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      "text": "53% 2% 8% 16% 28% 2019\n39% 2% 6% 12% 19% 2020\n39% 2% 5% 13% 18% 2021\n50% 2% 8% 20% 21% 2022\n55% 3% 8% 19% 24% Q2 2022\n53% 3% 9% 22% 20% Q3 2022\n44% 2% 6% 19% 16% Q4 2022\n51% 3% 7% 23% 18% Q1 2023",
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      "text": "Research and development\nSales and marketing\nGeneral and administrative\nTransaction and loan losses\nTotal adjusted opex as a percentage of revenue",
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      "text": "Chart depicts operating leverage, which is measured using Adjusted Operating Expenses (Opex) as a percentage of revenue. Excludes the effect of stock-based compensation expenses and related payroll taxes, amortization of acquired intangibles, employee severance, expense related to legal contingencies, real estate-related impairment charges, and impairment of right-of-use assets and leasehold improvements. Adjusted Operating Expenses is a non-GAAP measure, see Appendix for reconciliation. Numbers may not foot due to rounding.",
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      "kind": "title",
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