At its 2026 annual meeting, American Express (NYSE: AXP) shareholders elected all 13 director nominees, ratified PricewaterhouseCoopers as the company’s independent auditor, and approved an advisory vote on executive compensation. The meeting, chaired by CEO Stephen Squeri, took place virtually. Two shareholder proposals regarding healthcare coverage for transgender minors and a political bias audit were both rejected due to lack of majority support.
In financial highlights, American Express reported record revenue of $72 billion for 2025, a 10% year-over-year increase, and a net income of over $10 billion, equating to $15.38 per share. Total billed business was $1.7 trillion, with 12.5 million new proprietary card acquisitions. The company also indicated strong first-quarter results for 2026, with revenue of $19 billion and net income of $3 billion.
Squeri noted that Millennials and Gen Z are driving growth, representing 66% of new acquisitions globally and the largest share of U.S. consumer spending. The company remains focused on long-term performance amid questions about recent share price declines and insider trading activities.
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