By Andrew Welsch
American Express reported earnings per share of $4.14 on record revenue of $18.4 billion, beating Wall Street estimates for earnings of $4 on revenue of $18 billion, according to FactSet.
For the same period a year ago, the company reported earnings of $3.49.
Shares of the global payments and credit card company rose 1% in premarketing trading.
American Express benefited from higher spending among its affluent customers during the third quarter, with credit card member spend growth accelerating to 9%, according to the company. In September, it introduced new perks and increased the annual fee for its popular U.S. consumer and business Platinum cards.
"The initial customer demand and engagement exceeded our expectations, with new U.S. Platinum account acquisitions doubling compared to pre-refresh levels," CEO Stephen J. Squeri said in a statement.
The company said it was revising its full-year guidance for revenue growth to 9% to 10% and earnings of $15.20 to $15.50 a share. Amex previously provided guidance of 8% to 10% for revenue growth and $15 to $15.50 for per-share profit.
"Looking ahead, we are confident in our growth prospects as we continue to execute our proven product refresh strategy and enhance our powerful Membership Model to deliver value for our card members, merchant partners, and shareholders," said Squeri.
Write to Andrew Welsch at andrew.welsch@barrons.com
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October 17, 2025 07:32 ET (11:32 GMT)
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