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Business
Jea Yu

American Express: Affluent Customers Don’t Leave Home Without It

American Express United States American Express Co Entertainment MarketBeat
[content-module:CompanyOverview|NYSE:AXP]

American Express Co. (NYSE: AXP) is a cut above the rest when it comes to the credit and charge card business. They cater to a more affluent, status-conscious client base comprised of Millennials and Gen-Zers who like to spend money on travel and entertainment. Despite fears of a looming recession, American Express reported first-quarter 2025 results showing no signs of a slowdown.

Even if a recession were to happen, the company is buffered thanks to its wealthier customer base. The average American Express Platinum card member has a monthly household income of $400,000. 

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