business
American Express Q2 profit rises driven by higher spending and fewer delinquencies
Summary by The San Antonio Editorial Desk · Based on reporting by Ken Sweet, Associated Press , KSAT 12 (ABC affiliate)
· July 24, 2026
· 2 min read
Credit card giant American Express said its second-quarter profits rose 8% from a year earlier, helped by higher spending by its card members, fewer delinquencies and more customers signing up for its premium products like the Platinum Card and Gold Card. The New York-based company said Friday it...
Story provenance No corrections
Summary created by The San Antonio Editorial Desk — automated, rule-governed Original reporting Ken Sweet, Associated Press, KSAT 12 (ABC affiliate) Original story Read at the source Source published Jul 24, 2026 Indexed here Jul 24, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key takeaway The New York-based company said Friday it earned $3.
Why this matters in The San Antonio
The growth of American Express's premium products, such as the Platinum Card and Gold Card, has implications for San Antonio's local economy, particularly in the high-end retail and travel sectors. As AmEx customers tend to put a significant portion of their spending on credit cards and pay them off at the end of each month, this could translate to increased sales for local luxury businesses, such as those in the Pearl District or on the River Walk. Additionally, the company's investment in technology, including artificial intelligence, may lead to new job opportunities in the city's growing tech industry. With AmEx's customer base skewing towards high net worth individuals, San Antonio's efforts to attract and retain affluent residents and visitors could be bolstered by the company's continued success. The city's tourism industry, in particular, may benefit from AmEx's premium cardholders, who are likely to spend more on travel and entertainment.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC affiliate) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: July 24, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 2 min
Frequently asked about this story
What is this story about? Credit card giant American Express said its second-quarter profits rose 8% from a year earlier, helped by higher spending by its card members, fewer delinquencies and more customers signing up for its premium products like the Platinum Card and Gold Card. The New York-based company said Friday it...
When was this published? This article was first published on July 24, 2026 by KSAT 12 (ABC affiliate) and curated for The San Antonio readers.
Who reported this story? This story was reported by Ken Sweet, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
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