Amex 10-Q Details Record Q3: Revenue $20.1B, EPS $5.42, Full-Year Guidance Raised
AXP is trading near its 52-week low of $290.967 (7.7% above the low).
Summary
Amex's Q3 10-Q shows revenue up 9% to $20.1 billion and diluted EPS of $5.42, lifted by a $982 million GBTG gain and partly offset by a $336 million restructuring charge, with full-year EPS guidance raised to $17.60-$17.90.
Key Events · Earnings and Guidance · AXP
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Record Q3 Revenue, EPS Jump
Total revenues net of interest expense rose 9% to $20,062 million, and net income climbed 28% to $3,712 million; diluted EPS was $5.42 versus $4.14 a year ago.
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One-Time Items Flavor the Quarter
Results include a $982 million pre-tax gain ($751 million after tax, $1.11 per share) on the GBTG stake sale and a $336 million restructuring charge ($253 million after tax, $0.37 per share).
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Credit Losses Fall on Reserve Release
Provisions for credit losses dropped 23% to $985 million, driven by a $235 million reserve release versus a $109 million build a year ago; the net write-off rate eased to 2.1% from 2.2%.
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Capital Return and CET1
CET1 stood at 10.9%, within the 10-11% target range; Amex returned $2.24 billion in Q3 via $1.6 billion of buybacks (4.8 million shares at an average $331.37) and $641 million of dividends.
Analysis · AXP · Finance
The full quarterly report behind this morning's earnings release carries more weight in the detail than in the headline. Revenue rose 9% to $20.1 billion and net income jumped 28% to $3.7 billion, though a big chunk of that was one-time: a $982 million pre-tax gain ($1.11 per share after tax) on selling the GBTG stake, partly offset by a $336 million restructuring charge ($0.37 per share). Strip those out and the core story is still solid — billed business up 8%, net card fees up 16%, credit losses down 23% on a reserve release. What will drive the stock today is the raised full-year EPS range of $17.60 to $17.90. Watch the expense line: Card Member services costs jumped 36% as the refreshed Platinum benefits get used, and management flagged that growth should moderate next quarter.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 36.7% of the 1026 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.76%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, AXP was trading at $313.30 on NYSE in the Finance sector, with a market capitalization of approximately $211.6B. The 52-week trading range was $290.97 to $387.49. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.