American Express Company (AXP) Earnings Call Transcripts
American Express Company's Latest Earnings Call - Q2 FY2026
In Q2 2026, American Express (AXP) reported a robust 10% revenue growth, achieving $15.5 billion, and an EPS of $4.53, up 11% year-over-year. Management raised full-year revenue growth guidance to 10% while maintaining EPS guidance of $17.30 to $17.90, indicating a strategic decision to reinvest excess revenue into growth initiatives rather than increasing shareholder returns. This performance reflects strong demand for premium products and effective customer acquisition strategies, positioning AXP for sustained growth in the second half of the fiscal year.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $15.5B (beat) |
| EPS | $4.53 (beat) |
| Pretax Income | $2.5B (positive) |
| Net Income | $1.9B (positive) |
| Delinquency Rate | 1.2%-1.3% (positive) |
| Card Fee Growth | 15.4% (positive) |
Guidance from management
Management raised full-year revenue growth guidance to 10% while maintaining EPS guidance of $17.30 to $17.90, indicating confidence in sustained performance despite portfolio sales impacts.
What management said
Yes. Darrin, thanks for the question. And let me ask Christophe to talk about sort of what we look at for the rest of the year from an operating leverage perspective. And then I'll come back and talk about AI.
What analysts pressed on
Analysts expressed concerns about the sustainability of revenue growth, particularly in light of potential impacts from the sale of small business co-brand portfolios. There were also questions regarding customer retention rates and the effectiveness of new product offerings in maintaining engagement.
Main topics on the call
- Revenue Growth and Guidance — American Express achieved 10% revenue growth this quarter, leading to a raised full-year revenue guidance to 10%. CEO Stephen Squeri stated, "Based on our better-than-expected performance year-to-date, we are raising our...
- Investment in Growth Initiatives — Management emphasized reinvesting revenue outperformance into growth initiatives rather than increasing EPS guidance. Squeri noted, "We can either drop the overperformance to the bottom line and buy back more shares or w...
- Strong Customer Acquisition and Engagement — The company reported strong engagement from younger demographics, with 65% of new consumer accounts coming from Millennials and Gen-Zs. Squeri highlighted that "the Platinum portfolio is now the fastest growing in our U....
- Credit Performance and Risk Management — American Express maintained strong credit performance, with delinquency rates between 1.2% and 1.3% for over three years. CFO Christophe Le Caillec stated, "Both delinquency and write-off rates remain below 2019 levels,"...
Read the full American Express Company transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About American Express Company
American Express Company (AXP) is a publicly listed company in the Consumer Finance industry, within the Financials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 81 calls on record spanning January 24, 2020 to July 24, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 81 American Express Company earnings call transcripts on record, spanning January 24, 2020 to July 24, 2026. Based on this history, American Express Company reports quarterly. The most recent call on file is dated July 24, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- AXP
- Exchange
- NYSE
- Country
- US
- Sector
- Financials
- Industry
- Consumer Finance
- Calls on record
- 81
- First call
- January 24, 2020
- Most recent
- July 24, 2026
- Reporting cadence
- quarterly