American Express Raises 2026 Profit Forecast After Strong Q3

American Express raised its 2026 annual profit forecast on Friday after reporting strong third-quarter results. The company now expects annual earnings per share to range between $18.30 and $18.60, an increase from the previous estimate of $17.30 to $17.90.

Third-quarter revenue grew 9 percent to $20.1 billion, while billed business rose 8 percent to $454 billion. Adjusted profit for the quarter reached $4.68 per share, up from $4.14 in the prior-year period. These results were driven by increased spending among affluent customers on shopping, dining, and travel.

The company also reported a decrease in consolidated provisions for credit losses, which fell to $1 billion from $1.3 billion a year earlier. To sustain long-term growth, the company has increased investments aimed at attracting millennial and Gen Z consumers.