AMERICAN EXPRESS CO, 10-Q filed on 7/24/2026
Quarterly Report
v3.26.1
Cover - shares
 6 Months Ended
Jun. 30, 2026
Jul. 14, 2026
Entity Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2026  
Document Transition Report false  
Entity File Number 1-7657  
Entity Registrant Name AMERICAN EXPRESS COMPANY  
Entity Incorporation, State or Country Code NY  
Entity Tax Identification Number 13-4922250  
Entity Address, Address Line One 200 Vesey Street  
Entity Address, City or Town New York  
Entity Address, State or Province NY  
Entity Address, Postal Zip Code 10285  
City Area Code 212  
Local Phone Number 640-2000  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   675,309,833
Entity Central Index Key 0000004962  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q2  
Amendment Flag false  
Common shares (par value $0.20 per share)    
Entity Information [Line Items]    
Title of 12(b) Security Common shares (par value $0.20 per share)  
Trading Symbol AXP  
Security Exchange Name NYSE  
3.433% Fixed-To-Floating Rate Note    
Entity Information [Line Items]    
Title of 12(b) Security 3.433% Fixed-to-Floating Rate Notes due May 20, 2032  
Trading Symbol AXP32  
Security Exchange Name NYSE  
3.835% Fixed-To-Floating Rate Note    
Entity Information [Line Items]    
Title of 12(b) Security 3.835% Fixed-to-Floating Rate Notes due June 16, 2034  
Trading Symbol AXP34  
Security Exchange Name NYSE  
v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Non-interest revenues        
Non-interest revenues $ 14,988 $ 13,669 $ 29,203 $ 26,467
Interest income        
Interest on Card balances and Other loans 6,119 5,648 12,256 11,200
Interest and dividends on investment securities 36 17 52 31
Deposits with banks and other 452 599 964 1,168
Total interest income 6,607 6,264 13,272 12,399
Interest expense        
Deposits 1,276 1,374 2,563 2,711
Long-term debt and other 682 703 1,368 1,332
Total interest expense 1,958 2,077 3,931 4,043
Net interest income 4,649 4,187 9,341 8,356
Total revenues net of interest expense 19,637 17,856 38,544 34,823
Provisions for credit losses        
Total provisions for credit losses 1,084 1,405 2,336 2,555
Total revenues net of interest expense after provisions for credit losses 18,553 16,451 36,208 32,268
Expenses        
Card Member rewards 5,051 4,618 9,942 8,996
Business development 1,755 1,589 3,346 3,118
Card Member services 1,949 1,301 3,924 2,629
Marketing 1,650 1,555 3,130 3,041
Salaries and employee benefits 2,344 2,152 4,826 4,272
Other, net 1,733 1,686 3,191 3,332
Total expenses 14,482 12,901 28,359 25,388
Pretax income 4,071 3,550 7,849 6,880
Income tax provision 961 665 1,767 1,411
Net income $ 3,110 $ 2,885 $ 6,082 $ 5,469
Earnings per Common Share        
Basic (in dollars per share) $ 4.54 [1] $ 4.08 [1] $ 8.83 [2] $ 7.73 [2]
Diluted (in dollars per share) $ 4.53 [1] $ 4.08 [1] $ 8.81 [2] $ 7.71 [2]
Average common shares outstanding for earnings per common share:        
Basic (in shares) 678 698 681 700
Diluted (in shares) 679 699 682 701
Card Balances        
Provisions for credit losses        
Total provisions for credit losses $ 1,017 $ 1,320 $ 2,204 $ 2,367
Other        
Provisions for credit losses        
Total provisions for credit losses 67 85 132 188
Discount revenue        
Non-interest revenues        
Non-interest revenues 10,163 9,361 19,675 18,104
Net card fees        
Non-interest revenues        
Non-interest revenues 2,862 2,480 5,614 4,813
Service fees and other revenue        
Non-interest revenues        
Non-interest revenues $ 1,963 $ 1,828 $ 3,914 $ 3,550
[1] Reflects net income less (i) earnings allocated to participating share awards of $20 million and $18 million for the three months ended June 30, 2026 and 2025, respectively, and (ii) dividends on preferred shares of $15 million for both the three months ended June 30, 2026 and 2025.
[2] Represents net income less (i) earnings allocated to participating share awards of $39 million and $36 million for the six months ended June 30, 2026 and 2025, respectively, and (ii) dividends on preferred shares of $29 million for both the six months ended June 30, 2026 and 2025.
v3.26.1
Consolidated Statements of Income (Unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Earnings allocated to participating share awards $ 20 $ 18 $ 39 $ 36
Dividends on preferred shares $ 15 $ 15 $ 29 $ 29
v3.26.1
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Statement of Comprehensive Income [Abstract]        
Net income $ 3,110 $ 2,885 $ 6,082 $ 5,469
Other comprehensive income (loss):        
Net unrealized debt securities gains (losses), net of tax (11) 0 (18) 3
Foreign currency translation adjustments, net of hedges and tax (37) 115 (59) 132
Net unrealized pension and other postretirement benefits, net of tax 4 3 (1) 12
Other comprehensive income (loss) (44) 118 (78) 147
Comprehensive income $ 3,066 $ 3,003 $ 6,004 $ 5,616
v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents    
Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2026, $4; 2025, nil) $ 3,453 $ 3,559
Interest-bearing deposits in other banks 41,469 43,491
Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2026, $73; 2025, $84) 321 742
Total cash and cash equivalents (includes restricted cash: 2026, $165; 2025, $169) 45,243 47,792
Investment securities 4,073 1,043
Premises and equipment, less accumulated depreciation and amortization: 2026, $12,858; 2025, $12,039 7,689 6,118
Other assets, less reserves for credit losses: 2026, $121; 2025, $86 26,143 24,263
Total assets 308,203 300,052
Liabilities    
Customer deposits 156,973 152,488
Accounts payable 15,441 14,700
Short-term borrowings 2,032 1,371
Long-term debt (includes debt issued by consolidated variable interest entities: 2026, $11,779; 2025, $13,022) 57,017 56,387
Other liabilities 42,460 41,632
Total liabilities 273,923 266,578
Contingencies (Note 7)
Shareholders’ Equity    
Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of June 30, 2026 and December 31, 2025 0 0
Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 675 million shares as of June 30, 2026 and 686 million shares as of December 31, 2025 135 138
Additional paid-in capital 11,121 11,126
Retained earnings 26,379 25,487
Accumulated other comprehensive income (loss) (3,355) (3,277)
Total shareholders’ equity 34,280 33,474
Total liabilities and shareholders’ equity 308,203 300,052
Card Balances    
Cash and cash equivalents    
Financing receivables, net 212,188 207,774
Financing receivables held for sale 1,752 2,457
Other Loans    
Cash and cash equivalents    
Financing receivables, net $ 11,115 $ 10,605
v3.26.1
Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Cash and cash equivalents    
Restricted cash $ 165 $ 169
Accumulated depreciation and amortization 12,858 12,039
Other assets, reserves for credit losses 121 86
Liabilities    
Long-term debt $ 57,017 $ 56,387
Shareholders’ Equity    
Preferred shares, par value (in dollars per share) $ 1.667 $ 1.667
Preferred shares authorized (in shares) 20,000,000 20,000,000
Preferred shares, issued (in shares) 1,600 1,600
Preferred shares, outstanding (in shares) 1,600 1,600
Common shares, par value (in dollars per share) $ 0.20 $ 0.20
Common shares, authorized (in shares) 3,600,000,000 3,600,000,000
Common shares, issued (in shares) 675,000,000 686,000,000
Common shares, outstanding (in shares) 675,000,000 686,000,000
Card Balances    
Cash and cash equivalents    
Financing receivables, gross $ 218,054 $ 213,863
Allowance for credit losses 5,866 6,089
Other Loans    
Cash and cash equivalents    
Financing receivables, gross 11,428 10,928
Allowance for credit losses 312 323
Variable Interest Entity, Primary Beneficiary    
Liabilities    
Long-term debt 11,779 13,022
Variable Interest Entity, Primary Beneficiary | Card Balances    
Cash and cash equivalents    
Financing receivables, gross 32,167 33,378
Variable Interest Entity, Primary Beneficiary | Cash    
Cash and cash equivalents    
Restricted cash 4 0
Variable Interest Entity, Primary Beneficiary | Short-Term Investments    
Cash and cash equivalents    
Restricted cash $ 73 $ 84
v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net income $ 6,082 $ 5,469
Adjustments to reconcile net income to net cash provided by operating activities:    
Provisions for credit losses 2,336 2,555
Depreciation and amortization 956 860
Stock-based compensation 358 285
Deferred taxes 71 (385)
Other items [1] (937) 61
Originations of Card balances held for sale (67) 0
Changes in operating assets and liabilities, net of effects of acquisitions and dispositions:    
Other assets (1,836) (1,152)
Accounts payable & other liabilities 2,212 1,435
Net cash provided by operating activities 9,175 9,128
Cash Flows from Investing Activities    
Sale of investments 24 1
Maturities and redemptions of investments 536 587
Purchase of investments (3,855) (769)
Net increase in Card balances and Other loans, including Card balances held for sale (5,983) (4,483)
Purchase of premises and equipment, net of sales [2] (2,047) (1,049)
Acquisitions, net of cash acquired (524) (633)
Net cash used in investing activities (11,849) (6,346)
Cash Flows from Financing Activities    
Net increase in customer deposits 4,404 9,943
Net increase in short-term borrowings 481 21
Proceeds from long-term debt [2] 6,116 15,896
Payments of long-term debt (5,471) (7,895)
Issuance of American Express common shares 7 22
Repurchase of American Express common shares and other (4,215) (2,564)
Dividends paid (1,248) (1,102)
Net cash provided by financing activities 74 14,321
Effect of foreign currency exchange rates on cash and cash equivalents 51 194
Net (decrease) increase in cash and cash equivalents (2,549) 17,297
Cash and cash equivalents at beginning of period 47,792 40,640
Cash and cash equivalents at end of period $ 45,243 $ 57,937
[1] Primarily includes gains/losses on fair value hedges, foreign currency transactions, tax credits and Amex Ventures investments and movements in equity method investments.
[2] Excludes an increase of $370 million related to non-cash activity for a finance lease. Refer to Note 1 for additional information.
v3.26.1
Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Statement of Cash Flows [Abstract]    
Sales of premises and equipment $ 1 $ 0
Lease obligation incurred 370 370
Contribution of property $ 370 $ 370
v3.26.1
Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
$ in Millions
Total
Preferred Shares
Common Shares
Additional Paid-in Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings
Series D Preferred Stock
Series D Preferred Stock
Retained Earnings
Beginning Balance at Dec. 31, 2024 $ 30,264 $ 0 $ 141 $ 11,370 $ (3,395) $ 22,148    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 5,469         5,469    
Other comprehensive income (loss) 147       147      
Repurchase of common shares (2,074)   (1) (114)   (1,959)    
Other changes (314)     (204)   (110)    
Cash dividends declared preferred             $ (29) $ (29)
Cash dividends declared common (1,152)         (1,152)    
Ending Balance at Jun. 30, 2025 32,311 0 140 11,052 (3,248) 24,367    
Beginning Balance at Mar. 31, 2025 31,202 0 140 11,037 (3,366) 23,391    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 2,885         2,885    
Other comprehensive income (loss) 118       118      
Repurchase of common shares (1,396)     (78)   (1,318)    
Other changes 93     93   0    
Cash dividends declared preferred             (15) (15)
Cash dividends declared common (576)         (576)    
Ending Balance at Jun. 30, 2025 32,311 0 140 11,052 (3,248) 24,367    
Beginning Balance at Dec. 31, 2025 33,474 0 138 11,126 (3,277) 25,487    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 6,082         6,082    
Other comprehensive income (loss) (78)       (78)      
Repurchase of common shares (3,905)   (3) (167)   (3,735)    
Other changes 33     162   (129)    
Cash dividends declared preferred             (29) (29)
Cash dividends declared common (1,297)         (1,297)    
Ending Balance at Jun. 30, 2026 34,280 0 135 11,121 (3,355) 26,379    
Beginning Balance at Mar. 31, 2026 33,995 0 137 11,081 (3,311) 26,088    
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 3,110         3,110    
Other comprehensive income (loss) (44)       (44)      
Repurchase of common shares (2,241)   (2) (81)   (2,158)    
Other changes 120     121   (1)    
Cash dividends declared preferred             $ (15) $ (15)
Cash dividends declared common (645)         (645)    
Ending Balance at Jun. 30, 2026 $ 34,280 $ 0 $ 135 $ 11,121 $ (3,355) $ 26,379    
v3.26.1
Consolidated Statements of Shareholders' Equity (Unaudited) (Parenthetical) - $ / shares
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Common stock, dividend per share (in dollars per share) $ 0.95 $ 0.82 $ 1.90 $ 1.64
Series D Preferred Stock        
Preferred stock, dividend per share (in dollars per share) $ 9,072.22 $ 9,072.22 $ 17,947.22 $ 17,947.22
v3.26.1
Basis of Presentation
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation Basis of Presentation
The Company
We are 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. These products and services are offered through various channels, including mobile and online applications, affiliate marketing, customer referral programs, third-party service providers and business partners, in-house sales teams, direct mail, telephone and direct response advertising.
The accompanying Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2025 (the 2025 Form 10-K). If not materially different, certain note disclosures included therein have been omitted from these Consolidated Financial Statements.
The interim Consolidated Financial Statements included in this report have not been audited. In the opinion of management, all adjustments, which consist of normal recurring adjustments necessary for a fair statement of the interim Consolidated Financial Statements, have been made. Results of operations reported for interim periods are not necessarily indicative of results for the entire year.
The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosures of contingent assets and liabilities. These accounting estimates reflect the best judgment of management, but actual results could differ.
Certain reclassifications of prior period amounts have been made to conform to the current period presentation.
Beginning in the first quarter of 2026, we have updated our presentation and disclosure of Card Member loans and Card Member receivables to present them on a combined basis as Card balances. Prior period amounts have been reclassified to conform to the new presentation. Previously, Card Member loans represented balances on our credit card products and revolve-eligible balances on our charge card products, which included balances that Card Members paid in full as well as balances that Card Members paid over time with interest, and Card Member receivables represented balances on our charge card products that need to be paid in full on or before the Card Member’s payment due date. The updated Card balances presentation includes both revolve-eligible balances and balances that need to be paid in full, reflecting the evolution of our card products over time, primarily due to the expansion of lending features on our charge card portfolio. This presentation change has no impact on the recognition or measurement of outstanding Card balances and associated reserves for credit losses.
Business Events
On February 25, 2026, we announced plans to build a new approximately 1.95 million square foot headquarters at 200 Greenwich Street (2 World Trade Center site) in New York City. In connection with the project, we entered into a commitment of up to $2.8 billion for the cost of construction. When the building goes into service, capitalized construction costs will be depreciated over the estimated useful life of the premises. We also recognized a finance lease liability of $370 million, which represents the present value of contractual fixed lease payments over the term of a land lease, and a corresponding increase to the right-of-use finance lease asset.
On January 12, 2026, we completed the acquisition of our partner’s interest in our Switzerland joint venture (Swisscard AECS GmbH). Upon acquisition, we recognized within our International Card Services (ICS) segment $272 million of intangible assets, which will be amortized over an estimated weighted average useful life of approximately eight years, $136 million of Goodwill and a gain for the remeasurement of our existing ownership interest. The allocation of the purchase consideration for the acquisition is preliminary as certain estimates related to the valuation of assets and liabilities are subject to finalization.
Recently Issued Accounting Standards
In November 2024 and as amended in January 2025, the Financial Accounting Standards Board issued updated accounting guidance on the Disaggregation of Income Statement Expenses for annual reporting periods beginning after December 15, 2026 and for interim reporting periods beginning December 15, 2027, with early adoption permitted. The updated guidance includes the requirement for a new tabular disclosure within a Note to the Consolidated Financial Statements, to disaggregate defined expense categories from the expense report lines presented on the Consolidated Statements of Income. We are currently assessing the updated guidance; however, it is not expected to have a material impact to our Consolidated Financial Statements.
In September 2025, the Financial Accounting Standards Board issued updated guidance on accounting for internal-use software, effective for annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments modernize guidance to consider different methods of software development, updating the requirements for capitalization of software costs. We are currently assessing the updated guidance; however, it is not expected to have a material impact to our Consolidated Financial Statements.
v3.26.1
Card Balances and Other Loans
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Card Balances and Other Loans Card Balances and Other Loans
Our card products that we offer to consumer, small business and corporate customers result in the generation of Card balances. We also extend credit to customers through financing products that are not associated with a Card Member agreement, and instead are governed by a separate borrowing relationship, resulting in Other loans.
Card balances and Other loans as of June 30, 2026 and December 31, 2025 consisted of:
Table 2.1: Card Balances and Other Loans
(Millions)20262025
Consumer (a)
$144,974 $144,324 
Small Business56,172 53,632 
Corporate (a)
16,908 15,907 
Card balances218,054 213,863 
Less: Reserves for credit losses5,866 6,089 
Card balances, net$212,188 $207,774 
Other loans, net (b)
$11,115 $10,605 
(a)Includes approximately $32.2 billion and $33.4 billion of gross Card balances available to settle obligations of a consolidated variable interest entity (VIE) as of June 30, 2026 and December 31, 2025, respectively.
(b)Other loans are presented net of reserves for credit losses of $312 million and $323 million as of June 30, 2026 and December 31, 2025, respectively.
Card Balances Aging
Generally, a Card Member account is considered past due if payment due is not received within 30 days after the billing statement date. The following table presents the aging of Card balances as of June 30, 2026 and December 31, 2025:
Table 2.2: Card Balances Aging
(Millions)
Current30-59
Days
Past Due		60-89
Days
Past Due		90+
Days
Past Due		Total
90+ Days Past Due and Still Accruing Interest (a)
Non-Accruals(b)
2026
Consumer$143,348 $480 $355 $791 $144,974 $436 $390 
Small Business55,442 229 160 340 56,172 136 165 
Corporate (c)
(d)(d)(d)66 16,908 — — 
2025
Consumer142,552 529 392 851 144,324 434 471 
Small Business$52,870 $255 $168 340 53,632 130 177 
Corporate (c)
(d)(d)(d)$75 $15,907 $— $— 
(a)Our policy is generally to accrue interest through the date of write-off (typically 180 days past due). We establish reserves for interest that we believe will not be collected.
(b)Non-accrual Card balances primarily include certain Card balances placed with outside collection agencies for which we have ceased accruing interest.
(c)For corporate accounts, delinquency data is tracked based on days past billing status rather than days past due. A Card Member account is considered 90 days past billing if payment has not been received within 90 days of the Card Member’s billing statement date. In addition, if we initiate collection procedures on an account prior to the account becoming 90 days past billing, the associated Card balances are classified as 90 days past billing. These amounts are shown above as 90+ Days Past Due for presentation purposes. See also (d).
(d)Delinquency data for periods other than 90+ days past billing has not historically been available due to system constraints. Therefore, such data has not been a material input for risk management purposes. The balances that are current to 89 days past billing can be derived as the difference between the Total and the 90+ Days Past Due balances.
Other Loans Aging and Gross Write-Offs by Origination Year
Generally, a customer loan is considered past due if payment due is not received within 30 days after the payment due date. The following tables present the aging and gross write-offs for Other loans by year of origination as of or for the six months ended June 30, 2026, and as of or for the twelve months ended December 31, 2025:
Table 2.3: Other Loans Aging and Gross Write-Offs by Origination Year
2026 (Millions)
20262025202420232022
Prior
Revolving Loans (a)
Total
Current
$3,391 $3,652 $1,335 $226 $26 $54 $2,684 $11,369 
30-59 Days Past Due
1 7 4 1 — 1 7 21 
60-89 Days Past Due
1 6 4 1 — — 7 20 
90+ Days Past Due (b)
— 5 4 1 — 1 6 18 
Total (c)
$3,394 $3,670 $1,348 $230 $26 $55 $2,704 $11,428 
Gross Write-Offs
$1 $39 $36 $12 $1 $— $51 $141 
2025 (Millions)
20252024202320222021
Prior
Revolving Loans (a)
Total
Current
$5,532 $2,172 $494 $45 $6 $54 $2,564 $10,867 
30-59 Days Past Due
6 7 2 — — 1 8 25 
60-89 Days Past Due
4 5 2 — — — 8 19 
90+ Days Past Due (b)
3 5 2 — — 1 6 17 
Total (c)
$5,545 $2,188 $500 $46 $6 $56 $2,587 $10,928 
Gross Write-Offs
$15 $77 $47 $13 $1 $— $88 $242 
(a)Revolving loans consist primarily of lines of credit offered to small business customers. Revolving loans include $5 million of term loans that were converted from revolving loans.
(b)Over 90 days past due includes $7 million as of both June 30, 2026 and December 31, 2025, of loans on which interest is still accruing. Our policy is generally to accrue interest through the date of write-off (typically 120 days past due) except for lines of credit offered to small business customers, where interest ceases to accrue at 90 days past due. We establish reserves for interest that we believe will not be collected.
(c)This total includes non-accrual loans of $18 million and $16 million as of June 30, 2026 and December 31, 2025, respectively. Non-accruals for consumer installment loans primarily include certain loans placed with outside collection agencies for which we have ceased accruing interest.
Credit Quality Indicators for Card Balances and Other Loans
The following table presents the key credit quality indicators as of or for the six months ended June 30, 2026 and 2025:
Table 2.4: Credit Quality Indicators for Card Balances and Other Loans
20262025
Net Write-Off RateNet Write-Off Rate
Principal
Only (a)
Principal,
Interest &
Fees (a)
30+ Days Past Due as a % of Total
Principal
Only (a)
Principal,
Interest &
Fees (a)
30+ Days Past Due as a % of Total
Card balances:
Consumer1.9 %2.3 %1.1 %2.0 %2.4 %1.2 %
Small Business2.3 %2.6 %1.3 %2.3 %2.6 %1.4 %
Corporate (b)0.6 %(c)(b)0.5 %(c)
Other loans2.1 %2.2 %0.5 %2.1 %2.2 %0.6 %
(a)We present a net write-off rate based on principal losses only (i.e., excluding interest and/or fees) to be consistent with industry convention. In addition, as our practice is to include uncollectible interest and/or fees as part of our total provision for credit losses, a net write-off rate including principal, interest and/or fees is also presented.
(b)Net write-off rate based on principal losses only is not available due to system constraints.
(c)For corporate Card balances, delinquency data is tracked based on days past billing status rather than days past due. Delinquency data for periods other than 90+ days past billing is not available due to system constraints. 90+ days past billing as a percent of total was 0.4 percent as of both June 30, 2026 and 2025.
Refer to Note 3 for additional indicators, including external qualitative factors, management considers in its evaluation process for reserves for credit losses.
Card Balances and Other Loans Restructurings for Borrowers Experiencing Financial Difficulty
We evaluate all Card balances and Other loans restructurings according to the accounting guidance for loan refinancing and restructuring to determine whether such loan modification should be accounted for as a new loan or a continuation of the existing loan. Our restructurings for borrowers experiencing financial difficulty are generally accounted for as a continuation of the existing loan, which reflects the ongoing effort to support our customers and recover our existing investments.
We offer several types of modification programs to customers experiencing financial difficulty, with the intention to minimize losses and improve collectability, while providing customers with temporary or permanent financial relief.
Such modifications primarily include (i) temporary interest rate reductions (reducing interest rates to as low as zero percent, in which case the balance is characterized as non-accrual), and/or (ii) placing the customer on a fixed payment plan not to exceed 60 months. Upon entering the modification program, the customer’s ability to make future purchases is limited, canceled or, in certain cases, suspended until the customer successfully exits from the modification program. As of June 30, 2026 and 2025, we had $40 million and $38 million, respectively, of unused credit available to customers with Card balances modified during each of the respective six month periods. In accordance with the modification agreement with the customer, Card balances and Other loans may revert to the original contractual terms (including the contractual interest rate where applicable) when the customer exits the modification program, which is either (i) when all payments have been made in accordance with the modification agreement or (ii) when the customer defaults out of the modification program.
The following tables provide information relating to Card balances and Other loans modifications for borrowers experiencing financial difficulty during the three and six months ended June 30, 2026 and 2025:
Table 2.5: Card Balances and Other Loans Modifications for Borrowers Experiencing Financial Difficulty
Three Months Ended June 30,
20262025
Account Balances
(Millions) (a)
% of Total Class of
Financing Receivables
Weighted Average Interest Rate Reduction
(% points)		Weighted Average Payment
Term Extensions
(# of months)
Account Balances
(Millions) (a)
% of Total Class of
Financing Receivables
Weighted Average Interest Rate Reduction
(% points)		Weighted Average Payment
Term Extensions
(# of months)
Interest Rate Reduction
Card balances
Consumer$545 0.5 %18.1 %(b)$520 0.5 %18.3 %(b)
Small Business229 0.6 %18.1 %(b)205 0.6 %17.7 %(b)
Corporate— — — (b)— — — (b)
Term Extension
Card balances
Consumer80 0.3 %(b)3069 0.3 %(b)31
Small Business106 0.5 %(b)30114 0.6 %(b)30
Corporate12 0.1 %(b)1012 0.1 %(b)10
Other loans12 0.1 %— 189 0.1 %— 17
Interest Rate Reduction
and Term Extension
Other loans21 0.2 %3.8 %2117 0.2 %3.3 %21
Total$1,005 $946 
Six Months Ended June 30,
20262025
Account Balances
(Millions) (a)
% of Total Class of
Financing Receivables
Weighted Average Interest Rate Reduction
(% points)		Weighted Average Payment
Term Extensions
(# of months)
Account Balances
(Millions) (a)
% of Total Class of
Financing Receivables
Weighted Average Interest Rate Reduction
(% points)		Weighted Average Payment
Term Extensions
(# of months)
Interest Rate Reduction
Card balances
Consumer$1,088 0.9 %18.1 %(b)$1,005 0.9 %18.3 %(b)
Small Business472 1.3 %18.1 %(b)409 1.2 %17.7 %(b)
Corporate— — — (b)— — — (b)
Term Extension
Card balances
Consumer135 0.5 %(b)31130 0.5 %(b)31
Small Business220 1.1 %(b)31225 1.2 %(b)30
Corporate18 0.1 %(b)1016 0.1 %(b)10
Other Loans23 0.2 %— 1820 0.2 %— 17
Interest Rate Reduction
and Term Extension
Other Loans41 0.4 %3.8 %2132 0.3 %3.2 %21
Total$1,998 $1,837 
(a)Represents the outstanding balances as of June 30, 2026 and 2025, respectively, of all modifications undertaken in the current and preceding three and six months for balances that remain in modification programs as of, or that defaulted on or before, June 30, 2026 and 2025, respectively. The outstanding balances include principal, fees, and, where applicable, accrued interest. Modifications did not reduce the principal balance.
(b)For qualifying Card Member accounts, we offer either interest rate reductions or payment term extensions.
The following tables provide information with respect to modified Card balances and Other loans that defaulted during the three and six months ended June 30, 2026 and 2025, and were modified in the twelve months prior to the payment default. A customer can miss up to three payments before being considered in default, depending on the terms of the modification program.
Table 2.6: Modified Card Balances and Other Loans that Defaulted within Twelve Months of Modification
Three Months Ended June 30,
20262025
Account Balance (Millions) (a)
Interest Rate Reduction
Term ExtensionInterest Rate Reduction and Term ExtensionTotal
Interest Rate Reduction
Term ExtensionInterest Rate Reduction and Term ExtensionTotal
Card balances
Consumer$42 $4 $— $46 $45 $5 $— $50 
Small Business22 9 — 31 21 9 — 30 
Corporate— 1 — 1 — 1 — 1 
Other loans— — 2 2 — — 2 2 
Total$64 $14 $2 $80 $66 $15 $2 $83 
Six Months Ended June 30,
20262025
Account Balance (Millions) (a)
Interest Rate Reduction
Term ExtensionInterest Rate Reduction and Term ExtensionTotal
Interest Rate Reduction
Term ExtensionInterest Rate Reduction and Term ExtensionTotal
Card balances
Consumer$58 $5 $— $63 $62 $6 $— $68 
Small Business30 12 — 42 29 14 — 43 
Corporate— 1 — 1 — 1 — 1 
Other Loans— — 2 2 — — 2 2 
Total$89 $18 $2 $109 $91 $21 $2 $114 
(a)Represents the outstanding balances as of June 30, 2026 and 2025, respectively, of all modifications that defaulted in the periods presented and were modified in the twelve months prior to payment default. The outstanding balances include principal, fees and, where applicable, accrued interest.
The following tables provide information relating to the performance of Card balances and Other loans that were modified during the prior twelve months and that remain in modification programs as of, or that defaulted on or before, June 30, 2026 and 2025:
Table 2.7: Performance of Modified Card Balances and Other Loans
As of June 30, 2026
Account Balances (Millions) (a)
Current
30-89 Days Past Due
90+ Days Past Due
Card balances
Consumer$1,971 $111 $47 
Small Business1,023 83 32 
Corporate17 3 1 
Other loans95 5 2 
Total$3,105 $201 $82 
As of June 30, 2025
Account Balances (Millions) (a)
Current
30-89 Days Past Due
90+ Days Past Due
Card balances
Consumer$1,810 $113 $45 
Small Business939 84 32 
Corporate12 3 3 
Other loans78 5 2 
Total$2,839 $205 $82 
(a)The outstanding balances include principal, fees and where applicable, accrued interest
v3.26.1
Reserves for Credit Losses
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Reserves for Credit Losses Reserves for Credit Losses
Reserves for credit losses represent our best estimate of the expected credit losses in our outstanding portfolios of Card balances as of the balance sheet date. The Current Expected Credit Loss (CECL) methodology requires us to estimate lifetime expected credit losses by incorporating historical loss experience, as well as current and future economic conditions over a reasonable and supportable period (R&S Period), which is approximately three years, beyond the balance sheet date. We make various judgments combined with historical loss experience to determine a reserve rate that is applied to the outstanding balance to produce a reserve for expected credit losses.
We use a combination of statistically-based models that incorporate current and future economic conditions throughout the R&S Period. The process of estimating expected credit losses is based on several key models: Probability of Default (PD), Exposure at Default (EAD) and future recoveries for each month of the R&S Period. Beyond the R&S Period, we estimate expected credit losses by immediately reverting to long-term average loss rates.
•PD models are used to estimate the likelihood an account will be written-off.
•EAD models are used to estimate the balance of an account at the time of write-off. This includes balances less expected repayments based on historical payment and revolve behavior, which vary by customer. Due to the nature of revolving loan portfolios, the EAD models are complex and involve assumptions regarding the relationship between future spend and payment behaviors.
•Recovery models are used to estimate amounts that are expected to be received from Card Members after default occurs, typically as a result of collection efforts. Future recoveries are estimated taking into consideration the time of default, time elapsed since default and macroeconomic conditions.
We also estimate the likelihood and magnitude of recovery of previously written off accounts considering how long ago the account was written off and future economic conditions, even if such expected recoveries exceed expected losses. Our models are developed using historical loss experience covering the economic cycle and consider the impact of account characteristics on expected losses. This history includes the performance of modifications for borrowers experiencing financial difficulty, including their subsequent defaults.
Future economic conditions that are incorporated over the R&S Period include multiple macroeconomic scenarios provided to us by an independent third party. Management reviews these economic scenarios each period and assigns probability weights to each scenario, generally with a consistent initial distribution. At times, due to macroeconomic uncertainty and volatility, management may apply judgment and assign different probability weights to scenarios. These macroeconomic scenarios contain certain variables, including unemployment rates and real gross domestic product (GDP), that are significant to our models.
We also evaluate whether to include qualitative reserves to cover losses that are expected but, in our assessment, may not be adequately represented in the quantitative methods or the economic assumptions. We consider whether to adjust the quantitative reserves (higher or lower) to address possible limitations within the models or factors not included within the models, such as external conditions, emerging portfolio trends, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due accounts, or management risk actions.
Lifetime losses for most of our balances are evaluated at an appropriate level of granularity, including assessment on a pooled basis where financial assets share similar risk characteristics, such as past spend and remittance behaviors, credit bureau scores where available, delinquency status, tenure of balance outstanding, amongst others. Credit losses on accrued interest are measured and presented as part of Reserves for credit losses on the Consolidated Balance Sheets and within the Provisions for credit losses in the Consolidated Statements of Income, rather than reversing interest income.
For Other loans, we use vintage-based historical performance to estimate expected credit losses over the life of the loan, net of recovery estimates. We also assess the need to establish a reserve for expected credit losses as it relates to our card network business, taking into account our historical loss experience and any collateral or other forms of credit enhancements from network participants. If our expected credit losses exceed our outstanding receivables from network participants, a portion of the reserve for credit losses is recorded within Other liabilities on our Consolidated Balance Sheets.
Card balances and Other loans are written off when we consider amounts to be uncollectible, which is generally determined by the number of days past due and is typically no later than 180 days past due for Card balances and 120 days past due for Other loans. Balances in bankruptcy or owed by deceased individuals are generally written off upon notification.
The following table reflects the range of macroeconomic scenario key variables available to us as of June 30, 2026 and December 31, 2025, respectively, which were used, in conjunction with other inputs, to calculate reserves for credit losses:
Table 3.1: Key Macroeconomic Variables
U.S. Unemployment Rate
U.S. GDP Growth (Contraction) (a)
June 30, 2026December 31, 2025June 30, 2026December 31, 2025
Second quarter of 2026
4% - 6%
4% - 7%
5% - (3)%
3% - (3)%
Fourth quarter of 2026
4% - 8%
4% - 8%
3% - (4)%
3% - 0.5%
Fourth quarter of 2027
4% - 8%
4% - 8%
3% - 2%
2%
Fourth quarter of 2028
4% - 7%
4% - 6%
3% - 2%
4% - 2%
(a)Real GDP quarter over quarter percentage change seasonally adjusted to annualized rates.
Changes in Card Balances Reserve for Credit Losses
Card balances reserve for credit losses decreased for both the three and six months ended June 30, 2026, primarily driven by lower delinquencies, partially offset by sequential increases in Card balances.
Card balances reserve for credit losses increased for both the three and six months ended June 30, 2025, primarily driven by sequential increases in Card balances and reflected the macroeconomic outlook, partially offset by the release of a reserve upon the reclassification of a small business cobrand portfolio to Card balances held for sale (HFS).
The following table presents changes in the Card balances reserve for credit losses for the three and six months ended June 30, 2026 and 2025:
Table 3.2: Changes in Card Balances Reserve for Credit Losses
Three Months Ended June 30,Six Months Ended June 30,
(Millions)2026202520262025
Beginning reserves
$6,065 $5,740 $6,089 $5,850 
Provisions (a)
1,017 1,320 2,204 2,367 
Net write-offs (b)
(1,207)(1,122)(2,420)(2,287)
Other (c)
(9)22 (8)30 
Ending reserves
$5,866 $5,960 $5,866 $5,960 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Net write-offs are presented less recoveries of $416 million and $316 million for the three months ended June 30, 2026 and 2025, respectively, and $768 million and $609 million for the six months ended June 30, 2026 and 2025, respectively.
(c)Primarily includes foreign currency translation adjustments.
Changes in Other Loans Reserve for Credit Losses
Other loans reserve for credit losses was relatively flat for both the three and six months ended June 30, 2026.
Other loans reserve for credit losses increased for both the three and six months ended June 30, 2025, primarily driven by sequential increases in Other loans.
The following table presents changes in the Other loans reserve for credit losses for the three and six months ended June 30, 2026 and 2025:
Table 3.3: Changes in Other Loans Reserve for Credit Losses
Three Months Ended June 30,Six Months Ended June 30,
(Millions)2026202520262025
Beginning reserves
$314 $244 $323 $194 
Provisions (a)
62 78 111 183 
Net write-offs (b)
Principal
(61)(48)(115)(101)
Interest and fees
(3)(3)(6)(5)
Other
— 1 — 1 
Ending reserves
$312 $272 $312 $272 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Principal write-offs are presented less recoveries of $11 million and $8 million for the three months ended June 30, 2026 and 2025, respectively, and $20 million and $15 million for the six months ended June 30, 2026 and 2025, respectively. Recoveries of interest and fees were not significant.
v3.26.1
Investment Securities
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Investment Securities Investment Securities
Investment securities principally include available-for-sale (AFS) debt securities carried at fair value on the Consolidated Balance Sheets. Unrealized losses attributable to credit deterioration are recorded in the Consolidated Statements of Income in Other loans Provision for credit losses. Unrealized gains and any portion of a security’s unrealized loss attributable to non-credit losses are recorded in the Consolidated Statements of Comprehensive Income, net of tax. We had accrued interest on our AFS debt securities totaling $27 million and $3 million as of June 30, 2026 and December 31, 2025, respectively, presented as Other assets on the Consolidated Balance Sheets.
Investment securities also include equity securities carried at fair value on the Consolidated Balance Sheets with unrealized gains and losses recorded in the Consolidated Statements of Income as Other, net expense.
Realized gains and losses are recognized upon disposition of the securities using the specific identification method and recorded in the Consolidated Statements of Income as Other, net expense.
The following is a summary of investment securities as of June 30, 2026 and December 31, 2025:
Table 4.1: Investment Securities
20262025
Description of Securities
(Millions)
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value		CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
Available-for-sale debt securities:
State and municipal obligations$53 $1 $(7)$47 $54 $1 $(7)$48 
U.S. Government agency obligations3 — — 3 3 — — 3 
U.S. Government treasury obligations
3,120 — (21)3,099 138 1 — 138 
Mortgage-backed securities (a)
9 — — 9 10 — — 9 
Foreign government bonds and obligations790 1 — 791 717 — — 717 
Other (b)
81 — — 81 81 — — 81 
Equity securities (c)
53 — (9)45 54 — (8)46 
Total$4,110 $2 $(38)$4,073 $1,056 $2 $(16)$1,043 
(a)Represents mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.
(b)Represents investments in debt securities issued by Community Development Financial Institutions.
(c)Equity securities comprise investments in common stock and mutual funds.
The following table provides information about our AFS debt securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2026 and December 31, 2025:
Table 4.2: AFS Debt Securities with Gross Unrealized Losses by Duration
20262025
Less than 12 months12 months or moreLess than 12 months12 months or more
Description of Securities (Millions)
Estimated Fair ValueGross
Unrealized
Losses		Estimated Fair ValueGross
Unrealized
Losses		Estimated Fair ValueGross
Unrealized
Losses		Estimated Fair ValueGross
Unrealized
Losses
State and municipal obligations$— $— $25 $(7)$— $— $26 $(7)
U.S. Government treasury obligations2,533 (21)— — — — — — 
Total$2,533 $(21)$25 $(7)$— $— $26 $(7)
The gross unrealized losses on our AFS debt securities are primarily attributable to an increase in the current benchmark interest rate. Overall, for the AFS debt securities in gross unrealized loss positions, (i) we do not intend to sell the securities, (ii) it is more likely than not that we will not be required to sell the securities before recovery of the unrealized losses, and (iii) we expect that the contractual principal and interest will be received on the securities. We concluded that there was no credit loss attributable to the securities in an unrealized loss position for the periods presented.
Contractual maturities for AFS debt securities with stated maturities as of June 30, 2026 were as follows:    
Table 4.3: Contractual Maturities of AFS Debt Securities
(Millions)CostEstimated Fair Value
Due in 1 year or less
$874 $874 
Due after 1 year through 5 years
3,133 3,113 
Due after 5 years through 10 years
7 7 
Due after 10 years
43 35 
Total$4,056 $4,029 
The expected payments on state and municipal obligations, U.S. Government agency obligations and mortgage-backed securities may not coincide with their contractual maturities because the issuers have the right to call or prepay certain obligations.
v3.26.1
Asset Securitizations
 6 Months Ended
Jun. 30, 2026
Asset Securitizations [Abstract]  
Asset Securitizations Asset Securitizations
We periodically securitize Card balances arising from our card businesses through the transfer of those assets to securitization trusts, American Express Credit Account Master Trust (the Lending Trust) and American Express Issuance Trust II (the Charge Trust and together with the Lending Trust, the Trusts). The Trusts then issue debt securities collateralized by the transferred assets to third-party investors.
The Trusts are considered VIEs as they have insufficient equity at risk to finance their activities, which are to issue debt securities that are collateralized by the underlying Card balances. We perform the servicing and key decision making for the Trusts, and therefore have the power to direct the activities that most significantly impact the Trusts’ economic performance, which are the collection of the underlying Card balances. In addition, we hold all of the variable interests in both Trusts, with the exception of the debt securities issued to third-party investors. Our ownership of variable interests in the Lending Trust was $14.9 billion as of both June 30, 2026 and December 31, 2025, and in the Charge Trust was $5.8 billion and $5.7 billion as of June 30, 2026 and December 31, 2025, respectively. These variable interests held by us provide us with the right to receive benefits and the obligation to absorb losses, which could be significant to both the Lending Trust and the Charge Trust. Based on these considerations, we are the primary beneficiary of the Trusts and therefore consolidate the Trusts.
Restricted cash and cash equivalents held by the Lending Trust was $78 million and $84 million as of June 30, 2026 and December 31, 2025, respectively, and by the Charge Trust was nil as of both June 30, 2026 and December 31, 2025. These amounts relate to collections of Card balances to be used by the Trusts to fund future expenses and obligations, including interest on debt securities, credit losses and upcoming debt maturities.
Under the respective terms of the Lending Trust and the Charge Trust agreements, the occurrence of certain triggering events associated with the performance of the assets of each Trust could result in payment of trust expenses, establishment of reserve funds, or, in a worst-case scenario, early amortization of debt securities. During the six months ended June 30, 2026 and the year ended December 31, 2025, no such triggering events occurred.
v3.26.1
Customer Deposits
 6 Months Ended
Jun. 30, 2026
Deposits [Abstract]  
Customer Deposits Customer Deposits
As of June 30, 2026 and December 31, 2025, customer deposits were categorized as interest-bearing or non-interest-bearing as follows:
Table 6.1: Interest-bearing and Non-Interest-bearing Customer Deposits
(Millions)20262025
U.S.:
Interest-bearing$155,845 $151,425 
Non-interest-bearing (includes Card Member credit balances of: 2026, $507; 2025, $556)
549 606 
Non-U.S.:
Interest-bearing18 18 
Non-interest-bearing (includes Card Member credit balances of: 2026, $558; 2025, $436)
560 439 
Total customer deposits$156,973 $152,488 
Customer deposits by deposit type as of June 30, 2026 and December 31, 2025 were as follows:
Table 6.2: Customer Deposits by Type
(Millions)20262025
U.S. interest-bearing deposits:
Savings accounts
$120,356 $116,867 
Checking accounts
3,498 2,965 
Certificates of deposit:
Direct8,411 5,979 
Third-party (brokered)9,287 9,919 
Sweep accounts – Third-party (brokered)14,293 15,696 
Total U.S. interest-bearing deposits
$155,845 $151,425 
Other deposits64 71 
Card Member credit balances1,064 992 
Total customer deposits$156,973 $152,488 
The scheduled maturities of certificates of deposit as of June 30, 2026 were as follows:
Table 6.3: Scheduled Maturities of Certificates of Deposit
(Millions)20262027202820292030ThereafterTotal
Certificates of deposit (a)
$3,683 $8,577 $2,891 $672 $1,880 $8 $17,711 
(a)Includes $12 million of non-U.S. direct certificates of deposit as of June 30, 2026.
As of June 30, 2026 and December 31, 2025, certificates of deposit in denominations that met or exceeded the insured limit were $2.8 billion and $2.0 billion, respectively.
v3.26.1
Contingencies
 6 Months Ended
Jun. 30, 2026
Commitments and Contingencies Disclosure [Abstract]  
Contingencies Contingencies
In the ordinary course of business, we and our subsidiaries are subject to various pending and potential legal actions, arbitration proceedings, claims, investigations, examinations, regulatory proceedings, information gathering requests, subpoenas, inquiries and matters relating to compliance with laws and regulations (collectively, legal proceedings).
Based on our current knowledge, and taking into consideration our litigation-related liabilities, we do not believe we are a party to, nor are any of our properties the subject of, any legal proceeding that would have a material adverse effect on our consolidated financial condition or liquidity. However, in light of the uncertainties involved in such matters, including the fact that some pending legal proceedings are at preliminary stages or seek an indeterminate amount of damages, penalties or fines, it is possible that the outcome of legal proceedings could have a material impact on our results of operations. Certain legal proceedings involving us or our subsidiaries are described below.
On September 30, 2024, we were named as a defendant in a case filed in the United States District Court for the District of Massachusetts, captioned Pizza Hazel, Inc., et al. v. American Express Co., et al., in which plaintiffs allege that the anti-steering and non-discrimination provisions in our merchant agreements violate federal antitrust law and that the arbitration provision in our merchant agreements violates federal antitrust law to the extent it prevents antitrust challenges to our anti-steering and non-discrimination provisions. Plaintiffs seek, on behalf of themselves and a class of merchants that accept through the OptBlue Program, unspecified damages and an injunction prohibiting us from enforcing our anti-steering and non-discrimination provisions and prohibiting us from enforcing our arbitration provision to the extent the arbitration provision prevents antitrust challenges to our anti-steering and non-discrimination provisions. The court rejected our motion to compel the case to arbitration; we have appealed the decision to the Court of Appeals for the First Circuit.
On March 21, 2024, we were named as a defendant in a case filed in the United States District Court for the District of Rhode Island, captioned 5-Star General Store aka Bento LLC, et al. v. American Express Co., et al., in which plaintiffs allege that the anti-steering and non-discrimination provisions in our merchant agreements violate federal antitrust law and seek, on behalf of themselves and a class of merchants, an injunction prohibiting us from enforcing our anti-steering and non-discrimination provisions and a declaration that we have violated antitrust laws. The court rejected our motion to compel the case to arbitration; we have appealed the decision to the Court of Appeals for the First Circuit.
On January 29, 2019, we were named in a putative class action brought in the United States District Court for the Eastern District of New York, captioned David Moskowitz, et al. (formerly Oliver) v. American Express Company and American Express Travel Related Services Company Inc., in which the plaintiffs are holders of MasterCard, Visa and/or Discover credit and/or debit cards (but not American Express cards) and allege they paid higher prices as a result of the anti-steering and non-discrimination provisions in our merchant agreements in violation of federal antitrust law and the antitrust and consumer laws of various states. Plaintiffs seek unspecified damages and other forms of relief. The court dismissed plaintiffs’ federal antitrust claim, numerous state antitrust and consumer protection claims and their unjust enrichment claim. For the remaining state antitrust or consumer protection claims, the court certified classes for (i) holders of Visa and MasterCard debit cards in eight states and Washington, D.C.; and (ii) holders of Visa, MasterCard and Discover credit cards that do not offer rewards or charge an annual fee in two states and Washington, D.C. After trial in August 2025, the jury returned a verdict finding in favor of us on all claims except an Illinois consumer law claim for the class of non-rewards credit card holders in Illinois for which the jury awarded $12.5 million in damages. We reached an agreement with the class representatives to settle all claims in this action, which was approved by the court on July 7, 2026.
On March 8, 2016, plaintiffs B&R Supermarket, Inc. d/b/a Milam’s Market and Grove Liquors LLC, on behalf of themselves and others, filed a suit, captioned B&R Supermarket, Inc. d/b/a Milam’s Market, et al. v. Visa Inc., et al., for violations of the Sherman Antitrust Act, the Clayton Antitrust Act, California’s Cartwright Act and unjust enrichment in the United States District Court for the Northern District of California, against American Express Company, other credit and charge card networks, other issuing banks and EMVCo, LLC. Plaintiffs allege that the defendants, through EMVCo, conspired to shift liability for fraudulent, faulty and otherwise rejected consumer credit card transactions from themselves to merchants after the implementation of EMV chip payment terminals. Plaintiffs seek damages and injunctive relief. On May 4, 2017, the California court transferred the case to the United States District Court for the Eastern District of New York. On August 28, 2020, the court granted plaintiffs’ motion for class certification. On August 14, 2024, the court granted our motion to compel arbitration as to class members who are subject to our merchant agreements, but did not stay the claims pending arbitration. On November 15, 2024, we appealed to the Court of Appeals for the Second Circuit requesting a stay of all claims against us that are subject to arbitration. On March 31, 2025, we reached an agreement with the class representatives to settle this action, which was approved by the court on April 27, 2026.
On October 16, 2025, KServicing Wind Down Corp., the post-bankruptcy wind-down estate of Kabbage, Inc. (Kabbage), filed an action against American Express Kabbage Inc. and American Express Travel Related Services Company, Inc., captioned KServicing Wind Down Corp, et al. v. American Express Kabbage Inc. (f/k/a Alpha Kabbage, Inc.) and American Express Travel Related Services Company, Inc., in the United States Bankruptcy Court for the District of Delaware, seeking to recover up to approximately $746 million. The complaint alleges that our acquisition of Kabbage’s lending platform and other specified assets and liabilities included a fraudulent transfer that left Kabbage insolvent due to Kabbage’s liabilities, including those owed to the Department of Justice and Small Business Administration arising from Kabbage’s participation in the Paycheck Protection Program. The complaint seeks to avoid the alleged fraudulent transfer and recover the value of that transfer from us. A separate complaint seeking to recover some or all of the same amount was also filed on October 16, 2025 against certain of Kabbage’s former directors, officers and shareholders, who have taken the position that we must indemnify them for any resulting liability (which we dispute).
On May 15, 2026, a putative class action, captioned Rivetti v. American Express Company, et al., was filed in the United States District Court for the Southern District of New York against us and certain fiduciaries of American Express Retirement Savings Plan (Plan) alleging violations of the Employee Retirement Income Security Act of 1974 (ERISA). The complaint alleges that the defendants violated certain ERISA obligations by: allowing the investment of Plan assets in certain funds that underperformed benchmarks and comparator funds; selecting and retaining an investment manager that also had business relationships with us; and breaching certain fiduciary obligations. The suit seeks, among other remedies, an unspecified amount of damages. We intend to vigorously defend against these claims.
We are being challenged in a number of countries regarding our application of value-added taxes (VAT) to certain of our international transactions, which are in various stages of audit, or are being contested in legal actions. While we believe we have complied with all applicable tax laws, rules and regulations in the relevant jurisdictions, the tax authorities may determine that we owe additional VAT. In certain jurisdictions where we are contesting the assessments, we were required to pay the VAT assessments prior to contesting.
We have been engaging with regulators in relation to certain aspects of our anti-money laundering programs and as a result, we expect to be subject to enforcement action, which could include civil money penalties and lead to further regulatory inquiries. We are cooperating with ongoing reviews and have continued to make enhancements to our existing programs, policies and procedures and to identify and remediate deficiencies.
Our legal proceedings range from cases brought by a single plaintiff to class actions with millions of putative class members to governmental proceedings. These legal proceedings involve various lines of business and a variety of claims (including, but not limited to, common law tort, contract, application of tax laws, antitrust and consumer protection claims), some of which present novel factual allegations and/or unique legal theories. While some matters pending against us specify the damages sought, many seek an unspecified amount of damages or are at very early stages of the legal process. Even when the amount of damages claimed against us are stated, the claimed amount may be exaggerated and/or unsupported. As a result, some matters have not yet progressed sufficiently through discovery and/or development of important factual information and legal issues to enable us to estimate an amount of loss or a range of possible loss, while other matters have progressed sufficiently such that we are able to estimate an amount of loss or a range of possible loss.
We have accrued for certain of our outstanding legal proceedings. An accrual is recorded when it is both (a) probable that a loss has occurred and (b) the amount of loss can be reasonably estimated. There may be instances in which an exposure to loss exceeds the accrual. We evaluate, on a quarterly basis, developments in legal proceedings that could cause an increase or decrease in the amount of the accrual that has been previously recorded, or a revision to the disclosed estimated range of possible losses, as applicable.
For those disclosed legal proceedings where a loss is reasonably possible in future periods, whether in excess of a recorded accrual for legal or tax contingencies, or where there is no such accrual, and for which we are able to estimate a range of possible loss, the current estimated range is zero to $260 million in excess of any accruals related to those matters. This range represents management’s estimate based on currently available information and does not represent our maximum loss exposure; actual results may vary significantly. As such legal proceedings evolve, we may need to increase our range of possible loss or recorded accruals. In addition, it is possible that significantly increased merchant steering or other actions impairing the Card Member experience as a result of an adverse resolution in one or any combination of the disclosed merchant cases could have a material adverse effect on our business and results of operations.
v3.26.1
Derivatives and Hedging Activities
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Activities Derivatives and Hedging Activities
We use derivative financial instruments to manage exposures to various market risks. These instruments derive their value from an underlying variable or multiple variables, including interest rates and foreign exchange rates, and are carried at fair value on the Consolidated Balance Sheets. These instruments enable end users to increase, reduce or alter exposure to various market risks and, for that reason, are an integral component of our market risk management. We do not transact in derivatives for trading purposes.
A majority of our derivative assets and liabilities as of June 30, 2026 and December 31, 2025 are subject to master netting agreements with our derivative counterparties. Accordingly, where appropriate, we have elected to present derivative assets and liabilities with the same counterparty on a net basis in the Consolidated Balance Sheets.
In relation to our credit risk, certain of our bilateral derivative agreements include provisions that allow our counterparties to terminate the relevant agreement in the event of a downgrade of our debt credit rating below investment grade and settle the outstanding net liability position. As of June 30, 2026, these derivatives were not in a material net liability position. Based on our assessment of the credit risk of our derivative counterparties and our own credit risk as of June 30, 2026 and December 31, 2025, no credit risk adjustment to the derivative portfolio was required.
The following table summarizes the total fair value, excluding interest accruals, of derivative assets and liabilities as of June 30, 2026 and December 31, 2025:
Table 8.1: Fair Value of Derivative Assets and Liabilities
Other Assets Fair ValueOther Liabilities Fair Value
(Millions)2026202520262025
Derivatives designated as hedging instruments:
Fair value hedges - Interest rate contracts (a)
$— $— $— $4 
Net investment hedges - Foreign exchange contracts287 26 52 699 
Total derivatives designated as hedging instruments287 26 52 702 
Derivatives not designated as hedging instruments:
Foreign exchange contracts and other
545 148 120 418 
Total derivatives, gross832 174 172 1,120 
Derivative asset and derivative liability netting (b)
(130)(151)(130)(151)
Cash collateral netting (c)
(28)(1)— (9)
Total derivatives, net$674 $22 $43 $961 
(a)For our centrally cleared derivatives, variation margin payments are legally characterized as settlement payments as opposed to collateral.
(b)Represents the amount of netting of derivative assets and derivative liabilities executed with the same counterparty under an enforceable master netting arrangement.
(c)Represents the offsetting of the fair value of bilateral interest rate contracts and certain foreign exchange contracts with the right to cash collateral held from the counterparty or cash collateral posted with the counterparty.
We posted $753 million and $756 million as of June 30, 2026 and December 31, 2025, respectively, as initial margin on our centrally cleared interest rate swaps; such amounts are recorded within Other assets on the Consolidated Balance Sheets and are not netted against the derivative balances.
Fair Value Hedges
We are exposed to interest rate risk associated with our fixed-rate debt obligations. At the time of issuance, certain fixed-rate long-term debt obligations are designated in fair value hedging relationships, using interest rate swaps, to economically convert the fixed interest rate to a floating interest rate. We had $39.2 billion and $36.7 billion of fixed-rate debt obligations designated in fair value hedging relationships as of June 30, 2026 and December 31, 2025, respectively.
The following table presents the gains and losses recognized in Interest expense on the Consolidated Statements of Income associated with the fair value hedges of our fixed-rate long-term debt for the three and six months ended June 30, 2026 and 2025:
Table 8.2: Gains and Losses associated with Fair Value Hedges on Fixed-rate Long Term Debt
Gains (losses)
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Fixed-rate long-term debt $370 $(137)$592 $(400)
Derivatives designated as hedging instruments(370)137 (592)400 
Total$— $— $— $— 
The carrying values of the hedged liabilities, recorded within Long-term debt on the Consolidated Balance Sheets, were $38.8 billion and $37.0 billion as of June 30, 2026 and December 31, 2025, respectively, including the cumulative fair value hedging adjustments of gains of $226 million and losses of $366 million for the respective periods.
We recognized in Interest expense on Long-term debt a decrease of $15 million and an increase of $29 million for the three months ended June 30, 2026 and 2025, respectively, and a decrease of $31 million and an increase of $41 million for the six months ended June 30, 2026 and 2025, respectively, primarily related to the net settlements including interest accruals on our interest rate derivatives designated as fair value hedges.
Net Investment Hedges
A net investment hedge is used to hedge future changes in currency exposure of a net investment in a foreign operation. We primarily designate foreign currency derivatives (typically foreign exchange forwards) and, in certain cases, foreign currency-denominated debt, as hedging instruments to reduce our exposure to changes in currency exchange rates on net investments in foreign subsidiaries with non-U.S. dollar functional currency.
We had notional amounts of approximately $17.6 billion and $16.3 billion designated as net investment hedges as of June 30, 2026 and December 31, 2025, respectively. The gain or loss on these net investment hedges, net of taxes, recorded in Accumulated other comprehensive income (loss) (AOCI) as part of the cumulative translation adjustment, was a gain of $47 million and a loss of $551 million for the three months ended June 30, 2026 and 2025, respectively, and a gain of $52 million and a loss of $749 million for the six months ended June 30, 2026 and 2025, respectively. Net investment hedge reclassifications out of AOCI into the Consolidated Statements of Income were not significant for any of the three and six months ended June 30, 2026 and 2025.
Derivatives Not Designated as Hedges
The changes in the fair value of derivatives that are not designated as hedges are primarily intended to offset the related foreign exchange gains or losses of the underlying foreign currency exposures. We had notional amounts of approximately $35.2 billion and $39.0 billion as of June 30, 2026 and December 31, 2025, respectively. The changes in the fair value of the derivatives and the related underlying foreign currency exposures resulted in net gains of $26 million and $4 million for the three months ended June 30, 2026 and 2025, respectively, and net gains of $42 million and $19 million for the six months ended June 30, 2026 and 2025, respectively, that are recognized in Other, net expenses in the Consolidated Statements of Income.
Our embedded derivative related to seller earnout shares granted to us upon the completion of a business combination in the second quarter of 2022 between our equity method investee, American Express Global Business Travel, and Apollo Strategic Growth Capital (C Ordinary Shares of GBT JerseyCo Limited) had a notional amount of $78 million as of both June 30, 2026 and December 31, 2025. The changes in the fair value of the embedded derivative resulted in losses of $1 million and $7 million for the three months ended June 30, 2026 and 2025, respectively, and losses of $10 million and $24 million for the six months ended June 30, 2026 and 2025, respectively, which were recognized in Service fees and other revenue in the Consolidated Statements of Income.
v3.26.1
Fair Values
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Values Fair Values
Financial Assets and Financial Liabilities Carried at Fair Value
The following table summarizes our financial assets and financial liabilities measured at fair value on a recurring basis, categorized by GAAP’s fair value hierarchy, as of June 30, 2026 and December 31, 2025:
Table 9.1: Financial Assets and Financial Liabilities measured at Fair Value
20262025
(Millions)TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets:
Investment securities: (a)
Equity securities$45 $45 $— $— $46 $46 $— $— 
Debt securities
4,029 — 3,948 81 997 — 916 81 
Derivatives, gross (a)(b)
832 — 832 — 174 — 164 10 
Total Assets4,905 45 4,780 81 1,216 46 1,080 91 
Liabilities:
Derivatives, gross (a)
172 — 172 — 1,120 — 1,120 — 
Total Liabilities$172 $— $172 $— $1,120 $— $1,120 $— 
(a)Refer to Note 4 for the fair values of investment securities and to Note 8 for the fair values of derivative assets and liabilities on a further disaggregated basis.
(b)Level 3 fair value reflects an embedded derivative. Management reviews and applies judgment to the valuation of the embedded derivative that is performed by an independent third party using a Monte Carlo simulation that models a range of probable future stock prices based on implied volatility in a risk neutral framework. Refer to Note 8 for additional information about this embedded derivative.
Financial Assets and Financial Liabilities Carried at Other Than Fair Value
The following tables summarize the estimated fair values of our financial assets and financial liabilities that are measured at amortized cost, and not required to be carried at fair value on a recurring basis, as of June 30, 2026 and December 31, 2025. The fair values of these financial instruments are estimates based upon the market conditions and perceived risks as of June 30, 2026 and December 31, 2025, and require management’s judgment. These figures may not be indicative of future fair values, nor can the fair value of American Express be estimated by aggregating the amounts presented.
Table 9.2: Fair Value of Financial Assets and Financial Liabilities measured at Amortized Cost
Carrying
Value		Corresponding Fair Value Amount
2026 (Billions)TotalLevel 1Level 2Level 3
Financial Assets:
Financial assets for which carrying values equal or approximate fair value
Cash and cash equivalents (a)
$45 $45 $44 $1 $— 
Other financial assets (b)
4 4 — 4 — 
Financial assets carried at other than fair value
Card balances and Other loans, less reserves (c)
223 228 — — 228 
Card balances HFS2 2 — — 2 
Financial Liabilities:
Financial liabilities for which carrying values equal or approximate fair value170 170 — 170 — 
Financial liabilities carried at other than fair value
Certificates of deposit (d)
18 18 — 18 — 
Long-term debt (c)
$57 $58 $— $58 $— 
Carrying
Value		Corresponding Fair Value Amount
2025 (Billions)TotalLevel 1Level 2Level 3
Financial Assets:
Financial assets for which carrying values equal or approximate fair value
Cash and cash equivalents (a)
$48 $48 $46 $2 $— 
Other financial assets (b)
4 4 — 4 — 
Financial assets carried at other than fair value
Card balances and Other loans, less reserves (c)
218 224 — — 224 
Card balances HFS2 2 — — 2 
Financial Liabilities:
Financial liabilities for which carrying values equal or approximate fair value166 166 — 166 — 
Financial liabilities carried at other than fair value
Certificates of deposit (d)
16 16 — 16 — 
Long-term debt (c)
$56 $57 $— $57 $— 
(a)Level 2 fair value amounts reflect time deposits and short-term investments.
(b)Includes other receivables and other miscellaneous assets.
(c)Includes amounts held by consolidated VIEs for which the fair values of Card balances were $32.0 billion and $33.2 billion as of June 30, 2026 and December 31, 2025, respectively, and the fair values of Long-term debt were $11.9 billion and $13.3 billion as of June 30, 2026 and December 31, 2025, respectively.
(d)Presented as a component of Customer deposits on the Consolidated Balance Sheets.
Nonrecurring Fair Value Measurements
We have certain assets that are subject to measurement at fair value on a nonrecurring basis. Equity investments without readily determinable fair values, which include investments in our Amex Ventures portfolio, are measured at fair value in periods subsequent to their initial recognition if they are determined to be impaired or where there is an observable price change for an identical or similar investment of the same issuer.
We generally estimate the fair value of these investments based on the observed transaction price. In addition, impairments on such investments are recorded to account for the difference between the estimated fair value and carrying value of an investment based on a qualitative assessment of impairment indicators such as business performance, general market conditions and the economic and regulatory environment. When an impairment triggering event occurs, the fair value measurement is generally derived by taking into account all available information, such as share prices of publicly traded peer companies, internal valuations performed by our investees, and other third-party fair value data. The fair value of these investments represents a Level 3 fair value measurement.
The carrying value of equity investments without readily determinable fair values totaled $1.4 billion and $1.1 billion as of June 30, 2026 and December 31, 2025, respectively, of which investments subject to nonrecurring Level 3 fair value measurement during the six months ended June 30, 2026 and the year ended December 31, 2025 totaled $0.8 billion and $0.5 billion, respectively. These amounts are included within Other assets on the Consolidated Balance Sheets.
We recorded unrealized gains of $278 million and $91 million for the three months ended June 30, 2026 and 2025, respectively, and $300 million and $91 million for the six months ended June 30, 2026 and 2025, respectively. Unrealized losses were $3 million and nil for the three months ended June 30, 2026 and 2025, respectively, and $13 million and $38 million for the six months ended June 30, 2026 and 2025, respectively. Unrealized gains and losses are recorded in Other, net on the Consolidated Statements of Income. Since the adoption of new accounting guidance on the recognition and measurement of financial assets and financial liabilities on January 1, 2018, cumulative unrealized gains and losses for equity investments without readily determinable fair values totaled $1.5 billion and $0.5 billion as of June 30, 2026, respectively.
In addition, we also have certain equity investments measured at fair value using the net asset value practical expedient. Such investments were immaterial as of both June 30, 2026 and December 31, 2025.
v3.26.1
Changes in Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2026
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Changes in Accumulated Other Comprehensive Income (Loss) Changes In Accumulated Other Comprehensive Income (Loss)
AOCI is comprised of items that have not been recognized in earnings but may be recognized in earnings in the future when certain events occur. Changes in each component for the three and six months ended June 30, 2026 and 2025 were as follows:
Table 10.1: Changes in Accumulated Other Comprehensive Income (Loss)
(Millions), net of tax
Three Months Ended,
June 30, 2026Net ChangeMarch 31, 2026June 30, 2025Net ChangeMarch 31, 2025
Net unrealized gains (losses) on debt securities$(22)$(11)$(11)$(6)$— $(6)
Foreign currency translation adjustment gains (losses), net of hedges (a)
(2,842)(37)(2,805)(2,792)115 (2,907)
Net unrealized pension and other postretirement benefit gains (losses)(491)4 (495)(450)3 (453)
Accumulated other comprehensive income (loss)$(3,355)$(44)$(3,311)$(3,248)$118 $(3,366)
(Millions), net of tax
Six Months Ended
June 30, 2026Net ChangeDecember 31, 2025June 30, 2025Net ChangeDecember 31, 2024
Net unrealized gains (losses) on debt securities$(22)$(18)$(4)$(6)$3 $(9)
Foreign currency translation adjustment gains (losses), net of hedges (a)
(2,842)(59)(2,783)(2,792)132 (2,924)
Net unrealized pension and other postretirement benefit gains (losses)(491)(1)(490)(450)12 (462)
Accumulated other comprehensive income (loss)$(3,355)$(78)$(3,277)$(3,248)$147 $(3,395)
(a)Refer to Note 8 for additional information on hedging activity.
The following table shows the tax impact for the three and six months ended June 30, 2026 and 2025 for the changes in each component of AOCI presented above:
Table 10.2: Tax Impact for Changes in Accumulated Other Comprehensive Income (Loss)
Tax expense (benefit)
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Net unrealized gains (losses) on debt securities
$(3)$— $(4)$— 
Foreign currency translation adjustment, net of hedges9 (137)— (197)
Pension and other postretirement benefits3 (6)15 (7)
Total tax impact$9 $(143)$11 $(204)
Reclassifications out of AOCI into the Consolidated Statements of Income, net of taxes, for the three and six months ended June 30, 2026 and 2025 were not significant.
v3.26.1
Service Fees and Other Revenue and Other Expenses
 6 Months Ended
Jun. 30, 2026
Service Fees and Other Revenue and Other Expenses [Abstract]  
Service Fees and Other Revenue and Other Expenses Service Fees and Other Revenue and Other Expenses
The following is a detail of Service fees and other revenue for the three and six months ended June 30, 2026 and 2025:
Table 11.1: Components of Service Fees and Other Revenue
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Foreign currency-related revenue
$486 $435 $966 $817 
Network partnership revenue480 438 929 846 
Loyalty coalition, merchant and other service fees448 407 912 843 
Delinquency fees249 238 504 475 
Travel commissions and fees
176 148 326 284 
Other fees and revenues
124 162 277 285 
Total Service fees and other revenue$1,963 $1,828 $3,914 $3,550 
The following is a detail of Other expenses for the three and six months ended June 30, 2026 and 2025:
Table 11.2: Components of Other Expense
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Data processing and equipment
$817 $720 $1,584 $1,425 
Professional services622 591 1,167 1,132 
Other
294 375 440 775 
Total Other expenses$1,733 $1,686 $3,191 $3,332 
v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
The effective tax rate was 23.6 percent and 18.7 percent for the three months ended June 30, 2026 and 2025, respectively, and 22.5 percent and 20.5 percent for the six months ended June 30, 2026 and 2025, respectively. The higher effective tax rates for the three and six month periods primarily reflected discrete tax benefits in the prior periods related to the resolution of certain prior-year tax items.
We are under continuous examination by the Internal Revenue Service (IRS) and tax authorities in other countries and states in which we have significant business operations. The tax years under examination and open for examination vary by jurisdiction. We are currently under examination by the IRS for the 2017 and 2018 tax years.
In December 2024, we received a Notice of Proposed Adjustment (Notice) from the IRS regarding transfer pricing between our U.S. and foreign subsidiaries for the 2017 and 2018 tax years currently under examination. The Notice proposes an increase to our U.S. taxable income that would result in an additional estimated U.S. federal income tax payment of approximately $185 million for 2017 and 2018, excluding interest and state income taxes, and asserts penalties of approximately $50 million for the same period. Although the Notice only applies to the 2017 and 2018 tax years currently under examination, the IRS may seek similar adjustments for subsequent tax years.
We strongly disagree with the IRS’s positions and plan to pursue all available remedies to vigorously contest the adjustments made by the IRS. We believe our income tax reserves are appropriate for all open tax years and that final resolution of this matter will not have a material impact on our results of operations. However, the ultimate outcome of this matter is uncertain, and if we are required to pay the IRS additional U.S. taxes, interest and/or potential penalties, our results of operations could be materially affected for the period in which the matter is resolved.
Tax Credit Investments
As of June 30, 2026 and 2025, we had $1,834 million and $1,697 million in tax credit investments, respectively, included in Other assets on the Consolidated Balance Sheets, comprised of Low Income Housing Tax Credit investments and other qualifying investments. We account for such tax credit investments using the Proportional Amortization Method.
The following table presents tax credit investment expenses and associated income tax credits and other income tax benefits for the three and six months ended June 30, 2026 and 2025:
Table 12.1: Tax Credit Investments Expenses and Credits
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Proportional amortization recognized in tax provision
$(65)$(58)$(131)$(115)
Income tax credits and Other income tax benefits (a) recognized in tax provision
87 73 163 139 
(a)Other income tax benefits are a result of tax deductible expenses generated by our tax credit investments.
Income tax credits and other income tax benefits associated with our tax credit investments are also recognized in the Consolidated Statements of Cash Flows in the Operating activities section primarily under Accounts payable and other liabilities. Refer to Note 6 to our “Consolidated Financial Statements” in the 2025 Form 10-K for additional information on our tax credit investments for the year ended December 31, 2025.
v3.26.1
Earnings Per Common Share (EPS)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Common Share (EPS) Earnings Per Common Share (EPS)
The computations of basic and diluted EPS for the three and six months ended June 30, 2026 and 2025 were as follows:
Table 13.1: Computation of Basic and Diluted Earnings per Share
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions, except per share amounts)2026202520262025
Numerator:
Basic and diluted:
Net income$3,110 $2,885 $6,082 $5,469 
Preferred dividends (15)(15)(29)(29)
Net income available to common shareholders$3,096 $2,870 $6,053 $5,440 
Earnings allocated to participating share awards (a)
(20)(18)(39)(36)
Net income attributable to common shareholders$3,076 $2,852 $6,014 $5,404 
Denominator: (a)
Basic: Weighted-average common shares678 698 681 700 
Add: Weighted-average stock options (b)
1 1 1 1 
Diluted679 699 682 701 
Basic EPS$4.54 $4.08 $8.83 $7.73 
Diluted EPS$4.53 $4.08 $8.81 $7.71 
(a)Our unvested restricted stock awards, which include the right to receive non-forfeitable dividends or dividend equivalents, are considered participating securities. Calculations of EPS under the two-class method exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities. The related participating securities are similarly excluded from the denominator.
(b)The dilutive effect of unexercised stock options excludes from the computation of EPS nil and 0.2 million of options for the three months ended June 30, 2026 and 2025, respectively, and nil and 0.1 million of options for the six months ended June 30, 2026 and 2025, respectively, because inclusion of the options would have been anti-dilutive.
v3.26.1
Reportable Operating Segments
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Reportable Operating Segments Reportable Operating Segments
The following tables present certain selected financial information for our reportable operating segments and Corporate & Other as of or for the three and six months ended June 30:
Table 14.1: Selected Financial Information by Segment
Three Months Ended June 30, 2026
(Millions)
USCSCSICSGMNSTotal Reportable Operating Segments
Corporate & Other (a)
Consolidated
Total non-interest revenues$6,229 $3,591 $3,261 $1,919 $15,000 $(11)$14,988 
Revenue from contracts with customers (b)
4,346 3,097 2,051 1,728 11,222 (10)11,212 
Interest income4,052 1,343 733 8 6,136 471 6,607 
Interest expense757 432 375 (169)1,395 564 1,958 
Net interest income
3,295 912 358 178 4,743 (93)4,649 
Total revenues net of interest expense9,524 4,503 3,619 2,096 19,742 (104)19,637 
Provisions for credit losses498 353 223 10 1,084 — 1,084 
Total revenues net of interest expense after provisions for credit losses9,025 4,149 3,396 2,086 18,656 (104)18,553 
Expenses
Card Member rewards, business development and Card Member services (c)
4,745 1,994 1,683 328 8,750 5 8,755 
Marketing813 379 352 100 1,644 7 1,650 
Salaries and employee benefits and other operating expenses1,403 806 884 530 3,623 453 4,077 
Total expenses6,961 3,179 2,919 958 14,017 465 14,482 
Pretax income (loss)$2,065 $970 $477 $1,128 $4,640 $(569)$4,071 
Total assets
$123,404 $65,567 $52,291 $19,401 $260,663 $47,540 $308,203 
Six Months Ended June 30, 2026
(Millions)
USCSCSICSGMNS
Total Reportable Operating Segments
Corporate & Other (a)
Consolidated
Total non-interest revenues$12,031 $6,999 $6,425 $3,743 $29,198 $4 $29,203 
Revenue from contracts with customers (b)
8,334 6,028 4,028 3,359 21,749 (20)21,729 
Interest income8,124 2,688 1,461 18 12,291 981 13,272 
Interest expense1,508 864 735 (339)2,768 1,162 3,931 
Net interest income
6,616 1,824 725 357 9,522 (181)9,341 
Total revenues net of interest expense18,647 8,823 7,150 4,100 38,720 (177)38,544 
Provisions for credit losses1,129 733 460 14 2,336 — 2,336 
Total revenues net of interest expense after provisions for credit losses17,518 8,091 6,690 4,086 36,385 (177)36,208 
Expenses
Card Member rewards, business development and Card Member services (c)
9,350 3,980 3,234 634 17,198 14 17,212 
Marketing1,577 690 684 165 3,116 14 3,130 
Salaries and employee benefits and other operating expenses2,770 1,635 1,514 1,044 6,963 1,055 8,017 
Total expenses13,697 6,305 5,432 1,843 27,277 1,083 28,359 
Pretax income (loss)$3,821 $1,786 $1,258 $2,243 $9,108 $(1,260)$7,849 
Three Months Ended June 30, 2025
(Millions)
USCSCSICSGMNS
Total Reportable Operating Segments
Corporate & Other (a)
Consolidated
Total non-interest revenues$5,540 $3,422 $2,947 $1,758 $13,667 $2 $13,669 
Revenue from contracts with customers (b)
3,903 2,975 1,876 1,574 10,328 (7)10,321 
Interest income3,795 1,240 620 10 5,665 599 6,264 
Interest expense782 450 335 (165)1,402 675 2,077 
Net interest income3,013 790 285 175 4,263 (76)4,187 
Total revenues net of interest expense8,553 4,212 3,232 1,933 17,930 (74)17,856 
Provisions for credit losses829 360 210 5 1,404 1 1,405 
Total revenues net of interest expense after provisions for credit losses7,724 3,852 3,022 1,928 16,526 (75)16,451 
Expenses
Card Member rewards, business development and Card Member services (c)
3,967 1,790 1,452 288 7,497 11 7,508 
Marketing800 331 322 96 1,549 6 1,555 
Salaries and employee benefits and other operating expenses1,281 826 783 490 3,380 458 3,838 
Total expenses6,048 2,947 2,557 874 12,426 475 12,901 
Pretax income (loss)$1,676 $905 $465 $1,054 $4,100 $(550)$3,550 
Total assets
$113,876 $62,152 $46,500 $18,324 $240,852 $54,704 $295,556 
Six Months Ended June 30, 2025
(Millions)
USCSCSICSGMNS
Total Reportable Operating Segments
Corporate & Other (a)
Consolidated
Total non-interest revenues$10,783 $6,687 $5,593 $3,418 $26,481 $(14)$26,467 
Revenue from contracts with customers (b)
7,537 5,803 3,564 3,059 19,963 (16)19,947 
Interest income7,558 2,442 1,216 22 11,238 1,161 12,399 
Interest expense1,539 882 641 (308)2,754 1,289 4,043 
Net interest income6,019 1,560 575 330 8,484 (128)8,356 
Total revenues net of interest expense16,802 8,247 6,168 3,748 34,965 (142)34,823 
Provisions for credit losses1,460 689 402 3 2,554 1 2,555 
Total revenues net of interest expense after provisions for credit losses15,342 7,558 5,766 3,745 32,411 (143)32,268 
Expenses
Card Member rewards, business development and Card Member services (c)
7,849 3,536 2,764 571 14,720 23 14,743 
Marketing1,565 668 622 172 3,027 14 3,041 
Salaries and employee benefits and other operating expenses2,520 1,613 1,534 958 6,625 979 7,604 
Total expenses11,934 5,817 4,920 1,701 24,372 1,016 25,388 
Pretax income (loss)$3,408 $1,741 $846 $2,044 $8,039 $(1,159)$6,880 
(a)Corporate & Other includes adjustments and eliminations for intersegment activity.
(b)Includes Discount revenue and certain Service fees and other revenue from customers.
(c)Card Member rewards, Business development and Card Member services expenses are generally correlated to volumes or are variable based on usage.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Basis of Presentation (Policies)
 6 Months Ended
Jun. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Basis of Presentation
The preparation of Consolidated Financial Statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, and the disclosures of contingent assets and liabilities. These accounting estimates reflect the best judgment of management, but actual results could differ.
Reclassifications
Certain reclassifications of prior period amounts have been made to conform to the current period presentation.
Beginning in the first quarter of 2026, we have updated our presentation and disclosure of Card Member loans and Card Member receivables to present them on a combined basis as Card balances. Prior period amounts have been reclassified to conform to the new presentation. Previously, Card Member loans represented balances on our credit card products and revolve-eligible balances on our charge card products, which included balances that Card Members paid in full as well as balances that Card Members paid over time with interest, and Card Member receivables represented balances on our charge card products that need to be paid in full on or before the Card Member’s payment due date. The updated Card balances presentation includes both revolve-eligible balances and balances that need to be paid in full, reflecting the evolution of our card products over time, primarily due to the expansion of lending features on our charge card portfolio. This presentation change has no impact on the recognition or measurement of outstanding Card balances and associated reserves for credit losses.
Depreciation, Depletion, and Amortization When the building goes into service, capitalized construction costs will be depreciated over the estimated useful life of the premises.
Recently Issued Accounting Standards
Recently Issued Accounting Standards
In November 2024 and as amended in January 2025, the Financial Accounting Standards Board issued updated accounting guidance on the Disaggregation of Income Statement Expenses for annual reporting periods beginning after December 15, 2026 and for interim reporting periods beginning December 15, 2027, with early adoption permitted. The updated guidance includes the requirement for a new tabular disclosure within a Note to the Consolidated Financial Statements, to disaggregate defined expense categories from the expense report lines presented on the Consolidated Statements of Income. We are currently assessing the updated guidance; however, it is not expected to have a material impact to our Consolidated Financial Statements.
In September 2025, the Financial Accounting Standards Board issued updated guidance on accounting for internal-use software, effective for annual reporting periods beginning after December 15, 2027, with early adoption permitted. The amendments modernize guidance to consider different methods of software development, updating the requirements for capitalization of software costs. We are currently assessing the updated guidance; however, it is not expected to have a material impact to our Consolidated Financial Statements.
Reserves for Credit Losses
Reserves for credit losses represent our best estimate of the expected credit losses in our outstanding portfolios of Card balances as of the balance sheet date. The Current Expected Credit Loss (CECL) methodology requires us to estimate lifetime expected credit losses by incorporating historical loss experience, as well as current and future economic conditions over a reasonable and supportable period (R&S Period), which is approximately three years, beyond the balance sheet date. We make various judgments combined with historical loss experience to determine a reserve rate that is applied to the outstanding balance to produce a reserve for expected credit losses.
We use a combination of statistically-based models that incorporate current and future economic conditions throughout the R&S Period. The process of estimating expected credit losses is based on several key models: Probability of Default (PD), Exposure at Default (EAD) and future recoveries for each month of the R&S Period. Beyond the R&S Period, we estimate expected credit losses by immediately reverting to long-term average loss rates.
•PD models are used to estimate the likelihood an account will be written-off.
•EAD models are used to estimate the balance of an account at the time of write-off. This includes balances less expected repayments based on historical payment and revolve behavior, which vary by customer. Due to the nature of revolving loan portfolios, the EAD models are complex and involve assumptions regarding the relationship between future spend and payment behaviors.
•Recovery models are used to estimate amounts that are expected to be received from Card Members after default occurs, typically as a result of collection efforts. Future recoveries are estimated taking into consideration the time of default, time elapsed since default and macroeconomic conditions.
We also estimate the likelihood and magnitude of recovery of previously written off accounts considering how long ago the account was written off and future economic conditions, even if such expected recoveries exceed expected losses. Our models are developed using historical loss experience covering the economic cycle and consider the impact of account characteristics on expected losses. This history includes the performance of modifications for borrowers experiencing financial difficulty, including their subsequent defaults.
Future economic conditions that are incorporated over the R&S Period include multiple macroeconomic scenarios provided to us by an independent third party. Management reviews these economic scenarios each period and assigns probability weights to each scenario, generally with a consistent initial distribution. At times, due to macroeconomic uncertainty and volatility, management may apply judgment and assign different probability weights to scenarios. These macroeconomic scenarios contain certain variables, including unemployment rates and real gross domestic product (GDP), that are significant to our models.
We also evaluate whether to include qualitative reserves to cover losses that are expected but, in our assessment, may not be adequately represented in the quantitative methods or the economic assumptions. We consider whether to adjust the quantitative reserves (higher or lower) to address possible limitations within the models or factors not included within the models, such as external conditions, emerging portfolio trends, the nature and size of the portfolio, portfolio concentrations, the volume and severity of past due accounts, or management risk actions.
Lifetime losses for most of our balances are evaluated at an appropriate level of granularity, including assessment on a pooled basis where financial assets share similar risk characteristics, such as past spend and remittance behaviors, credit bureau scores where available, delinquency status, tenure of balance outstanding, amongst others. Credit losses on accrued interest are measured and presented as part of Reserves for credit losses on the Consolidated Balance Sheets and within the Provisions for credit losses in the Consolidated Statements of Income, rather than reversing interest income.
For Other loans, we use vintage-based historical performance to estimate expected credit losses over the life of the loan, net of recovery estimates. We also assess the need to establish a reserve for expected credit losses as it relates to our card network business, taking into account our historical loss experience and any collateral or other forms of credit enhancements from network participants. If our expected credit losses exceed our outstanding receivables from network participants, a portion of the reserve for credit losses is recorded within Other liabilities on our Consolidated Balance Sheets.
Card balances and Other loans are written off when we consider amounts to be uncollectible, which is generally determined by the number of days past due and is typically no later than 180 days past due for Card balances and 120 days past due for Other loans. Balances in bankruptcy or owed by deceased individuals are generally written off upon notification.
Investment Securities Investment securities principally include available-for-sale (AFS) debt securities carried at fair value on the Consolidated Balance Sheets. Unrealized losses attributable to credit deterioration are recorded in the Consolidated Statements of Income in Other loans Provision for credit losses. Unrealized gains and any portion of a security’s unrealized loss attributable to non-credit losses are recorded in the Consolidated Statements of Comprehensive Income, net of tax.
Investment securities also include equity securities carried at fair value on the Consolidated Balance Sheets with unrealized gains and losses recorded in the Consolidated Statements of Income as Other, net expense.
Realized gains and losses are recognized upon disposition of the securities using the specific identification method and recorded in the Consolidated Statements of Income as Other, net expense.
Asset Securitizations
We periodically securitize Card balances arising from our card businesses through the transfer of those assets to securitization trusts, American Express Credit Account Master Trust (the Lending Trust) and American Express Issuance Trust II (the Charge Trust and together with the Lending Trust, the Trusts). The Trusts then issue debt securities collateralized by the transferred assets to third-party investors.
The Trusts are considered VIEs as they have insufficient equity at risk to finance their activities, which are to issue debt securities that are collateralized by the underlying Card balances. We perform the servicing and key decision making for the Trusts, and therefore have the power to direct the activities that most significantly impact the Trusts’ economic performance, which are the collection of the underlying Card balances. In addition, we hold all of the variable interests in both Trusts, with the exception of the debt securities issued to third-party investors.
Variable Interest Entity These variable interests held by us provide us with the right to receive benefits and the obligation to absorb losses, which could be significant to both the Lending Trust and the Charge Trust. Based on these considerations, we are the primary beneficiary of the Trusts and therefore consolidate the Trusts.
Contingencies
We have accrued for certain of our outstanding legal proceedings. An accrual is recorded when it is both (a) probable that a loss has occurred and (b) the amount of loss can be reasonably estimated. There may be instances in which an exposure to loss exceeds the accrual. We evaluate, on a quarterly basis, developments in legal proceedings that could cause an increase or decrease in the amount of the accrual that has been previously recorded, or a revision to the disclosed estimated range of possible losses, as applicable.
For those disclosed legal proceedings where a loss is reasonably possible in future periods, whether in excess of a recorded accrual for legal or tax contingencies, or where there is no such accrual, and for which we are able to estimate a range of possible loss, the current estimated range is zero to $260 million in excess of any accruals related to those matters. This range represents management’s estimate based on currently available information and does not represent our maximum loss exposure; actual results may vary significantly. As such legal proceedings evolve, we may need to increase our range of possible loss or recorded accruals. In addition, it is possible that significantly increased merchant steering or other actions impairing the Card Member experience as a result of an adverse resolution in one or any combination of the disclosed merchant cases could have a material adverse effect on our business and results of operations.
Derivatives
A majority of our derivative assets and liabilities as of June 30, 2026 and December 31, 2025 are subject to master netting agreements with our derivative counterparties. Accordingly, where appropriate, we have elected to present derivative assets and liabilities with the same counterparty on a net basis in the Consolidated Balance Sheets.
We primarily designate foreign currency derivatives (typically foreign exchange forwards) and, in certain cases, foreign currency-denominated debt, as hedging instruments to reduce our exposure to changes in currency exchange rates on net investments in foreign subsidiaries with non-U.S. dollar functional currency.The changes in the fair value of derivatives that are not designated as hedges are primarily intended to offset the related foreign exchange gains or losses of the underlying foreign currency exposures.
Fair Values
We have certain assets that are subject to measurement at fair value on a nonrecurring basis. Equity investments without readily determinable fair values, which include investments in our Amex Ventures portfolio, are measured at fair value in periods subsequent to their initial recognition if they are determined to be impaired or where there is an observable price change for an identical or similar investment of the same issuer.
We generally estimate the fair value of these investments based on the observed transaction price. In addition, impairments on such investments are recorded to account for the difference between the estimated fair value and carrying value of an investment based on a qualitative assessment of impairment indicators such as business performance, general market conditions and the economic and regulatory environment. When an impairment triggering event occurs, the fair value measurement is generally derived by taking into account all available information, such as share prices of publicly traded peer companies, internal valuations performed by our investees, and other third-party fair value data. The fair value of these investments represents a Level 3 fair value measurement.
v3.26.1
Card Balances and Other Loans (Tables)
 6 Months Ended
Jun. 30, 2026
Receivables [Abstract]  
Card member and other loan detail
Card balances and Other loans as of June 30, 2026 and December 31, 2025 consisted of:
Table 2.1: Card Balances and Other Loans
(Millions)20262025
Consumer (a)
$144,974 $144,324 
Small Business56,172 53,632 
Corporate (a)
16,908 15,907 
Card balances218,054 213,863 
Less: Reserves for credit losses5,866 6,089 
Card balances, net$212,188 $207,774 
Other loans, net (b)
$11,115 $10,605 
(a)Includes approximately $32.2 billion and $33.4 billion of gross Card balances available to settle obligations of a consolidated variable interest entity (VIE) as of June 30, 2026 and December 31, 2025, respectively.
(b)Other loans are presented net of reserves for credit losses of $312 million and $323 million as of June 30, 2026 and December 31, 2025, respectively.
Aging of receivables The following table presents the aging of Card balances as of June 30, 2026 and December 31, 2025:
Table 2.2: Card Balances Aging
(Millions)
Current30-59
Days
Past Due		60-89
Days
Past Due		90+
Days
Past Due		Total
90+ Days Past Due and Still Accruing Interest (a)
Non-Accruals(b)
2026
Consumer$143,348 $480 $355 $791 $144,974 $436 $390 
Small Business55,442 229 160 340 56,172 136 165 
Corporate (c)
(d)(d)(d)66 16,908 — — 
2025
Consumer142,552 529 392 851 144,324 434 471 
Small Business$52,870 $255 $168 340 53,632 130 177 
Corporate (c)
(d)(d)(d)$75 $15,907 $— $— 
(a)Our policy is generally to accrue interest through the date of write-off (typically 180 days past due). We establish reserves for interest that we believe will not be collected.
(b)Non-accrual Card balances primarily include certain Card balances placed with outside collection agencies for which we have ceased accruing interest.
(c)For corporate accounts, delinquency data is tracked based on days past billing status rather than days past due. A Card Member account is considered 90 days past billing if payment has not been received within 90 days of the Card Member’s billing statement date. In addition, if we initiate collection procedures on an account prior to the account becoming 90 days past billing, the associated Card balances are classified as 90 days past billing. These amounts are shown above as 90+ Days Past Due for presentation purposes. See also (d).
(d)Delinquency data for periods other than 90+ days past billing has not historically been available due to system constraints. Therefore, such data has not been a material input for risk management purposes. The balances that are current to 89 days past billing can be derived as the difference between the Total and the 90+ Days Past Due balances.
The following tables present the aging and gross write-offs for Other loans by year of origination as of or for the six months ended June 30, 2026, and as of or for the twelve months ended December 31, 2025:
Table 2.3: Other Loans Aging and Gross Write-Offs by Origination Year
2026 (Millions)
20262025202420232022
Prior
Revolving Loans (a)
Total
Current
$3,391 $3,652 $1,335 $226 $26 $54 $2,684 $11,369 
30-59 Days Past Due
1 7 4 1 — 1 7 21 
60-89 Days Past Due
1 6 4 1 — — 7 20 
90+ Days Past Due (b)
— 5 4 1 — 1 6 18 
Total (c)
$3,394 $3,670 $1,348 $230 $26 $55 $2,704 $11,428 
Gross Write-Offs
$1 $39 $36 $12 $1 $— $51 $141 
2025 (Millions)
20252024202320222021
Prior
Revolving Loans (a)
Total
Current
$5,532 $2,172 $494 $45 $6 $54 $2,564 $10,867 
30-59 Days Past Due
6 7 2 — — 1 8 25 
60-89 Days Past Due
4 5 2 — — — 8 19 
90+ Days Past Due (b)
3 5 2 — — 1 6 17 
Total (c)
$5,545 $2,188 $500 $46 $6 $56 $2,587 $10,928 
Gross Write-Offs
$15 $77 $47 $13 $1 $— $88 $242 
(a)Revolving loans consist primarily of lines of credit offered to small business customers. Revolving loans include $5 million of term loans that were converted from revolving loans.
(b)Over 90 days past due includes $7 million as of both June 30, 2026 and December 31, 2025, of loans on which interest is still accruing. Our policy is generally to accrue interest through the date of write-off (typically 120 days past due) except for lines of credit offered to small business customers, where interest ceases to accrue at 90 days past due. We establish reserves for interest that we believe will not be collected.
(c)This total includes non-accrual loans of $18 million and $16 million as of June 30, 2026 and December 31, 2025, respectively. Non-accruals for consumer installment loans primarily include certain loans placed with outside collection agencies for which we have ceased accruing interest.
Credit quality indicators for loans and receivables
The following table presents the key credit quality indicators as of or for the six months ended June 30, 2026 and 2025:
Table 2.4: Credit Quality Indicators for Card Balances and Other Loans
20262025
Net Write-Off RateNet Write-Off Rate
Principal
Only (a)
Principal,
Interest &
Fees (a)
30+ Days Past Due as a % of Total
Principal
Only (a)
Principal,
Interest &
Fees (a)
30+ Days Past Due as a % of Total
Card balances:
Consumer1.9 %2.3 %1.1 %2.0 %2.4 %1.2 %
Small Business2.3 %2.6 %1.3 %2.3 %2.6 %1.4 %
Corporate (b)0.6 %(c)(b)0.5 %(c)
Other loans2.1 %2.2 %0.5 %2.1 %2.2 %0.6 %
(a)We present a net write-off rate based on principal losses only (i.e., excluding interest and/or fees) to be consistent with industry convention. In addition, as our practice is to include uncollectible interest and/or fees as part of our total provision for credit losses, a net write-off rate including principal, interest and/or fees is also presented.
(b)Net write-off rate based on principal losses only is not available due to system constraints.
(c)For corporate Card balances, delinquency data is tracked based on days past billing status rather than days past due. Delinquency data for periods other than 90+ days past billing is not available due to system constraints. 90+ days past billing as a percent of total was 0.4 percent as of both June 30, 2026 and 2025.
Modifications of loans and receivables
The following tables provide information relating to Card balances and Other loans modifications for borrowers experiencing financial difficulty during the three and six months ended June 30, 2026 and 2025:
Table 2.5: Card Balances and Other Loans Modifications for Borrowers Experiencing Financial Difficulty
Three Months Ended June 30,
20262025
Account Balances
(Millions) (a)
% of Total Class of
Financing Receivables
Weighted Average Interest Rate Reduction
(% points)		Weighted Average Payment
Term Extensions
(# of months)
Account Balances
(Millions) (a)
% of Total Class of
Financing Receivables
Weighted Average Interest Rate Reduction
(% points)		Weighted Average Payment
Term Extensions
(# of months)
Interest Rate Reduction
Card balances
Consumer$545 0.5 %18.1 %(b)$520 0.5 %18.3 %(b)
Small Business229 0.6 %18.1 %(b)205 0.6 %17.7 %(b)
Corporate— — — (b)— — — (b)
Term Extension
Card balances
Consumer80 0.3 %(b)3069 0.3 %(b)31
Small Business106 0.5 %(b)30114 0.6 %(b)30
Corporate12 0.1 %(b)1012 0.1 %(b)10
Other loans12 0.1 %— 189 0.1 %— 17
Interest Rate Reduction
and Term Extension
Other loans21 0.2 %3.8 %2117 0.2 %3.3 %21
Total$1,005 $946 
Six Months Ended June 30,
20262025
Account Balances
(Millions) (a)
% of Total Class of
Financing Receivables
Weighted Average Interest Rate Reduction
(% points)		Weighted Average Payment
Term Extensions
(# of months)
Account Balances
(Millions) (a)
% of Total Class of
Financing Receivables
Weighted Average Interest Rate Reduction
(% points)		Weighted Average Payment
Term Extensions
(# of months)
Interest Rate Reduction
Card balances
Consumer$1,088 0.9 %18.1 %(b)$1,005 0.9 %18.3 %(b)
Small Business472 1.3 %18.1 %(b)409 1.2 %17.7 %(b)
Corporate— — — (b)— — — (b)
Term Extension
Card balances
Consumer135 0.5 %(b)31130 0.5 %(b)31
Small Business220 1.1 %(b)31225 1.2 %(b)30
Corporate18 0.1 %(b)1016 0.1 %(b)10
Other Loans23 0.2 %— 1820 0.2 %— 17
Interest Rate Reduction
and Term Extension
Other Loans41 0.4 %3.8 %2132 0.3 %3.2 %21
Total$1,998 $1,837 
(a)Represents the outstanding balances as of June 30, 2026 and 2025, respectively, of all modifications undertaken in the current and preceding three and six months for balances that remain in modification programs as of, or that defaulted on or before, June 30, 2026 and 2025, respectively. The outstanding balances include principal, fees, and, where applicable, accrued interest. Modifications did not reduce the principal balance.
(b)For qualifying Card Member accounts, we offer either interest rate reductions or payment term extensions.
The following tables provide information relating to the performance of Card balances and Other loans that were modified during the prior twelve months and that remain in modification programs as of, or that defaulted on or before, June 30, 2026 and 2025:
Table 2.7: Performance of Modified Card Balances and Other Loans
As of June 30, 2026
Account Balances (Millions) (a)
Current
30-89 Days Past Due
90+ Days Past Due
Card balances
Consumer$1,971 $111 $47 
Small Business1,023 83 32 
Corporate17 3 1 
Other loans95 5 2 
Total$3,105 $201 $82 
As of June 30, 2025
Account Balances (Millions) (a)
Current
30-89 Days Past Due
90+ Days Past Due
Card balances
Consumer$1,810 $113 $45 
Small Business939 84 32 
Corporate12 3 3 
Other loans78 5 2 
Total$2,839 $205 $82 
(a)The outstanding balances include principal, fees and where applicable, accrued interest
Modified loans and receivables that subsequently defaulted
The following tables provide information with respect to modified Card balances and Other loans that defaulted during the three and six months ended June 30, 2026 and 2025, and were modified in the twelve months prior to the payment default. A customer can miss up to three payments before being considered in default, depending on the terms of the modification program.
Table 2.6: Modified Card Balances and Other Loans that Defaulted within Twelve Months of Modification
Three Months Ended June 30,
20262025
Account Balance (Millions) (a)
Interest Rate Reduction
Term ExtensionInterest Rate Reduction and Term ExtensionTotal
Interest Rate Reduction
Term ExtensionInterest Rate Reduction and Term ExtensionTotal
Card balances
Consumer$42 $4 $— $46 $45 $5 $— $50 
Small Business22 9 — 31 21 9 — 30 
Corporate— 1 — 1 — 1 — 1 
Other loans— — 2 2 — — 2 2 
Total$64 $14 $2 $80 $66 $15 $2 $83 
Six Months Ended June 30,
20262025
Account Balance (Millions) (a)
Interest Rate Reduction
Term ExtensionInterest Rate Reduction and Term ExtensionTotal
Interest Rate Reduction
Term ExtensionInterest Rate Reduction and Term ExtensionTotal
Card balances
Consumer$58 $5 $— $63 $62 $6 $— $68 
Small Business30 12 — 42 29 14 — 43 
Corporate— 1 — 1 — 1 — 1 
Other Loans— — 2 2 — — 2 2 
Total$89 $18 $2 $109 $91 $21 $2 $114 
(a)Represents the outstanding balances as of June 30, 2026 and 2025, respectively, of all modifications that defaulted in the periods presented and were modified in the twelve months prior to payment default. The outstanding balances include principal, fees and, where applicable, accrued interest.
v3.26.1
Reserves for Credit Losses (Tables)
 6 Months Ended
Jun. 30, 2026
Credit Loss [Abstract]  
Schedule of key variables in macroeconomic scenarios utilized for computation of reserves for credit losses
The following table reflects the range of macroeconomic scenario key variables available to us as of June 30, 2026 and December 31, 2025, respectively, which were used, in conjunction with other inputs, to calculate reserves for credit losses:
Table 3.1: Key Macroeconomic Variables
U.S. Unemployment Rate
U.S. GDP Growth (Contraction) (a)
June 30, 2026December 31, 2025June 30, 2026December 31, 2025
Second quarter of 2026
4% - 6%
4% - 7%
5% - (3)%
3% - (3)%
Fourth quarter of 2026
4% - 8%
4% - 8%
3% - (4)%
3% - 0.5%
Fourth quarter of 2027
4% - 8%
4% - 8%
3% - 2%
2%
Fourth quarter of 2028
4% - 7%
4% - 6%
3% - 2%
4% - 2%
(a)Real GDP quarter over quarter percentage change seasonally adjusted to annualized rates.
Schedule of changes in card member loans, receivables, and other loans
The following table presents changes in the Card balances reserve for credit losses for the three and six months ended June 30, 2026 and 2025:
Table 3.2: Changes in Card Balances Reserve for Credit Losses
Three Months Ended June 30,Six Months Ended June 30,
(Millions)2026202520262025
Beginning reserves
$6,065 $5,740 $6,089 $5,850 
Provisions (a)
1,017 1,320 2,204 2,367 
Net write-offs (b)
(1,207)(1,122)(2,420)(2,287)
Other (c)
(9)22 (8)30 
Ending reserves
$5,866 $5,960 $5,866 $5,960 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Net write-offs are presented less recoveries of $416 million and $316 million for the three months ended June 30, 2026 and 2025, respectively, and $768 million and $609 million for the six months ended June 30, 2026 and 2025, respectively.
(c)Primarily includes foreign currency translation adjustments
The following table presents changes in the Other loans reserve for credit losses for the three and six months ended June 30, 2026 and 2025:
Table 3.3: Changes in Other Loans Reserve for Credit Losses
Three Months Ended June 30,Six Months Ended June 30,
(Millions)2026202520262025
Beginning reserves
$314 $244 $323 $194 
Provisions (a)
62 78 111 183 
Net write-offs (b)
Principal
(61)(48)(115)(101)
Interest and fees
(3)(3)(6)(5)
Other
— 1 — 1 
Ending reserves
$312 $272 $312 $272 
(a)Provisions for principal, interest and fee reserve components. Provisions for credit losses includes reserve build (release) and replenishment for net write-offs.
(b)Principal write-offs are presented less recoveries of $11 million and $8 million for the three months ended June 30, 2026 and 2025, respectively, and $20 million and $15 million for the six months ended June 30, 2026 and 2025, respectively. Recoveries of interest and fees were not significant.
v3.26.1
Investment Securities (Tables)
 6 Months Ended
Jun. 30, 2026
Investments, Debt and Equity Securities [Abstract]  
Schedule of available for sale securities by type
The following is a summary of investment securities as of June 30, 2026 and December 31, 2025:
Table 4.1: Investment Securities
20262025
Description of Securities
(Millions)
CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value		CostGross
Unrealized
Gains		Gross
Unrealized
Losses		Estimated
Fair
Value
Available-for-sale debt securities:
State and municipal obligations$53 $1 $(7)$47 $54 $1 $(7)$48 
U.S. Government agency obligations3 — — 3 3 — — 3 
U.S. Government treasury obligations
3,120 — (21)3,099 138 1 — 138 
Mortgage-backed securities (a)
9 — — 9 10 — — 9 
Foreign government bonds and obligations790 1 — 791 717 — — 717 
Other (b)
81 — — 81 81 — — 81 
Equity securities (c)
53 — (9)45 54 — (8)46 
Total$4,110 $2 $(38)$4,073 $1,056 $2 $(16)$1,043 
(a)Represents mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac or Ginnie Mae.
(b)Represents investments in debt securities issued by Community Development Financial Institutions.
(c)Equity securities comprise investments in common stock and mutual funds.
Available-for-sale securities, continuous unrealized loss position, fair value
The following table provides information about our AFS debt securities with gross unrealized losses and the length of time that individual securities have been in a continuous unrealized loss position as of June 30, 2026 and December 31, 2025:
Table 4.2: AFS Debt Securities with Gross Unrealized Losses by Duration
20262025
Less than 12 months12 months or moreLess than 12 months12 months or more
Description of Securities (Millions)
Estimated Fair ValueGross
Unrealized
Losses		Estimated Fair ValueGross
Unrealized
Losses		Estimated Fair ValueGross
Unrealized
Losses		Estimated Fair ValueGross
Unrealized
Losses
State and municipal obligations$— $— $25 $(7)$— $— $26 $(7)
U.S. Government treasury obligations2,533 (21)— — — — — — 
Total$2,533 $(21)$25 $(7)$— $— $26 $(7)
Contractual maturities of investment securities
Contractual maturities for AFS debt securities with stated maturities as of June 30, 2026 were as follows:    
Table 4.3: Contractual Maturities of AFS Debt Securities
(Millions)CostEstimated Fair Value
Due in 1 year or less
$874 $874 
Due after 1 year through 5 years
3,133 3,113 
Due after 5 years through 10 years
7 7 
Due after 10 years
43 35 
Total$4,056 $4,029 
v3.26.1
Customer Deposits (Tables)
 6 Months Ended
Jun. 30, 2026
Deposits [Abstract]  
Customer deposits by component and type
As of June 30, 2026 and December 31, 2025, customer deposits were categorized as interest-bearing or non-interest-bearing as follows:
Table 6.1: Interest-bearing and Non-Interest-bearing Customer Deposits
(Millions)20262025
U.S.:
Interest-bearing$155,845 $151,425 
Non-interest-bearing (includes Card Member credit balances of: 2026, $507; 2025, $556)
549 606 
Non-U.S.:
Interest-bearing18 18 
Non-interest-bearing (includes Card Member credit balances of: 2026, $558; 2025, $436)
560 439 
Total customer deposits$156,973 $152,488 
Customer deposits by deposit type as of June 30, 2026 and December 31, 2025 were as follows:
Table 6.2: Customer Deposits by Type
(Millions)20262025
U.S. interest-bearing deposits:
Savings accounts
$120,356 $116,867 
Checking accounts
3,498 2,965 
Certificates of deposit:
Direct8,411 5,979 
Third-party (brokered)9,287 9,919 
Sweep accounts – Third-party (brokered)14,293 15,696 
Total U.S. interest-bearing deposits
$155,845 $151,425 
Other deposits64 71 
Card Member credit balances1,064 992 
Total customer deposits$156,973 $152,488 
Time deposits by maturity
The scheduled maturities of certificates of deposit as of June 30, 2026 were as follows:
Table 6.3: Scheduled Maturities of Certificates of Deposit
(Millions)20262027202820292030ThereafterTotal
Certificates of deposit (a)
$3,683 $8,577 $2,891 $672 $1,880 $8 $17,711 
(a)Includes $12 million of non-U.S. direct certificates of deposit as of June 30, 2026.
v3.26.1
Derivatives and Hedging Activities (Tables)
 6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of derivative instruments in statement of financial position, fair value
The following table summarizes the total fair value, excluding interest accruals, of derivative assets and liabilities as of June 30, 2026 and December 31, 2025:
Table 8.1: Fair Value of Derivative Assets and Liabilities
Other Assets Fair ValueOther Liabilities Fair Value
(Millions)2026202520262025
Derivatives designated as hedging instruments:
Fair value hedges - Interest rate contracts (a)
$— $— $— $4 
Net investment hedges - Foreign exchange contracts287 26 52 699 
Total derivatives designated as hedging instruments287 26 52 702 
Derivatives not designated as hedging instruments:
Foreign exchange contracts and other
545 148 120 418 
Total derivatives, gross832 174 172 1,120 
Derivative asset and derivative liability netting (b)
(130)(151)(130)(151)
Cash collateral netting (c)
(28)(1)— (9)
Total derivatives, net$674 $22 $43 $961 
(a)For our centrally cleared derivatives, variation margin payments are legally characterized as settlement payments as opposed to collateral.
(b)Represents the amount of netting of derivative assets and derivative liabilities executed with the same counterparty under an enforceable master netting arrangement.
(c)Represents the offsetting of the fair value of bilateral interest rate contracts and certain foreign exchange contracts with the right to cash collateral held from the counterparty or cash collateral posted with the counterparty.
Effect of fair value hedges on results of operations
The following table presents the gains and losses recognized in Interest expense on the Consolidated Statements of Income associated with the fair value hedges of our fixed-rate long-term debt for the three and six months ended June 30, 2026 and 2025:
Table 8.2: Gains and Losses associated with Fair Value Hedges on Fixed-rate Long Term Debt
Gains (losses)
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Fixed-rate long-term debt $370 $(137)$592 $(400)
Derivatives designated as hedging instruments(370)137 (592)400 
Total$— $— $— $— 
v3.26.1
Fair Values (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair value assets and liabilities measured on recurring basis
The following table summarizes our financial assets and financial liabilities measured at fair value on a recurring basis, categorized by GAAP’s fair value hierarchy, as of June 30, 2026 and December 31, 2025:
Table 9.1: Financial Assets and Financial Liabilities measured at Fair Value
20262025
(Millions)TotalLevel 1Level 2Level 3TotalLevel 1Level 2Level 3
Assets:
Investment securities: (a)
Equity securities$45 $45 $— $— $46 $46 $— $— 
Debt securities
4,029 — 3,948 81 997 — 916 81 
Derivatives, gross (a)(b)
832 — 832 — 174 — 164 10 
Total Assets4,905 45 4,780 81 1,216 46 1,080 91 
Liabilities:
Derivatives, gross (a)
172 — 172 — 1,120 — 1,120 — 
Total Liabilities$172 $— $172 $— $1,120 $— $1,120 $— 
(a)Refer to Note 4 for the fair values of investment securities and to Note 8 for the fair values of derivative assets and liabilities on a further disaggregated basis.
(b)Level 3 fair value reflects an embedded derivative. Management reviews and applies judgment to the valuation of the embedded derivative that is performed by an independent third party using a Monte Carlo simulation that models a range of probable future stock prices based on implied volatility in a risk neutral framework. Refer to Note 8 for additional information about this embedded derivative.
Estimated fair value of financial assets and financial liabilities
The following tables summarize the estimated fair values of our financial assets and financial liabilities that are measured at amortized cost, and not required to be carried at fair value on a recurring basis, as of June 30, 2026 and December 31, 2025. The fair values of these financial instruments are estimates based upon the market conditions and perceived risks as of June 30, 2026 and December 31, 2025, and require management’s judgment. These figures may not be indicative of future fair values, nor can the fair value of American Express be estimated by aggregating the amounts presented.
Table 9.2: Fair Value of Financial Assets and Financial Liabilities measured at Amortized Cost
Carrying
Value		Corresponding Fair Value Amount
2026 (Billions)TotalLevel 1Level 2Level 3
Financial Assets:
Financial assets for which carrying values equal or approximate fair value
Cash and cash equivalents (a)
$45 $45 $44 $1 $— 
Other financial assets (b)
4 4 — 4 — 
Financial assets carried at other than fair value
Card balances and Other loans, less reserves (c)
223 228 — — 228 
Card balances HFS2 2 — — 2 
Financial Liabilities:
Financial liabilities for which carrying values equal or approximate fair value170 170 — 170 — 
Financial liabilities carried at other than fair value
Certificates of deposit (d)
18 18 — 18 — 
Long-term debt (c)
$57 $58 $— $58 $— 
Carrying
Value		Corresponding Fair Value Amount
2025 (Billions)TotalLevel 1Level 2Level 3
Financial Assets:
Financial assets for which carrying values equal or approximate fair value
Cash and cash equivalents (a)
$48 $48 $46 $2 $— 
Other financial assets (b)
4 4 — 4 — 
Financial assets carried at other than fair value
Card balances and Other loans, less reserves (c)
218 224 — — 224 
Card balances HFS2 2 — — 2 
Financial Liabilities:
Financial liabilities for which carrying values equal or approximate fair value166 166 — 166 — 
Financial liabilities carried at other than fair value
Certificates of deposit (d)
16 16 — 16 — 
Long-term debt (c)
$56 $57 $— $57 $— 
(a)Level 2 fair value amounts reflect time deposits and short-term investments.
(b)Includes other receivables and other miscellaneous assets.
(c)Includes amounts held by consolidated VIEs for which the fair values of Card balances were $32.0 billion and $33.2 billion as of June 30, 2026 and December 31, 2025, respectively, and the fair values of Long-term debt were $11.9 billion and $13.3 billion as of June 30, 2026 and December 31, 2025, respectively.
(d)Presented as a component of Customer deposits on the Consolidated Balance Sheets.
v3.26.1
Changes in Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2026
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
Components of comprehensive income (loss), net of tax Changes in each component for the three and six months ended June 30, 2026 and 2025 were as follows:
Table 10.1: Changes in Accumulated Other Comprehensive Income (Loss)
(Millions), net of tax
Three Months Ended,
June 30, 2026Net ChangeMarch 31, 2026June 30, 2025Net ChangeMarch 31, 2025
Net unrealized gains (losses) on debt securities$(22)$(11)$(11)$(6)$— $(6)
Foreign currency translation adjustment gains (losses), net of hedges (a)
(2,842)(37)(2,805)(2,792)115 (2,907)
Net unrealized pension and other postretirement benefit gains (losses)(491)4 (495)(450)3 (453)
Accumulated other comprehensive income (loss)$(3,355)$(44)$(3,311)$(3,248)$118 $(3,366)
(Millions), net of tax
Six Months Ended
June 30, 2026Net ChangeDecember 31, 2025June 30, 2025Net ChangeDecember 31, 2024
Net unrealized gains (losses) on debt securities$(22)$(18)$(4)$(6)$3 $(9)
Foreign currency translation adjustment gains (losses), net of hedges (a)
(2,842)(59)(2,783)(2,792)132 (2,924)
Net unrealized pension and other postretirement benefit gains (losses)(491)(1)(490)(450)12 (462)
Accumulated other comprehensive income (loss)$(3,355)$(78)$(3,277)$(3,248)$147 $(3,395)
(a)Refer to Note 8 for additional information on hedging activity.
AOCI income tax effect
The following table shows the tax impact for the three and six months ended June 30, 2026 and 2025 for the changes in each component of AOCI presented above:
Table 10.2: Tax Impact for Changes in Accumulated Other Comprehensive Income (Loss)
Tax expense (benefit)
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Net unrealized gains (losses) on debt securities
$(3)$— $(4)$— 
Foreign currency translation adjustment, net of hedges9 (137)— (197)
Pension and other postretirement benefits3 (6)15 (7)
Total tax impact$9 $(143)$11 $(204)
v3.26.1
Service Fees and Other Revenue and Other Expenses (Tables)
 6 Months Ended
Jun. 30, 2026
Service Fees and Other Revenue and Other Expenses [Abstract]  
Service fees and other revenue
The following is a detail of Service fees and other revenue for the three and six months ended June 30, 2026 and 2025:
Table 11.1: Components of Service Fees and Other Revenue
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Foreign currency-related revenue
$486 $435 $966 $817 
Network partnership revenue480 438 929 846 
Loyalty coalition, merchant and other service fees448 407 912 843 
Delinquency fees249 238 504 475 
Travel commissions and fees
176 148 326 284 
Other fees and revenues
124 162 277 285 
Total Service fees and other revenue$1,963 $1,828 $3,914 $3,550 
Other expenses
The following is a detail of Other expenses for the three and six months ended June 30, 2026 and 2025:
Table 11.2: Components of Other Expense
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Data processing and equipment
$817 $720 $1,584 $1,425 
Professional services622 591 1,167 1,132 
Other
294 375 440 775 
Total Other expenses$1,733 $1,686 $3,191 $3,332 
v3.26.1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Tax credit investments expenses and related income tax credits and other tax benefits
The following table presents tax credit investment expenses and associated income tax credits and other income tax benefits for the three and six months ended June 30, 2026 and 2025:
Table 12.1: Tax Credit Investments Expenses and Credits
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions)2026202520262025
Proportional amortization recognized in tax provision
$(65)$(58)$(131)$(115)
Income tax credits and Other income tax benefits (a) recognized in tax provision
87 73 163 139 
(a)Other income tax benefits are a result of tax deductible expenses generated by our tax credit investments.
v3.26.1
Earnings Per Common Share (EPS) (Tables)
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Computation of basic and diluted EPS
The computations of basic and diluted EPS for the three and six months ended June 30, 2026 and 2025 were as follows:
Table 13.1: Computation of Basic and Diluted Earnings per Share
Three Months Ended
June 30,		Six Months Ended
June 30,
(Millions, except per share amounts)2026202520262025
Numerator:
Basic and diluted:
Net income$3,110 $2,885 $6,082 $5,469 
Preferred dividends (15)(15)(29)(29)
Net income available to common shareholders$3,096 $2,870 $6,053 $5,440 
Earnings allocated to participating share awards (a)
(20)(18)(39)(36)
Net income attributable to common shareholders$3,076 $2,852 $6,014 $5,404 
Denominator: (a)
Basic: Weighted-average common shares678 698 681 700 
Add: Weighted-average stock options (b)
1 1 1 1 
Diluted679 699 682 701 
Basic EPS$4.54 $4.08 $8.83 $7.73 
Diluted EPS$4.53 $4.08 $8.81 $7.71 
(a)Our unvested restricted stock awards, which include the right to receive non-forfeitable dividends or dividend equivalents, are considered participating securities. Calculations of EPS under the two-class method exclude from the numerator any dividends paid or owed on participating securities and any undistributed earnings considered to be attributable to participating securities. The related participating securities are similarly excluded from the denominator.
(b)The dilutive effect of unexercised stock options excludes from the computation of EPS nil and 0.2 million of options for the three months ended June 30, 2026 and 2025, respectively, and nil and 0.1 million of options for the six months ended June 30, 2026 and 2025, respectively, because inclusion of the options would have been anti-dilutive.
v3.26.1
Reportable Operating Segments (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Operating segment information
The following tables present certain selected financial information for our reportable operating segments and Corporate & Other as of or for the three and six months ended June 30:
Table 14.1: Selected Financial Information by Segment
Three Months Ended June 30, 2026
(Millions)
USCSCSICSGMNSTotal Reportable Operating Segments
Corporate & Other (a)
Consolidated
Total non-interest revenues$6,229 $3,591 $3,261 $1,919 $15,000 $(11)$14,988 
Revenue from contracts with customers (b)
4,346 3,097 2,051 1,728 11,222 (10)11,212 
Interest income4,052 1,343 733 8 6,136 471 6,607 
Interest expense757 432 375 (169)1,395 564 1,958 
Net interest income
3,295 912 358 178 4,743 (93)4,649 
Total revenues net of interest expense9,524 4,503 3,619 2,096 19,742 (104)19,637 
Provisions for credit losses498 353 223 10 1,084 — 1,084 
Total revenues net of interest expense after provisions for credit losses9,025 4,149 3,396 2,086 18,656 (104)18,553 
Expenses
Card Member rewards, business development and Card Member services (c)
4,745 1,994 1,683 328 8,750 5 8,755 
Marketing813 379 352 100 1,644 7 1,650 
Salaries and employee benefits and other operating expenses1,403 806 884 530 3,623 453 4,077 
Total expenses6,961 3,179 2,919 958 14,017 465 14,482 
Pretax income (loss)$2,065 $970 $477 $1,128 $4,640 $(569)$4,071 
Total assets
$123,404 $65,567 $52,291 $19,401 $260,663 $47,540 $308,203 
Six Months Ended June 30, 2026
(Millions)
USCSCSICSGMNS
Total Reportable Operating Segments
Corporate & Other (a)
Consolidated
Total non-interest revenues$12,031 $6,999 $6,425 $3,743 $29,198 $4 $29,203 
Revenue from contracts with customers (b)
8,334 6,028 4,028 3,359 21,749 (20)21,729 
Interest income8,124 2,688 1,461 18 12,291 981 13,272 
Interest expense1,508 864 735 (339)2,768 1,162 3,931 
Net interest income
6,616 1,824 725 357 9,522 (181)9,341 
Total revenues net of interest expense18,647 8,823 7,150 4,100 38,720 (177)38,544 
Provisions for credit losses1,129 733 460 14 2,336 — 2,336 
Total revenues net of interest expense after provisions for credit losses17,518 8,091 6,690 4,086 36,385 (177)36,208 
Expenses
Card Member rewards, business development and Card Member services (c)
9,350 3,980 3,234 634 17,198 14 17,212 
Marketing1,577 690 684 165 3,116 14 3,130 
Salaries and employee benefits and other operating expenses2,770 1,635 1,514 1,044 6,963 1,055 8,017 
Total expenses13,697 6,305 5,432 1,843 27,277 1,083 28,359 
Pretax income (loss)$3,821 $1,786 $1,258 $2,243 $9,108 $(1,260)$7,849 
Three Months Ended June 30, 2025
(Millions)
USCSCSICSGMNS
Total Reportable Operating Segments
Corporate & Other (a)
Consolidated
Total non-interest revenues$5,540 $3,422 $2,947 $1,758 $13,667 $2 $13,669 
Revenue from contracts with customers (b)
3,903 2,975 1,876 1,574 10,328 (7)10,321 
Interest income3,795 1,240 620 10 5,665 599 6,264 
Interest expense782 450 335 (165)1,402 675 2,077 
Net interest income3,013 790 285 175 4,263 (76)4,187 
Total revenues net of interest expense8,553 4,212 3,232 1,933 17,930 (74)17,856 
Provisions for credit losses829 360 210 5 1,404 1 1,405 
Total revenues net of interest expense after provisions for credit losses7,724 3,852 3,022 1,928 16,526 (75)16,451 
Expenses
Card Member rewards, business development and Card Member services (c)
3,967 1,790 1,452 288 7,497 11 7,508 
Marketing800 331 322 96 1,549 6 1,555 
Salaries and employee benefits and other operating expenses1,281 826 783 490 3,380 458 3,838 
Total expenses6,048 2,947 2,557 874 12,426 475 12,901 
Pretax income (loss)$1,676 $905 $465 $1,054 $4,100 $(550)$3,550 
Total assets
$113,876 $62,152 $46,500 $18,324 $240,852 $54,704 $295,556 
Six Months Ended June 30, 2025
(Millions)
USCSCSICSGMNS
Total Reportable Operating Segments
Corporate & Other (a)
Consolidated
Total non-interest revenues$10,783 $6,687 $5,593 $3,418 $26,481 $(14)$26,467 
Revenue from contracts with customers (b)
7,537 5,803 3,564 3,059 19,963 (16)19,947 
Interest income7,558 2,442 1,216 22 11,238 1,161 12,399 
Interest expense1,539 882 641 (308)2,754 1,289 4,043 
Net interest income6,019 1,560 575 330 8,484 (128)8,356 
Total revenues net of interest expense16,802 8,247 6,168 3,748 34,965 (142)34,823 
Provisions for credit losses1,460 689 402 3 2,554 1 2,555 
Total revenues net of interest expense after provisions for credit losses15,342 7,558 5,766 3,745 32,411 (143)32,268 
Expenses
Card Member rewards, business development and Card Member services (c)
7,849 3,536 2,764 571 14,720 23 14,743 
Marketing1,565 668 622 172 3,027 14 3,041 
Salaries and employee benefits and other operating expenses2,520 1,613 1,534 958 6,625 979 7,604 
Total expenses11,934 5,817 4,920 1,701 24,372 1,016 25,388 
Pretax income (loss)$3,408 $1,741 $846 $2,044 $8,039 $(1,159)$6,880 
(a)Corporate & Other includes adjustments and eliminations for intersegment activity.
(b)Includes Discount revenue and certain Service fees and other revenue from customers.
(c)Card Member rewards, Business development and Card Member services expenses are generally correlated to volumes or are variable based on usage.
v3.26.1
Basis of Presentation (Details)
ft² in Thousands, $ in Millions
 6 Months Ended
Jan. 12, 2026
USD ($)
Jun. 30, 2026
Feb. 25, 2026
USD ($)
ft²
Headquarters at 200 Greenwich Street      
Disposal Group, Including Discontinued Operations [Line Items]      
Contractual obligation (up to)     $ 2,800
Finance lease, liability     370
Finance lease, right-of-use asset, before accumulated amortization     $ 370
Headquarters at 200 Greenwich Street | Property Under Construction      
Disposal Group, Including Discontinued Operations [Line Items]      
Area of real estate property | ft²     1,950
ICS | Interest Acquired in Swisscard AECS GmbH      
Disposal Group, Including Discontinued Operations [Line Items]      
Intangible assets acquired, excluding goodwill $ 272    
Acquired finite-lived intangible assets, weighted average useful life   8 years  
Goodwill acquired during period $ 136    
v3.26.1
Card Balances and Other Loans - Summary (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Card Balances            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing receivables, gross $ 218,054   $ 213,863      
Financing receivable, reserves for credit losses 5,866 $ 6,065 6,089 $ 5,960 $ 5,740 $ 5,850
Financing receivables, net 212,188   207,774      
Card Balances | Consumer            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing receivables, gross 144,974   144,324      
Card Balances | Small Business            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing receivables, gross 56,172   53,632      
Card Balances | Corporate            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing receivables, gross 16,908   15,907      
Other Loans            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing receivables, gross 11,428   10,928      
Financing receivable, reserves for credit losses 312 $ 314 323 $ 272 $ 244 $ 194
Financing receivables, net 11,115   10,605      
Variable Interest Entity, Primary Beneficiary | Card Balances            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing receivables, gross 32,167   33,378      
Variable Interest Entity, Primary Beneficiary | Card Balances | Consumer            
Accounts, Notes, Loans and Financing Receivable [Line Items]            
Financing receivables, gross $ 32,200   $ 33,400      
v3.26.1
Card Balances and Other Loans - Aging (Details) - Card Balances - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Threshold period past due 30 days  
Financing receivables, gross $ 218,054 $ 213,863
Loans and receivables threshold period for write off 180 days  
Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross $ 144,974 144,324
Loans over 90 days past due and accruing interest 436 434
Non-accruals 390 471
Small Business    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 56,172 53,632
Loans over 90 days past due and accruing interest 136 130
Non-accruals 165 177
Corporate    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 16,908 15,907
Loans over 90 days past due and accruing interest 0 0
Non-accruals 0 0
Current | Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 143,348 142,552
Current | Small Business    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 55,442 52,870
30 to 59 Days Past Due | Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 480 529
30 to 59 Days Past Due | Small Business    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 229 255
60 to 89 Days Past Due | Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 355 392
60 to 89 Days Past Due | Small Business    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 160 168
90+ Days Past Due | Consumer    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 791 851
90+ Days Past Due | Small Business    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross 340 340
90+ Days Past Due | Corporate    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Financing receivables, gross $ 66 $ 75
v3.26.1
Card Balances and Other Loans - Aging by Origination Year (Details) - Other Loans - USD ($)
$ in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Threshold period past due 30 days  
2026/2025 $ 3,394 $ 5,545
2025/2024 3,670 2,188
2024/2023 1,348 500
2023/2022 230 46
2022/2021 26 6
Prior 55 56
Revolving Loans 2,704 2,587
Total 11,428 10,928
2026/2025, gross write-offs 1 15
2025/2024, gross write-offs 39 77
2024/2023, gross write-offs 36 47
2023/2022, gross write-offs 12 13
2022/2021, gross write-offs 1 1
Prior, gross write-offs 0 0
Revolving Loans, gross write-offs 51 88
Total gross write-offs 141 242
Financing receivable, revolving, converted to term loan 5  
Loans over 90 days past due and accruing interest $ 7 7
Loans and receivables threshold period for write off 120 days  
Non-accruals $ 18 16
Current    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026/2025 3,391 5,532
2025/2024 3,652 2,172
2024/2023 1,335 494
2023/2022 226 45
2022/2021 26 6
Prior 54 54
Revolving Loans 2,684 2,564
Total 11,369 10,867
30 to 59 Days Past Due    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026/2025 1 6
2025/2024 7 7
2024/2023 4 2
2023/2022 1 0
2022/2021 0 0
Prior 1 1
Revolving Loans 7 8
Total 21 25
60 to 89 Days Past Due    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026/2025 1 4
2025/2024 6 5
2024/2023 4 2
2023/2022 1 0
2022/2021 0 0
Prior 0 0
Revolving Loans 7 8
Total 20 19
90+ Days Past Due    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
2026/2025 0 3
2025/2024 5 5
2024/2023 4 2
2023/2022 1 0
2022/2021 0 0
Prior 1 1
Revolving Loans 6 6
Total $ 18 $ 17
v3.26.1
Card Balances and Other Loans - Credit Quality (Details)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Credit Quality Indicator for Loans and Receivables      
90+ Days Past Billing as a % of total 0.40%   0.40%
Card Balances | Consumer      
Credit Quality Indicator for Loans and Receivables      
30+ Days Past Due as a % of Total 1.10% 1.20%  
Card Balances | Small Business      
Credit Quality Indicator for Loans and Receivables      
30+ Days Past Due as a % of Total 1.30% 1.40%  
Card Balances | Net Write-Off Rate - Principal Only | Consumer      
Credit Quality Indicator for Loans and Receivables      
Net Write-Off Rate 1.90% 2.00%  
Card Balances | Net Write-Off Rate - Principal Only | Small Business      
Credit Quality Indicator for Loans and Receivables      
Net Write-Off Rate 2.30% 2.30%  
Card Balances | Net Write-Off Rate Principal Interest, and Fees | Consumer      
Credit Quality Indicator for Loans and Receivables      
Net Write-Off Rate 2.30% 2.40%  
Card Balances | Net Write-Off Rate Principal Interest, and Fees | Small Business      
Credit Quality Indicator for Loans and Receivables      
Net Write-Off Rate 2.60% 2.60%  
Card Balances | Net Write-Off Rate Principal Interest, and Fees | Corporate      
Credit Quality Indicator for Loans and Receivables      
Net Write-Off Rate 0.60% 0.50%  
Other Loans      
Credit Quality Indicator for Loans and Receivables      
30+ Days Past Due as a % of Total 0.50% 0.60%  
Other Loans | Net Write-Off Rate - Principal Only      
Credit Quality Indicator for Loans and Receivables      
Net Write-Off Rate 2.10% 2.10%  
Other Loans | Net Write-Off Rate Principal Interest, and Fees      
Credit Quality Indicator for Loans and Receivables      
Net Write-Off Rate 2.20% 2.20%  
v3.26.1
Card Balances and Other Loans - Modifications (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Financing Receivable, Modifications [Line Items]        
Maximum payment term extension     60 months  
Unused credit available $ 40 $ 38 $ 40 $ 38
Account Balances 1,005 946 1,998 1,837
Card Balances | Interest Rate Reduction | Consumer        
Financing Receivable, Modifications [Line Items]        
Account Balances $ 545 $ 520 $ 1,088 $ 1,005
% of Total Class of Financing Receivables 0.50% 0.50% 0.90% 0.90%
Weighted Average Interest Rate Reduction (% points) 18.10% 18.30% 18.10% 18.30%
Card Balances | Interest Rate Reduction | Small Business        
Financing Receivable, Modifications [Line Items]        
Account Balances $ 229 $ 205 $ 472 $ 409
% of Total Class of Financing Receivables 0.60% 0.60% 1.30% 1.20%
Weighted Average Interest Rate Reduction (% points) 18.10% 17.70% 18.10% 17.70%
Card Balances | Interest Rate Reduction | Corporate        
Financing Receivable, Modifications [Line Items]        
Account Balances $ 0 $ 0 $ 0 $ 0
% of Total Class of Financing Receivables 0.00% 0.00% 0.00% 0.00%
Weighted Average Interest Rate Reduction (% points) 0.00% 0.00% 0.00% 0.00%
Card Balances | Term Extension | Consumer        
Financing Receivable, Modifications [Line Items]        
Account Balances $ 80 $ 69 $ 135 $ 130
% of Total Class of Financing Receivables 0.30% 0.30% 0.50% 0.50%
Weighted Average Payment Term Extensions (# of months) 30 months 31 months 31 months 31 months
Card Balances | Term Extension | Small Business        
Financing Receivable, Modifications [Line Items]        
Account Balances $ 106 $ 114 $ 220 $ 225
% of Total Class of Financing Receivables 0.50% 0.60% 1.10% 1.20%
Weighted Average Payment Term Extensions (# of months) 30 months 30 months 31 months 30 months
Card Balances | Term Extension | Corporate        
Financing Receivable, Modifications [Line Items]        
Account Balances $ 12 $ 12 $ 18 $ 16
% of Total Class of Financing Receivables 0.10% 0.10% 0.10% 0.10%
Weighted Average Payment Term Extensions (# of months) 10 months 10 months 10 months 10 months
Other Loans | Interest Rate Reduction and Term Extension        
Financing Receivable, Modifications [Line Items]        
Account Balances $ 21 $ 17 $ 41 $ 32
% of Total Class of Financing Receivables 0.20% 0.20% 0.40% 0.30%
Weighted Average Interest Rate Reduction (% points) 3.80% 3.30% 3.80% 3.20%
Weighted Average Payment Term Extensions (# of months) 21 months 21 months 21 months 21 months
Other Loans | Term Extension        
Financing Receivable, Modifications [Line Items]        
Account Balances $ 12 $ 9 $ 23 $ 20
% of Total Class of Financing Receivables 0.10% 0.10% 0.20% 0.20%
Weighted Average Interest Rate Reduction (% points) 0.00% 0.00% 0.00% 0.00%
Weighted Average Payment Term Extensions (# of months) 18 months 17 months 18 months 17 months
v3.26.1
Card Balances and Other Loans - Modifications Subsequently Defaulted (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default $ 80 $ 83 $ 109 $ 114
Interest Rate Reduction and Term Extension        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 2 2 2 2
Interest Rate Reduction        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 64 66 89 91
Term Extension        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 14 15 18 21
Card Balances | Consumer        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 46 50 63 68
Card Balances | Small Business        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 31 30 42 43
Card Balances | Corporate        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 1 1 1 1
Card Balances | Interest Rate Reduction and Term Extension | Consumer        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 0 0 0 0
Card Balances | Interest Rate Reduction and Term Extension | Small Business        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 0 0 0 0
Card Balances | Interest Rate Reduction and Term Extension | Corporate        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 0 0 0 0
Card Balances | Interest Rate Reduction | Consumer        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 42 45 58 62
Card Balances | Interest Rate Reduction | Small Business        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 22 21 30 29
Card Balances | Interest Rate Reduction | Corporate        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 0 0 0 0
Card Balances | Term Extension | Consumer        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 4 5 5 6
Card Balances | Term Extension | Small Business        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 9 9 12 14
Card Balances | Term Extension | Corporate        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 1 1 1 1
Other Loans        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 2 2 2 2
Other Loans | Interest Rate Reduction and Term Extension        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 2 2 2 2
Other Loans | Interest Rate Reduction        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default 0 0 0 0
Other Loans | Term Extension        
Financing Receivable, Modifications [Line Items]        
Account balance, modified and subsequent default $ 0 $ 0 $ 0 $ 0
v3.26.1
Card Balances and Other Loans - Performance (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Jun. 30, 2025
Current    
Financing Receivable, Modifications [Line Items]    
Account balances $ 3,105 $ 2,839
30-89 Days Past Due    
Financing Receivable, Modifications [Line Items]    
Account balances 201 205
90+ Days Past Due    
Financing Receivable, Modifications [Line Items]    
Account balances 82 82
Card Balances | Current | Consumer    
Financing Receivable, Modifications [Line Items]    
Account balances 1,971 1,810
Card Balances | Current | Small Business    
Financing Receivable, Modifications [Line Items]    
Account balances 1,023 939
Card Balances | Current | Corporate    
Financing Receivable, Modifications [Line Items]    
Account balances 17 12
Card Balances | 30-89 Days Past Due | Consumer    
Financing Receivable, Modifications [Line Items]    
Account balances 111 113
Card Balances | 30-89 Days Past Due | Small Business    
Financing Receivable, Modifications [Line Items]    
Account balances 83 84
Card Balances | 30-89 Days Past Due | Corporate    
Financing Receivable, Modifications [Line Items]    
Account balances 3 3
Card Balances | 90+ Days Past Due | Consumer    
Financing Receivable, Modifications [Line Items]    
Account balances 47 45
Card Balances | 90+ Days Past Due | Small Business    
Financing Receivable, Modifications [Line Items]    
Account balances 32 32
Card Balances | 90+ Days Past Due | Corporate    
Financing Receivable, Modifications [Line Items]    
Account balances 1 3
Other Loans | Current    
Financing Receivable, Modifications [Line Items]    
Account balances 95 78
Other Loans | 30-89 Days Past Due    
Financing Receivable, Modifications [Line Items]    
Account balances 5 5
Other Loans | 90+ Days Past Due    
Financing Receivable, Modifications [Line Items]    
Account balances $ 2 $ 2
v3.26.1
Reserves for Credit Losses - Narrative (Details)
Jun. 30, 2026
Financing Receivable, Past Due [Line Items]  
CECL reasonable and supportable period 3 years
Pay in full loans  
Financing Receivable, Past Due [Line Items]  
Loans and receivables threshold period for write off 180 days
Revolving loans  
Financing Receivable, Past Due [Line Items]  
Loans and receivables threshold period for write off 180 days
Term loans  
Financing Receivable, Past Due [Line Items]  
Loans and receivables threshold period for write off 120 days
v3.26.1
Reserves for Credit Losses - Key Variables (Details)
Jun. 30, 2026
Dec. 31, 2025
U.S. Unemployment Rate | Minimum | Second quarter of 2026    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.04 0.04
U.S. Unemployment Rate | Minimum | Fourth quarter of 2026    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.04 0.04
U.S. Unemployment Rate | Minimum | Fourth quarter of 2027    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.04 0.04
U.S. Unemployment Rate | Minimum | Fourth quarter of 2028    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.04 0.04
U.S. Unemployment Rate | Maximum | Second quarter of 2026    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.06 0.07
U.S. Unemployment Rate | Maximum | Fourth quarter of 2026    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.08 0.08
U.S. Unemployment Rate | Maximum | Fourth quarter of 2027    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.08 0.08
U.S. Unemployment Rate | Maximum | Fourth quarter of 2028    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.07 0.06
U.S. GDP Growth (Contraction) | Fourth quarter of 2027    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input   0.02
U.S. GDP Growth (Contraction) | Minimum | Second quarter of 2026    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input (0.03) (0.03)
U.S. GDP Growth (Contraction) | Minimum | Fourth quarter of 2026    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input (0.04) 0.005
U.S. GDP Growth (Contraction) | Minimum | Fourth quarter of 2027    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.02  
U.S. GDP Growth (Contraction) | Minimum | Fourth quarter of 2028    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.02 0.02
U.S. GDP Growth (Contraction) | Maximum | Second quarter of 2026    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.05 0.03
U.S. GDP Growth (Contraction) | Maximum | Fourth quarter of 2026    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.03 0.03
U.S. GDP Growth (Contraction) | Maximum | Fourth quarter of 2027    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.03  
U.S. GDP Growth (Contraction) | Maximum | Fourth quarter of 2028    
Financing Receivable, Allowance for Credit Loss [Line Items]    
Financing receivable, reserves for credit losses, measurement input 0.03 0.04
v3.26.1
Reserves for Credit Losses - Changes in Loan Reserve (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Provisions $ 1,084 $ 1,405 $ 2,336 $ 2,555  
Card Balances          
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Beginning reserves 6,065 5,740 6,089 5,850 $ 5,850
Provisions 1,017 1,320 2,204 2,367  
Net write-offs (1,207) (1,122) (2,420) (2,287)  
Other (9) 22 (8) 30  
Ending reserves 5,866 5,960 5,866 5,960 $ 6,089
Recoveries $ 416 $ 316 $ 768 $ 609  
v3.26.1
Reserves for Credit Losses - Changes in Other Loan Reserve (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Provisions for credit losses $ 1,084 $ 1,405 $ 2,336 $ 2,555  
Other Loans          
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Beginning reserves 314 244 323 194 $ 194
Provisions for credit losses 62 78 111 183  
Net write-offs     (141)   (242)
Other 0 1 0 1  
Ending reserves 312 272 312 272 $ 323
Other Loans | Principal          
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Net write-offs (61) (48) (115) (101)  
Recoveries 11 8 20 15  
Other Loans | Interest and fees          
Financing Receivable, Allowance for Credit Loss [Roll Forward]          
Net write-offs $ (3) $ (3) $ (6) $ (5)  
v3.26.1
Investment Securities - Summary (Details) - USD ($)
$ in Millions
 6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Debt Securities, Available-for-Sale [Line Items]    
Accrued interest available-for-sale debt securities $ 27 $ 3
Debt securities    
Cost 4,056  
Estimated Fair Value 4,029  
Equity securities    
Cost 53 54
Gross Unrealized Gains 0 0
Gross Unrealized Losses (9) (8)
Estimated Fair Value 45 46
Total Cost 4,110 1,056
Total Gross Unrealized Gains 2 2
Total Gross Unrealized Losses (38) (16)
Total Estimated Fair Value 4,073 1,043
State and municipal obligations    
Debt securities    
Cost 53 54
Gross Unrealized Gains 1 1
Gross Unrealized Losses (7) (7)
Estimated Fair Value 47 48
U.S. Government agency obligations    
Debt securities    
Cost 3 3
Gross Unrealized Gains 0 0
Gross Unrealized Losses 0 0
Estimated Fair Value 3 3
U.S. Government treasury obligations    
Debt securities    
Cost 3,120 138
Gross Unrealized Gains 0 1
Gross Unrealized Losses (21) 0
Estimated Fair Value 3,099 138
Mortgage-backed securities    
Debt securities    
Cost 9 10
Gross Unrealized Gains 0 0
Gross Unrealized Losses 0 0
Estimated Fair Value 9 9
Foreign government bonds and obligations    
Debt securities    
Cost 790 717
Gross Unrealized Gains 1 0
Gross Unrealized Losses 0 0
Estimated Fair Value 791 717
Other    
Debt securities    
Cost 81 81
Gross Unrealized Gains 0 0
Gross Unrealized Losses 0 0
Estimated Fair Value $ 81 $ 81
v3.26.1
Investment Securities - Gross Unrealized Losses (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Estimated Fair Value    
Less than 12 months $ 2,533 $ 0
12 months or more 25 26
Gross Unrealized Losses    
Less than 12 months (21) 0
12 months or more (7) (7)
State and municipal obligations    
Estimated Fair Value    
Less than 12 months 0 0
12 months or more 25 26
Gross Unrealized Losses    
Less than 12 months 0 0
12 months or more (7) (7)
U.S. Government treasury obligations    
Estimated Fair Value    
Less than 12 months 2,533 0
12 months or more 0 0
Gross Unrealized Losses    
Less than 12 months (21) 0
12 months or more $ 0 $ 0
v3.26.1
Investment Securities - Contractual Maturities (Details)
$ in Millions
Jun. 30, 2026
USD ($)
Debt Securities, Available-for-Sale, Amortized Cost, Fiscal Year Maturity [Abstract]  
Due in 1 year or less $ 874
Due after 1 year through 5 years 3,133
Due after 5 years through 10 years 7
Due after 10 years 43
Total 4,056
Debt Securities, Available-for-Sale, Fair Value, Fiscal Year Maturity [Abstract]  
Due in 1 year or less 874
Due after 1 year through 5 years 3,113
Due after 5 years through 10 years 7
Due after 10 years 35
Total $ 4,029
v3.26.1
Asset Securitizations (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Assets from Trusts [Line Items]    
Restricted cash and cash equivalents $ 165 $ 169
American Express Lending Trust    
Assets from Trusts [Line Items]    
Direct and Indirect ownership of variable interests 14,900 14,900
Restricted cash and cash equivalents 78 84
American Express Charge Trust    
Assets from Trusts [Line Items]    
Direct and Indirect ownership of variable interests 5,800 5,700
Restricted cash and cash equivalents $ 0 $ 0
v3.26.1
Customer Deposits - Categorized as Interest or Non-interest Bearing (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
U.S.:    
Interest-bearing $ 155,845 $ 151,425
Non-interest-bearing (includes Card Member credit balances of: 2026, $507; 2025, $556) 549 606
Non-U.S.:    
Interest-bearing 18 18
Non-interest-bearing (includes Card Member credit balances of: 2026, $558; 2025, $436) 560 439
Total customer deposits 156,973 152,488
Card Member Credit Balances    
U.S.:    
Non-interest-bearing (includes Card Member credit balances of: 2026, $507; 2025, $556) 507 556
Non-U.S.:    
Non-interest-bearing (includes Card Member credit balances of: 2026, $558; 2025, $436) $ 558 $ 436
v3.26.1
Customer Deposits - By Deposit Type (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
U.S. interest-bearing deposits:    
Savings accounts $ 120,356 $ 116,867
Checking accounts 3,498 2,965
Certificates of deposit:    
Direct 8,411 5,979
Third-party (brokered) 9,287 9,919
Sweep accounts – Third-party (brokered) 14,293 15,696
Total U.S. interest-bearing deposits 155,845 151,425
Other deposits 64 71
Total customer deposits 156,973 152,488
Card Member Credit Balances    
Certificates of deposit:    
Card Member credit balances $ 1,064 $ 992
v3.26.1
Customer Deposits - Scheduled Maturities (Details)
$ in Millions
Jun. 30, 2026
USD ($)
Time Deposits By Maturity  
2026 $ 3,683
2027 8,577
2028 2,891
2029 672
2030 1,880
Thereafter 8
Total 17,711
Non-U.S. direct certificates of deposit $ 12
v3.26.1
Customer Deposits - Narrative (Details) - USD ($)
$ in Billions
Jun. 30, 2026
Dec. 31, 2025
Deposits [Abstract]    
Certificates of deposit that met or exceeded the insured limit $ 2.8 $ 2.0
v3.26.1
Contingencies (Details)
 1 Months Ended
Oct. 16, 2025
USD ($)
Aug. 31, 2025
USD ($)
Jun. 30, 2026
USD ($)
state
Minimum      
Loss Contingencies [Line Items]      
Range of possible loss, in excess of accruals     $ 0
Maximum      
Loss Contingencies [Line Items]      
Range of possible loss, in excess of accruals     $ 260,000,000
Violation of Federal Antitrust Law and Consumer Laws Class Action Case | David Moskowitz, et al.      
Loss Contingencies [Line Items]      
Number of states with remaining claims | state     8
Violation of Federal Antitrust Law and Consumer Laws Class Action Case | David Moskowitz, etal      
Loss Contingencies [Line Items]      
Number of states with remaining claims | state     2
Violation of Federal Antitrust Law and Consumer Laws Class Action Case | Settled Litigation | David Moskowitz, et al.      
Loss Contingencies [Line Items]      
Damages awarded   $ 12,500,000  
Kabbage Acquisition | KServicing Wind Down Corp.      
Loss Contingencies [Line Items]      
Loss contingency, damages sought $ 746,000,000    
v3.26.1
Derivatives and Hedging Activities - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Derivatives, Fair Value [Line Items]          
Derivative credit risk valuation adjustment, derivative assets $ 0   $ 0   $ 0
Derivative credit risk valuation adjustment, derivative liabilities 0   0   0
Margin on interest rate swaps 753   753   756
Carrying values of hedged liabilities 38,800   38,800   37,000
Cumulative amount of fair value hedging adjustment 226   226   (366)
Net increase (decrease) in interest expense on long term debt and other (15) $ 29 (31) $ 41  
Fair Value Hedges | Fixed-Rate Debt Obligations          
Derivatives, Fair Value [Line Items]          
Derivative, amount of hedged item 39,200   39,200   36,700
Net Investment Hedges          
Derivatives, Fair Value [Line Items]          
Notional amount of derivatives 17,600   17,600   16,300
Gains (losses) on net investment hedges, net of taxes 47 (551) 52 (749)  
Reclassifications out of AOCI 0 0 0 0  
Foreign Exchange Contract | Not Designated as Hedging Instrument          
Derivatives, Fair Value [Line Items]          
Notional amount of derivatives 35,200   35,200   39,000
Foreign Exchange Contract | Not Designated as Hedging Instrument | Income Statement Location [Axis]: us-gaap:OtherNoninterestExpense          
Derivatives, Fair Value [Line Items]          
Gains in changes in fair value of derivatives not designated as hedges 26 4 42 19  
Embedded Derivative | Not Designated as Hedging Instrument          
Derivatives, Fair Value [Line Items]          
Notional amount of derivatives 78   78   $ 78
Embedded Derivative | Not Designated as Hedging Instrument | Income Statement Location [Axis]: us-gaap:NoninterestIncome          
Derivatives, Fair Value [Line Items]          
Losses on embedded derivatives $ 1 $ 7 $ 10 $ 24  
v3.26.1
Derivatives and Hedging Activities - Derivatives Summary (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Derivatives, Fair Value [Line Items]    
Derivative, gross, assets $ 832 $ 174
Derivatives, gross, liabilities 172 1,120
Derivative asset and derivative liability netting, assets (130) (151)
Derivative asset and derivative liability netting, liabilities (130) (151)
Cash collateral netting, assets (28) (1)
Cash collateral netting, liabilities 0 (9)
Total derivatives assets, net 674 22
Total derivatives liabilities, net 43 961
Balance Sheet Location [Axis]: us-gaap:OtherAssets | Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Derivative, gross, assets 287 26
Balance Sheet Location [Axis]: us-gaap:OtherAssets | Interest Rate Contract | Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Derivative, gross, assets 0 0
Balance Sheet Location [Axis]: us-gaap:OtherAssets | Foreign Exchange Contract | Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Derivative, gross, assets 287 26
Balance Sheet Location [Axis]: us-gaap:OtherAssets | Foreign Exchange Contract | Not Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Derivative, gross, assets 545 148
Balance Sheet Location [Axis]: us-gaap:OtherLiabilities | Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Derivatives, gross, liabilities 52 702
Balance Sheet Location [Axis]: us-gaap:OtherLiabilities | Interest Rate Contract | Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Derivatives, gross, liabilities 0 4
Balance Sheet Location [Axis]: us-gaap:OtherLiabilities | Foreign Exchange Contract | Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Derivatives, gross, liabilities 52 699
Balance Sheet Location [Axis]: us-gaap:OtherLiabilities | Foreign Exchange Contract | Not Designated as Hedging Instrument    
Derivatives, Fair Value [Line Items]    
Derivatives, gross, liabilities $ 120 $ 418
v3.26.1
Derivatives and Hedging Activities - Gains and Losses (Details) - Interest Rate Contract - Fair Value Hedges - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Derivative Instruments, Gain (Loss) [Line Items]        
Fixed-rate long-term debt $ 370 $ (137) $ 592 $ (400)
Derivatives designated as hedging instruments (370) 137 (592) 400
Total $ 0 $ 0 $ 0 $ 0
v3.26.1
Fair Values - Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investment securities:    
Equity securities $ 45 $ 46
Debt securities 4,029  
Derivative, gross, assets 832 174
Liabilities    
Derivatives, gross, liabilities 172 1,120
Fair Value, Recurring    
Investment securities:    
Equity securities 45 46
Debt securities 4,029 997
Derivative, gross, assets 832 174
Total Assets 4,905 1,216
Liabilities    
Derivatives, gross, liabilities 172 1,120
Total Liabilities 172 1,120
Level 1 | Fair Value, Recurring    
Investment securities:    
Equity securities 45 46
Debt securities 0 0
Derivative, gross, assets 0 0
Total Assets 45 46
Liabilities    
Derivatives, gross, liabilities 0 0
Total Liabilities 0 0
Level 2 | Fair Value, Recurring    
Investment securities:    
Equity securities 0 0
Debt securities 3,948 916
Derivative, gross, assets 832 164
Total Assets 4,780 1,080
Liabilities    
Derivatives, gross, liabilities 172 1,120
Total Liabilities 172 1,120
Level 3 | Fair Value, Recurring    
Investment securities:    
Equity securities 0 0
Debt securities 81 81
Derivative, gross, assets 0 10
Total Assets 81 91
Liabilities    
Derivatives, gross, liabilities 0 0
Total Liabilities $ 0 $ 0
v3.26.1
Fair Values - Not Measured at Fair Value on a Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Card Balances    
Fair Values (Textuals)    
Financing receivables, gross $ 218,054 $ 213,863
Variable Interest Entity, Primary Beneficiary | Card Balances    
Fair Values (Textuals)    
Financing receivables, gross 32,167 33,378
Carrying Value    
Financial assets for which carrying values equal or approximate fair value    
Cash and cash equivalents 45,000 48,000
Other financial assets 4,000 4,000
Financial Liabilities:    
Financial liabilities for which carrying values equal or approximate fair value 170,000 166,000
Financial liabilities carried at other than fair value    
Long-term debt 57,000 56,000
Fair Values (Textuals)    
Long-term debt 57,000 56,000
Carrying Value | Card Balances and Other Loans    
Financial assets carried at other than fair value    
Card Member and Other loans, less reserves 223,000 218,000
Carrying Value | Card Member Loans, Held-for-Sale    
Financial assets carried at other than fair value    
Card balances HFS 2,000 2,000
Carrying Value | Certificates of Deposit    
Financial liabilities carried at other than fair value    
Financial liabilities 18,000 16,000
Corresponding Fair Value Amount    
Financial assets for which carrying values equal or approximate fair value    
Cash and cash equivalents 45,000 48,000
Other financial assets 4,000 4,000
Financial Liabilities:    
Financial liabilities for which carrying values equal or approximate fair value 170,000 166,000
Corresponding Fair Value Amount | Level 1    
Financial assets for which carrying values equal or approximate fair value    
Cash and cash equivalents 44,000 46,000
Other financial assets 0 0
Financial Liabilities:    
Financial liabilities for which carrying values equal or approximate fair value 0 0
Corresponding Fair Value Amount | Level 2    
Financial assets for which carrying values equal or approximate fair value    
Cash and cash equivalents 1,000 2,000
Other financial assets 4,000 4,000
Financial Liabilities:    
Financial liabilities for which carrying values equal or approximate fair value 170,000 166,000
Corresponding Fair Value Amount | Level 3    
Financial assets for which carrying values equal or approximate fair value    
Cash and cash equivalents 0 0
Other financial assets 0 0
Financial Liabilities:    
Financial liabilities for which carrying values equal or approximate fair value 0 0
Portion at Other than Fair Value Measurement    
Financial liabilities carried at other than fair value    
Long-term debt 58,000 57,000
Fair Values (Textuals)    
Long-term debt 58,000 57,000
Portion at Other than Fair Value Measurement | Card Balances and Other Loans    
Financial assets carried at other than fair value    
Card Member and Other loans, less reserves 228,000 224,000
Portion at Other than Fair Value Measurement | Card Member Loans, Held-for-Sale    
Financial assets carried at other than fair value    
Card balances HFS 2,000 2,000
Portion at Other than Fair Value Measurement | Variable Interest Entity, Primary Beneficiary    
Financial liabilities carried at other than fair value    
Long-term debt 11,900 13,300
Fair Values (Textuals)    
Long-term debt 11,900 13,300
Portion at Other than Fair Value Measurement | Variable Interest Entity, Primary Beneficiary | Card Balances    
Fair Values (Textuals)    
Financing receivables, gross 32,000 33,200
Portion at Other than Fair Value Measurement | Certificates of Deposit    
Financial liabilities carried at other than fair value    
Financial liabilities 18,000 16,000
Portion at Other than Fair Value Measurement | Level 1    
Financial liabilities carried at other than fair value    
Long-term debt 0 0
Fair Values (Textuals)    
Long-term debt 0 0
Portion at Other than Fair Value Measurement | Level 1 | Card Balances and Other Loans    
Financial assets carried at other than fair value    
Card Member and Other loans, less reserves 0 0
Portion at Other than Fair Value Measurement | Level 1 | Card Member Loans, Held-for-Sale    
Financial assets carried at other than fair value    
Card balances HFS 0 0
Portion at Other than Fair Value Measurement | Level 1 | Certificates of Deposit    
Financial liabilities carried at other than fair value    
Financial liabilities 0 0
Portion at Other than Fair Value Measurement | Level 2    
Financial liabilities carried at other than fair value    
Long-term debt 58,000 57,000
Fair Values (Textuals)    
Long-term debt 58,000 57,000
Portion at Other than Fair Value Measurement | Level 2 | Card Balances and Other Loans    
Financial assets carried at other than fair value    
Card Member and Other loans, less reserves 0 0
Portion at Other than Fair Value Measurement | Level 2 | Card Member Loans, Held-for-Sale    
Financial assets carried at other than fair value    
Card balances HFS 0 0
Portion at Other than Fair Value Measurement | Level 2 | Certificates of Deposit    
Financial liabilities carried at other than fair value    
Financial liabilities 18,000 16,000
Portion at Other than Fair Value Measurement | Level 3    
Financial liabilities carried at other than fair value    
Long-term debt 0 0
Fair Values (Textuals)    
Long-term debt 0 0
Portion at Other than Fair Value Measurement | Level 3 | Card Balances and Other Loans    
Financial assets carried at other than fair value    
Card Member and Other loans, less reserves 228,000 224,000
Portion at Other than Fair Value Measurement | Level 3 | Card Member Loans, Held-for-Sale    
Financial assets carried at other than fair value    
Card balances HFS 2,000 2,000
Portion at Other than Fair Value Measurement | Level 3 | Certificates of Deposit    
Financial liabilities carried at other than fair value    
Financial liabilities $ 0 $ 0
v3.26.1
Fair Values - Narrative (Details) - Fair Value, Nonrecurring - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Carrying value of equity securities without readily determinable fair values $ 1,400   $ 1,400   $ 1,100
Net upward adjustments of equity securities without readily determinable fair values 278 $ 91 300 $ 91  
Net downward adjustments of equity securities without readily determinable fair values 3 $ 0 13 $ 38  
Cumulative net unrealized gains for equity investments without readily determinable fair values 1,500   1,500    
Cumulative net unrealized losses for equity investments without readily determinable fair values 500   500    
Level 3          
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]          
Carrying value of equity securities without readily determinable fair values $ 800   $ 800   $ 500
v3.26.1
Changes in Accumulated Other Comprehensive Income (Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning Balance $ 33,995 $ 31,202 $ 33,474 $ 30,264
Net Change (44) 118 (78) 147
Ending Balance 34,280 32,311 34,280 32,311
Tax impact for the changes in each component of accumulated other comprehensive (loss) income        
Tax expense (benefit) 9 (143) 11 (204)
Accumulated other comprehensive income (loss)        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning Balance (3,311) (3,366) (3,277) (3,395)
Net Change (44) 118 (78) 147
Ending Balance (3,355) (3,248) (3,355) (3,248)
Net unrealized gains (losses) on debt securities        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning Balance (11) (6) (4) (9)
Net Change (11) 0 (18) 3
Ending Balance (22) (6) (22) (6)
Tax impact for the changes in each component of accumulated other comprehensive (loss) income        
Tax expense (benefit) (3) 0 (4) 0
Foreign Currency Translation Adjustment Gains (Losses), net of hedges        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning Balance (2,805) (2,907) (2,783) (2,924)
Net Change (37) 115 (59) 132
Ending Balance (2,842) (2,792) (2,842) (2,792)
Tax impact for the changes in each component of accumulated other comprehensive (loss) income        
Tax expense (benefit) 9 (137) 0 (197)
Net unrealized pension and other postretirement benefit gains (losses)        
AOCI Attributable to Parent, Net of Tax [Roll Forward]        
Beginning Balance (495) (453) (490) (462)
Net Change 4 3 (1) 12
Ending Balance (491) (450) (491) (450)
Tax impact for the changes in each component of accumulated other comprehensive (loss) income        
Tax expense (benefit) $ 3 $ (6) $ 15 $ (7)
v3.26.1
Changes in Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]        
Reclassifications out of AOCI $ 0 $ 0 $ 0 $ 0
v3.26.1
Service Fees and Other Revenue and Other Expenses - Service Fees and Other Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Non Interest Income [Line Items]        
Total Service fees and other revenue $ 14,988 $ 13,669 $ 29,203 $ 26,467
Service fees and other revenue        
Non Interest Income [Line Items]        
Foreign currency-related revenue 486 435 966 817
Network partnership revenue 480 438 929 846
Loyalty coalition, merchant and other service fees 448 407 912 843
Delinquency fees 249 238 504 475
Travel commissions and fees 176 148 326 284
Other fees and revenues 124 162 277 285
Total Service fees and other revenue $ 1,963 $ 1,828 $ 3,914 $ 3,550
v3.26.1
Service Fees and Other Revenue and Other Expenses - Other Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Service Fees and Other Revenue and Other Expenses [Abstract]        
Data processing and equipment $ 817 $ 720 $ 1,584 $ 1,425
Professional services 622 591 1,167 1,132
Other 294 375 440 775
Total Other expenses $ 1,733 $ 1,686 $ 3,191 $ 3,332
v3.26.1
Income Taxes - Narrative (Details) - USD ($)
$ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Dec. 31, 2024
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Tax Contingency [Line Items]          
Effective tax rates   23.60% 18.70% 22.50% 20.50%
Tax credit investments   $ 1,834 $ 1,697 $ 1,834 $ 1,697
Internal Revenue Service (IRS)          
Income Tax Contingency [Line Items]          
Additional estimated federal income tax payment $ 185        
Internal Revenue Service (IRS) | Penalties          
Income Tax Contingency [Line Items]          
Additional estimated federal income tax payment $ 50        
v3.26.1
Income Taxes - Tax Credit Investments Expenses and Related Income Tax Credits and Other Tax Benefits (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Tax Disclosure [Abstract]        
Proportional amortization recognized in tax provision $ (65) $ (58) $ (131) $ (115)
Income tax credits and Other income tax benefits recognized in tax provision $ 87 $ 73 $ 163 $ 139
v3.26.1
Earnings Per Common Share (EPS) (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Basic and diluted:        
Net income $ 3,110 $ 2,885 $ 6,082 $ 5,469
Preferred dividends (15) (15) (29) (29)
Net income available to common shareholders 3,096 2,870 6,053 5,440
Earnings allocated to participating share awards (20) (18) (39) (36)
Net income attributable to common shareholders, basic 3,076 2,852 6,014 5,404
Net income attributable to common shareholders, diluted $ 3,076 $ 2,852 $ 6,014 $ 5,404
Denominator:        
Basic: Weighted-average common stock (in shares) 678.0 698.0 681.0 700.0
Add: Weighted-average stock options (in shares) 1.0 1.0 1.0 1.0
Diluted (in shares) 679.0 699.0 682.0 701.0
Basic EPS (in dollars per share) $ 4.54 [1] $ 4.08 [1] $ 8.83 [2] $ 7.73 [2]
Diluted EPS (in dollars per share) $ 4.53 [1] $ 4.08 [1] $ 8.81 [2] $ 7.71 [2]
Stock Option        
Denominator:        
The dilutive effect of securities excluded from the calculation of earnings per share (in shares) 0.0 0.2 0.0 0.1
[1] Reflects net income less (i) earnings allocated to participating share awards of $20 million and $18 million for the three months ended June 30, 2026 and 2025, respectively, and (ii) dividends on preferred shares of $15 million for both the three months ended June 30, 2026 and 2025.
[2] Represents net income less (i) earnings allocated to participating share awards of $39 million and $36 million for the six months ended June 30, 2026 and 2025, respectively, and (ii) dividends on preferred shares of $29 million for both the six months ended June 30, 2026 and 2025.
v3.26.1
Reportable Operating Segments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Segment Reporting [Line Items]          
Number of reportable segments not disclosed flag     segments    
Total non-interest revenues $ 14,988 $ 13,669 $ 29,203 $ 26,467  
Revenue from contracts with customers 11,212 10,321 21,729 19,947  
Interest income 6,607 6,264 13,272 12,399  
Interest expense 1,958 2,077 3,931 4,043  
Net interest income 4,649 4,187 9,341 8,356  
Total revenues net of interest expense 19,637 17,856 38,544 34,823  
Provisions for credit losses 1,084 1,405 2,336 2,555  
Total revenues net of interest expense after provisions for credit losses 18,553 16,451 36,208 32,268  
Card Member rewards, business development and Card Member services 8,755 7,508 17,212 14,743  
Marketing 1,650 1,555 3,130 3,041  
Salaries and employee benefits and other operating expenses 4,077 3,838 8,017 7,604  
Total expenses 14,482 12,901 28,359 25,388  
Pretax income 4,071 3,550 7,849 6,880  
Total assets 308,203 295,556 308,203 295,556 $ 300,052
Operating Segments          
Segment Reporting [Line Items]          
Total non-interest revenues 15,000 13,667 29,198 26,481  
Revenue from contracts with customers 11,222 10,328 21,749 19,963  
Interest income 6,136 5,665 12,291 11,238  
Interest expense 1,395 1,402 2,768 2,754  
Net interest income 4,743 4,263 9,522 8,484  
Total revenues net of interest expense 19,742 17,930 38,720 34,965  
Provisions for credit losses 1,084 1,404 2,336 2,554  
Total revenues net of interest expense after provisions for credit losses 18,656 16,526 36,385 32,411  
Card Member rewards, business development and Card Member services 8,750 7,497 17,198 14,720  
Marketing 1,644 1,549 3,116 3,027  
Salaries and employee benefits and other operating expenses 3,623 3,380 6,963 6,625  
Total expenses 14,017 12,426 27,277 24,372  
Pretax income 4,640 4,100 9,108 8,039  
Total assets 260,663 240,852 260,663 240,852  
Corporate and Other          
Segment Reporting [Line Items]          
Total non-interest revenues (11) 2 4 (14)  
Revenue from contracts with customers (10) (7) (20) (16)  
Interest income 471 599 981 1,161  
Interest expense 564 675 1,162 1,289  
Net interest income (93) (76) (181) (128)  
Total revenues net of interest expense (104) (74) (177) (142)  
Provisions for credit losses 0 1 0 1  
Total revenues net of interest expense after provisions for credit losses (104) (75) (177) (143)  
Card Member rewards, business development and Card Member services 5 11 14 23  
Marketing 7 6 14 14  
Salaries and employee benefits and other operating expenses 453 458 1,055 979  
Total expenses 465 475 1,083 1,016  
Pretax income (569) (550) (1,260) (1,159)  
Total assets 47,540 54,704 47,540 54,704  
USCS | Operating Segments          
Segment Reporting [Line Items]          
Total non-interest revenues 6,229 5,540 12,031 10,783  
Revenue from contracts with customers 4,346 3,903 8,334 7,537  
Interest income 4,052 3,795 8,124 7,558  
Interest expense 757 782 1,508 1,539  
Net interest income 3,295 3,013 6,616 6,019  
Total revenues net of interest expense 9,524 8,553 18,647 16,802  
Provisions for credit losses 498 829 1,129 1,460  
Total revenues net of interest expense after provisions for credit losses 9,025 7,724 17,518 15,342  
Card Member rewards, business development and Card Member services 4,745 3,967 9,350 7,849  
Marketing 813 800 1,577 1,565  
Salaries and employee benefits and other operating expenses 1,403 1,281 2,770 2,520  
Total expenses 6,961 6,048 13,697 11,934  
Pretax income 2,065 1,676 3,821 3,408  
Total assets 123,404 113,876 123,404 113,876  
CS | Operating Segments          
Segment Reporting [Line Items]          
Total non-interest revenues 3,591 3,422 6,999 6,687  
Revenue from contracts with customers 3,097 2,975 6,028 5,803  
Interest income 1,343 1,240 2,688 2,442  
Interest expense 432 450 864 882  
Net interest income 912 790 1,824 1,560  
Total revenues net of interest expense 4,503 4,212 8,823 8,247  
Provisions for credit losses 353 360 733 689  
Total revenues net of interest expense after provisions for credit losses 4,149 3,852 8,091 7,558  
Card Member rewards, business development and Card Member services 1,994 1,790 3,980 3,536  
Marketing 379 331 690 668  
Salaries and employee benefits and other operating expenses 806 826 1,635 1,613  
Total expenses 3,179 2,947 6,305 5,817  
Pretax income 970 905 1,786 1,741  
Total assets 65,567 62,152 65,567 62,152  
ICS | Operating Segments          
Segment Reporting [Line Items]          
Total non-interest revenues 3,261 2,947 6,425 5,593  
Revenue from contracts with customers 2,051 1,876 4,028 3,564  
Interest income 733 620 1,461 1,216  
Interest expense 375 335 735 641  
Net interest income 358 285 725 575  
Total revenues net of interest expense 3,619 3,232 7,150 6,168  
Provisions for credit losses 223 210 460 402  
Total revenues net of interest expense after provisions for credit losses 3,396 3,022 6,690 5,766  
Card Member rewards, business development and Card Member services 1,683 1,452 3,234 2,764  
Marketing 352 322 684 622  
Salaries and employee benefits and other operating expenses 884 783 1,514 1,534  
Total expenses 2,919 2,557 5,432 4,920  
Pretax income 477 465 1,258 846  
Total assets 52,291 46,500 52,291 46,500  
GMNS | Operating Segments          
Segment Reporting [Line Items]          
Total non-interest revenues 1,919 1,758 3,743 3,418  
Revenue from contracts with customers 1,728 1,574 3,359 3,059  
Interest income 8 10 18 22  
Interest expense (169) (165) (339) (308)  
Net interest income 178 175 357 330  
Total revenues net of interest expense 2,096 1,933 4,100 3,748  
Provisions for credit losses 10 5 14 3  
Total revenues net of interest expense after provisions for credit losses 2,086 1,928 4,086 3,745  
Card Member rewards, business development and Card Member services 328 288 634 571  
Marketing 100 96 165 172  
Salaries and employee benefits and other operating expenses 530 490 1,044 958  
Total expenses 958 874 1,843 1,701  
Pretax income 1,128 1,054 2,243 2,044  
Total assets $ 19,401 $ 18,324 $ 19,401 $ 18,324