-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
AXP delivered strong Q1 2026 results with EPS of $4.28 vs. $3.64 prior year, beating consensus by $0.29, while revenue of $18.9B grew 11% Y/Y and exceeded estimates by 2%. Card member spending accelerated to 10% growth (highest in three years) and net card fees continued their impressive trajectory with 18% Y/Y expansion to $2.8B, extending the multi-year streak of double-digit growth. The premium positioning continues resonating as customers migrate toward higher-tier offerings, with International Card Services leading at 20% revenue growth and billed business reaching $428B (+10% Y/Y). Management reaffirmed full-year 2026 guidance for 9%-10% revenue growth and EPS of $17.30-$17.90 despite strong Q1 performance. Credit quality remains pristine with net write-off rates improving to 2.0% from 2.1% prior year. We believe the combination of accelerating spending growth, continued fee expansion, and excellent credit metrics positions AXP favorably for sustained outperformance in the premium payments space.