American Express Beats Q1 Consensus Estimates
American Express reported first-quarter earnings per share of $4.28, an 18% increase year-over-year, surpassing analyst expectations. The company reaffirmed its full-year guidance.
New York – American Express on Tuesday announced its first-quarter financial results, exceeding analyst consensus estimates. The company posted earnings per share of $4.28, an 18% increase from the previous year and more than 6% above the average estimate from analysts.
Net interest income rose 11% to $18.91 billion, while cardholder spending increased by 9% on a constant-currency basis. This growth reflects strong demand and engagement with the company's premium products.
CEO Stephen J Squeri highlighted that cardholder spending saw its strongest growth in three years, driven by robust demand and excellent credit performance. American Express reaffirmed its full-year 2026 outlook, anticipating earnings per share between $17.30 and $17.90, with revenue expected to grow 9% to 10%.
The company also intends to increase investments in marketing and technology to capitalize on long-term growth opportunities. Squeri expressed confidence in the company's ability to deliver sustainable long-term growth through its differentiated membership model, global partnerships, and ongoing innovations.