American Express Q2 Earnings Surge

American Express (NYSE:AXP) reported Q2 2025 results on July 18, with revenues of $17.9 billion (up 9% year over year) and earnings per share of $4.08 (up 17% excluding last year's gain from the sale of Certified). The company reaffirmed its full-year revenue growth guidance range of 8% to 10% and EPS guidance of $15 to $15.50, while highlighting record net card fees, a strong premium portfolio, and the impending refresh of U.S. Platinum cards.

Net card fees reached a new high, up 20% on an FX-adjusted basis, and fee revenue has more than doubled since 2019, driven primarily by premium product penetration and strong retention.

Premium-led growth in fee-based products and resilience across customer cohorts reinforces the predictability of recurring revenue streams and enhances the long-term stability of the business amid broader economic cycles.

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Source Fool.com