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

Other geography segments

EMEA
$1.26B+34.2%
LACC Geographic Region
$907M+13.0%
APAC Geographic Region
$831M+26.7%

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ROIVBermuda — Total (loss) income from continuing operations before income taxes
1,559,150,000%+997,064,798pp
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ROIVSwitzerland — Total (loss) income from continuing operations before income taxes
542,775,000%+278,123,885pp
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CIOther Operations — Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest
$10M+150%
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ROIVOther — Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
146,350,000%+140,325,000pp

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 other unallocated — pretax income (loss) from continuing operations?
American Express (AXP) reported other unallocated — pretax income (loss) from continuing operations of -$563M in Q4 2025.
How has American Express's other unallocated — pretax income (loss) from continuing operations changed year-over-year?
American Express's other unallocated — pretax income (loss) from continuing operations increased by 6.9% year-over-year, from -$604.5M to -$563M.
What is the long-term trend for American Express's other unallocated — pretax income (loss) from continuing operations?
Over 4 years (2021 to 2025), American Express's other unallocated — pretax income (loss) from continuing operations has grown at a 22.0% compound annual growth rate (CAGR), from -$1.02B to -$2.25B.
What does other unallocated — pretax income (loss) from continuing operations mean?
This metric measures the pretax profitability or loss attributable to corporate-level functions, shared services, and unallocated geographic operations. It serves as a catch-all for expenses and income that are not directly attributable to the primary business segments, such as corporate administrative costs or central risk management adjustments. Monitoring this helps investors understand the drag or contribution of non-operating activities on the company's total pretax income.

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