American Express Q1 Financial Highlights

The American Express Company has kicked off fiscal 2025 with impressive financial results, announcing a 7% increase in first-quarter revenues, reaching $16.96 billion.

Net income saw a 6% rise year-over-year, totaling $2.5 billion, while diluted earnings per share (EPS) climbed 9% from $3.33 to $3.64. The company is optimistic about its full-year performance, projecting EPS to land between $15.00 and $15.50.

CEO's Perspective on Growth

"Our first-quarter performance underscores the strength of our premium customer base," stated CEO Stephen Squeri. He highlighted an 8% year-over-year increase in FX-adjusted revenue, or 9% when excluding the leap year impact, amounting to $17.0 billion. Additionally, total Card Member spending grew by 6%, or 7% without the leap year effect.

Market Reaction

Following the announcement, American Express shares experienced a slight dip, trading 1.15% lower in premarket activity.