American Express Co. (AXP), while reporting higher first-quarter earnings and revenues, on Thursday confirmed fiscal 2026 outlook.
For fiscal 2026, the company continues to expect earnings per share of $17.30 to $17.90, with 9 to 10 percent revenue growth.
Stephen Squeri, Chairman and Chief Executive Officer, stated, "We had a very strong start to the year, reflecting continued momentum across our premium customer base and execution of our proven growth strategy.... With our differentiated Membership Model, fueled by our premium Card Members, world-class partners, and the innovations and services delivered by our talented colleagues, we are confident in our ability to deliver sustainable long-term growth."
In the first quarter, the company's bottom line came in at $2.938 billion, compared to $2.552 billion last year. Earnings per share were $4.28, up 18 percent from $3.64 a year ago.
Consolidated expenses were $13.9 billion, up 11 percent year-over-year.
The company's consolidated total revenues for the period rose 11.4 percent to $18.907 billion from $16.967 billion last year. The growth was 10 percent on an FX-adjusted basis.
The company attributed the revenue growth primarily to higher Card Member spending, increased net interest income supported by growth in card balances, and strong card fee growth.
Billed Business increased 10 percent to $428.0 billion from $387.4 billion last year.
In pre-market activity, the shares were trading at $334.98, up 0.59 percent.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
For comments and feedback contact: editorial@rttnews.com
Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.