Executive Snapshot
Profit is highly concentrated: Government alone contributes 67.4% of total profit, and together with Small Business these two segments generate 91.9% of profit. Three Star products account for more than 63.0% of product-level profit, and profitability varies noticeably by country and discount strategy.
What this means in simple terms
- Not all revenue is equal; the bulk of profit comes from a few segments, products, and markets.
- Disciplined discounting and timing activity around peak months have outsized impact on the bottom line.