AMERICAN EXPRESS CO SEC 10-Q Report

American Express Co., a global leader in payment services, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial and operational performance, highlighting key metrics and business activities that have shaped the quarter.

Financial Highlights

Total Revenues Net of Interest Expense: American Express reported total revenues net of interest expense of $17,856 million, reflecting a year-over-year increase driven by higher discount revenue and net card fees.

Net Income: The company's net income for the quarter was $2,885 million, a decrease from the previous year, impacted by higher expenses.

Earnings per Common Share - Basic: Basic earnings per share stood at $4.08, slightly lower than the previous year due to increased expenses.

Earnings per Common Share - Diluted: Diluted earnings per share were consistent with the basic EPS at $4.08, indicating stable share dilution.

Total Revenues Net of Interest Expense After Provisions for Credit Losses: After accounting for provisions for credit losses, total revenues net of interest expense were $16,451 million, showing resilience despite increased provisions for credit losses.

Business Highlights

Revenue Segments: The report highlights an increase in non-interest revenues, with discount revenue rising to $9,361 million in Q2 2025 from $8,855 million in Q2 2024. Net card fees also saw a significant increase, reaching $2,480 million in Q2 2025 compared to $2,060 million in the same period last year.

Future Outlook: The management discussion indicates a cautious approach to future economic conditions, with an emphasis on maintaining strong credit quality and managing credit losses. The company is also focused on leveraging its global payments network to drive growth.

SEC Filing: AMERICAN EXPRESS CO [ AXP ] - 10-Q - Jul. 18, 2025