Three Months Ended

March 27, 2026

March 28, 2025

U.S.

Canada

Total

U.S.

Canada

Total

Net revenue

$

4,548

$

129

$

4,677

$

4,047

$

120

$

4,167

FA compensation and benefits

1,821

54

1,875

1,605

48

1,653

Home office operating expense

856

32

888

778

27

805

Branch office operating expense

606

19

625

568

17

585

Variable compensation

732

16

748

598

13

611

Operating expenses

4,015

121

4,136

3,549

105

3,654

Income before allocations

$

533

$

8

$

541

$

498

$

15

$

513

Income before allocations margin

11.6

%

6.2

%

11.5

%

12.1

%

12.8

%

12.2

%

Net interest and dividends revenue

$

179

$

9

$

188

$

206

$

13

$

219

Depreciation and amortization

$

190

$

4

$

194

$

159

$

5

$

164

Total assets

$

27,507

$

1,504

$

29,011

$

26,758

$

1,222

$

27,980