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Home/News Feed/AmEx posts strongest card spending in 3 years, driven by Millennials, Gen Z, and AI integration.
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AmEx posts strongest card spending in 3 years, driven by Millennials, Gen Z, and AI integration.

Company Fundamentals
23 Apr 2026
PYMNTS
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Bullish
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American Express reported its strongest quarterly card spending in three years, with a 9% increase in billed business driven by premium cards and younger customers, particularly Millennials and Gen Z. These groups accounted for over 70% of new accounts and showed significantly higher spending growth compared to older generations. The company is reinvesting its revenue gains into marketing and technology, including launching AI-driven purchasing tools to enhance transaction automation and security. Despite the strong start, AmEx maintained its full-year revenue growth forecast of 9-10% and earnings per share between $17.30 and $17.90.

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