Q3 2022 Earnings

Financial Services Financial - Credit Services

Income Statement

Revenue

$473M+48.0% YoY

Gross Profit

$337M71.2% margin

Operating Income

$127M26.9% margin

Net Income

$105M22.2% margin

EPS (Diluted)

$2.80

QoQ Revenue Growth

+20.0%

Cash Flow

Operating Cash Flow

$173M

Free Cash Flow

$163M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$19.6B

Total Liabilities

$16.4B

Stockholders' Equity

$3.2B

Cash & Equivalents

$63M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$473M	$320M	+48.0%
Gross Profit	$337M	$264M	+27.7%
Operating Income	$127M	$67M	+90.0%
Net Income	$105M	$53M	+97.2%

Revenue Segments

Loan Servicing And Systems Revenue

$134M36%

Education Technology Services And Payment Processing Services

$107M28%

Payment Processing

$48M13%

Education Technology And Services

$33M9%

Tuition Payment Plan Services

$26M7%

Private Education And Consumer Loan Servicing

$12M3%

Software Services

$8M2%

Outsourced Services Revenue And Other

$5M1%

FFELP Servicing

$4M1%

Other Service Offering

$610,0000%