AXP · American Express Co
$302.78
+0.69 (+0.23%)
At close · Oct 2
Return incl. dividend (before tax)
Market Cap
$206.24B
Shares
675.31M
Volume · Oct 2
2.78M
Avg daily vol (3M)
2.92M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$302.78
Open$304.00
Day$299.83–304.00
52W close$292.27–384.89
Avg vol 30d3.0M
Short int10.8M · 1.6% float · 4.7d
Short vol49%
Last earningsOct 23, 2026
DataJan 2020–Oct 2026
Filing10-Q · Jul 24
Up next
Next earnings call
Oct 23, 2026
Scheduled
· in 3 wks
filed Jul 24, 2026
call held Jul 24, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$75.95B
Trailing 12 months
Net income (TTM)
$11.45B
Trailing 12 months
Revenue growth YoY
+10.0%
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
18.3
Trailing earnings · reciprocal yield 5.5%
FCF yield
7.3%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
−$13.48B
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-2.9%
Year over year · fewer shares
Price change (1Y)
-8.1%
Trailing year
Short interest
1.6%
Latest settlement · 4.7 days to cover
AI Brief
Q2 FY26 earnings call · Jul 24, 2026
Q2 FY26
TL;DR. American Express reported Q2 2026 revenue up 10% and EPS of $4.53 (+11% YoY), driven by the highest billed business growth in three years (9% FX-adjusted). The company raised its full-year 2026 revenue growth guidance to 10% (maintained EPS guidance of $17.30–$17.90) and plans to reinvest the outperformance into growth initiatives including customer acquisition, technology, and the pending TheFork acquisition.
Bullish
- + Raised full-year 2026 revenue growth guidance to 10% on better-than-expected first half performance.
- + Q2 billed business growth accelerated to 9% FX-adjusted, the highest in three years, with U.S. consumer up 11%.
- + Q2 EPS rose 11% YoY to $4.53 with net card fees up 15% and pretax income up 15%.
- + Net card fee growth expected to accelerate to high teens exiting Q4, driven by Platinum repricing.
- + Credit performance remains best-in-class with delinquency and write-off rates below 2019 levels.
- + Strong capital returns of $2.9B in Q2 ($2.2B buybacks, $0.6B dividends) with ROE of 36%.
Bearish
- − Sale of small business cobrand portfolios will create ~1ppt drag on Q4 spend growth and ~2.5ppt drag on NII.
- − VCE-to-revenue ratio now expected at 44%–45% for FY 2026, higher than originally expected due to stronger spend.
- − Q2 marketing spend guidance stepped up to ~10% YoY in H2 to fund customer acquisition investment.
- − Consolidated expenses up 12% YoY in Q2, outpacing revenue growth, driven by higher VCE from Platinum refresh and benefit usage.
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Research
our published analysis of this company
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Strong Sell
Momentum
Very Weak
Sentiment
Bearish
Fundamentals
Excellent
Quant / Vol
Low
Market backdrop
VIX 15.3 · calm
Equity put/call 0.58
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−9%
below
Price vs 50-day avg
−8%
below
RSI (14)
33
neutral
MACD trend
Negative
52-week position
11%
near low
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−8%
trailing
6-month return
−7%
trailing
YTD return
−18%
this year
Relative strength
−19%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $327 › 200d $332 — 200d above 50d
Institutional flow
Distributing
16 of 3,030 funds reported for Sep 30 · net -21.6K sh shares · +1 new
Insider flow
Distributing
Net -$3.0M over 90 days · 100% sells
Short interest
Rising
1.60% of float · ▲ +3.4% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
3,030 holders — near 3-yr high, broad support
Squeeze score
49
elevated · 0–100
Fundamentals
Revenue growth
+13%
Y/Y
EPS growth
+10%
Y/Y
Free cash flow
$16.0B
Valuation
P/E 18.5
in line
Balance sheet
$10.0B
net debt
Quant / Vol
risk profile
Volatility
27%
annualized · 1-yr
Max drawdown
−24%
past year
ATR
1.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 24, 2026
FY 2026
Revenue growth
Initiated
10%
full-year 2026
Revenue growth
Initiated
10%
EPS
Initiated
$17.30 – $17.90
prior FY $15.38
midpoint +14.4% Y/Y
Guided vs delivered
· last 2 settled
Full-year EPS
full-year 2024
guided $13.30 – $13.80
$14.01
Beat +3.4%
EPS
full-year 2023
guided $11.00 – $11.40
$11.21
In line
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−9%
Bearish
Price vs 50-day avg
−8%
Bearish
RSI (14)
33
Neutral
MACD trend
Negative
Bearish
52-week position
11%
Bearish
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Bearish · 3 of 6
Trend (MA cross)
No cross
50d $327 › 200d $332 — 200d above 50d
Institutional flow
Distributing
16 of 3,030 funds reported for Sep 30 · net -21.6K sh shares · +1 new
Insider flow
Distributing
Net -$3.0M over 90 days · 100% sells
Short interest
Rising
1.60% of float · ▲ +3.4% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
3,030 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $292
Now $303 · 11%
Range high $385
vs 200-day avg -9%
vs 50-day avg -8%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| 30+ days past due as a % of total — consumer and small business | 1.2% | Three Months Ended June 30, 2026 filing | — |
| 90+ days past billing as a % of total — corporate | 0.4% | Three Months Ended June 30, 2026 filing | — |
| Average Card Member spending | $9,607 | Three Months Ended June 30, 2026 filing | — |
| Average fee per card | $131 | Three Months Ended June 30, 2026 filing | — |
| Average high-quality liquid assets (HQLA) amount | $18.92B | Three Months Ended June 30, 2026 filing | — |
| Average Liquidity Coverage Ratio | 197% | Three Months Ended June 30, 2026 filing | — |
| Average Net Stable Funding Ratio (NSFR) | 121% | Three months ended June 30, 2026 filing | — |
| Average proprietary basic Card Member spending | $6,535 | Three Months Ended June 30, 2026 filing | — |
| Average proprietary basic Card Member spending (dollars) | $6,759 | Three Months Ended June 30, 2026 filing | — |
| Average total adjusted net cash outflow | $9.63B | Three Months Ended June 30, 2026 filing | — |
| Billed business (billions) | 455.8B | Three Months Ended June 30, 2026 filing | — |
| CS Billed business (billions) | 141.8B | Three Months Ended June 30, 2026 filing | — |
| Discount revenue as a % of billed business | 2.23% | Three Months Ended June 30, 2026 filing | — |
| Net interest yield | 8.1% | Three Months Ended June 30, 2026 filing | — |
| Net write-off rate — principal only — consumer and small business | 1.8% | Three Months Ended June 30, 2026 filing | — |
| Net write-off rate — principal only — small business | 2.4% | Three Months Ended June 30, 2026 filing | — |
| Net write-off rate — principal, interest and fees | 2.2% | Three Months Ended June 30, 2026 filing | — |
| Network volumes | 516.8B | Three Months Ended June 30, 2026 filing | — |
| Proprietary new cards acquired | 3M | Three Months Ended June 30, 2026 filing | — |
| Return on average equity | 36.4% | Three Months Ended June 30, 2026 filing | — |
| USCS Average proprietary basic Card Member spending (dollars) | $5,654 | Three Months Ended June 30, 2026 filing | — |
| USCS Billed business (billions) | 196.4B | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Credit Services — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
AXP
this stock
American Express Co
|
$206.24B | -18.2% | +13.4% | 18.5 | 1.6% |
|
V
Visa Inc.
|
$655.56B | +2.8% | -4.9% | — | 1.0% |
|
MA
Mastercard Inc
|
$497.27B | -3.3% | +16.4% | 31.2 | 0.8% |
|
COF
Capital One Financial Corp
|
$119.78B | -19.7% | +36.6% | 11.7 | 1.6% |
|
PYPL
PayPal Holdings, Inc.
|
$48.55B | -9.6% | +4.3% | 10.3 | 3.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| AXP | -2.0% | -8.2% | -6.5% | -0.4% | -18.2% |
| SPY | -0.2% | -0.5% | +12.2% | +0.9% | +12.9% |
| vs SPY | -1.8% | -7.7% | -18.7% | -1.4% | -31.0% |
Capital returns
Declared · upcoming
$0.95
/ share · ex Oct 9, 2026
Paid (TTM)
$0.00
/ share · 0 payouts
Dividend yield (TTM, derived)
— · no payout in the trailing year
Buyback program
· as of Dec 31, 2025
Authorized
shares 120.00M
Spent (derived)
shares 62.00M
Remaining
shares 58.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.