The company generated earnings of $4.53 per share during the quarter, ahead of analyst expectations of earnings of $4.41 per share and up 11.0 percent year over year.
The enterprise recorded quarterly revenue of $19.64 billion, below analyst projections of $19.69 billion despite annual revenue growth of 10.0%.
The quarterly revenue growth was primarily fueled by increased Card Member spending, higher net interest income due to growth in card balances, and robust card fee growth.
Looking ahead, American Express released forward earnings outlook for the fiscal year 2026 in the range of $17.30 to $17.90 per share, compared with analyst expectations of $17.64 per share. forward revenue outlook was set between $79.45 billion, versus consensus estimates of $79.49 billion.
Consolidated provisions for credit losses in the second quarter were $1.1 billion, down from $1.4 billion a year ago, reflecting a reserve release compared to a reserve build in the prior year, partially offset by higher net write-offs.
Stephen J. Squeri, Chairman and Chief Executive Officer, stated, “Six months into the year, we’re seeing stronger momentum than we expected. The investments we made in our value propositions have driven accelerated spend and revenue growth; our Platinum portfolio is now the fastest growing in our U.S. Consumer business.”
