Overview
- American Express reported third-quarter billed business of $454 billion, revenue of $20.1 billion, and adjusted earnings of $4.68 per share.
- The company raised its full-year 2026 adjusted profit guidance to a range of $18.30 to $18.60 per share, up from prior expectations.
- AmEx said nearly all cardholders shifted to and retained the higher-fee $895 Platinum Card, helping net card fees rise by more than $400 million year over year.
- Consolidated provisions for credit losses fell to $1.0 billion from $1.3 billion a year earlier, signaling stable borrower performance among its customer base.
- AmEx is investing to attract younger customers even as it leans on affluent spending for growth, a mix that could sustain fee revenue and give investors insight into discretionary spending trends.