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      "text": "Card Member Rewards Expense: Increased 12 percent versus Q1'25, primarily driven by higher billed business and changes to the Membership Rewards program for U.S. Business Platinum cards.\nBusiness Development Expense: Increased 4 percent versus Q1'25, primarily due to increased partner payments and higher client incentives and loyalty coalition-related costs, partially offset by a reserve release related to the allocation of revenue to a joint venture partner as a result of a final arbitration award.\nCard Member Services Expense: Increased 49 percent versus Q1'25, primarily due to higher usage of Card Member benefits and the new U.S. Platinum benefits.\nMarketing Expense: Relatively flat versus Q1'25 reflecting consistent levels of spending on customer acquisition and brand advertising.\nSalaries and Employee Benefits Expense: Increased 17 percent versus Q1'25, primarily driven by higher compensation and incentive costs.\nOther Expenses: Decreased 11 percent versus Q1'25, primarily driven by a release of a reserve associated with international non-income tax, a gain recognized in the current period for the remeasurement of our ownership interest in our Switzerland joint venture (Swisscard AECS GmbH) resulting from our purchase of the remaining share of the joint venture and gains on Amex Ventures investments, partially offset by higher technology costs and foreign-exchange related losses.",
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