Analyst Consensus ?
ConsensusHold57 ratings
Bullish2340.4%
Neutral3052.6%
Bearish47.0%
American Express Company · AXP · FY2025 Q3 · Calendar Q4 2025
American Express raises guidance as Platinum refresh gains traction
The supplied analysis supports a constructive near-term operating thesis: premium-card refreshes, travel spending, younger customer acquisition and international growth are supporting revenue and EPS momentum. The key counterweights are retention costs, variable-cost pressure and the need to sustain premium acquisition.
Reported Before market openNYSEFinancial Services
$206.82B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$4.14
Consensus $4.00
EPS surprise
+3.5%
Reported versus consensus
Reported revenue
$18.43B
Consensus $18.05B
Revenue surprise
+2.1%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+7.3%
Event window
SPY move
+0.6%
Same window
Abnormal move
+6.7%
Stock minus SPY
Volume
2.6×
Versus trailing sessions
Subsequent drift
+3.0%
Up to 20 sessions
AXPSPY benchmark
Ask FN2 about AXP FY2025 Q3
Transcript, numbers and history already loaded
Why did AXP rise 7.3% after beating EPS estimates in FY2025 Q3?What changed in AXP's guidance and outlook in FY2025 Q3?Give me the bull and bear case for AXP after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior quarter, management reported stronger growth, raised full-year revenue and EPS guidance, and provided evidence that the Platinum refresh was driving acquisition and engagement. Credit metrics remained favorable, while retention and margin execution became more important watchpoints.
Guidance delta
Raised full-year guidance to 9–10% revenue growth and $15.20–$15.50 EPS from the prior quarter’s 8–10% revenue growth and $15.00–$15.50 EPS.
Key takeaways
- Revenue grew 11% year over year to $18.4 billion and EPS rose 19% to $4.14.
- Refreshed U.S. Consumer and Business Platinum cards reached 3.2 million new cards, with more than 70% fee-paying.
- Credit performance remained strong, with delinquencies below 2019 levels and declining write-offs.
- International spend grew 13% on an FX-adjusted basis, while younger customers continued to gain share of spend.
Management priorities
- Continue the consumer and business card refresh pipeline.
- Expand digital expense-management tools and the Amex Travel platform.
- Increase merchant coverage outside the United States.
- Develop new premium-card tiers and partner benefits.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$306.33Previous close
$145Low
$270.94Average
$415High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Sep 29, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Truist Securities | Buy | Buy | Maintain | Sep 23, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Aug 12, 2026 |
| UBS | Neutral | Neutral | Maintain | Aug 3, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 27, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Jul 27, 2026 |
| BTIG | Sell | Sell | Maintain | Jul 27, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Jul 13, 2026 |
| HSBC | Hold | Hold | Maintain | Jul 13, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 9, 2026 |
| TD Cowen | Hold | Hold | Maintain | Jul 7, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 7, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 28, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 9, 2026 |
| Freedom Capital Markets | Hold | Sell | Upgrade | Oct 24, 2025 |
| Freedom Broker | Hold | Sell | Upgrade | Oct 24, 2025 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Oct 1, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Jul 21, 2025 |
| Citigroup | Neutral | Neutral | Maintain | Jul 2, 2025 |
| Redburn Atlantic | Neutral | Sell | Upgrade | Apr 23, 2025 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 21, 2025 |
| Monness, Crespi, Hardt | Buy | Buy | Maintain | Apr 8, 2025 |
| Baird | Neutral | Underperform | Upgrade | Mar 14, 2025 |
| Compass Point | Neutral | Neutral | Maintain | Jan 27, 2025 |
| Jefferies | Hold | Hold | Maintain | Jul 9, 2024 |
| BMO Capital | Underperform | Underperform | Maintain | Apr 22, 2024 |
| Oppenheimer | Outperform | Outperform | Maintain | Apr 5, 2024 |
| Stephens & Co. | Equal Weight | Underweight | Upgrade | Jan 2, 2024 |
| DZ Bank | Hold | Buy | Downgrade | Jul 25, 2023 |
| Argus Research | Buy | Buy | Maintain | Jan 31, 2023 |
| Credit Suisse | Underperform | Underperform | Maintain | Jan 30, 2023 |
| Redburn Partners | Neutral | Neutral | Maintain | Nov 29, 2022 |
| Atlantic Equities | Neutral | Neutral | Maintain | Oct 12, 2022 |
| CFRA | Buy | Buy | Maintain | Jul 22, 2022 |
| Edward Jones | Buy | Hold | Upgrade | Jun 6, 2022 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | May 12, 2022 |
| Daiwa Capital | Buy | Hold | Upgrade | Feb 10, 2022 |
| Seaport Global | Neutral | Neutral | Maintain | Aug 30, 2021 |
| Susquehanna | Neutral | Neutral | Maintain | Jan 12, 2021 |
| Nomura | Buy | Buy | Maintain | Mar 20, 2020 |
| Bank of America | Neutral | Buy | Downgrade | Dec 19, 2018 |
| Buckingham Research | Neutral | Buy | Downgrade | Nov 29, 2018 |
| Buckingham | Neutral | Buy | Downgrade | Nov 29, 2018 |
| Argus | Hold | Buy | Downgrade | May 5, 2018 |
| Guggenheim | Buy | Neutral | Upgrade | Apr 25, 2017 |
| Tigress Financial | Neutral | Neutral | Maintain | Mar 24, 2017 |
| Keefe Bruyette & Woods | Outperform | Market Perform | Upgrade | Jan 30, 2017 |
| Macquarie | Underperform | Underperform | Maintain | Apr 21, 2016 |
| DA Davidson | Neutral | Neutral | Maintain | Jan 13, 2016 |
| JMP Securities | Perform | Market Perform | Maintain | Dec 22, 2015 |
| Bernstein | Outperform | Outperform | Maintain | May 6, 2015 |
| Sandler O'Neil | Buy | Hold | Upgrade | Oct 20, 2014 |
| Pacific Crest | Perform | Sector Perform | Maintain | Jun 16, 2014 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Feb 5, 2014 |
| Janney Capital | Buy | Neutral | Upgrade | Feb 5, 2014 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Dec 19, 2013 |
| Evercore Partners | Equal Weight | Overweight | Downgrade | Dec 19, 2012 |
| PiperJaffray | Neutral | Neutral | Maintain | Apr 19, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $306.33. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Erika Najarian | $384 | $336.25 | +25.4% | Aug 3, 2026 |
| Morgan Stanley | Analyst unavailable | $382 | $332.24 | +24.7% | Jul 27, 2026 |
| Evercore ISI | Analyst unavailable | $370 | $331.4 | +20.8% | Jul 27, 2026 |
| BTIG | Analyst unavailable | $315 | $326.17 | +2.8% | Jul 27, 2026 |
| HSBC | Analyst unavailable | $329 | $350.58 | +7.4% | Jul 13, 2026 |
| UBS | Analyst unavailable | $386 | $355.4 | +26.0% | Jul 7, 2026 |
| Barclays | Analyst unavailable | $364 | $356.03 | +18.8% | Jul 7, 2026 |
| Evercore ISI | Analyst unavailable | $380 | $354.51 | +24.0% | Jul 6, 2026 |
| BTIG | Analyst unavailable | $324 | $340.88 | +5.8% | Jun 30, 2026 |
| Piper Sandler | Analyst unavailable | $396 | $340.88 | +29.3% | Jun 29, 2026 |
| Loop Capital Markets | Analyst unavailable | $389 | $309.7 | +27.0% | May 21, 2026 |
| Evercore ISI | John Pancari | $345 | $316.15 | +12.6% | Apr 29, 2026 |
| Goldman Sachs | Analyst unavailable | $400 | $318.88 | +30.6% | Apr 28, 2026 |
| Barclays | Analyst unavailable | $322 | $318.38 | +5.1% | Apr 24, 2026 |
| Morgan Stanley | Jeffrey Adelson | $385 | $326.96 | +25.7% | Apr 16, 2026 |
| RBC Capital | Analyst unavailable | $415 | $313.84 | +35.5% | Apr 10, 2026 |
| Wells Fargo | Analyst unavailable | $415 | $317.77 | +35.5% | Apr 9, 2026 |
| Evercore ISI | John Pancari | $393 | $367.72 | +28.3% | Feb 10, 2026 |
| UBS | Erika Najarian | $395 | $355.23 | +28.9% | Feb 4, 2026 |
| Truist Financial | Analyst unavailable | $400 | $352.46 | +30.6% | Feb 2, 2026 |
| Morgan Stanley | Jeffrey Adelson | $395 | $356.52 | +28.9% | Jan 20, 2026 |
| RBC Capital | Analyst unavailable | $425 | $359.34 | +38.7% | Jan 12, 2026 |
| Credit Suisse | Analyst unavailable | $328 | $375.61 | +7.1% | Jan 12, 2026 |
| UBS | Analyst unavailable | $385 | $375.61 | +25.7% | Jan 12, 2026 |
| BTIG | Vincent Caintic | $328 | $375.61 | +7.1% | Jan 12, 2026 |
| Evercore ISI | John Pancari | $400 | $380.42 | +30.6% | Jan 6, 2026 |
| Goldman Sachs | Analyst unavailable | $420 | $378.23 | +37.1% | Jan 6, 2026 |
| Barclays | Analyst unavailable | $367 | $379.8 | +19.8% | Jan 6, 2026 |
| Truist Financial | Analyst unavailable | $420 | $377.42 | +37.1% | Dec 22, 2025 |
| Wells Fargo | Analyst unavailable | $425 | $380.75 | +38.7% | Dec 17, 2025 |
| Morgan Stanley | Jeffrey Adelson | $370 | $381.96 | +20.8% | Dec 16, 2025 |
| Compass Point | Dominick Gabriele | $324 | $343.23 | +5.8% | Oct 20, 2025 |
| Truist Financial | Brian Foran | $395 | $343.98 | +28.9% | Oct 20, 2025 |
| BTIG | Analyst unavailable | $307 | $346.62 | +0.2% | Oct 20, 2025 |
| Barclays | Analyst unavailable | $355 | $346.62 | +15.9% | Oct 20, 2025 |
| Wells Fargo | Analyst unavailable | $400 | $346.62 | +30.6% | Oct 20, 2025 |
| HSBC | Saul Martinez | $295 | $324.44 | -3.7% | Oct 10, 2025 |
| UBS | Analyst unavailable | $340 | $327.16 | +11.0% | Oct 7, 2025 |
| Barclays | Analyst unavailable | $336 | $330.24 | +9.7% | Oct 6, 2025 |
| Evercore ISI | Analyst unavailable | $365 | $342.31 | +19.2% | Sep 30, 2025 |
| Morgan Stanley | Analyst unavailable | $362 | $341.68 | +18.2% | Sep 29, 2025 |
| Truist Financial | Brian Foran | $375 | $327.26 | +22.4% | Sep 15, 2025 |
| Wells Fargo | Analyst unavailable | $375 | $326.22 | +22.4% | Sep 5, 2025 |
| BTIG | Vincent Caintic | $277 | $318.99 | -9.6% | Jul 14, 2025 |
| Wells Fargo | Analyst unavailable | $327 | $325.61 | +6.7% | Jul 2, 2025 |
| Truist Financial | Analyst unavailable | $315 | $242.51 | +2.8% | Apr 21, 2025 |
| Compass Point | David Rochester | $325 | $302.11 | +6.1% | Dec 19, 2024 |
| Morgan Stanley | Jeff Adelson | $252 | $275.28 | -17.7% | Oct 21, 2024 |
| Monness | Gus Gala | $300 | $276.16 | -2.1% | Oct 14, 2024 |
| HSBC | Saul Martinez | $270 | $273.79 | -11.9% | Oct 8, 2024 |
| BTIG | Vincent Caintic | $230 | $273.79 | -24.9% | Oct 8, 2024 |
| Bank of America Securities | Mihir Bhatia | $280 | $270.38 | -8.6% | Sep 23, 2024 |
| Bank of America Securities | Mihir Bhatia | $263 | $253.08 | -14.1% | Aug 21, 2024 |
| Monness | Gus Gala | $265 | $242.38 | -13.5% | Jul 22, 2024 |
| RBC Capital | Jon Arfstrom | $267 | $242.38 | -12.8% | Jul 22, 2024 |
| RBC Capital | Jon Arfstrom | $263 | $249.2 | -14.1% | Jul 19, 2024 |
| Compass Point | David Rochester | $260 | $244 | -15.1% | Jul 15, 2024 |
| Wells Fargo | Donald Fandetti | $285 | $234.51 | -7.0% | Jul 9, 2024 |
| Wells Fargo | Donald Fandetti | $275 | $224.04 | -10.2% | Jun 13, 2024 |
| Citigroup | Keith Horowitz | $250 | $224.53 | -18.4% | Jun 11, 2024 |
| BMO Capital | James Fotheringham | $175 | $233 | -42.9% | Apr 22, 2024 |
| Monness | Gus Gala | $250 | $228.62 | -18.4% | Apr 19, 2024 |
| Argus Research | Stephen Biggar | $246 | $230.32 | -19.7% | Apr 19, 2024 |
| Barclays | Terry Ma | $221 | $224.11 | -27.9% | Apr 9, 2024 |
| Monness | Gus Gala | $245 | $219.59 | -20.0% | Apr 5, 2024 |
| BMO Capital | James Fotheringham | $159 | $218.46 | -48.1% | Mar 15, 2024 |
| Oppenheimer | Dominick Gabriele | $219 | $200.86 | -28.5% | Jan 29, 2024 |
| Robert W. Baird | David George | $190 | $188.07 | -38.0% | Jan 26, 2024 |
| Loop Capital Markets | James Fotheringham | $157 | $184.97 | -48.7% | Jan 10, 2024 |
| Citigroup | Keith Horowitz | $143 | $149.62 | -53.3% | Oct 20, 2023 |
| BMO Capital | James Fotheringham | $194 | $167.79 | -36.7% | Jul 24, 2023 |
| Oppenheimer | Dominick Gabriele | $180 | $174.48 | -41.2% | Jun 30, 2023 |
| Morgan Stanley | Betsy Graseck | $186 | $178.72 | -39.3% | Feb 8, 2023 |
| Wells Fargo | Analyst unavailable | $180 | $146.79 | -41.2% | Dec 15, 2022 |
| Piper Sandler | Analyst unavailable | $159 | $157.31 | -48.1% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $148 | $155.31 | -51.7% | Dec 1, 2022 |
| New Street | Mihir Bhatia | $172 | $132.83 | -43.9% | Oct 21, 2022 |
| Barclays | Mark DeVries | $145 | $141.01 | -52.7% | Oct 13, 2022 |
| BMO Capital | Analyst unavailable | $169 | $152.36 | -44.8% | Jul 26, 2022 |
| RBC Capital | Analyst unavailable | $180 | $154.11 | -41.2% | Jul 25, 2022 |
| Stephens | Analyst unavailable | $157 | $153.01 | -48.7% | Jul 25, 2022 |
| Morgan Stanley | Analyst unavailable | $155 | $153.01 | -49.4% | Jul 25, 2022 |
| Barclays | Analyst unavailable | $160 | $153.01 | -47.8% | Jul 25, 2022 |
| Barclays | Mark DeVries | $157 | $142.48 | -48.7% | Jul 17, 2022 |
| Wells Fargo | Donald Fandetti | $190 | $136.48 | -38.0% | Jul 15, 2022 |
| Morgan Stanley | Betsy Graseck | $143 | $140.58 | -53.3% | Jul 12, 2022 |
| Piper Sandler | Analyst unavailable | $163 | $139.65 | -46.8% | Jul 6, 2022 |
| Wolfe Research | Bill Carcache | $146 | $158.75 | -52.3% | May 13, 2022 |
| Citigroup | Arren Cyganovich | $190 | $169.63 | -38.0% | May 2, 2022 |
| RBC Capital | Jon Arfstrom | $200 | $181.98 | -34.7% | Apr 28, 2022 |
| Oppenheimer | Dominick Gabriele | $225 | $185.4 | -26.5% | Apr 5, 2022 |
| Morgan Stanley | Betsy Graseck | $218 | $187.17 | -28.8% | Apr 2, 2022 |
| Wolfe Research | Bill Carcache | $226 | $190.28 | -26.2% | Mar 26, 2022 |
| Wells Fargo | Donald Fandetti | $215 | $194.88 | -29.8% | Feb 21, 2022 |
| Daiwa | Kazuya Nishimura | $215 | $191.81 | -29.8% | Feb 12, 2022 |
| Citigroup | Jill Shea | $187 | $171.41 | -39.0% | Jan 27, 2022 |
| Stephens | Vincent Caintic | $197 | $174.82 | -35.7% | Jan 26, 2022 |
| Barclays | Mark Devries | $190 | $174.82 | -38.0% | Jan 26, 2022 |
| Credit Suisse | Moshe Orenbuch | $170 | $174.82 | -44.5% | Jan 26, 2022 |
| BMO Capital | James Fotheringham | $155 | $174.82 | -49.4% | Jan 26, 2022 |
| J.P. Morgan | Richard Shane | $200 | $174.82 | -34.7% | Jan 26, 2022 |
| Deutsche Bank | Meng Jiao | $210 | $172.62 | -31.4% | Jan 25, 2022 |
| Barclays | Mark DeVries | $182 | $168.4 | -40.6% | Jan 16, 2022 |
| Jefferies | John Hecht | $180 | $170.84 | -41.2% | Jan 5, 2022 |
| Piper Sandler | Christopher Donat | $202 | $181.34 | -34.1% | Oct 25, 2021 |
| DZ BANK AG | Werner Eisenmann | $185 | $171.59 | -39.6% | Jul 27, 2021 |
| Argus Research | Stephen Biggar | $200 | $171.26 | -34.7% | Jul 26, 2021 |
| Goldman Sachs | Ryan Nash | $225 | $168.24 | -26.5% | Jul 6, 2021 |
| MoffettNathanson | Lisa Elis | $170 | $148.78 | -44.5% | Apr 26, 2021 |
Track every rating change on AXP the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationOperating 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 earningsFinancial Services peers this season
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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
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-29T06:10:58.165885+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-29T06:10:58.162806+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 2026-09-29. For educational purposes only; not investment advice.