American Express said net income for Q3 2025 was $2.9 billion, or $4.14 per share, compared with $2.5 billion, or $3.49 per share, a year ago.

10-QQuarterly reportFiled Oct 17, 2025Period of report Sep 30, 2025Summary published (UTC) Oct 10, 2026

Key points

AI summary

American Express said net income for Q3 2025 was $2.9 billion, or $4.14 per share, compared with $2.5 billion, or $3.49 per share, a year ago.
The company said billed business for Q3 grew 9% year-over-year (8% on an FX-adjusted basis) and total revenues net of interest expense increased 11% on both a reported and FX-adjusted basis.
American Express cited lower reserve builds compared with the prior year as a factor in the decrease in provisions for credit losses, partially offset by higher net write-offs. It added that net write-off and delinquency rates remained stable.
The company said it maintained its CET1 capital ratio within its target range of 10 to 11% during Q3 and returned $2.9 billion to shareholders in the form of share repurchases and common stock dividends.

Key figures

Quarter ended September 30, 2025

Revenue: $10.4B
Net income: $2.9B
EPS: $4.14

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 Net Income and Earnings Per Share

American Express said net income for Q3 2025 was $2.9 billion, or $4.14 per share, compared with $2.5 billion, or $3.49 per share, a year ago.

Source · Based on the MD&A text of the filing

Billed Business Growth of 9% and Total Revenues Increase of 11%

The company said billed business for Q3 grew 9% year-over-year (8% on an FX-adjusted basis) and total revenues net of interest expense increased 11% on both a reported and FX-adjusted basis.

Source · Based on the MD&A text of the filing

Decrease in Provisions for Credit Losses and Stable Net Write-Off and Delinquency Rates

American Express cited lower reserve builds compared with the prior year as a factor in the decrease in provisions for credit losses, partially offset by higher net write-offs. It added that net write-off and delinquency rates remained stable.

Source · Based on the MD&A text of the filing

CET1 Target Range and Capital Return to Shareholders

The company said it maintained its CET1 capital ratio within its target range of 10 to 11% during Q3 and returned $2.9 billion to shareholders in the form of share repurchases and common stock dividends.

Source · Based on the MD&A text of the filing

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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