Summary
American Express Company (AXP) reported a strong third quarter of 2025, with net income of $2.9 billion, or $4.14 per diluted share, representing a 16% increase year-over-year. Total revenues net of interest expense grew 11% to $18.4 billion, driven by a 9% increase in billed business globally. This growth was propelled by robust spending across all regions and customer segments, with particular strength in U.S. Consumer Services and International Card Services. The company highlighted successful new product launches, such as the refreshed U.S. Consumer and Business Platinum Cards, which have seen strong early demand. Credit quality remains a key strength, with net write-off and delinquency rates stable and best-in-class, supported by a premium global customer base and disciplined risk management. Provisions for credit losses decreased by 5% year-over-year, reflecting a lower reserve build despite higher net write-offs. The company also returned significant capital to shareholders, totaling $2.9 billion through share repurchases and dividends, while maintaining its Common Equity Tier 1 (CET1) capital ratio within its target range of 10-11%. American Express expressed confidence in its membership-focused business model and its ability to navigate the evolving macroeconomic and competitive landscape.
Financial Highlights
39 data points| Revenue | $10.41B |
| Net Income | $2.90B |
| EPS (Basic) | $4.14 |
| EPS (Diluted) | $4.14 |
| Shares Outstanding (Basic) | 692.00M |
| Shares Outstanding (Diluted) | 693.00M |
Key Highlights
- 1Net income increased by 16% to $2.9 billion, or $4.14 per diluted share, for the third quarter of 2025 compared to the prior year.
- 2Total revenues net of interest expense grew by 11% to $18.4 billion, driven by a 9% increase in billed business globally.
- 3Billed business growth accelerated to 9% year-over-year, with particularly strong performance in International Card Services (up 14% reported).
- 4Credit quality remains robust, with net write-off and delinquency rates stable and best-in-class.
- 5Provisions for credit losses decreased by 5% to $1.3 billion, primarily due to a lower reserve build.
- 6The company repurchased $2.3 billion of common stock and paid $0.6 billion in dividends during the quarter, returning a total of $2.9 billion to shareholders.
- 7The Common Equity Tier 1 (CET1) capital ratio was maintained at 10.5%, within the target range of 10-11%.