American Express Company has announced its financial results for the second quarter, highlighting a record revenue of $17.9 billion, which marks a 9% increase compared to the previous year. The company reported a net income of $2.9 billion, slightly down from last year's $3.0 billion. Earnings per share were recorded at $4.08, a 2% decrease from $4.15 the previous year, but there was a 17% increase when excluding the $0.66 gain from the prior year's sale of Accertify. The company also reported a 7% increase in Card Member spending, setting a quarterly high. The effective tax rate decreased to 18.7% from 20.4% the previous year, influenced by discrete tax benefits related to the resolution of prior year tax items. Looking ahead, American Express reaffirmed its full-year guidance, projecting revenue growth of 8 to 10% and earnings per share of between $15.00 and $15.50. The company expressed confidence in sustaining its leadership in the premium space with upcoming product refreshes, particularly the U.S. Consumer and Business Platinum Cards.