American Express Q2 revenue rises on higher spending; lifts 2026 outlook
AXP•Guidance raised for 2026
American Express raised its full-year 2026 revenue growth guidance to 10%.
The company maintained its FY 2026 EPS guidance at $17.30 to $17.90.
The company said it plans to reinvest outperformance in growth initiatives.
Drivers and analyst coverage
Card member spending was the main driver of revenue growth in Q2, according to the company.
Lower provisions for credit losses, due to a reserve release, also contributed to results.
The company continued to attract new customers, particularly Millennials and Gen-Zs, supporting growth.
The current average analyst rating on the shares is "buy", with 16 "strong buy" or "buy", 15 "hold" and 1 "sell" or "strong sell".
Wall Street's median 12-month price target for American Express Co is $372.50, about 9.3% above its July 23 closing price of $340.84.
