American Express Announces Strong Q1 2025 Financial Performance

The American Express Company has reported a notable 7% increase in its first-quarter revenues for fiscal 2025, reaching $16.96 billion. This growth underscores the company's solid financial health and its ability to navigate the current economic landscape effectively.

Net Income and EPS Show Positive Trends

Net income saw a 6% rise year-over-year, totaling $2.5 billion. Additionally, diluted earnings per share (EPS) experienced a 9% increase, from $3.33 to $3.64 per share, compared to the same period last year. American Express is optimistic about its full-year EPS, projecting it to be between $15.00 and $15.50.

CEO Stephen Squeri Highlights Premium Customer Base Strength

"Our first-quarter results reflect the strength of our premium customer base," stated CEO Stephen Squeri. He noted an 8% year-over-year growth in FX-adjusted revenue, or 9% excluding the leap year impact, reaching $17.0 billion. Total Card Member spending grew by 6%, or 7% excluding the leap year impact, demonstrating sustained consumer confidence and spending.

Despite the positive financial update, American Express's stock saw a 1.15% decline in premarket trading following the announcement.