Amex Stock Sinks 20% From Record High Amid Economic Slowdown

American Express stock soared to an all-time high of $384.79 per share in December 2025, capping a three-year run fueled by economic growth and robust consumer spending.

The company's stock returned 25% in 2025, following annual returns of 58% in 2024 and 27% in 2023.

However, with inflation rates rising and gas prices curbing travel and consumer spending, the stock has dropped from its highs, trading at around $310 per share as of now.

The company's revenue growth remains solid, up 10% year over year in Q2, but earnings growth has declined due to higher expenses.