American Express Beats Earnings on Luxury Spending Surge
American Express reported first-quarter 2026 earnings that exceeded analyst expectations, driven by an 18% increase in luxury retail spending. Revenue rose 10% to $18.9 billion, with profit reaching $4.28 per share. The results highlight sustained demand from affluent consumers despite broader economic uncertainty.
Key facts
- American Express beat earnings estimates for Q1 2026
- Luxury retail spending rose 18% in the quarter
- Revenue increased 10% to $18.9 billion
- Profit was $4.28 per share
- Results driven by affluent consumer spending
Entities
Institutions
- American Express
Sources
- Quartz —