“Obviously, we are targeting positive operating leverage for the full firm in 2026. You should expect that across most of the segments.”

How to check this claim

Look at: Full-firm operating leverage (year-over-year revenue growth rate minus year-over-year expense growth rate), fiscal year 2026

It came true if: Full-year 2026 revenue growth rate > full-year 2026 expense growth rate (positive operating leverage)

Where: Company income statement / full-year 2026 earnings release and 10-K (Q4 2026 results)

Verify independently

SEC filings for C ↗ · Claim quote is verbatim from the 2025Q3 earnings call.