American Express (AXP)
NYSE:AXP
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Earnings Data
Report Date
Jul 17, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
4.4Last Year’s EPS
4.08Same Quarter Last Year
Moderate Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented predominantly positive operational and financial momentum: double-digit revenue growth (11%), meaningful EPS upside (+18% YoY), robust card member spending and strong international performance, along with continued excellent credit metrics and healthy capital returns. Management is proactively reinvesting Q1 outperformance into marketing and technology (including AI initiatives and a sizable commercial product rollout), which raises near-term expense ratios but is positioned to support sustainable long-term growth. The few negatives (temporary airline softness from geopolitical events, modest near-term drag from held-for-sale co-brand portfolios, and the reinvestment-driven expense step-up) were acknowledged as manageable by management and not expected to materially impair results this year.Company Guidance
Strong Top-Line and Earnings Growth
Revenue grew 11% (10% FX-adjusted) in Q1 and diluted EPS was $4.28, up 18% year-over-year. Management reaffirmed full-year 2026 guidance of 9%–10% revenue growth and EPS of $17.30–$17.90.
Robust Card Member Spending and New Account Acquisition
Card member spending rose 10% (9% FX-adjusted), the highest quarterly growth in 3 years. The company acquired ~3.1 million new accounts in the quarter and over 70% of new accounts were on fee-paying products. U.S. Platinum refresh drove accelerated spend and high retention; lodging spend on Fine Hotels & Resorts and Hotel Collection was up 50% YoY and dining (spin at U.S. resi restaurants) was up 20%.
Strong Revenue Mix: Net Card Fees and NII Expansion
Net card fees were the fastest-growing revenue line, up 16% FX-adjusted. Net interest income rose 12% FX-adjusted (outpacing balance growth), while total card balances increased 7% FX-adjusted. Deposit product balances (high-yield savings and direct CDs) grew 9% YoY.
Consistent International Momentum
International remains the fastest-growing segment with billings up double-digits (20th consecutive quarter on an FX-adjusted basis). ICS grew ~13% FX-adjusted and management highlighted strong spend growth internationally (management cited ~20% spend growth in some commentary).
Excellent Credit and Solid Capital Returns
Credit performance described as 'best in class' — delinquency rates were flat sequentially, write-off rates slightly down and write-off dollars were up only ~4% YoY. Provision expense was $1.3 billion, including a $24 million reserve release. The company returned $2.3 billion of capital to shareholders (≈$0.7B dividends, $1.7B repurchases), delivered ROE of 35% for the quarter and increased the dividend by 16%.
Strategic Partnerships, Product Roadmap and AI Investment
Announced major partnerships (multiyear global NFL payments partnership, renewed NBA sponsorship, stadium agreements), airport lounge expansions and enrollment of ~300 additional hotels into Amex programs. Launched commercial product roadmap (8 product/feature initiatives including Graphite Business Cash Unlimited, corporate cash back and expense management tools) and introduced the ACE Developer Kit plus Amex Agent purchase protection as initial AI/agentic commerce capabilities.
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 |
|---|---|---|---|
Apr 23, 2026 | $332.90 | $318.55 | -4.31% |
Jan 30, 2026 | $357.37 | $351.06 | -1.77% |
Oct 17, 2025 | $321.39 | $344.76 | +7.27% |
Jul 18, 2025 | $312.87 | $305.52 | -2.35% |
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 Jul 17, 2026, After Close (Confirmed).
What is American Express (AXP) earnings time?
American Express (AXP) earnings time is at Jul 17, 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 (Q2) is 4.4.
