Today, American Express reported a strong first-quarter revenue of $17.0 billion, a 7% increase from 2024. Despite market uncertainty, the company upholds its full-year revenue and EPS guidance.
Stephen J. Squeri, Chairman and CEO informed investors: “Our performance across key areas, including Card Member spending, customer retention, demand for our premium products, and credit performance, continued to be strong across our customer base, consistent with and in many cases better than what we saw in 2024.”
“Based on the steady spend and credit trends we have seen to date and the current economic outlook, we are maintaining our full-year guidance for revenue growth of 8 to 10 percent and EPS of $15.00 to $15.50, in line with the ranges we provided in January, subject to the macroeconomic environment,” he added.
Looking ahead, Squeri says the company will focus on “backing our customers and colleagues, exercising disciplined expense management, and strategically investing in our business.”
American Express shares have increased by 4.1% to $263.34 in premarket trading today.
By CEO NA Editorial Staff
