Q1 2019 Earnings

Revenue

$16.3B+10.1% YoY

Gross Profit

$4.0B24.6% margin

Operating Income

$1.7B10.7% margin

Net Income

$1.4B8.5% margin

EPS (Diluted)

$1.40

QoQ Revenue Growth

+4.1%

Operating Cash Flow

$2.1B

Free Cash Flow

$2.1B

Stock-Based Comp.

Total Assets

$713.2B

Total Liabilities

$654.5B

Stockholders' Equity

$58.5B

Cash & Equivalents

$14.5B

Metric	Current	Year Ago	Change
Revenue	$16.3B	$14.8B	+10.1%
Gross Profit	$4.0B	$4.0B	-0.2%
Operating Income	$1.7B	$1.7B	+5.3%
Net Income	$1.4B	$1.3B	+10.2%

Prepaid legal plans and administrative-only contracts

$86M26%

Fee-based investment management services

$77M23%

Other revenue from service contracts from customers

$71M21%

Administrative services-only contracts

$53M16%

Distribution and Administrative Services fees

$50M15%