Q1 2026 American Express Co Earnings Call Transcript
Key Points
- Revenue grew by 11% in Q1 2026, with EPS up 18% year-over-year, indicating strong financial performance.
- Card Member spending increased by 10%, marking the highest quarterly growth in three years.
- International segment remains the fastest-growing, with billings up double digits for the 20th consecutive quarter.
- Strong demand and engagement with premium products, particularly among Millennials and Gen Z.
- Credit performance continues to be excellent, with delinquency and write-off rates below 2019 levels.
- Airline spending showed signs of softening towards the end of March and into April due to travel disruptions.
- The macro and geopolitical environment remains uncertain, posing potential risks to future performance.
- The roll-off of the Amazon and Lowe's book will slightly drag on revenue growth later in the year.
- Increased marketing and technology investments may impact short-term profitability.
- Potential impacts from the exit of small business co-brand portfolios, affecting spend growth in SME.
Ladies and gentlemen, thank you for standing by. Welcome to the American Express Q1 2026 earnings call. (Operator Instructions)
As a reminder, today's call is being recorded. I would now like to turn the conference over to our host, Head of Investor Relations, Mr. Kartik Ramachandran. Please go ahead.
Thank you, [Darryl], and thank you all for joining today's call. As a reminder, before we begin, today's discussion contains forward-looking statements about the company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in today's presentation slides and in our reports on file with the SEC.
The discussion today also contains non-GAAP financial measures. The comparable GAAP financial measures are included in this quarter's earnings materials as well as the earnings
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