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American Express AXP ICS — Salaries and employee benefits and other operating expenses

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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$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 axp:LaborAndRelatedExpenseIncludingOtherNoninterestExpense.

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
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
Six Months Ended June 30, 2026(Millions)USCSCSICSGMNSTotal Reportable Operating SegmentsCorporate & Other (a)Consolidated

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is American Express's ICS — salaries and employee benefits and other operating expenses?
American Express (AXP) reported ICS — salaries and employee benefits and other operating expenses of $884M in Q2 2026.
How has American Express's ICS — salaries and employee benefits and other operating expenses changed year-over-year?
American Express's ICS — salaries and employee benefits and other operating expenses increased by 12.9% year-over-year, from $783M to $884M.
What is the long-term trend for American Express's ICS — salaries and employee benefits and other operating expenses?
Over 3 years (2022 to 2025), American Express's ICS — salaries and employee benefits and other operating expenses has grown at a 3.9% compound annual growth rate (CAGR), from $2.94B to $3.3B.
What does ICS — salaries and employee benefits and other operating expenses mean?
This includes the fixed and variable costs related to personnel, administrative overhead, and general operational support for the international card services segment. It reflects the underlying cost structure required to maintain business operations.

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