AMERICAN EXPRESS CO

AXP 10-K · FY 2025

AXP FY 2025 request

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Income Statement

Income Statement
Metric FY 2025 FY 2024 YoY
Noninterest Income 54,865 50,406 +8.8%
Show Product Lines breakouts
Credit Card 9,993 8,449 +18.3%
Credit Card Merchant Discount 37,401 35,192 +6.3%
Financial Service Other 7,471 6,765 +10.4%
Show Business Segments breakouts
CS · Operating Segments 13,654 13,219 +3.3%
GMNS · Operating Segments 7,058 6,729 +4.9%
ICS · Operating Segments 11,819 10,369 +14.0%
USCS · Operating Segments 22,307 20,137 +10.8%
Show Consolidated Entities breakouts
Parent Company 375 390 -3.8%
Show Consolidation Items breakouts
Corporate and Other 27 -48 +156.2%
Operating Segments 54,838 50,454 +8.7%
Interest And Fee Income Loans And Leases 23,234 21,095 +10.1%
Interest And Dividend Income Securities 63 86 -26.7%
Interest Income Deposits With Financial Institutions 2,301 2,614 -12.0%
Interest And Dividend Income Operating 25,598 23,795 +7.6%
Show Business Segments breakouts
CS · Operating Segments 5,077 4,374 +16.1%
GMNS · Operating Segments 40 52 -23.1%
ICS · Operating Segments 2,534 2,331 +8.7%
USCS · Operating Segments 15,655 14,430 +8.5%
Show Consolidated Entities breakouts
Parent Company 1,814 1,858 -2.4%
Show Consolidation Items breakouts
Corporate and Other 2,292 2,608 -12.1%
Operating Segments 23,306 21,187 +10.0%
Interest Expense Deposits 5,425 5,695 -4.7%
Interest Expense Long Term Debt 2,809 2,557 +9.9%
Interest Expense Operating 8,234 8,252 -0.2%
Show Business Segments breakouts
CS · Operating Segments 1,805 1,734 +4.1%
GMNS · Operating Segments -661 -703 +6.0%
ICS · Operating Segments 1,353 1,239 +9.2%
USCS · Operating Segments 3,148 3,140 +0.3%
Show Consolidated Entities breakouts
Parent Company 2,031 1,869 +8.7%
Show Consolidation Items breakouts
Corporate and Other 2,589 2,842 -8.9%
Operating Segments 5,645 5,410 +4.3%
Interest Income Expense Net 17,364 15,543 +11.7%
Show Business Segments breakouts
CS · Operating Segments 3,272 2,640 +23.9%
GMNS · Operating Segments 701 755 -7.2%
ICS · Operating Segments 1,181 1,092 +8.2%
USCS · Operating Segments 12,507 11,290 +10.8%
Show Consolidation Items breakouts
Corporate and Other -297 -234 -26.9%
Operating Segments 17,661 15,777 +11.9%
Revenues Net Of Interest Expense 72,229 65,949 +9.5%
Show Business Segments breakouts
CS · Operating Segments 16,926 15,859 +6.7%
GMNS · Operating Segments 7,759 7,484 +3.7%
ICS · Operating Segments 13,000 11,461 +13.4%
USCS · Operating Segments 34,814 31,427 +10.8%
Show Geography breakouts
APAC 5,218 4,698 +11.1%
EMEA 7,073 6,216 +13.8%
LACC 4,194 3,845 +9.1%
Other Unallocated -271 -281 +3.6%
US 56,015 51,471 +8.8%
Show Consolidated Entities breakouts
Parent Company 158 379 -58.3%
Show Consolidation Items breakouts
Corporate and Other -270 -282 +4.3%
Operating Segments 72,499 66,231 +9.5%
Provision For Loan Losses Expensed 5,256 5,185 +1.4%
Show Business Segments breakouts
CS · Operating Segments 1,380 1,389 -0.6%
GMNS · Operating Segments 78 42 +85.7%
ICS · Operating Segments 831 726 +14.5%
USCS · Operating Segments 2,967 3,029 -2.0%
Show Consolidation Items breakouts
Operating Segments 5,256 5,186 +1.3%
Show Financing Receivable Recorded Investment By Class Of Financing Receivable breakouts
Card Member loans 4,067 4,109 -1.0%
Card Member receivables 751 774 -3.0%
Other 438 302 +45.0%
Other loans 335 256 +30.9%
Total Revenues Net Of Interest Expense After Provisions For Losses 66,973 60,764 +10.2%
Show Business Segments breakouts
CS · Operating Segments 15,546 14,470 +7.4%
GMNS · Operating Segments 7,681 7,442 +3.2%
ICS · Operating Segments 12,169 10,735 +13.4%
USCS · Operating Segments 31,847 28,398 +12.1%
Show Consolidation Items breakouts
Corporate and Other -270 -281 +3.9%
Operating Segments 67,243 61,045 +10.2%
Card Member Rewards 18,409 16,599 +10.9%
Business Development 6,457 5,886 +9.7%
Cardmemberservices 6,057 4,782 +26.7%
Marketing Expense 6,252 6,040 +3.5%
Show Business Segments breakouts
CS · Operating Segments 1,331 1,319 +0.9%
GMNS · Operating Segments 393 411 -4.4%
ICS · Operating Segments 1,319 1,235 +6.8%
USCS · Operating Segments 3,187 3,051 +4.5%
Show Consolidation Items breakouts
Corporate and Other 22 24 -8.3%
Operating Segments 6,230 6,016 +3.6%
Labor And Related Expense 9,016 8,198 +10.0%
Show Consolidated Entities breakouts
Parent Company 512 474 +8.0%
Other Noninterest Expense 6,987 6,364 +9.8%
Show Consolidated Entities breakouts
Parent Company 427 385 +10.9%
Noninterest Expense 53,178 47,869 +11.1%
Show Business Segments breakouts
CS · Operating Segments 11,878 10,965 +8.3%
GMNS · Operating Segments 3,713 3,044 +22.0%
ICS · Operating Segments 10,566 9,704 +8.9%
USCS · Operating Segments 25,037 22,021 +13.7%
Show Consolidated Entities breakouts
Parent Company 939 859 +9.3%
Show Consolidation Items breakouts
Corporate and Other 1,984 2,135 -7.1%
Operating Segments 51,194 45,734 +11.9%
Income Before Taxes 13,795 12,895 +7.0%
Show Business Segments breakouts
CS · Operating Segments 3,668 3,505 +4.7%
GMNS · Operating Segments 3,968 4,398 -9.8%
ICS · Operating Segments 1,603 1,031 +55.5%
USCS · Operating Segments 6,810 6,377 +6.8%
Show Geography breakouts
APAC 831 656 +26.7%
EMEA 1,255 935 +34.2%
LACC 907 803 +13.0%
Other Unallocated -2,252 -2,418 +6.9%
US 13,054 12,919 +1.0%
Show Consolidation Items breakouts
Corporate and Other -2,254 -2,416 +6.7%
Operating Segments 16,049 15,311 +4.8%
Show Income Tax Authority breakouts
Domestic Country 8,302
Foreign Country 5,493
Income Tax Expense (Benefit) 2,962 2,766 +7.1%
Show Consolidated Entities breakouts
Parent Company -203 -126 -61.1%
Net Income 10,833 10,129 +7.0%
Show Equity Components breakouts
Retained Earnings 10,833 10,129 +7.0%
Show Consolidated Entities breakouts
Parent Company 10,833 10,129 +7.0%
EPS (Basic) 15.41 14.04 +9.8%
EPS (Diluted) 15.38 14.01 +9.8%
Wtd Avg Shares (Basic) 695 712 -2.4%
Wtd Avg Shares (Diluted) 696 713 -2.4%
Revenue 41,304 38,825 +6.4%
Show Business Segments breakouts
CS · Operating Segments 11,856 11,559 +2.6%
GMNS · Operating Segments 6,306 6,051 +4.2%
ICS · Operating Segments 7,544 6,766 +11.5%
USCS · Operating Segments 15,626 14,481 +7.9%
Show Consolidation Items breakouts
Corporate and Other -29 -32 +9.4%
Operating Segments 41,332 38,857 +6.4%
Comprehensive Income 10,951 9,806 +11.7%
Show Consolidated Entities breakouts
Parent Company 10,951 9,806 +11.7%
Other Comprehensive Income 118 -323 +136.5%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -28 25 -212.0%
Accumulated Net Unrealized Investment Gain Loss 5 5 0.0%
Accumulated Other Comprehensive Income 118 -323 +136.5%
Accumulated Translation Adjustment 141 -353 +139.9%
Net Income Loss Available To Common Stockholders Basic 10,775 10,071 +7.0%
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments (FY)
Show Consolidated Entities breakouts
Parent Company -781 -480 -62.7%
Income Loss From Equity Method Investments (FY)
Show Consolidated Entities breakouts
Parent Company 11,411 10,483 +8.9%
Professional Fees 2,424 2,274 +6.6%

Balance Sheet

Balance Sheet
Metric FY 2025 FY 2024 YoY
Current Assets
Short-Term Investments 742 221 +235.7%
Non-Current Assets
Property, Plant & Equipment 6,118 5,371 +13.9%
Total Assets 300,052 271,461 +10.5%
Show Business Segments breakouts
CS · Operating Segments 63,168 58,969 +7.1%
GMNS · Operating Segments 18,686 17,712 +5.5%
ICS · Operating Segments 50,089 42,879 +16.8%
USCS · Operating Segments 122,968 114,228 +7.7%
Show Consolidated Entities breakouts
Parent Company 79,137 68,219 +16.0%
Show Consolidation Items breakouts
Corporate and Other 45,141 37,673 +19.8%
Operating Segments 254,911 233,788 +9.0%
Operating Lease Right-of-Use Assets 998 804 +24.1%
Goodwill 4,872 4,187 +16.4%
Show Business Segments breakouts
CS 2,744 2,148 +27.7%
GMNS 554 551 +0.5%
ICS 775 716 +8.2%
USCS 799 772 +3.5%
Intangible Assets 90 123 -26.8%
Other Assets
Cash And Due From Banks 3,559 3,413 +4.3%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 47,792 40,640 +17.6%
Show Consolidated Entities breakouts
Parent Company 11,870 7,293 +62.8%
Notes Receivable Net (Q)
Show Financing Receivable Recorded Investment By Class Of Financing Receivable breakouts
Card Member loans 145,923 133,995 +8.9%
Card Member receivables 61,851 59,240 +4.4%
Other loans 10,605 9,038 +17.3%
Loans Receivable Held For Sale Amount (Q)
Show Financing Receivable Recorded Investment By Class Of Financing Receivable breakouts
Card Member loans 2,457 758 +224.1%
Debt And Equity Securities Available For Sale 1,043 1,240 -15.9%
Other Assets 24,263 21,179 +14.6%
Show Consolidated Entities breakouts
Parent Company 1,107 573 +93.2%
Non-Current Liabilities
Accounts Payable Current And Noncurrent 14,700 13,884 +5.9%
Long-Term Debt 56,387 49,715 +13.4%
Show Debt Instrument breakouts
Fixed Rate Senior Notes · Long Term Debt 9,865 14,582 -32.3%
Fixed Rate Senior Notes · Long Term Debt 336 333 +0.9%
Fixed Rate Senior Notes · Long Term Debt 13,181 13,934 -5.4%
Fixed-to-Floating Rate Senior Notes · Long Term Debt 27,445 15,973 +71.8%
Fixed-to-Floating Rate Subordinated Notes · Long Term Debt 1,771 1,742 +1.7%
Floating Rate Borrowings · Long Term Debt 275 247 +11.3%
Floating Rate Senior Notes · Long Term Debt 3,650 3,000 +21.7%
Show Type of Debt [Axis] breakouts
Long Term Debt 56,387 49,715 +13.4%
Show Consolidated Entities breakouts
Parent Company 42,787 35,312 +21.2%
Variable Interest Entity Primary Beneficiary 13,022 13,880 -6.2%
Total Liabilities 266,578 241,197 +10.5%
Show Consolidated Entities breakouts
Parent Company 45,663 37,955 +20.3%
Other Liabilities
Interest Bearing Deposits In Banks 43,491 37,006 +17.5%
Deposits 152,488 139,413 +9.4%
Short Term Borrowings 1,371 1,374 -0.2%
Show Short Term Debt Type breakouts
Other Short Term Borrowings 1,371 1,374 -0.2%
Other Liabilities 41,632 36,811 +13.1%
Stockholders' Equity
Common Stock 138 141 -2.1%
Additional Paid-In Capital 11,126 11,370 -2.1%
Retained Earnings 25,487 22,148 +15.1%
Accumulated Other Comprehensive Income -3,277 -3,395 +3.5%
Total Stockholders' Equity 33,474 30,264 +10.6%
Show Equity Components breakouts
Accumulated Defined Benefit Plans Adjustment -490 -462 -6.1%
Accumulated Net Unrealized Investment Gain Loss -4 -9 +55.6%
Accumulated Other Comprehensive Income -3,277 -3,395 +3.5%
Accumulated Translation Adjustment -2,783 -2,924 +4.8%
Additional Paid In Capital 11,126 11,370 -2.1%
Common Stock 138 141 -2.1%
Retained Earnings 25,487 22,148 +15.1%
Show Consolidated Entities breakouts
Parent Company 33,474 30,264 +10.6%
Total Liabilities & Equity 300,052 271,461 +10.5%
Show Consolidated Entities breakouts
Parent Company 79,137 68,219 +16.0%

Cash Flow Statement

Cash Flow Statement
Metric FY 2025 FY 2024 YoY
Operating Activities
Depreciation Amortization And Accretion Net 1,777 1,676 +6.0%
Stock-Based Compensation 551 504 +9.3%
Deferred Income Taxes -542 -990 +45.3%
Other Non-Cash Items -237 -564 +58.0%
Payments For Origination And Purchases Of Loans Held For Sale -74
Increase Decrease In Other Operating Assets -2,781 1,007 -376.2%
Increase Decrease In Accounts Payable And Other Operating Liabilities 3,645 -2,897 +225.8%
Net Cash from Operations 18,428 14,050 +31.2%
Show Consolidated Entities breakouts
Parent Company 8,319 7,687 +8.2%
Investing Activities
Proceeds From Sale Of Available For Sale Securities Debt 47 42 +11.9%
Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities 1,453 2,179 -33.3%
Payments To Acquire Investments -1,760 -1,593 -10.5%
Payments For Proceeds From Loans Receivable -19,573 -23,259 +15.8%
Capital Expenditures -2,425 -1,911 -26.9%
Payments To Acquire Businesses Net Of Cash Acquired -633 -454 -39.4%
Net Cash from Investing -22,891 -24,402 +6.2%
Show Consolidated Entities breakouts
Parent Company -3,003 -3,499 +14.2%
Other Investing Activities (FY)
Show Consolidated Entities breakouts
Parent Company -1 5 -120.0%
Financing Activities
Increase Decrease In Deposits 13,045 10,305 +26.6%
Proceeds From Repayments Of Short Term Debt -27 207 -113.0%
Proceeds From Issuance Of Long Term Debt 24,377 12,602 +93.4%
Show Consolidated Entities breakouts
Parent Company 15,063 8,872 +69.8%
Repayments Of Long Term Debt -18,157 -10,759 -68.8%
Show Consolidated Entities breakouts
Parent Company -8,000 -7,500 -6.7%
Proceeds From Issuance Of Common Stock 57 100 -43.0%
Show Consolidated Entities breakouts
Parent Company 57 100 -43.0%
Share Repurchases -5,814 -6,020 +3.4%
Show Consolidated Entities breakouts
Parent Company -5,588 -6,020 +7.2%
Show Share Repurchase Program breakouts
Repurchase Agreements -5.3 -5.9 +10.2%
Payments Of Dividends -2,271 -1,999 -13.6%
Show Consolidated Entities breakouts
Parent Company -2,271 -1,999 -13.6%
Net Cash from Financing 11,210 4,436 +152.7%
Show Consolidated Entities breakouts
Parent Company -739 -6,547 +88.7%
Supplemental
Income Taxes Paid 3.2 3.6 -11.1%
Interest Paid 8 8.2 -2.4%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 405 -40 +1112.5%
Net Change in Cash 7,152 -5,956 +220.1%
Show Consolidated Entities breakouts
Parent Company 4,577 -2,359 +294.0%

Values in millions USD. Source: SEC EDGAR 10-K filing.

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