American Express Company reports news about a global payments and premium lifestyle brand that issues charge and credit card products, operates a merchant payment network, and serves consumers, small and mid-sized businesses, large corporations, and merchants. Company updates often cover earnings releases, Card Member spending and credit performance, dividend actions on common and preferred shares, investor presentations, and capital allocation.
American Express news also includes product and network developments tied to commercial cards, co-brand card programs, Membership experiences, merchant relationships, Resy dining initiatives, small-business education, and brand partnerships. These announcements reflect the company's model of combining payments, lending, merchant acceptance, rewards, and service experiences across its global network.
American Express (NYSE: AXP) has achieved top rankings in the J.D. Power 2025 U.S. Credit Card Mobile App and Online Satisfaction Studies. The company secured the #1 position for its mobile app for the fifth consecutive year since 2018, while also leading in website satisfaction for the third time since 2019.
The studies evaluated customer satisfaction across four key categories: navigation, visual appeal, speed, and information/content, with Amex leading in all areas. Recent digital enhancements include seamless card activation, improved design system, streamlined navigation with Customer Overview experience, and personalized content features.
The company reported an 8% increase in monthly active users for both mobile app and website over the past year. Additionally, Amex achieved #1 rankings in the J.D. Power 2025 U.S. Consumer Lending Satisfaction Study and the 2024 U.S. Small Business Credit Card Satisfaction Study.
American Express (NYSE: AXP) has announced its participation in two upcoming investor conferences. The company will present at the Bernstein 41st Annual Strategic Decisions Conference on May 29, 2025, at 2:30 p.m. ET, and the Morgan Stanley U.S. Financials Conference on June 11, 2025, at 9:45 a.m. ET. Both presentations will be accessible via live audio webcasts through American Express's Investor Relations website, with audio replays available afterward at the same location.
American Express (NYSE: AXP) has announced a quarterly dividend declaration for its Series D Preferred Stock. The company's Board of Directors has approved a dividend of $9,072.22 per share (equivalent to $9.07222 per Depositary Share) on the 3.550% Fixed Rate Reset Noncumulative Preferred Shares. The dividend will be paid on June 16, 2025, to shareholders recorded as of June 1, 2025.
American Express (NYSE: AXP) reported strong Q1 2025 results with net income of $2.6 billion, or $3.64 per share, up 9% from $3.33 per share a year ago. Total revenue reached $17.0 billion, increasing 7% year-over-year, or 8% on an FX-adjusted basis.
Key performance metrics include:
- Billed Business grew to $387.4 billion, up 6%
- Credit performance remained strong with a 2.1% net write-off rate
- Provisions for credit losses decreased to $1.2 billion from $1.3 billion
The company maintained its full-year 2025 guidance, projecting revenue growth of 8-10% and EPS of $15.00-$15.50. Consolidated expenses increased 10% to $12.5 billion, driven by higher variable customer engagement costs and increased usage of travel-related benefits.
American Express (NYSE: AXP) has announced two upcoming key events for investors. The company will host its first-quarter 2025 earnings conference call on Thursday, April 17, 2025, at 8:30 a.m. (ET). Financial results and presentation materials will be released at approximately 7:00 a.m. (ET) on the same day.
Additionally, AXP will hold its 2025 Annual Meeting of Shareholders virtually on Tuesday, April 29, 2025, at 9:00 a.m. (ET). Shareholders can participate using their 16-digit control number to listen, vote, and submit questions through the virtual meeting platform. Both events will be accessible via live audio webcast through the American Express Investor Relations website, with replay options available after each event.
American Express (NYSE: AXP) has announced an agreement to acquire Center, a software company specializing in expense management. The integration aims to create a seamless platform combining Center's software with American Express' corporate and small business cards.
Center's technology, operational since 2018, streamlines expense management by providing real-time visibility into employee spending, automating accounting tasks, and optimizing financial decision-making. According to the company, their customers' finance teams save approximately 90% of time previously spent on expense-related tasks.
The acquisition, expected to close in Q2 2025, will enhance American Express' commercial card payments capabilities by offering automated accounting and reconciliation, while maintaining compliance with company policies and maximizing reward benefits.
American Express (NYSE: AXP) has announced the election of Michael J. Angelakis to its Board of Directors, effective March 3, 2025. Angelakis, currently Chairman and CEO of Atairos, will serve on the Board's Audit and Compliance Committee and Nominating, Governance and Public Responsibility Committee.
Angelakis brings extensive experience in corporate finance and strategic investments, having previously served as Vice Chairman and CFO of Comcast from 2011 to 2015. He founded Atairos in 2016, a strategic investment company focused on growth-oriented businesses. His prior roles include Managing Director at Providence Equity Partners and Chairman of the Federal Reserve Bank of Philadelphia.