American Express Q3 2026: EPS beats, guidance raised to $17.60 to $17.90

Jefferies kept a Hold rating and $330 price target on American Express (AXP) after its Q3 earnings beat estimates. AXP reported $4.68 EPS, above consensus, and $20.1B revenue, slightly below expectations. The company raised its EPS guidance and repurchased $1.6B in shares. AXP was fined $350M for compliance failures, but analysts note stable credit trends.

American Express (AXP) announced plans to cut 5% of its global workforce, affecting around 3,850 employees. The company will take a $336M restructuring charge in Q3, according to CEO Stephen Squeri. This move aims to enhance agility and efficiency, allowing greater investment in business priorities.

American Express (AXP) stock fell 2.4% in pre-market trading after announcing plans to cut 3,500 jobs (5% of workforce). Q3 adjusted EPS of $4.68 beat estimates, but revenue of $20.06B missed expectations. Network volume also fell short. The company raised its 2026 EPS guidance but reaffirmed 10% revenue growth target. Analysts noted the EPS beat was partly due to lower loan-loss provisions and a favorable tax rate.

William Blair maintained an Outperform rating on American Express (AXP) after its Q3 2026 results. The company beat EPS estimates at $4.68 but missed revenue expectations by $58 million. AXP raised its full-year EPS guidance and trades at a P/E ratio of 19.74. The company faces a $350 million penalty for compliance failures and reported stable delinquency rates. Analysts note stable trends in credit performance for card issuers.

American Express raised its 2026 profit forecast, exceeding Wall Street estimates, and announced plans to cut 5% of its global workforce. The company reported a 10% rise in travel and entertainment spending, driven by airline and restaurant categories. Billed business increased 8% to $454 billion, and revenue rose 9% to $20.1 billion. Adjusted profit per share was $4.68, surpassing expectations of $4.48. The stock fell 1.3% in premarket trading.

American Express reported a 28% profit increase in Q3, with earnings of $5.42 per share (excluding one-time gains). Revenue grew due to higher spending and card fees, including a $200 annual fee increase for the Platinum Card. Nearly all customers retained the card. The company raised its full-year earnings forecast to $17.60-$17.90 per share.