American Express Q3 FY2026: revenue up 8.9%, adjusted EPS up 13.0%
American Express closed Q3 FY2026 with $20.06 billion of revenue, up 8.9%, and adjusted EPS of $4.68, up 13.0% and 3.3% ahead of the $4.53 consensus. The GAAP $5.42 includes a $1.11 gain on the GBTG sale, so use the adjusted line and the raised $17.60–$17.90 guidance to see the real trend. Credit stayed clean, with net write-offs at 1.8%.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $5.42 rose 31%, but $1.11 of that came from the GBTG sale gain; adjusted EPS of $4.68 rose 13.0% and cleared the $4.53 consensus. Net income of $3.71 billion rose 28%, or 11% to $3.21 billion adjusted. The 18.1% effective tax rate, down from 24.1%, did real work here and is the main reason to discount the headline growth.
Total revenues net of interest expense were $20.06 billion, up 8.9% from $18.43 billion, driven by higher Card Member spending, more net interest income on bigger card balances and stronger card fees. Billed business of $454.0 billion rose 8.0%. One caution: the structured data feed in this filing shows revenue of $11.23 billion, about half the press-release figure — trust the release, which states the $20.1 billion number in several places.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-10-23
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