American Express CEO Stephen Squeri said the firm saw first-quarter consumer spending "consistent with and in many cases better than what we saw in 2024." The company affirmed its full-year outlook of 8% to 10% revenue growth and EPS of $15.00 to $15.50 "subject to the macroeconomic environment."

American Express saw 6% growth in billed business, a measure of spending, during the first quarter, though the company said that growth would have been 7% if adjusted for the impa