随着高收入消费者持续消费，美国运通收入增长

Core Viewpoint - American Express reports an increase in spending among high-income customers on dining and luxury goods, along with a strong demand for its premium credit cards [2][7]. Group 1: Consumer Spending Trends - In the fourth quarter, restaurant spending grew by 9%, retail spending increased by 10%, and luxury merchant spending rose by 15%, indicating strong consumer strength [2][7]. - The company remains optimistic about consumer behavior, as stated by CEO Stephen Squeri, highlighting a stable and robust customer base [2][7]. Group 2: Product Demand and Strategy - American Express targets affluent consumers willing to pay high annual fees for premium credit cards, with a notable demand for the updated personal and business Platinum cards [3][8]. - The company has seen a significant increase in the sales of Platinum cards during the holiday season, contributing to the growth of its high-end product segment [3][8]. Group 3: Financial Performance - In the fourth quarter, net income reached $2.46 billion, with earnings per share of $3.53, up from $2.17 billion (or $3.04 per share) in the same period last year [4][10]. - Revenue grew by 10% year-over-year to $18.98 billion, driven by increased cardholder spending, higher credit card fee income, and rising interest income from revolving loan balances [4][10]. - The company expects revenue growth of 9% to 10% in 2026, with projected earnings per share between $17.30 and $17.90 [5][11]. Group 4: Shareholder Returns - American Express announced a 16% increase in its quarterly dividend to $0.95 per share, effective in the first quarter of the following year [5][11].