American Express: Berkshire's 22.5% Stake Highlights Growth

Berkshire Hathaway's significant ownership in American Express, representing a 22.5% stake, highlights the conglomerate's conviction in the credit card giant's sustained expansion. American Express (NYSE: AXP) reported second-quarter net revenue growth of 10% year-over-year, with payment volume expanding at its fastest pace in three years. Diluted earnings per share saw an 11% increase, signaling operational strength that aligns with the long-term projection of mid-teens annualized profit growth.

### Story Arc / How We Got Here

This follows our earlier coverage ([American Express: Long-Term Revenue Growth Story Intact](/explore/american-express-long-term-revenue-growth-story-intact)) on 2026-08-02. American Express (NYSE: AXP) executives project 10% annual revenue growth, signaling sustained expansion opportunities. The company is attracting younger demographics, fueling a positive outlook on future earnings potential. Management anticipates diluted earnings per share to climb at a mid-teens rate. This projection is supported by a strategy focused on enhancing member value and capitalizing on secular trends. · * American Express ($AXP+WL) executives project 10% annual revenue growth and mid-teens EPS growth, driven by attracting younger demographics and increasing payment volumes.