119 annotations
Page 3 of 6
Millennial and Gen Z customers are powering this growth comprising more than 60% of our proprietary consumer card acquisitions in the quarter.
(No comment added)
Transcript
2022 Q3
26 Oct 22
Billed business was up 24% on an FX-adjusted basis
(No comment added)
Transcript
2022 Q3
26 Oct 22
Revenues grew 27% on an FX-adjusted basis
(No comment added)
Transcript
2022 Q3
26 Oct 22
bookings to our consumer travel business reached their highest level since before the pandemic in the third quarter
(No comment added)
Transcript
2022 Q3
26 Oct 22
we expected the recovery in travel spending to be a tailwind for us, but the strength of the rebound has exceeded our expectations throughout the year
(No comment added)
Transcript
2022 Q3
26 Oct 22
Card Member spending remained at near record levels in the quarter.
(No comment added)
Transcript
2022 Q3
26 Oct 22
quarterly billed business.
(No comment added)
Transcript
2022 Q2
22 Jul 22
we're about 80% of where we were from a corporate card perspective, but yet only 60% from a travel perspective.
(No comment added)
Transcript
2022 Q2
22 Jul 22
When you look at our small business base, probably over 80% of their spending is B2B spending versus T&E spending.
(No comment added)
Transcript
2022 Q2
22 Jul 22
if you're just going to measure value through a quarterly EPS growth, you're missing the point. What you need to measure value is on how sustainable your business model is over the long term. And all we're doing is enhancing our business model over the long term with these investments.
(No comment added)
Transcript
2022 Q2
22 Jul 22
this enclosed cycle that we have, otherwise known as the famous closed loop, the ability to have those merchants and have those Card Members and to be able to feed off one another from a value perspective is really, really critical.
(No comment added)
Transcript
2022 Q2
22 Jul 22
the consensus macroeconomic forecast and how it evolves is going to have a big influence on what we book for credit reserves.
(No comment added)
Transcript
2022 Q2
22 Jul 22
the wildcard from a GAAP EPS perspective in all this is the volatility that you've seen so much of in the last 10 quarters in the CECL credit reserves
(No comment added)
Transcript
2022 Q2
22 Jul 22
I expect to be above that -- easily above the 10% level on revenue growth next year. How much? Don't know. We'll have to see.
(No comment added)
Transcript
2022 Q2
22 Jul 22
We're also growing our pretax pre-provision profit by 27% this quarter, in line with the 31% revenue growth.
(No comment added)
Transcript
2022 Q2
22 Jul 22
And they also tend to use our pay and plan it feature a little bit more, which is -- and I'll use these words, buy now, pay later, but on the back end as opposed to a point of sale. I mean, they can go on to their statement and decide, look, for this particular charge, I'm going to pay it in 6 installments, and I'm going to pay it at $100 a month. But I'm going to pay the rest of my balance in full.
(No comment added)
Transcript
2022 Q2
22 Jul 22
millennials and Gen Zs, they are higher spending, higher credit quality. And there is a propensity to carry balances that is a little higher than what we see in the older demographic.
(No comment added)
Transcript
2022 Q2
22 Jul 22
For new Card Members, that capability is on as it is as they get the card.
(No comment added)
Transcript
2022 Q2
22 Jul 22
we have moved over the last couple of years, Rick, to add to the majority of our charge products a pay over time capability.
(No comment added)
Transcript
2022 Q2
22 Jul 22
if you took restaurant out, and we just said travel, and travel being defined as car rental, lodging and air, we're not back yet, right? What's pulling T&E over the finish line here to go past that 2019 is truly restaurants.
(No comment added)
Transcript
2022 Q2
22 Jul 22