Consumer spending on goods and services, which makes up 70% of American Express’s business, grew at a similar pace to the first quarter, Le Caillec said. Travel and entertainment, meanwhile, declined a bit from the prior quarter due to less spending on airline and lodging. Restaurant spending remained strong.

American Express (AXP) reaffirmed its earnings guidance for 2025, projecting an 8% to 10% revenue growth and EPS between $15.00 and $15.50. Despite reporting record card spending for Q2 2025 with $4.08 earnings per share and a 9% revenue increase,

American Express enlisted top culinary talent to expand its Centurion Lounge offerings, plus revealed Sidecar, a new concept launching at the airport in Las Vegas.

American Express is opening a new lounge at Harry Reid International in Las Vegas for customers within 90 minutes of their flight.

American Express' top brass reassured investors concerned about intensifying competition for affluent customers after resilient spending by cardholders helped the company surpass second-quarter profit estimates on Friday.

The Dow Jones Industrial Average is trading down Friday afternoon with shares of 3M and American Express seeing the biggest drops for the blue-chip average. Shares of 3M and American Express are contributing to the blue-chip gauge's intraday decline,