American Express Q1 2026 Earnings Preview: $3.99 EPS Expected, Platinum Card Refresh in Focus

# American Express Q1 2026 Earnings Preview: $3.99 EPS Expected, Platinum Card Refresh in Focus

> **Quick answer:** American Express reports Q1 2026 earnings before market open on Thursday, April 23. Wall Street consensus expects EPS of $3.99 and revenue of $18.61 billion (+9.7% YoY). The central catalyst to watch is the Platinum Card refresh — which hiked the annual fee from $695 to $895 and added $600 in hotel credits and a $400 dining credit — and whether it is translating into measurable card fee revenue acceleration.

**This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.**

American Express Q1 2026 earnings land before the opening bell Thursday, and the story is sharper than a single EPS number. AXP is the most affluent-skewed major card network on the market — its cardholder base spends more, defaults less, and keeps spending through recessions that crush mass-market lenders. With the Platinum Card refresh now fully live and a Hyper acquisition just announced, this is a quarter where the gap between "beat and raise" and "in-line with questions" carries real weight.

## What Analysts Expect: AXP Earnings Estimates for Q1 2026

The Wall Street consensus heading into Thursday's report: