American Express Company (AXP) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome to the American Express Q1 twenty twenty six Earnings Call. At this time, all participants are in a listen only mode. Later, we will conduct a question and answer As a reminder, today's call is being recorded. I would now like to turn the conference over to our host, Head of Investor Relations, Mr. Kartik Ramachandran. Please go ahead. Thank you, Daryl, and thank you all for joining today's call. As a reminder, before we begin, today's discussion contains forward looking statements about the company's future business and financial performance. These are based on management's current expectations and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from these statements are included in today's presentation slides and in our reports on file with the SEC. The discussion today also contains non GAAP financial measures. The comparable GAAP financial measures are included in this quarter's earnings materials as well as the earnings materials for the prior periods we discuss. All of these are posted on our website at ir.americanexpress.com. We will begin today with Steve Squery, Chairman and CEO, who will start with some remarks about the company's progress and results and then Christophe Lakayak, Chief Financial Officer, will provide a more detailed review of our financial performance. After that, we'll move to a Q and A session on the results with both Steve and Christophe. With that, let me turn it over to Steve. Thank you, Kartik. We had a very strong start to the year. Revenue in the quarter grew 11% or 10% on an FX adjusted basis and EPS was $4.28 up 18% over the prior year. Card member spending grew 10% on a reported basis and this is the highest quarterly gro...