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American Express (AXP)
NYSE:AXP
Earnings Data
Report Date
Apr 24, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.97Last Year’s EPS
3.64Same Quarter Last Year
Moderate Buy
Based on 21 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed significant positive momentum across core financial metrics — record revenue, strong EPS growth, double-digit net card fee and NII growth, robust consumer and international spend, best-in-class credit metrics, and continued heavy investment in technology and product that supports long-term revenue generation. Management provided confident 2026 guidance (9%–10% revenue growth; mid‑teens EPS growth) and a continued focus on capital returns. Headwinds include moderation in middle‑market commercial activity, higher near-term VCE/investment ratios tied to the platinum refresh, competitive pressures in SMB/fintech, investor scrutiny over acquisition cadence and cost-to-grow dynamics, and regulatory/macro risks. Overall, the positive results, clear strategy, and upward guidance materially outweigh the flagged challenges.Company Guidance
Record Revenue and Strong EPS
Full-year revenues up 10% to a record $72.0 billion; EPS of $15.38, up 15% year-over-year excluding a one-time gain.
Robust Net Card Fee Growth
Net card fees grew 18% and reached a record $10.0 billion for the year; Q4 card fees up ~16% FX-adjusted with expectations to accelerate through 2026 as platinum renewals lap.
Healthy Billed Business and Spend Trends
Total billed spend up 8% (FX-adjusted) in Q4; retail spending +10%, luxury retail +15%, restaurants +9%, US consumer restaurant spend >20%; transactions growth ~9%.
International and Customer Cohort Momentum
International spend up 12% FX-adjusted in the quarter; millennials and Gen Z now the largest share of US consumer spending and the fastest-growing cohorts (average age of new US consumer platinum card = 33; gold = 29).
Net Interest Income and Balance Growth
Net interest income up 12% in the quarter and growing faster than balances; loans and card member receivables increased ~7% year-over-year (with ~1 ppt impact from held-to-sale portfolios).
Strong Credit Performance
Delinquency and write-off rates remained flat and described as 'best-in-class', both still below 2019 levels; management expects generally stable credit metrics in 2026.
Operational and Technology Investments
Annual technology spend ~$5.0 billion (technology investment up ~11% for the year); new third-generation data & analytics platform (public cloud) already reducing time for key marketing and fraud processes by ~90%; plan to migrate 100% of processes by 2027.
Marketing Efficiency and Product Refresh Success
Marketing spend $6.3 billion for 2025 (up 4% YoY); product refresh program (including US consumer and small business platinum) drove strong demand — new US platinum performing above expectations with high engagement and unchanged retention despite higher annual fee; percentage of fee-paying US consumer products up 8 percentage points YoY.
Improving Operating Leverage and Customer Service Efficiency
OpEx as a percentage of revenue down 4 percentage points since 2022 despite higher tech spend; calls per account to service centers down ~25% over three years due to digital self-service enhancements.
Capital Returns and Financial Strength
Returned $7.6 billion in capital in 2025 (dividends $2.3 billion, repurchases $5.3 billion); ROE 34% for the full year; plan to raise quarterly dividend 16% to $0.95 and maintain capital comfortably above regulatory minimums; share count down ~7% since 2022.
2026 Guidance and Multi-Year Aspiration
Full-year 2026 guidance: revenue growth 9%–10% and EPS $17.30–$17.90; ongoing aspiration for 10%+ revenue growth and mid-teens EPS growth over the long term.
AXP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AXP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 30, 2026 | $358.50 | $352.17 | -1.77% |
Oct 17, 2025 | $322.40 | $345.85 | +7.27% |
Jul 18, 2025 | $313.86 | $306.49 | -2.35% |
Apr 17, 2025 | $251.09 | $249.49 | -0.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does American Express (AXP) report earnings?
American Express (AXP) is schdueled to report earning on Apr 24, 2026, After Close (Confirmed).
What is American Express (AXP) earnings time?
American Express (AXP) earnings time is at Apr 24, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AXP EPS forecast?
AXP EPS forecast for the fiscal quarter 2026 (Q1) is 3.97.
