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American Express (AXP) Reports Q3 Earnings: What Key Metrics Have to Say

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For the quarter ended September 2026, American Express (AXP - Free Report) reported revenue of $20.06 billion, up 8.9% over the same period last year. EPS came in at $4.68, compared to $4.14 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $20.13 billion, representing a surprise of -0.34%. The company delivered an EPS surprise of +4.7%, with the consensus EPS estimate being $4.47.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how American Express performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Billed business - Total: $454.00 billion versus $456.19 billion estimated by three analysts on average.
  • U.S. Consumer Services - Billed business: $194.20 billion versus $194.61 billion estimated by two analysts on average.
  • Book value per common share: $51.02 versus $50.26 estimated by two analysts on average.
  • Network volumes: $517.90 billion versus $520.46 billion estimated by two analysts on average.
  • Commercial Services - Billed business: $140.70 billion compared to the $141.07 billion average estimate based on two analysts.
  • International Card Services - Billed business: $118.80 billion compared to the $119.73 billion average estimate based on two analysts.
  • Risk-Based Capital Ratios - Basel III - Common Equity Tier 1/Risk Weighted Assets: 10.9% versus 10.5% estimated by two analysts on average.
  • Basic cards-in-force: 130.7 million compared to the 131.52 million average estimate based on two analysts.
  • Total non-interest revenues: $15.12 billion versus $15.19 billion estimated by five analysts on average.
  • Net Interest Income: $4.94 billion compared to the $4.98 billion average estimate based on five analysts.
  • Non-interest revenues- Discount revenue: $10.17 billion versus the four-analyst average estimate of $10.16 billion.
  • Non-interest revenues- Net card fees: $2.97 billion versus the four-analyst average estimate of $2.99 billion.

View all Key Company Metrics for American Express here>>>

Shares of American Express have returned +6.4% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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