Opening its latest reports…Reading every line of the four statements…Putting it into plain words…
AXPAmerican Express Co
The four financial statements
Every company that sells shares in the US files four statements with the SEC. Together they show whether American Express made money, what it owns and owes, where its cash went, and what changed for its shareholders. Below is every line exactly as American Express filed it, with what each one means in plain English.
As filed with the SEC on Feb 6, 2026 · the full report · SEC's figures viewer
Income statement · also called the statement of operations, statement of earnings or profit and loss
Did it make money?
Read it from the top down. It starts with everything customers paid (sales), takes away the cost of making what was sold, then the costs of running the company, then interest and tax. What is left at the bottom is profit (net income), the part that belongs to shareholders. It covers a stretch of time: a year, or a quarter.
- People usually check: Are sales growing compared with a year earlier?
- People usually check: How much of each dollar of sales is left at each step (the margins)?
- People usually check: Is profit growing faster or slower than sales?
Point at or tap a bar to see the lines inside it.
Out of every $100 of sales
- costs, and money set aside for bad loans: $81
- income tax: $4
- kept as profit: $15.0
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Non-interest revenues | |||
| $54.9B▲ 8.8% | $50.4B | $47.4B | |
| Interest income | |||
| $23.2B▲ 10% | $21.1B | $17.7B | |
| $63.0M▼ 27% | $86.0M | $128.0M | |
| $2.3B▼ 12% | $2.6B | $2.2B | |
| $25.6B▲ 7.6% | $23.8B | $20.0B | |
| Interest expense | |||
| $5.4B▼ 4.7% | $5.7B | $4.9B | |
| $2.8B▲ 9.9% | $2.6B | $2.0B | |
| $8.2B▼ 0.2% | $8.3B | $6.8B | |
| $17.4B▲ 12% | $15.5B | $13.1B | |
| $72.2B▲ 9.5% | $65.9B | $60.5B | |
| Provisions for credit losses | |||
| $5.3B▲ 1.4% | $5.2B | $4.9B | |
| $67.0B▲ 10% | $60.8B | $55.6B | |
| Expenses | |||
| $18.4B▲ 11% | $16.6B | $15.4B | |
| $6.5B▲ 9.7% | $5.9B | $5.7B | |
| $6.1B▲ 27% | $4.8B | $4.0B | |
| $6.3B▲ 3.5% | $6.0B | $5.2B | |
| $9.0B▲ 10.0% | $8.2B | $8.1B | |
| $7.0B▲ 9.8% | $6.4B | $6.8B | |
| $53.2B▲ 11% | $47.9B | $45.1B | |
| $13.8B▲ 7.0% | $12.9B | $10.5B | |
| $3.0B▲ 7.1% | $2.8B | $2.1B | |
| $10.8B▲ 7.0% | $10.1B | $8.4B | |
| Earnings per Common Share | |||
| $15.41▲ 9.8% | $14.04 | $11.23 | |
| $15.38▲ 9.8% | $14.01 | $11.21 | |
| Average common shares outstanding for earnings per common share | |||
| 695.0M shares▼ 2.4% | 712.0M shares | 735.0M shares | |
| 696.0M shares▼ 2.4% | 713.0M shares | 736.0M shares | |
Split by Card Member receivables, Card Member loans, Other, Discount revenue and more
| Card Member receivables | |||
|---|---|---|---|
| Set aside for loans that may not be repaid (Provisions for credit losses) | $751.0M | $774.0M | $880.0M |
| Card Member loans | |||
| Set aside for loans that may not be repaid (Provisions for credit losses) | $4.1B | $4.1B | $3.8B |
| Other | |||
| Set aside for loans that may not be repaid (Provisions for credit losses) | $438.0M | $302.0M | $204.0M |
| Discount revenue | |||
| Fees and other income (non-interest income) (Total non-interest revenues) | $37.4B | $35.2B | $33.4B |
| Net card fees | |||
| Fees and other income (non-interest income) (Total non-interest revenues) | $10.0B | $8.4B | $7.3B |
| Service fees and other revenue | |||
| Fees and other income (non-interest income) (Total non-interest revenues) | $7.5B | $6.8B | $6.7B |
Every line as the company filed it (USD ($), shares in Millions, $ in Millions), shown in full dollars. See this statement on SEC.
Extra: What other gains and losses were there?Statement of comprehensive income: Profit, plus gains and losses that skip the income statement.
Some value changes don't count as profit yet: currency moves on businesses abroad, rises or falls in investments it hasn't sold, and some hedges and pension changes. They are added to profit here to give comprehensive income, and they build up in shareholders' equity.
Every line, explained
| Line (tap for what it means) | 12 months to Dec 31, 2025 | 12 months to Dec 31, 2024 | 12 months to Dec 31, 2023 |
|---|---|---|---|
| Statement of Comprehensive Income | |||
| $10.8B | $10.1B | $8.4B | |
| Other comprehensive income (loss) | |||
| $5.0M | $5.0M | $50.0M | |
| $141.0M | −$353.0M | $51.0M | |
| −$28.0M | $25.0M | $37.0M | |
| $118.0M | −$323.0M | $138.0M | |
| $11.0B | $9.8B | $8.5B | |