Amex Q2 Card Member Spending Hits Record, Card Fees Soar

American Express Co. (NYSE:AXP) reported fiscal second-quarter 2025 results on Friday, surpassing analyst estimates for both revenue and adjusted earnings per share.

The company reported quarterly revenue (net of interest expense) growth of 9% year-over-year to $17.86 billion, topping the analyst consensus estimate of $17.71 billion. 

The revenue increase was primarily driven by strong Card Member spending, higher net interest income supported by growth in revolving loan balances, and accelerated card fee growth.

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Adjusted EPS also exceeded projections, coming in at $4.08 against an analyst consensus of $3.87.

Delving into segments, Card Member spending, or Billed Business, rose 7% ...