Income StatementBalance SheetCash FlowSegments
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American Express Income Statement

Revenue, expenses, and profitability over time

American Express generated $74.2B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $11.2B with a 15.13% net margin. Diluted EPS is $16.03, which grew 0.1% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$74.2BNet Income (TTM)$11.2BEps Diluted (TTM)$16.03
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$212.74B
P/E Ratio18.96
ROE34.42%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Foreign Currency Translation Adjustments—$17.0M$115.0M-$6.0M—-$22.0M
OCI Available-for-Sale Securities Adjustment—$3.0M$0.0$1.0M—-$7.0M
Capital Expenditures$495.0M$430.0M$619.0M$654.0M$722.0M$1.1B
Change in foreign currency translation—$17.0M$115.0M-$6.0M—-$22.0M
Common Stock Dividends Per Share—$0.8$0.8$0.8—$1.0
Foreign Currency Translation Adjustments, Net of Tax—$17.0M$115.0M-$6.0M—-$22.0M
OCI - Available-for-Sale Securities Adjustment—$3.0M$0.0$1.0M—-$7.0M
OCI - Foreign Currency Translation Adjustment—$17.0M$115.0M-$6.0M—-$22.0M
Other Comprehensive Income (Loss), Net of Tax—$29.0M$118.0M-$1.0M—-$34.0M
Dividends per share declared—$0.8$0.8$0.8—$1.0
Reclassifications Net of Tax—$2.6B$2.9B$2.9B—$3.0B
OCI Attributable to Parent—$29.0M$118.0M-$1.0M—-$34.0M
OCI Defined Benefit Plans Adjustment (Net of Tax) Parent—-$9.0M-$3.0M-$4.0M—$5.0M
Dividends per share declared—$0.8$0.8$0.8—$1.0
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Income tax credits and Other income tax benefits recognized in tax provision—$66.0M$73.0M$65.0M—$76.0M
Investment Program, Proportional Amortization Method, Applied, Amortization Expense—$57.0M$58.0M$60.0M—$66.0M
Business development$1.6B$1.5B$1.6B$1.6B$1.7B$1.6B
Lease obligation incurred—————$370.0M
Card Member Rewards—$4.4B$4.6B$4.6B—$4.9B
Card Member rewards, business development and Card Member services—$7.2B$7.5B$7.7B—$8.5B
Card Member Services—$1.3B$1.3B$1.5B—$2.0B
Dividends declared (in dollars per share)—$0.8$0.8$0.8—$1.0
Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$2.6B$3.0B$2.9B—$2.9B
Contribution of property—————$370.0M
Debt And Equity Securities, Unrealized Gain$3.0M$2.0M—$1.0M—$2.0M
Debt And Equity Securities, Unrealized Loss$4.0M$17.0M———$24.0M
Deferred taxes-$73.0M-$20.0M-$365.0M-$257.0M—$145.0M
Depreciation, Amortization and Accretion, Net$428.0M$433.0M$427.0M$455.0M$462.0M$468.0M
Dividends, Common Stock, Cash—$576.0M$576.0M$567.0M—$652.0M
Dividends on preferred shares—$14.0M$15.0M$14.0M—$14.0M
Effective tax rates—$0.2$0.2$0.2—$0.2
Gross Unrealized Gains$4.0M$1.0M-$1.0M$0.0$0.0$0.0
Equity Securities, FV-NI, Unrealized Loss$2.0M$8.0M———$9.0M
Account Balances—$1.0B$946.0M$1.0B—$1.1B
Account balance, modified and subsequent default—$84.0M$83.0M$74.0M—$89.0M
Increase (Decrease) in Accounts Payable and Other Operating Liabilities—$228.0M$1.2B$1.9B—$476.0M
Increase (Decrease) in Other Operating Assets-$1.2B-$18.0M$1.2B$181.0M$1.4B$1.4B
Data processing and equipment—$705.0M———$767.0M
Interest and Dividend Income, Operating$6.1B$6.1B$6.3B$6.6B$6.6B$6.7B
Interest and Dividend Income, Securities, Operating$18.0M$14.0M$17.0M$15.0M$17.0M$17.0M
Interest and Fee Income, Loans and Leases$5.5B$5.6B$5.6B$6.0B$6.1B$6.1B
Interest Expense, Deposits$1.4B$1.3B$1.4B$1.4B$1.3B$1.3B
Interest Expense, Long-Term Debt$642.0M$629.0M$703.0M$760.0M$717.0M$686.0M
Interest Income, Deposits with Financial Institutions$556.0M$569.0M$599.0M$632.0M$501.0M$512.0M
Interest Income (Expense), Operating$4.0B$4.2B$4.2B$4.5B$4.5B$4.7B
Salaries and employee benefits and other operating expenses—$3.8B$3.8B$4.0B—$3.9B
Marketing$1.6B$1.5B$1.6B$1.6B$1.6B$1.5B
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation—$6.6B$7.7B——$5.0B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$12.2B$451.0M-$6.8B-$6.6B-$9.9B-$2.9B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$5.8B$4.8B$4.4B$6.2B$3.1B$3.8B
Net increase (decrease) in interest expense on long term debt and other—$12.0M$29.0M$47.0M—-$16.0M
Noninterest Expense$13.1B$12.5B$12.9B$13.3B$14.5B$13.9B
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax and Reclassification Adjustment, Attributable to Parent—-$9.0M-$3.0M-$4.0M—$5.0M
Foreign currency translation—$17.0M$115.0M-$6.0M—-$22.0M
Other comprehensive income/(loss)—$29.0M$118.0M-$1.0M—-$34.0M
Tax expense (benefit)—-$61.0M-$143.0M-$8.0M—$2.0M
Other Net Expenses—$400.0M$375.0M$406.0M—$147.0M
Other Noncash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Earnings allocated to participating share awards—$18.0M$18.0M$20.0M—$19.0M
Payment for Origination and Purchase, Loan, Held-for-Sale$0.0$0.0———$42.0M
Payments for (Proceeds from) Loans Receivable$11.3B-$835.0M$5.3B$5.7B$9.4B-$512.0M
Payments for Repurchase of Common Stock$1.0B$1.2B$1.4B$2.4B$899.0M$1.9B
Payments of Dividends$510.0M$509.0M$593.0M$586.0M$583.0M$583.0M
Payments to Acquire Businesses, Net of Cash Acquired$364.0M$0.0$633.0M——$498.0M
Payments to Acquire Investments$383.0M$239.0M$530.0M$545.0M$446.0M$2.0B
Payments to Acquire Property, Plant, and Equipment$495.0M$430.0M$619.0M$654.0M$722.0M$1.1B
Proceeds from Issuance of Common Stock$51.0M$22.0M$0.0$26.0M$9.0M$7.0M
Debt issued (Note 13)$83.0M$4.8B$11.1B$6.5B$2.0B$3.5B
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$304.0M$285.0M$302.0M$289.0M$577.0M$233.0M
Proceeds from (Repayments of) Short-Term Debt$38.0M$131.0M——-$28.0M$110.0M
Sale of investments$7.0M$0.0$1.0M$41.0M$5.0M$8.0M
Total provisions for credit losses$1.3B$1.2B$1.4B$1.3B$1.4B$1.3B
Reclassification from AOCI, Current Period, Net of Tax, Attributable to Parent—$0.0$0.0$0.0—$0.0
Repayments of Long-Term Debt$3.4B$3.5B$4.4B$7.0B$3.3B$1.5B
Revenue From Contract With Customer Excluding Assessed Tax—$9.6B$10.3B$10.4B—$10.5B
Stock-based compensation$111.0M$158.0M$127.0M$125.0M$141.0M$203.0M
Stockholders' Equity, Other—$407.0M-$93.0M-$124.0M—$86.0M
Total Revenues Net of Interest Expense After Provisions for Losses$15.9B$15.8B$16.5B$17.1B$17.6B$17.7B
Treasury stock, value, acquired—$678.0M$1.4B$2.3B—$1.7B
Currency Translation Adjustment, Net of Tax—$17.0M$115.0M-$6.0M—-$22.0M
Reclassification from AOCI, Net of Tax—$0.0$0.0$0.0—$0.0
Other Comprehensive Income (Loss)—$2.6B$3.0B$2.9B—$2.9B
OCI Foreign Currency Translation—$17.0M$115.0M-$6.0M—-$22.0M
Other Comprehensive Income Tax—-$61.0M-$143.0M-$8.0M—$2.0M
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Other Comprehensive Income (Loss), Net of Tax, Attributable to Parent—$29.0M$118.0M-$1.0M—-$34.0M
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
OCI Net of Tax, Parent—$29.0M$118.0M-$1.0M—-$34.0M
Other Comprehensive Income (Loss), Tax—-$61.0M-$143.0M-$8.0M—$2.0M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Common Stock Dividends Per Share (Declared)—$0.8$0.8$0.8—$1.0
Earnings Allocated to Participating Securities—$18.0M$18.0M$20.0M—$19.0M
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Basic earnings per share$3.05$3.64$4.08$4.14$3.54$4.29
Diluted earnings per share$3.04$3.64$4.08$4.14$3.53$4.28
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Incremental Shares from Options and Warrants—$1.0M———$1.0M
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Common stock dividends per share declared—$0.8$0.8$0.8—$1.0
Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Dividends per share declared—$0.8$0.8$0.8—$1.0
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Dividends per share declared—$0.8$0.8$0.8—$1.0
Dividends per share declared—$0.8$0.8$0.8—$1.0
Dividends per Share Declared—$0.8$0.8$0.8—$1.0
Dividends per share declared—$0.82$0.82$0.82—$0.95
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Common stock dividends per share declared—$0.8$0.8$0.8—$1.0
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Common Stock Dividends Per Share Declared—$0.8$0.8$0.8—$1.0
Common stock dividends per share declared—$0.8$0.8$0.8—$1.0
Weighted-average shares, basic—701M698M692M—685M
Weighted-average shares, diluted—702M699M693M—686M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Stock-Based Compensation Expense$111.0M$158.0M$127.0M$125.0M$141.0M$203.0M
Business development expense$1.6B$1.5B$1.6B$1.6B$1.7B$1.6B
Card Member Rewards Expense—$4.4B$4.6B$4.6B—$4.9B
Card Member Services Expense—$1.3B$1.3B$1.5B—$2.0B
Share-Based Compensation Expense$111.0M$158.0M$127.0M$125.0M$141.0M$203.0M
Total Variable Customer Engagement Expenses—$7.2B$7.5B$7.7B—$8.5B
Information Technology and Data Processing—$705.0M———$767.0M
Compensation and benefits$2.1B$2.1B$2.2B$2.2B$2.5B$2.5B
Depreciation and amortization—$433.0M$427.0M$455.0M—$468.0M
Business development expense$1.6B$1.5B$1.6B$1.6B$1.7B$1.6B
Stock-based compensation expense$111.0M$158.0M$127.0M$125.0M$141.0M$203.0M
Other operating expenses$2.1B$1.6B$1.7B$1.8B$1.9B$1.5B
Professional fees—$541.0M$591.0M$623.0M—$545.0M
Selling and marketing$1.6B$1.5B$1.6B$1.6B$1.6B$1.5B
Share-Based Compensation$111.0M$158.0M$127.0M$125.0M$141.0M$203.0M
Total operating expenses$13.1B$12.5B$12.9B$13.3B$14.5B$13.9B

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Income tax expense$586.0M$746.0M$665.0M$923.0M$628.0M$807.0M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Deferred Income Tax Expense (Benefit)—-$20.0M-$365.0M-$257.0M—$145.0M
Effective Tax Rate (Continuing Operations)—$0.2$0.2$0.2—$0.2
Effective Income Tax Rate—$0.2$0.2$0.2—$0.2
Effective Tax Rate, Continuing Operations—$0.2$0.2$0.2—$0.2
Effective Tax Rate Continuing Operations—$0.2$0.2$0.2—$0.2

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other Non-Cash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Other non-cash income (expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Net Unrealized Gain on Equity Securities$4.0M$1.0M-$1.0M$0.0$0.0$0.0
Interest expense$2.0B$2.0B$2.1B$2.1B$2.1B$2.0B
Other Non-Cash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Other income (expense), net—-$213.0M—-$13.0M—$282.0M
Other Non-cash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Other Non-Cash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Earnings Allocated to Participating Share Awards—$18.0M$18.0M$20.0M—$19.0M
Net income applicable to common shareholders—$2.6B$2.9B$2.9B—$3.0B
Common Dividends Declared (Per Share)—$0.8$0.8$0.8—$1.0
Net Income Allocated to Common (Diluted)—$2.6B$2.9B$2.9B—$2.9B
Net earnings to common—$2.6B$2.9B$2.9B—$3.0B
Net Income Available to Common Stockholders (Diluted)—$2.6B$2.9B$2.9B—$2.9B
Net Income Available to Common Shareholders—$2.6B$2.9B$2.9B—$3.0B
OCI Attributable to Parent—$29.0M$118.0M-$1.0M—-$34.0M
Net income$2.2B$2.6B$2.9B$2.9B$2.5B$3.0B
Preferred stock dividends—$14.0M$15.0M$14.0M—$14.0M
Net income attributable to common stock—$2.6B$2.9B$2.9B—$3.0B

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest and dividend income, securities$18.0M$14.0M$17.0M$15.0M$17.0M$17.0M
Interest and fee income, loans and leases$5.5B$5.6B$5.6B$6.0B$6.1B$6.1B
Interest and Fee Income on Loans and Leases$5.5B$5.6B$5.6B$6.0B$6.1B$6.1B
Interest Income on Deposits with Banks$556.0M$569.0M$599.0M$632.0M$501.0M$512.0M
Interest and Fee Income on Loans and Leases$5.5B$5.6B$5.6B$6.0B$6.1B$6.1B
Interest and Fee Income, Loans and Leases$5.5B$5.6B$5.6B$6.0B$6.1B$6.1B
Net interest income$4.0B$4.2B$4.2B$4.5B$4.5B$4.7B
Net interest income after provision for credit losses$15.9B$15.8B$16.5B$17.1B$17.6B$17.7B
Total interest income$6.1B$6.1B$6.3B$6.6B$6.6B$6.7B
Total noninterest income$13.1B$12.8B$13.7B$13.9B$14.5B$14.2B
Total revenue$17.2B$17.0B$17.9B$18.4B$19.0B$18.9B

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Interest Expense on Long-Term Debt$642.0M$629.0M$703.0M$760.0M$717.0M$686.0M
Total interest expense (banking)$642.0M$629.0M$703.0M$760.0M$717.0M$686.0M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$2.8B$3.3B$3.6B$3.8B$3.1B$3.8B