American Express Company

“We've seen American Express step out there and take on the risk of a fraudulent agent transaction”

An analyst notes American Express has moved to assume fraud risk on agentic transactions, framing a competitive dynamic in agentic commerce versus Visa.

“using our Data Cloud, American Express is enabling agentic e-commerce at scale by moving an enterprise data platform along with hundreds of production applications to BigQuery.”

American Express is migrating its data platform and hundreds of apps to Google's BigQuery, a cloud-adoption read-through.

“Remuneration from American Express grew 10% to over $2 billion, led by 12% spend growth on strong acquisitions.”

Delta's co-brand card remuneration from American Express grew 10% to over $2 billion on 12% spend growth, a positive read-through for Amex co-brand economics.

“Our discussions with Visa, Chase and American Express are going well, and we still expect to have new deals in place later this year.”

Marriott is renegotiating co-branded credit card deals with American Express, a read-through to Amex's card partnership with Marriott's loyalty program.

“we just acquired a company called HyperCard, we brought in a group of people who we've been working with for a number of years who are really in expense management space”

American Express acquired HyperCard to add expense-management expertise and talent, bolstering its commercial/SME product roadmap.

“as the year goes on, the Amazon and the Lowe's book will roll off. That will have a slight drag on revenue, zero impact on PTI.”

American Express's Lowe's co-brand card portfolio will roll off over the year, a modest revenue drag with no pretax income impact, signaling the wind-down of the Amex-Lowe's co-brand relationship.

“as the year goes on, the Amazon and the Lowe's book will roll off. That will have a slight drag on revenue, zero impact on PTI.”