American Express AXP ICS — Goodwill, Acquired During Period
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Where this comes from
Reported directly by American Express in its filing.
Tagged under the XBRL concept us-gaap:GoodwillAcquiredDuringPeriod.
The source filing: American Express’s 10-Q, filed July 24, 2026.
- Filed
- Jul 24, 2026, 12:00 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000004962-26-000322
On January 12, 2026, we completed the acquisition of our partner’s interest in our Switzerland joint venture (Swisscard AECS GmbH). Upon acquisition, we recognized within our International Card Services (ICS) segment $272 million of intangible assets, which will be amortized over an estimated weighted average useful life of approximately eight years, $136 million of Goodwill and a gain for the remeasurement of our existing ownership interest. The allocation of the purchase consideration for the acquisition is preliminary as certain estimates related to the valuation of assets and liabilities are subject to finalization.
ITEM 1. FINANCIAL STATEMENTS
FAQ
- What is American Express's ICS — goodwill, acquired during period?
- American Express (AXP) reported ICS — goodwill, acquired during period of $136M in Q1 2026.
- What does ICS — goodwill, acquired during period mean?
- Captures the value of goodwill recognized specifically from new business acquisitions completed during the current reporting period within the International Card Services segment. This reflects the premium paid over the fair value of net assets for newly integrated entities. It serves as a primary indicator of inorganic growth strategy execution.
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