American Express quarterly revenue rises 9% as company cuts about 5% of staff
American Express reported 9% revenue growth and raised its 2026 EPS guidance, while taking a $336 million charge tied to job cuts and AI-driven efficiency.
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what happened
According to TradingView, American Express posted third-quarter revenue of roughly $20.06 to $20.1 billion, up 9% from a year earlier. Billed card spending climbed 8% to $454 billion, and adjusted earnings per share came in at $4.68, 13% higher. The company also raised its 2026 EPS guidance.
The quarter included a $336 million pretax restructuring charge. American Express is cutting about 5% of its workforce, or roughly 3,500 to 3,800 jobs, as it pushes automation and AI-driven simplification.
why it matters
Investors are weighing whether the savings from the cuts and spending on AI will lift future profitability and whether the company can execute these plans. The report also shows steady card balances and improved delinquency and write-off trends.
market impact
AXP: revenue growth and higher guidance support the stock, while the savings depend on how well the restructuring is carried out
tags
instruments
sources
- Key facts: American Express Company Q3 revenue +9%; $336M charge, cuts — TradingView, 24 October 2026 at 07:00 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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