🔹 EPS: $4.14 (Est. $3.99) 🟢
🔹 Revenue: $18.43B (Est. $18.05B) 🟢
🔹 Provision for Credit Losses: $1.3B (Est. $1.41B) 🟢
🔹 FY25 EPS Guide: $15.20–$15.50 (Prior $15–$15.5; Est. $15.34) 🟢
🔹 FY25 Revenue Growth: +9% to +10% (Prior +8% to +10%) 🟡
Management Commentary
🔹 “Our results show continued momentum across both consumer and commercial segments, supported by strong spending and customer acquisition trends.”
🔹 “Credit metrics remain within expectations despite higher loan growth, while revenue and earnings guidance both moved higher on strong engagement and demand.”
Business Highlights
🔸 Strong quarter driven by record cardmember spending and robust fee income.
🔸 Initial demand for the revamped Platinum card exceeded expectations — U.S. Platinum account acquisitions doubled from pre-refresh levels.
🔸 Commercial and consumer loan balances continued to expand; delinquencies remain stable.
🔸 Provision for credit losses improved sequentially, reflecting consistent credit quality.