Oct 30, 2:00 PM ET
American Express issued $3.0 billion of senior notes on October 30, 2026, in three tranches: $1.5 billion of 5.447% fixed-to-floating notes due 2030, $1.15 billion of 5.817% fixed-to-floating notes due 2034, and $350 million of floating rate notes due 2030. The notes were sold under a prospectus supplement dated October 26, 2026 and an existing senior indenture, so the filing reports routine debt financing rather than a change in operations. The filing does not state how the proceeds will be used.
- Total principal issued: $3.0 billion across three tranches dated October 30, 2026
- $1.5 billion of 5.447% fixed-to-floating rate notes due October 30, 2030
- $1.15 billion of 5.817% fixed-to-floating rate notes due October 27, 2034, plus $350 million of floating rate notes due October 30, 2030
Read the filing on SEC.gov ↗
Oct 23, 7:00 AM ET
American Express reported third-quarter 2026 net income of $3.7 billion, up from $2.9 billion a year earlier, and diluted EPS of $5.42, up 31%. Excluding a $982 million pre-tax gain from the sale of its GBTG stake and a $336 million pre-tax restructuring charge, adjusted EPS was $4.68, up 13%. The company raised its full-year 2026 EPS guidance to $18.30 to $18.60 ($17.60 to $17.90 adjusted), which signals higher expected earnings for shareholders.
- Total revenues net of interest expense were $20.1 billion, up 9% year over year, with billed business up 8% to $454.0 billion in the quarter.
- Diluted EPS was $5.42 versus $4.14 a year ago; adjusted EPS was $4.68 versus $4.14.
- Full-year 2026 EPS guidance was raised to $18.30 to $18.60, or $17.60 to $17.90 adjusted.
- Provisions for credit losses fell to $1.0 billion from $1.3 billion, and the net write-off rate was 1.8% versus 1.9% a year ago.
Read the filing on SEC.gov ↗
Oct 15, 12:00 PM ET
American Express furnished preliminary delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card balances held for investment through September 30, 2026. Consumer and small business net write-off rates were lower in September than in July and August, while 30-day delinquency rates rose slightly, so the monthly credit picture is mixed for shareholders.
- U.S. Consumer Card net write-off rate (principal only) was 1.5% in September, down from 1.7% in both August and July.
- U.S. Consumer 30-day past due rate was 1.2% in September, up from 1.1% in August and July.
- U.S. Small Business 30-day past due rate was 1.4% in September, up from 1.3% in August and July; its net write-off rate was 2.1%, down from 2.2% in August and 2.6% in July.
- Total Card balances held for investment were $160.9 billion at September 30, 2026, up from $160.3 billion at August 31, 2026.
Read the filing on SEC.gov ↗
Oct 8, 4:38 PM ET
American Express and its bank subsidiary consented to orders from the Federal Reserve and the Office of the Comptroller of the Currency to resolve regulatory reviews of parts of its financial crimes compliance program. The bank unit also agreed to pay a $350 million civil money penalty, part of which was already reserved for in prior periods. The company says the penalty does not affect its 2026 guidance, and the orders impose no asset cap and are not expected to affect 2027 guidance.
- Consent orders issued October 8, 2026 by the Federal Reserve and the OCC resolve previously disclosed reviews of financial crimes compliance.
- American Express National Bank agreed to pay a $350 million civil money penalty to the OCC.
- A portion of the penalty was reserved for in prior periods; the company says it does not affect full-year 2026 guidance.
- The orders do not impose an asset cap, and remediation costs are not anticipated to affect 2027 guidance.
Read the filing on SEC.gov ↗
Sep 15, 7:35 AM ET
American Express furnished monthly credit statistics for its U.S. Consumer and U.S. Small Business Card balances held for investment through August 31, 2026. Consumer net write-off rate was 1.7% in August and July versus 1.4% in June, while Small Business fell to 2.2% from 2.6% in July, and total held-for-investment balances rose to $160.3 billion. The June figures include the effect of a sale of previously written-off balances, so the monthly comparisons should be read with that in mind.
- U.S. Consumer net write-off rate (principal only) was 1.7% in August 2026 and July 2026, compared with 1.4% in June 2026.
- U.S. Small Business net write-off rate was 2.2% in August 2026, down from 2.6% in July 2026 and 2.3% in June 2026.
- Both portfolios' 30-days-past-due rates were unchanged or slightly lower: Consumer 1.1% in all three months; Small Business 1.3% in August and July, down from 1.4% in June.
- Total held-for-investment Card balances were $160.3 billion as of August 31, 2026, up from $159.2 billion at July 31, 2026.
Read the filing on SEC.gov ↗
Aug 17, 12:00 PM ET
American Express reported monthly credit statistics for its U.S. Consumer and U.S. Small Business Card portfolios for July 2026. Net write-off rates rose from June, but June was lowered by a sale of previously written-off balances, and the consumer rate fell from May.
- U.S. Consumer net write-off rate (principal only) was 1.7% for July 2026, up from 1.4% in June and down from 2.0% in May.
- U.S. Small Business net write-off rate was 2.6% for July 2026, up from 2.3% in June and equal to May's 2.6%.
- The June 2026 sale of previously written-off balances reduced net write-off rates by approximately 0.3% for Consumer and 0.1% for Small Business.
- Total held-for-investment Card balances were $159.2 billion at July 31, 2026, versus $159.7 billion at June 30, 2026.
Read the filing on SEC.gov ↗
Aug 12, 5:29 PM ET
American Express closed the sale of 1,600,000 depositary shares, each a 1/1,000th interest in a 6.450% Series E preferred share, on August 12, 2026. The company also plans to redeem all Series D preferred shares and depositary shares on September 15, 2026, at $1,000 per depositary share plus declared and unpaid dividends, and the Series E terms restrict common and parity dividends if Series E dividends are not paid in full.
- Issued 1,600 Series E preferred shares, backing 1,600,000 depositary shares, on August 12, 2026
- Series E liquidation preference is $1,000,000 per share, or $1,000 per depositary share
- Series D preferred shares and depositary shares to be redeemed in full on September 15, 2026, at $1,000 per depositary share plus declared and unpaid dividends
- Series E terms limit common and parity dividends and redemptions if Series E dividends are not paid in full
Read the filing on SEC.gov ↗
Aug 5, 9:10 AM ET
On August 5, 2026, American Express announced a proposed public offering of depositary shares, each representing a 1/1,000th interest in a new series of Fixed Rate Reset Noncumulative Preferred Shares, Series E. The company may use the proceeds for general corporate purposes, including partially or fully redeeming its 3.550% Series D preferred shares, but pricing, closing and any redemption are subject to market conditions and not assured.
- Proposed offering of depositary shares, each representing a 1/1,000th interest in a Series E preferred share, announced August 5, 2026
- Net proceeds intended for general corporate purposes, including possible partial or full redemption of the 3.550% Series D preferred shares
- Filing states there is no assurance the offering will price or close, or that the Series D shares will be redeemed, or the amount and timing of any redemption
- Details are in a preliminary prospectus supplement dated August 5, 2026; the filing is not an offer to sell or a notice of redemption
Read the filing on SEC.gov ↗
Jul 24, 7:00 AM ET
American Express reported second-quarter 2026 revenue net of interest expense of $19.6 billion, up 10% from a year earlier, and diluted EPS of $4.53, up 11%. The company raised its full-year 2026 revenue growth guidance to 10% and kept its full-year EPS guidance at $17.30 to $17.90, saying it plans to reinvest the outperformance in growth initiatives.
- Q2 2026 net income was $3.1 billion, up 8% from $2.9 billion a year ago; diluted EPS was $4.53 versus $4.08.
- Full-year 2026 revenue growth guidance was raised to 10%; full-year EPS guidance of $17.30 to $17.90 was reaffirmed.
- Card Member spending (billed business) rose 9% to $455.8 billion in the quarter; provisions for credit losses fell to $1.1 billion from $1.4 billion.
- American Express announced a proposed acquisition of TheFork, a European restaurant booking platform.
Read the filing on SEC.gov ↗
Jul 15, 12:00 PM ET
American Express reported June 2026 credit statistics for its U.S. Consumer and U.S. Small Business Card balances held for investment. Write-off and delinquency rates improved in June, but the company said a sale of previously written-off balances to a third party reduced the June write-off rates.
- U.S. Consumer net write-off rate (principal only) was 1.4% in June 2026, versus 2.0% in May and 2.1% in April.
- U.S. Small Business net write-off rate was 2.3% in June 2026, versus 2.6% in May and 2.4% in April.
- The June sale reduced the net write-off rates by about 0.3% for U.S. Consumer and 0.1% for U.S. Small Business.
- Total held-for-investment Card balances were $159.7 billion at June 30, 2026, down from $160.5 billion at May 31, 2026.
Read the filing on SEC.gov ↗
Jun 25, 4:19 PM ET
American Express announced the results of its company-run 2026 Dodd-Frank Act Stress Test and said its Stress Capital Buffer requirement stays at 2.5 percent through September 30, 2027, in line with the Federal Reserve's February 4, 2026 announcement. The company said the results reflect the strength of its balance sheet and that it will continue returning capital to shareholders.
- Stress Capital Buffer requirement remains at 2.5 percent, the minimum under applicable regulations, through September 30, 2027
- Quarterly common share dividend increased 16 percent to $0.95 per share beginning with the first-quarter 2026 declaration
- American Express returned $8.7 billion to shareholders via buybacks and dividends in the 12 months ended March 31, 2026
Read the filing on SEC.gov ↗
Jun 17, 1:01 PM ET
American Express filed a Form 8-K on June 17, 2026, adding exhibits to its Registration Statement. The exhibits are an opinion and consent from Cleary Gottlieb Steen & Hamilton LLP and a cover page in inline XBRL format. The filing gives no financial figures and does not describe the securities or transaction involved, so it is administrative for shareholders.
- Exhibit 5: opinion and consent of Cleary Gottlieb Steen & Hamilton LLP, incorporated into the Registration Statement
- Exhibit 23: consent of counsel, included in Exhibit 5
- Exhibit 104: cover page of the 8-K formatted as inline XBRL
- Signed by James J. Killerlane III, Corporate Secretary, on June 17, 2026
Read the filing on SEC.gov ↗
Jun 15, 12:00 PM ET
American Express disclosed monthly credit statistics for its U.S. Consumer and U.S. Small Business card balances held for investment through May 31, 2026. Delinquency rates fell in both portfolios, and total balances rose to $160.5 billion from $157.2 billion in April. Net write-off rates were mixed, with the Consumer rate easing and the Small Business rate rising.
- U.S. Consumer 30-plus days past due fell to 1.1% in May, from 1.2% in April and 1.3% in March.
- U.S. Small Business 30-plus days past due fell to 1.4% in May, from 1.5% in April and 1.6% in March.
- U.S. Consumer net write-off rate was 2.0% in May, down from 2.1% in April; Small Business rose to 2.6% from 2.4%.
- Total card balances held for investment were $160.5 billion at May 31, 2026, up from $157.2 billion at April 30.
Read the filing on SEC.gov ↗
May 15, 12:00 PM ET
American Express furnished April 2026 delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card balances held for investment, which totaled $157.2 billion at April 30, 2026. The filing also reflects a presentation change that combines Card Member loans and receivables into a single Card balances line, so figures are not directly comparable with prior disclosures without the 10-Q explanation. For shareholders, the filing offers an updated view of card credit trends, with consumer write-offs higher and past-due rates slightly lower than in March.
- Total held-for-investment Card balances were $157.2 billion at April 30, 2026, up from $156.0 billion at March 31 and $151.3 billion at February 28, 2026.
- U.S. Consumer net write-off rate (principal only) was 2.1% in April, compared with 2.0% in March and 1.9% in February.
- U.S. Consumer 30-day past-due rate was 1.2% in April, down from 1.3% in March; U.S. Small Business was 1.5%, down from 1.6%.
- U.S. Small Business net write-off rate was 2.4% in April, down from 2.6% in March and 2.5% in February.
Read the filing on SEC.gov ↗
May 4, 2:00 PM ET
American Express issued $1.75 billion aggregate principal amount of 4.444% Fixed-to-Floating Rate Notes due May 3, 2030 on May 4, 2026, under an existing prospectus supplement dated April 27, 2026. The filing is administrative, covering the note issuance and related legal exhibits, and it does not report new financial results or changes to guidance.
- Principal amount: $1,750,000,000 of 4.444% Fixed-to-Floating Rate Notes
- Issuance date: May 4, 2026; maturity: May 3, 2030
- Issued under a senior indenture with The Bank of New York Mellon as trustee, supplemented in 2021 and 2023
- Filing includes a legal opinion from Benjamin L. Kuder, Esq. and an inline XBRL cover page
Read the filing on SEC.gov ↗
May 4, 7:34 AM ET
American Express said it will sell its approximately 30% equity interest in Global Business Travel Group (GBTG) as part of Long Lake and General Catalyst's agreement to acquire GBTG. Upon closing, the company expects proceeds of about $1.5 billion and a pre-tax gain of about $975 million, which was not included in its previously provided FY 2026 earnings guidance. The company plans to invest part of the gain and return part of it to shareholders, and says the brand licensing and commercial agreements are unchanged.
- Sale of an approximately 30% equity interest in GBTG, tied to Long Lake and General Catalyst's agreement to acquire GBTG (NYSE: GBTG)
- Expected proceeds of approximately $1.5 billion upon closing
- Expected pre-tax gain of approximately $975 million, not factored into prior FY 2026 earnings guidance
- Brand licensing and commercial agreements between the companies do not change; closing depends on GBTG satisfying closing conditions
Read the filing on SEC.gov ↗
Apr 23, 7:00 AM ET
American Express reported first-quarter 2026 net income of $3.0 billion, up 15% from a year earlier, and diluted EPS of $4.28, up 18%. Total revenues net of interest expense rose 11% to $18.9 billion, and the company reaffirmed its full-year 2026 revenue growth of 9 to 10 percent and EPS guidance of $17.30 to $17.90.
- Q1 2026 total revenues net of interest expense: $18.9 billion, up 11% (10% FX-adjusted)
- Diluted EPS $4.28 vs. $3.64 a year earlier; net income $2.971 billion vs. $2.584 billion
- Consolidated expenses rose 11% to $13.9 billion; provisions for credit losses were $1.3 billion vs. $1.2 billion
- Company reaffirmed 2026 EPS guidance of $17.30 to $17.90 and said it decided to increase investments in marketing and technology
Read the filing on SEC.gov ↗
Apr 15, 12:01 PM ET
American Express disclosed preliminary U.S. Consumer and U.S. Small Business card delinquency and write-off statistics for January through March 2026. The U.S. Consumer net write-off rate rose to 2.2% in March from 2.0% in February, while the 30-day delinquency rate held at 1.4%, so credit losses increased on the consumer side for shareholders to watch.
- U.S. Consumer net write-off rate (principal only) was 2.2% in March, up from 2.0% in February and 1.9% in January.
- U.S. Consumer 30+ days past due loans were 1.4% of total loans in March, unchanged from February and January.
- U.S. Small Business net write-off rate was 2.9% in March, up from 2.8% in February.
- Total U.S. Consumer and Small Business Card Member loans held for investment were $129.7 billion at March 31, 2026, up from $126.4 billion at February 28, 2026.
Read the filing on SEC.gov ↗
Mar 16, 12:00 PM ET
American Express released its monthly U.S. Consumer and Small Business card loan delinquency and write-off statistics for the months ended February 28, January 31 and December 31, 2025-2026. Total held-for-investment loans fell from $131.0 billion at December 31, 2025 to $126.4 billion at February 28, 2026, while the consumer 30-day delinquency rate rose to 1.4% from 1.3%, so shareholders should watch whether these credit trends continue.
- Total U.S. Consumer and Small Business held-for-investment loans were $126.4 billion on February 28, 2026, down from $128.6 billion on January 31 and $131.0 billion on December 31, 2025.
- U.S. Consumer 30-day delinquency rate was 1.4% in February, up from 1.3% in December 2025; the net write-off rate was 2.0%, down from 2.1% in December.
- U.S. Small Business net write-off rate was 2.8% in February, up from 2.7% in December, and its 30-day delinquency rate was steady at 1.7%.
- The Lending Trust annualized default rate, net of recoveries, was 1.3% for February 2026, compared with 1.1% in January and 1.2% in December 2025.
Read the filing on SEC.gov ↗
Mar 2, 4:18 PM ET
American Express's board approved a $0.13, or 16 percent, increase in the quarterly dividend on its common shares, to $0.95 from $0.82 per share. The increase is consistent with a planned raise discussed in the company's fourth-quarter 2025 earnings release. For shareholders, the higher dividend raises the quarterly cash payout per common share by 16 percent.
- Quarterly common dividend rises to $0.95 per share from $0.82, an increase of $0.13 or 16 percent.
- Dividend is payable May 8, 2026, to shareholders of record on April 3, 2026.
- The increase matches the planned raise discussed in the fourth-quarter 2025 earnings release.
Read the filing on SEC.gov ↗
Feb 25, 9:03 AM ET
American Express announced plans to build a new headquarters of about 1.95 million square feet at 200 Greenwich Street, on the 2 World Trade Center site in New York City. Construction is planned to start in spring 2026 and finish in 2031, and the company said the project is not expected to have a material impact on its financial results.
- Planned headquarters size: approximately 1.95 million square feet at 200 Greenwich Street, New York City
- Construction planned to begin in spring 2026
- Expected completion in 2031
- Company states the project is not expected to have a material impact on financial results
Read the filing on SEC.gov ↗
Feb 17, 12:00 PM ET
American Express disclosed monthly delinquency and write-off statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment through January 31, 2026. The U.S. Consumer net write-off rate improved to 1.9% from 2.1% in December, while its 30-day delinquency rate rose to 1.4% from 1.3%, and total held-for-investment loans fell to $128.6 billion from $131.0 billion. These monthly credit metrics give shareholders an early read on card loan quality, though the filing contains no earnings or guidance.
- U.S. Consumer net write-off rate (principal only) was 1.9% for January 2026, down from 2.1% in December 2025 and November 2025.
- U.S. Consumer 30-day past-due loans were 1.4% of total loans in January, up from 1.3% in December.
- U.S. Small Business net write-off rate was 2.8% in January, up from 2.7% in December; 30-day past-due rate was 1.7%.
- Total Card Member loans held for investment were $128.6 billion at January 31, 2026, versus $131.0 billion at December 31, 2025.
Read the filing on SEC.gov ↗
Feb 10, 3:32 PM ET
On February 10, 2026, American Express issued $3.5 billion in total principal of senior and subordinated notes under a February 3, 2026 prospectus supplement. The filing mainly attaches legal exhibits for these debt issuances and reports no new financial results. For shareholders, it shows the company raising debt funding, but the filing does not describe how the proceeds will be used.
- Senior notes: $1.35 billion of 4.009% fixed-to-floating notes due February 9, 2029; $1.0 billion of 4.456% fixed-to-floating notes due February 10, 2032; and $650 million of floating rate notes due February 9, 2029.
- Subordinated notes: $500 million of 5.412% fixed-to-fixed notes due February 8, 2041.
- The notes were issued under indentures with The Bank of New York Mellon as trustee.
- Filed exhibits include a legal opinion from Benjamin L. Kuder, Esq.
Read the filing on SEC.gov ↗
Jan 30, 7:00 AM ET
American Express reported full-year 2025 revenue net of interest expense of $72.2 billion, up 10%, and diluted EPS of $15.38, up 10% from $14.01. The company forecast 2026 revenue growth of 9% to 10% and EPS of $17.30 to $17.90, and plans to raise its quarterly dividend about 16%. These figures point to continued growth and higher dividend payments for shareholders, though the 2026 outlook is forward-looking and subject to the risks listed in the filing.
- Full-year 2025 net income was $10.8 billion, up 7% from $10.1 billion; EPS excluding the prior-year Accertify gain rose 15% to $15.38.
- Fourth-quarter 2025 net income was $2.46 billion, up 13%, and diluted EPS was $3.53, up 16%.
- 2026 guidance calls for revenue growth of 9% to 10% and EPS of $17.30 to $17.90.
- The quarterly dividend is planned to rise about 16%, from $0.82 to $0.95 per share, starting with the first-quarter 2026 declaration.
Read the filing on SEC.gov ↗
Jan 15, 12:01 PM ET
American Express reported preliminary December 2025 credit statistics for its U.S. Consumer and U.S. Small Business Card Member loans held for investment. Consumer 30-day delinquencies and the consumer net write-off rate improved or held steady, while small business delinquencies rose slightly and the small business write-off rate was flat from November. Total loans held for investment grew to $131.0 billion, which is relevant to shareholders as a measure of card lending and credit quality.
- U.S. Consumer 30-day delinquencies were 1.3% in December, down from 1.4% in November and October.
- U.S. Consumer net write-off rate (principal only) was 2.1% in December, down from 2.2% in October and flat with November.
- U.S. Small Business 30-day delinquencies were 1.7% in December, up from 1.6% in November and October; its net write-off rate was 2.7%, unchanged from November.
- Total Card Member loans held for investment were $131.0 billion, up from $129.1 billion in November and $126.4 billion in October.
Read the filing on SEC.gov ↗
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