American Express beat Q2 profit estimates and raised revenue guidance while keeping full-year profit outlook unchanged.
Why it matters: The results offer a direct look at affluent consumer spending, especially on travel and dining. They also show continued demand for premium cards even as AmEx kept investing in marketing and technology.
- AmEx reported second-quarter 2026 net income of $3.11 billion, or $4.53 per share, on July 24, 2026.
- That topped analyst expectations of $4.40 per share and marked 8% year-over-year EPS growth.
- Average customer spending rose to $6,759 from $6,393 a year earlier.
- AmEx said higher cardmember spending, fewer delinquencies and growth in Platinum and Gold helped drive results.
American Express said second-quarter 2026 net income rose to $3.11 billion, or $4.53 per share, beating analyst expectations, according to AP News.
The company also said average customer spending reached $6,759 in the quarter, up from $6,393 a year earlier. In its release, AmEx said Q2 revenue increased 10% and card member spending grew 9%, while fewer delinquencies and growth in premium products such as Platinum and Gold supported the quarter. AmEx
CEO Stephen J. Squeri said the company delivered strong second-quarter results, with quarterly revenue reaching an all-time high of $16.3 billion. He also said investments in marketing and technology are driving customer demand, engagement and loyalty while supporting credit performance. AmEx
AmEx said it increased its revenue outlook for 2026 while leaving its full-year profit guidance unchanged. Reuters reported the company raised its revenue growth forecast and kept profit guidance steady, citing continued spending from affluent customers on travel and dining.
By the numbers
- $3.11 billion - AmEx's Q2 2026 net income.
- $4.53 - Q2 diluted earnings per share, above the $4.40 estimate.
- $6,759 - Average customer spending in the quarter, up from $6,393 a year earlier.