Credit Card, Merchant Discount — Total non-interest revenues
American Express Credit Card, Merchant Discount — Total non-interest revenues decreased by 3.8% to $9.51B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 8.8%, from $8.74B to $9.51B. Over 4 years (FY 2021 to FY 2025), Credit Card, Merchant Discount — Total non-interest revenues shows an upward trend with a 9.8% CAGR.
Analysis
How to read this metric
An increase suggests a growing reliance on transaction volume and merchant network activity, while a decrease may indicate a shift toward interest-based income or card member fees.
Detailed definition
This metric represents the proportion of total non-interest revenue derived from discount fees charged to merchants for...
Peer comparison
Similar to merchant discount rate revenue or payment processing fee concentration metrics found in other global payment networks and credit card issuers.
axp_segment_discount_revenue_total_non_interest_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.33B | $6.68B | $7.48B | $6.84B | $7.87B | $7.85B | $8.18B | $7.95B | $8.48B | $8.41B | $8.58B | $8.38B | $8.86B | $8.78B | $9.18B | $8.74B | $9.36B | $9.41B | $9.88B | $9.51B |
| QoQ Change | — | +5.5% | +12.1% | -8.6% | +15.2% | -0.3% | +4.3% | -2.9% | +6.7% | -0.9% | +2.0% | -2.3% | +5.7% | -0.8% | +4.5% | -4.7% | +7.1% | +0.6% | +5.0% | -3.8% |
| YoY Change | — | — | — | — | +24.4% | +17.6% | +9.4% | +16.3% | +7.7% | +7.1% | +4.9% | +5.4% | +4.4% | +4.4% | +7.0% | +4.3% | +5.7% | +7.2% | +7.7% | +8.8% |
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Frequently Asked Questions
- What is American Express's credit card, merchant discount — total non-interest revenues?
- American Express (AXP) reported credit card, merchant discount — total non-interest revenues of $9.51B in Q1 2026.
- How has American Express's credit card, merchant discount — total non-interest revenues changed year-over-year?
- American Express's credit card, merchant discount — total non-interest revenues increased by 8.8% year-over-year, from $8.74B to $9.51B.
- What is the long-term trend for American Express's credit card, merchant discount — total non-interest revenues?
- Over 4 years (2021 to 2025), American Express's credit card, merchant discount — total non-interest revenues has grown at a 9.8% compound annual growth rate (CAGR), from $25.73B to $37.40B.
- What does credit card, merchant discount — total non-interest revenues mean?
- The percentage of total non-interest revenue that comes from merchant transaction processing fees.