And then from a spend perspective, I'm very happy to see the leverage we had committed to fixed expense coming down in second half, and we saw that happen coming from 6.2% down to 5.6 year end, both Q3 and Q4. So just diligent expense management, overall variable, again, happy in the quarter. It came down from 14.6 to 14.4.

Feb 12, 2026 / CFO / receipt, needs a key / Farouk Qureshi, CFO | earnings call 2026-02-12 | transcript f6717309-8699-4a1b-851e-cb9b352de256 | chars 19990-20315 | segment 20