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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Craig Maurer | FT Partners | 8 questions · 25% challenging |
| Mihir Bhatia | Bank of America | 7 questions · 14% challenging |
| Sanjay Sakhrani | KBW | 7 questions · 0% challenging |
| Jeff Adelson | Morgan Stanley | 7 questions · 0% challenging |
| Don Fandetti | Wells Fargo | 7 questions · 0% challenging |
| Rick Shane | JPMorgan | 7 questions · 14% challenging |
| Mark DeVries | Deutsche Bank | 7 questions · 0% challenging |
| Erika Najarian | UBS | 6 questions · 50% challenging |
| Ryan Nash | Goldman Sachs | 6 questions · 17% challenging |
| Terry Ma | Barclays | 5 questions · 0% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| FT Partners | 1 analyst | 8 questions · 25% challenging |
| Morgan Stanley | 1 analyst | 7 questions · 0% challenging |
| Bank of America | 1 analyst | 7 questions · 14% challenging |
| KBW | 1 analyst | 7 questions · 0% challenging |
| Wells Fargo | 1 analyst | 7 questions · 0% challenging |
| JPMorgan | 1 analyst | 7 questions · 14% challenging |
| Deutsche Bank | 1 analyst | 7 questions · 0% challenging |
| UBS | 1 analyst | 6 questions · 50% challenging |
Reporting soon: earnings call Friday, Oct 23
A pre-earnings brief is ready for AXP: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
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American Express started FY2026 with Q1 EPS of $4.28 up 18%, outpacing 10.3% revenue growth on margin expansion. Record card member spending growth was driven by the U.S. Platinum refresh, premium customer acquisition momentum, and net card fee/NII strength. Management reaffirmed FY2026 guidance at 9-10% revenue growth and $17.30-$17.90 EPS, investing the Q1 upside back into marketing and technology. The most significant commercial product expansion ever was announced alongside advancing agentic commerce and AI capabilities.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Net margin |
|---|---|---|---|---|---|
| FY2024 Q4 | $17.18B | +8.7% | $3.04 | +16.0% | 12.6% |
| FY2025 Q1 | $16.97B | +7.4% | $3.64 | +9.3% | 15.2% |
| FY2025 Q2 | $17.86B | +9.3% | $4.08 | -1.7% | 16.2% |
| FY2025 Q3 | $18.43B | +10.8% | $4.14 | +18.6% | 15.7% |
| FY2025 Q4 | $18.98B | +10.5% | $3.53 | +16.1% | 13.0% |
| FY2026 Q1Selected | $18.91B | +11.4% | $4.28 | +17.6% | 15.7% |
| FY2026 Q2 | $19.64B | +10.0% | $4.53 | +11.0% | 15.8% |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Demand | Competitive Dynamics | Product Launch | Pricing | Subscriber Growth | Guidance Reliability | Innovation & R&D | Credit | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 6 | 6 | 2 | 3 | 2 | 3 | 1 | 1 |
| 2025Q1 | 2 | 1 | 3 | 1 | 1 | 1 | 2 | 2 |
| 2025Q2 | 2 | 7 | 5 | 3 | 1 | 2 | 1 | |
| 2025Q3 | 4 | 4 | 4 | 2 | 3 | 1 | 1 | |
| 2025Q4 | 3 | 3 | 3 | 1 | 1 | 1 | 2 | 2 |
| 2026Q1 | 6 | 1 | 3 | 1 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 6 | 2 | 2 | 4 | 3 | 6 |
| Competitive Dynamics | 6 | 1 | 7 | 4 | 3 | 1 |
| Product Launch | 2 | 3 | 5 | 4 | 3 | 3 |
| Pricing | 3 | 1 | 3 | 2 | 1 | |
| Subscriber Growth | 2 | 1 | 1 | 3 | 1 | 1 |
| Guidance Reliability | 3 | 1 | 2 | 1 | 1 | |
| Innovation & R&D | 1 | 2 | 1 | 2 | 2 | |
| Credit | 1 | 2 | 1 | 2 | 1 |
Calendar quarter Q1 2026Earnings call Apr 23, 2026
FY2026 Q1 in brief
American Express started FY2026 with Q1 EPS of $4.28 up 18%, outpacing 10.3% revenue growth on margin expansion.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +10.3% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for American Express Company (AXP), FY2026 Q1: 8/10. Scores: American Express Company’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: AXP daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What AXP said about other companies on its FY2026 Q1 call, and what other companies said about AXP on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We've seen American Express step out there and take on the risk of a fraudulent agent transaction”
An analyst notes American Express has moved to assume fraud risk on agentic transactions, framing a competitive dynamic in agentic commerce versus Visa.
“using our Data Cloud, American Express is enabling agentic e-commerce at scale by moving an enterprise data platform along with hundreds of production applications to BigQuery.”
American Express is migrating its data platform and hundreds of apps to Google's BigQuery, a cloud-adoption signal.
“Remuneration from American Express grew 10% to over $2 billion, led by 12% spend growth on strong acquisitions.”
Delta's co-brand card remuneration from American Express grew 10% to over $2 billion on 12% spend growth, a positive signal for Amex co-brand economics.
“Our discussions with Visa, Chase and American Express are going well, and we still expect to have new deals in place later this year.”
Marriott is renegotiating co-branded credit card deals with American Express, a signal for Amex's card partnership with Marriott's loyalty program.
“we just acquired a company called HyperCard, we brought in a group of people who we've been working with for a number of years who are really in expense management space”
American Express acquired HyperCard to add expense-management expertise and talent, bolstering its commercial/SME product roadmap.
“as the year goes on, the Amazon and the Lowe's book will roll off. That will have a slight drag on revenue, zero impact on PTI.”
American Express's Lowe's co-brand card portfolio will roll off over the year, a modest revenue drag with no pretax income impact, signaling the wind-down of the Amex-Lowe's co-brand relationship.
“as the year goes on, the Amazon and the Lowe's book will roll off. That will have a slight drag on revenue, zero impact on PTI.”
American Express's Amazon co-brand card portfolio will roll off over the year, a modest revenue drag with no pretax income impact, signaling the wind-down of the Amex-Amazon co-brand relationship.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| AXPAmerican Express Company | 8 | +10.3% | Record card member spending growth | |
| AFRMAffirm Holdings, Inc. | 10 | +32.6% | Affirm posted GAAP revenue up 32.64% year over year in a quarter Max called another one for the record books, with GAAP EPS of $0.30 and operating income swinging to $202.2M from an $8.4M loss a year earlier, evidencing powerful operating leverage (left GAAP EPS YoY undefined given the near-zero prior-year base) | |
| COFCapital One | 6 | +44.2% | Consumer remains resilient despite Persian Gulf energy shock | |
| KLARKlarna Group plc | 8 | +51.3% | Klarna's first quarter of 2026 marked a clean profitability inflection | |
| MAMastercard | 8 | +15.8% | Strong Revenue and Net Income Growth | |
| PYPLPayPal | 5 | +7.2% | PayPal reported Q1 revenue growth of 7% with TPV accelerating to 11%, as the new CEO launched a $1.5 billion cost savings program | |
| SOFISoFi Technologies, Inc. | 9 | +35.8% | SoFi accelerated into 2026, with first-quarter adjusted net revenue up 41% to $1.1 billion, ahead of expectations, and a Rule of 40 score of 72 | |
| SYFSynchrony Financial | 8 | +16.6% | Net interest income grew 4% to $4.6 billion with EPS of $2.27 growing 20% as record Q1 purchase volume was achieved with all five platforms growing or flat | |
| VVisa Inc. | 9 | +17.1% | Record net revenue growth momentum |
Record card member spending growth
Affirm posted GAAP revenue up 32.64% year over year in a quarter Max called another one for the record books, with GAAP EPS of $0.30 and operating income swinging to $202.2M from an $8.4M loss a year earlier, evidencing powerful operating leverage (left GAAP EPS YoY undefined given the near-zero prior-year base)
Consumer remains resilient despite Persian Gulf energy shock
Klarna's first quarter of 2026 marked a clean profitability inflection
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| AXP | 9 | 6 | 6 | 9 | 9 | 8 |
| AFRM | 9 | 9 | 9 | 10 | 9 | 10 |
| COF | 6 | 5 | 8 | 6 | 6 | 6 |
| KLAR | No score | No score | No score | 8 | 8 | 8 |
| MA | 8 | 7 | 9 | 9 | 9 | 8 |
| PYPL | 7 | 6 | 9 | 7 | 6 | 5 |
| SOFI | 9 | 10 | 10 | 10 | 10 | 9 |
| SYF | 7 | 4 | 3 | 3 | 5 | 8 |
| V | 8 | 7 | 8 | 8 | 8 | 9 |
PayPal reported Q1 revenue growth of 7% with TPV accelerating to 11%, as the new CEO launched a $1.5 billion cost savings program
SoFi accelerated into 2026, with first-quarter adjusted net revenue up 41% to $1.1 billion, ahead of expectations, and a Rule of 40 score of 72
Net interest income grew 4% to $4.6 billion with EPS of $2.27 growing 20% as record Q1 purchase volume was achieved with all five platforms growing or flat