第一季度利润激增导致美国运通股价飙升超出预期

美国运通第一季度业绩强劲，净利润为 29.7 亿美元，比去年同期的 25.8 亿美元增长 15%。 AMERICAN EXPRESS $AXP Q1’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $18.91B (Est. $18.61B) 🟢; +11% Y/Y🔹 EPS: $4.28 (Est. $4.00 / $4.03) 🟢; +18% Y/Y🔹 Card Member spend growth: +10% (+9% FX-adjusted)🔹 Net income: $2.971B;同比增长 15% 财年指南：每股收益：17.30 美元至 17.90 美元（预计 17.56 美元）… pic.twitter.com/EDdj41iTqf — Wall St Engine (@wallstengine) 2026 年 4 月 23 日该公司每股收益为 4.28 美元，轻松超过分析师普遍预期的 4.00 美元至 4.02 美元。季度收入总计 189 亿美元，同比增长 11%，超过 FactSet 一致预期的 186 亿美元。 American Express Company, AXP Shares edged approximately 1–1.2% higher in Thursday’s premarket session following the earnings release.尽管实现了这一增长，但截至常规交易收盘，AXP 全年仍下跌约 11%。 The headline metric from the quarterly report was total cardmember spending. Billed business across American Express cards increased 9% on a currency-adjusted basis, reaching $428 billion.首席执行官史蒂芬·斯奎里 (Stephen Squeri) 将其描述为“三年来最高的季度增长”，并将这一业绩归因于对该公司高端卡产品的强烈需求。 Travel-related purchases and discretionary spending categories fueled much of the quarterly growth. AmEx’s clientele, which tilts heavily toward affluent consumers, has demonstrated greater spending stability compared to the broader market. This dynamic emerges against a backdrop of persistent inflation and elevated borrowing costs that have pressured other consumer segments. The performance positions AmEx favorably relative to credit card competitors with greater exposure to middle- and lower-income cardholders.在信贷质量方面，美国运通第一季度的综合信贷损失准备金为 13 亿美元，而去年同期为 12 亿美元。增幅相对较小。准备金的增加通常表明贷方正在加强准备金以应对未来可能的冲销，尽管这里的变化是经过衡量的。管理层维持 2026 年全年财务指引不变。 The company continues to project revenue growth between 9% and 10%.根据 Squeri 准备好的讲话，全年每股收益前景仍保持在 17.30 美元至 17.90 美元的范围内。投资者和分析师密切关注美国运通季度业绩，将其视为美国消费者健康状况的风向标，尤其是高收入家庭的健康状况。 Solid performance from the premium card leader typically provides reassurance for retailers and brands focused on affluent customer segments.