American Express Q4 Earnings Call Highlights

5 days ago 4

MarketBeat

Fri, January 30, 2026 astatine 10:28 AM CST 7 min read

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American Express reported a grounds full‑year gross of $72 billion and EPS of $15.38 (up 15% ex‑Accertify), and guided 2026 gross maturation of 9–10% with EPS of $17.30–$17.90.
The institution is shifting selling toward premium products (notably Platinum), driving higher fee-paying premix and engagement — question bookings roseate ~30% and nett paper fees grew 18% to a grounds $10 billion, with paper interest maturation expected to exit 2026 successful the precocious teens.
Credit and superior returns stay strong: loans and receivables roseate 7%, delinquency/write-off rates are beneath 2019 levels, ROE was 34%, and the steadfast returned $7.6 billion to shareholders portion raising the quarterly dividend 16% to $0.95.
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American Express (NYSE:AXP) executives pointed to different twelvemonth of double-digit gross maturation and dependable recognition show arsenic the institution closed retired 2025, portion offering 2026 guidance that reflects continued momentum successful premium products and ongoing concern successful exertion and cardmember worth propositions.

Chairman and CEO Steve Squeri said the institution delivered “another twelvemonth of beardown performance,” noting that full-year gross roseate 10% to a grounds $72 billion. Earnings per stock were $15.38, up 15% from the anterior twelvemonth excluding an Accertify gain. Squeri besides highlighted what helium described arsenic “excellent recognition quality” and continued concern to fortify the company’s rank model.

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Chief Financial Officer Christophe Le Caillec echoed those themes, saying American Express posted 10% gross maturation successful 2025 and maintained a absorption connected premium products and precocious recognition standards. He said nett paper fees grew 18% to a grounds $10 cardinal for the year, portion the institution continued to standard the concern done concern intended to enactment operating leverage implicit time.

Le Caillec said billed concern successful the 4th fourth accrued 8% connected an FX-adjusted basis, accordant with the 3rd quarter. He described some goods and services and question and amusement (T&E) arsenic increasing faster than successful the archetypal fractional of the year.

Retail spending roseate 10% successful the quarter, and luxury retail spending accrued 15%, which absorption said reflected the spot of its lawsuit base.
Restaurant spending was up 9% again successful the quarter, and walk astatine U.S. Resy restaurants by U.S. user customers roseate by much than 20%.
International walk climbed 12% FX-adjusted, which absorption characterized arsenic broad-based crossed user and concern customers and geographies.
Transactions maturation was 9%, accordant with trends seen passim the year.