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AXP Stock Now Up 1.6%
American Express shares are up 1.6% in premarket trading as of 7:23 a.m. ET following the release of Q2 earnings this morning.
Here are some highlights from the quarter that Wall Street is watching closely:
- American Express Hits Record Revenue in Q2 with $17.9 Billion
- AmEx’s Adjusted EPS Surges 17%, Beating Estimates
- Card Member Spending Reaches New Heights, Up 7% Year-Over-Year
- American Express Reaffirms Strong Full-Year Guidance
- CEO Squeri Confident in Premium Card Market Leadership
Executive Quotes
“Our second-quarter results continued the strong momentum we have seen in our business over the last several quarters, with revenues growing 9 percent year-over-year to reach a record $17.9 billion, and adjusted EPS rising 17 percent.”
– Stephen J. Squeri
“Looking at the upcoming refresh of our U.S. Consumer and Business Platinum Cards this fall, we are confident in our ability to sustain our leadership in the premium space, drawing on our competitive strengths.”
– Stephen J. Squeri
American Express (NYSE: AXP) just released earnings and beat on the top and bottom line. Shares are up about 1% shortly after their earnings release.
We’ll be following along Wall Street’s reaction and offering analysis of the company’s Q2 earnings in this live blog.
What Did American Express Report?
American Express reported record second-quarter revenue of $17.9 billion, marking a 9% increase year-over-year. The company achieved an adjusted earnings per share (EPS) of $4.08, which is a 17% increase when excluding the previous year’s gain from the sale of Accertify.
Despite a slight decline in net income to $2.9 billion from $3.0 billion the previous year, card member spending reached a quarterly high, increasing by 7%. The company reaffirmed its full-year 2025 guidance, expecting revenue growth between 8% and 10% and EPS between $15.00 and $15.50. CEO Stephen J. Squeri highlighted the strong demand for premium products and robust credit performance. American Express plans to refresh its U.S. Consumer and Business Platinum Cards, aiming to maintain its leadership in the premium space.
The Numbers That Matter
Here’s the revenue and EPS figures for American Express relative to Wall Street expectations in Q2:
- Revenue: $17.9 billion (versus expectations of $17.7 billion)
- EPS: $4.08 (versus expectations of $3.88 per share)
The post Live: American Express Q2 Earnings Updates appeared first on 24/7 Wall St..
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Author: Eric Bleeker
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