American Express Co.
(NYSE:AXP) stock fell Friday despite the company reporting stronger-than-expected second-quarter 2026 earnings, as investors focused on rising expenses and an unchanged full-year profit outlook.
Spending Growth Remains Strong American Express reported second-quarter revenue, net of interest expense, of $19.64 billion, up 10% from a year earlier but slightly below the analyst consensus estimate of $19.69 billion.
Growth was driven by higher Card Member spending, increased net interest income from larger card balances and continued strength in card fees.
Adjusted earnings came in at $4.53 per share, beating the analyst consensus estimate of $4.40.
