We are balancing important strategic investments with disciplined expense management which allowed us to deliver 150 basis points of trading 12-month margin expansion.

Jul 31, 2025 / receipt, needs a key / Martina Chung, CEO | earnings call 2025-07-31 | transcript 6efa1cd2-04d5-4174-8793-94408dabe9bf | chars 3121-3288 | segment 3

First, we are extremely disciplined around expense management. One of the core Operating motions for this leadership team is making sure that we are putting every next dollar to work in the place where we can see the greatest return for value creation for our customers, but also long-term shareholder value.

Feb 11, 2025 / receipt, needs a key / Martina, CEO | earnings call 2025-02-11 | transcript 5bfefe83-c032-4ef3-85cc-700850aaa158 | chars 45493-45801 | segment 47

Adjusted expenses increased 9%, driven by higher compensation, including incentives, as well as increased T&E expense as our commercial and analytical teams were actively meeting with issuers to help drive the strong growth we saw in the quarter.

Apr 25, 2024 / receipt, needs a key / Chris Craig, CFO | earnings call 2024-04-25 | transcript f86db764-4177-4d73-8bd4-0c0fc456f98b | chars 17083-17329 | segment 17

I myself have been traveling extensively this year seeing customers.

Apr 25, 2024 / receipt, needs a key / Doug Peterson, CEO | earnings call 2024-04-25 | transcript f86db764-4177-4d73-8bd4-0c0fc456f98b | chars 43911-43979 | segment 44

We are confident that we continue to strike the appropriate balance between disciplined expense management and investing in our business as evidenced by the volume of new products coming to the market this year and our expectation to deliver more than 100 basis points of adjusted margin expansion for the full year at the midpoint of our guidance range.

Nov 2, 2023 / receipt, needs a key / Ewout Steenberg, CFO | earnings call 2023-11-02 | transcript 032a5cf2-95e9-447f-83ae-f8dd8ed10a9c | chars 18738-19092 | segment 19

Well, first of all, we've seen that in the last quarter and going forward that people are thinking very cautiously about expense management especially in the financial services sector. This is an area where people have been looking at how they're going to be managing their own expenses. They're looking at the environment, which we described as quite difficult, given inflation, given the interest rate environment. There's not a lot of deal flow. So this is where we're mainly seeing slowdown in some of the sales cycles, although this stabilized in the second quarter.

Jul 27, 2023 / receipt, needs a key / Doug, other | earnings call 2023-07-27 | transcript b644729e-f16c-45cb-a203-59287ec21dad | chars 32469-33040 | segment 33

Adjusted expenses were roughly flat year over year as increases in compensation expense, cloud spend and T&E were offset by cost synergies and lower occupancy costs.

Apr 27, 2023 / receipt, needs a key / Evald Steenbergen, CFO | earnings call 2023-04-27 | transcript 392e0584-a91e-4f2b-9b48-f42e7738ab20 | chars 18660-18825 | segment 18

Adjusted expenses increased 3%, primarily due to higher event costs driven by conferences, T&E, and compensation, partially offset by realization of cost synergies and lower consulting spend.

Apr 27, 2023 / receipt, needs a key / Evald Steenbergen, CFO | earnings call 2023-04-27 | transcript 392e0584-a91e-4f2b-9b48-f42e7738ab20 | chars 21929-22120 | segment 22

Adjusted expenses were roughly flat for the quarter, primarily due to higher compensation, an increase in T&E expense, and bad debt provision, partially offset by merger-related synergies, lower consulting spend, and advertising and promotion costs.

Feb 9, 2023 / receipt, needs a key / Evert, CFO | earnings call 2023-02-09 | transcript 8acc1cee-5b2d-42da-a0ba-1da2d3928e96 | chars 23628-23877 | segment 24

Expenses increased 1%, primarily due to salary and fringe, and an increase in T&E expense, partially offset by merger-related synergies, lower consulting spend, and lower real estate cost.

Oct 27, 2022 / receipt, needs a key / Ewa, other | earnings call 2022-10-27 | transcript 91d7a9a1-db17-4776-8988-e944cdd0f2b1 | chars 22027-22215 | segment 22

We're also seeing higher cloud and T&E costs, as we highlighted last quarter as well.

Aug 2, 2022 / receipt, needs a key / Evert, CEO | earnings call 2022-08-02 | transcript 36d91797-3e3f-471c-8467-8ba2e9f9df6f | chars 24149-24234 | segment 24

Expenses decreased 6%, primarily driven by disciplined expense management, including lower incentive expenses, as well as lower occupancy costs and favorable effects, partially offset by increased salary and fringe expenses and T&E spend.

Aug 2, 2022 / receipt, needs a key / Evert, CEO | earnings call 2022-08-02 | transcript 36d91797-3e3f-471c-8467-8ba2e9f9df6f | chars 27940-28178 | segment 28