American Express Company (AXP) Presents at UBS Financial Services Conference 2026 Transcript

Core Insights - The American Express consumer is showing strong spending behavior, with billings growth accelerating in the second half of 2025 compared to the first half [1] Group 1: Consumer Spending Trends - Global consumer spending has been consistently strong throughout the year, ranging between 7% and 8% [2] - There was an uptick in spending in the second half of the year, indicating positive consumer confidence [2] - Travel and Entertainment spending has been particularly robust, with front-of-cabin spend increasing by 9% and lodging at luxury properties rising by 12% [2]