The news: American Express’s total net revenues increased 7% YoY in Q1 2025, per its earnings release. This is a deceleration from 11% YoY growth the year prior.
Higher net interest income, revolving loan balances, card spending, and card fees fueled growth, the company said.
- US consumer network volume increased 7% YoY in Q1.
- International consumer card volume grew 14% YoY.
- Overall loan and card member receivables increased 7% YoY.
- And net card fees increased 18% YoY.