“Currently, we're refreshing between 35 and 50 products a year and we're planning to maintain that pace in 2025 along with other enhancements to our membership model for both our consumer and commercial customers.”

In context

“cross our top five countries, which represent almost a third of the revenues outside the US. International SME in particular is growing off a small base and with the differentiated products and capabilities we offer, we have an opportunity to continue our rapid growth in this part of our business. The long runway for growth we see both in international consumer and SME coupled with the opportunities we have to continue expanding our merchant coverage across the globe gives us confidence that we can sustain our growth trajectory outside the US. So as we look at this year and beyond, we're going to continue with our strategy of investing at high levels in innovative value propositions, marketing and technology to drive growth. This includes our ongoing focus on our product refresh strategy. Currently, we're refreshing between 35 and 50 products a year and we're planning to maintain that pace in 2025 along with other enhancements to our membership model for both our consumer and commercial customers. Turning to guidance for the year. We expect 2025 revenue growth of 8% to 10% and EPS of $15 to $15.50 or a 12% to 16% increase over 2024 adjusted for the Accertify Gain. Regarding our thinking and establishing this year's guidance, as we've said, Card Member spending is the largest component of our total revenues. In putting our plan together, our assumption had been that steady billings growth we saw through most of 2024 would continue in 2025. But the fourth quarter spend numbers were stronger than we expected. While it's too soon to tell how this year will play out, we're encouraged by that increased momentum we saw exiting 2024. For now, we're assuming 2025 billings growth will be similar to full year 2024 number. However, if spend growth continues at the elevated Q4 level throughout”