“Our plan calls for quarterly EPS to grow sequentially through the year as our revenue growth continues.”

In context

“ief Financial Officer, will provide a more detailed review of our financial performance. After that, we'll move to a Q&A session on the results with both Steve and Jeff. With that, let me turn it over to Steve. Steve Squeri: Thanks, Kerri. Good morning, everyone, and thanks for joining us today on our first quarter earnings call. Back in January, we laid out our guidance for 2023 of 15% to 17% revenue growth and double-digit earnings per share growth. Our first quarter results are tracking to this full year guidance. Revenues were a record $14.3 billion in the quarter, up 22%, which is well above our full year expectations. Stronger spending growth outside the U.S. and in T&E offset some softness in U.S. small business spending. EPS came in a bit higher than our original plan expectation. Our plan calls for quarterly EPS to grow sequentially through the year as our revenue growth continues. Billed business was up 16% globally year-over-year on an FX-adjusted basis. T&E spending was up 39% year-over-year on an FX adjusted basis due to the grow over effect – due to grow over benefit from the impact of the Omicron variant in last year's results. We saw strong demand across all T&E categories and customer types. Spending at restaurants continues to be a bright spot with growth accelerating to 28% on an FX adjusted basis year-over-year. In fact, March was a record month for reservations booked through our Resy platform. The platform now has more than 40 million users globally, an increase of 5 million in the last six months. Consumer travel demand also remains high with Q1 bookings through our consumer travel business reaching their highest levels since pre-pandemic. As you'll re”