We'll exercise disciplined expense management using the various levers in our business model to maintain financial flexibility. And we'll continue to invest strategically for the long term in areas that strengthen our foundational capabilities, such as technology, control management, and customer acquisition, as well as capitalizing on opportunities that emerge for expanding our membership model with new and enhanced products, services, and experiences.

Apr 17, 2025 / CEO / receipt, needs a key / Steve Squeary, CEO | earnings call 2025-04-17 | transcript a101aafb-54c5-4c39-9841-5eb37227ee5c | chars 5622-6079 | segment 5

In T&E, while we saw a sequential slowdown in airline billings growth, billings in restaurants and lodging remained strong in the quarter, and overall T&E growth was in line with the steady levels we saw through most of last year.

Apr 17, 2025 / CEO / receipt, needs a key / Steve Squeary, CEO | earnings call 2025-04-17 | transcript a101aafb-54c5-4c39-9841-5eb37227ee5c | chars 2607-2837 | segment 2

While it's still very early in the second quarter, Through the first week and a half in April, overall spending levels have remained consistent with what we saw in the first quarter in both goods and services and T&E and across all customer segments.

Apr 17, 2025 / CEO / receipt, needs a key / Steve Squeary, CEO | earnings call 2025-04-17 | transcript a101aafb-54c5-4c39-9841-5eb37227ee5c | chars 3189-3439 | segment 3