American Express FY2026 forward P/E valuation

Assumptions as of 2026-09-10

USD

Updated Sep 10, 2026

as of 2026-09-10

Fair value per share

$343.20

Upside / (downside)

11.4%

Implied equity value

$231.7

Forward net income

$11.88

Book value per share

$50.79

Spot P/E on forward EPS

17.5

Common Equity Tier 1 capital

27,779$m

Diluted / period-end common shares

675.0m

Total shareholders equity

34,280$m

FY2026E diluted EPS

17.60$/sh

Current share price

308.17$/sh

Latest AXP quote · updated Oct 9, 2026 2:02 PM MDT

Target forward P/E on FY2026E diluted EPS

19.5

Q2 2026 diluted EPS $4.53; H1 diluted EPS $8.81; revenue net of interest expense $19.6B (+10%); billed business +9%; net write-off principal-only 2.0%; ROAE 36.4%; CET1 10.4%; period-end common shares 675M; total shareholders equity $34.28B; diluted WAS 679M (Q2) / 682M (H1). — sec.gov
FY2026 EPS guidance $17.30–$17.90 reaffirmed; FY2026 revenue growth guidance raised to 10%; Q2 2026 earnings 8-K with exhibits 99.1/99.2 filed July 24, 2026. — sec.gov
AXP spot price ~$321 and market cap ~$217B as of 2026-09-10; Street consensus 12-month targets roughly $374–$382. — finance.yahoo.com
Premium card-fee growth (~15% in Q2) and Platinum refresh engagement supporting fee-revenue inflection into late 2026. — fool.com

Built with Modeledge MCP

Connect your MCP client to research filings and earnings calls, then build a living financial model like this one.