American Express (AXP) income statement
NYSE · Financial Services · Financial - Credit Services · 76,800 employees · CEO Stephen Joseph Squeri
- Price
- $319.11 -1.42%
- Market cap
- $214B
- Enterprise value
- $231B
- Last report
- Q3 '26 filed 2026-10-23
- Next report
- 2027-01-29
American Express (AXP) reported revenue of $22B for Q3 '26 (+6.9% year on year), operating income of $4.53B (20.6% of revenue) and net income of $3.71B. Over the last four quarters revenue was $85.5B.
Income statement
| Income statement | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $17.7B | $17.8B | $18.4B | $18.8B | $19.2B | $18.9B | $19.9B | $20.6B | $21B | $20.9B | $21.6B | $22B | |
| Cost of revenue | $3.39B | $3.28B | $3.33B | $3.5B | $3.33B | $3.12B | $3.48B | $3.42B | $3.47B | $3.22B | $3.04B | $2.9B | |
| Gross profit | $14.4B | $14.5B | $15.1B | $15.3B | $15.9B | $15.8B | $16.5B | $17.1B | $17.6B | $17.7B | $18.6B | $19.1B | |
| Sales & marketing | $1.23B | $1.48B | $1.48B | $1.47B | $1.61B | $1.49B | $1.56B | $1.6B | $1.61B | $2.97B | $3.41B | $1.77B | |
| General & administrative | $2.13B | $2.1B | $1.95B | $2.05B | $2.1B | $2.12B | $2.15B | $2.24B | $2.51B | $6.63B | $4.08B | $3.43B | |
| Other operating expenses | $8.48B | $7.81B | $7.85B | $8.56B | $9.42B | $8.88B | $9.19B | $9.48B | $10.4B | $1.46B | $1.73B | $9.35B | |
| Operating expenses | $11.8B | $11.4B | $11.3B | $12.1B | $13.1B | $12.5B | $12.9B | $13.3B | $14.5B | $11.1B | $9.22B | $14.5B | |
| Operating income | $2.51B | $3.15B | $3.79B | $3.2B | $2.76B | $3.33B | $3.55B | $3.83B | $3.09B | $6.6B | $9.34B | $4.53B | |
| Interest income | $5.55B | $5.78B | $5.79B | $6.15B | $6.08B | $6.14B | $6.26B | $6.62B | $6.58B | $6.67B | $6.61B | $6.86B | |
| Interest expense | $1.95B | $2.01B | $2.06B | $2.14B | $2.04B | $1.97B | $2.08B | $2.13B | $2.06B | $1.97B | $1.96B | $1.92B | |
| Other non-operating income (gains on investments, FX ...) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$1.92B | |
| Total non-operating income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.82B | -$5.27B | $0 | |
| Income before tax | $2.51B | $3.15B | $3.79B | $3.2B | $2.76B | $3.33B | $3.55B | $3.83B | $3.09B | $3.78B | $4.07B | $4.53B | |
| Income tax | $579M | $708M | $775M | $697M | $586M | $746M | $665M | $923M | $628M | $807M | $961M | $819M | |
| Net income | $1.93B | $2.44B | $3.02B | $2.51B | $2.17B | $2.58B | $2.89B | $2.9B | $2.46B | $2.97B | $3.11B | $3.71B | |
| EPS (basic) | $2.63 | $3.34 | $4.16 | $3.49 | $2.99 | $3.64 | $4.08 | $4.14 | $3.53 | $4.28 | $4.54 | $5.43 | |
| EPS (diluted) | $2.62 | $3.33 | $4.15 | $3.49 | $3.04 | $3.64 | $4.08 | $4.14 | $3.53 | $4.28 | $4.58 | $5.42 | |
| Shares (basic, weighted) | 725M | 721M | 716M | 708M | 704M | 701M | 698M | 692M | 687M | 686M | 678M | 673M | |
| Shares (diluted, weighted) | 726M | 722M | 717M | 709M | 704M | 702M | 699M | 693M | 688M | 686M | 678M | 674M | |
| Depreciation & amortization | $422M | $390M | $421M | $437M | $428M | $433M | $427M | $455M | $462M | $468M | $488M | $0 | |
| EBITDA | $2.93B | $3.54B | $4.21B | $3.64B | $3.18B | $3.76B | $3.98B | $4.28B | $3.55B | $7.07B | $9.83B | $6.45B |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $38.4B | $39B | $43.3B | $47.1B | $38.3B | $44.4B | $55.6B | $67.4B | $74.2B | $80.5B | |
| Cost of revenue | $3.73B | $4.87B | $6.3B | $7.04B | $6.83B | -$136M | $4.95B | $11.8B | $13.4B | $13.5B | |
| Gross profit | $33.2B | $34.1B | $37B | $40.1B | $31.5B | $44.6B | $50.7B | $55.6B | $60.8B | $67B | |
| Sales & marketing | $6.25B | $5.72B | $6.48B | $7.13B | $3.7B | $5.29B | $5.46B | $5.21B | $6.04B | $6.25B | |
| General & administrative | $5.26B | $5.37B | $5.39B | $5.91B | $5.72B | $6.24B | $7.25B | $8.07B | $8.2B | $9.02B | |
| Other operating expenses | $15.1B | $15.7B | $17.1B | $18.6B | $17.8B | $22.3B | $28.4B | $31.8B | $33.6B | $37.9B | |
| Operating expenses | $26.6B | $26.7B | $28.8B | $31.6B | $27.2B | $33.9B | $41.1B | $45.1B | $47.9B | $53.2B | |
| Operating income | $8.04B | $7.43B | $8.12B | $8.43B | $4.3B | $10.7B | $9.59B | $10.5B | $12.9B | $13.8B | |
| Interest income | $7.48B | $8.56B | $10.6B | $12.1B | $10.1B | $9.03B | $12.7B | $20B | $23.8B | $25.6B | |
| Interest expense | $1.71B | $2.11B | $2.94B | $3.46B | $2.1B | $1.28B | $2.76B | $6.85B | $8.25B | $8.23B | |
| Income before tax | $8.04B | $7.43B | $8.12B | $8.43B | $4.3B | $10.7B | $9.59B | $10.5B | $12.9B | $13.8B | |
| Income tax | $2.67B | $4.68B | $1.2B | $1.67B | $1.16B | $2.63B | $2.07B | $2.14B | $2.77B | $2.96B | |
| Net income | $5.38B | $2.75B | $6.92B | $6.76B | $3.14B | $8.06B | $7.51B | $8.37B | $10.1B | $10.8B | |
| EPS (basic) | $5.67 | $2.98 | $8.09 | $8.01 | $3.77 | $10.03 | $9.85 | $11.23 | $14.04 | $15.41 | |
| EPS (diluted) | $5.65 | $2.97 | $8.06 | $7.99 | $3.77 | $10.02 | $9.84 | $11.21 | $14.02 | $15.38 | |
| Shares (basic, weighted) | 933M | 883M | 856M | 828M | 805M | 789M | 751M | 735M | 713M | 695M | |
| Shares (diluted, weighted) | 935M | 886M | 859M | 830M | 806M | 790M | 752M | 736M | 713M | 696M | |
| Depreciation & amortization | $1.1B | $1.32B | $1.29B | $1.19B | $1.54B | $1.7B | $1.63B | $1.65B | $1.68B | $1.78B | |
| EBITDA | $9.14B | $8.75B | $9.42B | $9.62B | $5.84B | $12.4B | $11.2B | $12.2B | $14.6B | $15.6B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01