$225 Billion Mega-Cap American Express Struggles to Match Nasdaq Gains

American Express stock, with a market cap of $225 billion, has been trading below its 200-day and 50-day moving averages since this month. Despite reaching a 52-week high of $387.49 on December 12, 2025, the stock has slipped 14.3% from that peak. Over the past three months, AXP has grown 4.9%, outperforming the Nasdaq Composite's 1.9% decline.

However, over the longer term, American Express stock has underperformed the Nasdaq Composite. The company's revenue for Q2 2026 rose 19.4% from the prior year's period to $19.6 billion, but missed Street forecasts. Adjusted EPS came in at $4.53, beating estimates.

American Express expects full-year revenue growth of 10%, up slightly from a previous outlook of 9% to 10% growth, with EPS guidance of $17.30 to $17.90. Analysts are moderately optimistic about the stock, with an overall consensus rating of 'Moderate Buy' and a mean price target of $376.10, offering a 12.9% upside potential.