AMERICAN EXPRESS CO (AXP) Form 8-K — Oct 23, 2026
American Express delivered record Q3 2026 revenue of $20.1 billion, up 9% year-over-year, with net income of $3.7 billion and EPS of $5.42, up 31% (or $4.68 adjusted, up 13%). Results were driven by higher Card Member spending, growing net interest income, and strong card fee growth. The company raised its full-year 2026 EPS guidance to $18.30-$18.60 GAAP ($17.60-$17.90 adjusted) and said it is on track for another year of 10% revenue growth. GAAP results include a $982 million pre-tax gain from the sale of its GBTG equity interest and a $336 million restructuring charge.
Key figures
- Eps
- 5.42
- Revenue
- 20062000000
- Guidance
- FY2026 EPS raised to $18.30-$18.60 GAAP ($17.60-$17.90 adjusted); on track for 10% revenue growth
- Net Income
- 3712000000
- Revenue Yoy
- 9%
- Total Assets
- 310275000000
- Cash Position
- 43203000000
- Cet1 ratio
- 10.9%
- Adjusted eps
- $4.68 (+13% YoY)
- Cards in force
- 155.4 million (+3% YoY)
- Billed business
- $454.0 billion (+8% YoY)
- Network volumes
- $517.9 billion (+8% YoY)
- Dividend per share
- $0.95 (+16% YoY)
- Effective tax rate
- 18.1% (vs 24.1% prior year)
- Adjusted net income
- $3.2 billion
- Gbtg sale gain pretax
- $982 million
- Shares repurchased q3
- 5 million shares
- Net writeoff rate principal
- 1.8% (vs 1.9% prior year)
- Restructuring charge pretax
- $336 million
- Provisions for credit losses
- $985 million (-23% YoY)
AI analysis
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