Overview

• American Express delivered $4.08 of adjusted earnings per share for Q2, surpassing the $3.89 analysts expected.
• Revenue climbed 9% year-over-year to $17.9 billion, driven by a 7% surge in spending from affluent cardmembers.
• Total cardmember spending reached a record $416.3 billion, reflecting strong demand for premium travel and lifestyle perks.
• Provisions for credit losses rose modestly to $1.4 billion, while delinquency and net charge-off rates remained at industry-leading lows.
• The company reaffirmed its 2025 targets of 8–10% revenue growth and $15.00–$15.50 EPS as it readies its biggest-ever Platinum card refresh.