American Express Co.

Strong Financial Performance: American Express reported Q1 2025 revenues of $17 billion, reflecting an 8% year-over-year growth (9% excluding leap year impact) and net income of $2.6 billion, equivalent to $3.64 per share. Total card member spending grew by 6%, with retention remaining high and credit performance remaining excellent, as delinquency and write-off rates were below pre-pandemic levels.

Revenue and EPS Guidance: The company maintains its full-year revenue growth guidance of 8% to 10% and earnings per share (EPS) guidance of $15 to $15.50, incorporating an anticipated peak unemployment rate of 5.7%. Management is confident in achieving these targets despite increased macroeconomic uncertainty.

Investment in Technology and Product Development: American Express is committed to investing in technology and refreshing its product lineup, with over 150 products enhanced in the past five years. This strategic initiative aims to strengthen customer relevance and increase engagement, which is expected to contribute to organic spending growth over time.