01—Abstract
Summary
Summary of the 8-K filed October 23, 2026. Cited figures are marked; the original filing is the authoritative source.
American Express Company (AXP) reported strong third-quarter 2026 financial results, demonstrating robust revenue growth and improved profitability.
Total revenues reached $20.1 billiona, an increase of 9% year-over-year, driven by higher Card Member spending, increased net interest income from growing card balances, and strong card fee growth. The company also reported significant year-over-year growth in both net income and diluted earnings per share (EPS). Highlighting the company's positive performance and outlook, American Express has raised its full-year 2026 EPS guidance.
This upward revision reflects the solid performance year-to-date and the company's confidence in its continued momentum, strategic investments in its Membership Model, and ability to deliver strong returns to shareholders. The company also noted strong billings, new customer acquisitions, and high Card Member retention, alongside excellent credit quality.
02—Key points
Key Highlights
- Record third-quarter revenue of $20.1 billion, up 9% year-over-year.
- Diluted Earnings Per Share (EPS) rose 31% to $5.42 in Q3 2026.
- Adjusted EPS increased 13% to $4.68, excluding a gain from the sale of an equity interest in Global Business Travel Group.
- Full-year 2026 EPS guidance raised to a range of $18.30 - $18.60 (adjusted guidance: $17.60 - $17.90).
- Billed business grew 8% year-over-year on an FX-adjusted basis.
- Provisions for credit losses decreased year-over-year due to a reserve release, while net write-off rate improved slightly.
- Significant investments in growth initiatives are highlighted, including the next generation of Amex Corporate™, new business banking offerings, and expanded partnerships (Marriott, Airbnb).
03—Questions
Frequently Asked Questions
What was the primary driver of American Express's revenue growth in Q3 2026?
The primary drivers of American Express's revenue growth in Q3 2026 were higher Card Member spending, increased net interest income supported by growth in card balances, and strong card fee growth.
Why did American Express raise its full-year EPS guidance?
American Express raised its full-year 2026 EPS guidance due to strong performance year-to-date, continued business momentum, successful investments in its Membership Model, and confidence in its ability to deliver strong long-term returns.
How is the company managing credit quality?
The company reported strong credit quality, with a decrease in consolidated provisions for credit losses compared to the prior year due to a reserve release. The net write-off rate also saw a slight improvement year-over-year.
What are some of the key strategic initiatives highlighted in the report?
Key strategic initiatives include the launch of the next generation of Amex Corporate™ with integrated expense management, the introduction of a new American Express Business Savings account, an extended partnership with Marriott International, an exclusive partnership with Airbnb, and advancements in AI and agentic commerce technologies.
04—Continue