American Express Company (AXP)

The company now

American Express reported record third-quarter 2026 revenue net of interest expense of $20.1 billion on 23 October, up 9 percent from a year earlier 1. Net income was $3.7 billion against $2.9 billion a year ago, and earnings per share were $5.42 1.

A $982 million gain on selling its stake in Global Business Travel Group lifted that profit 2. The company sold its approximately 30 percent interest and used part of the gain for a $336 million restructuring charge tied to efficiency work 2.

The company told investors it plans to cut its workforce by 5 percent, or about 3,500 employees, which the Associated Press called its first major job cuts in roughly a decade 6. Chief executive Stephen Squeri said the layoffs were about efficiency, not a downturn in business 6.

Squeri said in the results release that the company is raising its full-year earnings per share guidance to between $18.30 and $18.60 1. He also said it is on track to deliver another year of 10 percent revenue growth 1.

On 8 October 2026 the Federal Reserve and the Office of the Comptroller of the Currency issued consent orders over the company's financial crimes compliance program 2. The bank agreed to a $350 million civil money penalty, a portion of which the company had already reserved for 2.

The company expects growth in what it pays for rewards, benefits and partners to moderate next quarter, because the Platinum Card refresh will then be in both periods' results 2. Whether cost discipline and the new compliance work hold that line is the open question 2.

As of Oct 30, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.

Newer filings are on file since this was written; an update is queued.