The biggest changes in the 10-K filed 2026-07-17, in management's words
This fiscal year against the last, and the sentences in the MD&A where management explains each change. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Cash from operations
The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
“Total revenue increased to $6.5 billion for fiscal 2026, reflecting an increase of 17% compared to the prior year.”
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“Management Solutions revenue: $4.9 billion for fiscal 2026, reflecting an increase of 20%.”
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Operating margin
The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Net income
“Other income, net: Other income, net decreased 5% to $69.9 million in fiscal 2026, primarily as a result of lower average interest rates earned on our corporate investments.”
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“Net income and diluted earnings per share: Net income was $1.8 billion for fiscal 2026 and $1.7 billion for fiscal 2025, reflecting an increase of 6%.”
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Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗