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American Express Reports Higher Revenues, Driven by Strong Spending Among Affluent Cardholders

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American Express Reports Higher Revenues, Driven by Strong Spending Among Affluent Cardholders
The American Express headquarters in New York City. John Moore/Getty Images
Panos Mourdoukoutas
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News Analysis
Affluent consumers have continued the spending spree in 2025 by accumulating more debt, helping American Express report another great quarter. The company’s shares traded slightly higher on Wall Street in a choppy market.
Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”