American Express Q3 revenue just misses estimates; lifts profit guidance

Overview

• Payments network's Q3 revenue rose 9% yr/yr, slightly missing analyst expectations

• Adjusted EPS for Q3 rose 13% to $4.68

• Company raised full-year 2026 EPS guidance

Outlook

• American Express raises FY 2026 EPS guidance to $18.30-$18.60, $17.60-$17.90 adjusted

• Company expects to deliver about 10% revenue growth for full-year 2026

Result Drivers

• CARD MEMBER SPENDING - Co said higher Card Member spending drove Q3 revenue growth

• NET INTEREST INCOME - Growth in card balances led to higher net interest income, per co

• CARD FEES - Strong card fee growth contributed to Q3 revenue increase, according to co

Company press release: Full Story

Key Details

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the consumer lending peer group is "buy"

• Wall Street's median 12-month price target for American Express Company is $375.00, about 15.3% above its October 22 closing price of $325.17

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads

• Oct 23 - American Express raises 2026 profit forecast as affluent customers keep spending

• Oct 22 - Enova Q3 adjusted EPS beats estimates on healthy loan demand, stable credit

• Oct 21 - Pressure on lower-income US households raises delinquency risks, Morningstar DBRS says

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)