119 annotations
a lot of that softness is driven from a commercial perspective
(No comment added)
Transcript
2024 Q1
20 Apr 24
while we do continue to see a softer spend environment, our spending volumes are tracking in line with our expectations to support our revenue guidance for the full year
(No comment added)
Transcript
2024 Q1
20 Apr 24
Spending by U.S. SME card members continued to be soft but new customer acquisitions, retention and credit on our small business products all continued to be strong.
(No comment added)
Transcript
2024 Q1
20 Apr 24
We expect this reserve rate to increase a bit as we move through 2023, but to remain below pre-pandemic levels.
(No comment added)
Transcript
2022 Q4
29 Jan 23
we ended 2022 with $4 billion of reserves, representing 2.4% of our total loans in Card Member receivables
(No comment added)
Transcript
2022 Q4
29 Jan 23
Spending from international consumer and international SME and large corporate customers grew 23% and 32% year-over-year respectively in Q4.
(No comment added)
Transcript
2022 Q4
29 Jan 23
Total network volumes in billed business were up 16% and 15% year-over-year in the fourth quarter and 24% and 25% for the full year, all on an FX-adjusted basis.
(No comment added)
Transcript
2022 Q4
29 Jan 23
pre-tax, pre-provision income was $11.8 billion for the full year and $2.9 billion in the fourth quarter, up 27% and 23% respectively versus the prior year
(No comment added)
Transcript
2022 Q4
29 Jan 23
grew 19% on an FX adjusted basis
(No comment added)
Transcript
2022 Q4
29 Jan 23
full year revenues reached an all-time high of $52.9 billion, up 27% on an FX-adjusted basis.
(No comment added)
Transcript
2022 Q4
29 Jan 23
We acquired 3 million new card members in the fourth quarter
(No comment added)
Transcript
2022 Q4
29 Jan 23
Of the full year $617 million reserve build, we saw $492 million of it in the fourth quarter.
(No comment added)
Transcript
2022 Q4
29 Jan 23
Full year 2022 provision expense was $2.2 billion, which included a $617 million reserve build, primarily driven by loan growth, the continued steady and expected increase in delinquency rates and changes in the macroeconomic outlook as the year progressed.
(No comment added)
Transcript
2022 Q4
29 Jan 23
Going forward, we expect delinquency and write-off rates to continue to move up over time, but to remain below pre-pandemic levels in 2023 for Card Member loans.
(No comment added)
Transcript
2022 Q4
29 Jan 23
Card Member loans and receivables write-off and delinquency rates remain below pre-pandemic levels.
(No comment added)
Transcript
2022 Q4
29 Jan 23
we expect revenue growth of 15% to 17%, which is higher than our long-term growth plan aspirations and EPS of $11 to $11.40
(No comment added)
Transcript
2022 Q4
29 Jan 23
U.S. large and global corporate customers, the one small customer type that has not come back to pre-pandemic spend levels, they did continue though their steady recovery this quarter with overall billings now 11% below pre-pandemic levels.
(No comment added)
Transcript
2022 Q4
29 Jan 23
U.S. consumer billings grew 15% in the fourth quarter
(No comment added)
Transcript
2022 Q4
29 Jan 23
Millennial and Gen Z customers continue to be the largest drivers of our growth, representing over 60% of proprietary consumer card acquisitions in the quarter and for the full year.
(No comment added)
Transcript
2022 Q4
29 Jan 23
Revenues, which reached all-time highs for both the quarter and the year, were up 25% for the full year, exceeding the 18% to 20% guidance we started the year with. An earnings per share of $9.85 was well above our guidance of $9.25 to $9.65.
(No comment added)
Transcript
2022 Q4
29 Jan 23