Quarterly ResultJul 24, 2026, 12:11 PM
American Express Q2 Net Income +8% to $3.1B; EPS $4.53
AI Summary
American Express reported strong second-quarter 2026 results, with net income rising 8% to $3.1 billion and diluted EPS increasing 11% to $4.53. Total revenues net of interest expense grew 10% to $19.6 billion, driven by a 9% increase in billed business across all segments. The company also saw an 8% rise in Card balances and Other loans, while provisions for credit losses decreased 23%. Strategic initiatives include the proposed acquisition of TheFork and the sale of its equity interest in Global Business Travel Group, Inc.
Key Highlights
- Net income for Q2 2026 was $3.1 billion, up 8% from $2.9 billion in Q2 2025.
- Diluted EPS for Q2 2026 was $4.53, up 11% from $4.08 in Q2 2025.
- Total revenues net of interest expense increased 10% to $19.6 billion.
- Billed business grew 9% year-over-year, with G&S up 9% and T&E up 10%.
- Card balances and Other loans increased 8% to $229.5 billion.
- Provisions for credit losses decreased 23% to $1.1 billion.
- Returned $2.9 billion of capital to shareholders via repurchases and dividends.
- Announced proposed acquisition of TheFork and sale of Global Business Travel Group equity.
Price Impact
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