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AMERICAN EXPRESS CO
American Express released its Q3 2026 financial report and amended its certificate of incorporation to eliminate all outstanding 'Series D' preferred shares. Additionally, the company updated its senior executive severance plan, which became effective on July 21, 2026.…more
AMERICAN EXPRESS CO
American Express reported Q3 2026 net income of $3.7 billion and revenue of $20.1 billion, representing year-over-year growth of 28% and 9%, respectively. Based on strong performance, the company raised its full-year 2026 EPS guidance and remains on track to deliver 10% annual revenue growth.…more
AMERICAN EXPRESS CO
American Express (AXP) has disclosed delinquency and write-off statistics for its U.S. Consumer and Small Business card portfolios as of September 30, 2026. The total card balance reached $160.9 billion, with the U.S. consumer segment reporting a 1.2% delinquency rate (30+ days) and a 1.5% net write-off rate for the month of September.…more
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American Express Reports Strong Q3 Earnings Despite Restructuring Charges…more
American Express utilized gains from its GBTG stake sale to fund efficiency initiatives, resulting in a $336 million restructuring charge in Q3. Despite this, the company achieved significant year-over-year net income growth driven by strong performance from its premium customer base.…more
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The CFO of American Express stated that recent workforce reductions are part of a strategic move to prepare for AI integration. While aimed at improving operational efficiency, the impact of these cuts and future AI investments on the company's stock remains to be seen.…more
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American Express reported strong third-quarter earnings and raised its annual profit guidance, but shares fell due to planned 5% workforce cuts and regulatory penalties. While consumer spending remains resilient, rising costs and restructuring charges weighed on investor sentiment.…more
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