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American Express AXP Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$18.9BBeat by $298.1M
EPS$4.28Beat by $0.28
Revenue estimate$18.6B
EPS estimate$4.00

Next report

Oct 23, 2026 (In 2 weeks)
Revenue estimate$20.1B
EPS estimate$4.53

Financials

Q1 2026

Income statement

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Revenue$18.9B+11.4%
Net income$3.0B+15.0%
EPS (diluted)$4.28+17.6%

Balance sheet

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Cash & equivalents$53.8B+2.4%
Total debt$60.4B+14.5%
Total equity$34.0B+9.0%
Total assets$308.89B+9.4%

Cash flow

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Operating cash flow$3.8B-20.2%
CapEx$1.1B+167%
Free cash flow$2.7B-38.7%

Valuation & ratios

Valuation

as of 03/31/26
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Market cap$207.44B+10.0%
Enterprise value$214.12B+13.3%
P/E18.5×+0.1×
P/S2.8×0.0×

Profitability

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Net margin15.1%-0.2pp
FCF margin19.3%—

Returns & leverage

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Return on equity34.4%+0.1pp
Debt / equity1.8×+0.1×

Segments

By segment

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USCS$4.0B+9.8%
CS$2.9B+3.6%
ICS$2.0B+17.1%
GMNS$1.6B+9.8%

FAQ

When did American Express report Q1 2026 earnings?
American Express (AXP) reported Q1 2026 earnings on April 23, 2026 before market open.
What were American Express's Q1 2026 revenue and EPS?
American Express reported revenue of $18.9B and eps of $4.28 for Q1 2026.
Did American Express beat estimates in Q1 2026?
Revenue beat the consensus estimate of $18.6B by $298.1M. EPS beat the consensus estimate of $4.00 by $0.28.
How did American Express's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 11.4% from $17.0B a year earlier and eps grew 17.6% from $3.64.
Where can I find American Express's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000004962-26-000188) and the 10-Q periodic report (0000004962-26-000192) directly on SEC EDGAR. The filing index links above go to sec.gov.