Amex Raises Revenue Outlook Amid Increased Spending Plans
American Express reported strong quarterly earnings, driven by a 10% year-over-year increase in revenue to $19.6 billion.
This growth pushed per-share income up from $4.08 in the same period last year to $4.53 for the three months ending in June.
The company raised its 2026 revenue guidance to 10% above last year's top line of just over $72.2 billion, up from a predicted range of 9% to 10% given with this year's first-quarter results.
However, American Express didn't raise its full-year earnings expectations in step with its upward-revised revenue guidance, still anticipating per-share earnings of only $17.30 to $17.90 for 2026.
CFO Christophe Le Caillec attributed this decision to increased investments in new customer acquisition and technology development, which may drive long-term growth.