First quarter operating income rose 17%, and EPS grew 24%, benefiting from strong revenue performance and expense management while we continued to invest in our products and capabilities to serve our clients over the long term.

Apr 24, 2025 / CEO / receipt, needs a key / Adina Friedman, CEO | earnings call 2025-04-24 | transcript fec03578-4148-449f-8e4d-1674e077a30c | chars 3417-3644 | segment 3

The higher general and administrative expense primarily reflect higher travel versus the prior year period as we returned to a more normalized level of travel in 2022.

Jan 25, 2023 / CEO / receipt, needs a key / Adina Friedman, CEO | earnings call 2023-01-25 | transcript c9332567-941c-4dd3-9db5-c65d6ed3e234 | chars 26131-26298 | segment 25

Yeah, well, first of all, I do think the environment is starting to generally improve in terms of being able to travel a bit now. But, you know, we're still doing most of our client interactions on Zoom, and that makes it harder. It's also harder to develop kind of what I would call the top end of the pipeline, the top end of the funnel in terms of identifying new clients. But I do think we've done a good job of adapting there to try to make sure that we know which new marketplaces are available starting to consider launching and how we can serve them.

Oct 20, 2021 / CEO / receipt, needs a key / Adina Friedman, CEO | earnings call 2021-10-20 | transcript 3935b90a-899c-4776-be1c-e0c929e49611 | chars 29527-30085 | segment 29

That said, we did experience reduced demand from corporate clients in sectors that are highly impacted by the effects of the pandemic, such as travel, retail, energy, and financials, where a focus on expense controls has become a priority.

Jul 22, 2020 / CEO / receipt, needs a key / Adina Friedman, CEO | earnings call 2020-07-22 | transcript 07a92947-01b7-4795-befd-6c6791a2ff2f | chars 8724-8963 | segment 8