“Yes, I think EPS growth in the range -- in our mid-teens range is absolutely something that should be expected from us.”

In context

“ding of our conference on the prior response. So maybe just a follow-up on Sanjay's question. When you think about the three legs to the stool, if we don't see an acceleration in billings growth, can you maybe just talk about the drivers of EPS growth into 2025? Can you continue to sustain the mid-teens growth even in the face of a challenging -- of a slower than aspirational revenue growth environment? Thank you. Stephen Squeri: I mean, just -- if you look at this year, as I just said, we've had billings growth of pretty much 6% for almost a year now. And so I'll just go back to my comments that I just made to Sanjay. I think at the level of that 6% overall billings growth and we continue to acquire cards, and we continue to upgrade card members, and we continue to grow NII where we are. Yes, I think EPS growth in the range -- in our mid-teens range is absolutely something that should be expected from us. The other thing that I would say is that while we are not -- if you look at this year, we've acquired 3.4 million cards in the first quarter and 3.3 million cards in the second quarter and 3.3 million cards in the third quarter. And that's all about really the future for us. And as the economy gets stronger, these are cohorts and most of these people that we're acquiring are Millennials and Gen-Z. These are cohorts that will continue to grow with us. That we'll see an uptick in organic spending over time. That will wind up being upgraded from a green to a gold to gold to a platinum and so forth. And so once again, I think that we are really laying the foundation with the investments that we're making for strong growth going forward. Christophe Le Caillec: Maybe I will just add one point.”