American Express Company ( (AXP) ) has released its Q1 earnings. Here is a breakdown of the information American Express Company presented to its investors.
American Express Company, a global leader in premium payments and lifestyle services, has reported strong financial results for the first quarter of 2025. The company, known for its innovative products and extensive global network, continues to serve a diverse range of customers from individuals to large corporations.
In its latest earnings report, American Express announced a 7% increase in total revenues net of interest expense, reaching $17.0 billion. The earnings per share also saw a notable rise of 9%, amounting to $3.64. These results underscore the company’s robust performance in the face of a dynamic economic environment.
Key financial metrics highlighted in the report include a 6% growth in billed business, reaching $387.4 billion, and a net income increase of 6% to $2.6 billion. The company attributed this success to higher net interest income, increased Card Member spending, and strong card fee growth. Additionally, American Express managed to maintain its credit performance with a stable net write-off rate of 2.1%.
Looking ahead, American Express remains optimistic about its growth prospects, maintaining its full-year guidance for revenue growth of 8 to 10% and an EPS range of $15.00 to $15.50. The company plans to continue its focus on long-term strategies, customer support, and disciplined expense management to sustain its market position.
Overall, American Express’s first-quarter results reflect its strategic resilience and commitment to delivering value to its stakeholders, positioning the company for continued success in 2025.