American Express
Q2 2022 Earnings Call
Jul 22, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the American Express Q2 2022 earnings call. [Operator instructions] As a reminder, today's call is being recorded. I would now like to turn the conference over to our host, Head of Investor Relations Ms.
Kerri Bernstein. Thank you. Please go ahead.
Kerri Bernstein -- Head of Investor Relations
Thank you, Donna, and thank you all for joining today's call. As a reminder, before we begin, today's discussion contains certain forward-looking statements about the company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in today's presentation slides and in our reports on file with the SEC.
The discussion today also contains non-GAAP financial measures. The comparable GAAP financial measures are included in this quarter's earnings materials as well as the earnings materials for the prior periods we discussed. All of these are posted on our website at ir.americanexpress.com. We'll begin today with Steve Squeri, chairman and CEO, who will start with some remarks about the company's progress and results.
And then Jeff Campbell, chief financial officer, will provide a more detailed review of our financial performance. After that, we'll move to a Q&A session on the results with both Steve and Jeff. With that, let me turn it over to Steve.
Steve Squeri -- Chairman and Chief Executive Officer
Thanks, Jerry, and welcome to the IR team and your first earnings call. And good morning, everyone. Thanks for joining us for our second-quarter call. We had an outstanding quarter.
Revenues were up 31%, reaching a record high, and earnings per share were $2.57. Card member spending was at record levels. Billed business was up 30% from a year earlier on an FX-adjusted basis, led by a vigorous rebound in travel and entertainment spending and continued strong growth in goods and services. We added 3.2 million new proprietary cards in the quarter, driven by continued strong demand for our fee-based premium products.
Acquisitions of our U.S. consumer Platinum, Gold, and Delta co-brand cards were all at record highs. Customer retention and credit quality both remain at exceptionally strong levels. While our strong growth may be somewhat surprising given the uncertainties in the external environment, there are a number of reasons for our continued momentum.