American Express raises 2026 revenue guidance to 10% after second quarter revenue increased 10%

American Express reported second quarter 2026 revenue of $19.6 billion, up 10% year-over-year, and EPS of $4.53, an 11% increase. The company's performance was bolstered by strong spending trends, leading it to raise its full-year revenue growth outlook.

Key Highlights

• The company raised its full-year 2026 revenue growth guidance to 10%, while reaffirming its EPS forecast of $17.30 to $17.90.
• Card Member spending grew 9% on an FX-adjusted basis to $455.8 billion, which the CEO noted was the highest rate seen in three years.
• Provisions for credit losses decreased to $1.1 billion from $1.4 billion in the prior year, reflecting a reserve release during the quarter compared to a reserve build a year ago.