The company said revenue for the six months ended December 31, 2023 grew 7% (6% on an organic constant currency basis), and that the pre-tax earnings margin expanded 30 basis points and the adjusted EBIT margin expanded 20 basis points.

1. 01

   The company said revenue for the six months ended December 31, 2023 grew 7% (6% on an organic constant currency basis), and that the pre-tax earnings margin expanded 30 basis points and the adjusted EBIT margin expanded 20 basis points.

2. 02

   The company said interest earned on client funds for the 3 months ended December 31, 2023 rose to $225.3 million from $187.2 million a year earlier. The average yield was 2.8% (2.2% a year earlier), and the average client funds balance fell 2.3% to $32.6 billion.

3. 03

   The company said it returned $1.5B to shareholders over the six months ended December 31, 2023, including $1.0B in dividends and $0.5B in share repurchases. It bought back about 2.1 million shares at an average price of $238.29 per share over the same period.

4. 04

   The company said cash and cash equivalents were $1.6 billion as of December 31, 2023, and it had no borrowings under its $9.7 billion of committed credit facilities as of that date. It also had no commercial paper borrowings outstanding on that date.

Key figures

Quarter ended December 31, 2023

Revenue

$4.7B

Net income

$878M

EPS

$2.13

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.