News > American Express reports most spending categories ‘Fully Recovered,’ save large corporate T&E

American Express reports most spending categories ‘Fully Recovered,’ save large corporate T&E

American Express reported "particularly strong" travel and entertaining spending among all its customer types in the fourth quarter, CFO Jeff Campbell said in an earnings call on Friday. Total T&E spending on American Express products in the fourth quarter was $25 billion, up 44 per cent year over year and down 9 per cent compared with 2019. The total was about flat with the previous quarter and a percentage point better in terms of recovery.