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+7.1% | $4.4B+6.7% | $4.28B+7.1% | $4.21B+6.5% | $4.04B+6.6% | |
| GMNS | $2B+10.4% | $2.04B+7.7% | $1.97B+6.8% | $1.93B+3.2% | $1.82B-2.9% | |
| ICS | $3.53B+20.3% | $3.5B+16.9% | $3.34B+13.6% | $3.23B+14.5% | $2.94B+8.2% | |
| USCS | $9.12B+10.6% | $9.16B+11.0% | $8.86B+11.5% | $8.55B+10.6% | $8.25B+10.0% | |
| Total Revenues Net of Interest Expense After Provisions for Losses by Business | ||||||
| CS | $3.94B+6.3% | $4.04B+6.0% | $3.95B+9.0% | $3.85B+6.9% | $3.71B+8.0% | |
| GMNS | $2B+10.1% | $1.97B+4.3% | $1.97B+7.1% | $1.93B+4.0% | $1.82B-2.5% | |
| ICS | $3.29B+20.0% | $3.29B+17.5% | $3.12B+12.2% | $3.02B+14.9% | $2.74B+8.4% | |
| USCS | $8.49B+11.5% | $8.38B+12.3% | $8.12B+13.9% | $7.72B+9.9% | $7.62B+12.5% | |
| Total non-interest revenues by Business | ||||||
| CS | $3.41B+4.4% | $3.53B+4.1% | $3.44B+4.1% | $3.42B+2.7% | $3.27B+2.2% | |
| GMNS | $1.83B+9.9% | $1.86B+7.8% | $1.78B+6.9% | $1.76B+4.4% | $1.66B+0.3% | |
| ICS | $3.16B+19.6% | $3.19B+17.1% | $3.03B+14.1% | $2.95B+15.7% | $2.65B+8.6% | |
| USCS | $5.8B+10.7% | $5.9B+11.1% | $5.62B+11.8% | $5.54B+10.2% | $5.24B+10.0% | |
| Pretax income (loss) from continuing operations by Business | ||||||
| CS | $816M-2.4% | $837M+2.8% | $1.09B+20.0% | $905M0.0% | $836M-4.8% | |
| GMNS | $1.12B+12.6% | $884M+3.6% | $1.04B+4.9% | $1.05B-31.4% | $990M-2.7% | |
| ICS | $781M+105% | $316M+829% | $441M-3.1% | $465M+60.3% | $381M+51.2% | |
| USCS | $1.76B+1.4% | $1.55B+0.3% | $1.85B+11.6% | $1.68B+7.4% | $1.73B+7.4% | |
| Revenue from contracts with customers by Business | ||||||
| CS | $2.93B+3.6% | $3.07B+3.8% | $2.99B+3.5% | $2.98B+1.8% | $2.83B+1.2% | |
| GMNS | $1.63B+9.8% | $1.66B+7.4% | $1.59B+6.2% | $1.57B+3.8% | $1.49B-0.7% | |
| ICS | $1.98B+17.1% | $2.05B+15.1% | $1.93B+11.8% | $1.88B+12.4% | $1.69B+6.2% | |
| USCS | $3.99B+9.8% | $4.16B+12.7% | $3.93B+8.4% | $3.9B+5.6% | $3.63B+4.8% | |
| Total Assets by Business | ||||||
| CS | $66.08B+6.6% | $63.17B+7.1% | $64.31B+7.7% | $62.15B+5.4% | $62.01B+6.7% | |
| GMNS | $19.35B+7.0% | $18.69B+5.5% | $18.88B+6.4% | $18.32B-25.0% | $18.08B-27.3% | |
| ICS | $50.18B+17.7% | $50.09B+16.8% | $47.25B+9.7% | $46.5B+10.8% | $42.62B+2.8% | |
| USCS | $119.52B+7.8% | $122.97B+7.7% | $115.33B+8.6% | $113.88B+5.2% | $110.89B+6.3% | |
| Noninterest Expense by Business | ||||||
| CS | $3.13B+8.9% | $3.2B+6.8% | $2.86B+5.3% | $2.95B+9.1% | $2.87B+12.5% | |
| GMNS | $885M+7.0% | $1.09B+4.8% | $927M+9.6% | $874M+177% | $827M-2.4% | |
| ICS | $2.51B+6.3% | $2.97B+7.5% | $2.68B+15.2% | $2.56B+9.3% | $2.36B+3.7% | |
| USCS | $6.74B+14.4% | $6.83B+15.4% | $6.27B+14.6% | $6.05B+10.6% | $5.89B+14.1% | |
| Interest Income (Expense), Operating by Business | ||||||
| CS | $913M+18.6% | $872M+18.8% | $840M+21.0% | $790M+27.2% | $770M+30.3% | |
| GMNS | $180M+16.1% | $181M+5.8% | $190M+5.6% | $175M-7.4% | $155M-27.9% | |
| ICS | $367M+26.6% | $304M+14.7% | $302M+9.0% | $285M+4.0% | $290M+5.1% | |
| USCS | $3.32B+10.5% | $3.25B+10.7% | $3.24B+11.0% | $3.01B+11.5% | $3.01B+10.0% | |
| Salaries and employee benefits and other operating expenses by Business | ||||||
| CS | $828M+5.2% | $952M+7.4% | $816M+4.5% | $826M+11.3% | $787M+7.4% | |
| GMNS | $514M+9.8% | $628M+7.7% | $524M+12.7% | $490M+945% | $468M-5.5% | |
| ICS | $630M-16.1% | $948M-6.5% | $815M+10.1% | $783M+4.7% | $751M+3.7% | |
| USCS | $1.37B+10.3% | $1.47B+13.8% | $1.3B+13.2% | $1.28B+14.9% | $1.24B+14.3% | |
| Interest and Dividend Income, Operating by Business | ||||||
| CS | $1.35B+11.9% | $1.33B+13.4% | $1.3B+14.0% | $1.24B+18.0% | $1.2B+19.6% | |
| GMNS | $10M-16.7% | $9M-18.2% | $9M-18.2% | $10M-23.1% | $12M-29.4% | |
| ICS | $728M+22.1% | $666M+14.2% | $652M+10.9% | $620M+7.5% | $596M+2.2% | |
| USCS | $4.07B+8.2% | $4.07B+8.5% | $4.03B+8.1% | $3.8B+9.2% | $3.76B+8.1% | |
| Interest Expense by Business | ||||||
| CS | $432M0.0% | $461M+4.3% | $462M+3.1% | $450M+4.7% | $432M+4.3% | |
| GMNS | -$169M-18.2% | -$172M-7.5% | -$181M-7.1% | -$165M+6.3% | -$143M+27.8% | |
| ICS | $360M+17.6% | $362M+13.8% | $350M+12.5% | $335M+10.6% | $306M-0.3% | |
| USCS | $751M-0.8% | $820M+0.6% | $789M-2.1% | $782M+1.4% | $757M+1.2% | |
| Marketing by Business | ||||||
| CS | $311M-7.7% | $350M-2.8% | $313M+1.6% | $331M+1.8% | $337M+3.4% | |
| GMNS | $65M-14.5% | $116M-10.8% | $105M-6.3% | $96M0.0% | $76M+4.1% | |
| ICS | $332M+10.7% | $347M+13.4% | $350M+22.0% | $322M+11.0% | $300M-14.8% | |
| USCS | $764M-0.1% | $797M-2.0% | $825M+9.3% | $800M+4.7% | $765M+6.4% | |
| Goodwill, Acquired During Period by Business | ||||||
| ICS | $136M— | $0— | $0— | $0— | $0— | |
| Provisions by Business | ||||||
| CS | $380M+15.5% | $359M+15.4% | $332M-11.2% | $360M+3.2% | $329M-7.3% | |
| GMNS | $4M+300% | $70M+1,067% | $5M-50.0% | $5M-75.0% | -$2M-133% | |
| ICS | $238M+24.0% | $211M+8.8% | $218M+38.0% | $210M+9.4% | $192M+5.5% | |
| USCS | $631M0.0% | $773M-1.4% | $734M-9.6% | $829M+17.4% | $631M-13.2% | |
| Card Member rewards, business development and Card Member services by Business | ||||||
| CS | $1.99B+13.7% | $1.9B+8.5% | $1.73B+6.3% | $1.79B+9.6% | $1.75B+16.9% | |
| GMNS | $306M+8.1% | $341M+5.9% | $298M+10.8% | $288M+3.6% | $283M+1.4% | |
| ICS | $1.55B+18.2% | $1.67B+16.1% | $1.51B+16.7% | $1.45B+11.5% | $1.31B+9.1% | |
| USCS | $4.61B+18.6% | $4.56B+19.6% | $4.15B+16.1% | $3.97B+10.6% | $3.88B+15.7% | |
| Total non-interest revenues by Product | ||||||
| Credit Card, Merchant Discount | $9.51B+8.8% | $9.88B+7.7% | $9.41B+7.2% | $9.36B+5.7% | $8.74B+4.3% | |
| Credit Card | $2.75B+18.0% | $2.63B+17.1% | $2.55B+17.6% | $2.48B+20.4% | $2.33B+18.2% | |
| Financial Service, Other | $1.95B+13.3% | $1.95B+13.1% | $1.98B+17.6% | $1.83B+8.3% | $1.72B+2.6% |
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.
