American Express

Today, American Express reported its second-quarter 2024 financial results, with quarterly revenue reaching an all-time high of $16.3 billion, up 8%, or 9% on an FX-adjusted basis. Earnings per share increased 44% year-over-year to $4.15, or 21% to $3.49 excluding a transaction gain, demonstrating the continued strong performance of our core business. Chairman and Chief Executive Officer Steve Squeri said: “Since the end of 2021, we have significantly grown the scale of our business, increasing revenues by nearly 50% and Card Member spending by almost 40%, while adding around 23 million new cards and over 30 million merchant locations. This increased scale, combined with our premium, high-credit quality customers, our well-controlled expense base and our successful investments to continuously enhance our Membership Model, fuels the earnings power of the core business and reinforces our confidence in our ability to deliver strong bottom-line growth.”   Read more about our second-quarter results in our full earnings release, which includes an explanation of FX-adjustments and a reconciliation for EPS excluding a transaction gain of $0.66 per share, a non-GAAP financial measure, here: https://lnkd.in/eTiXW4Ve.

We issued the latest Amex Trendex: Business Travel Edition, which explores business traveler access to amenities at the airport or their hotel, the evolution of travel policies, and the state of business travel technology. Read more about these trends and which destinations should be top of mind for business travelers: https://lnkd.in/gCsVdcyN

Today we opened a new Centurion Lounge at Ronald Reagan Washington National Airport (DCA) in Terminal 2, past the South Security Checkpoint. At nearly 12,000 square feet, the lounge's design celebrates the rich history and architecture of the nation's capital along with a collection of art commissioned by local artists. For the first time ever in a Centurion Lounge, eligible Card Members can enjoy popular dishes from three award winning chefs who have created exceptional menus for the Centurion Lounges in Miami, San Francisco and Philadelphia, Chef Michelle Bernstein, Chef Ravi Kapur, and Chef Michael Solomonov. Read more: https://go.amex/GsqNrn

The final evening of this week's American Express Leadership Academy took place at US Ambassador Jane Hartley's residence in London, bringing together leaders from the private and public sectors to meet with participants.   Congratulating the participants, Anna Marrs, Group President, Global Commercial Services and Credit & Fraud Risk at American Express said, "This Leadership Academy group is working on some of the world's most difficult challenges, across healthcare, the environment and education. And American Express hopes that we can contribute to your leadership journey, both through this program and through the ongoing network it creates."   Embassy of the United States of America, London and Common Purpose.

On day three of the American Express Leadership Academy in London, participants joined Jennifer Skyler, Chief Corporate Affairs Officer, Naomi Schiff, TV Presenter and racing driver and Paul van Zyl, co-founder of The Conduit for a panel discussion about leading beyond authority.   Naomi said, "When you feel you've done all you can, don't be afraid to defer to another plan, sometimes Plan B is better than Plan A.”   Paul, who like Naomi, grew up in South Africa, spoke about the Ubuntu philosophy, which means humanity towards others. Paul added, "I am because we are. We become more resilient when we draw connections between each other."

Join us on Thursday 11 July at 2pm BST when we’ll be discussing leading beyond authority with racing driver and television presenter Naomi Schiff, live from the American Express Leadership Academy in London. If you have a question you’d like to ask, please leave it in the comments below and tune-in to our live stream. Common Purpose, #AmexLeadershipAcademy, #leadershipdevelopment #nonprofit #TeamAmex

In half an hour we will be hosting Live From The American Express Leadership Academy with Naomi Schiff! Join us and ask your questions in the comments below.

Storytelling is a critical skill for today’s resilient changemakers and a key theme explored at the American Express Leadership Academy in London. Today, our participants spent the morning visiting organizations such as Shakespeare's Globe and Benjamin Franklin House, both of which have unique and compelling stories of their own. Reflecting on her visit, Kate Grigg, from this year’s UK EMEA Leadership Academy cohort said, “If you can tell a story, use it to grow, collaborate and nurture partnerships, then you know you’re halfway there to solving complex problems. If you can tell a good story, you can cross boundaries.”

This summer, American Express Travel celebrated 50 years of the Pacesetters award, a program that recognizes the company’s top performing Travel Consultants as “Pacesetters” who have helped book unforgettable trips and experiences for our Card Members around the world.    Read more about what some of our Pacesetter winners love most about the job and their number one piece of travel advice here: https://go.amex/3mTMLM

It’s #TeamAmex Tuesday! Today, Angelique from NYC shares how our learning and development opportunities have supported her career growth at American Express: My name is Angelique, I’m a Senior Executive Assistant and I’ve been at American Express since 2005. Throughout my career, Amex’s learning and development opportunities have been total game changers for me. We have access to a variety of free resources and trainings which are so helpful in keeping my skills up to date in a world that’s constantly evolving. I’ve been able to expand my knowledge in Microsoft PowerPoint, Excel, and OneNote, as well as Canva and Qualtrics software, which have all helped me improve my productivity and creativity. I feel like I’m getting all the benefits of going back to school right at work – and it’s all free! It’s so important to continue to learn and not get comfortable with the status quo, and I feel fortunate to be a part of a company that is so supportive of both my professional and personal growth. Check out our LinkedIn Life page to learn more about what it’s like to be a part of #TeamAmex. https://lnkd.in/eJPA7P-8