“To be clear, because that's the most important thing, we expect that either card fees are going to exit this year with a growth rate in the high teens.”

How to check this claim

Look at: Card fees revenue (also called network/card membership fees or discount revenue as reported) year-over-year growth rate, Q4 exit rate

It came true if: Q4 2026 card fees growth rate 15%-19% year-over-year

Where: Company quarterly earnings release / 10-K revenue breakdown (card fees line item)

Verify independently

SEC filings for AXP ↗ · Claim quote is verbatim from the 2026Q2 earnings call.