American Express Co. CEO Steve Squerit speaks on earnings call

American Express Co. CEO Steve Squerit speaks on earnings call

American Express Co. (AXP) reported robust quarterly earnings for the period ending June 30, 2025, with adjusted earnings per share (EPS) of $4.08, exceeding analyst expectations of $3.89 per share. This performance marks a significant improvement over the same quarter last year when EPS was $3.49. Revenue rose by 9.3% to $17.86 billion, surpassing the expected $17.71 billion [1].

On the earnings call, Chairman and CEO Stephen J. Squeri highlighted the company's strong performance, noting that "We saw record Card Member spending in the quarter, demand for our premium products was strong, and our credit performance remained best in class." Total network volume for the quarter reached $472.0 billion, up 7% year-over-year, and total billed business increased to $416.3 billion, up 7% year-over-year [2].

Key financial highlights include:
- EPS: $4.08, beating the consensus of $3.88 per share.
- Revenue: $17.9 billion, exceeding the consensus estimate of $17.7 billion.
- Net Card Fee Revenue: $2.48 billion, up from $2.33 billion in the previous quarter.
- Net Interest Income: $4.19 billion, slightly below the consensus estimate of $4.23 billion.
- Provision for Credit Losses: $1.41 billion, increasing from $1.15 billion in the previous quarter.

Squeri also reaffirmed the company's full-year 2025 guidance for EPS at $15.00-$15.50 and revenue growth of 8%-10%. The company acquired 3.1 million new cards during the quarter, compared to 3.4 million in the prior quarter and 3.3 million in Q2 2024 [2].

American Express shares fell by 1.1% in the quarter but gained 6.3% so far this year. The current average analyst rating on the shares is "hold," with 11 "strong buy" or "buy," 19 "hold," and 1 "sell" or "strong sell" recommendations. Wall Street's median 12-month price target for American Express Co. is $320.00, about 1.5% above its last closing price of $315.35 [1].

References:
[1] Reuters. (2025). American Express Co. reports results for the quarter ended June 30. Retrieved from [https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TF13I:0-american-express-co-reports-results-for-the-quarter-ended-june-30-earnings-summary/](https://www.tradingview.com/news/reuters.com,2025:newsml_L8N3TF13I:0-american-express-co-reports-results-for-the-quarter-ended-june-30-earnings-summary/)
[2] Seeking Alpha. (2025). American Express Q2 earnings rise on robust spending, healthy credit. Retrieved from [https://seekingalpha.com/news/4468810-american-express-q2-earnings-rise-on-robust-spending-healthy-credit](https://seekingalpha.com/news/4468810-american-express-q2-earnings-rise-on-robust-spending-healthy-credit)