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NEW YORK - American Express (NYSE:AXP), a prominent player in the consumer finance industry with a market capitalization of $212.49 billion, has been named the new Official Payments Partner of Hard Rock Stadium, the Formula 1 Crypto.com Miami Grand Prix and the Miami Dolphins in a multi-year agreement, according to a press release issued on Tuesday. According to InvestingPro data, the company has demonstrated solid growth with a 9.17% increase in revenue over the last twelve months.
Starting today through August 25, eligible American Express Card Members will have exclusive access to presale tickets for the 2026 Formula 1 Crypto.com Miami Grand Prix, scheduled for May 1-3, 2026.
The partnership will integrate Hard Rock Stadium into the American Express Venue Collection, providing Card Members with benefits including exclusive concession offers, dedicated entrances, and presale ticket access for Miami Dolphins games and other events beginning with the 2025 regular season. Platinum Card Members will gain access to an exclusive lounge located in the West Endzone of the stadium. The company’s strong financial position, with a "GOOD" overall health score according to InvestingPro analysis, supports its continued investment in premium customer experiences.
"We’re committed to showing up for our Card Members at the moments they love the most, and offering unique ways to make them even more special," said Bess Spaeth, Executive Vice President of Global Brand Management and Experiences at American Express.
Jason Green, Senior Vice President and Chief Revenue Officer for Hard Rock Stadium, noted that the partnership aims to "enhance the customer experience" for guests at the venue.
The Miami Grand Prix sponsorship follows American Express’s expansion into more than 20 Formula 1 races worldwide in 2025. The company plans to create an immersive fan experience at the 2026 Miami event, including providing Amex Race Radios for Card Members to follow track action.
The partnership adds to American Express’s portfolio of sports and entertainment sponsorships, which includes basketball, tennis, golf, music, and theater events globally.
In other recent news, American Express reported second-quarter earnings that surpassed analyst expectations, with an earnings per share of $4.08 compared to the projected $3.90. Truist Securities responded by raising its price target for American Express to $348 from $340, maintaining a Buy rating, while UBS reiterated a Neutral rating with a $340 price target. Additionally, American Express disclosed updated delinquency and write-off rates for its U.S. Consumer and Small Business Card Member loans, noting that the delinquency rate remained steady at 1.3%, and the net write-off rate slightly decreased to 2.0% in July.
In another development, American Express and AEG have expanded their global partnership, making American Express the official payment partner across more than 40 properties worldwide. The collaboration covers venues, festivals, touring, ticketing, and sports. Furthermore, American Express announced the appointment of Randal K. Quarles and Noel Wallace to its Board of Directors, increasing the board’s size to 14 members. These recent developments reflect American Express’s ongoing efforts to strengthen its market position and governance.
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