American Express Reports Strong Earnings Amid High Gas Prices and Travel Growth

American Express reported strong first-quarter earnings, with revenue and earnings per share exceeding expectations despite high gas prices. CEO Stephen Squeri highlighted robust spending in luxury goods and travel, indicating consumer resilience. The company raised its Platinum card annual fee in late 2025, which is expected to benefit future results.

By Brian Sozzi · Executive Editor Updated Thu, April 23, 2026 at 9:00 PM GMT+3 2 min read · Yahoo Finance · April 23, 2026, 18:00 UTC

Tickers: $AXP

Topics: CEO Commentary Consumer Spending Earnings Gas Prices Luxury Spending Revenue Growth Travel Industry

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