Filing Flows › American Express (AXP) › Guidance & outlook
American Express (AXP) guidance and outlook
American Express' 10-Q filed Oct 23, 2026 makes 33 forward-looking statements, 6 of them new and 7 no longer said since the filing before.
Guidance and outlook
Forward-looking statements, 10-Q filed Oct 23, 2026
- new · We expect growth in variable customer engagement expenses to moderate next quarter as the impact of the refresh of our U.S.
- new · We have invested significantly in risk and controls over the last several years and will continue to make the investments necessary to strengthen our risk management and compliance programs so that they meet our expectations and those of our regulators.
- updated · During the third quarter, we maintained our Common Equity Tier 1 (CET1) capital ratio within our target range of 10 to 11 percent and returned $2.2 billion of capital to our shareholders in the form of share repurchases and common share dividends.
- We plan to continue to return to shareholders the excess capital we generate while managing our CET1 capital ratio within our target range and supporting balance sheet growth.
- new · The reserve release in the current three month period was primarily driven by enhancements to the models that estimate expected credit losses resulting from our periodic review process, partially offset by a sequential increase in Card balances.
- • Liquidity programs that enable us to continuously meet expected future financing obligations and business requirements for at least a twelve month period under a variety of adverse circumstances.
- We seek to maintain capital levels and ratios in excess of our minimum regulatory requirements, specifically within a 10 to 11 percent target range for American Express Company’s CET1 risk-based capital ratio.
- For example, we may infuse additional capital into subsidiaries to maintain capital at targeted levels in consideration of debt ratings and regulatory requirements.
- The following are definitions for our regulatory risk-based capital and leverage ratios, which are calculated as per standard regulatory guidance:
- new · As a result, we will continue to be subject to our current SCB requirement of 2.5 percent (the minimum SCB requirement under the applicable regulations) through December 31, 2027, with a new SCB requirement becoming effective on January 1, 2028.
- We aim to satisfy our financing needs with a diverse set of funding sources.
- Governmental authorities have focused, and we believe will continue to focus, considerable attention on reviewing compliance by financial services firms and payment systems with laws and regulations, and as a result, we continually work to evolve and improve our risk management framework, governance structures, practices and procedures.
American Express' latest quarter
American Express, Q3 2026: revenue $20.1B (+9% year over year), operating margin 22.6%, net earnings $3.7B, operating cash flow $5.4B. The chart follows the revenue to costs, profit and cash.
Questions
What does American Express expect?
We expect growth in variable customer engagement expenses to moderate next quarter as the impact of the refresh of our U.S. We have invested significantly in risk and controls over the last several years and will continue to make the investments necessary to strengthen our risk management and compliance programs so that they meet our expectations and those of our regulators. During the third quarter, we maintained our Common Equity Tier 1 (CET1) capital ratio within our target range of 10 to 11 percent and returned $2.2 billion of capital to our shareholders in the form of share repurchases an
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.