American Express Company reported strong financial results for the third quarter of 2025, with total revenues net of interest expense reaching $18.4 billion, an increase of 11% from $16.6 billion in the same period last year. The company’s net income also rose to $2.9 billion, or $4.14 per diluted share, compared to $2.5 billion, or $3.49 per diluted share, in the prior year, reflecting a 16% increase in profitability. For the nine months ended September 30, 2025, total revenues net of interest expense were $53.2 billion, up 9% from $48.8 billion in 2024, while net income for the same period increased to $8.4 billion from $8.0 billion.

The company experienced notable growth in billed business, which rose by 9% year-over-year, driven by strong retail spending and a rebound in travel and entertainment (T&E) spending, which grew by 8%. American Express reported a 7% increase in total loans and Card Member receivables, totaling $216.4 billion as of September 30, 2025. The company also saw a decrease in provisions for credit losses, which fell to $1.3 billion from $1.4 billion a year earlier, indicating improved credit performance and stability in its premium customer base.

Strategically, American Express launched refreshed U.S. Consumer and Business Platinum Cards during the quarter, which have been met with strong demand. The company acquired 3.2 million new proprietary cards, reflecting its ongoing efforts to attract younger demographics, particularly Millennials and Gen-Z consumers. Additionally, American Express reported a 14% increase in customer deposits, totaling $149.9 billion, as it continues to expand its funding base.

Looking ahead, American Express expressed confidence in its Membership-focused business model and product refresh strategy, despite recognizing potential challenges from geopolitical and macroeconomic uncertainties. The company plans to maintain its Common Equity Tier 1 (CET1) capital ratio within its target range of 10% to 11% while continuing to return excess capital to shareholders through dividends and share repurchases. In the third quarter, American Express returned $2.9 billion to shareholders, including $2.3 billion in share repurchases and $567 million in dividends.

About AMERICAN EXPRESS CO

American Express Company is a leading global payments firm specializing in credit and charge card services, merchant acquiring, and payment processing. With a diverse product range, including travel and lifestyle services, it targets consumers, small businesses, and corporations. The company is focused on enhancing customer engagement through innovative rewards and digital solutions. Significant initiatives include expanding merchant acceptance and leveraging technology for fraud prevention and customer insights.

This description was generated via AI from an annual report. Updated 8 months ago.

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