American Express Falls 3% Despite Q3 Beat and Higher Profit Floor; Visa and Mastercard Slip

American Express (AXP) shares dropped 3% after announcing plans to cut 5% of its workforce, affecting about 3,800 jobs. The company reported Q3 adjusted earnings of $4.68 per share, beating estimates, but revenue of $20.06 billion missed forecasts. AXP raised its full-year earnings outlook and maintained 10% revenue growth expectations.

American Express (AXP) reported Q3 EPS of $5.42, beating estimates by 18.34%, with revenue at $20.10B. Management's premium-card strategy shows growth, but expenses rose 12% YoY. The stock is near $315.83, with conflicting technical signals. Bulls see potential above $319.26, while bears highlight weak weekly trends and overbought conditions.

American Express reported $454B in billings, missing estimates of $457B, but raised its full-year forecast. The company plans to cut 5% of its global workforce, affecting about 3,500 jobs, to improve agility. Net card fees rose 17% (adjusted for FX), and US consumer spending increased 9% YoY, though decelerating from the previous quarter.

American Express (AXP) reported Q3 2026 earnings with $5.42 EPS (up 31% YoY) and $20.1B revenue (up 9% YoY). Net income rose 28% to $3.7B. Stock fell 1.73% post-results, 17.5% below 52-week high. Growth driven by premium products, net card fees up 17%. Credit quality improved, provision expense down. Strategic partnerships and expansions announced.

American Express plans to cut 5% of its global workforce (3,800 roles) to streamline operations. The company reported higher Q3 profit and revenue, raising its full-year earnings outlook to $18.30-$18.60 per share. Shares fell 2.9% in premarket trading.

American Express reported Q3 2026 revenue of $20.062B, up 9% YoY, with net income rising 28% to $3.712B. EPS grew 31% to $5.42. The company raised full-year EPS guidance to $18.30-$18.60, citing strong business growth and customer retention. Shares dipped in premarket trading.