Q2 2022 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$394M+18.8% YoY

Gross Profit

$311M78.9% margin

Operating Income

$108M27.5% margin

Net Income

$85M21.6% margin

EPS (Diluted)

$2.26

QoQ Revenue Growth

-20.2%

Cash Flow

Operating Cash Flow

$208M

Free Cash Flow

$190M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$20.6B

Total Liabilities

$17.5B

Stockholders' Equity

$3.1B

Cash & Equivalents

$128M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$394M	$332M	+18.8%
Gross Profit	$311M	$282M	+10.6%
Operating Income	$108M	$109M	-0.8%
Net Income	$85M	$84M	+1.5%

Revenue Segments

Loan Servicing And Systems Revenue

$125M38%

Education Technology Services And Payment Processing Services

$91M27%

Education Technology And Services

$35M10%

Payment Processing

$28M8%

Tuition Payment Plan Services

$28M8%

Private Education And Consumer Loan Servicing

$12M4%

Software Services

$8M2%

FFELP Servicing

$4M1%

Outsourced Services Revenue And Other

$2M1%

Other Service Offering

$470,0000%