American Express Lifts FY26 EPS Guidance to $18.30-$18.60 After Q3 Profit Jumps 27%

American Express Co. (AXP) raised its full-year 2026 earnings guidance to $18.30-$18.60 per share from a prior range of $17.30-$17.90, after reporting third-quarter net income of $3.65 billion, or $5.42 per share, up 27% from $2.87 billion, or $4.14 per share, a year earlier. Adjusted earnings came in at $4.69 per share versus $4.14, while consolidated revenues net of interest expense rose 9% to $20.06 billion from $18.43 billion on higher Card Member spending, card balances and fee growth. Net interest income grew 10% to $4.94 billion. The company maintained its 10% revenue growth outlook for fiscal 2026. Credit loss provisions fell to $1.0 billion from $1.3 billion, reflecting a reserve release versus a year-earlier reserve build, partly offset by higher net write-offs. Consolidated expenses rose 9% to $14.55 billion on higher variable customer engagement costs. AXP traded at $319.32 on the NYSE, down $5.86, or 1.80%.