Overview
- Adjusted EPS rose to $4.14 on record revenue of $18.43 billion, topping consensus as sales grew 11% year over year.
- Full-year outlook increased to EPS of $15.20–$15.50 with revenue growth of 9%–10%, up from a prior 8%–10% range.
- The Platinum refresh generated about 500,000 conversion requests in three weeks and doubled new U.S. Platinum acquisitions, with the annual fee now $895.
- Card Member spending climbed 9% to $421.0 billion as net card fees rose 18% to $2.55 billion and all major segments posted growth.
- Credit provisions eased to $1.3 billion with a flat 1.9% net write-off rate, and shares gained more than 6% toward a record high.