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Cash outflows are negative, as the cash flow statements print them in parentheses.", "units_notes_seen": { "FY2025 10-K consolidated statements of income": "Year Ended December 31 (Millions, except per share amounts)", "FY2025 10-K consolidated balance sheets": "December 31 (Millions, except share data)", "FY2025 10-K consolidated statements of cash flows": "Years Ended December 31 (Millions)", "FY2025 10-K Table 1: Summary of Financial Performance": "(Millions, except percentages, per share amounts and where indicated); network volumes and billed business rows marked (billions)", "Q2 2026 10-Q consolidated statements of income, three months": "Three Months Ended June 30 (Millions, except per share amounts)", "Q2 2026 10-Q consolidated statements of income, six months": "Six Months Ended June 30 (Millions, except per share amounts)", "Q2 2026 10-Q consolidated balance sheets": "(Millions, except share data)", "Q2 2026 10-Q consolidated statements of cash flows": "Six Months Ended June 30 (Millions)", "Q2 2026 10-Q Table 1: Summary of Financial Performance": "(Millions, except percentages, per share amounts and where indicated); network volumes and billed business rows marked (billions)" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "None. 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Only figures that add across periods are shown: no per-share amount, share count or ratio is given, because those do not sum.", "income_statement": { "discount_revenue": 38972000000, "net_card_fees": 10794000000, "service_fees_and_other_revenue": 7835000000, "total_non_interest_revenues": 57601000000, "total_interest_income": 26471000000, "total_interest_expense": 8122000000, "net_interest_income": 18349000000, "total_revenues_net_of_interest_expense": 75950000000, "provision_for_credit_losses": 5037000000, "total_revenues_net_of_interest_expense_after_provisions": 70913000000, "card_member_rewards_expense": 19355000000, "business_development_expense": 6685000000, "card_member_services_expense": 7352000000, "marketing_expense": 6341000000, "salaries_and_employee_benefits_expense": 9570000000, "other_expenses_net": 6846000000, "total_expenses": 56149000000, "pretax_income": 14764000000, "income_tax_provision": 3318000000, "net_income": 11446000000, "earnings_allocated_to_participating_share_awards": 77000000, "preferred_dividends": 58000000, "net_income_attributable_to_common_shareholders": 11311000000 }, "cash_flow": { "depreciation_and_amortization": 1873000000, "net_cash_provided_by_operating_activities": 18475000000, "net_increase_in_card_balances_and_other_loans": -21073000000, "capital_expenditures": -3423000000, "acquisitions_net_of_cash_acquired": -524000000, "net_cash_used_in_investing_activities": -28394000000, "net_increase_in_customer_deposits": 7506000000, "proceeds_from_long_term_debt": 14597000000, "payments_of_long_term_debt": -15733000000, "repurchase_of_common_shares_and_other": -7465000000, "dividends_paid": -2417000000, "net_cash_provided_by_financing_activities": -3037000000 } }, "notes": [ "Template: American Express is a bank holding company whose business is card issuing and a card network, so the record follows its own income statement rather than a revenue/cost-of-sales layout: non-interest revenues (discount revenue, net card fees, service fees and other revenue) plus net interest income make up total revenues net of interest expense, from which provisions for credit losses and expenses by type (Card Member rewards, business development, Card Member services, marketing, salaries and employee benefits, other) are deducted.", "Coverage: the FY2025 10-K (accession 0000004962-26-000080) supplies fiscal years 2025, 2024 and 2023 for the income statement and cash flows, and year-end balance sheets for December 31, 2025 and 2024. The Q2 2026 10-Q (accession 0000004962-26-000322) supplies the three months ended June 30, 2026 and 2025, the six months ended June 30, 2026 and 2025, and the June 30, 2026 balance sheet.", "Beginning in the first quarter of 2026 the company presents Card Member loans and Card Member receivables on a combined basis as Card balances, and reclassified prior periods to conform; it states the change has no impact on the recognition or measurement of Card balances or their reserves. For fiscal 2025 and 2024, card_balances_net is the sum of the 10-K's Card Member receivables and Card Member loans (both net of reserves), which are also shown separately; the fiscal 2025 total of $207,774 million matches the December 31, 2025 Card balances the 10-Q prints. card_balances_held_for_sale was labelled Card Member loans held for sale in the 10-K. card_balances_reserve_for_credit_losses for fiscal 2025 and 2024 adds the two reserves stated in the 10-K balance-sheet captions ($180 million plus $5,909 million, and $171 million plus $5,679 million).", "The 10-K's line 'Net increase in loans and Card Member receivables, including Card Member loans held for sale' and the 10-Q's 'Net increase in Card balances and Other loans, including Card balances held for sale' are the same cash flow line under the old and new names, recorded as net_increase_in_card_balances_and_other_loans. Likewise the 10-K's Table 1 'Total loans and Card Member receivables' and the 10-Q's 'Total Card balances and Other loans' are recorded as total_card_balances_and_other_loans; both are gross of reserves.", "The December 31, 2025 balance sheet in the 10-Q matches the 10-K line for line, and the 10-Q's comparative figures show no restatement of previously reported totals.", "net_income_attributable_to_common_shareholders is the line the company labels Net income attributable to common shareholders (net income less preferred dividends and earnings allocated to participating share awards), taken from the earnings-per-share computation table of each filing: Table 20.1 of the FY2025 10-K (accession 0000004962-26-000080) and Table 13.1 of the second-quarter 2026 10-Q (accession 0000004962-26-000322). It is the numerator on which the company strikes earnings per share.", "total_debt is short-term borrowings plus long-term debt as printed on the balance sheet. capital_expenditures is the cash flow line 'Purchase of premises and equipment, net of sales'. Cash outflows are stored as negative numbers.", "common_shares_outstanding comes from the balance-sheet caption (686 million at December 31, 2025, 702 million at December 31, 2024, 675 million at June 30, 2026), which rounds to the nearest million. Weighted-average share counts are likewise printed in millions.", "Year-end cash, customer deposits and long-term debt for fiscal 2023, and the June 30, 2025 figures for the same three items, come from Table 1 (Summary of Financial Performance) in the respective filing; neither filing prints a full balance sheet for those dates.", "key_metrics and capital_ratios (network volumes, billed business, net interest yield, net write-off and delinquency rates, effective tax rate, return on average equity, Common Equity Tier 1 ratio, dividends declared per share, and Card balance totals and averages) are the company's own figures from Table 1 of each filing. Interim net interest yield and return on average equity are annualized by the company. The 10-Q's credit metrics are stated on the new combined Card balances basis; the 10-K's fiscal-year metrics were stated on the Card Member loans and receivables basis it used at the time.", "Cash flows are given only for six-month and full-year periods because the 10-Q prints its cash flow statement for the six months only; no three-month cash flow figures are shown.", "The trailing-twelve-months block is fiscal 2025 from the 10-K plus the six months ended June 30, 2026 less the six months ended June 30, 2025 from the 10-Q." ], "uncertainties": [ "No three-month cash flow figures for the second quarter of 2026 or 2025 are given: the 10-Q prints cash flows only for the six months, and the first-quarter 2026 10-Q, which would be needed to separate the quarter, is not among the filings this record is drawn from." ], "headline": { "period": "Q2 FY2026", "period_end_words": "June 30, 2026", "metrics": [ { "label": "Revenue", "format": "usd", "value": 19637000000, "text": "$19.64 billion", "exact": "$19,637,000,000", "compact": "$19.64B", "abs": "$19.64 billion", "prior_value": 17856000000, "prior": "$17.86 billion", "priorabs": "$17.86 billion", "yoy": "up 10.0%", "source": { "array": "quarterly", "field": "income_statement.total_revenues_net_of_interest_expense", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000004962-26-000322", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000004962-26-000322", "gap_days": 365 } }, { "label": "Net income", "format": "usd", "value": 3110000000, "text": "$3.11 billion", "exact": "$3,110,000,000", "compact": "$3.11B", "abs": "$3.11 billion", "prior_value": 2885000000, "prior": "$2.88 billion", "priorabs": "$2.88 billion", "yoy": "up 7.8%", "source": { "array": "quarterly", "field": "income_statement.net_income", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000004962-26-000322", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000004962-26-000322", "gap_days": 365 } }, { "label": "Diluted EPS", "format": "eps", "value": 4.53, "text": "$4.53", "exact": "$4.53", "compact": "$4.53", "abs": "$4.53", "prior_value": 4.08, "prior": "$4.08", "priorabs": "$4.08", "yoy": "up 11.0%", "source": { "array": "quarterly", "field": "income_statement.diluted_eps", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000004962-26-000322", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000004962-26-000322", "gap_days": 365 } }, { "label": "Billed business", "format": "usd", "value": 455800000000, "text": "$455.8 billion", "exact": "$455,800,000,000", "compact": "$455.80B", "abs": "$455.8 billion", "prior_value": 416300000000, "prior": "$416.3 billion", "priorabs": "$416.3 billion", "yoy": "up 9.5%", "source": { "array": "quarterly", "field": "key_metrics.billed_business", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000004962-26-000322", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000004962-26-000322", "gap_days": 365 } }, { "label": "Provision for credit losses", "format": "usd", "value": 1084000000, "text": "$1.08 billion", "exact": "$1,084,000,000", "compact": "$1.08B", "abs": "$1.08 billion", "prior_value": 1405000000, "prior": "$1.41 billion", "priorabs": "$1.41 billion", "yoy": "down 22.8%", "source": { "array": "quarterly", "field": "income_statement.provision_for_credit_losses", "index": 0, "period_label": "Q2 2026", "period_end": "2026-06-30", "period_start": "2026-04-01", "span_days": 90, "source_accession": "0000004962-26-000322", "prior_index": 1, "prior_period_label": "Q2 2025", "prior_period_end": "2025-06-30", "prior_period_start": "2025-04-01", "prior_span_days": 90, "prior_source_accession": "0000004962-26-000322", "gap_days": 365 } } ], "summary": "American Express reported $19.64 billion in total revenues net of interest expense for Q2 FY2026, the quarter ended June 30, 2026, up 10.0% from a year earlier, and net income of $3.11 billion, up 7.8%, or $4.53 per diluted share, up 11.0%. Spending on its cards drove the quarter, with billed business of $455.8 billion, up 9.5%, while provisions for credit losses were $1.08 billion, down 22.8%, as lower delinquencies brought a reserve release. Net income grew more slowly than pretax income because the effective tax rate was higher than in the year-ago quarter, which had benefited from resolving certain prior-year tax items.", "qa": [ { "q": "How much revenue did American Express make in Q2 FY2026?", "a": "American Express reported $19.64 billion in total revenues net of interest expense for Q2 FY2026, the quarter ended June 30, 2026. That is up 10.0% from $17.86 billion in the same quarter a year earlier." }, { "q": "What were American Express earnings per share in Q2 FY2026?", "a": "American Express earned $4.53 per diluted share in Q2 FY2026, against $4.08 a year earlier, on net income of $3.11 billion, up 7.8% from $2.88 billion. Earnings per share grew faster than net income because fewer shares were outstanding." }, { "q": "How much did American Express cardholders spend in Q2 FY2026?", "a": "Billed business on cards issued by American Express was $455.8 billion in Q2 FY2026, the quarter ended June 30, 2026, up 9.5% from $416.3 billion in the same quarter a year earlier." }, { "q": "How much did American Express set aside for credit losses in Q2 FY2026?", "a": "American Express recorded provisions for credit losses of $1.08 billion in Q2 FY2026, down 22.8% from $1.41 billion a year earlier. Lower delinquencies led to a reserve release in the quarter, after a reserve build in the year-ago quarter." } ] }, "company_details": { "Name": "American Express Co", "Ticker": "AXP", "CIK": "0000004962", "Exchange": "NYSE", "State": "New York", "Incorporation": "New York", "SIC": "6199", "Office": "Finance", "Industry": "Finance Services" }, "next_filing": { "predicted_date": "2026-10-16", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "form": "10-Q", "accession": "0000004962-26-000322", "fiscal_year_end": "1231", "source": "facts" }, "source_filings": [ { "role": "annual", "current": false, "form": "10-K", "fiscal_year": 2025, "fiscal_period": "FY", "tag": "FY25", "period_end": "2025-12-31", "filed": "2026-02-06", "accession": "0000004962-26-000080", "url": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000080/axp-20251231.htm", "source": "reported" }, { "role": "quarterly", "current": true, "form": "10-Q", "fiscal_year": 2026, "fiscal_period": "Q2", "tag": "FY26Q2", "period_end": "2026-06-30", "filed": "2026-07-24", "accession": "0000004962-26-000322", "url": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000322/axp-20260630.htm", "source": "facts" } ], "figure_sources": { "about": "Where each figure in this file is printed in its SEC filing. 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A figure with no entry is not printed in a tagged filing, either because it was calculated (margins, free cash flow, trailing twelve months, a quarter derived by subtraction) or because it comes from an untagged earnings release.", "documents": { "d1": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000080/axp-20251231.htm", "d2": "https://www.sec.gov/Archives/edgar/data/4962/000000496226000322/axp-20260630.htm" }, "annual": [ { "period_end": "2025-12-31", "income_statement": { "discount_revenue": "d1#f-57", "net_card_fees": "d1#f-60", "service_fees_and_other_revenue": "d1#f-63", "total_non_interest_revenues": "d1#f-66", "total_interest_income": "d1#f-78", "total_interest_expense": "d1#f-87", "net_interest_income": "d1#f-90", "total_revenues_net_of_interest_expense": "d1#f-93", "provision_for_credit_losses": "d1#f-105", "total_revenues_net_of_interest_expense_after_provisions": "d1#f-108", "card_member_rewards_expense": "d1#f-111", "business_development_expense": "d1#f-114", 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