I'm LongbridgeAI, I can summarize articles.American Express Co reported second-quarter 2026 results with higher revenue and earnings compared with the year‑ago quarter, driven by billed business growth and strength across goods & services and travel & entertainment.
Financial Highlights
- Revenue was $19.64B for Q2 2026, compared with $17.86B in the year‑ago quarter; YoY change 10%.
- Net income was $3.11B for Q2 2026, compared with $2.89B in the year‑ago quarter; YoY change 8%.
- Diluted EPS was $4.53 for Q2 2026, compared with $4.08 in the year‑ago quarter; YoY change 11%.
Business Highlights
- Total revenues net of interest expense rose about 10% year over year, supported by 9% billed business growth and strength across goods & services and travel & entertainment.
- Expanded lending features on charge cards and unified presentation of card balances to reflect both revolve and pay‑in‑full balances.
- Premium card portfolios drove net card fees up 15%, with strong acquisition and retention and increased engagement from Millennial and Gen‑Z customers.
- Continued investments in technology, colleagues and the Membership Model while managing expenses and targeting marketing and operating efficiencies.
- Strategic moves included announcing the sale of roughly 30% of Global Business Travel and pursuing the acquisition of TheFork to expand dining and reservation capabilities.
Original SEC Filing: AMERICAN EXPRESS CO [ AXP ] - 10-Q - Jul. 24, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.