AMERICAN EXPRESS RAISES FY 2026 EARNINGS PER SHARE GUIDANCE
(NYSE: AXP) today reported third-quarter 2026 net income of $3.7 billion, compared with net income of $2.9 billion a year ago. Earnings per share was $5.42, up 31 percent from $4.14 a year ago. Adjusted net income was $3.2 billion, or $4.68 per share, which excludes the $982 million pre-tax gain ($751 million after-tax) from the previously-announced sale of the company's equity interest in Global Business Travel Group, Inc. (GBTG), net of the portion of the gain used to fund restructuring related to efficiency initiatives. 1
Stephen J. Squeri | Chairman and Chief Executive Officer “We had another strong quarter, delivering 9 percent revenue growth and EPS of $5.42, or$4.68 adjusted, up 13 percent year-over-year.1Our business momentum continues, with strength in billings, new acquisitions and Card Member retention, and excellent credit quality. “Given our performance year-to-date, we are raising our full-year EPS guidance to between $18.30 and $18.60 ($17.60-$17.90 adjusted),4and we're on track to deliver another year of 10 percent revenue growth. “The progress we’re making across the business and ongoing innovations to enhance our Membership Model give me great confidence in our ability to deliver differentiated value for our customers and strong returns for our shareholders over the long term.”
Third-Quarter 2026 Results Business Highlights •American Express launched thenext Third-quarter consolidated total generation of Amex Corporate™, with revenues net of interest expense new integrated Expense Management were $20.1 billion, up 9 percent software and Amex Expense mobile year-over-year. The increase was app, along with new Corporate primarily driven by higher Card Cashback®Cards. Member spending, increased net •The company introduced anew interest income supported by growth American Express Business Savings in card balances, and strong card account, expanding its banking fee growth. offerings for businesses. Consolidated provisions for credit •American Express extended its losses were $1.0 billion, compared long-term strategic partnership with with $1.3 billion a year ago. The Marriott International, including decrease reflected a reserve release the U.S. cobrand cards. during the quarter compared to a •American Expresslaunched an reserve build in the prior year, exclusive partnership with Airbnb, partially offset by higher net bringing over one million listings write-offs. The third-quarter net globally to Amex Travel and write-off rate was 1.8 percent, down expanding travel benefits for from 1.9 percent a year ago.5 eligible U.S. Card Members. Consolidated expenses were $14.5 •The company announcedResy billion, up 9 percent integrations, including with OpenAI, year-over-year. The increase was and released theIntent Intelligence primarily driven by higher variable frameworkfor trusted agentic customer engagement costs due to commerce. increased Card Member spending and •Card acceptance reached more than the U.S. Platinum Card®refresh, 190 million merchant locations partially offset by lower operating worldwide, with acceptance outside expenses. The decrease in operating the U.S. more than doubling over the expenses was primarily driven by the past four years.6 GBTG sale gain, partially offset by •The company opened itsnewest an increase in legal reserves for Centurion Lounge at Amsterdam previously-disclosed matters, and Airport Schipholto bring the total restructuring costs. to 33 locations, andannounced The consolidated effective tax rate expansions in four locations, was 18.1 percent, down from 24.1 including a new 30,000-sq.ft. lounge percent a year ago, primarily at Newark Liberty International reflecting discrete tax benefits in Airport, its largest to date. the current year related to the •The companyranked #1 issuer in the resolution of certain prior-period JD Power 2026 U.S. Credit Card tax items. Satisfaction Study℠for the seventh consecutive year.
# # # This earnings release should be read in conjunction with the supplemental financial data for the third quarter 2026 (the statistical tables), which include information regarding our reportable operating segments and certain defined terms used in this release, available on the American Express Investor Relations website at http://ir.americanexpress.com and in a Form 8-K furnished today with the Securities and Exchange Commission.
An investor conference call will be held at 8:30 a.m. (ET) today to discuss third-quarter 2026 results. Live audio and presentation slides for the investor conference call will be available to the general public on the above-mentioned American Express Investor Relations website. A replay of the conference call will be available at the same website address following the call.
Adjusted Net Income and adjusted diluted earnings per common share are non-GAAP measures and exclude the impact of the gain from the sale of the company's equity investment in GBTG, net of a restructuring charge. See Appendix I for a reconciliation to Net Income and EPS on a GAAP basis. Management believes adjusted Net Income and adjusted EPS are useful in evaluating the ongoing operating performance of the company. As used in this release, FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translations into U.S. dollars (i.e., assumes the foreign exchange rates used to determine results for current period apply to the corresponding prior-year period against which such results are being compared). FX-adjusted revenues is a non-GAAP measure. The company believes the presentation of information on an FX-adjusted basis is helpful to investors by making it easier to compare the company’s performance in one 1 period to that of another period without the variability caused by 2 fluctuations in currency exchange rates. ────────────────────────────────────────────────────────────────────────────── Attributable to common shareholders. Represents net income less earnings 3 allocated to participating share awards, dividends on preferred shares and other items. Refer to the statistical tables for more information. The company’s adjusted EPS outlook, a non-GAAP measure, excludes the impact of the gain from the sale of the company's equity investment in 4 GBTG, net of a restructuring charge. See Appendix I for a reconciliation to EPS outlook on a GAAP basis. Management believes the presentation of adjusted EPS guidance is useful in evaluating the ongoing operating performance of the company. Net write-off rates are based on principal losses only (i.e., excluding 5 interest and/or fees) and represent consumer and small business card balances (unavailable for corporate). Refer to the statistical tables for more information and net write-off rates including interest and fees. Locations in force (LIF) estimate as of July 2026, including an estimated 80 million Merchants that accept American Express in China and Brazil (including through digital wallets). LIF represents proprietary and 6 partner acquired Merchant locations where the Merchant is enabled to accept American Express. LIF estimates incorporate data provided to us by certain third parties and include Merchants that accept American Express through payment facilitators and digital wallets.
American Express (NYSE: AXP) is a global payments and premium lifestyle brand powered by technology. Our colleagues around the world back our customers with differentiated products, services, and experiences that enrich lives and build business success.
Founded in 1850 and headquartered in New York, American Express’ brand is built on trust, security, service, and a rich history of delivering innovation and Membership value for our customers. We seek to provide the world’s best customer experience every day to a broad range of consumers, small and medium-sized businesses, and large corporations, and we build and manage relationships with millions of merchants across our global network.
For more information about American Express, visit americanexpress.com , americanexpress.com/en-us/newsroom/ , and ir.americanexpress.com .
This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. The forward-looking statements, which address American Express Company’s current expectations regarding business and financial performance, including management’s guidance for 2026, among other matters, contain words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” “continue” and similar expressions. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company undertakes no obligation to update or revise any forward-looking statements. Factors that could cause actual results to differ materially from these forward- looking statements include, but are not limited to, those that are set forth under the caption “Cautionary Note Regarding Forward-Looking Statements” in the company’s current report on Form 8-K filed with the Securities and Exchange Commission (SEC) on October 23, 2026 (the Form 8-K Cautionary Note), which are incorporated by reference into this release. Those factors include, but are not limited to, the following:
• the company’s ability to achieve its 2026 earnings per common share (EPS) guidance and grow EPS in the future, which will depend in part on revenue growth, credit performance, credit reserve and expense levels and the effective tax rate remaining consistent with current expectations and the company’s ability to continue investing in growth initiatives (such as its brand, value propositions, coverage, marketing, technology, partnerships and talent), controlling operating expenses, effectively managing risk and executing its share repurchase program, any of which could be impacted by, among other things, the factors identified in the subsequent paragraph and the Form 8-K Cautionary Note, as well as the following: macroeconomic and geopolitical conditions, including a slowdown in U.S. or global economic growth, changes to consumer and business confidence, higher rates of unemployment and wide-scale layoffs, impacts from the Middle East conflict and other international hostilities, deteriorations in global trade and the effects of tariffs, changes in interest rates, inflation, supply chain issues, energy costs, market volatility, and fiscal and monetary policies; the effects of technology changes and the adoption of artificial intelligence (AI); the impact of any future contingencies, including, but not limited to, legal costs and settlements, the imposition of fines or monetary penalties, remediation expenses, investment gains or losses, restructurings, impairments and changes in reserves; issues impacting brand perceptions and the company’s reputation; changes in the competitive environment, including as a result of agentic technologies, and an inability to realize benefits from new and extended sponsorships; impacts related to acquisitions, divestitures, cobrand relationships and other partners; and the impact of regulation, regulatory orders and other legal proceedings, which could affect the profitability of the company’s business activities, limit the company’s ability to pursue business opportunities, require changes to business practices or alter the company’s relationships with Card Members, partners and merchants; and
• the company’s ability to achieve its 2026 revenue growth guidance and grow revenues net of interest expense in the future, which could be impacted by, among other things, the factors identified above and in the Form 8-K Cautionary Note, as well as the following: spending volumes not being consistent with expectations, including spending by U.S. and international consumer Card Members across age cohorts (including Millennial and Gen-Z customers) and business Card Members and spending in retail and in dining, airline and other travel & entertainment categories, such as due to uncertain macroeconomic and geopolitical conditions; an inability to address competitive pressures, attract and retain customers, invest in and enhance the company’s Membership Model of premium products, differentiated services and partnerships, successfully refresh card products and introduce new features and capabilities, grow banking relationships with customers and implement strategies and business initiatives, including within the premium consumer space, commercial payments and the global network; the impacts of portfolio sales; the effects of regulatory initiatives, including pricing regulation, such as pricing for card acceptance and interest rate and fee caps, and network regulation; merchant coverage growing less than expected or the reduction of merchant acceptance or perceptions of coverage; increased surcharging, steering, suppression or other differential acceptance practices with respect to the company’s products; merchant discount rates changing from the company’s expectations; and changes in foreign currency exchange rates.
A further description of these uncertainties and other risks can be found in American Express Company’s Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q for the quarters ended March 31 and June 30, 2026 and the company’s other reports filed with the SEC, including in the Form 8-K Cautionary Note.
Full text with the tables
New York | October
23,
2026 EXHIBIT 99.1
──────────────────────────────────────────────────────────────────────────────
AMERICAN EXPRESS
Q3 2026 RESULTS
AMERICAN EXPRESS RAISES FY 2026 EARNINGS PER SHARE GUIDANCE
COMPANY DELIVERED RECORD Q3 REVENUE OF $20.1 BILLION, UP 9% YOY
Q3 EPS ROSE 31% TO $5.42, OR 13%
TO $4.68 ON AN ADJUSTED BASIS
1
(Millions, except per share amounts, and where indicated)
Qua… Nine
End… YoY% Mon… YoY%
Sep… Inc… End… Inc…
30, Sep…
30,
2026 2025 2026 2025
Bi…
Bu… $45… $42… 8% $1,… $1,2… 9%
(B… $42… 8% $1,2… 9%
FX…
To…
Re…
Net $18… 9% $53,… 10%
of $20… $18… 9% $58… $53,… 10%
In…
Ex…
FX…
Pr… $4,… $3,… 18% $12… $10,… 16%
In…
Net $3,… $2,… 28% $9,… $8,3… 17%
In…
Di…
Ea…
Per $5.… $4.… 31% $14… $11.… 20%
Co…
Sh…
(E…
Ad… $4.… $4.… 13% $13… $11.… 14%
EP…
Av…
Di…
Co… 674 693 (3)% 680 698 (3)%
Sh…
Ou…
American Express Company
(NYSE: AXP) today reported third-quarter 2026 net income of $3.7 billion,
compared with net income of $2.9 billion a year ago. Earnings per share was
$5.42, up 31 percent from $4.14 a year ago. Adjusted net income was $3.2
billion, or $4.68 per share, which excludes the $982 million pre-tax gain ($751
million after-tax) from the previously-announced sale of the company's equity
interest in Global Business Travel Group, Inc. (GBTG), net of the portion of the
gain used to fund restructuring related to efficiency initiatives. 1
Stephen J. Squeri | Chairman and Chief Executive Officer
“We had another strong quarter, delivering 9 percent revenue growth and EPS
of $5.42, or$4.68 adjusted, up 13 percent year-over-year.1Our business
momentum continues, with strength in billings, new acquisitions and Card
Member retention, and excellent credit quality.
“Given our performance year-to-date, we are raising our full-year EPS
guidance to between $18.30 and $18.60 ($17.60-$17.90 adjusted),4and we're on
track to deliver another year of 10 percent revenue growth.
“The progress we’re making across the business and ongoing innovations to
enhance our Membership Model give me great confidence in our ability to
deliver differentiated value for our customers and strong returns for our
shareholders over the long term.”
1
AMERICAN EXPRESS Q3 2026 RESULTS
Third-Quarter 2026 Results Business Highlights
•American Express launched thenext
Third-quarter consolidated total generation of Amex Corporate™, with
revenues net of interest expense new integrated Expense Management
were $20.1 billion, up 9 percent software and Amex Expense mobile
year-over-year. The increase was app, along with new Corporate
primarily driven by higher Card Cashback®Cards.
Member spending, increased net •The company introduced anew
interest income supported by growth American Express Business Savings
in card balances, and strong card account, expanding its banking
fee growth. offerings for businesses.
Consolidated provisions for credit •American Express extended its
losses were $1.0 billion, compared long-term strategic partnership with
with $1.3 billion a year ago. The Marriott International, including
decrease reflected a reserve release the U.S. cobrand cards.
during the quarter compared to a •American Expresslaunched an
reserve build in the prior year, exclusive partnership with Airbnb,
partially offset by higher net bringing over one million listings
write-offs. The third-quarter net globally to Amex Travel and
write-off rate was 1.8 percent, down expanding travel benefits for
from 1.9 percent a year ago.5 eligible U.S. Card Members.
Consolidated expenses were $14.5 •The company announcedResy
billion, up 9 percent integrations, including with OpenAI,
year-over-year. The increase was and released theIntent Intelligence
primarily driven by higher variable frameworkfor trusted agentic
customer engagement costs due to commerce.
increased Card Member spending and •Card acceptance reached more than
the U.S. Platinum Card®refresh, 190 million merchant locations
partially offset by lower operating worldwide, with acceptance outside
expenses. The decrease in operating the U.S. more than doubling over the
expenses was primarily driven by the past four years.6
GBTG sale gain, partially offset by •The company opened itsnewest
an increase in legal reserves for Centurion Lounge at Amsterdam
previously-disclosed matters, and Airport Schipholto bring the total
restructuring costs. to 33 locations, andannounced
The consolidated effective tax rate expansions in four locations,
was 18.1 percent, down from 24.1 including a new 30,000-sq.ft. lounge
percent a year ago, primarily at Newark Liberty International
reflecting discrete tax benefits in Airport, its largest to date.
the current year related to the •The companyranked #1 issuer in the
resolution of certain prior-period JD Power 2026 U.S. Credit Card
tax items. Satisfaction Study℠for the seventh
consecutive year.
# # #
This earnings release should be read in conjunction with the supplemental
financial data for the third quarter 2026 (the statistical tables), which
include information regarding our reportable operating segments and certain
defined terms used in this release, available on the American Express Investor
Relations website at http://ir.americanexpress.com and in a Form 8-K furnished
today with the Securities and Exchange Commission.
An investor conference call will be held at 8:30 a.m. (ET) today to discuss
third-quarter 2026 results. Live audio and presentation slides for the investor
conference call will be available to the general public on the above-mentioned
American Express Investor Relations website. A replay of the conference call
will be available at the same website address following the call.
2
AMERICAN EXPRESS Q3 2026 RESULTS
Adjusted Net Income and adjusted diluted earnings per common share are
non-GAAP measures and exclude the impact of the gain from the sale of the
company's equity investment in GBTG, net of a restructuring charge. See
Appendix I for a reconciliation to Net Income and EPS on a GAAP basis.
Management believes adjusted Net Income and adjusted EPS are useful in
evaluating the ongoing operating performance of the company.
As used in this release, FX-adjusted information assumes a constant
exchange rate between the periods being compared for purposes of currency
translations into U.S. dollars (i.e., assumes the foreign exchange rates
used to determine results for current period apply to the corresponding
prior-year period against which such results are being compared).
FX-adjusted revenues is a non-GAAP measure. The company believes the
presentation of information on an FX-adjusted basis is helpful to
investors by making it easier to compare the company’s performance in one
1 period to that of another period without the variability caused by
2 fluctuations in currency exchange rates.
──────────────────────────────────────────────────────────────────────────────
Attributable to common shareholders. Represents net income less earnings
3 allocated to participating share awards, dividends on preferred shares
and other items. Refer to the statistical tables for more information.
The company’s adjusted EPS outlook, a non-GAAP measure, excludes the
impact of the gain from the sale of the company's equity investment in
4 GBTG, net of a restructuring charge. See Appendix I for a reconciliation
to EPS outlook on a GAAP basis. Management believes the presentation of
adjusted EPS guidance is useful in evaluating the ongoing operating
performance of the company.
Net write-off rates are based on principal losses only (i.e., excluding
5 interest and/or fees) and represent consumer and small business card
balances (unavailable for corporate). Refer to the statistical tables for
more information and net write-off rates including interest and fees.
Locations in force (LIF) estimate as of July 2026, including an estimated
80 million Merchants that accept American Express in China and Brazil
(including through digital wallets). LIF represents proprietary and
6 partner acquired Merchant locations where the Merchant is enabled to
accept American Express. LIF estimates incorporate data provided to us by
certain third parties and include Merchants that accept American Express
through payment facilitators and digital wallets.
# # #
Media Contacts:
Amanda Miller, Amanda.C.Miller@aexp.com , +1.408.219.0563
Deniz Yigin, Deniz.Yigin@aexp.com , +1.332.999.0836
Investors/Analysts Contacts:
Kartik Ramachandran, Kartik.Ramachandran@aexp.com , +1.212.640.5574
Danielle Gilmartin, Danielle.Gilmartin@aexp.com , +1.212.640.5574
ABOUT AMERICAN EXPRESS
American Express (NYSE: AXP) is a global payments and premium lifestyle brand
powered by technology. Our colleagues around the world back our customers with
differentiated products, services, and experiences that enrich lives and build
business success.
Founded in 1850 and headquartered in New York, American Express’ brand is built
on trust, security, service, and a rich history of delivering innovation and
Membership value for our customers. We seek to provide the world’s best customer
experience every day to a broad range of consumers, small and medium-sized
businesses, and large corporations, and we build and manage relationships with
millions of merchants across our global network.
For more information about American Express, visit americanexpress.com ,
americanexpress.com/en-us/newsroom/ , and ir.americanexpress.com .
3
AMERICAN EXPRESS Q3 2026 RESULTS
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This release includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, which are subject to risks and
uncertainties. The forward-looking statements, which address American Express
Company’s current expectations regarding business and financial performance,
including management’s guidance for 2026, among other matters, contain words
such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “aim,” “will,”
“may,” “should,” “could,” “would,” “likely,” “continue” and similar expressions.
Readers are cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date on which they are made. The company
undertakes no obligation to update or revise any forward-looking statements.
Factors that could cause actual results to differ materially from these forward-
looking statements include, but are not limited to, those that are set forth
under the caption “Cautionary Note Regarding Forward-Looking Statements” in the
company’s current report on Form 8-K filed with the Securities and Exchange
Commission (SEC) on October 23, 2026 (the Form 8-K Cautionary Note), which are
incorporated by reference into this release. Those factors include, but are not
limited to, the following:
• the company’s ability to achieve its 2026 earnings per common share (EPS)
guidance and grow EPS in the future, which will depend in part on revenue
growth, credit performance, credit reserve and expense levels and the effective
tax rate remaining consistent with current expectations and the company’s
ability to continue investing in growth initiatives (such as its brand, value
propositions, coverage, marketing, technology, partnerships and talent),
controlling operating expenses, effectively managing risk and executing its
share repurchase program, any of which could be impacted by, among other things,
the factors identified in the subsequent paragraph and the Form 8-K Cautionary
Note, as well as the following: macroeconomic and geopolitical conditions,
including a slowdown in U.S. or global economic growth, changes to consumer and
business confidence, higher rates of unemployment and wide-scale layoffs,
impacts from the Middle East conflict and other international hostilities,
deteriorations in global trade and the effects of tariffs, changes in interest
rates, inflation, supply chain issues, energy costs, market volatility, and
fiscal and monetary policies; the effects of technology changes and the adoption
of artificial intelligence (AI); the impact of any future contingencies,
including, but not limited to, legal costs and settlements, the imposition of
fines or monetary penalties, remediation expenses, investment gains or losses,
restructurings, impairments and changes in reserves; issues impacting brand
perceptions and the company’s reputation; changes in the competitive
environment, including as a result of agentic technologies, and an inability to
realize benefits from new and extended sponsorships; impacts related to
acquisitions, divestitures, cobrand relationships and other partners; and the
impact of regulation, regulatory orders and other legal proceedings, which could
affect the profitability of the company’s business activities, limit the
company’s ability to pursue business opportunities, require changes to business
practices or alter the company’s relationships with Card Members, partners and
merchants; and
• the company’s ability to achieve its 2026 revenue growth guidance and grow
revenues net of interest expense in the future, which could be impacted by,
among other things, the factors identified above and in the Form 8-K Cautionary
Note, as well as the following: spending volumes not being consistent with
expectations, including spending by U.S. and international consumer Card Members
across age cohorts (including Millennial and Gen-Z customers) and business Card
Members and spending in retail and in dining, airline and other travel &
entertainment categories, such as due to uncertain macroeconomic and
geopolitical conditions; an inability to address competitive pressures, attract
and retain customers, invest in and enhance the company’s Membership Model of
premium products, differentiated services and partnerships, successfully refresh
card products and introduce new features and capabilities, grow banking
relationships with customers and implement strategies and business initiatives,
including within the premium consumer space, commercial payments and the global
network; the impacts of portfolio sales; the effects of regulatory initiatives,
including pricing regulation, such as pricing for card acceptance and interest
rate and fee caps, and network regulation; merchant coverage growing less than
expected or the reduction of merchant acceptance or perceptions of coverage;
increased surcharging, steering, suppression or other differential acceptance
practices with respect to the company’s products; merchant discount rates
changing from the company’s expectations; and changes in foreign currency
exchange rates.
A further description of these uncertainties and other risks can be found in
American Express Company’s Annual Report on Form 10-K for the year ended
December 31, 2025, Quarterly Reports on Form 10-Q for the quarters ended March
31 and June 30, 2026 and the company’s other reports filed with the SEC,
including in the Form 8-K Cautionary Note.
4
AMERICAN EXPRESS Q3 2026 RESULTS
American Express Company
Appendix I
Reconciliation of Adjusted EPS
Qua… Nine
End… YoY% Mon… YoY%
Sep… Inc… End… Inc…
30, Sep…
30,
2026 2025 2026 2025
GA…
Di… $5.… $4.… 31% $14… $11… 20%
EPS
GB…
Ga…
on $(1… $(1…
Sa…
(p…
Tax
Im…
of
GB… $0.… $0.…
Ga…
on
Sa…
GB…
Ga…
on $(1… $(1…
Sa…
(a…
ta…
Re…
Ch… $0.… $0.…
(p…
Tax
Im…
of $(0… $(0…
Re…
Ch…
Re…
Ch… $0.… $0.…
(a…
ta…
Ad…
Di… $4.… $4.… 13% $13… $11.… 14%
EPS
Reconciliation of Adjusted Net Income
$ in millions - amounts may not sum due to rounding
Qua… Nine
End… YoY% Mon… YoY%
Sep… Inc… End… Inc/…
30, Sep…
30,
2026 2025 2026 2025
GA…
Net $3,… $2,… 28% $9,… $8,… 17%
In…
GB…
Ga…
on $(9… $(9…
Sa…
(p…
Tax
Im…
of
GB… $230 $230
Ga…
on
Sa…
GB…
Ga…
on $(7… $(7…
Sa…
(a…
ta…
Re…
Ch… $336 $336
(p…
Tax
Im…
of $(8… $(8…
Re…
Ch…
Re…
Ch… $253 $253
(a…
ta…
Ad…
Net $3,… $2,… 11% $9,… $8,… 11%
In…
Reconciliation of Adjusted EPS Guidance
Amounts may not sum due to rounding
FY’25 FY’26 Guidance YoY%
Range Inc/(Dec)
GAAP Diluted $15.38 $18.30 $18.60 19% 21%
EPS
GBTG Gain on
Sale (after $(1.10) $(1.10)
tax)
Restructuring
Charge (after $0.37 $0.37
tax)
Adjusted $15.38 $17.60 $17.90 14% 16%
Diluted EPS
5