NIQ GLOBAL INTELLIGENCE PLC, 10-Q filed on 8/15/2025
Quarterly Report
v3.25.2
Cover - shares
 6 Months Ended
Jun. 30, 2025
Aug. 11, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2025  
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 $0.00001 per share  
Trading Symbol NIQ  
Security Exchange Name NYSE  
Entity Current Reporting Status No  
Entity Interactive Data Current Yes  
Entity Filer Category Non-accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   295,000,000
Amendment Flag false  
Central Index Key 0002054696  
Document Fiscal Period Focus Q2  
Document Fiscal Year Focus 2025  
Current Fiscal Year End Date --12-31  
v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ / shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Revenues $ 1,040.8 $ 985.8 $ 2,006.7 $ 1,947.7
Operating expenses:        
Cost of revenues (excluding depreciation and amortization shown separately below) 449.2 434.0 880.0 878.9
Selling, general and administrative expenses 403.0 404.6 774.7 801.4
Depreciation and amortization 153.8 142.7 302.3 293.2
Impairment of long-lived assets 0.4 27.3 1.1 27.3
Restructuring, net 0.4 11.3 5.0 20.4
Other operating income, net (5.5) (6.8) (11.6) (14.1)
Total operating expenses 1,001.3 1,013.1 1,951.5 2,007.1
Operating income (loss) 39.5 (27.3) 55.2 (59.4)
Interest expense, net (95.2) (107.0) (178.7) (213.9)
Foreign currency exchange gain (loss), net 57.4 (1.0) 89.4 (14.1)
Nonoperating income (expense), net 9.9 (23.2) (2.8) (22.3)
Income (loss) from continuing operations before income taxes 11.6 (158.5) (36.9) (309.7)
Income tax expense from continuing operations (23.8) (29.7) (47.1) (60.7)
Loss from continuing operations (12.2) (188.2) (84.0) (370.4)
Discontinued operations (Note 3):        
(Loss) income from discontinued operations before income taxes 0.0 (0.3) 0.0 9.2
Income tax expense from discontinued operations 0.0 0.0 0.0 0.0
(Loss) income from discontinued operations 0.0 (0.3) 0.0 9.2
Net loss (12.2) (188.5) (84.0) (361.2)
Less: Net income attributable to noncontrolling interests 1.9 0.7 3.8 1.9
Net loss attributable to NIQ $ (14.1) $ (189.2) $ (87.8) $ (363.1)
Basic and diluted loss per share from:        
Loss from continuing operations attributable to NIQ, basic (in dollars per share) $ (140) $ (1,890) $ (880) $ (3,720)
Loss from continuing operations attributable to NIQ, diluted (in dollars per share) (140) (1,890) (880) (3,720)
Income from discontinued operations attributable to NIQ, diluted (in dollars per share) 0 0 0 90
Income from discontinued operations attributable to NIQ, basic (in dollars per share) 0 0 0 90
Net loss attributable to NIQ, basic (in dollars per share) (140) (1,890) (880) (3,630)
Net loss attributable to NIQ, diluted (in dollars per share) $ (140) $ (1,890) $ (880) $ (3,630)
Weighted average basic NIQ common stock outstanding (in shares) 100 100 100 100
Weighted average diluted NIQ common stock outstanding (in shares) 100 100 100 100
v3.25.2
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net loss $ (12.2) $ (188.5) $ (84.0) $ (361.2)
Other comprehensive income (loss), net of tax:        
Foreign currency translation adjustments 23.1 (12.1) 20.8 (88.2)
Defined benefit pension plan adjustments (0.5) 0.0 (0.5) 0.5
Cash flow hedges (5.9) (6.8) (14.8) 1.6
Total other comprehensive income (loss) 16.7 (18.9) 5.5 (86.1)
Total comprehensive income (loss) 4.5 (207.4) (78.5) (447.3)
Less: comprehensive income attributable to noncontrolling interests 1.9 0.7 3.8 1.9
Total comprehensive income (loss) attributable to NIQ $ 2.6 $ (208.1) $ (82.3) $ (449.2)
v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 259.5 $ 263.8
Trade receivables, net 781.4 644.9
Other receivables 101.3 83.3
Prepaid expenses and other current assets 234.3 136.3
Current assets held for sale (Note 3) 0.0 62.8
Total current assets 1,376.5 1,191.1
Property and equipment, net 204.4 208.0
Operating lease right-of-use assets 199.3 179.6
Intangible assets, net 2,341.1 2,287.6
Goodwill 2,400.7 2,209.5
Deferred income taxes 22.2 22.2
Other noncurrent assets 287.7 271.7
Total assets 6,831.9 6,369.7
Current liabilities:    
Accounts payable 200.8 217.1
Accrued expenses 571.4 605.3
Deferred revenues 330.2 273.4
Short-term debt and current portion of long-term debt 107.8 121.0
Other current liabilities 192.4 131.5
Current liabilities held for sale (Note 3) 0.0 17.3
Total current liabilities 1,402.6 1,365.6
Long-term debt 4,419.2 3,959.8
Operating lease liabilities 208.2 196.5
Deferred income taxes 110.2 109.1
Other noncurrent liabilities 283.9 251.8
Total liabilities 6,424.1 5,882.8
Commitments and contingencies (Note 15)
Stockholders’ equity:    
Common stock, €0.01 par value; 100 shares issued and outstanding 0.0 0.0
Paid-in capital 1,973.6 1,970.8
Accumulated deficit (1,772.9) (1,685.1)
Accumulated other comprehensive loss (32.2) (37.7)
Total NIQ stockholders’ equity 168.5 248.0
Noncontrolling interests 239.3 238.9
Total stockholders’ equity 407.8 486.9
Total liabilities and stockholders’ equity $ 6,831.9 $ 6,369.7
v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - € / shares
Jun. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
Common stock par value (in euros per share) € 0.01 € 0.01
Common stock shares issued (in shares) 100 100
Common stock shares outstanding (in shares) 100 100
v3.25.2
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Millions
Total
Common Stock
Paid-In Capital
Accumulated Deficit
Accumulated Other Comprehensive (Loss) Income
Total NIQ Stockholders’ Equity
Noncontrolling Interests
Beginning balance (in shares) at Dec. 31, 2023   100          
Beginning balance at Dec. 31, 2023 $ 1,331.6 $ 0.0 $ 1,966.1 $ (962.4) $ 80.7 $ 1,084.4 $ 247.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (172.7)     (173.9)   (173.9) 1.2
Other comprehensive income (loss) (67.2)       (67.2) (67.2)  
Share-based compensation 1.2   1.2     1.2  
Cash dividends (10.0)           (10.0)
Ending balance (in shares) at Mar. 31, 2024   100          
Ending balance at Mar. 31, 2024 1,082.9 $ 0.0 1,967.3 (1,136.3) 13.5 844.5 238.4
Beginning balance (in shares) at Dec. 31, 2023   100          
Beginning balance at Dec. 31, 2023 1,331.6 $ 0.0 1,966.1 (962.4) 80.7 1,084.4 247.2
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (361.2)            
Other comprehensive income (loss) (86.1)            
Ending balance (in shares) at Jun. 30, 2024   100          
Ending balance at Jun. 30, 2024 875.9 $ 0.0 1,968.0 (1,325.5) (5.4) 637.1 238.8
Beginning balance (in shares) at Mar. 31, 2024   100          
Beginning balance at Mar. 31, 2024 1,082.9 $ 0.0 1,967.3 (1,136.3) 13.5 844.5 238.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (188.5)     (189.2)   (189.2) 0.7
Other comprehensive income (loss) (18.9)       (18.9) (18.9)  
Share-based compensation 0.7   0.7     0.7  
Cash dividends (0.3)           (0.3)
Ending balance (in shares) at Jun. 30, 2024   100          
Ending balance at Jun. 30, 2024 $ 875.9 $ 0.0 1,968.0 (1,325.5) (5.4) 637.1 238.8
Beginning balance (in shares) at Dec. 31, 2024 100 100          
Beginning balance at Dec. 31, 2024 $ 486.9 $ 0.0 1,970.8 (1,685.1) (37.7) 248.0 238.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (71.8)     (73.7)   (73.7) 1.9
Other comprehensive income (loss) (11.2)       (11.2) (11.2)  
Share-based compensation 1.3   1.3     1.3  
Cash dividends (3.0)           (3.0)
Ending balance (in shares) at Mar. 31, 2025   100          
Ending balance at Mar. 31, 2025 $ 402.2 $ 0.0 1,972.1 (1,758.8) (48.9) 164.4 237.8
Beginning balance (in shares) at Dec. 31, 2024 100 100          
Beginning balance at Dec. 31, 2024 $ 486.9 $ 0.0 1,970.8 (1,685.1) (37.7) 248.0 238.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (84.0)            
Other comprehensive income (loss) $ 5.5            
Ending balance (in shares) at Jun. 30, 2025 100 100          
Ending balance at Jun. 30, 2025 $ 407.8 $ 0.0 1,973.6 (1,772.9) (32.2) 168.5 239.3
Beginning balance (in shares) at Mar. 31, 2025   100          
Beginning balance at Mar. 31, 2025 402.2 $ 0.0 1,972.1 (1,758.8) (48.9) 164.4 237.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net (loss) income (12.2)     (14.1)   (14.1) 1.9
Other comprehensive income (loss) 16.7       16.7 16.7  
Share-based compensation 1.5   1.5     1.5  
Cash dividends $ (0.4)           (0.4)
Ending balance (in shares) at Jun. 30, 2025 100 100          
Ending balance at Jun. 30, 2025 $ 407.8 $ 0.0 $ 1,973.6 $ (1,772.9) $ (32.2) $ 168.5 $ 239.3
v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Operating Activities:              
Net loss $ (12.2) $ (71.8) $ (188.5) $ (172.7) $ (84.0) $ (361.2)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Depreciation and amortization 153.8   142.7   302.3 293.2  
Share-based compensation         2.8 1.9  
Amortization of debt discount and debt issuance costs         29.3 34.4  
Impairment of long-lived assets 0.4   27.3   1.1 27.3  
Provision for credit losses 1.1   1.0   2.3 1.9  
Non-cash foreign currency exchange (gain) loss, net         (85.2) 15.1  
(Gain) loss on deconsolidation of subsidiaries and related adjustments (5.2)   22.9   (5.2) 22.9  
Writeoff of unamortized debt discount and debt issuance costs         10.3 0.0  
Gain on disposal of business         (4.9) (9.1)  
Deferred income taxes         0.0 (9.1)  
Other operating activities, net         (7.2) (10.5)  
Changes in assets and liabilities:              
Trade and other receivables, net         (94.4) (62.4)  
Prepaid expenses and other current assets         (120.9) (65.6)  
Accounts payable and other current liabilities         (101.1) 13.0  
Other noncurrent assets and liabilities         (3.0) (11.3)  
Operating leases, net         (4.4) (3.1)  
Net cash used in operating activities         (162.2) (122.6)  
Investing Activities:              
Acquisition of businesses, net of cash acquired         0.0 20.2  
Payment for asset acquisition         (11.3) 0.0  
Proceeds from sale of businesses, net of cash disposed         67.7 312.6  
Additions to property and equipment         (11.8) (8.9)  
Additions to intangible assets         (105.5) (125.8)  
Cash deconsolidated from previously controlled subsidiaries         0.0 (14.5)  
Other investing activities, net         (5.8) (2.7)  
Net cash (used in) provided by investing activities         (66.7) 180.9  
Financing Activities:              
Proceeds from issuance of debt and borrowings under revolving credit facility         810.3 777.6  
Repayments of debt and borrowings under revolving credit facility         (600.6) (816.8)  
Debt issuance costs paid 0.0 (2.5) (1.6)   (2.5) (1.6)  
Payment of deferred offering costs         (2.2) 0.0  
Finance leases         (7.8) (9.8)  
Cash dividends paid to noncontrolling interests         (3.4) (10.3)  
Other financing activities, net         10.5 8.7  
Net cash provided by (used in) financing activities         204.3 (52.2)  
Effect of exchange-rate changes on cash and cash equivalents         20.3 (11.1)  
Net decrease in cash and cash equivalents         (4.3) (5.0)  
Cash and cash equivalents at beginning of period   $ 263.8   $ 282.4 263.8 282.4 $ 282.4
Cash and cash equivalents at end of period $ 259.5   $ 277.4   259.5 277.4 $ 263.8
Supplemental Disclosures of Cash Flow Information:              
Cash paid for interest         167.5 213.5  
Cash paid for income taxes, net of refunds received         60.2 58.2  
Supplemental Disclosures of Non-Cash Items:              
Deferred offering costs included in accrued expenses         $ 13.7 $ 0.0  
v3.25.2
ORGANIZATION AND BASIS OF PRESENTATION
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
ORGANIZATION AND BASIS OF PRESENTATION
1. ORGANIZATION AND BASIS OF PRESENTATION
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 View.
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.
Reorganization
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 “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. See Note 17. "Subsequent Events" for further information on the impact of the Reorganization on the Company’s future consolidated financial statements.
Initial Public Offering
On July 24, 2025, NIQ Global Intelligence plc completed its IPO, in which NIQ Global Intelligence plc sold 50,000,000 ordinary shares at the initial public offering price of $21.00 per share. NIQ Global Intelligence plc received aggregate net proceeds of $985.1 million after deducting underwriting discounts and commissions and estimated offering expenses payable by NIQ Global Intelligence plc. See Note 17. "Subsequent Events" for further information.
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 accompanying financial statements present the historical financial information of Dutch Holdings. Subsequent to the Reorganization and IPO as described above, the historical financial statements of the AI PAVE Entities and the historical consolidated financial statements of Dutch Holdings will be combined with the historical financial statements of NIQ Global Intelligence plc and accounted for as a transaction between entities under common control, beginning with the financial statements as of and for the nine months ended September 30, 2025, which is the first reporting period following the Reorganization and IPO. See Note 17. "Subsequent Events" for further information.
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.
On July 10, 2023, the Company completed a transaction to combine with GfK SE (“GfK”), a European company (societas Europaea) organized under German law (“the GfK Combination”). Prior to the GfK Combination, GfK entered into an agreement to sell its Consumer Panel business on July 6, 2023. On January 9, 2024, the Company completed the sale. See Note 3. "Discontinued Operations and Disposals" for further information.
In the second and third quarters of 2024, the Company determined that it could no longer exercise control over its subsidiaries in Russia and deconsolidated the operations of these entities. See Note 3. "Discontinued Operations and Disposals" for further information.
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. The assets and liabilities of the Netquest business were classified as “Held for Sale” at December 31, 2024. On February 3, 2025, the Company completed the sale. See Note 3. "Discontinued Operations and 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 and six months ended June 30, 2025.
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, 2024 as disclosed in the Company’s prospectus, dated July 22, 2025, filed with the Securities and Exchange Commission in accordance with Rule 424(b) of the Securities Act on July 24, 2025 in connection with the Company’s IPO.
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, 2024.

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.
Recently Issued Accounting Pronouncements Not Yet Adopted
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. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this ASU on its related disclosures and plans to adopt this ASU for the year ended December 31, 2025.
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 July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities (PCC), which allows all entities to apply a practical expedient that simplifies the estimation of expected credit losses on current accounts receivable and current contract assets arising from transactions accounted for under ASC 606. This elective guidance is effective for annual reporting periods beginning after December 15, 2025. 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.
v3.25.2
ACQUISITION
 6 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
ACQUISITION
2. ACQUISITION
On April 21, 2025, the Company completed the acquisition of certain assets and liabilities of Analytical Flavor Systems, Inc. (dba Gastrograph AI) (“Gastrograph”), a market-leading discovery and inquiry platform for sensory insights, for cash consideration of $12.5 million (the “Gastrograph Acquisition”), subject to certain working capital adjustments. The Company accounted for the transaction as an asset acquisition as substantially all of the fair value of the assets acquired was concentrated in Gastrograph’s developed technology, which includes applications, models and the underlying database. The Company used the cost accumulation model, whereby the majority of the total acquisition cost, inclusive of direct transaction costs, was allocated to the acquired asset developed technology, which is estimated to have a useful life of three years. The Company believes the Gastrograph Acquisition further strengthens NIQ’s artificial intelligence (“AI”) capabilities and competitive differentiation to provide consumer packaged goods companies with the The Full View.
v3.25.2
DISCONTINUED OPERATIONS AND DISPOSALS
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS AND DISPOSALS
3. DISCONTINUED OPERATIONS AND DISPOSALS
Sale of GfK Consumer Panel Business
On January 9, 2024 (the “Transaction Date”), the Company completed the sale of GfK’s Consumer Panel business for cash consideration of €316.6 million (equivalent to approximately $350.0 million USD), subject to final closing adjustments. The Company received proceeds, net of cash disposed, of €278.4 million (equivalent to approximately $301.7 million USD) on the Transaction Date, which were primarily used to repay outstanding borrowings under the Revolver. The Company received an additional €10.0 million (equivalent to approximately $10.9 million USD) during the second quarter of 2024, an additional €3.0 million (equivalent to approximately $3.3 million USD) during the third quarter of 2024, and an additional €10.5 million (equivalent to approximately $10.9 million USD) during the first quarter of 2025, as a result of certain closing adjustments. The Company recognized a gain from the sale of $12.4 million during the year ended December 31, 2024, of which $9.1 million was recognized during the six months ended June 30, 2024. A loss of $0.3 million was recognized during the three months ended June 30, 2024, related to certain closing adjustments. The gain from the sale is recorded within discontinued operations.
Deconsolidation of Russian Entities
As described in Note 1. "Organization and Basis of Presentation", the evolving regulatory environment in Russia, including economic sanctions from the United States, European Union, and other governments as well as a series of local laws issued in Russia, impacted the Company’s operations in Russia. As a result, the Company experienced significantly reduced communication with operations in Russia, and the Russian operations disconnected from the Company’s central systems. Although the Company continues to be the record holder of the shares in subsidiaries that operate in Russia, these subsidiaries are overseen solely by management within Russia without day-to-day or other supervision by the Company. While those subsidiaries continue to operate independently in Russia, the Company does not have the power to direct the activities that most significantly impact the economic performance of the Russia operations. As a result, the Company determined that it no longer exercised control over these entities and deconsolidated its Russia businesses in the second and third quarters of 2024. During the three and six months ended June 30, 2024 a loss on deconsolidation of $22.9 million was included in nonoperating income (expense), net, and during the three and six months ended June 30, 2025 a gain of $5.2 million was included in nonoperating income (expense), net related to certain adjustments following the deconsolidation.
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 received an additional €5.0 million (equivalent to approximately $5.9 million USD) in May 2025, related to the settlement of escrow. The Company recognized a gain from the sale of $4.9 million, after related transaction costs, during the six months ended June 30, 2025, which is recorded within selling, general and administrative expenses. A $0.7 million loss was recognized during the three months ended June 30, 2025, related to certain closing adjustments.
Beginning with the December 17, 2024 agreement date, the Netquest business was classified as held for sale. 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.
The assets and liabilities classified as held for sale were recorded at cost, as follows:
(in millions)
December 31, 2024
Cash and cash equivalents
$1.9 
Trade receivables, net
7.9 
Other current assets
1.9 
Intangible assets, net
22.2 
Goodwill
21.1 
Other noncurrent assets
7.8 
Current assets held for sale
$62.8 
Accounts payable
$2.8 
Accrued expenses
8.2 
Other current liabilities1.2 
Other noncurrent liabilities
5.1 
Current liabilities held for sale
$17.3 
v3.25.2
REVENUE
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
REVENUE
4. REVENUE
NIQ provides data and analytical services through its Intelligence and Activation offerings to customers globally in various end markets within its reportable segments, which consist of Americas, EMEA and APAC. 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 and six months ended June 30, 2025 and 2024.
The following table disaggregates revenue by reportable segment:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Americas
$400.0 $389.4 $778.3 $753.7 
EMEA466.2 425.8 885.1 855.9 
APAC174.6 170.6 343.3 338.1 
Total revenues$1,040.8 $985.8 $2,006.7 $1,947.7 
The following table disaggregates revenue by major product offerings and by timing of revenue recognition:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Major product offerings
Intelligence$841.6 $787.1 $1,639.0 $1,580.4 
Activation199.2 198.7 367.7 367.3 
Total revenues$1,040.8 $985.8 $2,006.7 $1,947.7 

Timing of revenue recognition
Data and services transferred over time
$855.4 $800.6 $1,662.7 $1,598.4 
Data and services transferred at a point in time
185.4 185.2 344.0 349.3 
Total revenues$1,040.8 $985.8 $2,006.7 $1,947.7 
Revenues in the United States represented approximately 24% and 25% of total revenues for the three months ended June 30, 2025 and 2024, respectively, and 24% for each of the six months ended June 30, 2025 and 2024. No other individual country’s revenues were greater than 10% of total revenues during these periods. Revenues in the Netherlands, the Company’s country of domicile, represented approximately 2% of total revenues for the three and six months ended June 30, 2025 and approximately 1% for the three and six months ended June 30, 2024.
At the inception of a contract, NIQ generally expects the period between when it transfers its data and services to its customers and when the customer 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 customer 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 June 30, 2025 and December 31, 2024, $214.4 million and $122.8 million, respectively, of contract assets were recorded as a component of trade receivables, net in the condensed consolidated balance sheets.
Deferred revenues relate to advance consideration received or the right to consideration that is unconditional from customers for which revenue is recognized when the performance obligation is satisfied and control is transferred to the customer. At December 31, 2024, $273.4 million of deferred revenues were recorded in the condensed consolidated balance sheets, of which substantially all was recognized as revenue during the three and six months ended June 30, 2025. At June 30, 2025, the balance of deferred revenues was $330.2 million.
Remaining performance obligations include both amounts recorded as deferred revenue on the balance sheet as of June 30, 2025 as well as amounts not yet invoiced to customers as of June 30, 2025, 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 of convenience clause. As of June 30, 2025, the aggregate amount of the transaction price allocated to remaining performance obligations was approximately $1.7 billion. The Company expects to recognize into revenue approximately 32% of this balance within one year, approximately 39% of this balance between one to two years and the remaining amount thereafter.
v3.25.2
GOODWILL
 6 Months Ended
Jun. 30, 2025
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, 2024
$599.0 $1,096.9 $513.6 $2,209.5 
Foreign currency exchange rate changes
9.5 164.2 17.5 191.2 
Balance at June 30, 2025
$608.5 $1,261.1 $531.1 $2,400.7 
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL BALANCE SHEET INFORMATION
6. SUPPLEMENTAL BALANCE SHEET INFORMATION
NIQ estimates credit losses over the life of its trade accounts receivable using a combination of historical loss data, current credit conditions, specific customer circumstances and reasonable and supportable forecasts of future economic conditions. As of June 30, 2025 and December 31, 2024, the allowance for expected credit losses was $12.0 million and $12.1 million, respectively. The total amount recorded as selling, general and administrative expenses for credit losses was $1.1 million and $1.0 million for the three months ended June 30, 2025 and 2024, respectively, and $2.3 million and $1.9 million for the six months ended June 30, 2025 and 2024, respectively.
Prepaid expenses and other current assets consisted of the following:
(in millions)June 30, 2025December 31, 2024
Prepaid expenses$202.9 $107.7 
Derivative assets (Note 8)
1.1 11.1 
Other30.3 17.5 
$234.3 $136.3 
The Company capitalizes certain legal, professional accounting and other third-party fees that are directly associated with in-process equity financings as deferred offering costs until such financings are consummated. After consummation of the equity financing, these costs are recorded as a reduction of the proceeds from the offering. As of June 30, 2025, deferred offering costs of $15.9 million were recorded to prepaid expenses and other current assets in the condensed consolidated balance sheet. Deferred offering costs were insignificant as of December 31, 2024.
Other noncurrent assets consisted of the following:
(in millions)June 30, 2025December 31, 2024
Equity method investments$67.3 $58.1 
Defined benefit plan assets49.1 44.1 
Cost method investments45.2 44.8 
Prepaid expenses11.1 12.6 
Debt issuance costs7.9 6.3 
Other107.1 105.8 
$287.7 $271.7 
Accrued expenses consisted of the following:
(in millions)June 30, 2025December 31, 2024
Data and professional services$219.2 $161.9 
Payroll and benefit costs211.4 288.7 
Accrued income taxes46.9 37.2 
Restructuring liabilities (Note 11)
52.0 74.4 
Other41.9 43.1 
$571.4 $605.3 
Other current liabilities consisted of the following:
(in millions)June 30, 2025December 31, 2024
Derivative liabilities (Note 8)
$59.7 $6.6 
Operating lease liabilities58.1 52.9 
Other74.6 72.0 
$192.4 $131.5 
Other noncurrent liabilities consisted of the following:
(in millions)June 30, 2025December 31, 2024
Defined benefit plan liabilities (Note 12)
$103.1 $93.9 
Derivative liabilities (Note 8)
36.2 14.1 
Restructuring liabilities (Note 11)
1.2 4.3 
Other143.4 139.5 
$283.9 $251.8 
v3.25.2
DEBT
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
DEBT
7. DEBT
Term Loans and Revolver
The Company, through its subsidiaries, has a credit agreement (“the Credit Agreement”), comprised of 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). Prior to January 2025, the term loans are comprised of 2023 tranches as defined below (“2023 USD Term Loan”, “2023 EUR Term Loan” and “2023 Liquidity Term Loan”, collectively “2023 Tranches”) issued to fund working capital and the GfK Combination and 2021 tranches as defined below (“2021 USD Term Loan” and “2021 EUR Term Loan”, collectively “2021 Tranches”) issued in connection with the Advent Acquisition (collectively, “2023 and 2021 Term Loans”).

2025 Debt Refinancing
On January 24, 2025, the Credit Agreement was amended to consolidate the 2023 Tranches and the 2021 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 the expense of $0.3 million in third-party legal fees. The Company recorded the loss in nonoperating income (expense), net. The Canadian dollar tranche (“2021 CAD Term Loan”) and Revolver remain 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 August 12, 2025, the Credit Agreement was 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. See Note 17. "Subsequent Events" for additional information.
The following table sets forth the Company’s outstanding indebtedness following the 2025 Debt Refinancing:
(in millions)
June 30, 2025
USD Term Loan, less unamortized discount of $75.6
$2,188.7 
EUR Term Loan, less unamortized discount of $35.1
1,603.2 
2021 CAD Term Loan, less unamortized discount of $0.2
89.9 
Revolver562.5 
Other debt35.2 
Total debt4,479.5 
Finance leases37.6 
Other financing obligations57.7 
Total debt, finance leases and other financing obligations4,574.8 
Less: Unamortized debt issuance costs(47.8)
Less: Short-term debt and current portion of long-term debt(107.8)
Total long-term debt
$4,419.2 
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.
At June 30, 2025, the interest rate for the USD Term Loan was approximately 7.8%.
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.
At June 30, 2025, the interest rate for the EUR Term Loan was approximately 5.6%.
2023 and 2021 Term Loans
The respective terms of each debt arrangement are further described below. The following table sets forth the Company’s outstanding indebtedness as of December 31, 2024:
(in millions)
December 31, 2024
2023 USD Term Loan, less unamortized discount of $66.3
$921.4 
2023 EUR Term Loan, less unamortized discount of $36.7
607.3 
2023 Liquidity Term Loan, less unamortized discount of $27.3
441.8 
2021 USD Term Loan, less unamortized discount of $2.1
804.4 
2021 EUR Term Loan, less unamortized discount of $1.3
792.4 
2021 CAD Term Loan, less unamortized discount of $0.2
85.5 
Revolver364.0 
Other debt31.7 
Total debt4,048.5 
Finance leases38.7 
Other financing obligations47.4 
Total debt, finance leases and other financing obligations4,134.6 
Less: Unamortized debt issuance costs(53.8)
Less: Short-term debt and current portion of long-term debt(121.0)
Total long-term debt
$3,959.8 
2023 USD Term Loan
On July 10, 2023, the Credit Agreement was amended to issue a U.S. Dollar term loan (“2023 USD Term Loan”) in the aggregate principal amount of $980.0 million. The 2023 USD Term Loan was issued at a price of 89.0% of the aggregate principal amount, which resulted in a discount related to underwriting fees of $107.8 million. At commencement, the 2023 USD Term Loan was subject to interest at term Secured Overnight Financing Rate (“SOFR”) plus a spread of 625 basis points.
On July 11, 2024, the Credit Agreement was amended to reduce the interest rate spread on the 2023 USD Term Loan from 625 basis points to 475 basis points. On July 18, 2024, the Credit Agreement was further amended to issue additional debt of $20.0 million within the 2023 USD Term Loan.
At December 31, 2024, the interest rate for the 2023 USD Term Loan was approximately 9.3%.
2023 EUR Term Loan
On July 10, 2023, the Credit Agreement was amended to issue a Euro term loan (“2023 EUR Term Loan”) in the aggregate principal amount of €500.0 million (equivalent to approximately $550.0 million USD). The 2023 EUR Term Loan was issued at a price of 89.0% of the aggregate principal amount, which resulted in a discount related to underwriting fees of €55.0 million (equivalent to approximately $60.5 million USD). At commencement, the 2023 EUR Term Loan was subject to interest at Euro LIBOR plus a spread of 650 basis points.
On July 11, 2024, the Credit Agreement was amended to reduce the interest rate spread on the 2023 EUR Term Loan from 650 basis points to 475 basis points. On July 18, 2024, the Credit Agreement was further amended to issue additional debt of €123.5 million (equivalent to approximately $135.0 million USD) within the 2023 EUR Term Loan.
At December 31, 2024, the interest rate for the 2023 EUR Term Loan was approximately 7.8%.
2023 Liquidity Term Loan
On February 28, 2023, the Credit Agreement was amended to issue a U.S. Dollar term loan (“2023 Liquidity Term Loan”) in the aggregate principal amount of $475.0 million. The 2023 Liquidity Term Loan was issued at a price of 89.0% of the aggregate principal amount, which resulted in a discount related to underwriting fees of $52.3 million. At commencement, the 2023 Liquidity Term Loan was subject to interest at term SOFR plus a spread of 625 basis points.
On July 11, 2024, the Credit Agreement was amended to reduce the interest rate spread on the 2023 Liquidity Term Loan from 625 basis points to 475 basis points.
At December 31, 2024, the interest rate for the 2023 Liquidity Term Loan was approximately 9.3%.
2021 USD Term Loan
On March 5, 2021, a U.S. Dollar tranche (“2021 USD Term Loan”) was issued in the aggregate principal amount of $950.0 million. The 2021 USD Term Loan was issued at a price of 99.5% of the aggregate principal amount, which resulted in a discount related to underwriting fees of $4.8 million. From the commencement date through November 29, 2021, the 2021 USD Term Loan was subject to interest at LIBOR plus a spread of 375 to 400 basis points dependent on certain ratio levels.
On November 30, 2021, the Credit Agreement was amended to issue additional debt within the 2021 EUR Term Loan which is further described below. The Company used the proceeds to pay down the 2021 USD Term Loan by approximately $111.6 million. The amended Credit Agreement also reduced the interest rate spread to a range of 350 to 375 basis points dependent on certain ratio levels. On July 10, 2023, the Credit Agreement was amended to replace LIBOR with term SOFR.
At December 31, 2024, the interest rate for the 2021 USD Term Loan was approximately 8.4%.
2021 EUR Term Loan
On March 5, 2021, a Euro tranche (“2021 EUR Term Loan”) was issued in the aggregate principal amount of €545.0 million (equivalent to approximately $650.0 million USD). The 2021 EUR Term Loan was issued at a price of 99.5% of the aggregate principal amount, which resulted in a discount related to underwriting fees of €2.7 million (equivalent to approximately $3.3 million USD). From the commencement date through November 29, 2021, the 2021 EUR Term Loan was subject to interest at Euro LIBOR plus a spread of 350 to 400 basis points dependent on certain ratio levels.
On November 30, 2021, the Credit Agreement was amended to issue additional debt within the 2021 EUR Term Loan of €250.0 million (equivalent to approximately $283.5 million USD). The Company used the proceeds to pay down the 2021 USD Term Loan as described above and to finance other acquisitions. The amended Credit Agreement also reduced the interest rate spread for the 2021 EUR Term Loan to a range of 325 to 375 basis points dependent on certain ratio levels.
At December 31, 2024, the interest rate for the 2021 EUR Term Loan was approximately 6.8%.
2021 CAD Term Loan
On March 5, 2021, the 2021 CAD Term Loan was issued in the aggregate principal amount of C$128.0 million (equivalent to approximately $100.0 million USD). The 2021 CAD Term Loan was issued at a price of 99.5% of the aggregate principal amount, which resulted in a discount related to underwriting fees of C$0.6 million (equivalent to approximately $0.5 million USD). From the commencement date through November 29, 2021, the 2021 CAD Term Loan was subject to interest at Canadian Dollar Offered Rate (“CDOR”) plus a spread of 450 to 475 basis points dependent on certain ratio levels.
On November 30, 2021, the Credit Agreement was amended to reduce the interest rate spread to a range of 400 to 425 basis points dependent on certain ratio levels. On June 28, 2024, the Credit Agreement was amended to replace CDOR with term Canadian Overnight Repo Rate Average.
At June 30, 2025 and December 31, 2024, the interest rate for the 2021 CAD Term Loan was approximately 7.0% and 7.9%, respectively.
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. On June 28, 2024, the Credit Agreement was amended to extend the maturity date of the Revolver to March 5, 2028. At June 30, 2025 and December 31, 2024, the maximum borrowing capacity under the Revolver was $638.3 million with an available borrowing capacity of $75.8 million and $274.3 million, respectively, due to outstanding proceeds as of the dates reported.
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.
At June 30, 2025 and December 31, 2024, the weighted-average interest rate for borrowings under the Revolver was approximately 7.8% and 8.1%, respectively.
On July 11, 2025, the Credit Agreement was amended to, among other things, increase the aggregate principal amount of the Revolver to $750.0 million. See Note 17. "Subsequent Events" for additional information.
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 June 30, 2025.
Maturity Profile
The following table sets forth the aggregate principal repayment requirements for total debt:
(in millions)
2025$21.4 
202649.3 
202723.6 
20284,496.1 
2029— 
Thereafter— 
Total payments on debt
4,590.4 
Unamortized debt discounts
(110.9)
Total debt
$4,479.5 
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 and Revolver of $2.5 million for the three months ended March 31, 2025 while no costs were incurred for the three months ended June 30, 2025. The Company incurred costs of $1.6 million for the three and six months ended June 30, 2024.
As of June 30, 2025 and December 31, 2024, unamortized debt issuance costs associated with the Company’s term loans totaled $47.8 million and $53.8 million, respectively, and were presented as a reduction of debt in the condensed consolidated balance sheets. Unamortized debt issuance costs associated with the Revolver totaled $7.9 million and $9.1 million as of June 30, 2025 and December 31, 2024, respectively.
Other Financing Obligations
The Company has a program in which trade receivable are sold to third parties. The available capacity under the program is €270.0 million (equivalent to approximately $318.2 million USD as of June 30, 2025), with the underlying transactions accounted for as true sales, without recourse. As of June 30, 2025 and December 31, 2024, $165.9 million and $146.6 million, respectively, of previously sold receivables remained outstanding. The Company recorded costs associated with the factoring program in nonoperating income (expense), net, primarily representing administrative and financing costs which totaled $2.9 million and $4.1 million for the three months ended June 30, 2025 and 2024, respectively, and $5.7 million and $7.9 million for the six months ended June 30, 2025 and 2024, respectively. The proceeds from the sales are reported as operating activities in the condensed consolidated statements of cash flows and totaled $717.7 million and $690.9 million for the six months ended June 30, 2025 and 2024, respectively.
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS
 6 Months Ended
Jun. 30, 2025
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 receivable, 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 and derivative 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 June 30, 2025 and December 31, 2024, equity method investments were $67.3 million and $58.1 million, respectively, and are included in other noncurrent assets in the condensed consolidated balance sheets. At June 30, 2025 and December 31, 2024, there were trade receivables of $4.4 million and $11.8 million, respectively, and trade payables of $4.9 million and $4.5 million, respectively, related to transactions with equity method investments.
Equity securities without a readily determinable fair value are recorded at cost less any impairment. At June 30, 2025 and December 31, 2024, the Company held $45.2 million and $44.8 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 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:
June 30, 2025December 31, 2024
(in millions)
Carrying Value
Fair Value
Carrying Value
Fair Value
Term Loans(1)(2)
$3,992.7 $4,010.2 $3,786.7 $3,798.6 
(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 2026 and February 2028, respectively, 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 2026 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. For the three and six months ended June 30, 2024, the Company recognized a gain of $7.4 million and $16.2 million, respectively, in foreign currency exchange gain (loss), net on the Company’s foreign exchange contracts. In December 2024, the Company settled its outstanding foreign exchange contracts prior to the expiration of their contractual maturities. In April 2025, the Company entered into new foreign exchange forward contracts designated as cash flow hedges for accounting purposes, with the exception of its euro currency hedges, which were not fully designated as hedges for accounting purposes as of June 30, 2025. For the euro currency hedges, the Company recognized a loss of $4.7 million million in foreign currency exchange gain (loss), net for the three and six months ended June 30, 2025, respectively. The foreign exchange forward contracts have expiration dates through June 2026.
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 $0.5 million and $8.5 million into earnings for the three months ended June 30, 2025 and 2024, respectively, and gains of $9.7 million and $17.0 million for the six months ended June 30, 2025 and 2024, respectively.
The following table sets forth the fair value amounts of derivatives presented in the condensed consolidated financial statements:
June 30, 2025December 31, 2024
(in millions)
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
Derivatives designated as cash flow hedges
Interest rate contracts
$— $7.5 $0.3 $9.3 
Cross-currency swaps1.2 80.7 7.1 5.5 
Foreign exchange forward contracts
— 0.7 — — 
$1.2 $88.9 $7.4 $14.8 
Derivatives designated as net investment hedges
Cross-currency swaps$— $2.7 $3.8 $5.9 
Derivatives not designated as hedging instruments
Foreign exchange forward contracts
— 4.3 — — 
Total derivatives$1.2 $95.9 $11.2 $20.7 
As reported in the Condensed Consolidated Balance Sheets
Prepaid expenses and other current assets$1.1 $— $11.1 $— 
Other noncurrent assets0.1 — 0.1 — 
Other current liabilities— 59.7 — 6.6 
Other noncurrent liabilities— 36.2 — 14.1 
$1.2 $95.9 $11.2 $20.7 
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 condensed consolidated financial statements.
The following tables present the gains (losses) on the Company’s interest rate contracts and cross-currency swaps:
(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 June 30, 2025:
Designated as cash flow hedges:
Interest rate contracts
$(7.5)$— $(1.0)$(6.5)
Cross-currency swaps
(4.5)(43.7)(37.5)(10.7)
Foreign exchange forward contracts
— (0.7)— (0.7)
Designated as net investment hedges:
Cross-currency swaps
$4.1 $(6.6)$— $(2.5)
Three Months Ended June 30, 2024:
Designated as cash flow hedges:
Interest rate contracts
$31.7 $5.1 $10.5 $26.3 
Cross-currency swaps
1.1 7.0 8.4 (0.3)
Designated as net investment hedges:
Cross-currency swaps$7.4 $(3.3)$— $4.1 
(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)
Six Months Ended June 30, 2025:
Designated as cash flow hedges:
Interest rate contracts
$0.8 $0.2 $7.5 $(6.5)
Cross-currency swaps
(3.9)(74.8)(68.0)(10.7)
Foreign exchange forward contract
— (0.7)— (0.7)
Designated as net investment hedges:
Cross-currency swaps
$(1.9)$(0.6)$— $(2.5)
Six Months Ended June 30, 2024:
Designated as cash flow hedges:
Interest rate contracts
$26.7 $20.7 $21.1 $26.3 
Cross-currency swaps
(2.3)16.6 14.6 (0.3)
Designated as net investment hedges:
Cross-currency swaps$— $4.1 $— $4.1 
v3.25.2
EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
9. EARNINGS PER SHARE
Basic loss per share is computed by dividing loss from continuing operations attributable to NIQ by the weighted-average number of common shares outstanding during the periods. Diluted loss per share is computed by giving effect to all potential weighted-average dilutive common stock. The Company did not have any potentially dilutive common shares for the three and six months ended June 30, 2025 and 2024.
The following table sets forth the computation of basic and diluted loss per share for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(in millions, except share data)
2025202420252024
Loss from continuing operations
$(12.2)$(188.2)$(84.0)$(370.4)
Less: Net income attributable to noncontrolling interests
1.9 0.7 3.8 1.9 
Loss from continuing operations attributable to NIQ
(14.1)(188.9)(87.8)(372.3)
(Loss) income from discontinued operations— (0.3)— 9.2 
Net loss attributable to NIQ$(14.1)$(189.2)$(87.8)$(363.1)
Weighted average basic and diluted NIQ common stock outstanding100 100 100 100 
Basic and diluted loss per share from:
Loss from continuing operations attributable to NIQ
$(0.14)$(1.89)$(0.88)$(3.72)
Income from discontinued operations
— — — 0.09 
Net loss attributable to NIQ
$(0.14)$(1.89)$(0.88)$(3.63)
v3.25.2
INCOME TAXES
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES
10. INCOME TAXES
For the three months ended June 30, 2025 and 2024, the Company’s effective tax rate was 206% and (19)%, respectively. The change in the Company’s effective tax rate for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024 was primarily driven by an increase in the pre-tax book income and changes in jurisdictional earnings.
For the six months ended June 30, 2025 and 2024, the effective tax rate was (128)% and (20)%, respectively. The change in NIQ’s effective tax rate for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024 was primarily driven by a reduction in the pre-tax book loss and changes in jurisdictional earnings.
On July 4, 2025, the “One Big Beautiful Bill Act” (the “OBBA”) was signed into law. The OBBA includes significant changes to U.S. federal tax law, including expanded bonus depreciation for qualified production property, introduction of new limitations on interest deductibility and modifications to international tax provisions, including global intangible low-tax income and base erosion and anti-abuse regimes. The Company is currently evaluating the impact that the OBBA may have on its condensed consolidated financial statements. As the legislation was enacted after the end of the reporting period, the provisions of the OBBA did not affect the Company’s condensed consolidated financial statements for the three and six months ended June 30, 2025, but are expected to be reflected in the next fiscal quarter.
v3.25.2
RESTRUCTURING ACTIVITIES
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
RESTRUCTURING ACTIVITIES
11. RESTRUCTURING ACTIVITIES
The following table summarizes activity related to liabilities associated with restructuring activities:
(in millions)
Cost Efficiency Program(1)
GfK Integration(2)
Total
Balance as of December 31, 2024
$14.1 $64.6 $78.7 
Charges
1.1 3.5 4.6 
Other adjustments
0.8 — 0.8 
Payments
(9.2)(9.5)(18.7)
Balance as of March 31, 2025$6.8 $58.6 $65.4 
Charges
2.7 (2.3)0.4 
Other adjustments
4.1 — 4.1 
Payments
(5.6)(11.1)(16.7)
Balance as of June 30, 2025
$8.0 $45.2 $53.2 
(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.
v3.25.2
PENSION AND OTHER POST-RETIREMENT BENEFITS
 6 Months Ended
Jun. 30, 2025
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 June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Service cost
$3.2 $2.5 $5.2 $5.1 
Interest cost
7.0 4.6 12.2 9.3 
Expected return on plan assets
(8.1)(5.0)(14.1)(10.1)
Amortization of net gain
(0.2)(0.1)(0.3)(0.2)
Net periodic pension cost
$1.9 $2.0 $3.0 $4.1 
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 $0.5 million for the three months ended June 30, 2025 and 2024, respectively, and $2.2 million and $1.0 million for the six months ended June 30, 2025 and 2024, respectively, were presented as a component of nonoperating income (expense), net.
v3.25.2
REPORTABLE SEGMENTS
 6 Months Ended
Jun. 30, 2025
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 and Africa 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.
The Company’s chief operating decision maker (“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. 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 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 June 30,
20252024
(in millions)
AmericasEMEAAPACAmericasEMEAAPAC
Revenues
$400.0 $466.2 $174.6 $389.4 $425.8 $170.6 
Less:
Data acquisition costs
86.0 77.9 30.6 86.9 78.3 27.8 
Other segment costs(1)
198.5 254.7 112.2 190.1 241.8 107.9 
Segment Adjusted EBITDA$115.5 $133.6 $31.8 $112.4 $105.7 $34.9 
Six Months Ended June 30,
20252024
(in millions)
AmericasEMEAAPACAmericasEMEAAPAC
Revenues
$778.3 $885.1 $343.3 $753.7 $855.9 $338.1 
Less:
Data acquisition costs
172.2 150.7 59.3 176.6 156.5 57.1 
Other segment costs(1)
379.8 480.8 215.1 382.6 484.3 206.1 
Segment Adjusted EBITDA$226.3 $253.6 $68.9 $194.5 $215.1 $74.9 
(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 income (loss) from continuing operations before income taxes, for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Adjusted EBITDA by segment
Americas$115.5 $112.4 $226.3 $194.5 
EMEA133.6 105.7 253.6 215.1 
APAC31.8 34.9 68.9 74.9 
Total segment Adjusted EBITDA280.9 253.0 548.8 484.5 
Adjustments to reconcile to income (loss) from continuing operations before income taxes:
Corporate expenses not allocated to segments(66.0)(67.3)(145.2)(145.2)
Depreciation and amortization(153.8)(142.7)(302.3)(293.2)
Interest expense, net(95.2)(107.0)(178.7)(213.9)
Transformation program costs(1)
(12.5)(15.7)(18.1)(27.6)
GfK integration costs(2)
(1.9)(19.8)(16.6)(36.0)
Acquisitions and transaction related costs(3)
(2.9)(3.1)(8.3)(5.7)
Foreign currency exchange gain (loss), net57.4 (1.0)89.4 (14.1)
Nonoperating items, net(4)
6.4 (27.7)(10.2)(31.0)
Share-based compensation expense(1.5)(0.7)(2.8)(1.9)
Impairment of long-lived assets(0.4)(27.3)(1.1)(27.3)
Net income attributable to noncontrolling interests1.9 0.7 3.8 1.9 
Other operating items, net(5)
(0.8)0.1 4.4 (0.2)
Income (loss) from continuing operations before income taxes$11.6 $(158.5)$(36.9)$(309.7)
(1) Transformation program costs include employee separation costs as further discussed in Note 11. "Restructuring Activities", as well as additional costs associated with accelerated technology investment and consultancy and advisory fees incurred to evaluate and improve organizational efficiencies and operations.
(2) GfK integration costs include employee separation costs as further discussed in Note 11. "Restructuring Activities", as well as additional costs for consulting fees and integration associated with the GfK Combination.
(3) 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.
(4) 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 and (vi) other nonoperating expenses. See Note 14. "Nonoperating income (expense), net for further information on these adjustments.
(5) 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:
June 30, 2025December 31, 2024
Germany
28 %26 %
United States
20 %23 %
United Kingdom10 %9 %
Tangible long-lived assets in the Netherlands, the Company’s country of domicile, represented less than 1% of total tangible long-lived assets as of June 30, 2025 and December 31, 2024.
v3.25.2
NONOPERATING INCOME (EXPENSE), NET
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
NONOPERATING INCOME (EXPENSE), NET
14. NONOPERATING INCOME (EXPENSE), NET
The following table sets forth the components of nonoperating income (expense), net:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Deconsolidation of subsidiaries$5.2 $(22.9)$5.2 $(22.9)
Write-off of unamortized debt discount and debt issuance costs (Note 7)
— — (10.3)— 
Factoring fees(2.9)(4.1)(5.7)(7.9)
Net periodic pension benefit, other than service cost
1.3 0.5 2.2 1.0 
Earnings from equity method investments1.1 1.7 2.2 3.1 
Income from transition services agreement
2.4 2.8 5.2 5.6 
Settlement of tax indemnification
(0.3)— (4.4)— 
Other
3.1 (1.2)2.8 (1.2)
Nonoperating income (expense), net$9.9 $(23.2)$(2.8)$(22.3)
v3.25.2
COMMITMENTS AND CONTINGENCIES
 6 Months Ended
Jun. 30, 2025
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 June 30, 2025, 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.
v3.25.2
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
16. ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
The following table sets forth the changes in each component of accumulated other comprehensive (loss) income, net of tax:
(in millions)Foreign Currency Translation
Defined Benefit Plans
Cash Flow Hedges
Accumulated Other Comprehensive (Loss) Income
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)
Foreign currency adjustments:
Foreign currency translation adjustments29.7 — — 29.7 
Net investment hedges(6.6)— — (6.6)
Defined benefit plan adjustments, net of tax of $0.2
— (0.5)— (0.5)
Cash flow hedges, net of tax of $—
— — (5.9)(5.9)
Balance as of June 30, 2025
$4.8 $(19.1)$(17.9)$(32.2)
Balance as of December 31, 2023
$81.2 $(24.9)$24.4 $80.7 
Foreign currency adjustments:
Foreign currency translation adjustments(83.5)— — (83.5)
Net investment hedges7.4 7.4 
Defined benefit plan adjustments, net of tax of $—
— 0.5 — 0.5 
Cash flow hedges, net of tax of $—
— — 8.4 8.4 
Balance as of March 31, 2024$5.1 $(24.4)$32.8 $13.5 
Foreign currency adjustments:
Foreign currency translation adjustments(8.8)— — (8.8)
Net investment hedges(3.3)— — (3.3)
Cash flow hedges, net of tax of $—
— — (6.8)(6.8)
Balance as of June 30, 2024
$(7.0)$(24.4)$26.0 $(5.4)
v3.25.2
SUBSEQUENT EVENTS
 6 Months Ended
Jun. 30, 2025
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS
17. SUBSEQUENT EVENTS
Reorganization
On July 22, 2025, the Reorganization was completed, whereby NIQ Global Intelligence plc became the direct parent of AI PAVE and the indirect parent of other intermediate holding companies, including Dutch Holdings. All holders of equity interests in AI PAVE became shareholders of NIQ Global Intelligence plc.
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). Beginning with the financial statements as of and for the nine months ended September 30, 2025, which is the first reporting period following the Reorganization, the historical financial statements of the AI PAVE Entities and the historical consolidated financial statements of Dutch Holdings will be combined with the historical financial statements of NIQ Global Intelligence plc., and NIQ Global Intelligence plc and its wholly-controlled subsidiaries will henceforth serve as the basis of presentation for all combined consolidated financial statements.
In connection with the Reorganization, the number of ordinary shares authorized increased to 1,500,000,000 and the ordinary shares outstanding became 245,000,000.
In connection with the Advent Acquisition, the Company issued a warrant to VNU International B.V., an affiliate of Nielsen, to subscribe for up to 184,284 shares of AI PAVE with an exercise price of $1,627.92 per share. The warrant is classified as a liability. Historically, this liability was maintained by AI PAVE, an entity that was not consolidated in the Company’s condensed consolidated financial statements as discussed above.
Upon the Reorganization, NIQ Global Intelligence plc will present a warrant liability of $255.1 million in its consolidated financial statements. NIQ Global Intelligence plc will remeasure the liability to fair value each reporting period based on the Black-Scholes option pricing model. Pursuant to its terms, the warrant converted to represent the right to subscribe for up to 17,725,122 ordinary shares of NIQ Global Intelligence plc with an exercise price of $16.93 per ordinary share.
Aside from the establishment of the warrant liability, the Company has assessed the impact to the consolidated financial statements of NIQ Global Intelligence plc as a result of the Reorganization to be immaterial.
Initial Public Offering
On July 24, 2025, NIQ Global Intelligence plc completed its IPO, in which NIQ Global Intelligence plc sold 50,000,000 ordinary shares at the initial public offering price of $21.00 per share. NIQ Global Intelligence plc 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 (i) the outstanding borrowings under the Revolver of approximately $533.4 million, (ii) the outstanding borrowings under the 2021 CAD Term Loan in the amount of C$122.6 million (approximately $89.0 million USD), (iii) a portion of the borrowings under the EUR Term Loan in the amount of €255.0 million (approximately $298.4 million USD, including accrued interest of $2.8 million USD) and (iv) accrued interest on the USD Term Loan of $5.7 million, as further discussed below. The Company also reclassed approximately $20.3 million of deferred offering from prepaid expenses and other current assets to paid-in capital.
During the third quarter of 2025, the Company recognized a cumulative expense of approximately $43.2 million for share-based compensation as a result of the accelerated and incremental vesting of the Incentive Awards and RSUs under the 2021 Plan, as triggered by the IPO. This amount also included expense related to the accelerated vesting of the phantom awards, which are cash-settled awards that were granted by Advent to certain NIQ employees upon the Advent Acquisition. The Company recognized a liability of approximately $23.5 million for the remaining phantom awards, which may be cash-settled upon the second anniversary of the IPO. The Company will remeasure the liability to fair value each reporting period until settlement.
In connection with the IPO, the Board of Directors adopted the NIQ Global Intelligence plc 2025 Equity Incentive Plan (the “2025 Plan”).
Debt Refinancing
Revolver & Term Loan Refinancing
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. During the third quarter of 2025, the Company anticipates recording a loss of approximately $1.4 million in nonoperating income (expense), net, related to the write-off of unamortized debt discount and issuance costs associated with this amendment.
On August 12, 2025, the Credit Agreement was 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. The impact of this amendment will be evaluated and recorded in the third quarter of 2025.
Acquisition of M-Trix
On July 10, 2025, the Company entered into a definitive agreement to acquire 100% of the share capital of M-TRIX Tecnologia e Servicos de Marketing S.A. (“M-Trix”), a data intelligence and market analytics company based in Brazil. The transaction closed on August 1, 2025 for total cash consideration of approximately BRL340.0 million (equivalent to approximately $61.4 million USD), subject to customary purchase price adjustments, of which only BRL150.0 million (equivalent to approximately $27.1 million USD) was paid upon the closing.
The remaining BRL190.0 million will be paid as follows: (i) BRL60.0 million upon the first anniversary of the closing, (ii) BRL BRL60.0 million upon the second anniversary of the closing, (iii) BRL50.0 million upon the third anniversary of the closing and (iv) BRL20.0 million following the sixth anniversary of the closing, subject to any ongoing claims for which M-Trix is held indemnifiable (the “Holdback Amount”). Only the Holdback Amount will be subject to adjustment by the Interbank Deposit Certificate of Brazil (“CDI”).
In connection with the acquisition of M-Trix, the Company entered into a credit agreement with Banco J.P. Morgan S.A. on July 28, 2025, whereby the Company received BRL150.0 million (equivalent to approximately $27.1 million USD) to finance the transaction (the “BRL Loan”). The BRL Loan is subject to interest at the CDI rate plus a spread of 100 basis points. The Company intends to settle the BRL Loan in the third quarter of 2025.
The acquisition is expected to be accounted for as a business combination.
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
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
v3.25.2
ORGANIZATION AND BASIS OF PRESENTATION (Policies)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [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 accompanying financial statements present the historical financial information of Dutch Holdings. Subsequent to the Reorganization and IPO as described above, the historical financial statements of the AI PAVE Entities and the historical consolidated financial statements of Dutch Holdings will be combined with the historical financial statements of NIQ Global Intelligence plc and accounted for as a transaction between entities under common control, beginning with the financial statements as of and for the nine months ended September 30, 2025, which is the first reporting period following the Reorganization and IPO. See Note 17. "Subsequent Events" for further information.
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 and six months ended June 30, 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.
Recently Issued Accounting Pronouncements Not Yet Adopted
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. Early adoption is permitted. The Company is currently evaluating the impact of adoption of this ASU on its related disclosures and plans to adopt this ASU for the year ended December 31, 2025.
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 July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets for Private Companies and Certain Not-for-Profit Entities (PCC), which allows all entities to apply a practical expedient that simplifies the estimation of expected credit losses on current accounts receivable and current contract assets arising from transactions accounted for under ASC 606. This elective guidance is effective for annual reporting periods beginning after December 15, 2025. 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.
Revenue
At the inception of a contract, NIQ generally expects the period between when it transfers its data and services to its customers and when the customer 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 customer 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 June 30, 2025 and December 31, 2024, $214.4 million and $122.8 million, respectively, of contract assets were recorded as a component of trade receivables, net in the condensed consolidated balance sheets.
Deferred revenues relate to advance consideration received or the right to consideration that is unconditional from customers for which revenue is recognized when the performance obligation is satisfied and control is transferred to the customer. At December 31, 2024, $273.4 million of deferred revenues were recorded in the condensed consolidated balance sheets, of which substantially all was recognized as revenue during the three and six months ended June 30, 2025. At June 30, 2025, the balance of deferred revenues was $330.2 million.
Remaining performance obligations include both amounts recorded as deferred revenue on the balance sheet as of June 30, 2025 as well as amounts not yet invoiced to customers as of June 30, 2025, 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 of convenience clause.
Credit Losses NIQ estimates credit losses over the life of its trade accounts receivable using a combination of historical loss data, current credit conditions, specific customer circumstances and reasonable and supportable forecasts of future economic conditions.
Deferred Costs The Company capitalizes certain legal, professional accounting and other third-party fees that are directly associated with in-process equity financings as deferred offering costs until such financings are consummated. After consummation of the equity financing, these costs are recorded as a reduction of the proceeds from the offering.
Fair Value of Financial Instruments
The Company’s financial instruments primarily consist of cash and cash equivalents, trade receivable, 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 and derivative 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 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 securities without a readily determinable fair value are recorded at cost less any impairment. At June 30, 2025 and December 31, 2024, the Company held $45.2 million and $44.8 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 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 2026 and February 2028, respectively, 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 2026 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. For the three and six months ended June 30, 2024, the Company recognized a gain of $7.4 million and $16.2 million, respectively, in foreign currency exchange gain (loss), net on the Company’s foreign exchange contracts. In December 2024, the Company settled its outstanding foreign exchange contracts prior to the expiration of their contractual maturities. In April 2025, the Company entered into new foreign exchange forward contracts designated as cash flow hedges for accounting purposes, with the exception of its euro currency hedges, which were not fully designated as hedges for accounting purposes as of June 30, 2025. For the euro currency hedges, the Company recognized a loss of $4.7 million million in foreign currency exchange gain (loss), net for the three and six months ended June 30, 2025, respectively. The foreign exchange forward contracts have expiration dates through June 2026.
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 $0.5 million and $8.5 million into earnings for the three months ended June 30, 2025 and 2024, respectively, and gains of $9.7 million and $17.0 million for the six months ended June 30, 2025 and 2024, respectively.
Earnings Per Share Basic loss per share is computed by dividing loss from continuing operations attributable to NIQ by the weighted-average number of common shares outstanding during the periods. Diluted loss per share is computed by giving effect to all potential weighted-average dilutive common stock.
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 and Africa 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.
The Company’s chief operating decision maker (“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. 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 condensed consolidated financial statements.
v3.25.2
DISCONTINUED OPERATIONS AND DISPOSALS (Tables)
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Assets and Liabilities Classified as Held for Sale
The assets and liabilities classified as held for sale were recorded at cost, as follows:
(in millions)
December 31, 2024
Cash and cash equivalents
$1.9 
Trade receivables, net
7.9 
Other current assets
1.9 
Intangible assets, net
22.2 
Goodwill
21.1 
Other noncurrent assets
7.8 
Current assets held for sale
$62.8 
Accounts payable
$2.8 
Accrued expenses
8.2 
Other current liabilities1.2 
Other noncurrent liabilities
5.1 
Current liabilities held for sale
$17.3 
v3.25.2
REVENUE (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The following table disaggregates revenue by reportable segment:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Americas
$400.0 $389.4 $778.3 $753.7 
EMEA466.2 425.8 885.1 855.9 
APAC174.6 170.6 343.3 338.1 
Total revenues$1,040.8 $985.8 $2,006.7 $1,947.7 
The following table disaggregates revenue by major product offerings and by timing of revenue recognition:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Major product offerings
Intelligence$841.6 $787.1 $1,639.0 $1,580.4 
Activation199.2 198.7 367.7 367.3 
Total revenues$1,040.8 $985.8 $2,006.7 $1,947.7 

Timing of revenue recognition
Data and services transferred over time
$855.4 $800.6 $1,662.7 $1,598.4 
Data and services transferred at a point in time
185.4 185.2 344.0 349.3 
Total revenues$1,040.8 $985.8 $2,006.7 $1,947.7 
v3.25.2
GOODWILL (Tables)
 6 Months Ended
Jun. 30, 2025
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, 2024
$599.0 $1,096.9 $513.6 $2,209.5 
Foreign currency exchange rate changes
9.5 164.2 17.5 191.2 
Balance at June 30, 2025
$608.5 $1,261.1 $531.1 $2,400.7 
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2025
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)June 30, 2025December 31, 2024
Prepaid expenses$202.9 $107.7 
Derivative assets (Note 8)
1.1 11.1 
Other30.3 17.5 
$234.3 $136.3 
Schedule of Other Noncurrent Assets
Other noncurrent assets consisted of the following:
(in millions)June 30, 2025December 31, 2024
Equity method investments$67.3 $58.1 
Defined benefit plan assets49.1 44.1 
Cost method investments45.2 44.8 
Prepaid expenses11.1 12.6 
Debt issuance costs7.9 6.3 
Other107.1 105.8 
$287.7 $271.7 
Schedule of Accrued Expenses
Accrued expenses consisted of the following:
(in millions)June 30, 2025December 31, 2024
Data and professional services$219.2 $161.9 
Payroll and benefit costs211.4 288.7 
Accrued income taxes46.9 37.2 
Restructuring liabilities (Note 11)
52.0 74.4 
Other41.9 43.1 
$571.4 $605.3 
Schedule of Other Current Liabilities
Other current liabilities consisted of the following:
(in millions)June 30, 2025December 31, 2024
Derivative liabilities (Note 8)
$59.7 $6.6 
Operating lease liabilities58.1 52.9 
Other74.6 72.0 
$192.4 $131.5 
Schedule of Other Noncurrent Liabilities
Other noncurrent liabilities consisted of the following:
(in millions)June 30, 2025December 31, 2024
Defined benefit plan liabilities (Note 12)
$103.1 $93.9 
Derivative liabilities (Note 8)
36.2 14.1 
Restructuring liabilities (Note 11)
1.2 4.3 
Other143.4 139.5 
$283.9 $251.8 
v3.25.2
DEBT (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Outstanding Indebtedness
The following table sets forth the Company’s outstanding indebtedness following the 2025 Debt Refinancing:
(in millions)
June 30, 2025
USD Term Loan, less unamortized discount of $75.6
$2,188.7 
EUR Term Loan, less unamortized discount of $35.1
1,603.2 
2021 CAD Term Loan, less unamortized discount of $0.2
89.9 
Revolver562.5 
Other debt35.2 
Total debt4,479.5 
Finance leases37.6 
Other financing obligations57.7 
Total debt, finance leases and other financing obligations4,574.8 
Less: Unamortized debt issuance costs(47.8)
Less: Short-term debt and current portion of long-term debt(107.8)
Total long-term debt
$4,419.2 
The following table sets forth the Company’s outstanding indebtedness as of December 31, 2024:
(in millions)
December 31, 2024
2023 USD Term Loan, less unamortized discount of $66.3
$921.4 
2023 EUR Term Loan, less unamortized discount of $36.7
607.3 
2023 Liquidity Term Loan, less unamortized discount of $27.3
441.8 
2021 USD Term Loan, less unamortized discount of $2.1
804.4 
2021 EUR Term Loan, less unamortized discount of $1.3
792.4 
2021 CAD Term Loan, less unamortized discount of $0.2
85.5 
Revolver364.0 
Other debt31.7 
Total debt4,048.5 
Finance leases38.7 
Other financing obligations47.4 
Total debt, finance leases and other financing obligations4,134.6 
Less: Unamortized debt issuance costs(53.8)
Less: Short-term debt and current portion of long-term debt(121.0)
Total long-term debt
$3,959.8 
Schedule of Aggregate Principal Repayment Requirements
The following table sets forth the aggregate principal repayment requirements for total debt:
(in millions)
2025$21.4 
202649.3 
202723.6 
20284,496.1 
2029— 
Thereafter— 
Total payments on debt
4,590.4 
Unamortized debt discounts
(110.9)
Total debt
$4,479.5 
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
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:
June 30, 2025December 31, 2024
(in millions)
Carrying Value
Fair Value
Carrying Value
Fair Value
Term Loans(1)(2)
$3,992.7 $4,010.2 $3,786.7 $3,798.6 
(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 condensed consolidated financial statements:
June 30, 2025December 31, 2024
(in millions)
Derivative AssetsDerivative LiabilitiesDerivative AssetsDerivative Liabilities
Derivatives designated as cash flow hedges
Interest rate contracts
$— $7.5 $0.3 $9.3 
Cross-currency swaps1.2 80.7 7.1 5.5 
Foreign exchange forward contracts
— 0.7 — — 
$1.2 $88.9 $7.4 $14.8 
Derivatives designated as net investment hedges
Cross-currency swaps$— $2.7 $3.8 $5.9 
Derivatives not designated as hedging instruments
Foreign exchange forward contracts
— 4.3 — — 
Total derivatives$1.2 $95.9 $11.2 $20.7 
As reported in the Condensed Consolidated Balance Sheets
Prepaid expenses and other current assets$1.1 $— $11.1 $— 
Other noncurrent assets0.1 — 0.1 — 
Other current liabilities— 59.7 — 6.6 
Other noncurrent liabilities— 36.2 — 14.1 
$1.2 $95.9 $11.2 $20.7 
Schedule of Gains (Losses) on Derivatives
The following tables present the gains (losses) on the Company’s interest rate contracts and cross-currency swaps:
(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 June 30, 2025:
Designated as cash flow hedges:
Interest rate contracts
$(7.5)$— $(1.0)$(6.5)
Cross-currency swaps
(4.5)(43.7)(37.5)(10.7)
Foreign exchange forward contracts
— (0.7)— (0.7)
Designated as net investment hedges:
Cross-currency swaps
$4.1 $(6.6)$— $(2.5)
Three Months Ended June 30, 2024:
Designated as cash flow hedges:
Interest rate contracts
$31.7 $5.1 $10.5 $26.3 
Cross-currency swaps
1.1 7.0 8.4 (0.3)
Designated as net investment hedges:
Cross-currency swaps$7.4 $(3.3)$— $4.1 
(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)
Six Months Ended June 30, 2025:
Designated as cash flow hedges:
Interest rate contracts
$0.8 $0.2 $7.5 $(6.5)
Cross-currency swaps
(3.9)(74.8)(68.0)(10.7)
Foreign exchange forward contract
— (0.7)— (0.7)
Designated as net investment hedges:
Cross-currency swaps
$(1.9)$(0.6)$— $(2.5)
Six Months Ended June 30, 2024:
Designated as cash flow hedges:
Interest rate contracts
$26.7 $20.7 $21.1 $26.3 
Cross-currency swaps
(2.3)16.6 14.6 (0.3)
Designated as net investment hedges:
Cross-currency swaps$— $4.1 $— $4.1 
v3.25.2
EARNINGS PER SHARE (Tables)
 6 Months Ended
Jun. 30, 2025
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 June 30,Six Months Ended June 30,
(in millions, except share data)
2025202420252024
Loss from continuing operations
$(12.2)$(188.2)$(84.0)$(370.4)
Less: Net income attributable to noncontrolling interests
1.9 0.7 3.8 1.9 
Loss from continuing operations attributable to NIQ
(14.1)(188.9)(87.8)(372.3)
(Loss) income from discontinued operations— (0.3)— 9.2 
Net loss attributable to NIQ$(14.1)$(189.2)$(87.8)$(363.1)
Weighted average basic and diluted NIQ common stock outstanding100 100 100 100 
Basic and diluted loss per share from:
Loss from continuing operations attributable to NIQ
$(0.14)$(1.89)$(0.88)$(3.72)
Income from discontinued operations
— — — 0.09 
Net loss attributable to NIQ
$(0.14)$(1.89)$(0.88)$(3.63)
v3.25.2
RESTRUCTURING ACTIVITIES (Tables)
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Summary of Restructuring Activities
The following table summarizes activity related to liabilities associated with restructuring activities:
(in millions)
Cost Efficiency Program(1)
GfK Integration(2)
Total
Balance as of December 31, 2024
$14.1 $64.6 $78.7 
Charges
1.1 3.5 4.6 
Other adjustments
0.8 — 0.8 
Payments
(9.2)(9.5)(18.7)
Balance as of March 31, 2025$6.8 $58.6 $65.4 
Charges
2.7 (2.3)0.4 
Other adjustments
4.1 — 4.1 
Payments
(5.6)(11.1)(16.7)
Balance as of June 30, 2025
$8.0 $45.2 $53.2 
(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.
v3.25.2
PENSION AND OTHER POST-RETIREMENT BENEFITS (Tables)
 6 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Net Periodic Pension Cost
The following table presents the components of net periodic pension cost:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Service cost
$3.2 $2.5 $5.2 $5.1 
Interest cost
7.0 4.6 12.2 9.3 
Expected return on plan assets
(8.1)(5.0)(14.1)(10.1)
Amortization of net gain
(0.2)(0.1)(0.3)(0.2)
Net periodic pension cost
$1.9 $2.0 $3.0 $4.1 
v3.25.2
REPORTABLE SEGMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
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 June 30,
20252024
(in millions)
AmericasEMEAAPACAmericasEMEAAPAC
Revenues
$400.0 $466.2 $174.6 $389.4 $425.8 $170.6 
Less:
Data acquisition costs
86.0 77.9 30.6 86.9 78.3 27.8 
Other segment costs(1)
198.5 254.7 112.2 190.1 241.8 107.9 
Segment Adjusted EBITDA$115.5 $133.6 $31.8 $112.4 $105.7 $34.9 
Six Months Ended June 30,
20252024
(in millions)
AmericasEMEAAPACAmericasEMEAAPAC
Revenues
$778.3 $885.1 $343.3 $753.7 $855.9 $338.1 
Less:
Data acquisition costs
172.2 150.7 59.3 176.6 156.5 57.1 
Other segment costs(1)
379.8 480.8 215.1 382.6 484.3 206.1 
Segment Adjusted EBITDA$226.3 $253.6 $68.9 $194.5 $215.1 $74.9 
(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 income (loss) from continuing operations before income taxes, for the periods presented:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Adjusted EBITDA by segment
Americas$115.5 $112.4 $226.3 $194.5 
EMEA133.6 105.7 253.6 215.1 
APAC31.8 34.9 68.9 74.9 
Total segment Adjusted EBITDA280.9 253.0 548.8 484.5 
Adjustments to reconcile to income (loss) from continuing operations before income taxes:
Corporate expenses not allocated to segments(66.0)(67.3)(145.2)(145.2)
Depreciation and amortization(153.8)(142.7)(302.3)(293.2)
Interest expense, net(95.2)(107.0)(178.7)(213.9)
Transformation program costs(1)
(12.5)(15.7)(18.1)(27.6)
GfK integration costs(2)
(1.9)(19.8)(16.6)(36.0)
Acquisitions and transaction related costs(3)
(2.9)(3.1)(8.3)(5.7)
Foreign currency exchange gain (loss), net57.4 (1.0)89.4 (14.1)
Nonoperating items, net(4)
6.4 (27.7)(10.2)(31.0)
Share-based compensation expense(1.5)(0.7)(2.8)(1.9)
Impairment of long-lived assets(0.4)(27.3)(1.1)(27.3)
Net income attributable to noncontrolling interests1.9 0.7 3.8 1.9 
Other operating items, net(5)
(0.8)0.1 4.4 (0.2)
Income (loss) from continuing operations before income taxes$11.6 $(158.5)$(36.9)$(309.7)
(1) Transformation program costs include employee separation costs as further discussed in Note 11. "Restructuring Activities", as well as additional costs associated with accelerated technology investment and consultancy and advisory fees incurred to evaluate and improve organizational efficiencies and operations.
(2) GfK integration costs include employee separation costs as further discussed in Note 11. "Restructuring Activities", as well as additional costs for consulting fees and integration associated with the GfK Combination.
(3) 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.
(4) 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 and (vi) other nonoperating expenses. See Note 14. "Nonoperating income (expense), net for further information on these adjustments.
(5) 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:
June 30, 2025December 31, 2024
Germany
28 %26 %
United States
20 %23 %
United Kingdom10 %9 %
v3.25.2
NONOPERATING INCOME (EXPENSE), NET (Tables)
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Nonoperating (Expense) Income, Net
The following table sets forth the components of nonoperating income (expense), net:
Three Months Ended June 30,Six Months Ended June 30,
(in millions)
2025202420252024
Deconsolidation of subsidiaries$5.2 $(22.9)$5.2 $(22.9)
Write-off of unamortized debt discount and debt issuance costs (Note 7)
— — (10.3)— 
Factoring fees(2.9)(4.1)(5.7)(7.9)
Net periodic pension benefit, other than service cost
1.3 0.5 2.2 1.0 
Earnings from equity method investments1.1 1.7 2.2 3.1 
Income from transition services agreement
2.4 2.8 5.2 5.6 
Settlement of tax indemnification
(0.3)— (4.4)— 
Other
3.1 (1.2)2.8 (1.2)
Nonoperating income (expense), net$9.9 $(23.2)$(2.8)$(22.3)
v3.25.2
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Tables)
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive (Loss) Income
The following table sets forth the changes in each component of accumulated other comprehensive (loss) income, net of tax:
(in millions)Foreign Currency Translation
Defined Benefit Plans
Cash Flow Hedges
Accumulated Other Comprehensive (Loss) Income
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)
Foreign currency adjustments:
Foreign currency translation adjustments29.7 — — 29.7 
Net investment hedges(6.6)— — (6.6)
Defined benefit plan adjustments, net of tax of $0.2
— (0.5)— (0.5)
Cash flow hedges, net of tax of $—
— — (5.9)(5.9)
Balance as of June 30, 2025
$4.8 $(19.1)$(17.9)$(32.2)
Balance as of December 31, 2023
$81.2 $(24.9)$24.4 $80.7 
Foreign currency adjustments:
Foreign currency translation adjustments(83.5)— — (83.5)
Net investment hedges7.4 7.4 
Defined benefit plan adjustments, net of tax of $—
— 0.5 — 0.5 
Cash flow hedges, net of tax of $—
— — 8.4 8.4 
Balance as of March 31, 2024$5.1 $(24.4)$32.8 $13.5 
Foreign currency adjustments:
Foreign currency translation adjustments(8.8)— — (8.8)
Net investment hedges(3.3)— — (3.3)
Cash flow hedges, net of tax of $—
— — (6.8)(6.8)
Balance as of June 30, 2024
$(7.0)$(24.4)$26.0 $(5.4)
v3.25.2
ORGANIZATION AND BASIS OF PRESENTATION (Details) - Subsequent Event
$ / shares in Units, $ in Millions
Jul. 24, 2025
USD ($)
$ / shares
shares
Subsidiary or Equity Method Investee [Line Items]  
Number of shares issued (in shares) | shares 50,000,000
Price per share for sale of stock (in dollars per share) | $ / shares $ 21.00
Proceeds received from sale of stock | $ $ 985.1
v3.25.2
ACQUISITION (Details) - Analytical Flavor Systems, Inc.
$ in Millions
Apr. 21, 2025
USD ($)
Asset Acquisition [Line Items]  
Consideration transferred from asset acquisition $ 12.5
Developed Technology  
Asset Acquisition [Line Items]  
Estimated useful life of assets acquired 3 years
v3.25.2
DISCONTINUED OPERATIONS AND DISPOSALS - Narrative (Details)
€ in Millions, $ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jan. 09, 2024
USD ($)
Jan. 09, 2024
EUR (€)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Mar. 31, 2025
EUR (€)
Sep. 30, 2024
USD ($)
Sep. 30, 2024
EUR (€)
Jun. 30, 2024
USD ($)
Jun. 30, 2024
EUR (€)
Mar. 31, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Dec. 31, 2024
USD ($)
May 31, 2025
USD ($)
May 31, 2025
EUR (€)
Feb. 03, 2025
USD ($)
Feb. 03, 2025
EUR (€)
Jan. 09, 2024
EUR (€)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                    
Proceeds from sale of businesses, net of cash disposed                     $ 67.7 $ 312.6            
Gain (loss) on disposal                     4.9 9.1            
Deconsolidation of subsidiaries     $ 5.2         $ (22.9)     5.2 (22.9)            
GfK's Consumer Panel | Discontinued Operations, Disposed of by Sale                                    
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]                                    
Consideration received from sale of business $ 350.0                                 € 316.6
Proceeds from sale of businesses, net of cash disposed $ 301.7 € 278.4   $ 10.9 € 10.5 $ 3.3 € 3.0 $ 10.9 € 10.0                  
Gain (loss) on disposal                   $ (0.3)   $ 9.1 $ 12.4          
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                           $ 5.9 € 5.0 $ 60.3 € 58.1  
Gain (loss) on disposal     $ (0.7)               $ 4.9              
v3.25.2
DISCONTINUED OPERATIONS AND DISPOSALS - Schedule of Assets and Liabilities Classified as Held for Sale (Details) - Disposal Group, Held-for-Sale, Not Discontinued Operations - Netquest
$ in Millions
Dec. 31, 2024
USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]  
Cash and cash equivalents $ 1.9
Trade receivables, net 7.9
Other current assets 1.9
Intangible assets, net 22.2
Goodwill 21.1
Other noncurrent assets 7.8
Current assets held for sale 62.8
Accounts payable 2.8
Accrued expenses 8.2
Other current liabilities 1.2
Other noncurrent liabilities 5.1
Current liabilities held for sale $ 17.3
v3.25.2
REVENUE - Disaggregation of Revenue by Reportable Segment (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Total revenues $ 1,040.8 $ 985.8 $ 2,006.7 $ 1,947.7
Americas        
Disaggregation of Revenue [Line Items]        
Total revenues 400.0 389.4 778.3 753.7
EMEA        
Disaggregation of Revenue [Line Items]        
Total revenues 466.2 425.8 885.1 855.9
APAC        
Disaggregation of Revenue [Line Items]        
Total revenues $ 174.6 $ 170.6 $ 343.3 $ 338.1
v3.25.2
REVENUE - Disaggregation of Revenue by Product Offerings and Timing (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Total revenues $ 1,040.8 $ 985.8 $ 2,006.7 $ 1,947.7
Data and services transferred over time        
Disaggregation of Revenue [Line Items]        
Total revenues 855.4 800.6 1,662.7 1,598.4
Data and services transferred at a point in time        
Disaggregation of Revenue [Line Items]        
Total revenues 185.4 185.2 344.0 349.3
Intelligence        
Disaggregation of Revenue [Line Items]        
Total revenues 841.6 787.1 1,639.0 1,580.4
Activation        
Disaggregation of Revenue [Line Items]        
Total revenues $ 199.2 $ 198.7 $ 367.7 $ 367.3
v3.25.2
REVENUE - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Disaggregation of Revenue [Line Items]          
Contract assets $ 214.4   $ 214.4   $ 122.8
Deferred revenues 330.2   330.2   $ 273.4
Remaining performance obligations $ 1,700.0   $ 1,700.0    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01          
Disaggregation of Revenue [Line Items]          
Remaining performance obligation (as a percent) 32.00%   32.00%    
Remaining performance obligation, period of recognition 1 year   1 year    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01          
Disaggregation of Revenue [Line Items]          
Remaining performance obligation (as a percent) 39.00%   39.00%    
Remaining performance obligation, period of recognition 1 year   1 year    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-07-01          
Disaggregation of Revenue [Line Items]          
Remaining performance obligation, period of recognition      
United States | Revenue Benchmark | Geographic Concentration Risk          
Disaggregation of Revenue [Line Items]          
Concentration risk percentage 24.00% 25.00% 24.00% 24.00%  
Netherlands | Revenue Benchmark | Geographic Concentration Risk          
Disaggregation of Revenue [Line Items]          
Concentration risk percentage 2.00% 1.00% 2.00% 1.00%  
v3.25.2
GOODWILL (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Goodwill [Roll Forward]  
Balance at December 31, 2024 $ 2,209.5
Foreign currency exchange rate changes 191.2
Balance at June 30, 2025 2,400.7
Americas  
Goodwill [Roll Forward]  
Balance at December 31, 2024 599.0
Foreign currency exchange rate changes 9.5
Balance at June 30, 2025 608.5
EMEA  
Goodwill [Roll Forward]  
Balance at December 31, 2024 1,096.9
Foreign currency exchange rate changes 164.2
Balance at June 30, 2025 1,261.1
APAC  
Goodwill [Roll Forward]  
Balance at December 31, 2024 513.6
Foreign currency exchange rate changes 17.5
Balance at June 30, 2025 $ 531.1
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]          
Allowance for expected credit losses $ 12.0   $ 12.0   $ 12.1
Credit loss expense recorded during the period 1.1 $ 1.0 2.3 $ 1.9  
Deferred offering costs $ 15.9   $ 15.9    
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION - Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Prepaid expenses $ 202.9 $ 107.7
Derivative assets (Note 8) 1.1 11.1
Other 30.3 17.5
Prepaid expenses and other current assets $ 234.3 $ 136.3
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Noncurrent Assets (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Equity method investments $ 67.3 $ 58.1
Defined benefit plan assets 49.1 44.1
Cost method investments 45.2 44.8
Prepaid expenses 11.1 12.6
Debt issuance costs 7.9 6.3
Other 107.1 105.8
Other noncurrent assets $ 287.7 $ 271.7
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION - Accrued Expenses (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Data and professional services $ 219.2 $ 161.9
Payroll and benefit costs 211.4 288.7
Accrued income taxes 46.9 37.2
Restructuring liabilities (Note 11) 52.0 74.4
Other 41.9 43.1
Accrued expenses $ 571.4 $ 605.3
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Current Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Derivative liabilities (Note 8) $ 59.7 $ 6.6
Operating lease liabilities 58.1 52.9
Other 74.6 72.0
Other current liabilities $ 192.4 $ 131.5
v3.25.2
SUPPLEMENTAL BALANCE SHEET INFORMATION - Other Noncurrent Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]    
Defined benefit plan liabilities (Note 12) $ 103.1 $ 93.9
Derivative liabilities (Note 8) 36.2 14.1
Restructuring liabilities (Note 11) 1.2 4.3
Other 143.4 139.5
Other noncurrent liabilities $ 283.9 $ 251.8
v3.25.2
DEBT - Narrative (Details)
€ in Millions, $ in Millions, $ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended 9 Months Ended
Aug. 12, 2025
Jul. 11, 2025
USD ($)
Jan. 24, 2025
USD ($)
Jul. 11, 2024
Jul. 10, 2023
USD ($)
Feb. 28, 2023
USD ($)
Nov. 30, 2021
USD ($)
Mar. 05, 2021
USD ($)
Aug. 14, 2025
USD ($)
Jun. 30, 2025
USD ($)
Mar. 31, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Nov. 29, 2021
Jun. 30, 2025
EUR (€)
Jan. 25, 2025
USD ($)
Jan. 25, 2025
EUR (€)
Jan. 24, 2025
EUR (€)
Dec. 31, 2024
USD ($)
Jul. 18, 2024
USD ($)
Jul. 18, 2024
EUR (€)
Jul. 10, 2023
EUR (€)
Nov. 30, 2021
EUR (€)
Mar. 05, 2021
EUR (€)
Mar. 05, 2021
CAD ($)
Debt Instrument [Line Items]                                                    
Writeoff of unamortized debt discount and debt issuance costs                   $ 0.0   $ 0.0 $ 10.3 $ 0.0                        
Unamortized debt discounts                   110.9     110.9                          
Repayment of debt                         600.6 816.8                        
Debt issuance costs                   0.0 $ 2.5 1.6 2.5 1.6                        
Unamortized debt issuance costs                   47.8     47.8             $ 53.8            
Debt issuance costs on line of credit                   7.9     7.9             9.1            
Available capacity under factoring program                   318.2     318.2     € 270.0                    
Accounts receivable under factoring program still outstanding                   165.9     165.9             146.6            
Administrative and financing costs                   $ 2.9   $ 4.1 5.7 7.9                        
Proceeds from the sale of accounts receivable                         717.7 $ 690.9                        
Credit Agreement                                                    
Debt Instrument [Line Items]                                                    
Writeoff of unamortized debt discount and debt issuance costs                         $ 10.3                          
Legal fees     $ 0.3                                              
Debt interest rate     0.25%                               0.25%              
Credit Agreement | Subsequent Event                                                    
Debt Instrument [Line Items]                                                    
Writeoff of unamortized debt discount and debt issuance costs                 $ 1.4                                  
Credit Agreement | USD Term Loan                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)     3.50%                                              
Debt face amount     $ 2,263.4                           $ 2,270.0                  
Debt effective interest rate                   7.80%     7.80%     7.80%                    
Unamortized debt discounts                   $ 75.6     $ 75.6                          
Credit Agreement | USD Term Loan | Minimum | Subsequent Event                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent) 2.25%                                                  
Credit Agreement | USD Term Loan | Maximum | Subsequent Event                                                    
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)     3.50%                                              
Debt face amount     $ 1,459.3                           $ 1,460.9 € 1,390.0 € 1,388.5              
Debt effective interest rate                   5.60%     5.60%     5.60%                    
Unamortized debt discounts                   $ 35.1     $ 35.1                          
Credit Agreement | EUR Term Loan | Minimum | Subsequent Event                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent) 2.75%                                                  
Credit Agreement | EUR Term Loan | Maximum | Subsequent Event                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent) 3.00%                                                  
Credit Agreement | Revolver                                                    
Debt Instrument [Line Items]                                                    
Line of credit, maximum borrowing capacity               $ 350.0   638.3     638.3             638.3            
Line of credit, remaining borrowing capacity                   $ 75.8     $ 75.8             $ 274.3            
Weighted average interest rate on debt (as a percent)                   7.80%     7.80%     7.80%       8.10%            
Credit Agreement | Revolver | Subsequent Event                                                    
Debt Instrument [Line Items]                                                    
Line of credit, maximum borrowing capacity   $ 750.0                                                
Credit Agreement | Revolver | Minimum                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)             3.25%                                      
Line of credit, commitment fee (as a percent)                         0.25%                          
Credit Agreement | Revolver | Minimum | Subsequent Event                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent) 1.75% 2.25%                                                
Line of credit, commitment fee (as a percent)   0.25%                                                
Credit Agreement | Revolver | Maximum                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)             3.75%                                      
Line of credit, commitment fee (as a percent)                         0.50%                          
Credit Agreement | Revolver | Maximum | Subsequent Event                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent) 2.25% 2.75%                                                
Line of credit, commitment fee (as a percent)   0.375%                                                
Credit Agreement | 2023 USD Term Loan                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)       4.75% 6.25%                                          
Debt face amount         $ 980.0                               $ 20.0          
Debt effective interest rate                                       9.30%            
Debt issuance, percent of principal         0.890                                          
Unamortized debt discounts         $ 107.8                             $ 66.3            
Credit Agreement | 2023 EUR Term Loan                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)       4.75% 6.50%                                          
Debt face amount         $ 550.0                               $ 135.0 € 123.5 € 500.0      
Debt effective interest rate                                       7.80%            
Debt issuance, percent of principal         0.890                                          
Unamortized debt discounts         $ 60.5                             $ 36.7     € 55.0      
Credit Agreement | 2023 Liquidity Term Loan                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)       4.75%   6.25%                                        
Debt face amount           $ 475.0                                        
Debt effective interest rate                                       9.30%            
Debt issuance, percent of principal           0.890                                        
Unamortized debt discounts           $ 52.3                           $ 27.3            
Credit Agreement | 2021 USD Term Loan                                                    
Debt Instrument [Line Items]                                                    
Debt face amount               $ 950.0                                    
Debt effective interest rate                                       8.40%            
Debt issuance, percent of principal               0.995                                    
Unamortized debt discounts               $ 4.8                       $ 2.1            
Repayment of debt             $ 111.6                                      
Credit Agreement | 2021 USD Term Loan | Minimum                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)             3.50%               3.75%                      
Credit Agreement | 2021 USD Term Loan | Maximum                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)             3.75%               4.00%                      
Credit Agreement | 2021 EUR Term Loan                                                    
Debt Instrument [Line Items]                                                    
Debt face amount             $ 283.5 $ 650.0                               € 250.0 € 545.0  
Debt effective interest rate                                       6.80%            
Debt issuance, percent of principal               0.995                                    
Unamortized debt discounts               $ 3.3                       $ 1.3         € 2.7  
Credit Agreement | 2021 EUR Term Loan | Minimum                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)             3.25%               3.50%                      
Credit Agreement | 2021 EUR Term Loan | Maximum                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)             3.75%               4.00%                      
Credit Agreement | 2021 CAD Term Loan                                                    
Debt Instrument [Line Items]                                                    
Debt face amount               $ 100.0                                   $ 128.0
Debt effective interest rate                   7.00%     7.00%     7.00%       7.90%            
Debt issuance, percent of principal               0.995                                    
Unamortized debt discounts               $ 0.5   $ 0.2     $ 0.2             $ 0.2           $ 0.6
Credit Agreement | 2021 CAD Term Loan | Minimum                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)             4.00%               4.50%                      
Credit Agreement | 2021 CAD Term Loan | Maximum                                                    
Debt Instrument [Line Items]                                                    
Debt, spread on variable rate (as a percent)             4.25%               4.75%                      
v3.25.2
DEBT - Schedule of Outstanding Debt (Details)
€ in Millions, $ in Millions, $ in Millions
Jun. 30, 2025
USD ($)
Dec. 31, 2024
USD ($)
Jul. 10, 2023
USD ($)
Jul. 10, 2023
EUR (€)
Feb. 28, 2023
USD ($)
Mar. 05, 2021
USD ($)
Mar. 05, 2021
EUR (€)
Mar. 05, 2021
CAD ($)
Debt Instrument [Line Items]                
Total debt $ 4,479.5 $ 4,048.5            
Finance leases 37.6 38.7            
Other financing obligations 57.7 47.4            
Total debt, finance leases and other financing obligations 4,574.8 4,134.6            
Less: Unamortized debt issuance costs (47.8) (53.8)            
Less: Short-term debt and current portion of long-term debt (107.8) (121.0)            
Long-term debt 4,419.2 3,959.8            
Unamortized debt discounts 110.9              
Credit Agreement | USD Term Loan                
Debt Instrument [Line Items]                
Total debt 2,188.7              
Unamortized debt discounts 75.6              
Credit Agreement | EUR Term Loan                
Debt Instrument [Line Items]                
Total debt 1,603.2              
Unamortized debt discounts 35.1              
Credit Agreement | 2021 CAD Term Loan                
Debt Instrument [Line Items]                
Total debt 89.9 85.5            
Unamortized debt discounts 0.2 0.2       $ 0.5   $ 0.6
Credit Agreement | Revolver                
Debt Instrument [Line Items]                
Total debt 562.5 364.0            
Credit Agreement | 2023 USD Term Loan                
Debt Instrument [Line Items]                
Total debt   921.4            
Unamortized debt discounts   66.3 $ 107.8          
Credit Agreement | 2023 EUR Term Loan                
Debt Instrument [Line Items]                
Total debt   607.3            
Unamortized debt discounts   36.7 $ 60.5 € 55.0        
Credit Agreement | 2023 Liquidity Term Loan                
Debt Instrument [Line Items]                
Total debt   441.8            
Unamortized debt discounts   27.3     $ 52.3      
Credit Agreement | 2021 USD Term Loan                
Debt Instrument [Line Items]                
Total debt   804.4            
Unamortized debt discounts   2.1       4.8    
Credit Agreement | 2021 EUR Term Loan                
Debt Instrument [Line Items]                
Total debt   792.4            
Unamortized debt discounts   1.3       $ 3.3 € 2.7  
Other debt                
Debt Instrument [Line Items]                
Total debt $ 35.2 $ 31.7            
v3.25.2
DEBT - Maturity Profile (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Debt Disclosure [Abstract]    
2025 $ 21.4  
2026 49.3  
2027 23.6  
2028 4,496.1  
2029 0.0  
Long-Term and Short-Term Debt, Maturity, After Year Four 0.0  
Total payments on debt 4,590.4  
Unamortized debt discounts (110.9)  
Total debt $ 4,479.5 $ 4,048.5
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Fair Value Disclosures [Abstract]          
Equity method investments $ 67.3   $ 67.3   $ 58.1
Trade receivables 4.4   4.4   11.8
Trade payables 4.9   4.9   4.5
Equity securities without a readily determinable fair value 45.2   45.2   $ 44.8
Gain (loss) on foreign exchange contracts (4.7) $ 7.4 (4.7) $ 16.2  
Reclassified gains from interest rate derivatives $ 0.5 $ 8.5 $ 9.7 $ 17.0  
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Carrying Value and Fair Value of Debt (Details) - Term Loans - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Fair Value Disclosure, Asset and Liability, Not Measured at Fair Value [Line Items]    
Carrying Value $ 3,992.7 $ 3,786.7
Fair Value $ 4,010.2 $ 3,798.6
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Fair Value and Location of Derivative Instruments (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets $ 1.2 $ 11.2
Derivative Liabilities 95.9 20.7
Prepaid expenses and other current assets    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 1.1 11.1
Derivative Liabilities 0.0 0.0
Other noncurrent assets    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 0.1 0.1
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 59.7 6.6
Other noncurrent liabilities    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 0.0 0.0
Derivative Liabilities 36.2 14.1
Derivatives designated as cash flow hedges | Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 1.2 7.4
Derivative Liabilities 88.9 14.8
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 0.0 0.3
Derivative Liabilities 7.5 9.3
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 1.2 7.1
Derivative Liabilities 80.7 5.5
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 0.0 3.8
Derivative Liabilities 2.7 5.9
Foreign exchange forward contracts | Not Designated as Hedging Instrument    
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]    
Derivative Assets 0.0 0.0
Derivative Liabilities 4.3 0.0
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 0.0 0.0
Derivative Liabilities $ 0.7 $ 0.0
v3.25.2
FAIR VALUE OF FINANCIAL INSTRUMENTS - Gains (Losses) on Derivatives (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance $ 402.2 $ 1,082.9 $ 486.9 $ 1,331.6
Ending balance 407.8 875.9 407.8 875.9
Accumulated Other Comprehensive (Loss) Income        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (48.9) 13.5 (37.7) 80.7
Ending balance (32.2) (5.4) (32.2) (5.4)
Accumulated Other Comprehensive (Loss) Income | Derivatives designated as net investment hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance   7.4   0.0
Ending balance   4.1   4.1
Designated as Cash Flow Hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (12.0) 32.8 (3.1) 24.4
Ending balance (17.9) 26.0 (17.9) 26.0
Designated as Net Investment Hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (18.3) 5.1 (16.0) 81.2
Ending balance 4.8 (7.0) 4.8 (7.0)
Designated as Net Investment Hedges | Derivatives designated as net investment hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Amount of gains (losses) recognized, net of tax   (3.3)   4.1
Amount of gains (losses) reclassified into income, net of tax   0.0   0.0
Interest rate contracts | Accumulated Other Comprehensive (Loss) Income | Derivatives designated as cash flow hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (7.5) 31.7 0.8 26.7
Ending balance (6.5) 26.3 (6.5) 26.3
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]        
Amount of gains (losses) recognized, net of tax 0.0 5.1 0.2 20.7
Amount of gains (losses) reclassified into income, net of tax (1.0) 10.5 7.5 21.1
Cross-currency swaps | Accumulated Other Comprehensive (Loss) Income | Derivatives designated as cash flow hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance (4.5) 1.1 (3.9) (2.3)
Ending balance (10.7) (0.3) (10.7) (0.3)
Cross-currency swaps | Accumulated Other Comprehensive (Loss) Income | Derivatives designated as net investment hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance 4.1   (1.9)  
Ending balance (2.5)   (2.5)  
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]        
Amount of gains (losses) recognized, net of tax (43.7) 7.0 (74.8) 16.6
Amount of gains (losses) reclassified into income, net of tax (37.5) $ 8.4 (68.0) $ 14.6
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]        
Amount of gains (losses) recognized, net of tax (6.6)   (0.6)  
Amount of gains (losses) reclassified into income, net of tax 0.0   0.0  
Foreign exchange forward contracts | Accumulated Other Comprehensive (Loss) Income | Derivatives designated as cash flow hedges        
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]        
Beginning balance 0.0   0.0  
Ending balance (0.7)   (0.7)  
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]        
Amount of gains (losses) recognized, net of tax (0.7)   (0.7)  
Amount of gains (losses) reclassified into income, net of tax $ 0.0   $ 0.0  
v3.25.2
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Earnings Per Share [Abstract]        
Loss from continuing operations $ (12.2) $ (188.2) $ (84.0) $ (370.4)
Less: Net income attributable to noncontrolling interests 1.9 0.7 3.8 1.9
Loss from continuing operations attributable to NIQ (14.1) (188.9) (87.8) (372.3)
(Loss) income from discontinued operations 0.0 (0.3) 0.0 9.2
Net loss attributable to NIQ $ (14.1) $ (189.2) $ (87.8) $ (363.1)
Weighted average basic NIQ common stock outstanding (in shares) 100 100 100 100
Weighted average diluted NIQ common stock outstanding (in shares) 100 100 100 100
Basic and diluted loss per share from:        
Loss from continuing operations attributable to NIQ, basic (in dollars per share) $ (140) $ (1,890) $ (880) $ (3,720)
Loss from continuing operations attributable to NIQ, diluted (in dollars per share) (140) (1,890) (880) (3,720)
Income from discontinued operations attributable to NIQ, basic (in dollars per share) 0 0 0 90
Income from discontinued operations attributable to NIQ, diluted (in dollars per share) 0 0 0 90
Net loss attributable to NIQ, basic (in dollars per share) (140) (1,890) (880) (3,630)
Net loss attributable to NIQ, diluted (in dollars per share) $ (140) $ (1,890) $ (880) $ (3,630)
v3.25.2
INCOME TAXES (Details)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Effective tax rate 206.00% (19.00%) (128.00%) (20.00%)
v3.25.2
RESTRUCTURING ACTIVITIES (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Restructuring Reserve [Roll Forward]          
Restructuring, beginning balance $ 65.4 $ 78.7   $ 78.7  
Charges 0.4 4.6 $ 11.3 5.0 $ 20.4
Other adjustments 4.1 0.8      
Payments (16.7) (18.7)      
Restructuring, ending balance 53.2 65.4   53.2  
Cost Efficiency Program          
Restructuring Reserve [Roll Forward]          
Restructuring, beginning balance 6.8 14.1   14.1  
Charges 2.7 1.1      
Other adjustments 4.1 0.8      
Payments (5.6) (9.2)      
Restructuring, ending balance 8.0 6.8   8.0  
GfK Integration          
Restructuring Reserve [Roll Forward]          
Restructuring, beginning balance 58.6 64.6   64.6  
Charges (2.3) 3.5      
Other adjustments 0.0 0.0      
Payments (11.1) (9.5)      
Restructuring, ending balance $ 45.2 $ 58.6   $ 45.2  
v3.25.2
PENSION AND OTHER POST-RETIREMENT BENEFITS - Components of Net Periodic Pension Cost (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Retirement Benefits [Abstract]        
Service cost $ 3.2 $ 2.5 $ 5.2 $ 5.1
Interest cost 7.0 4.6 12.2 9.3
Expected return on plan assets (8.1) (5.0) (14.1) (10.1)
Amortization of net gain (0.2) (0.1) (0.3) (0.2)
Net periodic pension cost $ 1.9 $ 2.0 $ 3.0 $ 4.1
v3.25.2
PENSION AND OTHER POST-RETIREMENT BENEFITS - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Retirement Benefits [Abstract]        
Net periodic benefit, excluding service cost $ 1.3 $ 0.5 $ 2.2 $ 1.0
v3.25.2
REPORTABLE SEGMENTS - Narrative (Details)
 6 Months Ended
Jun. 30, 2025
segment
Segment Reporting [Abstract]  
Number of reportable segments 3
v3.25.2
REPORTABLE SEGMENTS - Schedule of Segment Revenues to Adjusted EBITDA (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Revenues $ 1,040.8 $ 985.8 $ 2,006.7 $ 1,947.7
Less:        
Segment Adjusted EBITDA 280.9 253.0 548.8 484.5
Americas        
Segment Reporting Information [Line Items]        
Revenues 400.0 389.4 778.3 753.7
Less:        
Data acquisition costs 86.0 86.9 172.2 176.6
Other segment costs 198.5 190.1 379.8 382.6
Segment Adjusted EBITDA 115.5 112.4 226.3 194.5
EMEA        
Segment Reporting Information [Line Items]        
Revenues 466.2 425.8 885.1 855.9
Less:        
Data acquisition costs 77.9 78.3 150.7 156.5
Other segment costs 254.7 241.8 480.8 484.3
Segment Adjusted EBITDA 133.6 105.7 253.6 215.1
APAC        
Segment Reporting Information [Line Items]        
Revenues 174.6 170.6 343.3 338.1
Less:        
Data acquisition costs 30.6 27.8 59.3 57.1
Other segment costs 112.2 107.9 215.1 206.1
Segment Adjusted EBITDA $ 31.8 $ 34.9 $ 68.9 $ 74.9
v3.25.2
REPORTABLE SEGMENTS - Schedule of Adjusted EBITDA by Segment to Income (Loss) From Continuing Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]        
Segment Adjusted EBITDA $ 280.9 $ 253.0 $ 548.8 $ 484.5
Adjustments to reconcile to income (loss) from continuing operations before income taxes:        
Corporate expenses not allocated to segments (66.0) (67.3) (145.2) (145.2)
Depreciation and amortization (153.8) (142.7) (302.3) (293.2)
Interest expense, net (95.2) (107.0) (178.7) (213.9)
Acquisitions and transaction related costs (2.9) (3.1) (8.3) (5.7)
Foreign currency exchange gain (loss), net 57.4 (1.0) 89.4 (14.1)
Nonoperating items, net 6.4 (27.7) (10.2) (31.0)
Share-based compensation expense (1.5) (0.7) (2.8) (1.9)
Impairment of long-lived assets (0.4) (27.3) (1.1) (27.3)
Net income attributable to noncontrolling interests 1.9 0.7 3.8 1.9
Other operating items, net (0.8) 0.1 4.4 (0.2)
Income (loss) from continuing operations before income taxes 11.6 (158.5) (36.9) (309.7)
Transformation Program        
Adjustments to reconcile to income (loss) from continuing operations before income taxes:        
Restructuring costs (12.5) (15.7) (18.1) (27.6)
GfK Integration        
Adjustments to reconcile to income (loss) from continuing operations before income taxes:        
Restructuring costs (1.9) (19.8) (16.6) (36.0)
Americas        
Segment Reporting Information [Line Items]        
Segment Adjusted EBITDA 115.5 112.4 226.3 194.5
EMEA        
Segment Reporting Information [Line Items]        
Segment Adjusted EBITDA 133.6 105.7 253.6 215.1
APAC        
Segment Reporting Information [Line Items]        
Segment Adjusted EBITDA $ 31.8 $ 34.9 $ 68.9 $ 74.9
v3.25.2
REPORTABLE SEGMENTS - Long-Lived Tangible Assets by Geographic Region (Details) - Geographic Concentration Risk - Property, Plant and Equipment
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Germany    
Segment Reporting Information [Line Items]    
Concentration risk percentage 28.00% 26.00%
United States    
Segment Reporting Information [Line Items]    
Concentration risk percentage 20.00% 23.00%
United Kingdom    
Segment Reporting Information [Line Items]    
Concentration risk percentage 10.00% 9.00%
Netherlands    
Segment Reporting Information [Line Items]    
Concentration risk percentage 1.00% 1.00%
v3.25.2
NONOPERATING INCOME (EXPENSE), NET (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]        
Deconsolidation of subsidiaries $ 5.2 $ (22.9) $ 5.2 $ (22.9)
Write-off of unamortized debt discount and debt issuance costs (Note 7) 0.0 0.0 (10.3) 0.0
Factoring fees (2.9) (4.1) (5.7) (7.9)
Net periodic pension benefit, other than service cost 1.3 0.5 2.2 1.0
Earnings from equity method investments 1.1 1.7 2.2 3.1
Income from transition services agreement 2.4 2.8 5.2 5.6
Settlement of tax indemnification (0.3) 0.0 (4.4) 0.0
Other 3.1 (1.2) 2.8 (1.2)
Nonoperating income (expense), net $ 9.9 $ (23.2) $ (2.8) $ (22.3)
v3.25.2
ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]            
Beginning balance $ 402.2 $ 486.9 $ 1,082.9 $ 1,331.6 $ 486.9 $ 1,331.6
Foreign currency adjustments:            
Defined benefit plan adjustments, net of tax (0.5)   0.0   (0.5) 0.5
Cash flow hedges, net of tax (5.9)   (6.8)   (14.8) 1.6
Ending balance 407.8 402.2 875.9 1,082.9 407.8 875.9
Defined benefit plan adjustments, tax 0.2     0.0    
Cash flow hedges, tax 0.0 0.0 0.0 0.0    
Foreign Currency Translation            
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]            
Beginning balance (18.3) (16.0) 5.1 81.2 (16.0) 81.2
Foreign currency adjustments:            
Foreign currency translation adjustments 29.7 (8.3) (8.8) (83.5)    
Net investment hedges (6.6) 6.0 (3.3) 7.4    
Defined benefit plan adjustments, net of tax 0.0     0.0    
Cash flow hedges, net of tax 0.0 0.0 0.0 0.0    
Ending balance 4.8 (18.3) (7.0) 5.1 4.8 (7.0)
Defined Benefit Plans            
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]            
Beginning balance (18.6) (18.6) (24.4) (24.9) (18.6) (24.9)
Foreign currency adjustments:            
Foreign currency translation adjustments 0.0 0.0 0.0 0.0    
Net investment hedges 0.0 0.0 0.0    
Defined benefit plan adjustments, net of tax (0.5)     0.5    
Cash flow hedges, net of tax 0.0 0.0 0.0 0.0    
Ending balance (19.1) (18.6) (24.4) (24.4) (19.1) (24.4)
Cash Flow Hedges            
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]            
Beginning balance (12.0) (3.1) 32.8 24.4 (3.1) 24.4
Foreign currency adjustments:            
Foreign currency translation adjustments 0.0 0.0 0.0 0.0    
Net investment hedges 0.0 0.0 0.0    
Defined benefit plan adjustments, net of tax 0.0     0.0    
Cash flow hedges, net of tax (5.9) (8.9) (6.8) 8.4    
Ending balance (17.9) (12.0) 26.0 32.8 (17.9) 26.0
Accumulated Other Comprehensive (Loss) Income            
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]            
Beginning balance (48.9) (37.7) 13.5 80.7 (37.7) 80.7
Foreign currency adjustments:            
Foreign currency translation adjustments 29.7 (8.3) (8.8) (83.5)    
Net investment hedges (6.6) 6.0 (3.3) 7.4    
Defined benefit plan adjustments, net of tax (0.5)     0.5    
Cash flow hedges, net of tax (5.9) (8.9) (6.8) 8.4    
Ending balance $ (32.2) $ (48.9) $ (5.4) $ 13.5 $ (32.2) $ (5.4)
v3.25.2
SUBSEQUENT EVENTS (Details)
$ / shares in Units, € in Millions, R$ in Millions, $ in Millions, $ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended 72 Months Ended
Jul. 10, 2031
BRL (R$)
Jul. 10, 2028
BRL (R$)
Jul. 10, 2027
BRL (R$)
Jul. 10, 2026
BRL (R$)
Aug. 12, 2025
Jul. 28, 2025
USD ($)
Jul. 28, 2025
BRL (R$)
Jul. 24, 2025
USD ($)
$ / shares
shares
Jul. 24, 2025
CAD ($)
shares
Jul. 24, 2025
EUR (€)
shares
Jul. 11, 2025
USD ($)
Jul. 10, 2025
USD ($)
Jul. 10, 2025
BRL (R$)
Jan. 24, 2025
Nov. 30, 2021
Aug. 14, 2025
USD ($)
Sep. 30, 2025
USD ($)
Jun. 30, 2025
USD ($)
shares
Jun. 30, 2024
USD ($)
Jun. 30, 2025
USD ($)
shares
Jun. 30, 2024
USD ($)
Jul. 10, 2031
BRL (R$)
Jul. 22, 2025
USD ($)
$ / shares
shares
Dec. 31, 2024
USD ($)
shares
Mar. 05, 2021
USD ($)
$ / shares
shares
Subsequent Event [Line Items]                                                  
Common stock shares outstanding (in shares) | shares                                   100   100       100  
Shares subscribed from warrant (in shares) | shares                                                 184,284
Exercise price of warrant (in dollars per share) | $ / shares                                                 $ 1,627.92
Deferred offering costs                                   $ 15.9   $ 15.9          
Writeoff of unamortized debt discount and debt issuance costs                                   0.0 $ 0.0 10.3 $ 0.0        
Proceeds from issuance of debt                                       810.3 $ 777.6        
M-TRIX Technologia e Servicos de Marketing S.A. | Forecast                                                  
Subsequent Event [Line Items]                                                  
Payments to acquire business | R$ R$ 20.0 R$ 50.0 R$ 60.0 R$ 60.0                                          
Credit Agreement                                                  
Subsequent Event [Line Items]                                                  
Writeoff of unamortized debt discount and debt issuance costs                                       10.3          
Revolver | Credit Agreement                                                  
Subsequent Event [Line Items]                                                  
Line of credit, maximum borrowing capacity                                   $ 638.3   $ 638.3       $ 638.3 $ 350.0
Revolver | Credit Agreement | Minimum                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)                             3.25%                    
Line of credit, commitment fee (as a percent)                                       0.25%          
Revolver | Credit Agreement | Maximum                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)                             3.75%                    
Line of credit, commitment fee (as a percent)                                       0.50%          
USD Term Loan | Credit Agreement                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)                           3.50%                      
EUR Term Loan | Credit Agreement                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)                           3.50%                      
Subsequent Event                                                  
Subsequent Event [Line Items]                                                  
Shares authorized (in shares) | shares                                             1,500,000,000    
Common stock shares outstanding (in shares) | shares                                             245,000,000    
Shares subscribed from warrant (in shares) | shares                                             17,725,122    
Exercise price of warrant (in dollars per share) | $ / shares                                             $ 16.93    
Warrant liability                                             $ 255.1    
Number of shares issued (in shares) | shares               50,000,000 50,000,000 50,000,000                              
Price per share for sale of stock (in dollars per share) | $ / shares               $ 21.00                                  
Proceeds received from sale of stock               $ 985.1                                  
Repayments of line of credit               533.4                                  
Subsequent Event | Prepaid expenses and other current assets | Revision of Prior Period, Reclassification, Adjustment                                                  
Subsequent Event [Line Items]                                                  
Deferred offering costs               (20.3)                                  
Subsequent Event | Paid-In Capital | Revision of Prior Period, Reclassification, Adjustment                                                  
Subsequent Event [Line Items]                                                  
Deferred offering costs               20.3                                  
Subsequent Event | M-TRIX Technologia e Servicos de Marketing S.A.                                                  
Subsequent Event [Line Items]                                                  
Percentage share of capital acquired (as a percent)                       100.00% 100.00%                        
Consideration transferred in business acquisition                       $ 61.4 R$ 340.0                        
Payments to acquire business                       $ 27.1 R$ 150.0                        
Subsequent Event | M-TRIX Technologia e Servicos de Marketing S.A. | Forecast                                                  
Subsequent Event [Line Items]                                                  
Payments to acquire business | R$                                           R$ 190.0      
Subsequent Event | Credit Agreement                                                  
Subsequent Event [Line Items]                                                  
Writeoff of unamortized debt discount and debt issuance costs                               $ 1.4                  
Subsequent Event | BRL Loan | M-TRIX Technologia e Servicos de Marketing S.A.                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)           1.00% 1.00%                                    
Proceeds from issuance of debt           $ 27.1 R$ 150.0                                    
Subsequent Event | 2021 CAD Term Loan                                                  
Subsequent Event [Line Items]                                                  
Repayments of line of credit               89.0 $ 122.6                                
Subsequent Event | EUR Term Loan                                                  
Subsequent Event [Line Items]                                                  
Repayments of line of credit               298.4   € 255.0                              
Repayments of line of credit, interest               2.8                                  
Subsequent Event | USD Term Loan                                                  
Subsequent Event [Line Items]                                                  
Repayments of line of credit, interest               $ 5.7                                  
Subsequent Event | Revolver | Credit Agreement                                                  
Subsequent Event [Line Items]                                                  
Line of credit, maximum borrowing capacity                     $ 750.0                            
Subsequent Event | Revolver | Credit Agreement | Minimum                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)         1.75%           2.25%                            
Line of credit, commitment fee (as a percent)                     0.25%                            
Subsequent Event | Revolver | Credit Agreement | Maximum                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)         2.25%           2.75%                            
Line of credit, commitment fee (as a percent)                     0.375%                            
Subsequent Event | Term Loans | Credit Agreement                                                  
Subsequent Event [Line Items]                                                  
Outstanding term loans for maturity trigger                     $ 1,000.0                            
Subsequent Event | USD Term Loan | Credit Agreement | Minimum                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)         2.25%                                        
Subsequent Event | USD Term Loan | Credit Agreement | Maximum                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)         2.50%                                        
Subsequent Event | EUR Term Loan | Credit Agreement | Minimum                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)         2.75%                                        
Subsequent Event | EUR Term Loan | Credit Agreement | Maximum                                                  
Subsequent Event [Line Items]                                                  
Debt, spread on variable rate (as a percent)         3.00%                                        
Subsequent Event | Share-Based Payment Arrangement, Tranche One                                                  
Subsequent Event [Line Items]                                                  
Accelerated cost recognized for share-based payment arrangement                                 $ 43.2                
Subsequent Event | Share-Based Payment Arrangement, Tranche Two                                                  
Subsequent Event [Line Items]                                                  
Accelerated cost recognized for share-based payment arrangement                                 $ 23.5