Q2 2023 Earnings

Revenue

$16.6B+7.4% YoY

Gross Profit

$2.5B15.2% margin

Operating Income

$430M2.6% margin

Net Income

$402M2.4% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

+8.0%

Operating Cash Flow

$3.0B

Free Cash Flow

$3.0B

Stock-Based Comp.

Total Assets

$677.3B

Total Liabilities

$646.8B

Stockholders' Equity

$30.3B

Cash & Equivalents

$15.4B

Metric	Current	Year Ago	Change
Revenue	$16.6B	$15.5B	+7.4%
Gross Profit	$2.5B	$3.0B	-15.2%
Operating Income	$430M	$987M	-56.4%
Net Income	$402M	$910M	-55.8%

Vision fee for service arrangements

$143M26%

Prepaid legal plans and administrative-only contracts

$130M24%

Fee-based investment management services

$103M19%

Other revenue from service contracts from customers

$68M12%

Administrative Service

$64M12%

Distribution Service

$38M7%