American Express revenue rallies 10% to $19.64bn
- American Express reported second-quarter revenue of $19.64 billion, up 10% year over year.
- Shares fell 2.3% to $340.84 in premarket trading despite an earnings-per-share beat.
- The company raised its 2026 revenue-growth forecast to 10% and maintained its profit guidance.
American Express (NYSE:AXP) reported second-quarter revenue of $19.64 billion, up 10%, as billed business reached $455.8 billion.
Diluted EPS rose to $4.53 from $4.08 and beat the $4.40 estimate, while revenue missed the $19.70 billion forecast.
Net income increased to $3.11 billion from $2.88 billion, while credit-loss provisions fell to $1.1 billion from $1.4 billion.
American Express maintained EPS guidance of $17.30–$17.90.
Following the announcement, American Express's share price was down 2.3% at $340.84.
American Express targets higher-income customers and generates revenue from card spending, annual fees, lending balances and merchant payments.
Recent initiatives include expanding premium card benefits and proposing TheFork’s acquisition to strengthen the company’s dining services.
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