We've seen that in our results as restaurants continue to be the largest and one of the fastest growing T&E categories in the third quarter.

Oct 20, 2023 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2023-10-20 | transcript 5e1e9231-851e-4c20-a7a7-ef11c3713307 | chars 4805-4945 | segment 4

Stronger spending growth outside the US and in T&E offset some softness in US small business spending.

Apr 20, 2023 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2023-04-20 | transcript 327afe3f-6ad7-459e-be79-58499488bd97 | chars 2395-2497 | segment 2

T&E spending was up 39% year over year on an FX adjusted basis due to the grow over effect through the grow over benefit from the impact of the Omicron variant in last year's results.

Apr 20, 2023 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2023-04-20 | transcript 327afe3f-6ad7-459e-be79-58499488bd97 | chars 2738-2921 | segment 2

We saw strong demand across all T&E categories and customer types.

Apr 20, 2023 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2023-04-20 | transcript 327afe3f-6ad7-459e-be79-58499488bd97 | chars 2922-2988 | segment 3

Consumer travel demand also remains high, with Q1 bookings through our consumer travel business reaching their highest levels since pre-pandemic.

Apr 20, 2023 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2023-04-20 | transcript 327afe3f-6ad7-459e-be79-58499488bd97 | chars 3307-3452 | segment 3

Particularly noteworthy is the strength we're seeing in T&E spending in our international markets, which exceeded pre-pandemic levels for the first time this quarter on an FX-adjusted basis.

Oct 21, 2022 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2022-10-21 | transcript 555b41d8-12a3-4998-8beb-708d214c8751 | chars 3082-3272 | segment 3

As we said earlier this year, 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.

Oct 21, 2022 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2022-10-21 | transcript 555b41d8-12a3-4998-8beb-708d214c8751 | chars 2719-2900 | segment 2

As you'll recall, our international businesses were among the fastest growing prior to the pandemic. As more countries relaxed their cross-border travel policies and life returns to normal, we see tremendous opportunities for growth in key regions despite ongoing macroeconomic geopolitical uncertainties.

Oct 21, 2022 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2022-10-21 | transcript 555b41d8-12a3-4998-8beb-708d214c8751 | chars 5962-6267 | segment 5

Non-T&E spending recovered to pre-COVID levels in Q3 and continued to grow throughout the holiday season in Q4.

Jan 26, 2021 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2021-01-26 | transcript e208d0b8-4d47-47cb-ae82-b7bb9209a24d | chars 3849-3960 | segment 3

In fact, non-T&E spending in the quarter, which has long accounted for the large majority of our volumes, was up slightly year over year.

Oct 23, 2020 / CEO / receipt, needs a key / Steve Squary, CEO | earnings call 2020-10-23 | transcript 516e7b09-cff4-4fb1-a9e0-4706aad8309b | chars 2618-2755 | segment 2