American Express Q2 Net Income $3.1B, Revenue Up 10%, Card Spending Up 9%... Raises Annual Outlook
American Express reported second-quarter 2026 net income of $3.1 billion and earnings per share of $4.53, up 8% and 11% year-over-year, respectively. Revenue rose 10% to $19.6 billion, and the company raised its full-year revenue growth outlook to 10%.
- American Express's Q2 2026 net income rose 8% to $3.1B, with EPS up 11% to $4.53
- It raised its full-year revenue outlook to 10%, but shares fell 2.27% on the news
American Express (AXP) shares were trading at $340.84, down 2.27% from the previous session, as of July 24 (local time). The company disclosed the same day in an 8-K filing with the U.S. Securities and Exchange Commission (SEC) that second-quarter 2026 net income came in at $3.1 billion, up 8% year-over-year.
📊 Price at time of writing (Jul 24, 2026, 21:11 KST)
$340.84 ▼ -2.27%
This Quarter's Results at a Glance
American Express's second-quarter revenue rose 10% year-over-year to $19.6 billion. The increase reflects higher spending by cardmembers and growing card loan balances, which lifted both interest income and annual fee revenue. Pretax income climbed 15% to $4.1 billion.
- Revenue: $19.6 billion, +10% year-over-year
- Earnings per share (EPS): $4.53, up from $4.08 a year ago (+11%)
- Net income: $3.1 billion, +8% year-over-year
- Pretax income: $4.1 billion, +15% year-over-year
Next Quarter Outlook
American Express raised its full-year revenue growth outlook to 10%, up from its previous guidance. The company kept its EPS guidance unchanged at $17.30 to $17.90. CEO Stephen Squeri said on the earnings call that 'cardmember spending is growing at its fastest pace in three years,' adding that the company plans to increase growth investments, building on stronger-than-expected first-half performance.
Market Reaction
Reaction from foreign media was mixed. Some outlets noted that revenue and profit beat market expectations, while others pointed out that net interest income fell short of forecasts. On the day of the earnings release, American Express shares traded at $340.84, down 2.27% from the previous session. Some analysts noted that expenses rose 12% year-over-year to $14.5 billion and the effective tax rate climbed to 23.6%, weighing on investor sentiment.
This article was automatically generated based on the original SEC 8-K filing and foreign media reports, with the goal of quickly delivering key data immediately after the announcement. Investors are advised to review the company's official filing before making trading decisions. Prices reflect the time of writing and may differ from current levels.
AXPFrequently Asked Questions
What's the one-line summary of American Express's Q2 earnings?
Both revenue and net income rose year-over-year, and the company raised its full-year revenue outlook to 10%. However, shares fell 2.27% on the day of the announcement.
What is earnings per share (EPS)?
EPS is a company's net income divided by its number of outstanding shares. American Express's Q2 EPS was $4.53, up 11% from a year earlier.
Why did the stock fall despite strong earnings?
Rising expenses, up 12% year-over-year, a higher tax burden, and softer-than-expected net interest income noted by some media outlets appear to have weighed on investor sentiment. The 8-K filing itself does not specify the exact reason for the decline.
How did the full-year outlook change?
The company raised its full-year revenue growth outlook to 10%. Its EPS guidance was left unchanged at $17.30 to $17.90.
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