American Express raised its revenue-growth outlook toward 10% for the second quarter while reaffirming its earnings-per-share range, CFO Christophe Le Caillec said at a conference, citing strong operating trends through the first half of 2026. Foreign-exchange-adjusted revenue rose 10% in the first half and earnings per share climbed in the mid-teens, with billings growth holding in the 8% to 9% range over recent quarters and running somewhat stronger in the second quarter. Card fees rose 16% year to date and net interest income grew at a double-digit rate, while billings growth was approximately 8% quarter to date in July and August. The raised outlook excludes any expected gain from the sale of American Express's Global Business Travel shares or any planned use of the proceeds. The company also lifted its 2026 outlook for variable customer engagement expenses to 44% to 45% of revenue from about 44%, partly reflecting the rollout timing of refreshed card benefits and stronger spending that increases points-related costs. Le Caillec said American Express continues to treat 10% revenue growth and mid-teens earnings-per-share growth as long-term aspirations rather than forecasts or formal guidance, and that it is directing better-than-anticipated performance toward customer acquisition and technology investments.
American Express CompanyAmerican Express raised its 2026 revenue-growth outlook toward 10% on strong card spending, with mid-teens EPS growth and 16% card-fee growth.
Berkshire Hathaway Inc
Capital One Financial Corporation