# American Express Raises 2026 Profit Forecast

> American Express boosts 2026 profit outlook to $18.30-$18.60 per share while cutting 3,500 jobs.
- Title: American Express Raises 2026 Profit Forecast · BigGo Finance
- Summary: American Express boosts 2026 profit outlook to $18.30-$18.60 per share while cutting 3,500 jobs. American Express raised its 2026 profit forecast to…
- Keywords: american express, profit forecast, job cuts, restructuring, 2026, share price, revenue, billed business, adjusted eps, credit losses, finance, markets
- Source: BigGo Finance — https://finance.biggo.com/news/2ad96555-2271-47c9-afdb-2b0463d8ce72
- Author: BigGo Finance
- Published: 2026-10-23T16:05:20+00:00
- Read time: 1 min
- Topics: american express, profit forecast, job cuts, restructuring, 2026, share price, revenue, billed business, adjusted eps, credit losses, finance, markets
## American Express raises 2026 profit forecast
American Express raised its 2026 profit forecast to $18.30-$18.60 a share and said it will cut about 3,500 jobs, or 5% of its global workforce.
## Third-quarter results beat estimates
Revenue net of interest expense rose 9% to a record $20.1 billion, billed business climbed 8% to $454 billion, and adjusted EPS reached $4.68.
## Restructuring produces $336 million charge
The restructuring produced a $336 million charge, and total expenses rose 9% to $14.5 billion as marketing and card benefits spending increased.
## Credit metrics improve
Provisions for credit losses fell to $1 billion and the net write-off rate eased to 1.8%.
## CEO Stephen Squeri explains strategy
CEO Stephen Squeri said the business has 'good momentum, but to accelerate innovation and win over the next few years, we needed to become a more agile and efficient organization.'

> good momentum, but to accelerate innovation and win over the next few years, we needed to become a more agile and efficient organization
## Company targets premium customers
American Express aims to spend more to attract and retain premium customers while cutting costs.
## Layoffs among financial firms
Barclays plans 5% workforce cuts, eBay announces 9% job reductions, and technology companies deploy AI to lower costs.
## Stock reacts to guidance
Shares slipped about 2% at the open, a muted reaction given the profit forecast increase.
## Key takeaway

American Express raised its 2026 profit forecast to $18.30-$18.60 a share and plans 3,500 job cuts.