Q4 25 EPS
$3.53
MISS 0.56%
Est. $3.55
Q4 25 Revenue
$18.98B
BEAT +49.28%
Est. $12.71B
vs S&P Since Q4 25
-11.8%
TRAILING MARKET
AXP -7.7% vs S&P +4.1%
Full Year 2025 Results
FY 25 EPS
$15.38
MISS 0.14%
Est. $15.40
FY 25 Revenue
$72.23B
BEAT +0.13%
Est. $72.14B
Market Reaction
Did AXP Beat Earnings? Q4 2025 Results
American Express closed out Q4 2025 with a mixed but broadly constructive quarter, delivering earnings per share of $3.53 against a consensus estimate of $3.55, a narrow miss of 0.56%, while revenue of $18.98 billion cleared expectations by a wide ma… Read more American Express closed out Q4 2025 with a mixed but broadly constructive quarter, delivering earnings per share of $3.53 against a consensus estimate of $3.55, a narrow miss of 0.56%, while revenue of $18.98 billion cleared expectations by a wide margin even as it edged down 1.2% year-over-year. The standout driver behind the quarter's momentum was billed business growth of 9% to $445.10 billion, reflecting durable spending engagement across the card member base, while net card fee revenues extended their double-digit growth streak for the 30th consecutive quarter, underscoring the enduring appeal of the premium membership model. The successful refresh of the U.S. Platinum Card drew heightened demand, though the associated investment costs contributed to consolidated Q4 expenses rising 10% year-over-year to $14.50 billion, adding pressure to the bottom line. Analysts on the earnings call probed the trade-off between near-term margin compression and longer-term product strategy. Looking ahead, management guided for full-year 2026 revenue growth of 9% to 10% and EPS of $17.30 to $17.90, while announcing a 16% dividend increase to $0.95 per share beginning in Q1 2026.
Key Takeaways
- • Card Member spending grew 9% in Q4 (8% FX-adjusted)
- • Net card fee revenues grew double digits for the 30th consecutive quarter
- • Increased net interest income supported by growth in revolving loan balances
- • Strong card fee growth
- • Best-in-class credit metrics with full-year net write-off rate of 2.0%
AXP YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
AXP Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was a very strong year for American Express. Full-year revenues grew 10 percent to reach another record, and adjusted EPS increased 15 percent over last year. In the fourth quarter, Card Member spending increased 8 percent FX-adjusted, net card fee revenues grew double digits for the 30th consecutive quarter, and our credit metrics remained best-in-class.”
— Stephen J. Squeri, Q4 2025 Earnings Press Release
AXP Earnings Trends
AXP vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AXP EPS Trend
Earnings per share: estimate vs actual
AXP Revenue Trend
Quarterly revenue: estimate vs actual
AXP Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $4.28 | — | $18.91B | +1.61% |
| Q4 25 MISS FY | $3.55 | $3.53 | -0.56% | $18.98B | +49.28% |
| FY Full Year | $15.40 | $15.38 | -0.14% | $72.23B | +0.13% |
| Q3 25 BEAT | $4.00 | $4.14 | +3.61% | $18.43B | +2.09% |
| Q2 25 BEAT | $3.86 | $4.08 | +5.61% | $17.86B | +0.87% |
| Q1 25 BEAT | $3.47 | $3.64 | +4.80% | $16.97B | +0.23% |