What is American Express's gmns — total revenues net of interest expense?

American Express (AXP) reported gmns — total revenues net of interest expense of $2.00B in Q1 2026.

How has American Express's gmns — total revenues net of interest expense changed year-over-year?

American Express's gmns — total revenues net of interest expense increased by 10.4% year-over-year, from $1.82B to $2.00B.

What is the long-term trend for American Express's gmns — total revenues net of interest expense?

Over 3 years (2022 to 2025), American Express's gmns — total revenues net of interest expense has grown at a 6.2% compound annual growth rate (CAGR), from $6.48B to $7.76B.

What does gmns — total revenues net of interest expense mean?

Total revenue minus the cost of interest expenses.

Business Segments · Total revenues net of interest expense

GMNS — Total revenues net of interest expense

American Express GMNS — Total revenues net of interest expense decreased by 1.7% to $2.00B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.4%, from $1.82B to $2.00B. Over 3 years (FY 2022 to FY 2025), GMNS — Total revenues net of interest expense shows an upward trend with a 6.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryProfitability

SignalHigher is better

VolatilityStable

First reportedQ1 2020

Last reportedQ1 2026

Rolls up toTotal Revenue

How to read this metric

Growth indicates the segment is successfully scaling its core business while managing funding costs effectively.

Detailed definition

Represents the top-line revenue of the segment after accounting for the direct costs of financing its operations. This i...

Peer comparison

Standard 'net revenue' metric used across the financial services industry to assess core performance.

Metric ID: axp_segment_gmns_total_revenues_net_of_interest_expense

Historical Data

18 periods

	Q3 '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	$1.32B	$1.42B	$1.63B	$1.67B	$1.76B	$1.74B	$1.86B	$1.85B	$1.94B	$1.87B	$1.87B	$1.85B	$1.89B	$1.82B	$1.93B	$1.97B	$2.04B	$2.00B
QoQ Change	—	+7.3%	+15.2%	+1.9%	+5.6%	-1.0%	+7.0%	-0.6%	+4.9%	-3.7%	+0.2%	-1.4%	+2.5%	-4.2%	+6.5%	+2.0%	+3.4%	-1.7%
YoY Change	—	—	—	+25.9%	—	+22.8%	+14.0%	+11.2%	+10.4%	+7.4%	+0.5%	-0.2%	-2.4%	-2.9%	+3.2%	+6.8%	+7.7%	+10.4%

Range$1.32B – $2.04B

CAGR+10.3%

Avg YoY Growth+8.2%

Median YoY Growth+7.5%

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Frequently Asked Questions

What is American Express's gmns — total revenues net of interest expense?: American Express (AXP) reported gmns — total revenues net of interest expense of $2.00B in Q1 2026.
How has American Express's gmns — total revenues net of interest expense changed year-over-year?: American Express's gmns — total revenues net of interest expense increased by 10.4% year-over-year, from $1.82B to $2.00B.
What is the long-term trend for American Express's gmns — total revenues net of interest expense?: Over 3 years (2022 to 2025), American Express's gmns — total revenues net of interest expense has grown at a 6.2% compound annual growth rate (CAGR), from $6.48B to $7.76B.
What does gmns — total revenues net of interest expense mean?: Total revenue minus the cost of interest expenses.