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American Express AXP EMEA — Pretax income (loss) from continuing operations

Other geography segments

Other Unallocated
-$2.25B+6.9%
LACC Geographic Region
$907M+13.0%
APAC Geographic Region
$831M+26.7%

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ROIVUnited States — Total (loss) income from continuing operations before income taxes
-8,862,725,000%-319,694,836,012pp

Other financials

Income statement

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Revenue$19.6B+10.0%
Net income$3.1B+7.8%
EPS (diluted)$4.53+11.0%

Balance sheet

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Cash & equivalents$45.2B-21.9%
Total debt$59.0B-1.1%
Total equity$34.3B+6.1%
Total assets$308.20B+4.3%

Cash flow

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Operating cash flow$5.4B+23.1%
CapEx$898.0M+45.1%
Free cash flow$4.5B+19.4%

Valuation

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Market cap$231.36B+12.5%
Enterprise value$245.17B+18.2%
P/E20.2×-0.1×
P/S3.1×+0.1×

Profitability

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Net margin15.1%+0.3pp
FCF margin19.8%

Returns & leverage

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Return on equity34.4%+1.6pp
Debt / equity1.7×-0.1×

Where this comes from

Reported directly by American Express in its filing.

Tagged under the XBRL concept us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

The source filing: American Express’s 10-K, filed February 6, 2026.

Filed
Feb 6, 2026, 12:31 PM EST
Fiscal year
FY2025
Accession
0000004962-26-000080
(Millions)United StatesEMEA(a)APAC(a)LACC(a)Other Unallocated(b)Consolidated
2025
Total revenues net of interest expense$56,015$7,073$5,218$4,194$(271)$72,229
Pretax income (loss) from continuing operations13,0541,255831907(2,252)13,795
2024
Total revenues net of interest expense$51,471$6,216$4,698$3,845$(281)$65,949
Pretax income (loss) from continuing operations12,919935656803(2,418)12,895
2023
Total revenues net of interest expense$47,140$5,633$4,372$3,571$(201)$60,515

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

FAQ

What is American Express's EMEA — pretax income (loss) from continuing operations?
American Express (AXP) reported EMEA — pretax income (loss) from continuing operations of $313.75M in Q4 2025.
How has American Express's EMEA — pretax income (loss) from continuing operations changed year-over-year?
American Express's EMEA — pretax income (loss) from continuing operations increased by 34.2% year-over-year, from $233.75M to $313.75M.
What is the long-term trend for American Express's EMEA — pretax income (loss) from continuing operations?
Over 4 years (2021 to 2025), American Express's EMEA — pretax income (loss) from continuing operations has grown at a 15.5% compound annual growth rate (CAGR), from $705M to $1.26B.
What does EMEA — pretax income (loss) from continuing operations mean?
This metric measures the profitability of the company's operations in the Europe, Middle East, and Africa region before accounting for income taxes. It is derived by subtracting operating expenses, such as marketing, rewards, and provision for credit losses, from the segment's net revenue. This figure highlights the operational efficiency and underlying profitability of the regional business model independent of corporate tax structures.

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