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

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$2.07B+23.2%
CS
$970M+7.2%
ICS
$477M+2.6%

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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$226.49B+4.7%
Enterprise value$240.3B+10.2%
P/E19.8×-1.5×
P/S-0.2×

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 official record: American Express’s 10-Q, filed July 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Express's GMNS — pretax income (loss) from continuing operations?
American Express (AXP) reported GMNS — pretax income (loss) from continuing operations of $1.13B in Q2 2026.
How has American Express's GMNS — pretax income (loss) from continuing operations changed year-over-year?
American Express's GMNS — pretax income (loss) from continuing operations increased by 7.0% year-over-year, from $1.05B to $1.13B.
What is the long-term trend for American Express's GMNS — pretax income (loss) from continuing operations?
Over 4 years (2021 to 2025), American Express's GMNS — pretax income (loss) from continuing operations has grown at a 20.2% compound annual growth rate (CAGR), from $1.9B to $3.97B.
What does GMNS — pretax income (loss) from continuing operations mean?
This metric reflects the profitability of the merchant and network services segment before the impact of income taxes. It is the primary measure of the segment's bottom-line performance from its core business activities. It allows investors to evaluate the segment's contribution to the overall company's earnings power.