OpenNashEarnings

Payments · NYSE: AXP

American Express earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 29 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

American Express delivered record Q3 revenue of $20.1 billion, up 9% YoY, as EPS rose 31% to $5.42, or 13% to $4.68 on an adjusted basis.

American Express reported third-quarter revenue of $20.1 billion, up 9% from a year ago, driven by higher Card Member spending, growing interest income and strong card fee growth. Net income was $3.7 billion, or $5.42 per share. Excluding a gain on the sale of its Global Business Travel Group stake, net of restructuring, adjusted EPS was $4.68, up 13%. Credit stayed strong, with a net write-off rate of 1.8 percent.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗

Quarters

KPI history

Revenue$11.2B+7.8% y/yQ3 2026
Q4 2024: $10.0B (worked out from the annual figure)Q4 ’24$10.0BQ1 2025: $9.6BQ1 ’25$9.6BQ2 2025: $10.3BQ2 ’25$10.3BQ3 2025: $10.4BQ3 ’25$10.4BQ4 2025: $10.9B (worked out from the annual figure)Q4 ’25$10.9BQ1 2026: $10.5BQ1 ’26$10.5BQ2 2026: $11.2BQ2 ’26$11.2BQ3 2026: $11.2BQ3 ’26$11.2B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$10.0B *
Q1 2025$9.6B
Q2 2025$10.3B
Q3 2025$10.4B
Q4 2025$10.9B *
Q1 2026$10.5B
Q2 2026$11.2B
Q3 2026$11.2B
Diluted EPS (GAAP)$5.42+30.9% y/yQ3 2026
Q1 2025: $3.64Q1 ’25$3.64Q2 2025: $4.08Q2 ’25$4.08Q3 2025: $4.14Q3 ’25$4.14Q1 2026: $4.28Q1 ’26$4.28Q2 2026: $4.53Q2 ’26$4.53Q3 2026: $5.42Q3 ’26$5.42
Data
Q1 2025$3.64
Q2 2025$4.08
Q3 2025$4.14
Q1 2026$4.28
Q2 2026$4.53
Q3 2026$5.42

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Free cash flow$4.4B−20.5% y/yQ3 2026
Q4 2024: $5.3BQ4 ’24$5.3BQ1 2025: $4.3BQ1 ’25$4.3BQ2 2025: $3.7BQ2 ’25$3.7BQ3 2025: $5.6BQ3 ’25$5.6BQ4 2025: $2.3BQ4 ’25$2.3BQ1 2026: $2.7BQ1 ’26$2.7BQ2 2026: $4.5BQ2 ’26$4.5BQ3 2026: $4.4BQ3 ’26$4.4B
Data
Q4 2024$5.3B
Q1 2025$4.3B
Q2 2025$3.7B
Q3 2025$5.6B
Q4 2025$2.3B
Q1 2026$2.7B
Q2 2026$4.5B
Q3 2026$4.4B

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$10.0Bd$9.6B$10.3B$10.4B$10.9Bd$10.5B$11.2B$11.2B
Net income$2.2Bd$2.6B$2.9B$2.9B$2.5Bd$3.0B$3.1B$3.7B
Diluted EPS—$3.64$4.08$4.14—$4.28$4.53$5.42
Operating cash flow$5.8Bd$4.8B$4.4Bd$6.2Bd$3.1Bd$3.8B$5.4Bd$5.4Bd
Capital expenditure$495.0Md$430.0M$619.0Md$654.0Md$722.0Md$1.1B$898.0Md$947.0Md
Free cash flow$5.3B$4.3B$3.7B$5.6B$2.3B$2.7B$4.5B$4.4B

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings