This was offset in part by higher levels of performance-based compensation, including commissions, related to our stronger year-to-date performance, as well as a decrease in our pension credit negative margin impact from recent acquisitions, and higher T&E expenses.

Aug 2, 2023 / CFO / receipt, needs a key / Elizabeth Mann, CFO | earnings call 2023-08-02 | transcript d3ce9cd3-fbe6-4cfb-9b98-9edabaa9f331 | chars 15733-15999 | segment 15

Our travel solutions are benefiting from a post-COVID rebound, particularly in markets like Australia and New Zealand.

May 3, 2023 / CFO / receipt, needs a key / Elizabeth Mann, CFO | earnings call 2023-05-03 | transcript 75eae9d4-2847-4f8b-ade4-03aff8e685eb | chars 16591-16709 | segment 17

This level of margin also does include several headwinds, which in total represent about 150 basis points. and include a decrease in our pension credit, pressures from recent acquisitions, and higher T&E expenses, offset in part by foreign currency realized gains in the quarter.

May 3, 2023 / CFO / receipt, needs a key / Elizabeth Mann, CFO | earnings call 2023-05-03 | transcript 75eae9d4-2847-4f8b-ade4-03aff8e685eb | chars 18488-18767 | segment 18

This level of margin also includes a number of margin headwinds, including approximately 110 basis points from recent acquisitions, as well as 80 basis points from the headwinds from our ongoing technological transformation and higher T&E expenses.

Mar 1, 2023 / CFO / receipt, needs a key / Elizabeth Mann, CFO | earnings call 2023-03-01 | transcript 7c24cefd-5b13-4d4c-8da4-e3336d467578 | chars 18237-18485 | segment 18

This level of margin includes approximately 60 basis points of headwind from recent acquisitions, 50 basis points of headwind from our ongoing technological transformation, including cloud expenses, which we absorbed into our cost structure, and 40 basis points from higher year-over-year T&E expenses.

Nov 2, 2022 / CFO / receipt, needs a key / Elizabeth Mann, CFO | earnings call 2022-11-02 | transcript 624e4309-8e91-4bec-904a-e83c17cc84f3 | chars 20740-21042 | segment 20