American Express Reports Highest Card Member Spending Growth in Three Years
American Express reported a 10% revenue increase in Q1 2026, driven by a 9% rise in card member spending, the highest in three years. The growth is attributed to the company's strategy of targeting millennial and Gen Z customers with premium products. Despite strong earnings, the stock dipped 3% following the report.
Tickers: $AXP
Topics: Consumer Strategy Earnings Market Trends Revenue Growth Stock Performance