Quarterly ResultJul 24, 2026, 07:06 AM
American Express Raises FY26 Revenue Guidance to 10%; Q2 EPS $4.53
AI Summary
American Express Company reported strong second-quarter 2026 financial results, with diluted earnings per share rising 11% to $4.53 and total revenues net of interest expense increasing 10% to $19.6 billion. Driven by better-than-expected performance, the company raised its full-year 2026 revenue growth guidance to 10%. Additionally, American Express announced the proposed acquisition of TheFork and highlighted several new partnerships and initiatives.
Key Highlights
- Raised full-year 2026 revenue growth guidance to 10%.
- Reported Q2 2026 diluted EPS of $4.53, an 11% increase year-over-year.
- Total revenues net of interest expense grew 10% to $19.6 billion in Q2 2026.
- Card Member spending increased 9% on an FX-adjusted basis in Q2 2026.
- Announced proposed acquisition of TheFork, a European restaurant booking platform.
- Provisions for credit losses decreased 23% to $1.1 billion in Q2 2026.
- Cards-in-force reached 155.1 million, up 4% year-over-year.
Price Impact
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