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American Express beats Q1 earnings estimates but shares fall on cautious outlook and rising expenses

Company Fundamentals
23 Apr 2026
Proactive Investors
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Neutral
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American Express reported stronger-than-expected Q1 2026 earnings with EPS of $4.28 and revenue of $18.91 billion, driven by premium cardmember spending growth. Despite the positive results, shares dropped over 2% due to cautious full-year guidance and plans to increase spending on marketing and technology. The company expects 9-10% revenue growth and EPS between $17.30 and $17.90 for 2026. Rising expenses and slightly higher credit loss provisions also weighed on investor sentiment.

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