American Express lifts revenue growth guidance after stronger first-half performance

The institution reported net per stock of $4.53 for the 4th ended June 30, up of the statement estimation of $4.40. Revenue, nett of involvement expense, accrued 10% twelvemonth implicit twelvemonth to $19.64 billion, somewhat beneath expert expectations of astir $19.69 billion.

Net income roseate 8% to $3.11 cardinal from $2.89 cardinal a twelvemonth earlier, portion diluted net per stock accrued 11% from $4.08. Total billed business, a measurement of paper spending, roseate 9% twelvemonth implicit twelvemonth to $455.8 billion.

American Express raised its full-year 2026 gross maturation guidance to 10% from its anterior scope of 9% to 10%, portion maintaining its net per stock outlook of $17.30 to $17.90.

For the archetypal six months of 2026, revenue, nett of involvement expense, accrued 11% to $38.54 billion, portion nett income roseate 11% to $6.08 billion. Earnings per stock for the play climbed 14% to $8.81.

American Express CEO Stephen Squeri highlighted the company's stronger-than-expected first-half performance, noting that gross grew 10%, net per stock reached $4.53, and paper subordinate spending accrued 9%, marking "the highest complaint we've seen successful 3 years connected an FX-adjusted basis."

Squeri said that the stronger first-half results prompted the institution to rise its full-year gross maturation guidance to 10%, portion maintaining its net per stock outlook of $17.30 to $17.90.

He added that American Express plans to reinvest the outperformance into maturation initiatives "given the important opportunities we spot ahead."

He besides highlighted accelerating walk and gross maturation driven by investments successful the company's worth proposition, maturation successful its US Consumer Platinum portfolio, strengthening recognition performance, and continued lawsuit acquisition, peculiarly among Millennials and Gen Z consumers.