American Express Company - Q1'26 Earnings Tables

Sep 20, 2026

Consolidated financial tables for American Express Company (preliminary) presenting Q1’26 results alongside Q4’25, Q3’25, Q2’25, and Q1’25 comparisons. The income statement details non-interest revenues, net interest income, credit-loss provisions, total expenses, pretax income, income taxes, and net income, including earnings per common share. Additional sections summarize consolidated balance sheet assets and liabilities, shareholders’ equity, and related statistical metrics such as card balances, net interest yield, and returns on equity. Capital information with share changes and Basel III risk-based ratios is included.

LanguageEnglish

CategoryResearch & Report

FormatPDF

Pages13

Reading Time33 min

AccessFree to download

Consolidated Statements of Income

Non-interest revenues

Interest income and interest expense

Provisions for credit losses

Expenses and net income

Earnings per Common Share

Consolidated Balance Sheets and Related Statistical Information

Consolidated Balance Sheets Assets

Liabilities and Shareholders' Equity

Related Statistical Information

Consolidated Capital

EXHIBIT 99.2 American Express Company (Preliminary) Consolidated Statements of Income (Millions, except percentages and per share amounts) YOY % Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 change Non-interest revenues | Discount revenue | $ 9,512 $ 9,884 $ 9,413 $ 9,361 $ 8,743 | | | | | 9 | | --- | --- | --- | --- | --- | --- | --- | | Net card fees | 2,752 | 2,629 | 2,551 | 2,480 | 2,333 | 18 | | Service fees and other revenue | 1,951 | 1,945 | 1,976 | 1,828 | 1,722 | 13 | | Total non-interest revenues | 14,215 | 14,458 | 13,940 | 13,669 | 12,798 | 11 | | Interest income | | | | | | | | Interest on Card balances and Other loans | 6,136 | 6,064 | 5,970 | 5,648 | 5,552 | 11 | | Interest and dividends on investment securities | 17 | 17 | 15 | 17 | 14 | 21 | | Deposits with banks and other | 512 | 501 | 632 | 599 | 569 | (10) | | Total interest income | 6,665 | 6,582 | 6,617 | 6,264 | 6,135 | 9 | | Interest expense | | | | | | | | Deposits | 1,287 | 1,343 | 1,371 | 1,374 | 1,337 | (4) | | Long-term debt and other | 686 | 717 | 760 | 703 | 629 | 9 | | Total interest expense | 1,973 | 2,060 | 2,131 | 2,077 | 1,966 | — | | Net interest income | 4,692 | 4,522 | 4,486 | 4,187 | 4,169 | 13 | | Total revenues net of interest expense | 18,907 | 18,980 | 18,426 | 17,856 | 16,967 | 11 | | Provisions for credit losses | | | | | | | | Card balances | 1,187 | 1,231 | 1,220 | 1,320 | 1,047 | 13 | | Other | 64 | 183 | 67 | 85 | 103 | (38) | | Total provisions for credit losses | 1,251 | 1,414 | 1,287 | 1,405 | 1,150 | 9 | | Total revenues net of interest expense after provisions for credit losses | 17,656 | 17,566 | 17,139 | 16,451 | 15,817 | 12 | | | | | | | | | | Expenses | | | | | | | | Card Member rewards | 4,891 | 4,805 | 4,608 | 4,618 | 4,378 | 12 | | Business development | 1,591 | 1,728 | 1,611 | 1,589 | 1,529 | 4 | | Card Member services | 1,975 | 1,951 | 1,477 | 1,301 | 1,328 | 49 | | Marketing | 1,480 | 1,612 | 1,599 | 1,555 | 1,486 | — | | Salaries and employee benefits | 2,482 | 2,505 | 2,239 | 2,152 | 2,120 | 17 | | Professional services | 545 | 669 | 623 | 591 | 541 | 1 | | Data processing and equipment | 767 | 810 | 751 | 720 | 705 | 9 | | Other, net | 147 | 396 | 406 | 375 | 400 | (63) | | Total expenses | 13,878 | 14,476 | 13,314 | 12,901 | 12,487 | 11 | | Pretax income | 3,778 | 3,090 | 3,825 | 3,550 | 3,330 | 13 | | Income tax provision | 807 | 628 | 923 | 665 | 746 | 8 | | Net income | $ 2,971 | $ 2,462 | $ 2,902 | $ 2,885 | $ 2,584 | 15 | | Net income attributable to common shareholders (A) | $ 2,938 | $ 2,429 | $ 2,868 | $ 2,852 | $ 2,552 | 15 | | Effective tax rate | 21.4 % | 20.3 % | 24.1 % | 18.7 % | 22.4 % | | | | | | | | | | | Earnings Per Common Share | | | | | | | | Basic | | | | | | | | Net income attributable to common shareholders | $ 4.29 | $ 3.53 | $ 4.14 | $ 4.08 | $ 3.64 | 18 | | Average common shares outstanding | 685 | 687 | 692 | 698 | 701 | (2) | | Diluted | | | | | | | | Net income attributable to common shareholders | $ 4.28 | $ 3.53 | $ 4.14 | $ 4.08 | $ 3.64 | 18 | | Average common shares outstanding | 686 | 688 | 693 | 699 | 702 | (2) | | Cash dividends declared per common share | $ 0.95 | $ 0.82 | $ 0.82 | $ 0.82 | $ 0.82 | 16 | See Appendix II for footnote references and definitions of certain key terms American Express Company (Preliminary) Consolidated Balance Sheets and Related Statistical Information (Millions, except percentages, per share amounts and where indicated) YOY % Q1'26 Q4'25 Q3'25 Q2'25 Q1'25 change Consolidated Balance Sheets Assets Cash & cash equivalents $ 53,757 $ 47,792 $ 54,706 $ 57,937 $ 52,508 2 Card balances, less reserves 207,247 207,774 199,769 195,913 191,966 8 Card balances held for sale 2,477 2,457 2,424 2,405 776 \# Investment securities 2,625 1,043 1,374 1,258 1,110 \# | Other (B) | 42,788 | 40,986 | 39,277 | 38,043 | 35,884 | 19 | | --- | --- | --- | --- | --- | --- | --- |

FAQs

What financial statements are included in the Q1'26 earnings tables?

The tables include consolidated statements of income, consolidated balance sheets with related statistical information, and consolidated capital.

How is credit loss reflected in the income statement?

Credit losses are shown as provisions for credit losses, broken out into card balances and other, with a total provided for each quarter.

Which performance metrics are reported in the related statistical information section?

The section reports total and average card balances and other loans, net interest yield, return on average equity, return on average common equity, and book value per common share.

Sep 20, 2026

Uploaded by Ethan Miller