American Express (AXP) Stock Falls Despite Q2 Earnings Beat and Raised Forecast
TLDR
- AmEx raised its full-year 2026 revenue growth forecast to 10%, in line with Wall Street expectations
- Q2 revenue rose 10% to $19.6 billion; billed business jumped 9% to $455.8 billion
- EPS came in at $4.53, beating analyst estimates of $4.40
- Credit loss provisions fell to $1.1 billion, down from $1.4 billion a year ago
- AXP stock was down 1.4% in premarket trading despite the strong results
American Express (AXP) stock slipped 1.4% in premarket trading on Friday after the company raised its 2026 revenue growth forecast to 10% and posted a Q2 earnings beat.
The stock’s dip came despite results that came in ahead of Wall Street expectations on both the top and bottom lines.
AmEx reported Q2 revenue of $19.6 billion, up 10% year-over-year. Billed business — total spending on AmEx cards — rose 9% to $455.8 billion on a foreign exchange-adjusted basis.
AMERICAN EXPRESS $AXP Q2’26 EARNINGS HIGHLIGHTS
🔹 Revenue: $19.64B (Est. $19.7B) 🔴; +10% YoY
🔹 EPS: $4.53 (Est. $4.41) 🟢; +11% YoY
🔹 Billed Business: $455.8B (Est. $454.8B) 🟢; +9% YoY
🔹 Credit Loss Provision: $1.10B (Est. $1.38B) 🟢
🔹 Card Member Spending: +9% YoY
🔹 Net… pic.twitter.com/n3BBrFCttk… Continue reading the full article at the original source below.
