American Express CFO Christophe Le Caillec stated that operating trends remained strong through the first half of 2026, with foreign-exchange-adjusted revenue increasing 10% and earnings per share rising in the mid-teens. The company also raised its 2026 outlook for variable customer engagement (VCE) expenses from approximately 44% to 44%-45% of revenue. Le Caillec noted that credit metrics have remained stable, and Millennials and Gen Z customers account for 65% of new accounts.