We are maintaining focus on disciplined expense management and continuing investments in enhancing efficiency while also taking into account a cost base that includes staffing and capabilities built for the stronger growth expected throughout the remainder of the year.

Apr 30, 2026 / receipt, needs a key / Lucy, other | earnings call 2026-04-30 | transcript d497d23d-3ec0-43d3-9ca1-396dc01b2fe0 | chars 35790-36059 | segment 36

In the near term, we expect year-over-year margin expansion for the fourth quarter and the full year as a result of operating leverage and increasing contributions from our expense management initiatives.

Oct 26, 2023 / receipt, needs a key / Carl Hess, CEO | earnings call 2023-10-26 | transcript fa6ff3dc-50e8-4e2b-a4eb-327438117a2e | chars 2869-3073 | segment 2

We believe that our transformation program and disciplined expense management combined with consistent and sustainable growth opportunities will support near-term and long-term margin expansion.

Oct 26, 2023 / receipt, needs a key / Carl Hess, CEO | earnings call 2023-10-26 | transcript fa6ff3dc-50e8-4e2b-a4eb-327438117a2e | chars 8062-8256 | segment 8

We are beginning to see our expense management actions deliver results, including coordinated efforts on reducing spend for internal travel and vendor spend.

Oct 26, 2023 / receipt, needs a key / Carl Hess, CEO | earnings call 2023-10-26 | transcript fa6ff3dc-50e8-4e2b-a4eb-327438117a2e | chars 15192-15349 | segment 15

We did take some specific actions regarding travel expenses and looking at vendor spend and some targeted management of marketing costs.

Oct 26, 2023 / receipt, needs a key / Michael Zurimsky, other | earnings call 2023-10-26 | transcript fa6ff3dc-50e8-4e2b-a4eb-327438117a2e | chars 28682-28818 | segment 29

And the answer is, you know, we are balancing between things, but there are places that are just simply going to be easier to cut than others, right? Internal travel isn't directly tied to client revenue. Going to see clients is. So we've just asked people to be smart about how they spend their travel dollar. And, you know, just being a bit better organized can help, right? Tailoring several client visits together. perhaps combined, if you're a senior management with an office visit, can be a far more productive spend. And I'm really pleased how our team has responded to the call for better discipline in the spring.

Oct 26, 2023 / receipt, needs a key / Yaron Kinnar, other | earnings call 2023-10-26 | transcript fa6ff3dc-50e8-4e2b-a4eb-327438117a2e | chars 36668-37291 | segment 37

The rest is attributable to some short-term headwinds partially offset by the savings from transformation period. The short-term headwinds are from T&E and our continued investments in talent.

Jul 27, 2023 / receipt, needs a key / Andrew, other | earnings call 2023-07-27 | transcript 26dd110e-f5ad-4909-8818-25c878725bf0 | chars 30060-30252 | segment 30

At the same time, macroeconomic conditions have dampened demand for interest rate-sensitive businesses such as M&A, and the inflationary environment has put pressure on our operating costs, driving up wages and travel and entertainment. We are also focused on implementing cost-saving measures primarily focused on eliminating non-essential travel.

Jul 27, 2023 / receipt, needs a key / Andrew Krasner, CFO | earnings call 2023-07-27 | transcript 26dd110e-f5ad-4909-8818-25c878725bf0 | chars 6807-7155 | segment 7

We are also facing expense headwinds due to the increased client activity and inflationary increases on travel, entertainment, and marketing that we are actively managing with strict cost management actions, which we expect to yield a greater benefit in the second half of the year.

Jul 27, 2023 / receipt, needs a key / Andrew, other | earnings call 2023-07-27 | transcript 26dd110e-f5ad-4909-8818-25c878725bf0 | chars 23413-23695 | segment 24

In T&E, we're seeing the effects of inflation as well as the increase in travel post-COVID. We're working to manage this by implementing mandates around essential travel, fare caps, things of that nature. We've already seen some improvement in the T&E cost from these actions and expect that to accelerate during the second half of the year.

Jul 27, 2023 / receipt, needs a key / Andrew, other | earnings call 2023-07-27 | transcript 26dd110e-f5ad-4909-8818-25c878725bf0 | chars 30253-30594 | segment 31

We talked about the cost of travel has gone up meaningfully, things of that nature.

Jul 27, 2023 / receipt, needs a key / Carl, other | earnings call 2023-07-27 | transcript 26dd110e-f5ad-4909-8818-25c878725bf0 | chars 48961-49044 | segment 50

Despite inflationary pressure on labor costs and the post-pandemic normalizing of variable costs, such as travel, we remain steadfast in exercising financial disciplines.

Jul 28, 2022 / receipt, needs a key / Andrew Krasner, CFO | earnings call 2022-07-28 | transcript 9479431c-eaea-4fde-97fe-ea4563e77992 | chars 9229-9399 | segment 9