American Express Co
AXP
ISIN null / Valor 906153
American Express Co
UMushroom community rating:
About company
American Express Co., established in 1850, is a globally integrated payments company known for its wide range of financial products and services. Initially starting as a freight forwarding company, it has evolved significantly over the years, introducing its first charge card in the 1950s, which marked its entry into the financial services sector. The company has since expanded its offerings to include a variety of card products and travel services, catering to both individual and corporate clients. American Express operates the Global Network Services (GNS) group, leveraging its global infrastructure to extend its reach worldwide. The company is also known for its premium travel services, including the Centurion Lounge network, which provides exclusive amenities to cardholders at airports around the world. With a focus on innovation and customer service, American Express continues to enhance its product offerings and expand its global presence.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (02.06.2026):
American Express Co reported Q1 2026 results: total revenues net of interest expense of $18.907 billion (up 11% year-over-year, 10% FX‑adjusted), net income of $2.971 billion (up 15%), and diluted EPS of $4.28 (up 18%). Card Member spending accelerated to double-digit growth, credit performance remained strong, and the company reaffirmed full‑year 2026 guidance while boosting investments in marketing and technology.
Revenue
Total revenues net of interest expense were $18,907 million (+11% YoY; +10% FX‑adjusted). Billed business was $428.0 billion (+10% YoY; +9% FX‑adjusted). Revenue strength was driven by higher Card Member spending, increased net interest income from card balances, and card fee growth.
Profitability
Net income was $2.971 billion, up 15% year‑over‑year. Diluted earnings per common share were $4.28, up 18% from $3.64. Average diluted common shares outstanding were 686 million, down ~2% versus prior year.
Card Member Spend
Card Member spending growth accelerated to 10% (9% FX‑adjusted), noted as the highest quarterly growth in three years and driven by demand and engagement with premium products.
Credit Quality
Consolidated provisions for credit losses were $1.3 billion (vs. $1.2 billion a year ago). The first‑quarter net write‑off rate was 2.0% (down from 2.1% a year ago); the company described credit performance as excellent.
Expenses & Tax
Consolidated expenses totaled $13.9 billion (+11% YoY), primarily reflecting higher variable customer engagement costs, the U.S. Platinum Card refresh, and increased travel/lifestyle benefit usage. The consolidated effective tax rate was 21.4% (down from 22.4%), reflecting discrete tax benefits in the quarter.
Guidance & Capital Allocation
American Express Co reaffirmed its full‑year 2026 guidance: revenue growth of 9–10% and EPS of $17.30–$17.90. Management said it will increase investments in marketing and technology to pursue long‑term growth opportunities.
Strategic Initiatives
Quarter highlights included becoming the Official Payments Partner of the NFL (and extending the NBA partnership), launching the Graphite Business Cash Unlimited Card, announcing the Amex Agentic Commerce Experiences developer kit and Agent Purchase Protection, Resy platform enhancements, and Centurion Lounge expansions. Summarized from source with an LLMView Source
Key figures
Performance
Volatility
240152 M
Market cap (USD)
2,441,150
Daily traded volume (Shares)
299.7 / 294.13
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
Thomas Daniells
Xuhan Tu
Shivesh Lochunah
EQUITIES OF THE SAME SECTOR
