American Express stock rises on strong earnings momentum

American Express (ISIN US0258161092) combines a market value of $281.1 billion with $66.4 billion in 2024 revenue and $10.9 billion in net income, giving the card network a high-earnings profile even before the next market move is considered.

$281.1 billion value

The company was valued at $281.1 billion at the close on 16 July 2026, and that scale matters because large-cap payment names tend to trade more on margin durability than on headline growth. American Express stock is supported by a business mix that still leans on premium card spending and fees.

$66.4 billion revenue in 2024

American Express reported $66.4 billion in revenue for 2024, up from $60.5 billion in 2023, while net income reached $10.9 billion versus $8.4 billion a year earlier. The comparison shows a 9.8% revenue increase and a 29.8% rise in net income, which is the kind of spread investors usually look for when they assess operating leverage.

Adjusted earnings per share were $14.01 in 2024, compared with $11.21 in 2023, underlining that profitability advanced faster than sales. The gap between revenue growth and profit growth is the key detail, because it suggests the cost base did not expand as quickly as cardmember spending and fee income.

EPS up 25.0%

Management also reported that billings and cardmember lending remained central to the business model in 2024, with premium customer relationships still doing much of the work. For American Express stock, the most important question is whether that mix can keep supporting double-digit earnings power while funding rewards and technology spending.

Cardmember spending

American Express has long leaned on affluent cardholders and merchant fees, and the 2024 figures show why that structure matters in practice. Revenue of $66.4 billion and net income of $10.9 billion leave the company with enough scale to absorb spending on rewards and maintain operating flexibility.

Adjusted EPS of $14.01 in 2024 also gives investors a clean reference point for the next reporting cycle, because it sets a high base for any follow-up growth comparison. If earnings continue to compound faster than revenue, the market will usually treat that as a sign that the franchise is still widening its margin advantage.

Shares and earnings

The stock ended 16 July 2026 with a market capitalization of $281.1 billion, while the latest annual report backdrop still centers on 2024 revenue of $66.4 billion, 2024 net income of $10.9 billion, and 2024 adjusted EPS of $14.01. Those three figures are the core framework for reading American Express stock: value, sales scale, and earnings conversion.