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American Express AXP ICS — Marketing

Other segment segments

USCS
$813M+1.6%
CS
$379M+14.5%
GMNS
$100M+4.2%

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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$235.68B+14.6%
Enterprise value$249.48B+20.3%
P/E20.6×+0.3×
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:MarketingExpense.

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
Three Months Ended June 30, 2026(Millions)USCSCSICSGMNSTotal Reportable Operating SegmentsCorporate & Other (a)Consolidated
Total revenues net of interest expense after provisions for credit losses9,0254,1493,3962,08618,656(104)18,553
Expenses
Card Member rewards, business development and Card Member services (c)4,7451,9941,6833288,75058,755
Marketing8133793521001,64471,650
Salaries and employee benefits and other operating expenses1,4038068845303,6234534,077
Total expenses6,9613,1792,91995814,01746514,482
Pretax income (loss)$2,065$970$477$1,128$4,640$(569)$4,071
Total assets$123,404$65,567$52,291$19,401$260,663$47,540$308,203

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is American Express's ICS — marketing?
American Express (AXP) reported ICS — marketing of $352M in Q2 2026.
How has American Express's ICS — marketing changed year-over-year?
American Express's ICS — marketing increased by 9.3% year-over-year, from $322M to $352M.
What is the long-term trend for American Express's ICS — marketing?
Over 3 years (2022 to 2025), American Express's ICS — marketing has grown at a 4.8% compound annual growth rate (CAGR), from $1.15B to $1.32B.
What does ICS — marketing mean?
This represents the expenditures dedicated to advertising, brand promotion, and customer acquisition campaigns specifically for the international card services segment. It is a discretionary investment aimed at expanding market share and brand visibility.

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