TLDR
- AXP stock traded near $326 in premarket Friday, up about 1%, after closing Thursday at $325.17.
- Q3 adjusted EPS came in at $4.68, above the $4.50 estimate and up from $4.14 a year ago.
- Revenue grew 8.9% to $20.06 billion, just under the $20.12 billion estimate.
- Billed business rose 8% to $454 billion on a foreign-exchange adjusted basis.
- The stock is down 12% this year but up 7% from its Oct. 1 close of $302.09.
American Express (AXP) stock was trading near $326 in premarket on Friday, up about 0.6%. It closed Thursday at $325.17, a gain of 0.5%.
The move followed third-quarter results that topped profit estimates. Adjusted earnings came in at $4.68 a share, above the $4.50 Wall Street expected.
A year ago, the company earned $4.14 a share. That is a rise of about 13%.
AMERICAN EXPRESS $AXP Q3’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $20.1B (Est. $20.12B) 🟡; +9% YoY
🔹 GAAP EPS: $5.42; +31% YoY
🔹 Adj. EPS: $4.68 (Est. $4.48) 🟢; +13% YoY
🔹 Pretax Income: $4.53B; +18% YoY
🔹 Net Income: $3.7B; +28% YoYFY26 Guide:
🔹 Adj. EPS: $17.60-$17.90 (Est.… pic.twitter.com/vb5esJIviu— Wall St Engine (@wallstengine) October 23, 2026
Revenue grew 8.9% to $20.06 billion. That was a touch below the $20.12 billion analysts expected, according to FactSet.
Spending and Guidance
Billed business, the company’s measure of card spending, rose 8% to $454 billion on a foreign-exchange adjusted basis. That was down slightly from $455.8 billion in the second quarter.
Amex said growth came from higher card member spending and stronger net interest income. Rising card balances and card fee growth also helped.
CEO Stephen Squeri pointed to strength in billings, new acquisitions and card member retention. He also cited excellent credit quality.
In other words, higher rates and sticky inflation have not slowed the company’s mostly affluent cardholders much. They are still swiping.
One report said Amex narrowed its full-year adjusted earnings guidance to $17.60 to $17.90 a share. The prior range was $17.30 to $17.90.
The company also said it remains on track for full-year revenue growth of 10%.
Reports on the numbers differ, though. Investing.com cited a raised EPS range of $18.30 to $18.60 and third-quarter EPS of $5.42.
Investing.com also said the stock was slightly lower in premarket trading Friday. Other reports showed a small gain.
How the Stock Has Traded
Even with Thursday’s gain, AXP is down 12% this year as of the closing bell. The stock has been climbing back lately, though.
It has risen 7% since closing at $302.09 on Oct. 1, which marked a recent bottom. It has also reclaimed its 50-day moving average.
The latest reading showed AXP near $326 in premarket trading on Friday, with reports split on whether it was slightly up or slightly down.
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