AMERICAN EXPRESS CO is expected to release its Q3 2026 10-Q filing in the upcoming earnings season. Last quarter: AXP reported Q2 FY2026 net income of $3.110B and diluted EPS of $4.53, supported by 9% billed-business growth, 10% growth in total revenues net of interest expense, lower credit-loss provisions, and continued investment in premium-card benefits. Source: 10-Q Item 2 MD&A, pp.2-6
Drawn from management commentary in the Q2 2026 10-Q:
Total revenues net of interest expense rose 10% year over year to $19.637B, led by a 9% increase in Discount revenue to $10.163B and a 15% increase in net card fees to $2.862B. Management attributed fee growth to premium-card portfolios, new-card acquisitions, retention, and product refreshes.
Billed business increased 9% to $455.8B, as Goods & Services spending grew 9% and Travel & Entertainment spending grew 10%. U.S. Consumer Services billed business grew 11%, Commercial Services grew 5%, and International Card Services grew 13% (12% FX-adjusted).
Provisions for credit losses fell 23% to $1.084B, primarily because AXP recorded reserve releases in Q2 FY2026 versus reserve builds in the prior-year period. The principal-only consumer and small-business net write-off rate remained 2.0%, while the 30+ days past-due rate improved to 1.2% from 1.3%.
Revenue
$11.21B
++8.63% YoY
EPS (Basic)
$4.54
++11.27% YoY
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