American Express turned in solid quarterly results Friday, increased its dividend, and highlighted record levels of card member spending. For its fourth quarter, the credit-card company posted diluted earnings of $3.

American Express Co. profits increased 12% as well-heeled consumers spent more than analysts expected on their credit cards over the holidays, a tailwind the firm said it expects will continue.

American Express shares fell 1.4% Friday after the company reported earnings and gave an outlook that disappointed some investors. The credit card company logged net income of $2.17 billion, or $3.04 a share,

American Express’ affluent cardholders got comfortable spending more freely again late last year, Chief Financial Officer Christophe Le Caillec told CNBC.

The credit card lender and network introduced guidance for 2025 EPS of $15.00-$15.50 (midpoint $15.25), compared with the consensus estimate of $15.22 and $13.35 reported in 2024 (excluding notable items). It expects 2025 revenue growth of 8%-10% from 2024's $65.9B, implying $71.2B-$72.5B ($71.6B consensus).

Key Takeaways U.S. equities were little changed at midday after a strong week that saw the S&P 500 set a record high.American Express's 2025 revenue guidance was mostly short of analysts' estimates.Verizon Communications posted better-than-expected results as it benefited from higher prices.