American Express to Cut 5% of Global Workforce -- 3rd Update

American Express reported 3Q 2026 revenue of $20.1B, up 8.9% YoY, with net income rising 27.9% to $3.71B and EPS increasing 30.9% to $5.42. Growth was driven by higher card spending, fees, and net interest income, with international card services leading at 11%.

American Express plans to cut 5% of its global workforce while raising its 2026 earnings per share (EPS) outlook. The company maintained its revenue growth forecast of 10% and increased reported EPS guidance to $18.30–$18.60, and adjusted EPS guidance to $17.60–$17.90. AXP shares have fallen over 17% year-to-date.

American Express (AXP) reported Q3 adjusted EPS of $4.68, beating estimates by $0.18, but revenue of $20.06B missed expectations. The company raised its FY26 adjusted EPS guidance to $17.60–$17.90, while revenue growth guidance remains at 10%. Shares fell due to a slight revenue miss and rising customer-benefit costs.

American Express (AXP) reported Q3 earnings, noting an 8% rise in billed business and 17% growth in net card fees. The company added 3.1M new cards, with 76% on fee-paying products. Legal reserves increased by $0.51 per share, offset by tax benefits. Delinquency rates remained stable, and the company returned $2.2B to shareholders. AXP also highlighted new partnerships and AI-driven initiatives.

American Express reported Q3 2026 revenue of $20B, up 9%, and adjusted EPS of $4.68. The company reaffirmed 10% revenue growth and raised 2026 EPS outlook to $18.30-$18.60, according to CEO Stephen Squeri.

American Express (AXP) reported Q3 2026 earnings, highlighting a $336M restructuring charge to streamline operations and invest in growth. The company announced a partnership with Airbnb to expand travel benefits and discussed AI integration to enhance customer experience and acquisition. AXP aims to leverage AI for personalized services, proactive engagement, and secure payments.