Core Insights - American Express Company (AXP) is a leading integrated payments company with a market cap of $252 billion, operating across various segments including U.S. Consumer Services and Global Merchant Services [1] Financial Performance - AXP stock has outperformed the broader market, with a year-to-date increase of 23.2% and a 52-week increase of 23.9%, compared to the S&P 500 Index's gains of 14.3% and 13.4% respectively [2] - The company reported a significant 7.3% increase in stock prices following the release of Q3 results, with an 8% organic growth in card spending contributing to record quarterly revenues [4] - For Q3, AXP's topline increased by 11% year-over-year to $18.4 billion, exceeding expectations by 2.4%, while adjusted EPS rose 18.6% year-over-year to $4.14, beating consensus estimates by 4.6% [5] Market Position and Guidance - The demand for U.S. Consumer and Business Platinum Cards has exceeded expectations, reinforcing AXP's leadership in the premium credit card segment [4] - Analysts project an adjusted EPS of $15.43 for the full fiscal 2025, representing a 15.6% year-over-year increase, with a strong earnings surprise history [6] - The consensus rating among 30 analysts covering AXP stock is a "Moderate Buy," reflecting a more optimistic outlook compared to previous assessments [6][7]

Core Insights - American Express Co reported better-than-expected third-quarter 2025 results, with revenue growth of 11% year-over-year to $18.43 billion, surpassing analyst estimates of $18.05 billion. Adjusted EPS was $4.14, exceeding the consensus estimate of $4.00 [1] Revenue Outlook - The company raised its full-year 2025 revenue outlook to $71.88 billion-$72.54 billion, indicating a 9%-10% year-over-year increase, compared to the previous guidance of $71.22 billion-$72.54 billion and the analyst consensus estimate of $71.60 billion [2] EPS Guidance - American Express also increased its EPS guidance to $15.20-$15.50 from the prior range of $15.00-$15.50, compared to the analyst consensus of $15.33 [2] Product Launch Success - The successful launch of updated U.S. Consumer and Business Platinum Cards has reinforced the company's leadership in the premium space, with initial customer demand and engagement exceeding expectations, leading to a doubling of new U.S. Platinum account acquisitions compared to pre-refresh levels [3] Stock Performance - Following the earnings announcement, American Express shares gained 0.2%, trading at $347.39 [3] Analyst Ratings and Price Targets - BTIG analyst Vincent Caintic maintained a Sell rating on American Express but raised the price target from $277 to $307. Barclays analyst Terry Ma maintained an Equal-Weight rating and increased the price target from $336 to $355 [5]

Core Insights - American Express Co reported better-than-expected third-quarter 2025 results, with revenue growth of 11% year-over-year to $18.43 billion, surpassing analyst estimates of $18.05 billion. Adjusted EPS was $4.14, exceeding the consensus estimate of $4.00 [1] Revenue Outlook - The company raised its full-year 2025 revenue outlook to $71.88 billion-$72.54 billion, indicating a 9%-10% year-over-year increase, compared to the previous guidance of $71.22 billion-$72.54 billion and the analyst consensus estimate of $71.60 billion [2] EPS Guidance - American Express also increased its EPS guidance to $15.20-$15.50 from the prior range of $15.00–$15.50, compared to the analyst consensus of $15.33 [2] Product Launch Success - The successful launch of updated U.S. Consumer and Business Platinum Cards has reinforced the company's leadership in the premium space, with initial customer demand and engagement exceeding expectations, leading to a doubling of new U.S. Platinum account acquisitions compared to pre-refresh levels [3] Stock Performance - Following the earnings announcement, American Express shares gained 0.2% to trade at $347.39 [3] Analyst Ratings and Price Targets - BTIG analyst Vincent Caintic maintained a Sell rating on American Express but raised the price target from $277 to $307. Barclays analyst Terry Ma maintained an Equal-Weight rating and increased the price target from $336 to $355 [5]

Financial Performance - Revenue increased by 11% to $18426 million in Q3'25 compared to $16636 million in Q3'24[9] - EPS increased by 19% to $414 in Q3'25 compared to $349 in Q3'24[9] - Net card fees increased by 18% to $2551 million versus Q3'24, driven by growth in premium card portfolios[40, 81] - The company is raising FY2025 guidance to 9-10% revenue growth and EPS of $1520 - $1550[4] Billed Business Growth - Total billed business increased by 8% FX-adjusted in Q3'25[11] - U S Consumer Services billed business increased by 9% year-over-year in Q3'25[14] - International Card Services billed business increased by 13% year-over-year in Q3'25[19] Customer Acquisition and Engagement - Proprietary new cards acquired reached 32 million in Q3'25[24] - 72% of global new accounts acquired were on fee-paying products[24] - American Express cards are accepted at an estimated 160 million merchant locations worldwide, a nearly 5x increase since 2017[4] Credit Metrics - Reserves as a % of total loans & CM receivables is 29%[38] - 30+ Days Past Due is 13% of Card Member Loans and Receivables[33]

Core Insights - American Express has introduced significant enhancements to its U.S. Consumer and Business Platinum Cards, which are now available immediately [1] - The updated Platinum Cards provide expanded lifestyle and business benefits, offering access to over $3,500 in annual value [1] - A limited-edition mirror card design has also been launched as part of these enhancements [1] Summary by Category Lifestyle Benefits - The enhancements build on existing benefits for Consumer and Business Platinum Card Members, providing even more value in relevant categories such as travel, dining, and entertainment [1] Business Benefits - The updated cards are designed to cater to both consumer and business needs, reflecting a focus on maximizing value for cardholders [1]