Form 10-Q · Quarterly report
American Express 10-Q, filed Oct 23, 2026
- Filed
- CIK
- 0000004962
- Accession no.
- 0000004962-26-000409
Summary
American Express reported third-quarter 2026 net income of $3.7 billion, or $5.42 per diluted share, versus $2.9 billion, or $4.14 a year earlier, as total revenues net of interest expense rose 9% to $20.1 billion. The quarter included a $982 million pretax gain on the sale of its equity interest in Global Business Travel Group and a $336 million restructuring charge related to efficiency initiatives.
Key points
- Billed business increased 8% year over year to $454.0 billion, with Travel & Entertainment spend up 10% and Goods & Services spend up 7%.
- Provisions for credit losses fell 23% to $985 million, and the net write-off rate on card balances was 2.1%, down from 2.2%.
- Total expenses rose 9% to $14.5 billion, while net card fees increased 16%.
- Total Card balances and other loans were $233.2 billion, up 8%, and customer deposits were $155.0 billion, up 3%.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (MD&A) Business Introduction American Express is a global payments and premium lifestyle brand powered by technology. Founded in 1850 and headquartered in New York, American Express’ card-issuing, merchant-acquiring and card network businesses offer products and services to a broad range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world. …
An excerpt of the text as filed with the SEC, cut for length.
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