Summary
American Express Company (AXP) reported solid financial results for the first quarter of 2025, demonstrating continued strength in its premium customer base and robust business performance. Total revenues net of interest expense grew by 7% (8% on a foreign currency-adjusted basis) to $16.97 billion, driven by strong billed business growth and increased net card fees. Net income rose 6% to $2.58 billion, translating to diluted earnings per share of $3.64, a 9% increase year-over-year. The company maintained a strong credit profile with stable net write-off and delinquency rates, underscoring the quality of its customer base and effective risk management. AXP also demonstrated its commitment to shareholder returns, returning $1.3 billion through dividends and share repurchases while maintaining its Common Equity Tier 1 (CET1) capital ratio within its target range.
Financial Highlights
37 data points| Revenue | $9.63B |
| Net Income | $2.58B |
| EPS (Basic) | $3.64 |
| EPS (Diluted) | $3.64 |
| Shares Outstanding (Basic) | 701.00M |
| Shares Outstanding (Diluted) | 702.00M |
Key Highlights
- 1Total revenues net of interest expense increased by 7% to $16.97 billion, with an 8% increase on a foreign currency-adjusted basis.
- 2Net income grew by 6% to $2.58 billion, and diluted earnings per share rose by 9% to $3.64.
- 3Billed business increased by 6% year-over-year, reflecting continued spending by its premium customer base.
- 4Net card fees saw a significant 18% increase, indicating strong new card acquisitions and customer retention.
- 5Provisions for credit losses decreased by 9% due to a modest reserve release, while net write-off and delinquency rates remained stable and best-in-class.
- 6The company returned $1.3 billion to shareholders through share repurchases and dividends.
- 7Common Equity Tier 1 (CET1) capital ratio remained strong at 10.7%, within the company's target range of 10-11%.