American Express AXP

American Express has achieved a significant revenue milestone of $18.4 billion for Q4 2025, reporting earnings per share of $4.14, surpassing analyst expectations despite rising operational costs and fierce competition. With a total of 151 million cardholders and 160 million merchant locations, the company is attempting to navigate challenges related to changing consumer behavior and macroeconomic conditions. The past year has seen volatility in stock prices and investor concerns, particularly surrounding operational risks and customer responses to product changes. While American Express has seen periods of strong growth driven by travel and entertainment spending recoveries, the outlook remains cautious as it balances growth initiatives with competitive pressures.