from24/7 Wall St.
4 days agoScorecard: Grading American Express Q4 Earnings
The Q4 miss masks underlying strength in American Express's premium customer strategy. The September 2025 Platinum Card refresh drove exceptional engagement, with management noting "some of the lower cost of acquisition for Platinum in the last 2 years" despite raising the annual fee to $325. Card fee revenue reached a record $10 billion in 2025 and is expected to accelerate in H2 2026 as renewals hit at higher price points.
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