American Express Company · AXP · FY2025 Q2 · Calendar Q3 2025

American Express: Premium-card momentum meets execution risks

The current and prior analyses support a constructive but conditional view: premium-card growth, fee momentum, product refreshes, and international expansion support the growth case, while competition, travel sensitivity, expense execution, and SMB losses remain material tests.

Reported Before market openNYSEFinancial Services $205.30B market cap
100quality score

Earnings scorecard

Reported versus consensus
Reported EPS $4.08 Consensus $3.89
EPS surprise +4.9% Reported versus consensus
Reported revenue $17.86B Consensus $17.71B
Revenue surprise +0.8% Reported versus consensus

Market reaction

prior-close to event-session close
Stock move -2.3% Event window
SPY move -0.1% Same window
Abnormal move -2.3% Stock minus SPY
Volume 1.8× Versus trailing sessions
Subsequent drift -0.8% Up to 20 sessions
AXPSPY benchmark

Ask FN2 about AXP FY2025 Q2

Transcript, numbers and history already loaded
Why did AXP fall 2.3% after beating EPS estimates in FY2025 Q2?What changed in AXP's guidance and outlook in FY2025 Q2?Give me the bull and bear case for AXP after FY2025 Q2 earnings.

Free account. Your question opens in FN2 with this report's transcript and numbers attached.

Transcript intelligence

What changed

Relative to the prior analysis, management added greater emphasis on the upcoming U.S. Platinum refresh, airport-lounge expansion through Sidecar concepts, international merchant acquisition, and the Coinbase stablecoin partnership. The broader product-refresh and technology-investment strategy continued.

Guidance delta

Maintained; management reaffirmed full-year 2025 guidance of 8–10% revenue growth and $15–$15.50 EPS.

Key takeaways

  • Management described record Q2 revenue and EPS, with premium cards supporting double-digit card-fee growth and strong credit quality.
  • The company reaffirmed full-year 2025 guidance and plans a U.S. Platinum refresh in the fall.
  • New emphasis includes international merchant expansion, airport-lounge capacity, and a Coinbase stablecoin partnership.

Management priorities

  • Execute the U.S. Platinum card refresh and continue global premium-product refreshes.
  • Expand airport-lounge capacity, including Sidecar micro-lounges.
  • Accelerate international merchant acquisition and coverage.
  • Deepen the Coinbase stablecoin partnership and explore further blockchain use cases.
  • Continue investment in technology, risk management, and product innovation.

Follow AXP with an agent that reads every filing, transcript, and price print. Free to start.

Try FN2 free

Earnings History

Estimate Beat Miss Match
AXP EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $2.64 Q4 '23 actual $2.62, miss Q1 '24 estimate $2.96 Q1 '24 actual $3.33, beat Q2 '24 estimate $3.24 Q2 '24 actual $3.49, beat Q3 '24 estimate $3.28 Q3 '24 actual $3.49, beat Q2 '25 estimate $3.89 Q2 '25 actual $4.08, beat Q3 '25 estimate $4.00 Q3 '25 actual $4.14, beat Q4 '25 estimate $3.54 Q4 '25 actual $3.53, match Q1 '26 estimate $4.00 Q1 '26 actual $4.28, beat Q2 '26 estimate $4.41 Q2 '26 actual $4.53, beat Q3 '26 estimate $4.52 Q4 '26 estimate $4.28 Q1 '27 estimate $4.73 Q2 '27 estimate $5.08
Show less

Analyst Consensus ?

ConsensusHold57 ratings
Bullish2340.4%
Neutral3052.6%
Bearish47.0%

Analyst 52W Price Targets

$304.02Previous close
$145Low
$270.3Average
$415High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 6, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Barclays Equal Weight Equal WeightMaintainOct 5, 2026
Evercore ISI Group In Line In LineMaintainOct 1, 2026
Citigroup Neutral NeutralMaintainSep 30, 2026
Truist Securities Buy BuyMaintainSep 23, 2026
Piper Sandler Overweight OverweightMaintainAug 12, 2026
Show 52 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $304.02. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
UBSAnalyst unavailable$345$302.78 +13.5%Oct 5, 2026
BarclaysAnalyst unavailable$342$302.78 +12.5%Oct 5, 2026
Evercore ISIAnalyst unavailable$320$304.1 +5.3%Oct 1, 2026
UBSErika Najarian$384$336.25 +26.3%Aug 3, 2026
Morgan StanleyAnalyst unavailable$382$332.24 +25.6%Jul 27, 2026
See 107 more

Track every rating change on AXP the moment it posts. Free to start.

Start free

Company context

Snapshot as of publication

Operating globally, American Express Company and its affiliated entities deliver a comprehensive suite of charge and credit payment card solutions, alongside a variety of travel-related offerings. Its business structure is organized into three primary divisions: the Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Among its core offerings are diverse payment and financing instruments, robust network infrastructure services, tools for managing accounts payable expenses, and comprehensive travel and lifestyle support.…

Historical context

All AXP earnings
-4.3%FY2026 Q2 · Calendar Q3 2026-4.3%FY2026 Q1 · Calendar Q2 2026+7.3%FY2025 Q3 · Calendar Q4 2025

Financial Services peers this season

Latest reports in the same sector
CompanyQuarterEPS surpriseMarket moveHeadline
FDS FactSet Research Systems Inc. FY2026 Q4 · Calendar Q3 2026 +3.9% +3.8% FactSet reports record FY26 results as AI and MCP adoption accelerate
PUK Prudential plc FY2026 Q2 · Calendar Q3 2026 -40.9% -0.5% Prudential sustains growth and capital returns focus in H1 2026
CM Canadian Imperial Bank of Commerce FY2026 Q3 · Calendar Q3 2026 +8.9% -2.8% CIBC Q3: Broad growth, resilient credit and expanded AI rollout
TD The Toronto-Dominion Bank FY2026 Q3 · Calendar Q3 2026 +13.8% +1.4% TD emphasizes growth investments alongside disciplined capital management
RY Royal Bank of Canada FY2026 Q3 · Calendar Q3 2026 +6.2% -1.3% RBC reports record Q3 earnings while investing for growth
AFRM Affirm Holdings, Inc. FY2026 Q4 · Calendar Q3 2026 +1230.3% +0.3% Affirm's most profitable quarter shifts focus to product execution

Latest beats and misses

Who reports next

Beat on EPS

Missed on EPS

Get the AXP recap when the next report posts

One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.

Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2026-07-26T00:37:55.686058+00:00
  3. Polygon adjusted daily market bars · 2026-10-06T07:30:42.275771+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-06T07:30:42.272987+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-06. For educational purposes only; not investment advice.