American Express Raises Full-Year Revenue Guidance Following Strong First-Half Performance
Despite second-quarter revenue falling slightly below expectations, American Express reported stronger-than-anticipated first-half performance in fiscal year 2026. The company raised its full-year revenue growth guidance to 10% from a prior range of 9%-10%, while maintaining an EPS outlook between $17.30 and $17.90. For the second quarter, American Express reported earnings per share (EPS) of $4.53—above estimates—and total billed business rose 9% year-over-year to $455.8 billion. For the first six months of 2026, revenue increased by 11%, and net income grew 11%. CEO Stephen Squeri attributed strong performance to growth in its US Consumer Platinum portfolio, improved credit metrics, and customer acquisition among younger demographics like Millennials and Gen Z. The company plans to reinvest the outperformance into future initiatives. Despite better-than-expected results, American Express shares fell about 6% on Friday following a revenue miss.
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