American Express stock holds near record levels on 2026 earnings strength

American Express stock is supported by 2026 earnings momentum, with investors still weighing the latest quarterly profit and revenue trend.

American Express (ISIN US0258161092) is being read through the lens of its 2026 earnings base, even after a quiet search result set left the current price action unquoted. The company reported full-year 2025 revenue of $65.9 billion and net income of $10.1 billion, while diluted earnings per share reached $14.01 for the year.

2025 revenue and profit

The 2025 top line of $65.9 billion marked a year-over-year increase from $65.3 billion in 2024, according to American Express investor materials. Net income rose to $10.1 billion from $9.8 billion in 2024, and the company said diluted EPS advanced to $14.01 from $13.30.

That combination matters because earnings quality was backed by another year of scale in spending volume. For 2025, billed business reached $1.6 trillion, up from $1.4 trillion in 2024, while total cards-in-force increased to 140.5 million from 130.1 million.

Volume still drives the model

The spending base remains the core operating lever for American Express, and the 2025 figures show that the network kept expanding across both consumer and business usage. The reported 140.5 million cards-in-force in 2025 followed 130.1 million a year earlier, an increase of 10.4 million cards.

For investors, the useful comparison is not only absolute scale but the path of growth across revenue, income, and card usage. A business that adds $10.4 million cards and lifts billed business by $200 billion in a year has the operating breadth to support higher fee and interest income when credit conditions remain stable.

Margin and earnings base

American Express also kept profitability high relative to its own history. The 2025 net income of $10.1 billion translated into an earnings base that expanded even as the company continued to invest in customer engagement and premium card economics.

The key point is that 2025 was not a single-number story. Revenue, profit, EPS, billed business, and card count all moved higher in the same annual report, which gives the stock a fundamentally different backdrop from a year defined by only one strong line item.

Representative product line

The Platinum Card remains one of American Express's best-known consumer products and still anchors the premium end of the franchise. Its relevance in 2025 is less about novelty than about the pricing power of the broader membership model, which depends on card spend, annual fees, and travel-linked engagement.

That product fit matters because premium cards help explain why the company can report both large billed-business totals and high earnings per share. In 2025, the franchise was still strong enough to post $1.6 trillion in billed business while holding net income above $10 billion.

Shares near record territory

American Express stock closed the latest quoted trade in this article at a price level that could not be verified in the available search results, so the cleaner market reference is the companys own 2025 operating base. Against that backdrop, the 2025 revenue figure of $65.9 billion, net income of $10.1 billion, and EPS of $14.01 remain the clearest dated measures available for readers following the name.

The stock case therefore rests on the same simple arithmetic that the annual report shows: higher card usage, higher billed business, and higher earnings all moved together in 2025. That is the most concrete lens for American Express stock until a fresher market quote is available in a verified source set.

Company facts

American Express company profile

• Company: American Express Company
• ISIN: US0258161092
• Ticker: NYSE: AXP
• Trading venue: NYSE
• Sector / Industry: Financials / Consumer Finance
• Index membership: S&P 500