🔹 Revenue: $17.86B (Est. $17.70B) 🟢; +9% YoY
🔹 Adj EPS: $4.08 (Est. $3.87) 🟢; +17% YoY*
🔹 Card Member Spending: $416.3B; +7% YoY – All-time quarterly high
FY25 Guidance (Reaffirmed)
🔹 EPS: $15.00 – $15.50 (Est. $15.22) 🟢
🔹 Revenue Growth: 8–10%
Segment & Operating Highlights
🔹 Billed Business (FX-adjusted): $390.7B; UP +7% YoY
🔹 Consolidated Provisions for Credit Losses: $1.4B (vs. $1.3B YoY); net write-off rate: 2.0%
🔹 Operating Expenses: $12.9B; UP +14% YoY
🔹 Effective Tax Rate: 18.7% (DOWN from 20.4% YoY)
🔹 Average Diluted Shares: 699M (DOWN -3% YoY)
🔹 Net Income: $2.89B; DOWN -4% YoY
Strategic & Product Updates
🔸 Card Member spending at all-time high; demand for premium products remains strong
🔸 U.S. Consumer & Business Platinum Card refresh set for Fall 2025
🔸 Announced launch of Coinbase One Card on AXP network
🔸 Ranked #1 in J.D. Power for both Mobile App & Website Customer Satisfaction
🔸 Ranked #4 on 2025 “Best Companies to Work For” in the U.S.
CEO Commentary
🔸 “We delivered record revenue and strong EPS, supported by high Card Member engagement and premium demand.”
🔸 “Our differentiated Membership model and proven product refresh strategy give us confidence in long-term growth.”