Earnings call analysis

American Express (AXP) Q3 2026 Earnings Call: Guidance and Outlook

The company reaffirmed its full-year revenue growth guidance of 10% and raised its full-year EPS guidance.

About American Express. Operating globally, American Express Company and its affiliated entities deliver a comprehensive suite of charge and credit payment card solutions, alongside a variety of travel-related offerings.

Call date

Oct 23, 2026

Sentiment score

+35 Balanced

Management tone, -100 to +100

Sentiment change

vs Q2 2026 call

Sector

Financials, Consumer Finance

Next report

Jan 29, 2027

View calendar

Quarterly guidance

Quarterly guidance: No quarterly guidance was given.

Annual guidance

Revenue growth: 10%
Reported EPS: $18.30 to $18.60
Adjusted EPS: $17.60 to $17.90

Outlook

AI Strategy: AI is viewed as an accelerator for long-term growth, with focus on value propositions, acquisition, engagement, payments, and servicing.
VCE Expenses: Growth in card member services is expected to moderate significantly in Q4 as the company laps the Platinum refresh.
Credit Performance: The portfolio is becoming increasingly premium, with stable delinquency rates and best-in-class credit results.
Commercial Segment: The company is focused on middle-market growth through new products like the corporate cashback card and expense management capabilities.
Capital Returns: The company remains committed to returning excess capital to shareholders through dividends and share repurchases.

Sources and method

Dombey's summary of the American Express Q3 2026 earnings call held Oct 23, 2026, written from the call itself. Every figure on this page was checked against what was said on the call, and quoted lines are management's own words; we do not add estimates or prices. The tone score is our read of management's wording, guidance and answers. Check figures against the company's SEC filings before acting. This is research, not investment advice.

Updated Nov 9, 2026. All earnings call analyses

Research access

Research published before the catalyst, kept on the record after it.

Free AccountComplimentaryA DombeyAI account at no cost: the daily market view, earnings call analysis, a watchlist and every published pick tracked from the day it was named.Create a free account Standard Access$6.67 / monthOngoing catalyst coverage and the complete public-research archive, for readers who want to follow forthcoming events and revisit the firm's published thinking.Start Standard Access RecommendedFounding Membership$1,200 / yearInstitutional access to the complete research suite, proprietary models and execution strategy.Become a Founding Member