American Express reported record third-quarter 2025 results on Friday, driven by the spending power and loyalty of younger affluent consumers. Chief Executive Steve Squeri hailed millennial and Gen Z Platinum members as “very comfortable paying for its exceptional value and highly engaged in the product,” underscoring the company’s successful push to attract a new generation of premium customers.
The company posted net income of $2.9 billion, reflecting a 16% increase over the prior year. Earnings per share rose 19% to $4.14, topping analyst estimates of $3.99. Total revenue, net of interest expense, climbed 11% to an all-time high of $18.43 billion, again beating the anticipated $18.05 billion. Shares jumped 7%.
