Company: NSP
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001000753-25-000069
Chunk: 42

Company: INSPERITY, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 7
Chunk 42
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22 — Commissions10 11 (9)%11 12 (8)%Advertising11 12 (8)%12 13 (8)%General and administrative:Amortization of SaaS implementation costs1 3 (67)%1 3 (67)%Workday SaaS licensing and implementation expense7 8 (13)%8 9 (11)%All other general and administrative41 46 (11)%43 49 (12)%Total general and administrative49 57 (14)%52 61 (15)%Depreciation and amortization11 11 — 12 12 — Total operating expenses$230 $237 (3)%$248 $257 (4)%

Operating expenses for Q2 2025 decreased 3% to $230 million compared to $237 million in Q2 2024. Operating expenses per WSEE per month for Q2 2025 decreased 4% to $248 compared to $257 in Q2 2024.

•General and administrative expenses for Q2 2025 decreased 14% to $49 million, or $9 per WSEE per month, compared to Q2 2024. The decrease was primarily due to decreased professional services fees, travel and training expenses, and amortization of SaaS implementation costs, partially offset by increases in software licensing and maintenance costs.

First Six Months 2025 Compared to First Six Months 2024

The following table presents certain information related to our operating expenses:

Six Months Ended June 30,per WSEE(in millions, except per WSEE)20252024% Change20252024% ChangeSalaries$271 $266 2 %$147 $145 1 %Stock-based compensation31 30 3 %17 16 6 %Commissions21 23 (9)%11 13 (15)%Advertising18 19 (5)%10 10 — General and administrative:Amortization of SaaS implementation costs3 6 (50)%2 3 (33)%Workday SaaS licensing and implementation expense13 12 8 7 7 — All other general and administrative93 96 (3)%50 53 (6)%Total general and administrative109 114 (4)%59 63 (6)%Depreciation and amortization22 22 — 12 12