The call highlighted strong financial performance with record revenues and EPS growth, driven by successful premium product strategies and strong credit performance. However, challenges in the travel category spend and increased provision expenses due to a worsening macroeconomic outlook were noted. Despite these challenges, the reaffirmation of full-year guidance and strategic initiatives in premium products and international growth underpin a strong outlook.

Company Guidance -

Q3 2025

During the American Express Q2 2025 earnings call, the company reported record revenues of $17.9 billion, an increase of 9% year-over-year, and earnings per share of $4.08, which were up 17% excluding the previous year's gain from the sale of the certified. Total card member spending grew by 7%, consistent with the annual pattern, despite softer spending in certain travel categories. The company reaffirmed its full-year guidance of 8% to 10% revenue growth and EPS between $15 and $15.50. Additionally, American Express highlighted its strong performance in the Fed's annual CCAR process, maintaining the lowest permissible stress capital buffer requirement of 2.5% and achieving the lowest projected credit card loss and highest profitability rates among all banks subject to CCAR. Looking forward, the company expressed optimism about the upcoming refresh of its US consumer and business platinum cards, emphasizing its leadership in the premium card category and the growing global market for premium products.

Record-Breaking Revenue

Revenues reached a record $17.9 billion, up 9% year over year.

Earnings Per Share Growth

Earnings per share were $4.08, up 17% excluding last year's gain from the sale of the certified.

Strong Card Member Spending

Total card member spending was up 7%, maintaining consistent growth throughout the year.

Premium Product Success

Recent refreshes of US consumer gold, Delta, and Hilton cards drove double-digit account growth, with revenue growth in each of the three portfolios up over 30%.

Strong Credit Performance

Q2 delinquency and write-off rates remained low, with delinquency rates flat to Q1 while write-off rates declined.

International Business Growth

International business continued to grow in double digits, up 12% FX adjusted in the quarter.

American Express (AXP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AXP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 17, 2025	2025 (Q3)	3.96 / -	3.49	―	―	―
Jul 18, 2025	2025 (Q2)	3.89 / 4.08	4.15	-1.69% (-0.07)
Apr 17, 2025	2025 (Q1)	3.47 / 3.64	3.33	9.31% (+0.31)
Jan 24, 2025	2024 (Q4)	3.03 / 3.04	2.62	16.03% (+0.42)
Oct 18, 2024	2024 (Q3)	3.29 / 3.49	3.3	5.76% (+0.19)
Jul 19, 2024	2024 (Q2)	3.26 / 4.15	2.89	43.60% (+1.26)
Apr 19, 2024	2024 (Q1)	2.96 / 3.33	2.4	38.75% (+0.93)
Jan 26, 2024	2023 (Q4)	2.64 / 2.62	2.07	26.57% (+0.55)
Oct 20, 2023	2023 (Q3)	2.95 / 3.30	2.47	33.60% (+0.83)
Jul 21, 2023	2023 (Q2)	2.81 / 2.89	2.57	12.45% (+0.32)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AXP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 18, 2025	$315.35	$307.95	-2.35%
Apr 17, 2025	$252.28	$250.68	-0.63%
Jan 24, 2025	$323.97	$319.47	-1.39%
Oct 18, 2024	$283.45	$274.53	-3.15%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.