#Latest news with #GenZCustomersBloomberg10 hours agoBusinessBloombergAmerican Express's Gen Z Customer Spending Grew by 40% From 2024American Express Co. 's bet on Gen Z customers is paying off, with the segment accounting for around 5% of all US spending on the firm's cards and other products, Chief Financial Officer Christophe Le Caillec said. That Gen Z-driven transaction volume — known as billed business — also grew by 40% during the first three months of the year compared to same period a year ago, Le Caillec said Wednesday at a conference hosted by Morgan Stanley.
Bloomberg10 hours agoBusinessBloombergAmerican Express's Gen Z Customer Spending Grew by 40% From 2024American Express Co. 's bet on Gen Z customers is paying off, with the segment accounting for around 5% of all US spending on the firm's cards and other products, Chief Financial Officer Christophe Le Caillec said. That Gen Z-driven transaction volume — known as billed business — also grew by 40% during the first three months of the year compared to same period a year ago, Le Caillec said Wednesday at a conference hosted by Morgan Stanley.