Q1 2023 Earnings

Revenue

$15.4B-0.1% YoY

Gross Profit

$2.3B15.0% margin

Operating Income

$257M1.7% margin

Net Income

$80M0.5% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

-5.7%

Operating Cash Flow

$2.0B

Free Cash Flow

$2.0B

Stock-Based Comp.

Total Assets

$674.3B

Total Liabilities

$641.8B

Stockholders' Equity

$32.2B

Cash & Equivalents

$18.5B

Metric	Current	Year Ago	Change
Revenue	$15.4B	$15.4B	-0.1%
Gross Profit	$2.3B	$3.9B	-41.3%
Operating Income	$257M	$1.9B	-86.7%
Net Income	$80M	$1.6B	-95.1%

Vision fee for service arrangements

$159M28%

Prepaid legal plans and administrative-only contracts

$131M23%

Fee-based investment management services

$100M18%

Other revenue from service contracts from customers

$71M13%

Administrative Service

$64M11%

Distribution Service

$37M7%