American Express Company (NYSE:AXP, XETRA:AEC1) shares fell about 6% on Friday after the company reported second-quarter revenue that came in slightly below Wall Street expectations, despite beating profit estimates.
The company reported earnings per share of $4.53 for the quarter ended June 30, ahead of the consensus estimate of $4.40
Revenue, net of interest expense, increased 10% year over year to $19.64 billion, slightly below analyst expectations of approximately $19.69 billion. Net income rose 8% to $3.11 billion from $2.89 billion a year earlier, while diluted earnings per share increased 11% from $4.08. Total billed business, a measure of card spending, rose 9% year over year to $455.8 billion.
American Express raised its full-year 2026 revenue growth guidance to 10% from its prior range of 9% to 10%, while maintaining its earnings per share outlook of $17.30 to $17.90. For the first six months of 2026, revenue, net of interest expense, increased 11% to $38.54 billion, while net income rose 11% to $6.08 billion. Earnings per share for the period climbed 14% to $8.81.