American Express reported stronger-than-expected quarterly earnings, driven by resilient consumer and business spending across its premium cardholder base.
The financial services giant posted a solid increase in both revenue and net income, outperforming analysts’ estimates. Total spending on Amex cards rose significantly, reflecting continued demand for travel, dining, and entertainment—core categories for the company’s affluent customer segment.
“We saw strong momentum across all our customer groups,” said CEO Stephen Squeri. “Our investments in premium value and experiences continue to drive high engagement and loyalty.” 
The company also saw healthy growth in new card acquisitions and higher average cardholder spending, underscoring consumer confidence despite broader economic uncertainties.
Analysts noted that American Express’s ability to tap into high-income demographics has helped it remain relatively insulated from credit risk concerns that have affected other lenders.
Looking ahead, Amex reaffirmed its full-year guidance, citing confidence in sustained demand and strong credit quality across its portfolio. The results reinforce the company’s positioning as a beneficiary of ongoing consumer resilience in the face of inflation and elevated interest rates.
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