Q2 2019 Earnings

Revenue

$17.5B-17.4% YoY

Gross Profit

$4.7B26.7% margin

Operating Income

$2.3B13.1% margin

Net Income

$1.7B10.0% margin

EPS (Diluted)

$1.77

QoQ Revenue Growth

+7.3%

Operating Cash Flow

$2.4B

Free Cash Flow

$2.4B

Stock-Based Comp.

Total Assets

$732.2B

Total Liabilities

$668.1B

Stockholders' Equity

$63.8B

Cash & Equivalents

$18.4B

Metric	Current	Year Ago	Change
Revenue	$17.5B	$21.2B	-17.4%
Gross Profit	$4.7B	$3.6B	+29.9%
Operating Income	$2.3B	$1.1B	+108.6%
Net Income	$1.7B	$891M	+95.4%

Prepaid legal plans and administrative-only contracts

$86M27%

Fee-based investment management services

$69M21%

Other revenue from service contracts from customers

$64M20%

Administrative services-only contracts

$53M16%

Distribution and Administrative Services fees

$52M16%