American Express Q3 2026 Earnings Call Transcript
Key takeaways
- American Express delivered record revenue and earnings, reaffirmed a 10% revenue growth target, and raised its EPS guidance, signaling continued strength and confidence in its premium‑card model.
- Revenue $20.1 billion (+9%)
- GAAP EPS $5.42 (+31%)
- Adjusted EPS $4.68 (+13%)
What happened
American Express (NYSE: AXP) posted third‑quarter 2026 results with record revenue of $20.1 billion, up 9% year‑over‑year, and GAAP earnings per share of $5.42, a 31% increase. Adjusted EPS was $4.68, up 13% from the prior year. The company returned $2.2 billion to shareholders through share repurchases ($1.6 billion) and dividends ($0.6 billion) and ended the quarter with a CET1 ratio of 10.9%. It reaffirmed full‑year revenue growth guidance of 10% and raised EPS guidance to $18.30–$18.60…
Why it matters
The results confirm that American Express continues to generate strong top‑line growth and profitability, reinforcing investor confidence in its premium‑card business. The capital return signals confidence in cash flow, while the raised EPS guidance lifts the company’s valuation expectations. The 10% revenue growth…
Short-term and longer-term
Short-term. Over the next few days, watch for the market’s reaction to the raised EPS guidance and the capital return.
Longer-term. For investors, the key takeaway is that American Express is maintaining robust growth and profitability while returning cash to shareholders.