Q2 2025 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$613M+34.7% YoY

Gross Profit

$462M75.4% margin

Operating Income

$237M38.7% margin

Net Income

$181M29.6% margin

EPS (Diluted)

$4.97

QoQ Revenue Growth

+31.5%

Cash Flow

Operating Cash Flow

$82M

Free Cash Flow

$78M

Stock-Based Comp.

Balance Sheet

Total Assets

$13.7B

Total Liabilities

$10.2B

Stockholders' Equity

$3.6B

Cash & Equivalents

$226M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$613M	$455M	+34.7%
Gross Profit	$462M	$275M	+68.2%
Operating Income	$237M	$58M	+306.3%
Net Income	$181M	$45M	+302.4%

Revenue Segments

Loan Servicing And Systems Revenue

$121M31%

Education Technology Services And Payment Processing Services

$118M30%

Education Technology And Services

$44M11%

Payment Processing

$38M10%

Tuition Payment Plan Services

$36M9%

Private Education And Consumer Loan Servicing

$23M6%

Software Services

$9M2%

FFELP Servicing

$2M1%

Outsourced Services Revenue And Other

$561,0000%

Other Service Offering

$175,0000%