“As we are looking at FY '26, we're basically, you know, catching back up where we should have, you know, where comparing it to last year. I think, that is not a headwind that we'll have going forward into fiscal 2027.”

In context

“lling of the incentive comp bucket, and that, you know, that tends to be a headwind for a period of time. Seems like sometimes that, you know, that can be, like, the network two point o savings come in or I guess just how do we kind of think about that and then relative to just the progress on your FEC margin, which has been good for, I think you said five quarters in a row, and it seems like you're maybe pausing. Admittedly for a couple reasons. But just kind of how do we think about broader margin improvement? And is this kind of a couple quarter headwind on refilling the incentive comp, or is this something that you know, might carry into kinda, you know, next year as well? Raj Subramaniam: Well, thank you, Tom, for the question. Let me lead off, and if John wants to add to it, he can. As we are looking at FY '26, we're basically, you know, catching back up where we should have, you know, where comparing it to last year. I think, that is not a headwind that we'll have going forward into fiscal 2027. So that's that hopefully answers that question. The second part of it is we are very, very pleased with the underlying momentum that we have in our business. This is now working. The transformation that we have on our network transformation, our organizational transformation, our digital transformation, all are working. Our commercial teams are executing at a high level as you can see the results. So we are pleased with the underlying momentum and the flow through. There are certain things that are happening, you know, peculiarly for this, you know, there are incremental headwinds for this next three to six months. But on an ongoing basis, you know, we are very pleased with the ongoing momentum here. Jordan Alliger: The next question is from Jordan Alliger with Goldman Sachs. Please go ah”