Strong Financial Performance: American Express reported record revenues of $17.9 billion for Q2 2025, marking a 9% year-over-year increase. Earnings per share (EPS) were $4.08, up 17% when excluding last year's gain from the sale of the certified. This performance allows the company to reaffirm its full-year revenue growth and EPS guidance of 8% to 10% and between $15 to $15.50, respectively.

Consumer Spending Trends: Total card member spending rose by 7%, with strong growth in goods and services. However, a noticeable slowdown in airline and lodging spending was observed, indicating potential challenges in those segments. The company is closely monitoring consumer behavior, particularly among Millennials and Gen Z, who continue to show strong spending trends.

Premium Card Market Leadership: The upcoming refresh of the U.S. consumer and business platinum cards is anticipated to enhance American Express's competitive edge in the premium card market. The company has a strong track record of product refreshes driving significant account growth and revenue¡ªrecent refreshes have resulted in increases of over 30% in revenue and 60% in card fee revenues.