American Express Hits Record Revenue as Card Member Spending Surges

Consumer spending on goods and services continued to grow while spending on travel and entertainment declined, said the company CFO.

A sign showing the American Express logo is seen outside of a restaurant in Des Plaines, Ill., on Nov. 11, 2008. Justin Sullivan/Getty Images

American Express generated record second-quarter revenue amid strong spending by cardholders, the company said in a July 18 statement.

For Q2 ending June 30, Amex brought in $17.85 billion in total revenues after interest expenses, up 9 percent compared to the same period in 2024. However, its net income registered a drop of 4 percent, and diluted earnings per share fell 2 percent.