AI-extracted from the 10-Q filed 2026-10-23 — Q3 FY2026 (quarter ended September 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
American Express Q3 2026 total revenues net of interest expense rose 9% to $20.1B and net income reached $3.7B ($5.42 diluted EPS), helped by a $982M pre-tax GBTG sale gain partly offset by a $336M restructuring charge.
Biggest Revenue Drivers
Discount revenue$10,169M+8% YoY
Primarily driven by increases in billed business of 8 percent, partially offset by lower average merchant discount rates
Net interest income$4,940M+10% YoY
Primarily reflecting growth in balances and net yield expansion, partially offset by exits of small business cobrand held-for-sale portfolios
Biggest Revenue Drivers
Total revenue: $20.1B+9% YoY
Discount revenue$10,169M+8% YoY
Primarily driven by increases in billed business of 8 percent, partially offset by lower average merchant discount rates
Net interest income$4,940M+10% YoY
Primarily reflecting growth in balances and net yield expansion, partially offset by exits of small business cobrand held-for-sale portfolios
Net card fees$2,969M+16% YoY
Primarily driven by increases in the average fee per card of premium card products, reflecting product refreshes, and growth in premium card portfolios
Service fees and other revenue$1,984Mflat YoY
Relatively flat; increases in network partnership revenue and FX-related revenue offset by a prior-period GBTG-related gain
Largest Expense Items
Card Member rewards$5,090M+10% YoY
Driven by higher Card Member spending, with Membership Rewards and cash back expenses up $421M
Card Member services$2,006M+36% YoY
Due to new U.S. Platinum benefits and higher usage of Card Member benefits
Salaries and employee benefits$2,570M+15% YoY
Primarily driven by restructuring costs
Other, net$1,315M-26% YoY
Decrease driven by the $982M GBTG gain, partially offset by increases in legal reserves and technology costs
Margins: Pretax income rose 18% to $4.5B and effective tax rate fell to 18.1% from 24.1%, reflecting discrete tax benefits. The filing says variable customer engagement expense growth is expected to moderate next quarter.
Watch Items from the Filing
Operating expenses were reduced by the $982M GBTG gain, while excluding discrete items operating expense grew modestly; a $400M legal reserve increase was recorded in the quarter.
On October 8, 2026, AENB agreed to pay a $350M civil money penalty to the OCC related to financial crimes compliance program reviews.
Kabbage wind-down estate seeks to recover up to approximately $746M via a fraudulent transfer claim; the disclosed reasonably possible loss range in excess of accruals is zero to $150M.
Provisions for credit losses fell 23% to $985M, with Card balance net write-off rate principal, interest and fees at 2.1% versus 2.2% a year ago.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
49 transactions in AXP reported by 22 members of Congress under the STOCK Act, most recent trade May 8, 2026. Reported transactions, not recommendations.
About AMERICAN EXPRESS CO (AXP): stock profile, AI score and financials
AMERICAN EXPRESS CO (AXP) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores AXP at 69.9/100 on a composite quality score built from its SEC filings, placing it at rank #232 of 2,925 stocks — the top 10% of the AI-ranked universe. AXP scores in the top quartile across revenue scale (97.9). Shareholder dilution risk is elevated at 47.9/100, reflecting ongoing share issuance or stock-based compensation. Based on the latest XBRL financial filings (Q3 2026), AMERICAN EXPRESS CO reports quarterly revenue of $20.1B, net income of $3.7B, an operating margin of 22.6%. Top institutional holders of AXP by reported 13-F value include BERKSHIRE HATHAWAY, BlackRock, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. AXP trades on the NYSE exchange and files with the SEC under CIK 4962. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AXP daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for AMERICAN EXPRESS CO directly from SEC EDGAR.