American Express Raises Revenue Outlook After Strong First-Half Performance
American Express (NYSE:AXP) has raised its revenue growth forecast for 2026 to around 10%, citing strong first-half performance. The company reported a 10% increase in foreign-exchange-adjusted revenue, mid-teens earnings per share (EPS) growth, and double-digit net interest income growth during the period. The CFO highlighted robust cardmember spending trends, with billings growing between 8-9%, while card fees rose by 16%. The company is channeling its better-than-expected performance into customer acquisition, technology development, and product innovation. International business has grown significantly over three years, contributing to the overall growth trajectory. American Express remains focused on long-term goals of achieving consistent revenue expansion and mid-teens EPS growth. It emphasized that these targets are aspirational rather than formal guidance.
Tickers: $AXP
Topics: consumer_finance credit_cards finance