American Express director Thomas J. Baltimore Jr. received a grant of deferred compensation in the form of share equivalent units. He acquired 742.115 share equivalent units on May 5, 2026, bringing his reported balance in this instrument to 10,247.138 units.
Each share equivalent unit tracks the value of one common share but will be settled in cash rather than stock under the Directors' Deferred Compensation Plan. The units are payable and convertible into a cash amount based on the share value after his service as a director ends and have no expiration date.
Angelakis Michael J reported acquisition or exercise transactions in this Form 4 filing.
AMERICAN EXPRESS CO director Michael J. Angelakis received a compensation award of Share Equivalent Units. On the stated date, he was granted 742.115 Share Equivalent Units, bringing his total to 1,850.298 units. Each unit reflects the value of one common share but will be settled in cash, not stock.
The award was made under the Directors' Deferred Compensation Plan, with some units also coming from a dividend reinvestment feature and a prior share unit plan for directors. These units become payable in cash after his service as a director ends and are described as convertible at that time with no expiration date.
American Express Company issued $1,750,000,000 aggregate principal amount of 4.444% Fixed-to-Floating Rate Notes due May 3, 2030. The notes were issued on May 4, 2026 under an existing shelf registration on Form S‑3.
The notes are governed by a senior indenture dated August 1, 2007 with The Bank of New York Mellon as trustee, as supplemented by first and second supplemental indentures from 2021 and 2023. Related legal opinions and consents from counsel are filed as exhibits.
American Express Company announced it will sell its approximately 30% equity interest in Global Business Travel Group, Inc. in connection with Long Lake and General Catalyst’s agreement to acquire GBTG.
Upon closing, American Express expects to receive about $1.5 billion in proceeds and recognize an estimated $975 million pre-tax gain. This gain was not included in its previously provided FY 2026 earnings guidance. The company plans to invest part of the gain to support its business and return part to shareholders, while existing brand licensing and commercial agreements with GBTG remain in place.
American Express Co ownership disclosure: Vanguard Capital Management reports beneficial ownership of 38,301,348 shares of Common Stock, representing 5.58% of the class. The filing states sole dispositive power for 38,301,348 shares and sole voting power for 5,291,133 shares. The filing notes this position reflects holdings across Vanguard Capital Management LLC and specified affiliates, per SEC Release No. 34-39538.
American Express Company is offering $1,750,000,000 principal amount of 4.444% fixed-to-floating rate notes due May 3, 2030. Interest is fixed at 4.444% through May 3, 2029, then resets to Compounded SOFR + 0.811% for the remaining year. Delivery is expected on May 4, 2026. Net proceeds are estimated at approximately $1.74 billion and will be used for general corporate purposes. The notes are senior unsecured, rank equal to other senior unsecured debt, are not listed on an exchange and will be issued in book-entry form through DTC.
American Express Company reported solid growth for the quarter ended March 31, 2026, driven by higher card spending and lending. Total revenues net of interest expense rose to $18.9 billion from $17.0 billion, an 11% increase, while net income increased to $3.0 billion, with diluted EPS of $4.28 versus $3.64 a year earlier.
Network volumes reached $486.3 billion, up 11%, and billed business grew 10%, supported by strong U.S. consumer and international spending. Credit metrics remained stable, with Card balances net write-off rate at 2.3% and 30+ day delinquencies for consumer and small business at 1.3%. Return on average equity was 35.2%.
The company maintained a Common Equity Tier 1 ratio of 10.5% and returned $2.3 billion to shareholders through $1.7 billion of share repurchases and $652 million of common dividends. Customer deposits grew to $157.9 billion, and cash and cash equivalents totaled $53.8 billion, supporting a strong liquidity profile.
American Express Company reported strong Q1 2026 results. Total revenues net of interest expense were $18.9 billion, up 11% year-over-year, or 10% on an FX-adjusted basis, driven by higher Card Member spending, increased net interest income and strong card fee growth.
Net income was $2.97 billion, up 15%, and diluted EPS was $4.28, up 18% from $3.64. Billed business reached $428.0 billion, up 10%. Provisions for credit losses were $1.25 billion, up 9%, while the principal-only net write-off rate for consumer and small business card balances was 2.0%.
Total expenses rose 11% to $13.9 billion, largely from higher variable customer engagement costs and operating expenses. The effective tax rate declined to 21.4%. Return on average common equity was 36.6%, and the company reaffirmed its full-year 2026 revenue and EPS guidance.
American Express Company furnished updated credit quality statistics for its U.S. Consumer and U.S. Small Business Card Member loans for the months ended January, February and March 31, 2026, and for the three months ended March 31, 2026.
For U.S. Consumer Card Member loans, total loans were $97.5 billion at March 31, 2026, with 30‑day‑plus delinquencies at 1.4% of total loans and a preliminary net write‑off rate of 2.2% based on principal only. U.S. Small Business Card Member loans totaled $32.2 billion, with 30‑day‑plus delinquencies at 1.7% and a net write‑off rate of 2.9%.
The company also provided data for the American Express Credit Account Master Trust, which securitizes a portion of these loans. For March 2026, the trust reported an ending total principal balance of $25.1 billion, an annualized default rate net of recoveries of 1.2%, and total 30‑plus‑days‑delinquent balances of $0.2 billion. The company noted that trust performance can differ from the broader portfolios due to differences in loan mix, aging, calculation methods and normal monthly variability.