American Express reported strong Q2 2026 results, with revenue net of interest expense rising 10% to $19.64 billion.

The company earned a profit of $3.11 billion, or $4.53 a share, compared with $2.89 billion and $4.08 a share in the same period last year. Analysts polled by Fact Set had expected $4.40 a share, so earnings surpassed expectations.

The lift in sales Cane primarily from higher card member spending, which increased 9%, the highest growth rate in three years. This spending surge helped offset the impact of interest expense and drove the overall revenue rise.

Fact Set’s forecast for revenue was $19.70 billion, slightly above the actual figure, indicating that the market’s expectations were largely accurate. The results underscore the company’s resilience amid evolving consumer spending patterns.