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Exhibit 99.2
American Express Company(Preliminary)
Consolidated Statements of Income
(Millions, except percentages and per share amounts)
Q3'21Q2'21Q1'21Q4'20Q3'20YOY % changeYTD'21YTD'20YOY % change
Non-interest revenues
Discount revenue$6,676 $6,327 $5,242 $5,549 $4,999 34 $18,245 $14,852 23 
Net card fees (A)1,312 1,286 1,253 1,222 1,191 10 3,851 3,442 12 
Other fees and commissions632 560 520 516 478 32 1,712 1,647 4 
Other314 252 219 167 209 50 785 707 11 
Total non-interest revenues8,934 8,425 7,234 7,454 6,877 30 24,593 20,648 19 
Interest income
Interest on loans2,256 2,094 2,144 2,236 2,266 — 6,494 7,543 (14)
Interest and dividends on investment securities18 24 24 29 33 (45)66 98 (33)
Deposits with banks and other27 22 24 22 25 8 73 155 (53)
Total interest income2,301 2,140 2,192 2,287 2,324 (1)6,633 7,796 (15)
Interest expense
Deposits109 113 134 155 202 (46)356 788 (55)
Long-term debt and other198 209 228 235 248 (20)635 920 (31)
Total interest expense307 322 362 390 450 (32)991 1,708 (42)
Net interest income1,994 1,818 1,830 1,897 1,874 6 5,642 6,088 (7)
Total revenues net of interest expense10,928 10,243 9,064 9,351 8,751 25 30,235 26,736 13 
Provisions for credit losses
Card Member receivables(12)(125)(10)(54)117 #(147)1,069 #
Card Member loans(177)(396)(573)37 571 #(1,146)3,416 #
Other(2)(85)(92)(94)(23)(91)(179)356 #
Total provisions for credit losses(191)(606)(675)(111)665 #(1,472)4,841 #
Total revenues net of interest expense after provisions for credit losses11,119 10,849 9,739 9,462 8,086 38 31,707 21,895 45 
Expenses
Marketing and business development (A)2,355 2,219 1,766 1,858 1,822 29 6,340 4,889 30 
Card Member rewards3,020 2,712 2,243 2,296 2,004 51 7,975 5,745 39 
Card Member services579 432 317 307 259 #1,328 923 44 
Salaries and employee benefits1,497 1,539 1,550 1,566 1,408 6 4,586 4,152 10 
Professional services490 458 403 523 421 16 1,351 1,266 7 
Data processing and equipment613 577 582 644 577 6 1,772 1,690 5 
Other, net115 (28)(115)410 231 (50)(28)792 #
Total expenses8,669 7,909 6,746 7,604 6,722 29 23,324 19,457 20 
Pretax income2,450 2,940 2,993 1,858 1,364 80 8,383 2,438 #
Income tax provision624 660 758 420 291 #2,042 741 #
Net income$1,826 $2,280 $2,235 $1,438 $1,073 70 $6,341 $1,697 #
Net income attributable to common shareholders (B)$1,783 $2,249 $2,206 $1,415 $1,050 70 $6,238 $1,622 #
Effective tax rate25.5 %22.4 %25.3 %22.6 %21.3 %24.4 %30.4 %
Earnings Per Common Share
Basic
Net income attributable to common shareholders$2.27 $2.81 $2.74 $1.76 $1.31 73 $7.84 $2.01 #
Average common shares outstanding786 801 804 805 804 (2)796 805 (1)
Diluted
Net income attributable to common shareholders $2.27 $2.80 $2.74 $1.76 $1.30 75 $7.82 $2.01 #
Average common shares outstanding787 802 805 806 805 (2)797 806 (1)
Cash dividends declared per common share $0.43 $0.43 $0.43 $0.43 $0.43 — $1.29 $1.29 — 
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
1

American Express Company(Preliminary)
Consolidated Balance Sheets and Related Statistical Information
(Billions, except percentages, per share amounts and where indicated)
 Q3'21Q2'21Q1'21Q4'20Q3'20YOY % change
Assets      
Cash & cash equivalents$28 $31 $40 $33 $36 (22)
Card Member receivables, less reserves49 48 42 43 40 23 
Card Member loans, less reserves74 72 66 68 64 16 
Investment securities10 12 21 22 22 (55)
Other (C)23 24 24 25 25 (8)
Total assets$184 $187 $193 $191 $187 (2)
Liabilities and Shareholders' Equity      
Customer deposits$84 $85 $89 $87 $85 (1)
Short-term borrowings2 2 2 2 2 — 
Long-term debt34 37 42 43 45 (24)
Other (C)40 37 36 36 33 21 
Total liabilities160 161 169 168 165 (3)
Shareholders' Equity24 26 24 23 22 9 
Total liabilities and shareholders' equity$184 $187 $193 $191 $187 (2)
Return on average equity (D)32.6 %30.5 %22.6 %14.2 %15.3 %
Return on average common equity (D)34.7 %32.2 %23.9 %14.9 %15.9 %
Book value per common share (dollars)$28.39 $30.02 $28.46 $26.58 $25.19 13 

See Appendix IV for footnote references
2

American Express Company(Preliminary)
Consolidated Capital
 
 Q3'21Q2'21Q1'21Q4'20Q3'20
Shares Outstanding (in millions) 
Beginning of period798 803 805 805 805 
Repurchase of common shares(20)(6)(3)— — 
Net impact of employee benefit plans and others— 1 1 — — 
End of period778 798 803 805 805 
Risk-Based Capital Ratios - Basel III ($ in billions) 
Common Equity Tier 1/Risk Weighted Assets (RWA)12.6 %14.2 %14.8 %13.5 %13.9 %
Tier 114.2 %15.3 %16.0 %14.7 %15.1 %
Total15.7 %16.8 %17.5 %16.2 %16.7 %
Common Equity Tier 1$19.1 $21.0 $20.0 $18.7 $18.3 
Tier 1 Capital$21.4 $22.6 $21.6 $20.3 $19.9 
Tier 2 Capital$2.2 $2.2 $2.1 $2.1 $2.2 
Total Capital$23.7 $24.8 $23.6 $22.4 $22.1 
RWA$150.7 $147.5 $135.1 $138.3 $131.9 
Tier 1 Leverage11.8 %12.2 %11.4 %11.0 %10.8 %
Average Total Assets to calculate the Tier 1 Leverage Ratio (E)$182.1 $185.6 $189.3 $185.1 $185.3 

See Appendix IV for footnote references
3

American Express Company(Preliminary)
Selected Card Related Statistical Information 
(Billions, except percentages and where indicated) 
 Q3'21Q2'21Q1'21Q4'20Q3'20YOY % changeYTD'21YTD'20YOY % change
Network volumes (F)
U.S. $232.0 $222.6 $186.2 $195.0 $174.6 33 $640.8 $513.2 25 
Outside the U.S.98.7 93.5 83.1 90.9 80.9 22 275.3 238.7 15 
Total$330.7 $316.1 $269.3 $285.9 $255.5 29 $916.1 $751.9 22 
Billed business (F)$280.4 $267.8 $225.4 $239.8 $213.6 31 $773.6 $630.9 23 
Processed volumes (F)50.3 48.3 43.9 46.1 41.9 20 142.5 121.0 18 
Total$330.7 $316.1 $269.3 $285.9 $255.5 29 $916.1 $751.9 22 
Cards-in-force (millions) (G)
U.S. 56.0 54.8 54.1 53.8 53.6 4 56.0 53.6 4 
Outside the U.S. 63.2 60.2 58.8 58.2 57.9 9 63.2 57.9 9 
Total119.2 115.0 112.9 112.0 111.5 7 119.2 111.5 7 
Proprietary70.6 69.6 69.0 68.9 68.8 3 70.6 68.8 3 
GNS48.6 45.4 43.9 43.1 42.7 14 48.6 42.7 14 
Total119.2 115.0 112.9 112.0 111.5 7 119.2 111.5 7 
Basic cards-in-force (millions) (G)
U.S.44.0 43.0 42.4 42.2 42.0 5 44.0 42.0 5 
Outside the U.S.54.3 51.2 49.8 49.1 48.8 11 54.3 48.8 11 
Total98.3 94.2 92.2 91.3 90.8 8 98.3 90.8 8 
Average proprietary basic Card Member spending (dollars)
U.S.$5,771 $5,607 $4,723 $4,983 $4,486 29 $16,106 $13,110 23 
Outside the U.S.$3,893 $3,686 $3,170 $3,505 $2,989 30 $10,745 $8,776 22 
Average$5,231 $5,051 $4,270 $4,549 $4,041 29 $14,555 $11,814 23 
Card Member loans
U.S.$67.5 $66.2 $61.6 $64.2 $61.4 10 $67.5 $61.4 10 
Outside the U.S.9.5 9.4 8.5 9.2 8.2 16 9.5 8.2 16 
Total$77.0 $75.6 $70.1 $73.4 $69.6 11 $77.0 $69.6 11 
Average discount rate (H)2.32 %2.30 %2.26 %2.25 %2.27 %2.30 %2.29 %
Average fee per card (dollars) (I)$75 $74 $73 $71 $69 9 $74 $66 12 

See Appendix IV for footnote references
4

American Express Company(Preliminary)
Selected Credit Related Statistical Information
(Billions, except percentages and where indicated)
 Q3'21Q2'21Q1'21Q4'20Q3'20YOY % changeYTD'21YTD'20YOY % change
Worldwide Card Member loans         
U.S.$67.5 $66.2 $61.6 $64.2 $61.4 10 $67.5 $61.4 10 
Outside the U.S.$9.5 $9.4 $8.5 $9.2 $8.2 16 $9.5 $8.2 16 
Total loans$77.0 $75.6 $70.1 $73.4 $69.6 11 $77.0 $69.6 11 
Credit loss reserves (millions)
Beginning balance$3,835 $4,467 $5,344 $5,688 $5,628 (32)$5,344 $4,027 33 
Provisions - principal, interest and fees(177)(396)(573)37 571 #(1,146)3,416 #
Net write-offs - principal less recoveries(118)(185)(241)(346)(432)(73)(544)(1,449)(62)
Net write-offs - interest and fees less recoveries(43)(58)(63)(74)(91)(53)(164)(301)(46)
Other (J)(8)7 — 39 12 #(1)(5)(80)
Ending balance $3,489 $3,835 $4,467 $5,344 $5,688 (39)$3,489 $5,688 (39)
% of loans4.5 %5.1 %6.4 %7.3 %8.2 %4.5 %8.2 %
% of past due 666 %782 %723 %727 %679 %666 %679 %
Average loans$76.4 $72.8 $70.7 $71.2 $69.9 9 $73.4 $75.4 (3)
Net write-off rate (principal only) (K)0.6 %1.0 %1.4 %1.9 %2.5 %1.0 %2.6 %
Net write-off rate (principal, interest and fees) (K)0.8 %1.3 %1.7 %2.4 %3.0 %1.3 %3.1 %
30+ days past due as a % of total (L)0.7 %0.6 %0.9 %1.0 %1.2 %0.7 %1.2 %
Net interest income divided by average Card Member loans (M)10.4 %10.0 %10.4 %10.7 %10.7 %10.2 %10.8 % 
Net interest yield on average Card Member loans (M)10.8 %10.6 %11.3 %11.4 %11.6 %10.9 %11.6 % 
Worldwide Card Member receivables         
U.S.$34.8 $33.9 $30.1 $30.5 $29.2 19 $34.8 $29.2 19 
Outside the U.S.$14.0 $13.7 $11.9 $13.2 $11.6 21 $14.0 $11.6 21 
Total receivables$48.8 $47.6 $42.0 $43.7 $40.8 20 $48.8 $40.8 20 
Credit loss reserves (millions)
Beginning balance$73 $202 $267 $422 $519 (86)$267 $126 #
Provisions - principal and fees(12)(125)(10)(54)117 #(147)1,069 #
Net write-offs - principal and fees less recoveries (N)(32)(4)(53)(105)(219)(85)(89)(776)(89)
Other (J)1 — (2)4 5 (80)(1)3 #
Ending balance$30 $73 $202 $267 $422 (93)$30 $422 (93)
% of receivables0.1 %0.2 %0.5 %0.6 %1.0 %0.1 %1.0 %
Net write-off rate (principal and fees) (K)(N)0.3 %— %0.5 %1.0 %2.2 %0.3 %2.3 %
Net write-off rate, excluding Global Corporate Payments (GCP) (principal and fees) (K)(O)0.3 %0.3 %0.6 %1.1 %2.2 %0.4 %2.4 %
Net write-off rate, excluding GCP (principal only) (K)(O)0.2 %0.3 %0.5 %1.0 %2.0 %0.3 %2.2 % 
30+ days past due as a % of total, excluding GCP (L)(O)0.5 %0.5 %0.6 %0.6 %0.9 %0.5 %0.9 % 
Other loans (C)
Total other loans$2.4 $2.2 $2.3 $2.9 $3.5 (31)$2.4 $3.5 (31)
Credit loss reserves (millions)
Beginning balance$72 $143 $238 $370 $423 $(83)$238 $172 38 
Provisions(5)(65)(82)(101)(26)$(81)(152)278 #
Net write-offs— (5)(14)(31)(27)#(19)(80)(76)
Other (J)(1)(1)1 — — — (1)— — 
Ending balance$66 $72 $143 $238 $370 $(82)$66 $370 $(82)
% of other loans2.8 %3.3 %6.2 %8.2 %10.6 %2.8 %10.6 %
Other receivables (C)
Total other receivables$2.7 $2.9 $2.4 $3.0 $2.6 4 $2.7 $2.6 4 
Credit loss reserves (millions)
Beginning balance$39 $67 $85 $85 $94 (59)$85 $27 #
Provisions3 (20)(10)7 3 — (27)78 #
Net write-offs(9)(8)(8)(7)(12)(25)(25)(20)25 
Ending balance$33 $39 $67 $85 $85 (61)$33 $85 (61)
% of other receivables1.2 %1.3 %2.8 %2.8 %3.3 %1.2 %3.3 %
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
5

American Express Company(Preliminary)
Selected Income Statement Information by Segment 
(Millions)   
Global Consumer Services Group
(GCSG) (P)		Global Commercial Services
(GCS)		Global Merchant and Network Services
(GMNS) (P)		Corporate and OtherConsolidated
Q3'21     
Non-interest revenues$4,699 $2,978 $1,280 $(23)$8,934 
Interest income1,879 378 4 40 2,301 
Interest expense174 111 (24)46 307 
Total revenues net of interest expense6,404 3,245 1,308 (29)10,928 
Total provisions for credit losses(126)(67)— 2 (191)
Total revenues net of interest expense after provisions for credit losses6,530 3,312 1,308 (31)11,119 
Marketing, business development, and Card Member rewards and services3,791 1,757 375 31 5,954 
Salaries and employee benefits and other operating expenses1,251 837 404 223 2,715 
Pretax income (loss)1,488 718 529 (285)2,450 
Q3'20
Non-interest revenues$3,632 $2,327 $997 $(79)$6,877 
Interest income1,916 351 4 53 2,324 
Interest expense244 139 (19)86 450 
Total revenues net of interest expense5,304 2,539 1,020 (112)8,751 
Total provisions for credit losses411 250 3 1 665 
Total revenues net of interest expense after provisions for credit losses4,893 2,289 1,017 (113)8,086 
Marketing, business development, and Card Member rewards and services2,547 1,221 297 20 4,085 
Salaries and employee benefits and other operating expenses1,221 796 394 226 2,637 
Pretax income (loss)1,125 272 326 (359)1,364 
YOY % change
Non-interest revenues29 28 28 (71)30 
Interest income(2)8 — (25)(1)
Interest expense(29)(20)26 (47)(32)
Total revenues net of interest expense21 28 28 (74)25 
Total provisions for credit losses#####
Total revenues net of interest expense after provisions for credit losses33 45 29 (73)38 
Marketing, business development, and Card Member rewards and services49 44 26 55 46 
Salaries and employee benefits and other operating expenses2 5 3 (1)3 
Pretax income (loss)32 #62 (21)80 
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
6

American Express Company(Preliminary)
Network Volumes Related Growth 
 YOY % change
 ReportedFX-Adjusted (Q)ReportedFX-Adjusted (Q)
 Q3'21Q2'21Q1'21Q4'20Q3'20Q3'21Q2'21Q1'21Q4'20Q3'20YTD'21YTD'21
Worldwide            
Network volumes (F)29%50%(6)%(14)%(19)%29%46%(8)%(15)%(19)%22%20%
Total billed business (F)3153(7)(15)(20)3151(9)(16)(20)2321
Consumer billed business3462(4)(12)(17)3458(6)(13)(18)2725
Commercial billed business2845(10)(18)(23)2843(12)(19)(23)1816
Processed volumes (F)20333(8)(14)1826(1)(10)(13)1814
U.S.            
Network volumes (F)3353(4)(12)(17)n/an/an/an/an/a25n/a
Total billed business (F)3253(5)(12)(17)n/an/an/an/an/a24n/a
Consumer billed business3763(2)(11)(16)n/an/an/an/an/a30n/a
Commercial billed business2844(8)(15)(19)n/an/an/an/an/a19n/a
Outside the U.S.            
Network volumes (F)2242(10)(18)(23)2032(15)(21)(24)159
Total billed business (F)2855(14)(22)(27)2543(20)(25)(29)1811
Consumer billed business2759(10)(17)(21)2446(17)(20)(23)2114
Commercial billed business2849(20)(31)(37)2738(26)(33)(37)137
Asia Pacific consolidated network volumes1028—(10)(15)1020(7)(15)(17)126
Latin America & Canada network volumes3955(19)(29)(37)3545(18)(25)(31)1816
Europe, Middle East & Africa network volumes3666(21)(28)(30)3151(27)(31)(32)2012
Merchant Industry Metrics
Worldwide billed business (F)
Goods & Services (G&S)-related (79% of Q3'21 worldwide billed business) (R)183485118316411918
T&E-related (21% of Q3'21 worldwide billed business)126347(49)(64)(68)124340(50)(65)(68)3937
Airline-related (3% of Q3'21 worldwide billed business)429#(72)(85)(92)426#(73)(85)(92)2724
U.S. billed business (F)
G&S-related (80% of Q3'21 U.S. billed business) (R)1933752n/an/an/an/an/a19n/a
T&E-related (20% of Q3'21 U.S. billed business)141350(43)(62)(67)n/an/an/an/an/a51n/a
Airline-related (3% of Q3'21 U.S. billed business)421#(67)(82)(90)n/an/an/an/an/a45n/a
# - Denotes a variance of 1,000 percent or more.

See Appendix IV for footnote references
7

Global Consumer Services Group(Preliminary)
Selected Income Statement and Statistical Information (P)
(Millions, except percentages)
 Q3'21Q2'21Q1'21Q4'20Q3'20YOY % changeYTD'21YTD'20YOY % change
Non-interest revenues$4,699 $4,464 $3,819 $3,970 $3,632 29 $12,982 $10,662 22 
Interest income1,879 1,749 1,808 1,901 1,916 (2)5,436 6,298 (14)
Interest expense174 174 188 210 244 (29)536 844 (36)
Net interest income1,705 1,575 1,620 1,691 1,672 2 4,900 5,454 (10)
Total revenues net of interest expense6,404 6,039 5,439 5,661 5,304 21 17,882 16,116 11 
Total provisions for credit losses(126)(342)(504)43 411 #(972)3,107 #
Total revenues net of interest expense after provisions for credit losses6,530 6,381 5,943 5,618 4,893 33 18,854 13,009 45 
Expenses
Marketing, business development, and Card Member rewards and services3,791 3,327 2,627 2,799 2,547 49 9,745 7,042 38 
Salaries and employee benefits and other operating expenses1,251 1,172 1,161 1,359 1,221 2 3,584 3,740 (4)
Total expenses5,042 4,499 3,788 4,158 3,768 34 13,329 10,782 24 
Pretax segment income$1,488 $1,882 $2,155 $1,460 $1,125 32 $5,525 $2,227 #
(Billions, except percentages and where indicated)
Billed business (F)
U.S.$114.9 $110.8 $89.0 $94.8 $83.9 37 $314.7 $242.9 30 
Outside the U.S.$38.2 $35.8 $30.3 $34.7 $30.2 26 $104.3 $86.4 21 
Total$153.1 $146.6 $119.3 $129.5 $114.1 34 $419.0 $329.3 27 
Proprietary cards-in-force (millions) (G)
U.S.38.7 38.1 37.8 37.7 37.5 3 38.7 37.5 3 
Outside the U.S.16.8 16.7 16.7 16.7 16.8 — 16.8 16.8 — 
Total55.5 54.8 54.5 54.4 54.3 2 55.5 54.3 2 
Proprietary basic cards-in-force (millions) (G)
U.S.27.2 26.9 26.7 26.6 26.5 3 27.2 26.5 3 
Outside the U.S.11.7 11.6 11.6 11.6 11.7 — 11.7 11.7 — 
Total38.9 38.5 38.3 38.2 38.2 2 38.9 38.2 2 
Average proprietary basic Card Member spending (dollars)
U.S$4,255 $4,138 $3,336 $3,567 $3,162 35 $11,731 $9,080 29 
Outside the U.S.$3,278 $3,087 $2,616 $2,984 $2,555 28 $8,982 $7,209 25 
Average$3,960 $3,821 $3,118 $3,390 $2,975 33 $10,901 $8,501 28 
Segment assets$91.8 $89.7 $81.9 $87.4 $81.9 12 $91.8 $81.9 12 
Card Member loans
Total loans
U.S.$52.6 $51.8 $48.3 $51.4 $49.8 6 $52.6 $49.8 6 
Outside the U.S.$9.0 $8.8 $8.0 $8.7 $7.7 17 $9.0 $7.7 17 
Total$61.6 $60.6 $56.3 $60.1 $57.5 7 $61.6 $57.5 7 
Average loans
U.S.$52.3 $49.9 $49.0 $50.3 $50.0 5 $50.5 $53.8 (6)
Outside the U.S.$8.9 $8.4 $8.3 $8.3 $7.8 14 $8.5 $8.6 (1)
Total$61.2 $58.3 $57.3 $58.6 $57.8 6 $59.0 $62.4 (5)
Lending Credit Metrics
U.S.         
Net write-off rate (principal only) (K)0.5 %0.9 %1.3 %1.9 %2.4 %0.9 %2.6 % 
Net write-off rate (principal, interest and fees) (K)0.8 %1.2 %1.6 %2.3 %2.9 %1.2 %3.1 % 
30+ days past due as a % of total (L)0.7 %0.6 %0.9 %1.0 %1.1 %0.7 %1.1 % 
Outside the U.S. 
Net write-off rate (principal only) (K)1.3 %2.2 %2.5 %2.5 %3.3 %2.0 %3.2 % 
Net write-off rate (principal, interest and fees) (K)1.7 %2.9 %3.2 %3.1 %4.1 %2.6 %4.0 % 
30+ days past due as a % of total (L)1.0 %1.1 %1.6 %1.7 %1.8 %1.0 %1.8 % 
Total 
Net write-off rate (principal only) (K)0.7 %1.1 %1.4 %2.0 %2.5 %1.1 %2.7 % 
Net write-off rate (principal, interest and fees) (K)0.9 %1.5 %1.8 %2.4 %3.1 %1.4 %3.2 % 
30+ days past due as a % of total (L)0.7 %0.7 %1.0 %1.1 %1.2 %0.7 %1.2 % 
Net interest income divided by average Card Member loans (M)11.1 %10.8 %11.3 %11.5 %11.6 %11.1 %11.7 % 
Net interest yield on average Card Member loans (M)
U.S.11.6 %11.4 %12.1 %12.0 %12.0 %11.7 %11.9 % 
Outside the U.S.9.3 %9.9 %10.9 %11.1 %11.9 %10.0 %12.2 % 
Total11.3 %11.1 %11.9 %11.9 %12.0 %11.4 %12.0 % 
Card Member receivables
U.S.$12.6 $12.9 $11.2 $11.9 $10.3 22 $12.6 $10.3 22 
Outside the U.S.$6.9 $7.0 $6.0 $6.8 $5.8 19 $6.9 $5.8 19 
Total receivables$19.5 $19.9 $17.2 $18.7 $16.1 21 $19.5 $16.1 21 
Charge Credit Metrics         
U.S.         
Net write-off rate (principal only) (K)0.0 %0.0 %— %0.4 %1.0 %0.0 %1.6 % 
Net write-off rate (principal and fees) (K)0.1 %— %0.1 %0.5 %1.1 %0.0 %1.7 % 
30+ days past due as a % of total (L)0.4 %0.3 %0.4 %0.4 %0.6 %0.4 %0.6 % 
Outside the U.S. 
Net write-off rate (principal only) (K)0.6 %1.0 %1.3 %1.3 %2.8 %1.0 %2.9 % 
Net write-off rate (principal and fees) (K)0.7 %1.1 %1.4 %1.5 %3.1 %1.1 %3.1 % 
30+ days past due as a % of total (L)0.7 %0.7 %0.9 %1.0 %1.2 %0.7 %1.2 % 
Total 
Net write-off rate (principal only) (K)0.2 %0.3 %0.5 %0.7 %1.7 %0.3 %2.0 % 
Net write-off rate (principal and fees) (K)0.3 %0.4 %0.6 %0.8 %1.8 %0.4 %2.2 % 
30+ days past due as a % of total (L)0.5 %0.4 %0.6 %0.6 %0.8 %0.5 %0.8 % 
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
8

Global Commercial Services
(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)
 Q3'21Q2'21Q1'21Q4'20Q3'20YOY % changeYTD'21YTD'20YOY % change
Non-interest revenues$2,978 $2,815 $2,432 $2,523 $2,327 28 $8,225 $7,129 15 
Interest income378 345 336 334 351 8 1,059 1,252 (15)
Interest expense111 111 116 126 139 (20)338 493 (31)
Net interest income267 234 220 208 212 26 721 759 (5)
Total revenues net of interest expense3,245 3,049 2,652 2,731 2,539 28 8,946 7,888 13 
Total provisions for credit losses (N)(67)(235)(162)(164)250 #(464)1,657 #
Total revenues net of interest expense after provisions for credit losses3,312 3,284 2,814 2,895 2,289 45 9,410 6,231 51 
Expenses
Marketing, business development, and Card Member rewards and services1,757 1,630 1,386 1,338 1,221 44 4,773 3,653 31 
Salaries and employee benefits and other operating expenses837 815 763 890 796 5 2,415 2,309 5 
Total expenses2,594 2,445 2,149 2,228 2,017 29 7,188 5,962 21 
Pretax segment income (loss)$718 $839 $665 $667 $272 #$2,222 $269 #
(Billions, except percentages and where indicated)
Billed business (F)$126.1 $119.9 $104.0 $109.1 $98.5 28 $350.0 $297.4 18 
Proprietary cards-in-force (millions) (G)15.1 14.8 14.5 14.5 14.5 4 15.1 14.5 4 
Average Card Member spending (dollars)$8,447 $8,180 $7,159 $7,515 $6,776 25 $23,790 $20,268 17 
Segment assets$48.2 $46.4 $42.4 $42.1 $39.9 21 $48.2 $39.9 21 
Card Member loans
Total loans$15.4 $15.0 $13.8 $13.3 $12.1 27 $15.4 $12.1 27 
Total loans - Global Small Business Services (GSBS)$15.3 $15.0 $13.8 $13.2 $12.0 28 $15.3 $12.0 28 
30+ days past due as a % of total - GSBS (L)0.5 %0.4 %0.6 %0.7 %1.1 %0.5 %1.1 %
Average loans - GSBS$15.2 $14.4 $13.4 $12.5 $12.1 26 $14.3 $13.0 10 
Net write-off rate (principal only) - GSBS (K)0.5 %0.6 %1.0 %1.9 %2.2 %0.7 %2.1 %
Net write-off rate (principal, interest and fees) - GSBS (K)0.6 %0.7 %1.2 %2.2 %2.5 %0.8 %2.4 %
Net interest income divided by average Card Member loans (M)7.0 %6.5 %6.5 %6.6 %7.0 %6.7 %7.7 %
Net interest yield on average Card Member loans (M)8.8 %8.3 %8.7 %9.0 %9.5 %8.6 %10.1 %
Card Member receivables
Total receivables$29.3 $27.7 $24.8 $25.0 $24.7 19 $29.3 $24.7 19 
Net write-off rate (principal and fees) (K)(N)0.2 %(0.2)%0.5 %1.1 %2.5 %0.2 %2.4 %
Total receivables - GCP (O)$12.5 $11.7 $10.5 $10.9 $10.4 20 $12.5 $10.4 20 
90+ days past billing as a % of total - GCP (L)(O)0.3 %0.3 %0.4 %0.6 %0.6 %0.3 %0.6 %
Net write-off rate (principal and fees) - GCP (K)(N)(O)0.2 %(0.9)%0.4 %0.7 %2.4 %(0.1)%2.2 %
Total receivables - GSBS$16.8 $15.9 $14.3 $14.1 $14.3 17 $16.8 $14.3 17 
30+ days past due as a % of total - GSBS (L)0.6 %0.5 %0.6 %0.7 %1.0 %0.6 %1.0 %
Net write-off rate (principal only) - GSBS (K)0.2 %0.2 %0.5 %1.3 %2.3 %0.3 %2.3 %
Net write-off rate (principal and fees) - GSBS (K)0.3 %0.3 %0.5 %1.4 %2.5 %0.4 %2.6 %
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
9

Global Merchant and Network Services(Preliminary)
Selected Income Statement and Statistical Information (P)             
(Millions, except percentages)                 
 Q3'21Q2'21Q1'21Q4'20Q3'20YOY % changeYTD'21YTD'20YOY % change
Non-interest revenues$1,280 $1,204 $1,061 $1,086 $997 28 $3,545 $3,057 16 
Interest income4 4 4 4 4 — 12 14 (14)
Interest expense(24)(20)(17)(21)(19)26 (61)(61)— 
Net interest income28 24 21 25 23 22 73 75 (3)
Total revenues net of interest expense1,308 1,228 1,082 1,111 1,020 28 3,618 3,132 16 
Total provisions for credit losses— (27)(10)12 3 #(37)75 #
Total revenues net of interest expense after provisions for credit losses1,308 1,255 1,092 1,099 1,017 29 3,655 3,057 20 
Expenses
Marketing, business development, and Card Member rewards and services375 373 300 330 297 26 1,048 800 31 
Salaries and employee benefits and other operating expenses404 355 407 493 394 3 1,166 1,218 (4)
Total expenses779 728 707 823 691 13 2,214 2,018 10 
Pretax segment income$529 $527 $385 $276 $326 62 $1,441 $1,039 39 
(Billions)         
Segment assets$14.2 $14.2 $13.6 $14.0 $12.0 18 $14.2 $12.0 18 
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
10

American Express Company(Preliminary)
Appendix I 
Components of Return on Average Equity (ROE) and Return on Average Common Equity (ROCE)
(Millions, except percentages) 
 For the Twelve Months Ended
Sep 30, 2021Jun 30, 2021Mar 31, 2021Dec 31, 2020Sep 30, 2020
ROE     
Net income$7,779 $7,026 $5,003 $3,135 $3,390 
Average shareholders' equity$23,832 $23,071 $22,158 $22,002 $22,172 
Return on average equity (D)32.6 %30.5 %22.6 %14.2 %15.3 %
Reconciliation of ROCE     
Net income$7,779 $7,026 $5,003 $3,135 $3,390 
Preferred share dividends and equity related adjustments (S)72 59 61 79 85 
Earnings allocated to participating share awards and other54 47 33 20 23 
Net income attributable to common shareholders (S)$7,653 $6,920 $4,909 $3,036 $3,282 
Average shareholders' equity$23,832 $23,071 $22,158 $22,002 $22,172 
Average preferred shares (S)1,763 1,584 1,584 1,584 1,584 
Average common shareholders' equity$22,069 $21,487 $20,574 $20,418 $20,588 
Return on average common equity (D)34.7 %32.2 %23.9 %14.9 %15.9 %

See Appendix IV for footnote references
11

American Express Company(Preliminary)
Appendix II  
Net Interest Yield on Average Card Member Loans 
(Millions, except percentages and where indicated) 
 Q3'21Q2'21Q1'21Q4'20Q3'20YTD'21YTD'20
Consolidated       
Net interest income$1,994 $1,818 $1,830 $1,897 $1,874 $5,642 $6,088 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (T)172 195 236 254 296 603 1,041 
Interest income not attributable to our Card Member loan portfolio (U)(92)(93)(96)(111)(137)(281)(557)
Adjusted net interest income (V)$2,074 $1,920 $1,970 $2,040 $2,033 $5,964 $6,572 
Average Card Member loans (billions)$76.4 $72.8 $70.7 $71.2 $69.9 $73.4 $75.4 
Net interest income divided by average Card Member loans (W)10.4 %10.0 %10.4 %10.7 %10.7 %10.2 %10.8 %
Net interest yield on average Card Member loans (X)10.8 %10.6 %11.3 %11.4 %11.6 %10.9 %11.6 %
Global Consumer Services Group (P)       
U.S.       
Net interest income$1,524 $1,392 $1,421 $1,490 $1,470 $4,337 $4,732 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (T)31 44 60 64 81 135 224 
Interest income not attributable to our Card Member loan portfolio (U)(27)(22)(25)(33)(42)(74)(156)
Adjusted net interest income (V)$1,528 $1,414 $1,456 $1,521 $1,509 $4,398 $4,800 
Average Card Member loans (billions)$52.3 $49.9 $49.0 $50.3 $50.0 $50.5 $53.8 
Net interest income divided by average Card Member loans (W)11.7 %11.2 %11.6 %11.8 %11.8 %11.5 %11.7 %
Net interest yield on average Card Member loans (X)11.6 %11.4 %12.1 %12.0 %12.0 %11.7 %11.9 %
Outside the U.S.       
Net interest income$181 $183 $199 $201 $202 $563 $721 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (T)29 26 26 34 36 81 71 
Interest income not attributable to our Card Member loan portfolio (U)(2)(2)(2)(2)(3)(6)(9)
Adjusted net interest income (V)$208 $207 $223 $233 $235 $638 $783 
Average Card Member loans (billions)$8.9 $8.4 $8.3 $8.3 $7.8 $8.6 $8.6 
Net interest income divided by average Card Member loans (W)8.1 %8.7 %9.6 %9.7 %10.4 %8.7 %11.2 %
Net interest yield on average Card Member loans (X)9.3 %9.9 %10.9 %11.1 %11.9 %10.0 %12.2 %
Total       
Net interest income$1,705 $1,575 $1,620 $1,691 $1,672 $4,900 $5,454 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (T)60 70 86 98 117 216 295 
Interest income not attributable to our Card Member loan portfolio (U)(29)(24)(27)(35)(45)(80)(166)
Adjusted net interest income (V)$1,736 $1,621 $1,679 $1,754 $1,744 $5,036 $5,583 
Average Card Member loans (billions)$61.2 $58.3 $57.3 $58.6 $57.8 $59.0 $62.4 
Net interest income divided by average Card Member loans (W)11.1 %10.8 %11.3 %11.5 %11.6 %11.1 %11.7 %
Net interest yield on average Card Member loans (X)11.3 %11.1 %11.9 %11.9 %12.0 %11.4 %12.0 %
Global Commercial Services       
Net interest income$267 $234 $220 $208 $212 $721 $759 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (T)88 87 93 103 111 269 375 
Interest income not attributable to our Card Member loan portfolio (U)(17)(22)(22)(25)(34)(62)(145)
Adjusted net interest income (V)$338 $299 $291 $286 $289 $928 $989 
Average Card Member loans (billions)$15.2 $14.5 $13.5 $12.6 $12.1 $14.4 $13.1 
Net interest income divided by average Card Member loans (W)7.0 %6.5 %6.5 %6.6 %7.0 %6.7 %7.7 %
Net interest yield on average Card Member loans (X)8.8 %8.3 %8.7 %9.0 %9.5 %8.6 %10.1 %

See Appendix IV for footnote references
12

American Express Company(Preliminary)
Appendix III
Card Member Receivables Net Write-offs Components
(Billions, except percentages and where indicated)

Q3'21Q2'21Q1'21Q4'20Q3'20YOY % changeYTD'21YTD'20YOY % change
Worldwide Card Member receivables
Net write-offs (millions)
Net write-offs (principal and fees) (K)$32 $4 $53 $105 $219 (85)$89 $776 (89)
Less: Net write-offs (principal and fees) - GCP (K)(N)(O)6 (24)10 18 60 (90)(8)208 #
Net write-offs (principal and fees) - GCSG and GSBS (K)$26 $28 $43 $87 $159 (84)$97 $568 (83)
Less: Net write-offs (fees only) - GCSG and GSBS (K)3 5 7 10 15 (80)15 52 (71)
Net write-offs (principal only) - GCSG and GSBS (K)$23 $23 $36 $77 $144 (84)$82 $516 (84)
Average Card Member receivables
Global Consumer Services Group (GCSG)$19.8 $18.6 $17.1 $17.3 $15.8 25 $18.5 $16.7 11 
Global Small Business Services (GSBS)16.5 15.2 14.0 14.4 13.8 20 15.2 14.9 2 
Average receivables (GCSG and GSBS)$36.3 $33.8 $31.1 $31.7 $29.6 23 $33.7 $31.6 7 
GCP (O)12.0 11.1 10.7 10.7 9.9 21 11.3 $12.6 (10)
Total average receivables$48.3 $44.9 $41.8 $42.4 $39.5 22 $45.0 $44.2 2 
Net write-off rate (principal and fees) (K)0.3 %0.0 %0.5 %1.0 %2.2 %0.3 %2.3 %
Net write-off rate (principal and fees) - GCSG and GSBS (K)0.3 %0.3 %0.6 %1.1 %2.2 %0.4 %2.4 %
Net write-off rate (principal only) - GCSG and GSBS (K)0.2 %0.3 %0.5 %1.0 %2.0 %0.3 %2.2 %
# - Denotes a variance of 100 percent or more.



See Appendix IV for footnote references
13

Appendix IV(Preliminary)
All Information in the preceding tables is presented on a basis prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), unless otherwise indicated. Certain reclassifications of prior period amounts have been made to conform to the current period presentation.
(A)Effective April 1, 2021, we prospectively changed the recognition of certain costs paid to a third party previously recognized over the twelve month card membership period in Net card fees in the Consolidated Statements of Income; such costs are now recorded as incurred in Marketing and business development expense. This change is not material to the Consolidated Financial Statements.
(B)Represents net income, less (i) earnings allocated to participating share awards of $14 million, $16 million, $15 million, $9 million and $7 million in Q3'21, Q2'21, Q1'21, Q4'20 and Q3'20, respectively; (ii) dividends on preferred shares of $20 million, $15 million, $14 million, $14 million and $16 million in Q3'21, Q2'21, Q1'21, Q4'20 and Q3'20, respectively; and (iii) an equity-related adjustment of $9 million related to the redemption of preferred shares in Q3'21 (refer to Footnote "S").
(C)Within assets, "other" includes the following items as presented in our Consolidated Balance Sheets: Other loans, less reserves for credit losses (including merchant financing loans and Paycheck Protection Program (PPP)), Premises and equipment and Other assets (including Other receivables); and within liabilities, "other" includes the following items: Accounts payable and Other liabilities.
(D)Return on average equity and return on average common equity are calculated for the relevant periods by dividing the preceding twelve months of net income by the one-year monthly average total shareholders' equity, and the preceding twelve months of net income attributable to common shareholders by the one-year monthly average common shareholders' equity, respectively. Refer to Appendix I for components of return on average equity and return on average common equity.
(E)Presented for the purpose of calculating the Tier 1 Leverage Ratio.
(F)Effective Q1'21, we changed the way we describe our volume metrics:
• Where we previously used the term “Billed Business” to describe our total volumes, we now use the term “Network Volumes.”
• Where we previously used the term “Proprietary Billed Business” to describe transaction volumes from cards and other payment products issued by American Express, we now use the term “Billed Business.”
• Where we previously used the term “GNS Billed Business” to describe transaction volumes from cards issued by GNS partners and joint ventures, we now use the term “Processed Volumes” and in order to provide a more complete view of transactions across our network we have now included in this category transactions associated with certain alternative payment solutions that were not previously reported in our volume metrics.

We believe that these changes provide better differentiation and descriptors for the volumes that run across the American Express network.
(G)Cards-in-force represent the number of cards that are issued and outstanding by American Express (proprietary cards-in-force) and cards issued and outstanding under network partnership agreements with banks and other institutions, including joint ventures (GNS cards-in-force) except for GNS retail cobrand cards that have no out of store spend activity during the prior 12 months. Basic cards-in-force excludes supplemental cards issued on consumer accounts. Cards-in-force is useful in understanding the size of our Card Member base.
(H)Average discount rate calculation is generally designed to reflect the average pricing at all merchants accepting American Express cards and represents the percentage of network volumes retained by us from spend at merchants we acquire, or from merchants acquired by third parties on our behalf, net of amounts retained by such third parties. The average discount rate, together with network volumes, drive our discount revenue.
(I)Average fee per card is computed based on proprietary net card fees divided by average proprietary total cards-in-force.
(J)Other includes foreign currency impact on balance sheet re-measurement and translation.
(K)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. We believe the net write-off rate, excluding GCP net write-offs, a non-GAAP measure, is useful to show the write-off rate based on principal losses only for the Card Member receivables portfolios for which data is available (i.e., Global Consumer and Global Small Business Services). See Appendix III for a reconciliation.
(L)Beginning Q1'20, we offered Customer Pandemic Relief programs to provide short-term support for customers impacted by COVID-19. These programs are no longer widely available and negligible balances remained in the programs as of September 30, 2021. Delinquency status is generally frozen at enrollment, and loans that are current at enrollment do not age, regardless of whether payment is made. Upon exiting the program, delinquency aging resumes where it had left off at enrollment.
(M)See Appendix II for calculations of net interest yield on average Card Member loans, a non-GAAP measure, and net interest income divided by average Card Member loans, a GAAP measure, and the Company's rationale for presenting net interest yield on average Card Member loans (refer to Footnotes "W" and "X").
(N)Q2'21 includes a $37 million partial recovery in Card Member receivables related to a corporate client bankruptcy, which had resulted in a $53 million write-off in the prior year in the Global Commercial Services (GCS) segment.
(O)GCP reflects global, large and middle market corporate accounts. GCP 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.
(P)As a result of organizational changes announced during the second quarter of 2021, our loyalty coalition business results, which were previously reported within the GMNS segment, are now reported within the GCSG segment. Prior period segment results have been revised to conform with current period presentation.
(Q)FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S. dollars (i.e., assumes the foreign exchange rates used to determine results for Q3'21 apply to the period(s) against which such results are being compared).
(R)Effective Q1'21, we renamed "Non T&E" to "Goods and services (G&S)" which includes spend in merchant categories other than T&E-related merchant categories.
(S)On August 3, 2021, we issued $1.6 billion of 3.550% Fixed Rate Reset Noncumulative Preferred Shares, Series D. With the proceeds from that issuance, we redeemed in full the $850 million of 4.900% Fixed Rate/Floating Rate Noncumulative Preferred Shares, Series C on September 15, 2021. The difference between the redemption value and carrying value of the redeemed Series C Preferred Shares resulted in a $9 million reduction to net income available to common shareholders. We intend to redeem in full the $750 million of 5.200% Fixed Rate/Floating Rate Noncumulative Preferred Shares, Series B on November 15, 2021.
(T)Primarily represents interest expense attributable to maintaining our corporate liquidity pool and funding Card Member receivables.
(U)Primarily represents interest income attributable to Other loans, interest-bearing deposits and the fixed income investment portfolios.
(V)Adjusted net interest income is a non-GAAP measure that represents net interest income attributable to our Card Member loans (which includes, on a GAAP basis, interest that is deemed uncollectible), excluding the impact of interest expense and interest income not attributable to our Card Member loans. We believe adjusted net interest income is useful to investors because it represents the interest expense and interest income attributable to our Card Member loan portfolio and is a component of net interest yield on average Card Member loans, which provides a measure of profitability of our Card Member loan portfolio.
(W)Net interest income divided by average Card Member loans, computed on an annualized basis, a GAAP measure, includes elements of total interest income and total interest expense that are not attributable to the Card Member loan portfolio, and thus is not representative of net interest yield on average Card Member loans.
(X)Net interest yield on average Card Member loans is a non-GAAP measure that is computed by dividing adjusted net interest income by average Card Member loans, computed on an annualized basis. Reserves and net write-offs related to uncollectible interest are recorded through provisions for credit losses, and thus not included in the net interest yield calculation. We believe that net interest yield on average Card Member loans is useful to investors because it provides a measure of profitability of our Card Member loan portfolio.
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