**American Express** has recently demonstrated stable performance, especially as the company prepares for a major update to its flagship Platinum Card for the U.S. market. In the face of upcoming changes, this global payments company continues to showcase excellent rise and credit performance with its high-spending demographic, fee revenue, and closed network. Investors have also recognized its ongoing stable performance.

The company's quarterly results reflect strong business performance. In the second quarter of 2025, revenue rose by 9% year-on-year to a record $17.9 billion, while earnings per share were $4.08. Adjusted earnings per share increased by 17% compared to last year. Management emphasized that despite facing credit risks, member card spending reached an all-time high, and revenue growth expectations remain between 8% and 10%.

Notably, card fee revenue, as a major source of high profit, rose by 20% year-on-year, reaching approximately $2.48 billion. Since 2019, this revenue has compounded annually at around 17%, supported by strong member acquisition and high renewal rates. Additionally, discount revenue and net interest income also performed well, growing by 6% and 12% respectively.

There is no clear indication of how the stock will react to this Platinum Card update, but the current business figures are already on the right track. In the coming years, this could be a suitable investment point, especially for those with a long-term investment perspective.

This week on social media, the company revealed that it will launch new platinum cards for American consumers and businesses. Past experience shows that increasing user benefits and attracting new customers to upgrade often leads to higher engagement and stable rise in fee income. The new platinum cards may further drive this trend, enhancing the brand's positioning in travel and lifestyle.

Even though the actual performance of the updated card is not yet known, the company's attitude remains optimistic. It is expected that healthy growth will continue next year, and the brand has unlimited potential among the younger generation, high-spending users, and travel dining experiences.

Although there are risks, mainly including a slowdown in consumption due to the macroeconomic environment or price changes after updates that may lead to user attrition. However, considering the confirmed performance guidance, strong trends in expense rise, and a clear platinum card update plan, overall, this platinum card update is a long-term investment opportunity worth noting.