Q2 2026 Earnings

Reported July 24, 2026

Quarter Comparison

Revenue

Net Margin

Free Cash Flow

Income Statement

Cash Flow Statement

Balance Sheet

Operating metrics disclosed this quarter

Read from the filing itself — XBRL does not carry these, so no standard financial dataset has them.

Average Fee per Card
$131
Table 5: Selected Card-Related Statistical Information As of or for the Three Months Ended June 30, Change 2026 vs. 2025 As of or for the Six Months Ended June 30, Change 2026 vs. 2025 2026 | | | 2025 | | | | 2026 | | | 2025 Network volumes (billions) $ | | 516.8 | | | $ | | 472.0 | | | 9 | | % | | | $ | | 1,003.1 | | | $ | | 911.6 | | | 10 | | % Billed business | | | $ | | 455.8 | | | $ | | 416.3 | | | 9 | | | | $ | | 883.8 | | | $ | | 803.7 | | | 10 Cards-in-force (millions) 155.1 | | | 149.4 | | | 4 | | | | 155.1 | | | 149.4 | | | 4 Proprietary cards-in-force | | | 87.6 | | | 85.2 | | | 3 | | | | 87.6 | | | 85.2 | | | 3 Basic cards-in-force (millions) 130.6 | | | 126.0 | | | 4 | | | | 130.6 | | | 126.0 | | | 4 Proprietary basic cards-in-force | | | 67.5 | | | 65.6 | | | 3 | | | | 67.5 | | | 65.6 | | | 3 Average proprietary basic Card Member spending (dollars) $ | | 6,759 | | | $ | | 6,370 | | | 6 | | | | $ | | 13,168 | | | $ | | 12,362 | | | 7 Average fee per card (dollars) (a) $ | | 131 | | | $ | | 117 | | | 12 | | % | | | $ | | 129 | | | $ | | 114 | | | 13 | | % Proprietary new cards acquired (millions) 3.0 | | | 3.1 | | | | | 6.1 | | | 6.4 Discount revenue as a % of billed business | | | 2.23 | | % | | | 2.25 | | % | | | | | 2.23 | | % | | | 2.25 | | % (a) Average fee per card is computed on an annualized basis based on proprietary Net card fees divided by average proprietary total cards-in-force.
Card Balance Net Write-Off Rate - Principal Only
2
Table 7: Selected Credit-Related Statistical Information As of or for the Three Months Ended June 30, Change 2026 vs. 2025 As of or for the Six Months Ended June 30, Change 2026 vs. 2025 (Millions, except percentages) 2026 | | | 2025 | | | | 2026 | | | 2025 Card balances $ | | 218,054 | | | $ | | 201,873 | | | 8 | | % | | | $ | | 218,054 | | | $ | | 201,873 | | | 8 | | % Credit loss reserves: Beginning reserves $ | | 6,065 | | | $ | | 5,740 | | | 6 | | | | $ | | 6,089 | | | $ | | 5,850 | | | 4 Provisions — principal, interest and fees | | | 1,017 | | | 1,320 | | | (23) | | | | 2,204 | | | 2,367 | | | (7) Net write-offs — principal, interest and fees, less recoveries | | | (1,207) | | | (1,122) | | | 8 | | | | (2,420) | | | (2,287) | | | 6 Other (a) (9) | | | 22 | | | # | | | (8) | | | 30 | | | # Ending reserves $ | | 5,866 | | | $ | | 5,960 | | | (2) | | | | $ | | 5,866 | | | $ | | 5,960 | | | (2) % of Card balances 2.7 | | % | | | 3.0 | | % | | | | | 2.7 | | % | | | 3.0 | | % % of past due — consumer and small business 248 | | % | | | 252 | | % | | | | | 248 | | % | | | 252 | | % Average Card balances | | | 216,710 | | | 201,175 | | | 8 | | % | | | 214,446 | | | 198,292 | | | 8 | | % Net write-off rate — principal, interest and fees (b) 2.2 | | % | | | 2.2 | | % | | | | | 2.3 | | % | | | 2.3 | | % Net write-off rate — principal only — consumer and small business (b)(c) 2.0 | | % | | | 2.0 | | % | | | | | 2.0 | | % | | | 2.1 | | % 30+ days past due as a % of total — consumer and small business 1.2 | | % | | | 1.3 | | % | | | | | 1.2 | | % | | | 1.3 | | % 90+ days past billing as a % of total — corporate (d) 0.4 | | % | | | 0.4 | | % | | | | | 0.4 | | % | | | 0.4 | | % # Denotes a variance of 100 percent or more (a) Other includes foreign currency translation adjustments. (b) We present a net write-off rate based on principal losses only (i.e., excluding interest and/or fees) to be consistent with industry convention. In addition, as our practice is to include uncollectible interest and/or fees as part of our total provision for credit losses, a net write-off rate including principal, interest and/or fees is also presented. (c) A net write-off rate based on principal losses only is not available for corporate Card balances due to system constraints. (d) For corporate Card balances, delinquency data is tracked based on days past billing status rather than days past due. A Card Member account is considered 90 days past billing if payment has not been received within 90 days of the Card Member’s billing statement date. In addition, if we initiate collection procedures on an account prior to the account becoming 90 days past billing, the associated Card balance is classified as 90 days past billing. Corporate Card balances delinquency data for periods other than 90+ days past billing and the net write-off rate based on principal losses only are not available due to system constraints.

Card Balances 30+ Days Past Due Rate

1.2%

Table 7: Selected Credit-Related Statistical Information As of or for the Three Months Ended June 30, Change 2026 vs. 2025 As of or for the Six Months Ended June 30, Change 2026 vs. 2025 (Millions, except percentages) 2026 | | | 2025 | | | | 2026 | | | 2025 Card balances $ | | 218,054 | | | $ | | 201,873 | | | 8 | | % | | | $ | | 218,054 | | | $ | | 201,873 | | | 8 | | % Credit loss reserves: Beginning reserves $ | | 6,065 | | | $ | | 5,740 | | | 6 | | | | $ | | 6,089 | | | $ | | 5,850 | | | 4 Provisions — principal, interest and fees | | | 1,017 | | | 1,320 | | | (23) | | | | 2,204 | | | 2,367 | | | (7) Net write-offs — principal, interest and fees, less recoveries | | | (1,207) | | | (1,122) | | | 8 | | | | (2,420) | | | (2,287) | | | 6 Other (a) (9) | | | 22 | | | # | | | (8) | | | 30 | | | # Ending reserves $ | | 5,866 | | | $ | | 5,960 | | | (2) | | | | $ | | 5,866 | | | $ | | 5,960 | | | (2) % of Card balances 2.7 | | % | | | 3.0 | | % | | | | | 2.7 | | % | | | 3.0 | | % % of past due — consumer and small business 248 | | % | | | 252 | | % | | | | | 248 | | % | | | 252 | | % Average Card balances | | | 216,710 | | | 201,175 | | | 8 | | % | | | 214,446 | | | 198,292 | | | 8 | | % Net write-off rate — principal, interest and fees (b) 2.2 | | % | | | 2.2 | | % | | | | | 2.3 | | % | | | 2.3 | | % Net write-off rate — principal only — consumer and small business (b)(c) 2.0 | | % | | | 2.0 | | % | | | | | 2.0 | | % | | | 2.1 | | % 30+ days past due as a % of total — consumer and small business 1.2 | | % | | | 1.3 | | % | | | | | 1.2 | | % | | | 1.3 | | % 90+ days past billing as a % of total — corporate (d) 0.4 | | % | | | 0.4 | | % | | | | | 0.4 | | % | | | 0.4 | | % # Denotes a variance of 100 percent or more (a) Other includes foreign currency translation adjustments. (b) We present a net write-off rate based on principal losses only (i.e., excluding interest and/or fees) to be consistent with industry convention. In addition, as our practice is to include uncollectible interest and/or fees as part of our total provision for credit losses, a net write-off rate including principal, interest and/or fees is also presented. (c) A net write-off rate based on principal losses only is not available for corporate Card balances due to system constraints. (d) For corporate Card balances, delinquency data is tracked based on days past billing status rather than days past due. A Card Member account is considered 90 days past billing if payment has not been received within 90 days of the Card Member’s billing statement date. In addition, if we initiate collection procedures on an account prior to the account becoming 90 days past billing, the associated Card balance is classified as 90 days past billing. Corporate Card balances delinquency data for periods other than 90+ days past billing and the net write-off rate based on principal losses only are not available due to system constraints.

Corporate Card Balances 90+ Days Past Billing Rate

0.4%

Proprietary New Cards Acquired

Table 5: Selected Card-Related Statistical Information As of or for the Three Months Ended June 30, Change 2026 vs. 2025 As of or for the Six Months Ended June 30, Change 2026 vs. 2025 2026 | | | 2025 | | | | 2026 | | | 2025 Network volumes (billions) $ | | 516.8 | | | $ | | 472.0 | | | 9 | | % | | | $ | | 1,003.1 | | | $ | | 911.6 | | | 10 | | % Billed business | | | $ | | 455.8 | | | $ | | 416.3 | | | 9 | | | | $ | | 883.8 | | | $ | | 803.7 | | | 10 Cards-in-force (millions) 155.1 | | | 149.4 | | | 4 | | | | 155.1 | | | 149.4 | | | 4 Proprietary cards-in-force | | | 87.6 | | | 85.2 | | | 3 | | | | 87.6 | | | 85.2 | | | 3 Basic cards-in-force (millions) 130.6 | | | 126.0 | | | 4 | | | | 130.6 | | | 126.0 | | | 4 Proprietary basic cards-in-force | | | 67.5 | | | 65.6 | | | 3 | | | | 67.5 | | | 65.6 | | | 3 Average proprietary basic Card Member spending (dollars) $ | | 6,759 | | | $ | | 6,370 | | | 6 | | | | $ | | 13,168 | | | $ | | 12,362 | | | 7 Average fee per card (dollars) (a) $ | | 131 | | | $ | | 117 | | | 12 | | % | | | $ | | 129 | | | $ | | 114 | | | 13 | | % Proprietary new cards acquired (millions) 3.0 | | | 3.1 | | | | | 6.1 | | | 6.4 Discount revenue as a % of billed business | | | 2.23 | | % | | | 2.25 | | % | | | | | 2.23 | | % | | | 2.25 | | % (a) Average fee per card is computed on an annualized basis based on proprietary Net card fees divided by average proprietary total cards-in-force.

Average Proprietary Basic Card Member Spending

$6,759

Basic Cards-in-Force

130.6

Cards-in-Force

155.1

Proprietary Basic Cards-in-Force

67.5

Proprietary Cards-in-Force

87.6

Direct Deposit Program Accounts

4.3

Average Rate Paid on U.S. Interest-Bearing Deposits

3.3

Deposit Programs We offer deposits within our U.S. bank subsidiary, AENB. These funds are currently insured up to an amount that is at least $250,000 per depositor, per ownership category through the FDIC ; as of June 30, 2026, approximately 92 percent of these deposits were insured. Our ability to ob tain deposit funding and offer competitive interest rates is dependent on, among other factors, the capital level of AENB. The direct deposit program offered by AENB is our primary deposit product channel, which makes FDIC-insured high-yield savings account, certificates of deposit (CDs), business checking and consumer checking account products avail able directly to customers. As of June 30, 2026, our direct deposit program had approximately 4.3 million accounts. AENB also sources deposits through third-party distribution channels as needed to meet our overall funding objectives. CDs carry stated maturities while high-yield savings account, checking account and third-party sweep deposit products do not. We manage the duration of our maturing obligations, including CDs, to reduce concentration and refinancing risk. As of June 30, 2026 and December 31, 2025, we had $157.0 billion and $152.5 billion, respectively, in deposits. Refer to Note 6 to the “Consolidated Financial Statements” for a further description of these deposits and scheduled maturities of certificates of deposits. The following tables set forth the average interest rates we paid on different types of deposits during the three and six months ended June 30, 2026 and 2025. The change in the average interest rate we paid on our interest-bearing deposits compared to the prior year was primarily due to the impact of lower market interest rates offered for savings deposits. Table 20: Average Interest Rates Paid on Deposits Three Months Ended June 30, 2026 2025 (Millions, except percentages) Average Balance | | | Interest Expense Average Interest Rate (a) Average Balance | | | Interest Expense Average Interest Rate (a) Savings accounts $ | | 120,708 | | | | $ | | 945 | | | | 3.1 | | % | | | $ | | 113,134 | | | | $ | | 1,012 | | | | 3.6 | | % Checking accounts 3,390 | | | 12 | | | | 1.4 | | | | 2,414 | | | | 14 | | | | 2.3 Certificates of deposit: Direct | | | 7,861 | | | 74 | | | 3.8 | | | | 4,524 | | | 45 | | | 4.0 Third-party (brokered) | | | 9,339 | | | 99 | | | 4.2 | | | | 11,240 | | | 124 | | | 4.4 Sweep accounts — Third-party (brokered) | | | 14,788 | | | 146 | | | 4.0 | | | | 15,395 | | | 179 | | | 4.7 Total U.S. interest-bearing deposits $ | | 156,085 | | | | $ | | 1,276 | | | | 3.3 | | % | | | $ | | 146,707 | | | | $ | | 1,374 | | | | 3.8 | | %

FDIC-Insured Deposits as a Percentage of AENB Deposits

92.0%

Net Interest Yield

8.1

Selected Metrics and Ratios Network volumes (billions) $ | | 516.8 | | | $ | | 472.0 | | | $ | | 45 | | | | 9 | | % | | | $ | | 1,003.1 | | | $ | | 911.6 | | | $ | | 92 | | | | 10 | | % Billed business (billions) $ | | 455.8 | | | 416.3 | | | 40 | | | | 9 | | | | $ | | 883.8 | | | 803.7 | | | 80 | | | | 10 Billed business (billions) (FX-adjusted) (a) $ | | 416.8 | | | $ | | 39 | | | | 9 | | % | | | | | $ | | 810.4 | | | $ | | 73 | | | | 9 | | % Net interest yield (c) 8.1 | | % | | | 7.9 | | % | | | | | | | 8.3 | | % | | | 8.1 | | % Card balances Net write-off rate — principal, interest and fees (d) 2.2 | | % | | | 2.2 | | % | | | | | | | 2.3 | | % | | | 2.3 | | % Net write-off rate — principal only — consumer and small business (d)(e) 2.0 | | % | | | 2.0 | | % | | | | | | | 2.0 | | % | | | 2.1 | | % 30+ days past due as a % of total — consumer and small business 1.2 | | % | | | 1.3 | | % | | | | | | | 1.2 | | % | | | 1.3 | | % 90+ days past billing as a % of total — corporate (f) 0.4 | | % | | | 0.4 | | % | | | | | | | 0.4 | | % | | | 0.4 | | % Effective tax rate | | | 23.6 | | % | | | 18.7 | | % | | | | | | | 22.5 | | % | | | 20.5 | | % Return on average equity (g) 36.4 | | % | | | 36.3 | | % | | | | | | | 35.9 | | % | | | 35.0 | | % Common Equity Tier 1 | | | 10.4 | | % | | | 10.6 | | % | | | | | | | 10.4 | | % | | | 10.6 | | % (a) The foreign currency adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency conversion into U.S. dollars (i.e., assumes the foreign exchange rates used to determine results for the current period apply to the corresponding prior year period against which such results are being compared). FX-adjusted Total revenues net of interest expense and Total Card balances and Other loans are non-GAAP measures. We believe the presentation of information on a foreign currency adjusted basis is helpful to investors by making it easier to compare our performance in one period to that of another period without the variability caused by fluctuations in currency exchange rates. (b) Reflects net income, less (i) earnings allocated to participating share awards of $20 million and $18 million for the three months ended June 30, 2026 and 2025, respectively, and $39 million and $36 million for the six months ended June 30, 2026 and 2025, respectively, and (ii) dividends on preferred shares of $15 million for both the three months ended June 30, 2026 and 2025, and $29 million for both the six months ended June 30, 2026 and 2025. (c) Represents net interest income, computed on an annualized basis, divided by average Card balances, Card balances held for sale (HFS) and Other loans. (d) We present a net write-off rate based on principal losses only (i.e., excluding interest and/or fees) to be consistent with industry convention. In addition, as our practice is to include uncollectible interest and/or fees as part of our total provision for credit losses, a net write-off rate including principal, interest and/or fees is also presented. (e) A net write-off rate based on principal losses only is not available for corporate Card balances due to system constraints. (f) For corporate Card balances, delinquency data is tracked based on days past billing status rather than days past due. A Card Member account is considered 90 days past billing if payment has not been received within 90 days of the Card Member’s billing statement date. In addition, if we initiate collection procedures on an account prior to the account becoming 90 days past billing, the associated Card balance is classified as 90 days past billing. Corporate Card balances delinquency data for periods other than 90+ days past billing and the net write-off rate based on principal losses only are not available due to system constraints. (g) Return on average equity (ROE) is calculated by dividing (i) annualized net income for the period by (ii) average shareholders’ equity for the period.

Average Liquidity Coverage Ratio

197.0%

We are also subject to additional standards for liquidity risk supervision as implemented by the U.S. federal bank regulatory agencies, including the liquidity coverage ratio (LCR) and net stable funding ratio (NSFR), and are required to calculate the LCR and the NSFR on a daily basis and make separate public disclosures related to the LCR on a quarterly basis and the NSFR on a semi-annual basis. For the three months ended June 30, 2026, the average LCR and NSFR for American Express Company each exceeded the minimum requirement of 100 percent. The following table presents American Express Company’s average LCR for the three months ended June 30, 2026: Table 21: Liquidity Coverage Ratio (Millions, except percentages) Three Months Ended (a) June 30, 2026 American Express Company: Average high-quality liquid assets (HQLA) amount (b) $ | | 18,922 Average total adjusted net cash outflow (c) $ | | 9,626 Average Liquidity Coverage Ratio | | | 197 | | % (a) Represents the average weighted amount after applying regulatory-prescribed HQLA haircuts or cash outflow and inflow rates. (b) Excludes average excess eligible HQLA not freely transferable by AENB. (c) Represents total net cash outflow multiplied by an adjustment of 85 percent, which continues to apply through the transition period following American Express Company becoming a Category II firm in the second quarter of 2026. For the three months ended March 31 and June 30, 2026, the average NSFR for American Express Company was 124 percent and 121 percent, respectively, with required stable funding multiplied by an adjustment of 85 percent. See the “Supervision and Regulation — Capital and Liquidity Regulation” and “Enhanced Prudential Standards” sections of our Annual Report on Form 10-K for the year ended December 31, 2025 (the 2025 Form 10-K) for more information.

Average Net Stable Funding Ratio

121.0%

Discount Revenue as a Percentage of Billed Business

2.2%

Billed Business

$455.8

Network Volumes

$516.8

Common Equity Tier 1 Capital Ratio

10.4%

The following table presents our regulatory risk-based capital and leverage ratios and those of American Express National Bank (AENB), as of June 30, 2026: Table 15: Regulatory Risk-Based Capital and Leverage Ratios Effective Minimum (a) Ratios as of June 30, 2026 Risk-Based Capital Common Equity Tier 1 | | | 7.0 | | % American Express Company | | | | | 10.4 | | % American Express National Bank | | | | | 10.9 Tier 1 | | | 8.5 American Express Company | | | | | 11.0 American Express National Bank | | | | | 10.9 Total | | | 10.5 American Express Company | | | | | 13.1 American Express National Bank | | | | | 13.0 Tier 1 Leverage | | | 4.0 American Express Company | | | | | 9.6 American Express National Bank | | | | | 8.8 Supplementary Leverage Ratio 3.0 | | % American Express Company | | | | | 8.2 American Express National Bank | | | | | 7.4 | | % (a) Represents Basel III minimum requirements and applicable regulatory buffers as defined by the federal banking regulators, which includes the stress capital buffer (SCB) for American Express Company and the capital conservation buffer for AENB. The following table presents American Express Company’s regulatory risk-based capital and risk-weighted assets as of June 30, 2026: Table 16: Regulatory Risk-Based Capital Components and Risk-Weighted Assets American Express Company ($ in Millions) June 30, 2026 Risk-Based Capital Common Equity Tier 1 | | | $ | | 27,779 Tier 1 Capital | | | 29,394 Tier 2 Capital 5,635 Total Capital | | | 35,029 Risk-Weighted Assets | | | 268,321 Average Total Assets to calculate the Tier 1 Leverage Ratio | | | 304,688 Total Leverage Exposure to calculate the Supplementary Leverage Ratio $ | | 359,052 The following are definitions for our regulatory risk-based capital and leverage ratios, which are calculated as per standard regulatory guidance: Risk-Weighted Assets — Assets are weighted for risk according to a formula used by the Federal Reserve to conform to capital adequacy guidelines. On- and off-balance sheet items are risk weighted, with off-balance sheet items converted to balance sheet equivalents, using risk conversion factors, before being assigned a risk weight. Off-balance sheet exposures comprise a minimal part of the total risk-weighted assets. Common Equity Tier 1 Risk-Based Capital Ratio — Calculated as CET1 capital, divided by risk-weighted assets. CET1 capital is common shareholders’ equity, adjusted for ineligible goodwill and intangible assets and certain deferred tax assets. Tier 1 Risk-Based Capital Ratio — Calculated as Tier 1 capital divided by risk-weighted assets. Tier 1 capital is the sum of CET1 capital, preferred shares and third-party non-controlling interests in consolidated subsidiaries, adjusted for capital held by insurance subsidiaries. We have $1.6 billion of preferred shares outstanding to help address a portion of the Tier 1 capital requirements in excess of common equity requirements. 21 Table of Contents Total Risk-Based Capital Ratio — Calculated as the sum of Tier 1 capital and Tier 2 capital, divided by risk-weighted assets. Tier 2 capital is the sum of the allowable allowance for credit losses and $2,250 million of eligible subordinated notes, adjusted for capital held by insurance subsidiaries. The $2,250 million of eligible subordinated notes includes the $500 million subordinated debt issued in February 2026, the $500 million subordinated debt issued in April 2024, the $500 million subordinated debt issued in July 2023 and the $750 million subordinated debt issued in May 2022. Tier 1 Leverage Ratio — Calculated as Tier 1 capital divided by average total consolidated assets for the most recent quarter. Average total consolidated assets reflect quarterly average assets adjusted for applicable regulatory deductions from Tier 1 capital. Supplementary Leverage Ratio — Calculated as Tier 1 capital divided by total leverage exposure. Total leverage exposure includes average on-balance sheet assets and certain off-balance sheet exposures, adjusted for applicable regulatory deductions from Tier 1 capital.

Supplementary Leverage Ratio

8.2%

Tier 1 Capital Ratio

11.0%

Tier 1 Leverage Ratio

9.6%

Total Risk-Based Capital Ratio

13.1%

Return on Average Equity

36.4

Commercial Services Average Card Member Spending

$9,607

Table 11: CS Selected Statistical Information As of or for the Three Months Ended June 30, Change 2026 vs. 2025 As of or for the Six Months Ended June 30, Change 2026 vs 2025 (Millions, except percentages and where indicated) | | | 2026 | | | 2025 | | | | 2026 | | | 2025 Billed business (billions) $ | | 141.8 | | | $ | | 135.5 | | | 5 | | % | | | $ | | 276.1 | | | $ | | 264.7 | | | 4 | | % Proprietary cards-in-force | | | 14.6 | | | 15.4 | | | (5) | | | | 14.6 | | | 15.4 | | | (5) Average Card Member spending (dollars) $ | | 9,607 | | | $ | | 8,782 | | | 9 | | | | $ | | 18,426 | | | $ | | 17,165 | | | 7 Total segment assets $ | | 65,567 | | | $ | | 62,152 | | | 5 | | | | $ | | 65,567 | | | $ | | 62,152 | | | 5 Total Card balances | | | $ | | 58,952 | | | $ | | 55,098 | | | 7 | | | | $ | | 58,952 | | | $ | | 55,098 | | | 7 Average Card balances | | | $ | | 59,287 | | | $ | | 57,113 | | | 4 | | % | | | $ | | 58,218 | | | $ | | 56,170 | | | 4 | | % Net write-off rate — principal, interest and fees (a) 2.3 | | % | | | 2.2 | | % | | | | | 2.3 | | % | | | 2.2 | | % Net write-off rate — principal only — small business (a)(b) 2.4 | | % | | | 2.3 | | % | | | | | 2.5 | | % | | | 2.3 | | % 30+ days past due as a % of total — small business 1.4 | | % | | | 1.5 | | % | | | | | 1.4 | | % | | | 1.5 | | % 90+ days past billing as a % of total — corporate (b) 0.4 | | % | | | 0.4 | | % | | | | | 0.4 | | % | | | 0.4 | | % (a) Refer to Table 7 footnote (b). (b) Refer to Table 7 footnote (d).

International Card Services Average Proprietary Basic Card Member Spending

$6,535

Table 13: ICS Selected Statistical Information As of or for the Three Months Ended June 30, Change 2026 vs. 2025 As of or for the Six Months Ended June 30, Change 2026 vs. 2025 (Millions, except percentages and where indicated) | | | 2026 | | | 2025 | | | | 2026 | | | 2025 Billed business (billions) $ | | 117.2 | | | $ | | 103.9 | | | 13 | | % | | | $ | | 228.9 | | | $ | | 196.7 | | | 16 | | % Proprietary cards-in-force | | | 23.9 | | | 22.5 | | | 6 | | | | 23.9 | | | 22.5 | | | 6 Proprietary basic cards-in-force | | | 18.0 | | | 16.9 | | | 7 | | | | 18.0 | | | 16.9 | | | 7 Average proprietary basic Card Member spending (dollars) $ | | 6,535 | | | $ | | 6,197 | | | 5 | | | | $ | | 13,018 | | | $ | | 11,823 | | | 10 Total segment assets $ | | 52,291 | | | $ | | 46,500 | | | 12 | | | | $ | | 52,291 | | | $ | | 46,500 | | | 12 Total Card balances | | | $ | | 45,305 | | | $ | | 40,991 | | | 11 | | | | $ | | 45,305 | | | $ | | 40,991 | | | 11 Average Card balances | | | $ | | 44,975 | | | $ | | 39,573 | | | 14 | | % | | | $ | | 44,570 | | | $ | | 38,121 | | | 17 | | % Net write-off rate — principal, interest and fees (a) 2.0 | | % | | | 2.0 | | % | | | | | 2.0 | | % | | | 1.9 | | % Net write-off rate — principal only — consumer and small business (a)(b) 1.8 | | % | | | 1.8 | | % | | | | | 1.8 | | % | | | 1.7 | | % 30+ days past due as a % of total — consumer and small business | | | 1.1 | | % | | | 1.1 | | % | | | | | 1.1 | | % | | | 1.1 | | % 90+ days past billing as a % of total — corporate (b) 0.5 | | % | | | 0.4 | | % | | | | | 0.5 | | % | | | 0.4 | | % (a) Refer to Table 7 footnote (b). (b) Refer to Table 7 footnote (d).

U.S. Consumer Services Average Proprietary Basic Card Member Spending

$5,654

Table 9: USCS Selected Statistical Information As of or for the Three Months Ended June 30, Change 2026 vs. 2025 As of or for the Six Months Ended June 30, Change 2026 vs. 2025 (Millions, except percentages and where indicated) | | | 2026 | | | 2025 | | | | 2026 | | | 2025 Billed business (billions) $ | | 196.4 | | | $ | | 176.5 | | | 11 | | % | | | $ | | 376.7 | | | $ | | 340.8 | | | 11 | | % Proprietary cards-in-force | | | 49.2 | | | 47.3 | | | 4 | | | | 49.2 | | | 47.3 | | | 4 Proprietary basic cards-in-force | | | 35.0 | | | 33.4 | | | 5 | | | | 35.0 | | | 33.4 | | | 5 Average proprietary basic Card Member spending (dollars) $ | | 5,654 | | | $ | | 5,322 | | | 6 | | | | $ | | 10,905 | | | $ | | 10,341 | | | 5 Total segment assets $ | | 123,404 | | | $ | | 113,876 | | | 8 | | | | $ | | 123,404 | | | $ | | 113,876 | | | 8 Total Card balances | | | $ | | 113,796 | | | $ | | 105,784 | | | 8 | | | | $ | | 113,796 | | | $ | | 105,784 | | | 8 Average Card balances | | | $ | | 112,449 | | | $ | | 104,488 | | | 8 | | % | | | $ | | 111,658 | | | $ | | 104,000 | | | 7 | | % Net write-off rate — principal, interest and fees (a) 2.3 | | % | | | 2.4 | | % | | | | | 2.3 | | % | | | 2.5 | | % Net write-off rate — principal only (a) 1.8 | | % | | | 1.9 | | % | | | | | 1.9 | | % | | | 2.0 | | % 30+ days past due as a % of total | | | 1.1 | | % | | | 1.2 | | % | | | | | 1.1 | | % | | | 1.2 | | % (a) Refer to Table 7 footnote (b).

Commercial Services Proprietary Cards-in-Force

14.6

International Card Services Proprietary Basic Cards-in-Force

International Card Services Proprietary Cards-in-Force

23.9

U.S. Consumer Services Proprietary Basic Cards-in-Force

U.S. Consumer Services Proprietary Cards-in-Force

49.2

Commercial Services Billed Business

$141.8

International Card Services Billed Business

$117.2

U.S. Consumer Services Billed Business

$196.4

Goods and Services Share of Billed Business

71.0%

Table 6: Network Volumes-Related Statistical Information Three Months Ended June 30, 2026 Six Months Ended June 30, 2026 Year over Year Percentage Increase (Decrease) Year over Year Percentage Increase (Decrease) Assuming No Changes in FX Rates (a) Year over Year Percentage Increase (Decrease) Year over Year Percentage Increase (Decrease) Assuming No Changes in FX Rates (a) Network volumes | | | 9 | | % | | | 9 | | % | | | 10 | | % | | | 9 | | % Total billed business | | | 9 | | | | 9 | | | | 10 | | | | 9 U.S. Consumer Services | | | 11 | | | | | | 11 Commercial Services | | | 5 | | | | 5 | | | | 4 | | | | 4 International Card Services | | | 13 | | | | 12 | | | | 16 | | | | 13 Merchant industry billed business metrics G&S spend (71% of billed business for both the three and six months ended June 30, 2026) 9 | | | | 9 | | | | 9 | | | | 9 T&E spend (28% and 29% of billed business for the three and six months ended June 30, 2026, respectively) 10 | | % | | | 10 | | % | | | 11 | | % | | | 10 | | % (a) The foreign currency adjusted information assumes a constant exchange rate between the periods being compared for purposes of conversion into U.S. dollars (i.e., assumes the foreign exchange rates used to determine results for the current period apply to the corresponding prior year period against which such results are being compared).

Travel and Entertainment Share of Billed Business

28.0%