Filing Flows › American Express (AXP) › Q3 2026
American Express (AXP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 23, 2026
American Express (AXP) reported revenue of $20.1B for the third quarter 2026 (Q3 2026), +9% from a year earlier and +2% from the quarter before. Operating margin was 22.6%, net earnings $3.7B (18.5% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $20.1B | +2% | +9% |
| Operating profit | $4.5B | +11% | +18% |
| Net earnings | $3.7B | +19% | +28% |
| Operating cash flow | $5.4B | +0.2% | -14% |
| Free cash flow | $4.4B | -0.8% | -20% |
What changed
Revenue was $20.1B in Q3 2026, up 9% year over year and up 2% from the previous quarter.
Operating profit was $4.5B, a 22.6% margin (up 1.8 points year over year). Of the extra revenue versus Q3 2025, 43% reached operating profit, above the 21% margin then. Total costs grew 6% against revenue growth of 9%. Net earnings were $3.7B, up 28% year over year. The effective tax rate was 18.1%.
Operating cash flow was $5.4B (down 14% year over year), 145% of net earnings. Non-cash charges added back $0.49B of depreciation and amortization and $0.14B of share-based compensation. Working capital and other items added $1.0B. Capital expenditures of $0.95B left free cash flow of $4.4B.
Questions
What was American Express' revenue in the third quarter 2026?
American Express (AXP) reported revenue of $20.1B for the third quarter 2026 (Q3 2026), +9% from a year earlier and +2% from the quarter before.
Was American Express profitable in the third quarter 2026?
Operating profit was $4.5B (22.6% of revenue) and net earnings $3.7B.
Source: American Express 10-Q on SEC EDGAR.