Three Months Ended

March 28, 2025

March 29, 2024

U.S.

Canada

Total

U.S.

Canada

Total

Net revenue

$

4,047

$

120

$

4,167

$

3,688

$

106

$

3,794

FA compensation

1,605

48

1,653

1,437

42

1,479

Home office operating expense

778

27

805

717

26

743

Branch office operating expense

568

17

585

538

17

555

Variable compensation

598

13

611

539

11

550

Operating expenses

3,549

105

3,654

3,231

96

3,327

Income before allocations

$

498

$

15

$

513

$

457

$

10

$

467

Income before allocations margin

12.1

%

12.8

%

12.2

%

12.2

%

9.3

%

12.1

%

Net interest and dividends revenue

$

206

$

13

$

219

$

228

$

12

$

240

Depreciation and amortization

$

159

$

5

$

164

$

139

$

4

$

143

Total assets

$

26,758

$

1,222

$

27,980

$

26,646

$

1,091

$

27,737