Credit card company American Express Co.'s quarterly profit more than doubled as it gained from higher consumer spending during the U.S. holiday season.

The company's net income rose to $1.31 billion, or $1.21 per share, for the fourth quarter ended Dec. 31, from $637 million, or 56 cents per share, a year earlier.

Total revenue, net of interest expense, rose 5 percent to $8.55 billion.