American Express (AXP) is a consumer-credit and travel-spend bellwether with moderate typical earnings moves and a beat-rate history that skews toward clearing the implied band. Below is its earnings behaviour based on the last 16 reports (roughly the past 10 years), as of July 14, 2026.
AXP earnings at a glance
AXP’s decade-long average earnings move is about ±5.0%, with the last two years near ±5.0%. The 95th-percentile tail is about ±9.8%; January 2023 peaked near +12.6% against a much lower implied move.
Does AXP beat its implied move?
The implied move is what the options market prices in before the report. AXP’s actual move has topped the implied move in about 82% of recent reports (14 of 17).
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How AXP’s moves are distributed
The distribution is moderate and clustered: most AXP earnings moves stay under ±6.5%, with occasional spend-cycle spikes toward ±9.8%.
Recent AXP earnings
January 2023 peaked near +12.6% vs ~±3.6% implied. October 2025 peaked near +7.9% vs ~±3.9% implied. Card issuers can gap on loan-loss and spend commentary even when headline EPS looks fine.
IV rush and IV crush on AXP
Implied volatility builds into the report (the IV rush) and collapses afterward (the IV crush). AXP’s ~82% beat rate means long-vol structures have historically been saved by outsized moves more often than on low-beat-rate names — but IV crush still applies.
What AXP’s earnings data means for options
These figures are a reference point, not a signal. American Express clears its implied move in roughly seven of every ten reports (~69%). Compare the live implied move in the EarningsWatcher app — AXP has an earnings simulator.
- According to EarningsWatcher data, options price a ±6.1% move for AXP's October 23, 2026 earnings report (as of October 10, 2026).
- AXP has averaged a ±5.2% earnings-day move across its last 40 reports (10-year history, per EarningsWatcher).
- AXP's actual earnings move exceeded the options-implied move in 82% of those reports.
Frequently asked questions
When is American Express (AXP) earnings date in July 2026?
American Express reported Q2 2026 results on Friday, July 24, 2026, before the market open (BMO).
What is AXP's implied move for earnings July 24, 2026?
Options priced a plus or minus 3.7% move into the July 24, 2026 report — below the plus or minus 4.9% decade average. The stock then moved down 6.6% at its intraday peak and finished down 4.3% at the close.
How much does AXP move on earnings?
Over its last 16 earnings reports (as of July 2026), AXP's average earnings-day peak move was about plus or minus 4.9%, with a median near plus or minus 4.6%. The 95th-percentile move is about plus or minus 9.8%.
Does AXP usually beat its implied move?
More often than not. AXP's actual move has topped its options-implied move in about 82% of recent reports (roughly 14 of 17).