 2024. See Note 13. “Reportable Segments” for more information on reportable segments.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation and modifies other income tax-related disclosures. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2024. The Company adopted this ASU for the year ended December 31, 2025. See the audited consolidated annual financial statements and notes thereto as of and for the fiscal year ended December 31, 2025 included in our 2025 Annual Report on Form 10-K for the incremental tax disclosures required under this ASU.
Recently Issued Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. This guidance is effective for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this ASU on its related disclosures.
In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which clarifies and modernizes the accounting for costs related to internal-use software. The guidance is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this ASU on its related disclosures.
Other recently issued accounting pronouncements are either not applicable or are not expected to have a material impact on the Company.
Other than the significant accounting policies described above, there have been no changes to the significant accounting policies described in the Company’s audited consolidated annual financial statements and notes thereto presented for the fiscal year ended December 31, 2025.
v3.26.1
DISPOSALS
 3 Months Ended
Mar. 31, 2026
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSALS
3. DISPOSALS
Sale of Netquest
On December 17, 2024, the Company entered into an agreement to sell its ownership interest in Netquest, a panel provider acquired through the GfK Combination. On February 3, 2025, the Company completed the sale for cash consideration of €58.1 million (equivalent to approximately $60.3 million USD), subject to final closing adjustments. The Company recognized a gain from the sale of $5.6 million, after related transaction costs, during the three months ended March 31, 2025, which is recorded within selling, general and administrative expenses.
The sale of Netquest did not represent a strategic shift that had a major effect on the Company’s operations and financial results, and therefore did not meet the criteria to be classified as discontinued operations. The Netquest business was reported within the EMEA reportable segment prior to the sale.
v3.26.1
REVENUE
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
REVENUE
4. REVENUE
NIQ provides data and analytical services through its Intelligence and Activation offerings to clients globally in various end markets within its reportable segments, which consist of Americas, EMEA and APAC. Segment results have been adjusted retrospectively as a result of the Company reorganizing its segments as further discussed in Note 13. “Reportable Segments”. NIQ’s revenue streams are characterized by multi-year contracts, high contract renewal rates and client diversity. No single client accounted for more than 5% of NIQ’s revenues for the three months ended March 31, 2026 and 2025.
The following table disaggregates revenue by reportable segment:
Three Months Ended March 31,
(in millions)
20262025
Americas
$432.2 $380.6 
EMEA487.3 430.5 
APAC153.2 154.8 
Total revenues$1,072.7 $965.9 
The following table disaggregates revenue by major product offerings and by timing of revenue recognition:
Three Months Ended March 31,
(in millions)
20262025
Major product offerings
Intelligence$884.0 $797.4 
Activation188.7 168.5 
Total revenues$1,072.7 $965.9 

Timing of revenue recognition
Data and services transferred over time
$909.2 $807.3 
Data and services transferred at a point in time
163.5 158.6 
Total revenues$1,072.7 $965.9 
Revenues in the United States represented approximately 24% and 25% of total revenues for the three months ended March 31, 2026 and 2025, respectively. No other individual country’s revenues were greater than 10% of total revenues during these periods. Revenues in Ireland, the Company’s country of domicile, represented approximately 1% of total revenues for the three months ended March 31, 2026 and 2025.
At the inception of a contract, NIQ generally expects the period between when it transfers its data and services to its clients and when the client pays for such services will be one year or less.
Contract assets represent NIQ’s rights to consideration in exchange for services transferred to a client that have not been billed as of the reporting date. While the Company’s rights to consideration are generally unconditional at the time its performance obligations are satisfied, under certain circumstances the related billing occurs in arrears. At March 31, 2026 and December 31, 2025, $241.6 million and $133.9 million, respectively, of contract assets were recorded as a component of trade receivables, net in the unaudited condensed consolidated balance sheets.
Deferred revenues relate to advance consideration received or the right to consideration that is unconditional from clients for which revenue is recognized when the performance obligation is satisfied and control is transferred to the client. At December 31, 2025, $262.0 million of deferred revenues were recorded in the unaudited condensed consolidated balance sheets, of which substantially all was recognized as revenue during the three months ended March 31, 2026. At March 31, 2026, the balance of deferred revenues was $331.0 million.
Remaining performance obligations include both amounts recorded as deferred revenue on the balance sheet as of March 31, 2026 as well as amounts not yet invoiced to clients as of March 31, 2026, largely reflecting future revenue related to signed multi-year arrangements. The Company excludes from its calculation of remaining performance obligations those contracts with a term of less than 12 months or a termination for convenience clause.
As of March 31, 2026, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1.9 billion. The Company expects to recognize revenue related to these performance obligations as follows:
Year Ending December 31,(in millions)
Remainder of 2026$709.5 
2027633.2
2028372.0
Thereafter146.0
Total$1,860.7 
v3.26.1
GOODWILL
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL
5. GOODWILL
The table below summarizes the changes in the carrying amount of goodwill by reportable segment during the periods presented:
(in millions)
AmericasEMEAAPACTotal
Balance at December 31, 2025
$669.5 $1,221.8 $540.4 $2,431.7 
Reporting unit reassignment(1)
— 98.0 (98.0)— 
Foreign currency exchange rate changes
6.6 (23.9)(2.8)(20.1)
Balance at March 31, 2026
$676.1 $1,295.9 $439.6 $2,411.6 
(1) Represents the reassignment of goodwill as a result of the Company reorganizing its segments as further discussed in Note 13. “Reportable Segments”.
v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION
6. SUPPLEMENTAL BALANCE SHEET INFORMATION
The Company estimates credit losses over the life of its trade accounts receivable using a combination of historical loss data, current credit conditions, specific client circumstances and reasonable and supportable forecasts of future economic conditions. As of March 31, 2026 and December 31, 2025, the allowance for expected credit losses was $13.4 million and $11.2 million, respectively. The total amount recorded as selling, general and administrative expenses for credit losses was $2.5 million and $1.1 million for the three months ended March 31, 2026 and 2025, respectively.
The Company has a program in which trade receivables are sold to third parties. On March 25, 2026, the Company amended its existing factoring agreement to increase the available capacity under the program from €270.0 million to €300.0 million (equivalent to approximately $346.6 million USD as of March 31, 2026), with the underlying transactions accounted for as true sales, without recourse. In instances where the underlying sales transaction has not yet met the criteria for revenue recognition, the transfer is accounted for as a sale of future revenues. The proceeds received for the sale of future revenues are recorded within short-term debt and current portion of long-term debt in the unaudited condensed consolidated balance sheets. The Company maintains servicing responsibilities for the majority of the receivables sold during the year, for which the related costs are not significant.
As of March 31, 2026 and December 31, 2025, $154.8 million and $193.9 million, respectively, of previously sold receivables remained outstanding. The Company recorded costs associated with the factoring program in nonoperating expense, net, primarily representing administrative and financing costs which totaled $2.0 million and $2.8 million for the three months ended March 31, 2026 and 2025, respectively. The Company recorded a liability for its financing obligation under the program of $36.0 million and $51.4 million as of March 31, 2026 and December 31, 2025, respectively. The proceeds from the sales are reported as operating activities in the unaudited condensed consolidated statements of cash flows and totaled $324.4 million and $340.1 million for the three months ended March 31, 2026 and 2025, respectively.
Prepaid expenses and other current assets consisted of the following:
(in millions)March 31, 2026December 31, 2025
Prepaid expenses$200.8 $112.9 
Derivative assets (Note 8)
24.8 8.1 
Other19.2 10.4 
$244.8 $131.4 
Other noncurrent assets consisted of the following:
(in millions)March 31, 2026December 31, 2025
Rent guarantee deposits$80.6 $80.9 
Equity method investments59.1 59.7 
Defined benefit plan assets55.4 55.7 
Cost method investments45.0 45.1 
Prepaid expenses15.7 10.9 
Debt issuance costs6.1 6.5 
Other24.4 30.3 
$286.3 $289.1 
Accrued expenses consisted of the following:
(in millions)March 31, 2026December 31, 2025
Data and professional services$230.7 $216.9 
Payroll and benefit costs201.3 257.6 
Restructuring liabilities (Note 11)
73.8 51.7 
Accrued income taxes67.1 58.5 
Other41.6 47.0 
$614.5 $631.7 
Other current liabilities consisted of the following:
(in millions)March 31, 2026December 31, 2025
Operating lease liabilities$59.9 $58.7 
Short-term deferred consideration11.1 10.1 
Derivative liabilities (Note 8)
2.6 30.1 
Other98.6 78.6 
$172.2 $177.5 
Other noncurrent liabilities consisted of the following:
(in millions)March 31, 2026December 31, 2025
Defined benefit plan liabilities$104.0 $105.5 
Derivative liabilities (Note 8)
88.1 70.7 
Long-term deferred consideration21.1 19.2 
Restructuring liabilities (Note 11)
5.3 1.4 
Other142.4 145.0 
$360.9 $341.8 
v3.26.1
DEBT
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
DEBT
7. DEBT
Term Loans and Revolver
The Company, through its subsidiaries, has a credit agreement (“the Credit Agreement”), comprising term loans and a revolving facility (the “Revolver”). In connection with the Credit Agreement, the Company is party to the Dutch Security Agreement and has pledged bank receivables and intercompany receivables (each as defined in the Dutch Security Agreement).
2025 Debt Refinancing
On January 24, 2025, the Credit Agreement was amended to consolidate previous debt tranches into a single USD Term Loan (“USD Term Loan”) and a single EUR Term Loan (“EUR Term Loan”) (the “2025 Debt Refinancing”). The transaction resulted in a $10.3 million loss related to the write-off of unamortized debt discount and issuance costs, along with expense of $0.3 million for third-party legal fees. The Company recorded the loss in nonoperating expense, net. The Revolver remains unchanged as a result of the 2025 Debt Refinancing. The term loans mature on March 5, 2028 and require quarterly principal payments equal to 0.25% of the original principal. The respective terms of each debt arrangement are further described below.
On July 11, 2025, the Credit Agreement was amended, subject to the closing of the IPO, to, among other things, (i) increase the aggregate principal amount of the Revolver to $750.0 million, (ii) extend the maturity date with respect to Revolver to July 30, 2030; provided that if by a date no later than the Modified Maturity Date (as defined below), any term loans borrowed under the Credit Agreement with an aggregate principal amount in excess of $1.0 billion are outstanding and the maturity date applicable to such term loans is earlier than the date that is 90 days after July 30, 2030 (the “Trigger Maturity Date”), such maturity date shall be the date that is 91 days prior to the Trigger Maturity Date (the “Modified Maturity Date”), (iii) reduce the interest rate spread with respect to the revolving facility to a spread of 225 to 275 basis points dependent on certain ratio levels and (iv) reduce the commitment fee rate with respect to the revolving facility to 25 to 37.5 basis points dependent on certain ratio levels. On July 24, 2025, as part of the IPO discussed in Note 1. “Organization”, the Company used approximately $533.4 million of the net proceeds from the IPO to repay all outstanding principal amounts under the Revolver.
On August 12, 2025, the Credit Agreement was most recently amended to, among other things, (a) refinance and replace the existing USD Term Loan with a new USD term loan facility with a reduced interest rate spread of 225 to 250 basis points dependent on certain ratio levels, (b) refinance and replace the existing EUR Term Loan with a new EUR term loan facility with a reduced interest rate spread of 275 to 300 basis points dependent on certain ratio levels, (c) extend the maturity date with respect to the USD and EUR term loan facilities to October 31, 2030 and (d) reduce the interest rate spread with respect to the Revolver to a spread of 175 to 225 basis points dependent on certain ratio levels. Additionally, the Company used approximately $298.4 million of the net proceeds from the IPO to repay €255.0 million (approximately $298.4 million USD) of the EUR Term Loan, including accrued interest of $2.8 million USD and accrued interest on the USD Term Loan of $5.7 million.
In connection with both the July 11, 2025 and August 12, 2025 amendments, the Company recognized a combined loss of $24.7 million, which included $16.1 million for the write-off of unamortized discount and $8.6 million for the write-off of unamortized debt issuance costs, along with expense of $1.3 million for third-party legal fees. The amounts associated with the write-off were included in nonoperating expense, net.
The following table sets forth the Company’s outstanding indebtedness as of March 31, 2026 and December 31, 2025:
(in millions)
March 31, 2026December 31, 2025
USD Term Loan, less unamortized discount of $57.6 and $60.8, respectively
$2,189.8 $2,192.2 
EUR Term Loan, less unamortized discount of $26.4 and $28.3, respectively
1,284.8 1,304.8 
Revolver— — 
Other debt29.2 33.1 
Total debt3,503.8 3,530.1 
Finance leases62.4 69.7
Other financing obligations36.0 51.4
Total debt, finance leases and other financing obligations3,602.2 3,651.2 
Less: Unamortized debt issuance costs(38.9)(41.1)
Less: Short-term debt and current portion of long-term debt(89.8)(107.5)
Total long-term debt
$3,473.5 $3,502.6 
USD Term Loan
On January 24, 2025, the Credit Agreement was amended to consolidate the outstanding 2021 USD Term Loan, 2023 USD Term Loan and 2023 Liquidity Term Loan into the USD Term Loan. At the time of the amendment the loans had an aggregate principal balance of $2,263.4 million. Immediately following the 2025 Debt Refinancing, the USD Term Loan had a principal balance of $2,270.0 million. The Credit Agreement was also amended to reduce the interest rate spread on the USD Term Loan to 350 basis points.
On August 12, 2025, the Credit Agreement was amended to reduce the interest rate spread on the USD Term Loan to 250 basis points and extend the maturity date to October 31, 2030. The Company used net proceeds from the IPO to repay accrued interest on the USD Term Loan of $5.7 million. Since the third quarter of 2025, the Company has maintained certain ratio levels in the Credit Agreement which continue to allow a reduced interest rate spread of 225 basis points.
At March 31, 2026, the interest rate for the USD Term Loan was approximately 5.9%.
EUR Term Loan
On January 24, 2025, the Credit Agreement was amended to consolidate the outstanding 2021 EUR Term Loan and 2023 EUR Term Loan into the EUR Term Loan. At the time of the amendment the loans had an aggregate principal balance of €1,388.5 million (equivalent to approximately $1,459.3 million USD). Immediately following the 2025 Debt Refinancing, the EUR Term Loan had a principal balance of €1,390.0 million (equivalent to approximately $1,460.9 million USD). The Credit Agreement was also amended to reduce the interest rate spread on the EUR Term Loan to 350 basis points.
On August 12, 2025, the Credit Agreement was amended to reduce the interest rate spread on the EUR Term Loan to 300 basis points and extend the maturity date to October 31, 2030. The Company used net proceeds from the IPO to repay €255.0 million (approximately $298.4 million USD) of the EUR Term Loan, including accrued interest of $2.8 million USD. Since the third quarter of 2025, the Company has maintained certain ratio levels in the Credit Agreement which continue to allow a reduced interest rate spread of 275 basis points.
At March 31, 2026, the interest rate for the EUR Term Loan was approximately 4.7%.
Revolver
On March 5, 2021, the Company entered into a revolving facility. The maximum borrowing capacity was $350.0 million at the commencement of the facility, with the capacity being increased through subsequent amendments to the Credit Agreement. At the commencement of the Credit Agreement, the Revolver had a maturity date of March 5, 2026. The commitment fee is 25 to 50 basis points dependent on certain ratio levels. Borrowings are subject to an interest rate spread of 325 to 375 basis points dependent on certain ratio levels. On August 31, 2022, the Credit Agreement was amended to replace LIBOR with term SOFR for borrowings denominated in U.S. dollars. On June 28, 2024, the Credit Agreement was amended to extend the maturity date of the Revolver to March 5, 2028.
On July 11, 2025, the Credit Agreement was amended, subject to the closing of the IPO, to, among other things, (i) increase the aggregate principal amount of the Revolver to $750.0 million, (ii) extend the maturity date with respect to Revolver to July 30, 2030; provided that if by a date no later than the Modified Maturity Date (as defined below), any term loans borrowed under the Credit Agreement with an aggregate principal amount in excess of $1.0 billion are outstanding and the maturity date applicable to such term loans is earlier than the date that is 90 days after July 30, 2030 (the “Trigger Maturity Date”), such maturity date shall be the date that is 91 days prior to the Trigger Maturity Date (the “Modified Maturity Date”), (iii) reduce the interest rate spread with respect to the revolving facility to a spread of 225 to 275 basis points dependent on certain ratio levels and (iv) reduce the commitment fee rate with respect to the revolving facility to 25 to 37.5 basis points dependent on certain ratio levels. On July 24, 2025, the Company used approximately $533.4 million of the net proceeds from the IPO to repay all outstanding principal amounts under the Revolver. On August 12, 2025, the Credit Agreement was amended to reduce the interest rate spread with respect to the Revolver to a spread of 175 to 225 basis points dependent on certain ratio levels.
At March 31, 2026 and December 31, 2025, the maximum and available borrowing capacity under the Revolver was $747.5 million due to no outstanding borrowings on the Revolver reduced by an outstanding letter of credit with the lender as of the reported dates.
Covenant Compliance
The Credit Agreement contains various restrictive covenants that, among other things, impose limitations on: (i) the incurrence of additional indebtedness; (ii) creation of liens; (iii) dividend payments or certain other restricted payments or investments and (iv) mergers, consolidations or sales. The Credit Agreement also requires the Company to maintain a certain ratio of Consolidated First Lien Debt to Consolidated Adjusted EBITDA (as defined in the Credit Agreement) if outstanding indebtedness exceeds a certain level. In addition, the Credit Agreement requires mandatory prepayments of the term loans if the Company’s excess cash flow (as defined in the Credit Agreement) exceeds a certain level.
The Company was in compliance with all relevant covenants contained in the Credit Agreement as of March 31, 2026.
Maturity Profile
The following table sets forth the aggregate principal repayment requirements for total debt:
(in millions)
Remainder of 2026$19.0 
202749.1 
202823.0 
202922.9 
20303,473.8 
Thereafter— 
Total payments on debt
3,587.8 
Unamortized debt discounts
(84.0)
Total debt
$3,503.8 
Debt Issuance Costs
The Company capitalizes costs associated with the issuance of debt, and such costs are amortized over the term of the respective debt instrument. The Company incurred costs associated with executing amendments related to the term loans of $2.5 million for the three months ended March 31, 2025. The Company did not incur such costs for the three months ended March 31, 2026
As of March 31, 2026 and December 31, 2025, unamortized debt issuance costs associated with the Company’s term loans totaled $38.9 million and $41.1 million, respectively, and were presented as a reduction of debt in the unaudited condensed consolidated balance sheets. Unamortized debt issuance costs associated with the Revolver totaled $6.1 million and $6.5 million as of March 31, 2026 and December 31, 2025, respectively, and were presented as other noncurrent assets in the unaudited condensed consolidated balance sheets.
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE OF FINANCIAL INSTRUMENTS
8. FAIR VALUE OF FINANCIAL INSTRUMENTS
The Company’s financial instruments primarily consist of cash and cash equivalents, trade receivables, accounts payable, outstanding indebtedness, derivative instruments and benefit plan assets. The carrying value of the Company’s financial instruments approximates fair value due to the short-term nature of the instruments, except for outstanding indebtedness, derivative instruments and other financial instruments as further discussed below.
The inputs used in the determination of fair values are categorized according to the fair value hierarchy as being Level 1, Level 2 or Level 3. In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets or liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset or liability.
Investments
The Company has investments in equity securities that are considered strategically and operationally important to its business. These investments are accounted for under the equity method where the Company has the ability to significantly influence the operations of the entity. At March 31, 2026 and December 31, 2025, equity method investments were $59.1 million and $59.7 million, respectively, and are included in other noncurrent assets in the unaudited condensed consolidated balance sheets. At March 31, 2026 and December 31, 2025, there were trade receivables of $1.9 million and $4.4 million, respectively, and trade payables of $3.5 million and $4.9 million, respectively, related to transactions with the Company’s largest equity method investment.
Excluding equity method investments, equity securities with a readily determinable fair value are recorded at fair value. Equity securities without a readily determinable fair value are recorded at cost less any impairment. At March 31, 2026 and December 31, 2025, the Company held $45.0 million and $45.1 million, respectively, of investments in equity securities without a readily determinable fair value. These amounts represent investments in entities where the Company does not have the ability to significantly influence the operations of the entity and are presented as other noncurrent assets in the unaudited condensed consolidated balance sheets.
The Company assessed the investments for indicators of impairment and concluded no such indicators exist.
Debt Instruments
The fair value of the Company’s debt instruments is measured using observable market information which would be considered Level 2 in the fair value hierarchy. The following table sets forth the carrying value and fair value amounts of the Company’s term loans:
March 31, 2026December 31, 2025
(in millions)
Carrying ValueFair ValueCarrying ValueFair Value
Term Loans(1)(2)
$3,558.6 $3,516.1 $3,586.1 $3,599.5 
(1) The carrying value of the term loans is presented on a gross basis and excludes unamortized debt discounts.
(2) The reported carrying values of other debt instruments approximate their fair values.
Derivative Instruments
The Company is exposed to cash flow interest rate risk on floating-rate debt under its Credit Agreement and periodically uses interest rate swaps, interest rate caps and interest rate collars to hedge this exposure. The Company is also exposed to fluctuations in foreign currency under its Credit Agreement as certain debt obligations are denominated in a currency other than an entity’s functional currency. The Company uses cross-currency swaps as a hedge of both the foreign currency and interest rate exposures. The interest rate derivative instruments and cross-currency swaps have expiration dates through February 2029 and are designated as hedges for accounting purposes.
The Company also uses cross-currency swaps to hedge foreign currency risk of its net investments in certain foreign subsidiaries. These cross-currency swaps have expiration dates through February 2029 and are designated as net investment hedges for accounting purposes.
The Company uses foreign exchange forward contracts to minimize the effect of fluctuating foreign-currency denominated accounts on its earnings, which are not designated as hedges for accounting purposes. As such, gains and losses from changes in fair value are recorded directly to earnings as a component of foreign currency exchange gain, net. In April 2025, the Company entered into foreign exchange forward contracts designated as cash flow hedges for accounting purposes, with the exception of its euro currency hedges, which are not fully designated as hedges for accounting purposes. The foreign exchange forward contracts have expiration dates through February 2027.
For derivatives designated as hedges for accounting purposes, the Company reports the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive (loss) income and reclassifies it into earnings in the same period or periods in which the hedged transaction affects earnings and within the same income statement line item as the impact of the hedged transaction.
The Company regularly monitors the creditworthiness of its counterparties to ensure no issues exist that could affect the value of its derivatives. Since the counterparties to derivative instruments have investment-grade credit ratings, the Company considers the counterparty risk to be remote.
In November 2023 and July 2024, the Company settled outstanding interest rate derivative contracts and outstanding cross-currency swaps prior to the expiration of their contractual maturities through March 2025 and February 2026, respectively. As these settled contracts were designated as hedges, the associated gains are a component of accumulated other comprehensive (loss) income and will be reclassified into earnings as the original hedged transaction affects earnings. The Company reclassified gains of $0.3 million and $9.2 million into earnings for the three months ended March 31, 2026 and 2025, respectively.
The following table sets forth the fair value amounts of derivatives presented in the unaudited condensed consolidated financial statements:
March 31, 2026December 31, 2025
(in millions)
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
Derivatives designated as cash flow hedges
Interest rate contracts
$9.2 $0.9 $0.4 $3.4 
Cross-currency swaps10.6 65.9 5.6 84.8 
Foreign exchange forward contracts
1.4 0.8 0.2 1.4 
$21.2 $67.6 $6.2 $89.6 
Derivatives designated as net investment hedges
Cross-currency swaps$3.2 $22.2 $1.6 $10.5 
Derivatives not designated as hedging instruments
Cross-currency swaps$— $0.8 $— $— 
Foreign exchange forward contracts
5.8 0.1 0.6 0.7 
$5.8 $0.9 $0.6 $0.7 
Total derivatives$30.2 $90.7 $8.4 $100.8 
As reported in the Unaudited Condensed Consolidated Balance Sheets
Prepaid expenses and other current assets$24.8 $— $8.1 $— 
Other noncurrent assets5.4 — 0.3 — 
Other current liabilities— 2.6 — 30.1 
Other noncurrent liabilities— 88.1 — 70.7 
$30.2 $90.7 $8.4 $100.8 
The fair value of derivative instruments is measured using observable market information. These inputs would be considered Level 2 in the fair value hierarchy. While all of the Company's derivative instruments are subject to master netting arrangements with its counterparties, assets and liabilities related to these contracts are presented on a gross basis within the unaudited condensed consolidated financial statements.
The following tables present the gains (losses) on the Company’s interest rate contracts, cross-currency swaps and foreign exchange forward contracts:
(in millions)
Beginning Accumulated Other Comprehensive Gain (Loss)Amount of gains (losses) recognized, net of taxAmount of gains (losses) reclassified into income, net of taxEnding Accumulated Other Comprehensive Gain (Loss)
Three Months Ended March 31, 2026:
Designated as cash flow hedges:
Interest rate contracts
$(3.2)$8.3 $(2.6)$7.7 
Cross-currency swaps
(6.6)28.6 21.3 0.7 
Foreign exchange forward contracts
(1.1)1.6 (0.1)0.6 
Designated as net investment hedges:
Cross-currency swaps
$(8.5)$(10.0)$— $(18.5)
Three Months Ended March 31, 2025:
Designated as cash flow hedges:
Interest rate contracts
$0.8 $0.2 $8.5 $(7.5)
Cross-currency swaps
(3.9)(31.1)(30.5)(4.5)
Designated as net investment hedges:
Cross-currency swaps$(1.9)$6.0 $— $4.1 
Warrant
Prior to the Reorganization, the Company’s Warrant was held by AI PAVE, an entity that was not previously consolidated in Dutch Holdings’ financial statements. As part of the Reorganization, NIQ Global Intelligence plc retrospectively recast its historical financial statements to present the consolidated results of Dutch Holdings and the AI PAVE Entities on a combined consolidated basis with those of NIQ Global Intelligence plc. See Note 2. “Summary of Significant Accounting Policies” for further detail.
At initial recognition, the Warrant was recorded at fair value and classified as a liability due to a contingent repurchase feature triggered by a change of control event, including an IPO. The liability was remeasured at each reporting date using the Black-Scholes valuation model, with changes in the fair value recorded as a component of nonoperating expense, net. The valuation incorporated unobservable inputs, qualifying the Warrant as a Level 3 instrument under the fair value hierarchy.
Upon the IPO, the Warrant converted to represent the right to subscribe for up to 17,725,122 ordinary shares of NIQ Global Intelligence plc at an exercise price of $16.93 per share, and the contingent repurchase obligation ceased pursuant to the terms of the Warrant. Consequently, the Warrant was reclassified from a liability to permanent equity on the condensed consolidated balance sheets at a fair value of $231.1 million. As the Warrant is no longer subject to remeasurement, future changes in fair value will not be recognized.
The following table presents a reconciliation of the liability-classified Warrant prior to reclassification to equity:
(in millions)
Three Months Ended March 31, 2025
Balance at beginning of period
$191.4 
Change in fair value46.1 
Balance at end of period
$237.5 
The level 3 fair value inputs used in the valuation of the liability-classified Warrant were as follows:
March 31, 2025
Volatility
31.6%
Risk-free rate
4.5%
Discount for lack of marketability7.5%
Term (in years)
15.9
v3.26.1
EARNINGS PER SHARE
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
9. EARNINGS PER SHARE
Basic loss per share is computed by dividing the net loss attributable to NIQ by the weighted-average number of ordinary shares outstanding during the period. Diluted loss per share is computed by giving effect to all potential weighted-average dilutive ordinary stock equivalents, which consist of the Company’s Warrant, restricted stock units (“RSUs”), phantom awards (“Phantom Awards”) and performance stock units (“PSUs”), using the treasury stock method. PSUs and performance-based Phantom Awards, which are considered contingently issuable, are considered dilutive when the related performance criterion has been met. For the three months ended March 31, 2026 and 2025, the Company had no potentially dilutive shares, as the inclusion of such instruments would have been antidilutive (i.e., would have increased income per share or decreased loss per share). Accordingly, they are excluded from the diluted earnings per share calculation.
Prior to the Reorganization, NIQ Global Intelligence plc had 100 ordinary shares outstanding. Following the Reorganization (and prior to the IPO), NIQ Global Intelligence plc had 245,000,000 ordinary shares outstanding, resulting in an effective share split of 1:2,450,000. For purposes of calculating loss per share, the effective share split has been applied retrospectively as though the Reorganization had occurred at the beginning of the earliest period presented, reflecting the common control relationship among the entities involved.
The following table sets forth the computation of basic and diluted loss per share for the periods presented:
Three Months Ended March 31,
(in millions, except share and per share data)
20262025
Numerator:
Net loss$(88.7)$(117.9)
Less: Net income attributable to noncontrolling interests
1.4 1.9 
Net loss attributable to NIQ
$(90.1)$(119.8)
Denominator:
Weighted average basic and diluted NIQ ordinary shares outstanding295,044,637 245,000,000 
Basic and diluted loss per share from:
Net loss attributable to NIQ$(0.31)$(0.49)
Antidilutive securities excluded from the calculation of diluted earnings per share
Warrant
17,725,12217,725,122
RSUs4,519,037— 
PSUs2,460,135— 
Phantom Awards1,385,739— 
Total excluded antidilutive securities26,090,03317,725,122
See Note 16. “Share-based compensation” to the consolidated financial statements within the Company’s 2025 Annual Report on Form 10-K for a description of the terms and conditions of previously granted awards.

During the current quarter ended, additional RSUs were granted, with terms and conditions similar to those granted during 2025, as were performance-based awards. The PSUs and performance‑based Phantom Awards vest based on cumulative performance over a three‑year period, with payouts ranging from 50% to 200% of target depending on achievement of Adjusted earnings per share, revenue, and free cash flow targets. Targets have not yet been achieved.
v3.26.1
INCOME TAXES
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
INCOME TAXES
10. INCOME TAXES
For the three months ended March 31, 2026 and 2025, the Company’s effective tax rate was (41)% and (25)%, respectively. The change in the Company’s effective tax rate for the three months ended March 31, 2026 as compared to the three months ended March 31, 2025 was primarily driven by changes in jurisdictional earnings offset by refunds and non-taxable gains on divestitures in the prior year.
v3.26.1
RESTRUCTURING ACTIVITIES
 3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING ACTIVITIES
11. RESTRUCTURING ACTIVITIES
In February 2026, the Company approved an incremental cost realignment program (the “2026 Program”) intended to further streamline the organization and drive operational efficiency. The 2026 Program supports the Company’s ongoing efforts to enhance margin performance through continued optimization of its workforce, enhancements to its sales organization and other support functions and simplification of overall business processes. Investments in automation and artificial intelligence (“AI”) are anticipated to accelerate the Company’s optimization efforts as it begins its journey to operationalize these digital tools throughout the organization. Collectively, these actions are expected to improve efficiency, customer satisfaction, product innovation and productivity. The 2026 Program is intended to further reduce costs primarily within selling, general and administrative expenses.
The following table summarizes activity related to liabilities associated with restructuring activities:
(in millions)
2026 Program
Cost Efficiency Program(1)
GfK Integration(2)
Total
Balance as of December 31, 2025
$— $8.5 $44.6 $53.1 
Charges (credits)
56.0 (0.3)(0.3)55.4 
Payments
(8.1)(3.0)(17.4)(28.5)
Other adjustments
(0.5)(0.1)(0.3)(0.9)
Balance as of March 31, 2026
$47.4 $5.1 $26.6 $79.1 
(1)As part of the Company’s Transformation Program, the Cost Efficiency Program centers on insourced activity from, and restructured expenses with, third party providers, technology and operational process redesign, labor arbitrage and rationalization and reduction in non-client-impacting expense.
(2)GfK Integration reflects actions to drive permanent cost savings and operational efficiencies in connection with the GfK Combination.
In January 2026, Ms. Tracey Massey resigned from her position as Chief Operating Officer. As a result, for the three months ended March 31, 2026, the Company recognized incremental non‑cash compensation charges of $9.5 million in connection with her separation agreement. These charges, comprised of share-based compensation expense arising from award modifications, were recorded within restructuring costs in the unaudited condensed consolidated statements of operations.
v3.26.1
PENSION AND OTHER POST-RETIREMENT BENEFITS
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
PENSION AND OTHER POST-RETIREMENT BENEFITS
12. PENSION AND OTHER POST-RETIREMENT BENEFITS
The following table presents the components of net periodic pension cost:
Three Months Ended March 31,
(in millions)
20262025
Service cost
$3.4 $2.0 
Interest cost
5.7 5.2 
Expected return on plan assets
(6.9)(6.0)
Amortization of net gain(0.1)(0.1)
Net periodic pension cost$2.1 $1.1 
Service cost is reported as a component of selling, general and administrative expenses. The other components of net periodic pension cost totaling net benefits of $1.3 million and $0.9 million for the three months ended March 31, 2026 and 2025, respectively, were presented as a component of nonoperating expense, net.
v3.26.1
REPORTABLE SEGMENTS
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
REPORTABLE SEGMENTS
13. REPORTABLE SEGMENTS
The Company operates through three reportable segments: (1) Americas, which includes North America and Latin America; (2) EMEA, which includes Europe, the Middle East, Africa and South Asia and (3) APAC, which includes Asia and the western Pacific region. Each segment provides similar services through the Company’s Intelligence and Activation offerings but to different geographic regions across the world.
Beginning in 2026, the South Asia region, which was formerly included in the APAC reportable segment, is managed within the EMEA reportable segment. Additionally, revenues and expenses related to Global Services & Other, which were formerly included in the EMEA reportable segment, are now attributed and reported within the applicable reportable segment based on geographical location of service. Segment results have been adjusted retrospectively to reflect these changes.
The Company’s chief operating decision maker (the “CODM”) is the chief executive officer of the Company. The CODM evaluates performance based on revenues and the profit measure of Adjusted EBITDA, on both a consolidated and a segment basis. The CODM uses Adjusted EBITDA as the profit measure because it eliminates the impact of certain items that are not considered indicative of the core operations of the Company’s business, which is useful to compare operating results between periods. The Company’s executive management team also uses Adjusted EBITDA as a compensation measure under the incentive compensation plans. Adjusted EBITDA is also a measure frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to NIQ. The CODM does not evaluate performance or allocate resources based on segment asset data and therefore total segment assets are not presented.
The Company incurs corporate costs related to centralized support functions, including those related to technology, treasury, tax, legal and other centralized functions. Corporate expenses not directly identifiable with a reportable segment are reported below to reconcile the reportable segments to the unaudited condensed consolidated financial statements.
The following table sets forth revenue, significant segment expenses regularly provided to the CODM and Adjusted EBITDA by reportable segment for the periods presented:
Three Months Ended March 31,
20262025
(in millions)
AmericasEMEAAPACAmericasEMEAAPAC
Revenues
$432.2 $487.3 $153.2 $380.6 $430.5 $154.8 
Less:
Data acquisition costs
110.4 83.6 27.6 86.1 77.1 27.0 
Other segment costs(1)
199.3 248.5 90.8 186.3 228.2 96.2 
Segment Adjusted EBITDA$122.5 $155.2 $34.8 $108.2 $125.2 $31.6 
(1) Other segment costs primarily include personnel-related costs, cloud costs, software and hardware maintenance costs and occupancy costs.
The following table reconciles Adjusted EBITDA by segment to loss before income taxes, for the periods presented:
Three Months Ended March 31,
(in millions)
20262025
Adjusted EBITDA by segment
Americas$122.5 $108.2 
EMEA155.2 125.2 
APAC34.8 31.6 
Total segment Adjusted EBITDA312.5 265.0 
Adjustments to reconcile to loss before income taxes:
Corporate expenses not allocated to segments(87.7)(76.3)
Depreciation and amortization(153.7)(148.5)
Interest expense, net(58.5)(83.5)
2026 Program costs and other non-cash compensation expense(1)
(65.5)— 
Transformation program costs(2)
(8.5)(5.6)
GfK integration costs(3)
(1.7)(14.7)
Acquisitions and transaction related costs(4)
(3.8)(5.4)
Foreign currency exchange gain, net5.6 32.0 
Nonoperating items, net(5)
(1.2)(62.7)
Share-based compensation expense(1.9)(1.3)
Impairment of long-lived assets— (0.7)
Net income attributable to noncontrolling interests1.4 1.9 
Other operating items, net(6)
(0.1)5.2 
Loss before income taxes$(63.1)$(94.6)
(1) Includes (i) 2026 Program restructuring expenses for employee separation costs as further discussed in Note 11. “Restructuring Activities”, as well as additional costs to streamline the organization through accelerated technology investment incurred to improve efficiency, customer satisfaction, product innovation and productivity and (ii) non-cash share-based compensation expense of $9.5 million arising from award modifications resulting from Ms. Tracey Massey’s resignation from her position as Chief Operating Officer.
(2) Transformation program costs include costs associated with accelerated technology investment and consultancy and advisory fees incurred to evaluate and improve organizational efficiencies and operations as well as employee separation costs as further discussed in Note 11. “Restructuring Activities”.
(3) GfK integration costs include costs for consulting fees and integration associated with the GfK Combination as well as employee separation costs as further discussed in Note 11. “Restructuring Activities”.
(4) Acquisitions and transaction related costs represent costs incurred in connection with planned and completed acquisitions, including due diligence, transaction, integration and legal related costs. These costs also include preparation and readiness costs for capital market transactions.
(5) Consists of adjustments related to: (i) net periodic pension costs other than service cost, (ii) factoring fees, (iii) write-off of unamortized debt discount and debt issuance costs, (iv) deconsolidation of subsidiaries, (v) settlement of tax indemnification, (vi) other nonoperating expenses and (vii) remeasurement of warrant to fair value. See Note 14. “Nonoperating expense, net” for further information on these adjustments.
(6) Consists primarily of adjustments related to gain/loss on sale of long-lived assets and gain/loss on settlement of asset retirement obligations.
The Company conducts business in the following countries that hold 10% or more of total tangible long-lived assets:
March 31, 2026December 31, 2025
Germany
26 %25 %
United States
25 %27 %
Tangible long-lived assets in Ireland, the Company’s country of domicile, represented less than 1% of total tangible long-lived assets as of March 31, 2026 and December 31, 2025.
v3.26.1
NONOPERATING EXPENSE, NET
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
NONOPERATING EXPENSE, NET
14. NONOPERATING EXPENSE, NET
The following table sets forth the components of nonoperating expense, net:
Three Months Ended March 31,
(in millions)
20262025
Remeasurement of warrant to fair value (Note 8)
$— $(46.1)
Write-off of unamortized debt discount and debt issuance costs (Note 7)
— (10.3)
Factoring fees(2.0)(2.8)
Net periodic pension benefit, other than service cost
1.3 0.9 
Earnings from equity method investments1.2 1.1 
Income from transition services agreement
— 2.8 
Settlement of tax indemnification
0.5 (4.1)
Other
(1.0)(0.3)
Nonoperating expense, net$— $(58.8)
v3.26.1
COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
15. COMMITMENTS AND CONTINGENCIES
The Company is subject to litigation and other claims in the ordinary course of business. As of March 31, 2026, the Company does not believe there is a reasonable possibility that any material loss exceeding the amounts already recognized for such legal matters has been incurred. However, the ultimate resolutions of these legal matters are inherently unpredictable. As such, the Company’s financial condition and results of operations could be adversely affected in any particular period by the unfavorable resolution of one or more of these legal matters. Further, there can be no assurance that future litigation to which the Company becomes a party will not have a material adverse effect on the business, financial position, cash flows or results of operations.
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE LOSS
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS
16. ACCUMULATED OTHER COMPREHENSIVE LOSS
The following table sets forth the changes in each component of accumulated other comprehensive loss, net of tax:
(in millions)Foreign Currency TranslationDefined Benefit PlansCash Flow HedgesAccumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2025
$(2.2)$(18.9)$(10.9)$(32.0)
Foreign currency adjustments:
Foreign currency translation adjustments(3.1)— — (3.1)
Net investment hedges(10.0)— — (10.0)
Cash flow hedges, net of tax of $—
— — 19.9 19.9 
Balance as of March 31, 2026$(15.3)$(18.9)$9.0 $(25.2)
Balance as of December 31, 2024
$(16.0)$(18.6)$(3.1)$(37.7)
Foreign currency adjustments:
Foreign currency translation adjustments(8.3)— — (8.3)
Net investment hedges6.0 — — 6.0 
Cash flow hedges, net of tax of $—
— — (8.9)(8.9)
Balance as of March 31, 2025$(18.3)$(18.6)$(12.0)$(48.9)
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Basis of Presentation The unaudited condensed consolidated financial statements include the accounts of the Company and its consolidated subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in the financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations.
Prior to the effects of the Reorganization and IPO, the historical financial statements presented the financial information of Dutch Holdings. Subsequent to the Reorganization and IPO as described above in Note 1. “Organization”, the accompanying financial statements have been recast to reflect the consolidated financial statements of NIQ Global Intelligence plc and its consolidated subsidiaries, including the Dutch Holdings and the AI PAVE Entities, as a transaction between entities under common control. The recast presentation is effective for the financial statements as of and for the earliest period presented. Prior to the Reorganization, NIQ Global Intelligence plc had no material assets and conducted no operations (other than activities incidental to its formation, the Reorganization and the IPO). Aside from the impact of the Warrant (as further described below), the Company has assessed the impact to the condensed consolidated financial statements of NIQ Global Intelligence plc as a result of the Reorganization to be immaterial.
With the exception of the recast historical financial information noted above, the unaudited condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements and reflect all normal and recurring adjustments that are, in the opinion of management, necessary to fairly present the Company’s financial position, results of operations and cash flows for the periods presented. The results for the interim periods presented herein are not necessarily indicative of the results to be expected for the full year or any other future annual or interim period.
Basis of Presentation Intercompany transactions and balances have been eliminated. Noncontrolling interests are recorded for entities that are consolidated, but for which NIQ owns less than 100% of the equity interests.
Reclassification
Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three months ended March 31, 2026.
Recently Adopted and Recently Issued Accounting Pronouncements Not Yet Adopted
Recently Adopted Accounting Pronouncements
In November 2023, the Financial Accounting Standards Board (“the FASB”) issued Accounting Standards Update (“ASU”) 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures, which expands segment disclosure requirements for public entities. This ASU updates the requirements for segment reporting to include, among other things, disclosing significant segment expenses by reportable segment if they are regularly provided to the chief operating decision maker and included in the measure of segment profit and extending nearly all annual segment reporting requirements to quarterly reporting requirements. The standard is effective on a retrospective basis for annual periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. The Company adopted this ASU for the year ended December 31, 2024. See Note 13. “Reportable Segments” for more information on reportable segments.
In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvement to Income Tax Disclosures, which requires disclosure of disaggregated income taxes paid, prescribes standard categories for the components of the effective tax rate reconciliation and modifies other income tax-related disclosures. The standard is effective for financial statements issued for fiscal years beginning after December 15, 2024. The Company adopted this ASU for the year ended December 31, 2025. See the audited consolidated annual financial statements and notes thereto as of and for the fiscal year ended December 31, 2025 included in our 2025 Annual Report on Form 10-K for the incremental tax disclosures required under this ASU.
Recently Issued Accounting Pronouncements Not Yet Adopted
In November 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income-Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which requires entities to disclose additional information about specific expense categories in the notes to the financial statements on an interim and annual basis. This guidance is effective for annual reporting periods beginning after December 15, 2026, and interim periods beginning after December 15, 2027. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this ASU on its related disclosures.
In September 2025, the FASB issued ASU 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software, which clarifies and modernizes the accounting for costs related to internal-use software. The guidance is effective for annual reporting periods beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this ASU on its related disclosures.
Other recently issued accounting pronouncements are either not applicable or are not expected to have a material impact on the Company.
Other than the significant accounting policies described above, there have been no changes to the significant accounting policies described in the Company’s audited consolidated annual financial statements and notes thereto presented for the fiscal year ended December 31, 2025.
Revenue
At the inception of a contract, NIQ generally expects the period between when it transfers its data and services to its clients and when the client pays for such services will be one year or less.
Contract assets represent NIQ’s rights to consideration in exchange for services transferred to a client that have not been billed as of the reporting date. While the Company’s rights to consideration are generally unconditional at the time its performance obligations are satisfied, under certain circumstances the related billing occurs in arrears. At March 31, 2026 and December 31, 2025, $241.6 million and $133.9 million, respectively, of contract assets were recorded as a component of trade receivables, net in the unaudited condensed consolidated balance sheets.
Deferred revenues relate to advance consideration received or the right to consideration that is unconditional from clients for which revenue is recognized when the performance obligation is satisfied and control is transferred to the client. At December 31, 2025, $262.0 million of deferred revenues were recorded in the unaudited condensed consolidated balance sheets, of which substantially all was recognized as revenue during the three months ended March 31, 2026. At March 31, 2026, the balance of deferred revenues was $331.0 million.
Remaining performance obligations include both amounts recorded as deferred revenue on the balance sheet as of March 31, 2026 as well as amounts not yet invoiced to clients as of March 31, 2026, largely reflecting future revenue related to signed multi-year arrangements. The Company excludes from its calculation of remaining performance obligations those contracts with a term of less than 12 months or a termination for convenience clause.
Credit Losses The Company estimates credit losses over the life of its trade accounts receivable using a combination of historical loss data, current credit conditions, specific client circumstances and reasonable and supportable forecasts of future economic conditions.
Fair Value of Financial Instruments
The Company’s financial instruments primarily consist of cash and cash equivalents, trade receivables, accounts payable, outstanding indebtedness, derivative instruments and benefit plan assets. The carrying value of the Company’s financial instruments approximates fair value due to the short-term nature of the instruments, except for outstanding indebtedness, derivative instruments and other financial instruments as further discussed below.
The inputs used in the determination of fair values are categorized according to the fair value hierarchy as being Level 1, Level 2 or Level 3. In general, fair values determined by Level 1 inputs use quoted prices in active markets for identical assets or liabilities. Fair values determined by Level 2 inputs use other inputs that are observable, either directly or indirectly. These Level 2 inputs include quoted prices for similar assets or liabilities in active markets, and other inputs such as interest rates and yield curves that are observable at commonly quoted intervals. Level 3 inputs are unobservable inputs, including inputs that are available in situations where there is little, if any, market activity for the related asset or liability. In instances where inputs used to measure fair value fall into different levels in the above fair value hierarchy, fair value measurements in their entirety are categorized based on the lowest level input that is significant to the valuation. The assessment of the significance of particular inputs to these fair value measurements requires judgment and considers factors specific to each asset or liability.
The fair value of the Company’s debt instruments is measured using observable market information which would be considered Level 2 in the fair value hierarchy.
The fair value of derivative instruments is measured using observable market information. These inputs would be considered Level 2 in the fair value hierarchy. While all of the Company's derivative instruments are subject to master netting arrangements with its counterparties, assets and liabilities related to these contracts are presented on a gross basis within the unaudited condensed consolidated financial statements.
Investments, Equity Securities The Company has investments in equity securities that are considered strategically and operationally important to its business. These investments are accounted for under the equity method where the Company has the ability to significantly influence the operations of the entity.
Investments, Equity Securities Without a Readily Determinable Fair Value equity method investments, equity securities with a readily determinable fair value are recorded at fair value. Equity securities without a readily determinable fair value are recorded at cost less any impairment. At March 31, 2026 and December 31, 2025, the Company held $45.0 million and $45.1 million, respectively, of investments in equity securities without a readily determinable fair value. These amounts represent investments in entities where the Company does not have the ability to significantly influence the operations of the entity and are presented as other noncurrent assets in the unaudited condensed consolidated balance sheets.
Derivative Instruments
The Company is exposed to cash flow interest rate risk on floating-rate debt under its Credit Agreement and periodically uses interest rate swaps, interest rate caps and interest rate collars to hedge this exposure. The Company is also exposed to fluctuations in foreign currency under its Credit Agreement as certain debt obligations are denominated in a currency other than an entity’s functional currency. The Company uses cross-currency swaps as a hedge of both the foreign currency and interest rate exposures. The interest rate derivative instruments and cross-currency swaps have expiration dates through February 2029 and are designated as hedges for accounting purposes.
The Company also uses cross-currency swaps to hedge foreign currency risk of its net investments in certain foreign subsidiaries. These cross-currency swaps have expiration dates through February 2029 and are designated as net investment hedges for accounting purposes.
The Company uses foreign exchange forward contracts to minimize the effect of fluctuating foreign-currency denominated accounts on its earnings, which are not designated as hedges for accounting purposes. As such, gains and losses from changes in fair value are recorded directly to earnings as a component of foreign currency exchange gain, net. In April 2025, the Company entered into foreign exchange forward contracts designated as cash flow hedges for accounting purposes, with the exception of its euro currency hedges, which are not fully designated as hedges for accounting purposes. The foreign exchange forward contracts have expiration dates through February 2027.
For derivatives designated as hedges for accounting purposes, the Company reports the after-tax gain or loss from the effective portion of the hedge as a component of accumulated other comprehensive (loss) income and reclassifies it into earnings in the same period or periods in which the hedged transaction affects earnings and within the same income statement line item as the impact of the hedged transaction.
The Company regularly monitors the creditworthiness of its counterparties to ensure no issues exist that could affect the value of its derivatives. Since the counterparties to derivative instruments have investment-grade credit ratings, the Company considers the counterparty risk to be remote.
In November 2023 and July 2024, the Company settled outstanding interest rate derivative contracts and outstanding cross-currency swaps prior to the expiration of their contractual maturities through March 2025 and February 2026, respectively. As these settled contracts were designated as hedges, the associated gains are a component of accumulated other comprehensive (loss) income and will be reclassified into earnings as the original hedged transaction affects earnings. The Company reclassified gains of $0.3 million and $9.2 million into earnings for the three months ended March 31, 2026 and 2025, respectively.
Earnings Per Share Basic loss per share is computed by dividing the net loss attributable to NIQ by the weighted-average number of ordinary shares outstanding during the period. Diluted loss per share is computed by giving effect to all potential weighted-average dilutive ordinary stock equivalents, which consist of the Company’s Warrant, restricted stock units (“RSUs”), phantom awards (“Phantom Awards”) and performance stock units (“PSUs”), using the treasury stock method.
Reportable Segments
The Company operates through three reportable segments: (1) Americas, which includes North America and Latin America; (2) EMEA, which includes Europe, the Middle East, Africa and South Asia and (3) APAC, which includes Asia and the western Pacific region. Each segment provides similar services through the Company’s Intelligence and Activation offerings but to different geographic regions across the world.
Beginning in 2026, the South Asia region, which was formerly included in the APAC reportable segment, is managed within the EMEA reportable segment. Additionally, revenues and expenses related to Global Services & Other, which were formerly included in the EMEA reportable segment, are now attributed and reported within the applicable reportable segment based on geographical location of service. Segment results have been adjusted retrospectively to reflect these changes.
The Company’s chief operating decision maker (the “CODM”) is the chief executive officer of the Company. The CODM evaluates performance based on revenues and the profit measure of Adjusted EBITDA, on both a consolidated and a segment basis. The CODM uses Adjusted EBITDA as the profit measure because it eliminates the impact of certain items that are not considered indicative of the core operations of the Company’s business, which is useful to compare operating results between periods. The Company’s executive management team also uses Adjusted EBITDA as a compensation measure under the incentive compensation plans. Adjusted EBITDA is also a measure frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to NIQ. The CODM does not evaluate performance or allocate resources based on segment asset data and therefore total segment assets are not presented.
The Company incurs corporate costs related to centralized support functions, including those related to technology, treasury, tax, legal and other centralized functions. Corporate expenses not directly identifiable with a reportable segment are reported below to reconcile the reportable segments to the unaudited condensed consolidated financial statements.
v3.26.1
REVENUE (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table disaggregates revenue by reportable segment:
Three Months Ended March 31,
(in millions)
20262025
Americas
$432.2 $380.6 
EMEA487.3 430.5 
APAC153.2 154.8 
Total revenues$1,072.7 $965.9 
The following table disaggregates revenue by major product offerings and by timing of revenue recognition:
Three Months Ended March 31,
(in millions)
20262025
Major product offerings
Intelligence$884.0 $797.4 
Activation188.7 168.5 
Total revenues$1,072.7 $965.9 

Timing of revenue recognition
Data and services transferred over time
$909.2 $807.3 
Data and services transferred at a point in time
163.5 158.6 
Total revenues$1,072.7 $965.9 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction The Company expects to recognize revenue related to these performance obligations as follows:
Year Ending December 31,(in millions)
Remainder of 2026$709.5 
2027633.2
2028372.0
Thereafter146.0
Total$1,860.7 
v3.26.1
GOODWILL (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of the Changes in the Carrying Amount of Goodwill by Reportable Segment
The table below summarizes the changes in the carrying amount of goodwill by reportable segment during the periods presented:
(in millions)
AmericasEMEAAPACTotal
Balance at December 31, 2025
$669.5 $1,221.8 $540.4 $2,431.7 
Reporting unit reassignment(1)
— 98.0 (98.0)— 
Foreign currency exchange rate changes
6.6 (23.9)(2.8)(20.1)
Balance at March 31, 2026
$676.1 $1,295.9 $439.6 $2,411.6 
(1) Represents the reassignment of goodwill as a result of the Company reorganizing its segments as further discussed in Note 13. “Reportable Segments”.
v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
(in millions)March 31, 2026December 31, 2025
Prepaid expenses$200.8 $112.9 
Derivative assets (Note 8)
24.8 8.1 
Other19.2 10.4 
$244.8 $131.4 
Schedule of Other Noncurrent Assets
Other noncurrent assets consisted of the following:
(in millions)March 31, 2026December 31, 2025
Rent guarantee deposits$80.6 $80.9 
Equity method investments59.1 59.7 
Defined benefit plan assets55.4 55.7 
Cost method investments45.0 45.1 
Prepaid expenses15.7 10.9 
Debt issuance costs6.1 6.5 
Other24.4 30.3 
$286.3 $289.1 
Schedule of Accrued Expenses
Accrued expenses consisted of the following:
(in millions)March 31, 2026December 31, 2025
Data and professional services$230.7 $216.9 
Payroll and benefit costs201.3 257.6 
Restructuring liabilities (Note 11)
73.8 51.7 
Accrued income taxes67.1 58.5 
Other41.6 47.0 
$614.5 $631.7 
Schedule of Other Current Liabilities
Other current liabilities consisted of the following:
(in millions)March 31, 2026December 31, 2025
Operating lease liabilities$59.9 $58.7 
Short-term deferred consideration11.1 10.1 
Derivative liabilities (Note 8)
2.6 30.1 
Other98.6 78.6 
$172.2 $177.5 
Schedule of Other Noncurrent Liabilities
Other noncurrent liabilities consisted of the following:
(in millions)March 31, 2026December 31, 2025
Defined benefit plan liabilities$104.0 $105.5 
Derivative liabilities (Note 8)
88.1 70.7 
Long-term deferred consideration21.1 19.2 
Restructuring liabilities (Note 11)
5.3 1.4 
Other142.4 145.0 
$360.9 $341.8 
v3.26.1
DEBT (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Indebtedness
The following table sets forth the Company’s outstanding indebtedness as of March 31, 2026 and December 31, 2025:
(in millions)
March 31, 2026December 31, 2025
USD Term Loan, less unamortized discount of $57.6 and $60.8, respectively
$2,189.8 $2,192.2 
EUR Term Loan, less unamortized discount of $26.4 and $28.3, respectively
1,284.8 1,304.8 
Revolver— — 
Other debt29.2 33.1 
Total debt3,503.8 3,530.1 
Finance leases62.4 69.7
Other financing obligations36.0 51.4
Total debt, finance leases and other financing obligations3,602.2 3,651.2 
Less: Unamortized debt issuance costs(38.9)(41.1)
Less: Short-term debt and current portion of long-term debt(89.8)(107.5)
Total long-term debt
$3,473.5 $3,502.6 
Schedule of Aggregate Principal Repayment Requirements
The following table sets forth the aggregate principal repayment requirements for total debt:
(in millions)
Remainder of 2026$19.0 
202749.1 
202823.0 
202922.9 
20303,473.8 
Thereafter— 
Total payments on debt
3,587.8 
Unamortized debt discounts
(84.0)
Total debt
$3,503.8 
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
Fair Value Disclosures [Abstract]  
Schedule of Carrying Value and Fair Value of Debt The following table sets forth the carrying value and fair value amounts of the Company’s term loans:
March 31, 2026December 31, 2025
(in millions)
Carrying ValueFair ValueCarrying ValueFair Value
Term Loans(1)(2)
$3,558.6 $3,516.1 $3,586.1 $3,599.5 
(1) The carrying value of the term loans is presented on a gross basis and excludes unamortized debt discounts.
(2) The reported carrying values of other debt instruments approximate their fair values.
Schedule of Fair Value Amounts of Derivatives
The following table sets forth the fair value amounts of derivatives presented in the unaudited condensed consolidated financial statements:
March 31, 2026December 31, 2025
(in millions)
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
Derivatives designated as cash flow hedges
Interest rate contracts
$9.2 $0.9 $0.4 $3.4 
Cross-currency swaps10.6 65.9 5.6 84.8 
Foreign exchange forward contracts
1.4 0.8 0.2 1.4 
$21.2 $67.6 $6.2 $89.6 
Derivatives designated as net investment hedges
Cross-currency swaps$3.2 $22.2 $1.6 $10.5 
Derivatives not designated as hedging instruments
Cross-currency swaps$— $0.8 $— $— 
Foreign exchange forward contracts
5.8 0.1 0.6 0.7 
$5.8 $0.9 $0.6 $0.7 
Total derivatives$30.2 $90.7 $8.4 $100.8 
As reported in the Unaudited Condensed Consolidated Balance Sheets
Prepaid expenses and other current assets$24.8 $— $8.1 $— 
Other noncurrent assets5.4 — 0.3 — 
Other current liabilities— 2.6 — 30.1 
Other noncurrent liabilities— 88.1 — 70.7 
$30.2 $90.7 $8.4 $100.8 
Schedule of Gains (Losses) on Derivatives
The following tables present the gains (losses) on the Company’s interest rate contracts, cross-currency swaps and foreign exchange forward contracts:
(in millions)
Beginning Accumulated Other Comprehensive Gain (Loss)Amount of gains (losses) recognized, net of taxAmount of gains (losses) reclassified into income, net of taxEnding Accumulated Other Comprehensive Gain (Loss)
Three Months Ended March 31, 2026:
Designated as cash flow hedges:
Interest rate contracts
$(3.2)$8.3 $(2.6)$7.7 
Cross-currency swaps
(6.6)28.6 21.3 0.7 
Foreign exchange forward contracts
(1.1)1.6 (0.1)0.6 
Designated as net investment hedges:
Cross-currency swaps
$(8.5)$(10.0)$— $(18.5)
Three Months Ended March 31, 2025:
Designated as cash flow hedges:
Interest rate contracts
$0.8 $0.2 $8.5 $(7.5)
Cross-currency swaps
(3.9)(31.1)(30.5)(4.5)
Designated as net investment hedges:
Cross-currency swaps$(1.9)$6.0 $— $4.1 
Schedule of Derivative Instruments
The following table presents amounts recognized in foreign currency exchange gain, net on the Company’s derivatives not designated as hedging instruments:
Three Months Ended March 31,
(in millions)
20262025
Derivatives not designated as hedging instruments
Cross-currency swaps$(0.8)$— 
Foreign exchange forward contracts5.9 — 
Total$5.1 $— 
Schedule of Common Stock Warrant Liability
The following table presents a reconciliation of the liability-classified Warrant prior to reclassification to equity:
(in millions)
Three Months Ended March 31, 2025
Balance at beginning of period
$191.4 
Change in fair value46.1 
Balance at end of period
$237.5 
Schedule of Fair Value Measurement Inputs and Valuation Techniques
The level 3 fair value inputs used in the valuation of the liability-classified Warrant were as follows:
March 31, 2025
Volatility
31.6%
Risk-free rate
4.5%
Discount for lack of marketability7.5%
Term (in years)
15.9
v3.26.1
EARNINGS PER SHARE (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Computation of Basic and Diluted Loss Per Share
The following table sets forth the computation of basic and diluted loss per share for the periods presented:
Three Months Ended March 31,
(in millions, except share and per share data)
20262025
Numerator:
Net loss$(88.7)$(117.9)
Less: Net income attributable to noncontrolling interests
1.4 1.9 
Net loss attributable to NIQ
$(90.1)$(119.8)
Denominator:
Weighted average basic and diluted NIQ ordinary shares outstanding295,044,637 245,000,000 
Basic and diluted loss per share from:
Net loss attributable to NIQ$(0.31)$(0.49)
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
Antidilutive securities excluded from the calculation of diluted earnings per share
Warrant
17,725,12217,725,122
RSUs4,519,037— 
PSUs2,460,135— 
Phantom Awards1,385,739— 
Total excluded antidilutive securities26,090,03317,725,122
v3.26.1
RESTRUCTURING ACTIVITIES (Tables)
 3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Activities
The following table summarizes activity related to liabilities associated with restructuring activities:
(in millions)
2026 Program
Cost Efficiency Program(1)
GfK Integration(2)
Total
Balance as of December 31, 2025
$— $8.5 $44.6 $53.1 
Charges (credits)
56.0 (0.3)(0.3)55.4 
Payments
(8.1)(3.0)(17.4)(28.5)
Other adjustments
(0.5)(0.1)(0.3)(0.9)
Balance as of March 31, 2026
$47.4 $5.1 $26.6 $79.1 
(1)As part of the Company’s Transformation Program, the Cost Efficiency Program centers on insourced activity from, and restructured expenses with, third party providers, technology and operational process redesign, labor arbitrage and rationalization and reduction in non-client-impacting expense.
(2)GfK Integration reflects actions to drive permanent cost savings and operational efficiencies in connection with the GfK Combination.
v3.26.1
PENSION AND OTHER POST-RETIREMENT BENEFITS (Tables)
 3 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Net Periodic Pension Cost
The following table presents the components of net periodic pension cost:
Three Months Ended March 31,
(in millions)
20262025
Service cost
$3.4 $2.0 
Interest cost
5.7 5.2 
Expected return on plan assets
(6.9)(6.0)
Amortization of net gain(0.1)(0.1)
Net periodic pension cost$2.1 $1.1 
v3.26.1
REPORTABLE SEGMENTS (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The following table sets forth revenue, significant segment expenses regularly provided to the CODM and Adjusted EBITDA by reportable segment for the periods presented:
Three Months Ended March 31,
20262025
(in millions)
AmericasEMEAAPACAmericasEMEAAPAC
Revenues
$432.2 $487.3 $153.2 $380.6 $430.5 $154.8 
Less:
Data acquisition costs
110.4 83.6 27.6 86.1 77.1 27.0 
Other segment costs(1)
199.3 248.5 90.8 186.3 228.2 96.2 
Segment Adjusted EBITDA$122.5 $155.2 $34.8 $108.2 $125.2 $31.6 
(1) Other segment costs primarily include personnel-related costs, cloud costs, software and hardware maintenance costs and occupancy costs.
The following table reconciles Adjusted EBITDA by segment to loss before income taxes, for the periods presented:
Three Months Ended March 31,
(in millions)
20262025
Adjusted EBITDA by segment
Americas$122.5 $108.2 
EMEA155.2 125.2 
APAC34.8 31.6 
Total segment Adjusted EBITDA312.5 265.0 
Adjustments to reconcile to loss before income taxes:
Corporate expenses not allocated to segments(87.7)(76.3)
Depreciation and amortization(153.7)(148.5)
Interest expense, net(58.5)(83.5)
2026 Program costs and other non-cash compensation expense(1)
(65.5)— 
Transformation program costs(2)
(8.5)(5.6)
GfK integration costs(3)
(1.7)(14.7)
Acquisitions and transaction related costs(4)
(3.8)(5.4)
Foreign currency exchange gain, net5.6 32.0 
Nonoperating items, net(5)
(1.2)(62.7)
Share-based compensation expense(1.9)(1.3)
Impairment of long-lived assets— (0.7)
Net income attributable to noncontrolling interests1.4 1.9 
Other operating items, net(6)
(0.1)5.2 
Loss before income taxes$(63.1)$(94.6)
(1) Includes (i) 2026 Program restructuring expenses for employee separation costs as further discussed in Note 11. “Restructuring Activities”, as well as additional costs to streamline the organization through accelerated technology investment incurred to improve efficiency, customer satisfaction, product innovation and productivity and (ii) non-cash share-based compensation expense of $9.5 million arising from award modifications resulting from Ms. Tracey Massey’s resignation from her position as Chief Operating Officer.
(2) Transformation program costs include costs associated with accelerated technology investment and consultancy and advisory fees incurred to evaluate and improve organizational efficiencies and operations as well as employee separation costs as further discussed in Note 11. “Restructuring Activities”.
(3) GfK integration costs include costs for consulting fees and integration associated with the GfK Combination as well as employee separation costs as further discussed in Note 11. “Restructuring Activities”.
(4) Acquisitions and transaction related costs represent costs incurred in connection with planned and completed acquisitions, including due diligence, transaction, integration and legal related costs. These costs also include preparation and readiness costs for capital market transactions.
(5) Consists of adjustments related to: (i) net periodic pension costs other than service cost, (ii) factoring fees, (iii) write-off of unamortized debt discount and debt issuance costs, (iv) deconsolidation of subsidiaries, (v) settlement of tax indemnification, (vi) other nonoperating expenses and (vii) remeasurement of warrant to fair value. See Note 14. “Nonoperating expense, net” for further information on these adjustments.
(6) Consists primarily of adjustments related to gain/loss on sale of long-lived assets and gain/loss on settlement of asset retirement obligations.
Schedule of Long-Lived Tangible Assets by Geographic Region
The Company conducts business in the following countries that hold 10% or more of total tangible long-lived assets:
March 31, 2026December 31, 2025
Germany
26 %25 %
United States
25 %27 %
v3.26.1
NONOPERATING EXPENSE, NET (Tables)
 3 Months Ended
Mar. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Nonoperating Expense, Net
The following table sets forth the components of nonoperating expense, net:
Three Months Ended March 31,
(in millions)
20262025
Remeasurement of warrant to fair value (Note 8)
$— $(46.1)
Write-off of unamortized debt discount and debt issuance costs (Note 7)
— (10.3)
Factoring fees(2.0)(2.8)
Net periodic pension benefit, other than service cost
1.3 0.9 
Earnings from equity method investments1.2 1.1 
Income from transition services agreement
— 2.8 
Settlement of tax indemnification
0.5 (4.1)
Other
(1.0)(0.3)
Nonoperating expense, net$— $(58.8)
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive (Loss) Income
The following table sets forth the changes in each component of accumulated other comprehensive loss, net of tax:
(in millions)Foreign Currency TranslationDefined Benefit PlansCash Flow HedgesAccumulated Other Comprehensive (Loss) Income
Balance as of December 31, 2025
$(2.2)$(18.9)$(10.9)$(32.0)
Foreign currency adjustments:
Foreign currency translation adjustments(3.1)— — (3.1)
Net investment hedges(10.0)— — (10.0)
Cash flow hedges, net of tax of $—
— — 19.9 19.9 
Balance as of March 31, 2026$(15.3)$(18.9)$9.0 $(25.2)
Balance as of December 31, 2024
$(16.0)$(18.6)$(3.1)$(37.7)
Foreign currency adjustments:
Foreign currency translation adjustments(8.3)— — (8.3)
Net investment hedges6.0 — — 6.0 
Cash flow hedges, net of tax of $—
— — (8.9)(8.9)
Balance as of March 31, 2025$(18.3)$(18.6)$(12.0)$(48.9)
v3.26.1
ORGANIZATION (Details) - USD ($)
$ / shares in Units, $ in Millions
Jul. 24, 2025
Mar. 31, 2026
Dec. 31, 2025
Jul. 22, 2025
Jul. 21, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]          
Stock shares authorized (in shares)   1,500,000,000 1,500,000,000 1,500,000,000  
Common stock shares outstanding (in shares)   295,115,271 295,000,000 245,000,000 100
Number of shares issued (in shares) 50,000,000        
Price per share for sale of stock (in dollars per share) $ 21.00        
Proceeds received from sale of stock $ 985.1        
v3.26.1
DISPOSALS (Details)
€ in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Feb. 03, 2025
USD ($)
Feb. 03, 2025
EUR (€)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Gain on disposal of business $ 0.0 $ 5.6    
Netquest | Disposal Group, Held-for-Sale, Not Discontinued Operations        
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]        
Consideration received from sale of business     $ 60.3 € 58.1
Gain on disposal of business   $ 5.6    
v3.26.1
REVENUE - Disaggregation of Revenue by Reportable Segment (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Total revenues $ 1,072.7 $ 965.9
Americas    
Disaggregation of Revenue [Line Items]    
Total revenues 432.2 380.6
EMEA    
Disaggregation of Revenue [Line Items]    
Total revenues 487.3 430.5
APAC    
Disaggregation of Revenue [Line Items]    
Total revenues $ 153.2 $ 154.8
v3.26.1
REVENUE - Disaggregation of Revenue by Product Offerings and Timing (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue [Line Items]    
Total revenues $ 1,072.7 $ 965.9
Data and services transferred over time    
Disaggregation of Revenue [Line Items]    
Total revenues 909.2 807.3
Data and services transferred at a point in time    
Disaggregation of Revenue [Line Items]    
Total revenues 163.5 158.6
Intelligence    
Disaggregation of Revenue [Line Items]    
Total revenues 884.0 797.4
Activation    
Disaggregation of Revenue [Line Items]    
Total revenues $ 188.7 $ 168.5
v3.26.1
REVENUE - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Disaggregation of Revenue [Line Items]      
Contract assets $ 241.6   $ 133.9
Deferred revenues $ 331.0   $ 262.0
United States | Revenue Benchmark | Geographic Concentration Risk      
Disaggregation of Revenue [Line Items]      
Concentration risk percentage 24.00% 25.00%  
IRELAND | Revenue Benchmark | Geographic Concentration Risk      
Disaggregation of Revenue [Line Items]      
Concentration risk percentage 1.00% 1.00%  
v3.26.1
REVENUE - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction (Details)
$ in Millions
Mar. 31, 2026
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Total $ 1,860.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Total $ 709.5
Remaining performance obligation, period of recognition 9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Total $ 633.2
Remaining performance obligation, period of recognition 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Total $ 372.0
Remaining performance obligation, period of recognition 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Total $ 146.0
Remaining performance obligation, period of recognition
v3.26.1
GOODWILL (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Goodwill [Roll Forward]  
Balance at December 31, 2025 $ 2,431.7
Reporting unit reassignment 0.0
Foreign currency exchange rate changes (20.1)
Balance at March 31, 2026 2,411.6
Americas  
Goodwill [Roll Forward]  
Balance at December 31, 2025 669.5
Reporting unit reassignment 0.0
Foreign currency exchange rate changes 6.6
Balance at March 31, 2026 676.1
EMEA  
Goodwill [Roll Forward]  
Balance at December 31, 2025 1,221.8
Reporting unit reassignment 98.0
Foreign currency exchange rate changes (23.9)
Balance at March 31, 2026 1,295.9
APAC  
Goodwill [Roll Forward]  
Balance at December 31, 2025 540.4
Reporting unit reassignment (98.0)
Foreign currency exchange rate changes (2.8)
Balance at March 31, 2026 $ 439.6
v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Narrative (Details)
€ in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Mar. 31, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
EUR (€)
Organization, Consolidation and Presentation of Financial Statements [Abstract]          
Allowance for expected credit losses $ 13.4     $ 11.2  
Credit loss expense recorded during the period 2.5 $ 1.1      
Available capacity under factoring program 346.6   € 300.0   € 270.0
Accounts receivable under factoring program still outstanding 154.8     193.9  
Administrative and financing costs 2.0 2.8      
Financing obligation under factoring program 36.0     $ 51.4  
Proceeds from the sale of accounts receivable $ 324.4 $ 340.1      
v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Prepaid expenses $ 200.8 $ 112.9
Derivative assets (Note 8) 24.8 8.1
Other 19.2 10.4
Prepaid expenses and other current assets $ 244.8 $ 131.4
v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Noncurrent Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Rent guarantee deposits $ 80.6 $ 80.9
Equity method investments 59.1 59.7
Defined benefit plan assets 55.4 55.7
Cost method investments 45.0 45.1
Prepaid expenses 15.7 10.9
Debt issuance costs 6.1 6.5
Other 24.4 30.3
Other noncurrent assets $ 286.3 $ 289.1
v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Accrued Expenses (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Data and professional services $ 230.7 $ 216.9
Payroll and benefit costs 201.3 257.6
Restructuring liabilities (Note 11) 73.8 51.7
Accrued income taxes 67.1 58.5
Other 41.6 47.0
Accrued expenses $ 614.5 $ 631.7
v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Current Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Operating lease liabilities $ 59.9 $ 58.7
Short-term deferred consideration 11.1 10.1
Derivative liabilities (Note 8) 2.6 30.1
Other 98.6 78.6
Other current liabilities $ 172.2 $ 177.5
v3.26.1
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Noncurrent Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Defined benefit plan liabilities $ 104.0 $ 105.5
Derivative liabilities (Note 8) 88.1 70.7
Long-term deferred consideration 21.1 19.2
Restructuring liabilities (Note 11) 5.3 1.4
Other 142.4 145.0
Other noncurrent liabilities $ 360.9 $ 341.8
v3.26.1
DEBT - Narrative (Details)
€ in Millions, $ in Millions
 1 Months Ended 3 Months Ended
Aug. 12, 2025
USD ($)
Jul. 24, 2025
USD ($)
Jul. 24, 2025
EUR (€)
Jul. 11, 2025
USD ($)
Jan. 24, 2025
USD ($)
Jul. 18, 2024
USD ($)
Jun. 28, 2024
Aug. 12, 2025
USD ($)
Mar. 31, 2026
USD ($)
Mar. 31, 2025
USD ($)
Dec. 31, 2025
USD ($)
Jan. 25, 2025
USD ($)
Jan. 25, 2025
EUR (€)
Jan. 24, 2025
EUR (€)
Mar. 05, 2021
USD ($)
Debt Instrument [Line Items]                              
Losses on restructuring of debt                 $ 0.0 $ 10.3          
Total debt                 3,503.8   $ 3,530.1        
Debt issuance costs                 0.0 $ 2.5          
Unamortized debt issuance costs                 38.9   41.1        
Debt issuance costs on line of credit                 6.1   6.5        
Credit Agreement                              
Debt Instrument [Line Items]                              
Losses on restructuring of debt               $ 24.7              
Legal fees $ 1.3       $ 0.3     $ 1.3              
Debt interest rate         0.25%                 0.25%  
Write-off of unamortized discount           $ 16.1                  
Write-off of unamortized debt issuance costs           $ 8.6                  
Credit Agreement | Revolver                              
Debt Instrument [Line Items]                              
Line of credit, maximum borrowing capacity       $ 750.0                     $ 350.0
Repayments of line of credit   $ 533.4                          
Line of credit, remaining borrowing capacity                 747.5            
Total debt                 $ 0.0   0.0        
Credit Agreement | Revolver | Minimum                              
Debt Instrument [Line Items]                              
Debt, spread on variable rate (as a percent) 1.75%     2.25%     3.25%                
Line of credit, commitment fee (as a percent)       0.25%     0.25%                
Credit Agreement | Revolver | Maximum                              
Debt Instrument [Line Items]                              
Debt, spread on variable rate (as a percent) 2.25%     2.75%     3.75%                
Line of credit, commitment fee (as a percent)       0.375%     0.50%                
Credit Agreement | Term Loans                              
Debt Instrument [Line Items]                              
Outstanding term loans for maturity trigger       $ 1,000.0                      
Credit Agreement | 2021 EUR Term Loan                              
Debt Instrument [Line Items]                              
Repayments of term loans   298.4 € 255.0                        
Repayments of debt, interest   2.8                          
Credit Agreement | USD Term Loan                              
Debt Instrument [Line Items]                              
Debt, spread on variable rate (as a percent)         3.50%                    
Repayments of debt, interest   $ 5.7                          
Debt face amount         $ 2,263.4             $ 2,270.0      
Debt effective interest rate                 5.90%            
Total debt                 $ 2,189.8   2,192.2        
Credit Agreement | USD Term Loan | Minimum                              
Debt Instrument [Line Items]                              
Debt, spread on variable rate (as a percent) 2.25%                            
Credit Agreement | USD Term Loan | Maximum                              
Debt Instrument [Line Items]                              
Debt, spread on variable rate (as a percent) 2.50%                            
Credit Agreement | EUR Term Loan                              
Debt Instrument [Line Items]                              
Debt, spread on variable rate (as a percent) 3.00%       3.50%       2.75%            
Debt face amount         $ 1,459.3             $ 1,460.9 € 1,390.0 € 1,388.5  
Debt effective interest rate                 4.70%            
Total debt                 $ 1,284.8   $ 1,304.8        
v3.26.1
DEBT - Schedule of Outstanding Debt (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument [Line Items]    
Total debt $ 3,503.8 $ 3,530.1
Finance leases 62.4 69.7
Other financing obligations 36.0 51.4
Total debt, finance leases and other financing obligations 3,602.2 3,651.2
Less: Unamortized debt issuance costs (38.9) (41.1)
Less: Short-term debt and current portion of long-term debt (89.8) (107.5)
Long-term debt 3,473.5 3,502.6
Unamortized debt discounts 84.0  
Credit Agreement | USD Term Loan    
Debt Instrument [Line Items]    
Total debt 2,189.8 2,192.2
Unamortized debt discounts 57.6 60.8
Credit Agreement | EUR Term Loan    
Debt Instrument [Line Items]    
Total debt 1,284.8 1,304.8
Unamortized debt discounts 26.4 28.3
Credit Agreement | Revolver    
Debt Instrument [Line Items]    
Total debt 0.0 0.0
Other debt    
Debt Instrument [Line Items]    
Total debt $ 29.2 $ 33.1
v3.26.1
DEBT - Maturity Profile (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Debt Disclosure [Abstract]    
Remainder of 2026 $ 19.0  
2027 49.1  
2028 23.0  
2029 22.9  
2030 3,473.8  
Thereafter 0.0  
Total payments on debt 3,587.8  
Unamortized debt discounts (84.0)  
Total debt $ 3,503.8 $ 3,530.1
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Jul. 24, 2025
Fair Value Disclosures [Abstract]        
Equity method investments $ 59.1   $ 59.7  
Trade receivables 1.9   4.4  
Trade payables 3.5   4.9  
Equity securities without a readily determinable fair value 45.0   $ 45.1  
Reclassified gains from interest rate derivatives $ 0.3 $ 9.2    
Shares subscribed from warrant (in shares)       17,725,122
Exercise price of warrant (in dollars per share)       $ 16.93
Warrant liability       $ 231.1
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying Value and Fair Value of Debt (Details) - Term Loans - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]    
Carrying Value $ 3,558.6 $ 3,586.1
Fair Value $ 3,516.1 $ 3,599.5
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value and Location of Derivative Instruments (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets $ 30.2 $ 8.4
Derivative Liabilities 90.7 100.8
Prepaid expenses and other current assets    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 24.8 8.1
Derivative Liabilities 0.0 0.0
Other noncurrent assets    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 5.4 0.3
Derivative Liabilities 0.0 0.0
Other current liabilities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 0.0 0.0
Derivative Liabilities 2.6 30.1
Other noncurrent liabilities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 0.0 0.0
Derivative Liabilities 88.1 70.7
Not Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 5.8 0.6
Derivative Liabilities 0.9 0.7
Derivatives designated as cash flow hedges | Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 21.2 6.2
Derivative Liabilities 67.6 89.6
Interest rate contracts | Derivatives designated as cash flow hedges | Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 9.2 0.4
Derivative Liabilities 0.9 3.4
Cross-currency swaps | Not Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 0.0 0.0
Derivative Liabilities 0.8 0.0
Cross-currency swaps | Derivatives designated as cash flow hedges | Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 10.6 5.6
Derivative Liabilities 65.9 84.8
Cross-currency swaps | Derivatives designated as net investment hedges | Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 3.2 1.6
Derivative Liabilities 22.2 10.5
Foreign exchange forward contracts | Not Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 5.8 0.6
Derivative Liabilities 0.1 0.7
Foreign exchange forward contracts | Derivatives designated as cash flow hedges | Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 1.4 0.2
Derivative Liabilities $ 0.8 $ 1.4
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Gains (Losses) on Derivatives (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance $ 1,225.6 $ 298.6
Ending balance 1,154.5 167.8
Designated as Cash Flow Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (10.9) (3.1)
Ending balance 9.0 (12.0)
Designated as Net Investment Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (2.2) (16.0)
Ending balance (15.3) (18.3)
Interest rate contracts | Designated as Cash Flow Hedges | Derivatives designated as cash flow hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (3.2) 0.8
Amount of gains (losses) recognized, net of tax 8.3 0.2
Amount of gains (losses) reclassified into income, net of tax (2.6) 8.5
Ending balance 7.7 (7.5)
Cross-currency swaps | Designated as Cash Flow Hedges | Derivatives designated as cash flow hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (6.6) (3.9)
Amount of gains (losses) recognized, net of tax 28.6 (31.1)
Amount of gains (losses) reclassified into income, net of tax 21.3 (30.5)
Ending balance 0.7 (4.5)
Cross-currency swaps | Designated as Net Investment Hedges | Derivatives designated as net investment hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (8.5) (1.9)
Amount of gains (losses) recognized, net of tax (10.0) 6.0
Amount of gains (losses) reclassified into income, net of tax 0.0 0.0
Ending balance (18.5) $ 4.1
Foreign exchange forward contracts | Designated as Cash Flow Hedges | Derivatives designated as cash flow hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (1.1)  
Amount of gains (losses) recognized, net of tax 1.6  
Amount of gains (losses) reclassified into income, net of tax (0.1)  
Ending balance $ 0.6  
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Gains (Losses) on Foreign Exchange Forward Contracts not Designated as Hedges (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Derivative Instruments, Gain (Loss) [Line Items]    
(Loss) gain on foreign exchange contracts $ 5.1 $ 0.0
Cross-currency swaps    
Derivative Instruments, Gain (Loss) [Line Items]    
(Loss) gain on foreign exchange contracts (0.8) 0.0
Foreign exchange forward contracts    
Derivative Instruments, Gain (Loss) [Line Items]    
(Loss) gain on foreign exchange contracts $ 5.9 $ 0.0
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Common Stock Warrant Liability (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Class of Warrant or Right [Roll Forward]    
Balance at beginning of period   $ 191.4
Change in fair value $ 0.0 46.1
Balance at end of period   $ 237.5
v3.26.1
FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value Measurement Inputs and Valuation Techniques (Details) - Fair Value, Inputs, Level 3
Mar. 31, 2025
yr
Volatility  
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]  
Measurement input of warrant 0.316
Risk-free rate  
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]  
Measurement input of warrant 0.045
Discount for lack of marketability  
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]  
Measurement input of warrant 0.075
Term (in years)  
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]  
Measurement input of warrant 15.9
v3.26.1
EARNINGS PER SHARE - Narrative (Details)
 3 Months Ended
Jul. 22, 2025
shares
Mar. 31, 2026
shares
Dec. 31, 2025
shares
Jul. 21, 2025
shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Common stock shares outstanding (in shares) 245,000,000 295,115,271 295,000,000 100
Effective share split 0.0000004081632653      
PSUs        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Vesting period   3 years    
Minimum | PSUs        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Performance award, payout percentage of target   50.00%    
Maximum | PSUs        
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]        
Performance award, payout percentage of target   200.00%    
v3.26.1
EARNINGS PER SHARE - Computation of Basic and Diluted Loss Per Share (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Numerator:    
Net loss $ (88.7) $ (117.9)
Less: Net income attributable to noncontrolling interests 1.4 1.9
Net loss attributable to NIQ $ (90.1) $ (119.8)
Denominator:    
Weighted average basic NIQ ordinary shares outstanding (in shares) 295,044,637 245,000,000
Weighted average diluted NIQ ordinary shares outstanding (in shares) 295,044,637 245,000,000
Basic and diluted loss per share from:    
Net loss attributable to NIQ, basic (in dollars per share) $ (0.31) $ (0.49)
Net loss attributable to NIQ, diluted (in dollars per share) $ (0.31) $ (0.49)
v3.26.1
EARNINGS PER SHARE - Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 26,090,033 17,725,122
Warrant    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 17,725,122 17,725,122
RSUs    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 4,519,037 0
PSUs    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 2,460,135 0
Phantom Awards    
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]    
Antidilutive securities excluded from computation of earnings per share (in shares) 1,385,739 0
v3.26.1
INCOME TAXES (Details)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Effective tax rate (41.00%) (25.00%)
v3.26.1
RESTRUCTURING ACTIVITIES - Summary of Related Liabilities (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Restructuring Reserve [Roll Forward]  
Restructuring, beginning balance $ 53.1
Charges (credits) 55.4
Payments (28.5)
Other adjustments (0.9)
Restructuring, ending balance 79.1
2026 Program  
Restructuring Reserve [Roll Forward]  
Restructuring, beginning balance 0.0
Charges (credits) 56.0
Payments (8.1)
Other adjustments (0.5)
Restructuring, ending balance 47.4
Cost Efficiency Program  
Restructuring Reserve [Roll Forward]  
Restructuring, beginning balance 8.5
Charges (credits) (0.3)
Payments (3.0)
Other adjustments (0.1)
Restructuring, ending balance 5.1
GfK Integration  
Restructuring Reserve [Roll Forward]  
Restructuring, beginning balance 44.6
Charges (credits) (0.3)
Payments (17.4)
Other adjustments (0.3)
Restructuring, ending balance $ 26.6
v3.26.1
RESTRUCTURING ACTIVITIES - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Restructuring Cost and Reserve [Line Items]    
Total share-based compensation expense $ 1.9 $ 1.3
Chief Operating Officer    
Restructuring Cost and Reserve [Line Items]    
Total share-based compensation expense $ 9.5  
v3.26.1
PENSION AND OTHER POST-RETIREMENT BENEFITS - Components of Net Periodic Pension Cost (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Retirement Benefits [Abstract]    
Service cost $ 3.4 $ 2.0
Interest cost 5.7 5.2
Expected return on plan assets (6.9) (6.0)
Amortization of net gain (0.1) (0.1)
Net periodic pension cost $ 2.1 $ 1.1
v3.26.1
PENSION AND OTHER POST-RETIREMENT BENEFITS - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Retirement Benefits [Abstract]    
Net periodic benefit, excluding service cost $ 1.3 $ 0.9
v3.26.1
REPORTABLE SEGMENTS - Narrative (Details)
 3 Months Ended
Mar. 31, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments 3
v3.26.1
REPORTABLE SEGMENTS - Schedule of Segment Revenues to Adjusted EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Revenues $ 1,072.7 $ 965.9
Less:    
Segment Adjusted EBITDA 312.5 265.0
Americas    
Segment Reporting Information [Line Items]    
Revenues 432.2 380.6
Less:    
Data acquisition costs 110.4 86.1
Other segment costs 199.3 186.3
Segment Adjusted EBITDA 122.5 108.2
EMEA    
Segment Reporting Information [Line Items]    
Revenues 487.3 430.5
Less:    
Data acquisition costs 83.6 77.1
Other segment costs 248.5 228.2
Segment Adjusted EBITDA 155.2 125.2
APAC    
Segment Reporting Information [Line Items]    
Revenues 153.2 154.8
Less:    
Data acquisition costs 27.6 27.0
Other segment costs 90.8 96.2
Segment Adjusted EBITDA $ 34.8 $ 31.6
v3.26.1
REPORTABLE SEGMENTS - Schedule of Adjusted EBITDA by Segment to Loss From Continuing Operations (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Segment Adjusted EBITDA $ 312.5 $ 265.0
Adjustments to reconcile to loss before income taxes:    
Corporate expenses not allocated to segments (87.7) (76.3)
Depreciation and amortization (153.7) (148.5)
Interest expense, net (58.5) (83.5)
Acquisitions and transaction related costs (3.8) (5.4)
Foreign currency exchange gain, net 5.6 32.0
Nonoperating items, net (1.2) (62.7)
Share-based compensation expense (1.9) (1.3)
Impairment of long-lived assets 0.0 (0.7)
Net income attributable to noncontrolling interests 1.4 1.9
Other operating items, net (0.1) 5.2
Loss before income taxes (63.1) (94.6)
Total share-based compensation expense 1.9 1.3
Chief Operating Officer    
Adjustments to reconcile to loss before income taxes:    
Share-based compensation expense (9.5)  
Total share-based compensation expense 9.5  
2026 Program    
Adjustments to reconcile to loss before income taxes:    
Restructuring costs (65.5) 0.0
Transformation Program    
Adjustments to reconcile to loss before income taxes:    
Restructuring costs (8.5) (5.6)
GfK Integration    
Adjustments to reconcile to loss before income taxes:    
Restructuring costs (1.7) (14.7)
Americas    
Segment Reporting Information [Line Items]    
Segment Adjusted EBITDA 122.5 108.2
EMEA    
Segment Reporting Information [Line Items]    
Segment Adjusted EBITDA 155.2 125.2
APAC    
Segment Reporting Information [Line Items]    
Segment Adjusted EBITDA $ 34.8 $ 31.6
v3.26.1
REPORTABLE SEGMENTS - Long-Lived Tangible Assets by Geographic Region (Details) - Geographic Concentration Risk - Property, Plant and Equipment
 3 Months Ended 6 Months Ended 12 Months Ended
Mar. 31, 2026
Jun. 30, 2025
Dec. 31, 2025
Germany      
Segment Reporting Information [Line Items]      
Concentration risk percentage 26.00%   25.00%
United States      
Segment Reporting Information [Line Items]      
Concentration risk percentage 25.00%   27.00%
IRELAND      
Segment Reporting Information [Line Items]      
Concentration risk percentage   1.00% 1.00%
v3.26.1
NONOPERATING EXPENSE, NET (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Remeasurement of warrant to fair value (Note 8) $ 0.0 $ (46.1)
Write-off of unamortized debt discount and debt issuance costs (Note 7) 0.0 (10.3)
Factoring fees (2.0) (2.8)
Net periodic pension benefit, other than service cost 1.3 0.9
Earnings from equity method investments 1.2 1.1
Income from transition services agreement 0.0 2.8
Settlement of tax indemnification 0.5 (4.1)
Other (1.0) (0.3)
Nonoperating expense, net $ 0.0 $ (58.8)
v3.26.1
ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance $ 1,225.6 $ 298.6
Foreign currency adjustments:    
Cash flow hedges, net of tax 19.9 (8.9)
Ending balance 1,154.5 167.8
Cash flow hedges, tax 0.0 0.0
Accumulated Other Comprehensive (Loss) Income    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (32.0) (37.7)
Foreign currency adjustments:    
Foreign currency translation adjustments (3.1) (8.3)
Net investment hedges (10.0) 6.0
Cash flow hedges, net of tax 19.9 (8.9)
Ending balance (25.2) (48.9)
Foreign Currency Translation    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (2.2) (16.0)
Foreign currency adjustments:    
Foreign currency translation adjustments (3.1) (8.3)
Net investment hedges (10.0) 6.0
Cash flow hedges, net of tax 0.0 0.0
Ending balance (15.3) (18.3)
Defined Benefit Plans    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (18.9) (18.6)
Foreign currency adjustments:    
Foreign currency translation adjustments 0.0 0.0
Net investment hedges 0.0 0.0
Cash flow hedges, net of tax 0.0 0.0
Ending balance (18.9) (18.6)
Cash Flow Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (10.9) (3.1)
Foreign currency adjustments:    
Foreign currency translation adjustments 0.0 0.0
Net investment hedges 0.0 0.0
Cash flow hedges, net of tax 19.9 (8.9)
Ending balance $ 9.0 $ (12.0)