While compensation expense was up primarily related to the seasonality impact from higher payroll taxes and the impact from annual merit, we also saw an improvement in some more discretionary categories like T&E, professional, and marketing expenses, to name a few.

Apr 29, 2025 / receipt, needs a key / Rob Caferra, CFO | earnings call 2025-04-29 | transcript 5a5375a1-227d-4cca-ab4f-0531ae60b57d | chars 9740-10005 | segment 9