American Express (NYSE: AXP) Q3 Earnings Exceed Estimates, Full-Year Forecast Raised
Key points
- Strong Q3 Earnings: American Express reported third-quarter earnings of $4.68 per share, surpassing the $4.50 estimate.
- Revenue Performance: The company's revenue reached $20.06 billion, slightly below the $20.12 billion estimate.
- Optimistic Outlook: American Express increased its full-year earnings forecast to $18.30–$18.60 per share, driven by continued customer spending growth.
American Express (NYSE: AXP) is a leading credit card company that earns revenue from card spending, fees, and interest. In its Q3 earnings results reported before the market opened on October 23, 2026, American Express posted third-quarter earnings of $4.68 per share, above the $4.50 estimate.
Company revenue was $20.06 billion, slightly below the $20.12 billion estimate. Revenue is the money a company brings in before expenses, while earnings per share show how much profit is attributed to each share.
American Express raised its full-year earnings forecast to $18.30–$18.60 per share, citing continued growth in customer spending, as highlighted by The Wall Street Journal. That forecast suggests the company expects spending to keep supporting profit outlook through the rest of 2026.
American Express’s trailing price-to-earnings ratio (P/E ratio) is 26.3, meaning its share price is 26.3 times its earnings over the past 12 months. This stock valuation ratio gives investors a way to compare the stock’s price with the profit the company generates.
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