09:02 AM EDT, 10/17/2025 (MT Newswires) -- American Express ( AXP ) lifted the bottom end of its full-year outlook on Friday as the payments company's third-quarter results surpassed market estimates amid card member spending growth.

Earnings are now set to come in between $15.20 and $15.50 per share for 2025, reflecting a higher bottom end versus the company's previous guidance of $15, according to an earnings presentation. The current consensus on FactSet is for GAAP EPS of $15.34.

Revenue is pegged to rise by 9% to 10% for the current year, compared with the prior forecast for growth of 8% to 10%, the firm said. The Street is looking for $71.58 billion. The stock rose 1.5% in the most recent premarket activity.

"Given our strong performance year to date, we are raising our full-year guidance," Chief Executive Stephen Squeri said in a statement. "Looking ahead, we are confident in our growth prospects as we continue to execute our proven product refresh strategy and enhance our powerful membership model."

For the September quarter, American Express' ( AXP ) net income advanced to $4.14 per share from $3.49 a year ago, topping the average analyst estimate on FactSet for $4. Revenue, net of interest expense, improved 11% to $18.43 billion, driven by increased card member spending, higher net interest income and continued card fee growth, the company said. Analysts expected revenue of $18.05 billion.

"Card member spend growth accelerated to 8% on an (foreign-exchange)-adjusted basis," according to Squeri.

Revenue in the US consumer services segment climbed 11% to $8.86 billion, while international card services inclined 14% to $3.34 billion. Commercial services rose 7% to $4.28 billion, while global merchant and network services moved up to $1.97 billion from $1.85 billion in the prior-year period.

Provisions for credit losses totaled $1.29 billion, down from $1.36 billion, reflecting a lower reserve build from last year that was partially offset by higher net write-offs, American Express ( AXP ) said. Overall expenses rose to $13.31 billion from $12.08 billion last year.