American Express has raised its full-year 2026 revenue growth forecast to 10% year-on-year, driven by continued spending on travel, entertainment, and dining by its affluent customers. However, the company kept its full-year earnings per share outlook unchanged at $17.30 to $17.90, which disappointed investors and sent the stock lower. CEO Stephen Squeri explained that the company chose to reinvest outperformance into business growth. In the second quarter, earnings per share came in at $4.53, beating market expectations, and revenue rose 10% to $19.6 billion, but consolidated expenses swelled 12% to $14.5 billion.
American Express CompanyCompany kept full-year EPS outlook unchanged, disappointing investors despite raising revenue forecast.