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Those credits aren't particularly relevant any more. Several years ago they were essential and made up practically the entirety of their profits, but today they
by martythemaniak 4y ago
Those credits aren't particularly relevant any more. Several years ago they were essential and made up practically the entirety of their profits, but today they're just a side-gig. In Q2'2022: $300m credits, $16 billion in total revenue, 2.3B in profit.
- aclatuts 4y agoI was just going to say this. The credits definitely do not double their margins, it adds 2% to their 11% base margin for a total of 13%
- SV_BubbleTime 4y agoQ2 was 300m hmm? Ok, do the rest of the math at 5% likely-actual or 7% industry average on sales.