American Express AXP Business Segments
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Total revenues net of interest expense by Business | ||||||
| CS | $4.32B-1.8% | $4.4B+2.7% | $4.28B+1.6% | $4.21B+4.4% | $4.04B-2.1% | |
| GMNS | $2B-1.7% | $2.04B+3.4% | $1.97B+2.0% | $1.93B+6.5% | $1.82B-4.2% | |
| ICS | $3.53B+1.0% | $3.5B+4.8% | $3.34B+3.2% | $3.23B+10.1% | $2.94B-1.8% | |
| USCS | $9.12B-0.4% | $9.16B+3.4% | $8.86B+3.5% | $8.55B+3.7% | $8.25B0.0% | |
| Total Revenues Net of Interest Expense After Provisions for Losses by Business | ||||||
| CS | $3.94B-2.4% | $4.04B+2.3% | $3.95B+2.5% | $3.85B+3.9% | $3.71B-2.8% | |
| GMNS | $2B+1.6% | $1.97B+0.1% | $1.97B+2.0% | $1.93B+6.1% | $1.82B-3.8% | |
| ICS | $3.29B+0.3% | $3.29B+5.4% | $3.12B+3.2% | $3.02B+10.1% | $2.74B-1.9% | |
| USCS | $8.49B+1.3% | $8.38B+3.2% | $8.12B+5.2% | $7.72B+1.4% | $7.62B+2.0% | |
| Total non-interest revenues by Business | ||||||
| CS | $3.41B-3.3% | $3.53B+2.5% | $3.44B+0.6% | $3.42B+4.8% | $3.27B-3.6% | |
| GMNS | $1.83B-1.8% | $1.86B+4.3% | $1.78B+1.4% | $1.76B+5.9% | $1.66B-3.7% | |
| ICS | $3.16B-0.9% | $3.19B+5.2% | $3.03B+3.0% | $2.95B+11.4% | $2.65B-2.9% | |
| USCS | $5.8B-1.7% | $5.9B+5.1% | $5.62B+1.4% | $5.54B+5.7% | $5.24B-1.3% | |
| Pretax income (loss) from continuing operations by Business | ||||||
| CS | $816M-2.5% | $837M-23.2% | $1.09B+20.4% | $905M+8.3% | $836M+2.7% | |
| GMNS | $1.12B+26.1% | $884M-15.0% | $1.04B-1.3% | $1.05B+6.5% | $990M+16.1% | |
| ICS | $781M+147% | $316M-28.3% | $441M-5.2% | $465M+22.0% | $381M+1,021% | |
| USCS | $1.76B+13.4% | $1.55B-16.3% | $1.85B+10.5% | $1.68B-3.2% | $1.73B+12.1% | |
| Revenue from contracts with customers by Business | ||||||
| CS | $2.93B-4.4% | $3.07B+2.7% | $2.99B+0.4% | $2.98B+5.2% | $2.83B-4.3% | |
| GMNS | $1.63B-1.8% | $1.66B+4.7% | $1.59B+0.8% | $1.57B+6.0% | $1.49B-3.9% | |
| ICS | $1.98B-3.7% | $2.05B+6.4% | $1.93B+2.8% | $1.88B+11.1% | $1.69B-5.3% | |
| USCS | $3.99B-4.2% | $4.16B+6.1% | $3.93B+0.6% | $3.9B+7.4% | $3.63B-1.7% | |
| Total Assets by Business | ||||||
| CS | $66.08B+4.6% | $63.17B-1.8% | $64.31B+3.5% | $62.15B+0.2% | $62.01B+5.2% | |
| GMNS | $19.35B+3.6% | $18.69B-1.0% | $18.88B+3.0% | $18.32B+1.3% | $18.08B+2.1% | |
| ICS | $50.18B+0.2% | $50.09B+6.0% | $47.25B+1.6% | $46.5B+9.1% | $42.62B-0.6% | |
| USCS | $119.52B-2.8% | $122.97B+6.6% | $115.33B+1.3% | $113.88B+2.7% | $110.89B-2.9% | |
| Noninterest Expense by Business | ||||||
| CS | $3.13B-2.4% | $3.2B+12.0% | $2.86B-3.0% | $2.95B+2.7% | $2.87B-4.2% | |
| GMNS | $885M-18.4% | $1.09B+17.0% | $927M+6.1% | $874M+5.7% | $827M-20.1% | |
| ICS | $2.51B-15.4% | $2.97B+10.9% | $2.68B+4.7% | $2.56B+8.2% | $2.36B-14.4% | |
| USCS | $6.74B-1.4% | $6.83B+9.0% | $6.27B+3.7% | $6.05B+2.8% | $5.89B-0.6% | |
| Interest Income (Expense), Operating by Business | ||||||
| CS | $913M+4.7% | $872M+3.8% | $840M+6.3% | $790M+2.6% | $770M+4.9% | |
| GMNS | $180M-0.6% | $181M-4.7% | $190M+8.6% | $175M+12.9% | $155M-9.4% | |
| ICS | $367M+20.7% | $304M+0.7% | $302M+6.0% | $285M-1.7% | $290M+9.4% | |
| USCS | $3.32B+2.1% | $3.25B+0.5% | $3.24B+7.4% | $3.01B+0.2% | $3.01B+2.3% | |
| Salaries and employee benefits and other operating expenses by Business | ||||||
| CS | $828M-13.0% | $952M+16.7% | $816M-1.2% | $826M+5.0% | $787M-11.2% | |
| GMNS | $514M-18.2% | $628M+19.8% | $524M+6.9% | $490M+4.7% | $468M-19.7% | |
| ICS | $630M-33.5% | $948M+16.3% | $815M+4.1% | $783M+4.3% | $751M-25.9% | |
| USCS | $1.37B-7.2% | $1.47B+13.3% | $1.3B+1.5% | $1.28B+3.4% | $1.24B-4.3% | |
| Interest and Dividend Income, Operating by Business | ||||||
| CS | $1.35B+0.9% | $1.33B+2.4% | $1.3B+5.0% | $1.24B+3.2% | $1.2B+2.2% | |
| GMNS | $10M+11.1% | $9M0.0% | $9M-10.0% | $10M-16.7% | $12M+9.1% | |
| ICS | $728M+9.3% | $666M+2.1% | $652M+5.2% | $620M+4.0% | $596M+2.2% | |
| USCS | $4.07B0.0% | $4.07B+1.2% | $4.03B+6.1% | $3.8B+0.9% | $3.76B+0.3% | |
| Interest Expense by Business | ||||||
| CS | $432M-6.3% | $461M-0.2% | $462M+2.7% | $450M+4.2% | $432M-2.3% | |
| GMNS | -$169M+1.7% | -$172M+5.0% | -$181M-9.7% | -$165M-15.4% | -$143M+10.6% | |
| ICS | $360M-0.6% | $362M+3.4% | $350M+4.5% | $335M+9.5% | $306M-3.8% | |
| USCS | $751M-8.4% | $820M+3.9% | $789M+0.9% | $782M+3.3% | $757M-7.1% | |
| Marketing by Business | ||||||
| CS | $311M-11.1% | $350M+11.8% | $313M-5.4% | $331M-1.8% | $337M-6.4% | |
| GMNS | $65M-44.0% | $116M+10.5% | $105M+9.4% | $96M+26.3% | $76M-41.5% | |
| ICS | $332M-4.3% | $347M-0.9% | $350M+8.7% | $322M+7.3% | $300M-2.0% | |
| USCS | $764M-4.1% | $797M-3.4% | $825M+3.1% | $800M+4.6% | $765M-5.9% | |
| Goodwill, Acquired During Period by Business | ||||||
| ICS | $136M— | $0— | $0— | $0— | $0— | |
| Provisions by Business | ||||||
| CS | $380M+5.8% | $359M+8.1% | $332M-7.8% | $360M+9.4% | $329M+5.8% | |
| GMNS | $4M-94.3% | $70M+1,300% | $5M0.0% | $5M+350% | -$2M-133% | |
| ICS | $238M+12.8% | $211M-3.2% | $218M+3.8% | $210M+9.4% | $192M-1.0% | |
| USCS | $631M-18.4% | $773M+5.3% | $734M-11.5% | $829M+31.4% | $631M-19.5% | |
| Card Member rewards, business development and Card Member services by Business | ||||||
| CS | $1.99B+4.5% | $1.9B+9.8% | $1.73B-3.4% | $1.79B+2.5% | $1.75B-0.3% | |
| GMNS | $306M-10.3% | $341M+14.4% | $298M+3.5% | $288M+1.8% | $283M-12.1% | |
| ICS | $1.55B-7.3% | $1.67B+10.7% | $1.51B+4.1% | $1.45B+10.7% | $1.31B-9.0% | |
| USCS | $4.61B+0.9% | $4.56B+10.1% | $4.15B+4.5% | $3.97B+2.2% | $3.88B+1.7% | |
| Total non-interest revenues by Product | ||||||
| Credit Card, Merchant Discount | $9.51B-3.8% | $9.88B+5.0% | $9.41B+0.6% | $9.36B+7.1% | $8.74B-4.7% | |
| Credit Card | $2.75B+4.7% | $2.63B+3.1% | $2.55B+2.9% | $2.48B+6.3% | $2.33B+3.9% | |
| Financial Service, Other | $1.95B+0.3% | $1.95B-1.6% | $1.98B+8.1% | $1.83B+6.2% | $1.72B+0.2% |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does American Express break its business down?
- American Express (AXP) reports total revenues net of interest expense by business across 4 parts — CS, GMNS, ICS and USCS. Each is extracted from the segment footnotes and tracked over time.
- Where does American Express's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in American Express's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
