American Express Q3 Earnings Surge on Platinum Card Demand and Spending Confidence
TL;DR Summary
American Express reported better-than-expected earnings driven by strong demand for its revamped Platinum card, which doubled its US account acquisitions and included new perks and a higher fee. The company raised its full-year revenue and earnings guidance, with increased customer engagement and improved credit quality, despite higher expenses and competitive pressures.
- Amex Earnings Top Estimates as Platinum Card Demand Surges Bloomberg.com
- Wealthy millennial, Gen Z Platinum members drive American Express to record revenue: 'very comfortable paying for its exceptional value' Fortune
- American Express Third-Quarter Sales Rise as Cardholders Regain Spending Confidence The Wall Street Journal
- American Express sees credit card spending accelerate, fueling a profit beat and raise MarketWatch
- American Express raises lower end of 2025 guidance range after Q3 earnings beat (AXP:NYSE) Seeking Alpha
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