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American Express shares fall after Q2 results despite revenue guidance hike
American Express beat Q2 earnings and lifted full-year revenue guidance to about 10%, while EPS guidance stayed at a $17.30 to $17.90 range as the company reinvested outperformance into growth.
American Express (AXP) fell even after delivering a Q2 2026 beat and raising full-year revenue growth guidance, according to Yahoo Finance. The payments company reported earnings per share of $4.53, up 11% year over year, and net income of $3.11 billion, up 8%.
The company also said its full-year revenue growth guidance is approximately 10%. Despite that upgrade, full-year EPS guidance remained unchanged at $17.30 to $17.90, a point that some investors interpreted negatively after the post-earnings selloff.
Yahoo Finance also highlighted that American Express chose to reinvest its outperformance into growth initiatives rather than accelerate share repurchases. It cited Investing.com earnings call transcript data showing return on equity of 36% for the quarter as evidence the strategy is working, and noted that host Jim Cramer framed the move as a prioritization of long-term growth over immediate EPS boost.
Cramer argued the market focused too narrowly on the unchanged EPS range and suggested management should be given time based on its track record. The story further points to management’s longer-term emphasis on serving Gen Z and Millennials with premium offerings that they also perceive as value.