American Express Co (BSP:AXPB34)
R$ 167.44 -1.03 (-0.61%) Market Cap: 1.13 Tn Enterprise Value: 1.12 Tn PE Ratio: 19.83 PB Ratio: 6.43 GF Score: 82/100

American Express Company at Barclays Global Financial Services Conference Transcript

Sep 16, 2026 / 01:00PM GMT
Terry Ma
Barclays Services Corp - Analyst

All right, we'll get started. Thank you, everybody, for joining. Welcome. Very pleased to have on stage Christophe Le Caillec, CFO of American Express. Welcome.

Christophe Le Caillec
American Express Company - Chief Financial Officer

Good morning. Thank you for having me.

Questions & Answers

Terry Ma
Barclays Services Corp - Analyst

Yeah, we'll just jump right into it. 2026 has been a strong year for AMEX, with 10% FX adjusted revenue growth and mid-teen EPS growth through the first half. As you reflect on the year so far, what have been the biggest drivers of performance, and how are you thinking about the outlook for the second half?

Christophe Le Caillec
American Express Company - Chief Financial Officer

So good morning, everyone. If you go back over the last three, four quarters, you see a lot of strength in our billing numbers, 8%, 9% billing growth, a bit stronger in Q2. And so despite the headlines, despite

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