American Express reports a 16% increase in third-quarter profits, driven by higher card spending, especially among its wealthiest members
ByKEN SWEET AP business writer
October 17, 2025, 8: 09 AM
NEW YORK — NEW YORK (AP) — Credit card giant American Express posted a 16% jump in third-quarter profits on Friday, helped by increased card spending, particularly among its wealthiest card members. The company raised its full-year profit forecasts as a result.
The New York-based company said it earned $2.9 billion in the quarter, up 16% from $2.51 billion in the same period a year earlier. On a per-share basis, the company earned $4.14, compared to $3.49 a year earlier. The results beat analysts’ expectations.
Once again, AmEx benefited from increased spending on its cards across all its products in the quarter. The company last month refreshed its iconic Platinum Card, increasing the perks and rewards earned on the card but