Welcome to our dedicated page for AMERICAN EXPRESS CO SEC filings (Ticker: AXP), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
American Express Company filings document the regulatory record of a global payments company with consumer, small-business, commercial, and merchant-network activities. Current reports and Regulation FD disclosures cover operating results, supplemental financial data, Card Member loan delinquency and write-off statistics for U.S. Consumer and U.S. Small Business portfolios, and risk disclosures tied to spending volumes, partnerships, regulation, litigation, competition, and reputation.
Its filings also address capital structure and governance, including fixed-to-floating rate note issuances under shelf registration materials, common-share dividend actions, annual meeting voting results, director elections, auditor ratification, executive compensation votes, shareholder proposals, and related proxy disclosures.
American Express Company reported issuing 1,600 shares of 6.450% Fixed Rate Reset Noncumulative Preferred Shares, Series E, $1.66 ⅔ par value per share, which were deposited against delivery of depositary receipts representing 1,600,000 Depositary Shares, each equal to a 1/1,000th interest in a Series E Preferred Share.
The company filed a Certificate of Amendment on August 11, 2026 to fix the designations, preferences, limitations and relative rights of the Series E Preferred Shares, which carry a liquidation preference of $1,000,000 per share. The sale of the Depositary Shares was closed on August 12, 2026 under an underwriting agreement dated August 5, 2026.
Under the Series E terms, if full dividends are not declared and paid (or set aside) on the Series E Preferred Shares, the company’s ability to pay dividends, make distributions, or redeem, purchase or make liquidation payments on its common shares and certain parity preferred shares, including Series D Preferred Shares, will be restricted. The company plans to send a redemption notice for depositary shares representing 1/1,000th interests in Series D Preferred Shares, which would result in full redemption on September 15, 2026 at an aggregate redemption price of $1,000,000 per Series D Preferred Share (equivalent to $1,000 per Series D Depositary Share), plus any declared and unpaid dividends.
American Express filed a Form 13F Holdings Report as an institutional investment manager. The report lists holdings in 1 reportable position with a total reported value of $1,481,612,409 (rounded to the nearest dollar) and indicates there are no other included managers.
American Express Company is conducting a primary offering of 1,600,000 depositary shares, each representing a 1/1,000th interest in a Series E 6.450% Fixed Rate Reset Noncumulative Preferred Share with a $1,000 liquidation preference per depositary share, totaling $1.6 billion of liquidation preference. The public offering price is $1,000 per depositary share, with a $10 underwriting discount and $990 in proceeds to the issuer before expenses; net proceeds are estimated at about $1.58 billion.
Dividends are noncumulative and payable quarterly, when and if declared, at 6.450% per year until September 15, 2031, then reset every five years to the five-year U.S. Treasury rate plus 2.119%. The shares are perpetual, rank senior to common stock and equal to Series D preferred, and may be redeemed at $1,000 per depositary share on any dividend date on or after September 15, 2031 or following a Regulatory Capital Event, subject to Federal Reserve approval. The depositary shares will not be listed on any securities exchange. Net proceeds are intended for general corporate purposes, including potentially redeeming outstanding Series D Preferred Shares.
American Express Company announced the launch of a proposed public offering of depositary shares, each representing a 1/1,000th interest in a new series of Fixed Rate Reset Noncumulative Preferred Shares, Series E, with $1.662/3 par value per share.
The company intends to use net proceeds for general corporate purposes, including potentially redeeming outstanding 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D, with $1.662/3 par value per share. Whether the offering prices or closes, and whether any Series D shares are redeemed, is subject to market conditions and other factors, and there is no assurance these actions will occur.
American Express Company plans a primary offering of depositary shares, each representing a 1/1,000th interest in a new Series E perpetual Fixed Rate Reset Noncumulative Preferred Share. Each preferred share has a $1,000,000 liquidation preference, equivalent to $1,000 per depositary share.
Dividends are discretionary, paid quarterly when and if declared, at a fixed rate until a first reset date in 2031, and thereafter at the five‑year U.S. Treasury rate plus a spread. Dividends are noncumulative: missed dividends do not accrue. The shares are perpetual, redeemable at the issuer’s option on dividend dates on or after the reset date, or earlier upon a Regulatory Capital Event, in each case at liquidation value plus any declared but unpaid dividends, subject to Federal Reserve approval.
The preferred ranks senior to common stock and pari passu with the outstanding 3.550% Series D preferred for dividends and liquidation, and is intended to qualify as non‑common Tier 1 capital under Basel III. Net proceeds are expected to be used for general corporate purposes, including potential partial or full redemption of the Series D preferred. The depositary shares will not be listed on any securities exchange, and investors face typical risks of bank‑regulatory limits on dividends and redemptions, noncumulative dividends, limited voting rights, and potential illiquidity.
American Express Company reported second-quarter 2026 total revenues net of interest expense of $19,637 million, up 10% from a year earlier. Net income was $3,110 million and diluted EPS was $4.53, compared with $2,885 million and $4.08 in 2025.
Card activity remained robust: network volumes reached $516.8 billion and billed business grew 9%, with broad-based gains in Goods & Services and Travel & Entertainment. Total Card balances and Other loans rose 8% to $229,481 million, while credit quality stayed stable with a 2.0% principal-only net write-off rate and 1.2% consumer and small business delinquency.
Across segments, U.S. Consumer Services revenues increased 11%, Commercial Services 7% and International Card Services 12%, all net of interest expense. Return on average equity was 36.4%, the Common Equity Tier 1 capital ratio stood at 10.4%, and the company returned $2,887 million to shareholders in Q2 via repurchases and dividends.
American Express Company reported strong second-quarter 2026 results and raised its full-year 2026 revenue growth guidance to 10%. Q2 total revenues net of interest expense were $19.6 billion, up 10% year-over-year, driven by higher Card Member spending, increased net interest income and strong card fee growth. Net income was $3.1 billion, with diluted EPS of $4.53, up 11% from $4.08 a year earlier.
Provisions for credit losses fell to $1.1 billion from $1.4 billion, reflecting a reserve release, while the net write-off rate on consumer and small business principal balances held at 2.0%. Consolidated expenses rose 12% to $14.5 billion, mainly from higher rewards, benefits usage and operating costs, and the effective tax rate increased to 23.6% from 18.7%. Billed business reached $455.8 billion, network volumes were $516.8 billion, and return on average equity was a high 36.4%. The company also highlighted strategic initiatives, including the proposed acquisition of TheFork, new partnerships with Fanatics and Accor, expanded travel and Membership Rewards benefits, and the pilot of a new expense management platform.
American Express Company provides updated credit metrics for its U.S. Consumer and U.S. Small Business card portfolios for the months ended April 30, May 31 and June 30, 2026 and the three months ended June 30, 2026. Card balances classified as held for sale are excluded. U.S. Consumer total card balances held for investment were $113.8 billion at June 30, 2026, with 30‑days‑past‑due loans at 1.1% of balances and a principal‑only net write‑off rate of 1.4% for June and 1.8% for the three‑month period.
U.S. Small Business card balances totaled $45.9 billion at June 30, 2026, with 30‑days‑past‑due loans at 1.4% and a June net write‑off rate of 2.3%. Combined U.S. Consumer and U.S. Small Business card balances held for investment were $159.7 billion at June 30, 2026. The American Express Credit Account Master Trust reported an ending principal balance of $25.2 billion, an annualized default rate, net of recoveries, of 0.7%, and $0.2 billion of 30+‑days‑delinquent balances for the period June 1–30, 2026. A June 2026 sale of certain previously written‑off card balances to a third party reduced reported June net write‑off rates by approximately 0.3% for U.S. Consumer and 0.1% for U.S. Small Business, and the Trust’s June default rate reflects proceeds from that sale.
Young Christopher David reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN EXPRESS CO director Christopher David Young reported a compensation-related award of 119.746 Share Equivalent Units on common stock, each reflecting the value of one common share. These units were granted under the Directors' Deferred Compensation Plan, carry a reference price of $334.04 per unit, and will be settled in cash after his service as a director ends. The units are convertible immediately upon termination of service and have no expiration date. Following this award, Young holds a total of 20,991.920 Share Equivalent Units linked to American Express common stock.
WARDELL LISA W reported acquisition or exercise transactions in this Form 4 filing.
American Express director Lisa W. Wardell received 112.262 Share Equivalent Units as a grant, each reflecting the value of one common share. The units were credited at a reference price of $334.04 per unit under the Directors' Deferred Compensation Plan.
Following this award, she holds a total of 10,425.420 Share Equivalent Units. These units are payable in cash after her service as a director ends, are immediately convertible upon termination of service, and have no expiration date. Some units also reflect dividend reinvestment features of director plans.