How AmEx's U.S. Consumer Services Unit Sustains its Growth Momentum

Key Takeaways AmEx USCS revenue rose 11% to $34.8B in 2025, with pretax income up 7% on higher spending.AmEx saw 8% billed business growth, led by Gen-X, Millennials and fast-growing Gen-Z users.AmEx credit quality improved, with net write-off rate at 1.1% despite a 2% drop in receivables.American Express Company (AXP) continues to see steady momentum in its U.S. Consumer Services (“USCS”) segment, driven by a strategy centered on premium customers, younger card members and fee-based products. In 2025, its ...