Launch Catch-Up — October 23, 2026 Results
American Express raised its annual earnings forecast on October 23 after reporting third-quarter revenue, net of interest expense, of $20.1 billion, up 9% from a year earlier.
In its SEC-filed release, the company reported $3.7 billion in net income, compared with $2.9 billion. Earnings per share reached $5.42, versus $4.14.
The reported results benefited from selling its interest in Global Business Travel Group. Adjusted earnings, which exclude that gain net of associated restructuring costs, were $4.68 a share, up 13%.
Billed business totaled $454 billion, an 8% increase. Provisions for credit losses fell to $1 billion from $1.3 billion, partly reflecting a reserve release.
Management forecast full-year reported earnings of $18.30–$18.60 per share, or $17.60–$17.90 adjusted, and said it remained on track for 10% revenue growth. These are company projections, subject to credit conditions, spending and other risks.
Sources: American Express — October 23 earnings release filed with the SEC: https://www.sec.gov/Archives/edgar/data/4962/000000496226000405/q326exhibit991.htm