AXP · Earnings call · 2026Q3T · Full report
Guidance / Outlook
AMERICAN EXPRESS CO · 2026-10-23 · Importance 79 · Surprise 76 · In source text
Management reaffirmed full-year 2026 revenue growth guidance of 10% and raised reported EPS guidance to $18.30–$18.60, or adjusted EPS guidance to $17.60–$17.90. CEO Steve Squeri said the company remains on track for 10% revenue growth and mid-teen EPS growth in 2026. CFO Christophe Le Caillec said the company is not providing 2027 guidance yet and expects to do so in January; he said moderating VCE growth should help sustain the company’s long-standing mid-teens EPS ambition.
Key facts
- American Express reaffirmed full-year revenue growth guidance of 10% and raised reported EPS guidance to $18.30–$18.60 and adjusted EPS guidance to $17.60–$17.90.
- Management said American Express was on track for another year of 10% revenue growth and mid-teen EPS growth.
- American Express expects VCE growth to moderate significantly in Q4 as it fully laps the Platinum refresh, returning to growth rates more consistent with pre-refresh levels.
- American Express does not expect the additional ongoing risk-and-controls investment cost to affect 2027 guidance.
- Management said the company would not provide 2027 guidance until January, while describing mid-teens EPS as its continuing ambition.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | — | American Express reaffirmed full-year revenue growth guidance of 10% and raised reported EPS guidance to $18.30–$18.60 and adjusted EPS… |
| net_income | positive | committed | — | American Express reaffirmed full-year revenue growth guidance of 10% and raised reported EPS guidance to $18.30–$18.60 and adjusted EPS… |
| net_income | positive | probable | — | Management said American Express was on track for another year of 10% revenue growth and mid-teen EPS growth. |