“As a result, we are reaffirming our full-year guidance of revenue growth of 8% to 10%, and earnings per share between $15 and $15.50.”

In context

“ion of dividends and $1.4 billion of share repurchases. In Q1, we increased our dividend by 17%. Based on the CCAR results, our preliminary stress capital buffer requirement remains at 2.5%. The lowest prescribed level allowing us to continue executing our disciplined capital management strategy while returning excess capital to our shareholders. Our business continues to generate very strong returns with an ROE of 36% in the quarter, providing us with capital flexibility. That brings me to our 2025 guidance. We're now halfway through the year having delivered 9% FX adjusted revenue growth and EPS of $7.71. Trends across the business have been largely stable. While there continues to be uncertainty in how the coming quarters will play out, we have increased confidence in our path forward. As a result, we are reaffirming our full-year guidance of revenue growth of 8% to 10%, and earnings per share between $15 and $15.50. With that, I'll turn the call back over to Kartik and we'll take your questions. Kartik Ramachandran: Thank you, Christophe. Before we open up the lines for Q&A, I will ask those in the queue to please limit yourself to just one question. Thank you for your cooperation. And with that, the operator will now open the line for questions. Operator: Our first question comes from Sanjay Sakhrani of KBW. Please go ahead. Sanjay Sakhrani: Thank you. Good morning. Stephen, Christophe, I know build business trends have been pretty resilient in the face of this uncertainty on the macro side. I'm just curious how you guys are planning for maybe just the intermediate term on spending trends. I assume it's stable, but what gets things going? I know SMB has been sort of the hardest hit, airline spend as”