Our expense management remains focused on driving positive operating leverage. both this year and over our long-range financial plan. As we have noted, we are executing disciplined cost efficiency programs that reduce baseline expenses and create the capacity to robustly grow investments in the business, even as we create overall positive operating leverage.

Oct 17, 2025 / CFO / receipt, needs a key / Zach Wasserman, CFO | earnings call 2025-10-17 | transcript 7c3d8f03-d62d-4c64-aaed-b899f56abb57 | chars 11376-11736 | segment 11

During the quarter, we began the first steps of a multi-part expense management plan for 2020, which provided some benefit in the quarter by reducing the most immediately flexible expense lines.

Apr 23, 2020 / CFO / receipt, needs a key / Zach Wasserman, CFO | earnings call 2020-04-23 | transcript e794aef6-fe8a-44e6-8dcf-f7e6c5eee778 | chars 11537-11731 | segment 11