American Express Tops Q1 Estimates On Strong Spending And Fee Growth

American Express (NYSE:AXP) reported first-quarter results that exceeded analyst expectations, supported by robust cardholder spending, rising balances, and strong fee income.

The company posted earnings per share of $4.28, beating the consensus estimate of $4.00. Revenue totaled $18.91 billion on an FX-adjusted basis, increasing 10% year-over-year and exceeding the $18.61 billion forecast.

American Express indicated that the revenue growth was driven primarily by higher Card Member spending, increased net interest income resulting from higher card balances, and continued strength in card fee revenue.

The company reaffirmed its full-year 2026 outlook, expecting revenue growth of 9% to 10% and earnings per share between $17.30 and $17.90. The midpoint of this range was broadly in line with the analyst consensus estimate of $17.56.