AI English summary of an SEC filing — figures as filed
American Express AXPAmerican Express said net income for Q3 2026 was $3.7 billion ($5.42 per share), compared with $2.9 billion ($4.14 per share) a year earlier. The same quarter included a gain of $982 million ($751 million after tax) from the sale of its GBTG stake and a restructuring charge of $336 million ($253 million after tax).
Key points
AI summaryAmerican Express said net income for Q3 2026 was $3.7 billion ($5.42 per share), compared with $2.9 billion ($4.14 per share) a year earlier. The same quarter included a gain of $982 million ($751 million after tax) from the sale of its GBTG stake and a restructuring charge of $336 million ($253 million after tax).
The company said billed business for Q3 grew 8% from a year earlier, and total revenues net of interest expense rose 9% on both a reported and FX-adjusted basis. It said net card fees increased 16%, and net interest income rose 10%.
Provisions for credit losses fell in Q3, the company said, citing a reserve release in the current period compared with a reserve build a year earlier. It said net write-offs increased. The company also said its net write-off rate declined and its delinquency rate remained stable.
The company said on October 8, 2026 that American Express Company and American Express Travel Related Services Company, Inc. consented to an order from the Federal Reserve, and that AENB consented to an order from the OCC. AENB agreed to pay the OCC a civil money penalty of $350 million, part of which was previously reserved.
Summary
AI-writtenAnalysis 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 2026 Net Income and GBTG Stake Sale Gain
American Express said net income for Q3 2026 was $3.7 billion ($5.42 per share), compared with $2.9 billion ($4.14 per share) a year earlier. The same quarter included a gain of $982 million ($751 million after tax) from the sale of its GBTG stake and a restructuring charge of $336 million ($253 million after tax).
Source · Based on the MD&A text of the filing
Billed Business Up 8%, Total Revenues Up 9%
The company said billed business for Q3 grew 8% from a year earlier, and total revenues net of interest expense rose 9% on both a reported and FX-adjusted basis. It said net card fees increased 16%, and net interest income rose 10%.
Source · Based on the MD&A text of the filing
Lower Credit Loss Provisions and Net Write-Off Rate
Provisions for credit losses fell in Q3, the company said, citing a reserve release in the current period compared with a reserve build a year earlier. It said net write-offs increased. The company also said its net write-off rate declined and its delinquency rate remained stable.
Source · Based on the MD&A text of the filing
Regulatory Orders and Civil Money Penalty on October 8, 2026
The company said on October 8, 2026 that American Express Company and American Express Travel Related Services Company, Inc. consented to an order from the Federal Reserve, and that AENB consented to an order from the OCC. AENB agreed to pay the OCC a civil money penalty of $350 million, part of which was previously reserved.
Source · Based on the MD&A text of the filing
Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC 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.
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