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Exhibit 99.2
American Express Company(Preliminary)
Consolidated Statements of Income
(Millions, except percentages and per share amounts)
Q3'22Q2'22Q1'22Q4'21Q3'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues
Discount revenue$7,848 $7,873 $6,835 $7,149 $6,369 23 $22,556 $17,414 30 
Net card fees1,541 1,481 1,423 1,344 1,312 17 4,445 3,851 15 
Service fees and other revenue 1,169 1,265 906 1,134 839 39 3,340 2,182 53 
Processed revenue420 416 372 410 414 1 1,208 1,146 5 
Total non-interest revenues10,978 11,035 9,536 10,037 8,934 23 31,549 24,593 28 
Interest income
Interest on loans3,164 2,707 2,473 2,356 2,256 40 8,344 6,494 28 
Interest and dividends on investment securities27 22 13 17 18 50 62 66 (6)
Deposits with banks and other183 70 34 27 27 #287 73 #
Total interest income3,374 2,799 2,520 2,400 2,301 47 8,693 6,633 31 
Interest expense
Deposits440 187 122 102 109 #749 356 #
Long-term debt and other356 252 199 190 198 80 807 635 27 
Total interest expense796 439 321 292 307 #1,556 991 57 
Net interest income2,578 2,360 2,199 2,108 1,994 29 7,137 5,642 26 
Total revenues net of interest expense13,556 13,395 11,735 12,145 10,928 24 38,686 30,235 28 
Provisions for credit losses
Card Member receivables165 138 80 74 (12)#383 (147)#
Card Member loans596 272 (111)(9)(177)#757 (1,146)#
Other17 — (2)(12)(2)#15 (179)#
Total provisions for credit losses778 410 (33)53 (191)#1,155 (1,472)#
Total revenues net of interest expense after provisions for credit losses12,778 12,985 11,768 12,092 11,119 15 37,531 31,707 18 
Expenses
Card Member rewards3,571 3,591 3,111 3,032 3,020 18 10,273 7,975 29 
Business development1,194 1,404 1,043 1,128 943 27 3,641 2,634 38 
Card Member services774 678 626 665 579 34 2,078 1,328 56 
Marketing1,458 1,502 1,224 1,585 1,412 3 4,184 3,706 13 
Salaries and employee benefits1,748 1,816 1,654 1,654 1,497 17 5,218 4,586 14 
Professional services500 501 472 607 490 2 1,473 1,351 9 
Data processing and equipment651 623 600 659 613 6 1,874 1,772 6 
Other, net423 327 326 456 115 #1,076 (28)#
Total expenses10,319 10,442 9,056 9,786 8,669 19 29,817 23,324 28 
Pretax income2,459 2,543 2,712 2,306 2,450 — 7,714 8,383 (8)
Income tax provision580 579 613 587 624 (7)1,772 2,042 (13)
Net income$1,879 $1,964 $2,099 $1,719 $1,826 3 $5,942 $6,341 (6)
Net income attributable to common shareholders (A)$1,851 $1,934 $2,069 $1,679 $1,783 4 $5,854 $6,238 (6)
Effective tax rate23.6 %22.8 %22.6 %25.5 %25.5 %23.0 %24.4 %
Earnings Per Common Share
Basic
Net income attributable to common shareholders$2.47 $2.57 $2.73 $2.19 $2.27 9 $7.78 $7.84 (1)
Average common shares outstanding748 752 757 768 786 (5)752 796 (6)
Diluted
Net income attributable to common shareholders $2.47 $2.57 $2.73 $2.18 $2.27 9 $7.77 $7.82 (1)
Average common shares outstanding749 753 758 769 787 (5)753 797 (6)
Cash dividends declared per common share $0.52 $0.52 $0.52 $0.43 $0.43 21 $1.56 $1.29 21 
# - 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)
 Q3'22Q2'22Q1'22Q4'21Q3'21YOY % change
Assets      
Cash & cash equivalents$31 $26 $28 $22 $28 11 
Card Member receivables, less reserves55 56 53 54 49 12 
Card Member loans, less reserves96 92 86 85 74 30 
Investment securities5 4 4 3 10 (50)
Other (B)28 27 25 25 23 22 
Total assets$215 $205 $196 $189 $184 17 
Liabilities and Shareholders' Equity      
Customer deposits$103 $96 $91 $84 $84 23 
Short-term borrowings2 2 2 2 2 — 
Long-term debt42 40 38 39 34 24 
Other (B)44 44 43 42 40 10 
Total liabilities191 182 174 167 160 19 
Shareholders' Equity24 23 22 22 24 — 
Total liabilities and shareholders' equity$215 $205 $196 $189 $184 17 
Return on average equity (C)31.9 %34.4 %37.7 %33.7 %29.2 %
Return on average common equity (C)33.6 %36.5 %40.0 %35.8 %31.0 %
Book value per common share (dollars)$29.92 $28.82 $27.56 $27.05 $28.39 5 

See Appendix IV for footnote references
2

American Express Company(Preliminary)
Consolidated Capital
 
 Q3'22Q2'22Q1'22Q4'21Q3'21
Shares Outstanding (in millions) 
Beginning of period751 755 761 778 798 
Repurchase of common shares(4)(4)(8)(17)(20)
Net impact of employee benefit plans and others— — 2 — — 
End of period747 751 755 761 778 
Risk-Based Capital Ratios - Basel III ($ in billions) 
Common Equity Tier 1/Risk Weighted Assets (RWA)10.6 %10.3 %10.4 %10.5 %12.6 %
Tier 111.5 %11.2 %11.4 %11.5 %14.2 %
Total13.3 %13.0 %12.8 %12.9 %15.7 %
Common Equity Tier 1$19.3 $18.5 $17.6 $17.6 $19.1 
Tier 1 Capital$20.9 $20.2 $19.3 $19.2 $21.4 
Tier 2 Capital$3.2 $3.2 $2.4 $2.3 $2.2 
Total Capital$24.1 $23.4 $21.6 $21.5 $23.7 
RWA$181.7 $179.2 $169.4 $166.5 $150.7 
Tier 1 Leverage10.1 %10.3 %10.4 %10.5 %11.8 %
Average Total Assets to calculate the Tier 1 Leverage Ratio (D)$207.6 $195.8 $185.3 $183.5 $182.1 

See Appendix IV for footnote references
3

American Express Company(Preliminary)
Selected Card Related Statistical Information 
(Billions, except percentages and where indicated) 
 Q3'22Q2'22Q1'22Q4'21Q3'21YOY % changeYTD'22YTD'21YOY % change
Network volumes (E)$394.4 $394.8 $350.3 $368.1 $330.7 19 $1,139.5 $916.1 24 
Billed business (E)$339.0 $340.9 $301.0 $316.2 $280.4 21 $980.9 $773.6 27 
Processed volumes (E)$55.4 $53.9 $49.3 $51.9 $50.3 10 $158.6 $142.5 11 
Card Member loans$99.0 $95.4 $88.8 $88.6 $77.0 29 $99.0 $77.0 29 
Cards-in-force (millions) (F)131.4 127.5 124.6 121.7 119.2 10 131.4 119.2 10 
Proprietary cards-in-force75.6 74.2 72.8 71.4 70.6 7 75.6 70.6 7 
Basic cards-in-force (millions) (F)109.9 106.1 103.3 100.7 98.3 12 109.9 98.3 12 
Proprietary basic cards-in-force58.2 56.9 55.8 54.7 54.0 8 58.2 54.0 8 
Average proprietary basic Card Member spending (dollars)$5,886 $6,052 $5,452 $5,822 $5,231 13 $17,399 $14,555 20 
Average discount rate (G)2.36 %2.35 %2.32 %2.30 %2.32 %2.34 %2.30 %
Average fee per card (dollars) (H)$82 $81 $79 $76 $75 9 $81 $74 9 

See Appendix IV for footnote references
4

American Express Company(Preliminary)
Network Volumes Related Growth 
 YOY % change
 ReportedFX-Adjusted (I)ReportedFX-Adjusted (I)
 Q3'22Q2'22Q1'22Q4'21Q3'21Q3'22Q2'22Q1'22Q4'21Q3'21YTD'22YTD'22
Network volumes (E)19%25%30%29%29%23%28%32%30%29%24%28%
Billed business (E)212734323124303533312729
U.S. Consumer Services2227383737n/an/an/an/an/a28n/a
Commercial Services202731302820273130282626
International Card Services212933282737434032252740
Processed volumes (E)101212132019191515181118
Merchant Industry Metrics
Goods & Services (G&S)-related (74% of Q3'22 worldwide billed business)131519191816182119181618
T&E-related (26% of Q3'22 worldwide billed business)528011913012657841211321247781
Airline-related (6% of Q3'22 worldwide billed business)110142241271429118148246274426149155

See Appendix IV for footnote references
5

American Express Company(Preliminary)
Selected Credit Related Statistical Information
(Billions, except percentages and where indicated)
 Q3'22Q2'22Q1'22Q4'21Q3'21YOY % changeYTD'22YTD'21YOY % change
Worldwide Card Member loans         
Card Member loans$99.0 $95.4 $88.8 $88.6 $77.0 29 $99.0 $77.0 29 
Credit loss reserves (millions)
Beginning balance$2,997 $2,981 $3,305 $3,489 $3,835 (22)$3,305 $5,344 (38)
Provisions - principal, interest and fees596 272 (111)(9)(177)#757 (1,146)#
Net write-offs - principal less recoveries(203)(192)(165)(128)(118)72 (560)(544)3 
Net write-offs - interest and fees less recoveries(56)(55)(50)(43)(43)30 (161)(164)(2)
Other (J)(15)(9)2 (4)(8)88 (22)(1)#
Ending balance $3,319 $2,997 $2,981 $3,305 $3,489 (5)$3,319 $3,489 (5)
% of loans3.4 %3.1 %3.4 %3.7 %4.5 %3.4 %4.5 %
% of past due 393 %441 %455 %555 %666 %393 %666 %
Average loans$97.7 $92.4 $86.8 $82.9 $76.4 28 $92.3 $73.4 26 
Net write-off rate (principal, interest and fees) (K)1.1 %1.1 %1.0 %0.8 %0.8 %1.0 %1.3 %
Net write-off rate (principal only) (K)0.8 %0.8 %0.8 %0.6 %0.6 %0.8 %1.0 %
30+ days past due as a % of total0.9 %0.7 %0.7 %0.7 %0.7 %0.9 %0.7 %
Net interest income divided by average Card Member loans (L)10.5 %10.2 %10.1 %10.2 %10.4 %10.3 %10.2 % 
Net interest yield on average Card Member loans (L)10.8 %10.4 %10.5 %10.3 %10.8 %10.6 %10.9 % 
Worldwide Card Member receivables         
Card Member receivables$55.3 $56.0 $53.2 $53.6 $48.8 13 $55.3 $48.8 13 
Credit loss reserves (millions)
Beginning balance$119 $76 $64 $30 $73 63 $64 $267 (76)
Provisions - principal and fees165 138 80 74 (12)#383 (147)#
Net write-offs - principal and fees less recoveries(122)(95)(67)(40)(32)#(284)(89)#
Other (J)(3)— (1)— 1 #(4)(1)#
Ending balance$159 $119 $76 $64 $30 #$159 $30 #
% of receivables0.3 %0.2 %0.1 %0.1 %0.1 %0.3 %0.1 %
Net write-off rate (principal and fees) (K)0.9 %0.7 %0.5 %0.3 %0.3 %0.7 %0.3 %
Net write-off rate, excluding Corporate receivables (principal only) (K)(M)1.0 %0.8 %0.6 %0.3 %0.2 %0.8 %0.3 % 
30+ days past due as a % of total, excluding Corporate receivables (M)1.1 %0.8 %0.8 %0.6 %0.5 %1.1 %0.5 % 
Other loans (B)
Total other loans$4.8 $4.0 $3.3 $2.9 $2.4 #$4.8 $2.4 #
Credit loss reserves (millions)
Beginning balance$38 $48 $52 $66 $72 (47)$52 $238 (78)
Provisions14 (6)(2)(12)(5)#6 (152)#
Net write-offs(6)(4)(2)(2)— — (12)(19)(37)
Other (J)— — — — (1)#— (1)#
Ending balance$46 $38 $48 $52 $66 (30)$46 $66 $(30)
% of other loans1.0 %1.0 %1.5 %1.8 %2.8 %1.0 %2.8 %
Other receivables (B)
Total other receivables$3.0 $3.0 $2.7 $2.7 $2.7 11 $3.0 $2.7 11 
Credit loss reserves (millions)
Beginning balance$23 $22 $25 $33 $39 (41)$25 $85 (71)
Provisions3 6 — — 3 — 9 (27)#
Net write-offs(4)(6)(3)(8)(9)(56)(13)(25)(48)
Other (J)— 1 — — — — 1 — — 
Ending balance$22 $23 $22 $25 $33 (33)$22 $33 (33)
% of other receivables0.7 %0.8 %0.8 %0.9 %1.2 %0.7 %1.2 %
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
6

American Express Company(Preliminary)
Selected Income Statement Information by Segment 
(Millions)   
U.S. Consumer Services
(USCS)		Commercial Services
(CS)		International Card Services
(ICS)		Global Merchant and Network Services
(GMNS)		Corporate and OtherConsolidated
Q3'22     
Non-interest revenues$4,233 $3,145 $2,066 $1,562 $(28)$10,978 
Interest income2,251 552 364 6 201 3,374 
Interest expense274 201 178 (97)240 796 
Total revenues net of interest expense6,210 3,496 2,252 1,665 (67)13,556 
Total provisions for credit losses403 196 176 3 — 778 
Total revenues net of interest expense after provisions for credit losses5,807 3,300 2,076 1,662 (67)12,778 
Total expenses4,498 2,526 1,910 870 515 10,319 
Pretax income (loss)1,309 774 166 792 (582)2,459 
Q3'21
Non-interest revenues$3,372 $2,558 $1,732 $1,294 $(22)$8,934 
Interest income1,613 365 278 4 41 2,301 
Interest expense89 81 114 (24)47 307 
Total revenues net of interest expense4,896 2,842 1,896 1,322 (28)10,928 
Total provisions for credit losses(119)(67)(6)— 1 (191)
Total revenues net of interest expense after provisions for credit losses5,015 2,909 1,902 1,322 (29)11,119 
Total expenses3,764 2,210 1,633 809 253 8,669 
Pretax income (loss)1,251 699 269 513 (282)2,450 
YOY % change
Non-interest revenues26 23 19 21 27 23 
Interest income40 51 31 50 #47 
Interest expense##56 ###
Total revenues net of interest expense27 23 19 26 #24 
Total provisions for credit losses###— ##
Total revenues net of interest expense after provisions for credit losses16 13 9 26 #15 
Total expenses20 14 17 8 #19 
Pretax income (loss)5 11 (38)54 #— 
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
7

U.S. Consumer Services(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)
 Q3'22Q2'22Q1'22Q4'21Q3'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues$4,233 $4,154 $3,637 $3,698 $3,372 26 $12,024 $9,291 29 
Interest income2,251 1,893 1,736 1,681 1,613 40 5,880 4,647 27 
Interest expense274 136 103 85 89 #513 310 65 
Net interest income1,977 1,757 1,633 1,596 1,524 30 5,367 4,337 24 
Total revenues net of interest expense6,210 5,911 5,270 5,294 4,896 27 17,391 13,628 28 
Total provisions for credit losses403 192 (116)(9)(119)#479 (910)#
Total revenues net of interest expense after provisions for credit losses5,807 5,719 5,386 5,303 5,015 16 16,912 14,538 16 
Total expenses4,498 4,446 3,854 4,022 3,764 20 12,798 9,861 30 
Pretax segment income$1,309 $1,273 $1,532 $1,281 $1,251 5 $4,114 $4,677 (12)
(Billions, except percentages and where indicated)
Billed business (E)$140.3 $141.1 $122.7 $129.5 $114.9 22 $404.1 $314.7 28 
Proprietary cards-in-force (millions) (F)41.2 40.3 39.8 39.0 38.7 6 41.2 38.7 6 
Proprietary basic cards-in-force (millions) (F)28.9 28.3 27.9 27.3 27.2 6 28.9 27.2 6 
Average proprietary basic Card Member spending (dollars)$4,908 $5,028 $4,444 $4,755 $4,255 15 $14,387 $11,731 23 
Segment assets$84.8 $82.4 $76.7 $76.5 $68.4 24 $84.8 $68.4 24 
Card Member loans
Total loans$66.3 $63.7 $59.1 $59.8 $52.6 26 $66.3 $52.6 26 
Average loans$65.3 $61.6 $58.1 $56.1 $52.3 25 $61.7 $50.5 22 
Net write-off rate (principal, interest and fees) (K)1.1 %1.1 %1.0 %0.8 %0.8 %1.1 %1.2 % 
Net write-off rate (principal only) (K)0.8 %0.8 %0.8 %0.6 %0.5 %0.8 %0.9 % 
30+ days past due as a % of total0.9 %0.7 %0.8 %0.7 %0.7 %0.9 %0.7 % 
Net interest income divided by average Card Member loans (L)12.0 %11.4 %11.2 %11.4 %11.7 %11.6 %11.5 % 
Net interest yield on average Card Member loans (L)11.9 %11.3 %11.3 %11.2 %11.6 %11.5 %11.7 % 
Card Member receivables
Total receivables$13.2 $13.8 $13.4 $14.7 $12.6 5 $13.2 $12.6 5 
Net write-off rate (principal and fees) (K)0.6 %0.5 %0.3 %0.2 %0.1 %0.5 %— % 
Net write-off rate (principal only) (K)0.6 %0.5 %0.2 %0.2 %— %0.4 %— % 
30+ days past due as a % of total0.9 %0.6 %0.6 %0.4 %0.4 %0.9 %0.4 % 
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
8

Commercial Services(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)
Q3'22Q2'22Q1'22Q4'21Q3'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues$3,145 $3,122 $2,719 $2,780 $2,558 23 $8,986 $7,053 27 
Interest income552 468 415 388 365 51 1,435 1,020 41 
Interest expense201 121 87 77 81 #409 253 62 
Net interest income351 347 328 311 284 24 1,026 767 34 
Total revenues net of interest expense3,496 3,469 3,047 3,091 2,842 23 10,012 7,820 28 
Total provisions for credit losses196 97 1 9 (67)#294 (429)#
Total revenues net of interest expense after provisions for credit losses3,300 3,372 3,046 3,082 2,909 13 9,718 8,249 18 
Total expenses2,526 2,594 2,265 2,365 2,210 14 7,385 6,030 22 
Pretax segment income (loss)$774 $778 $781 $717 $699 11 $2,333 $2,219 5 
(Billions, except percentages and where indicated)
Billed business (E)$127.6 $127.9 $113.5 $117.9 $106.1 20 $369.0 $293.7 26 
Proprietary cards-in-force (millions) (F)14.6 14.2 13.8 13.4 13.1 11 14.6 13.1 11 
Average proprietary basic Card Member spending (dollars)$8,848 $9,146 $8,371 $8,911 $8,212 8 $26,377 $23,099 14 
Segment assets$51.3 $49.4 $46.6 $44.5 $40.5 27 $51.3 $40.5 27 
Card Member loans
Total loans$20.7 $19.4 $18.1 $17.0 $14.9 39 $20.7 $14.9 39 
Average loans$20.1 $18.8 $17.2 $15.9 $14.7 37 $18.7 $13.8 36 
Net write-off rate (principal, interest and fees) (K)0.8 %0.8 %0.7 %0.6 %0.5 %0.8 %0.8 %
Net write-off rate (principal only) (K)0.7 %0.6 %0.6 %0.5 %0.4 %0.6 %0.7 %
30+ days past due as a % of total0.7 %0.6 %0.6 %0.5 %0.5 %0.7 %0.5 %
Net interest income divided by average Card Member loans (L)6.9 %7.4 %7.8 %7.8 %7.7 %7.4 %7.4 %
Net interest yield on average Card Member loans (L)8.9 %8.8 %8.9 %8.8 %8.9 %8.9 %8.7 %
Card Member receivables
Total receivables$27.6 $27.1 $25.7 $24.6 $23.0 20 $27.6 $23.0 20 
Net write-off rate (principal and fees) (K)0.7 %0.6 %0.5 %0.2 %0.1 %0.6 %0.2 %
Net write-off rate (principal only) - small business (K) (M)0.9 %0.7 %0.6 %0.2 %0.1 %0.7 %0.1 %
30+ days past due as a % of total - small business1.4 %0.9 %0.9 %0.8 %0.6 %1.4 %0.6 %
90+ days past billing as a % of total - corporate (M)0.6 %0.4 %0.3 %0.3 %0.3 %0.6 %0.3 %
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
9

International Card Services(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)
 Q3'22Q2'22Q1'22Q4'21Q3'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues$2,066 $2,140 $1,859 $1,947 $1,732 19 $6,065 $4,814 26 
Interest income364 347 324 289 278 31 1,035 827 25 
Interest expense178 144 123 133 114 56 445 309 44 
Net interest income186 203 201 156 164 13 590 518 14 
Total revenues net of interest expense2,252 2,343 2,060 2,103 1,896 19 6,655 5,332 25 
Total provisions for credit losses176 116 82 53 (6)#374 (96)#
Total revenues net of interest expense after provisions for credit losses2,076 2,227 1,978 2,050 1,902 9 6,281 5,428 16 
Total expenses1,910 2,044 1,734 2,010 1,633 17 5,688 4,539 25 
Pretax segment income$166 $183 $244 $40 $269 (38)$593 $889 (33)
(Billions, except percentages and where indicated)
Billed business (E)$70.2 $71.0 $63.3 $67.6 $58.2 21 $204.5 $160.6 27 
Proprietary cards-in-force (millions) (F)19.8 19.6 19.3 19.0 18.8 5 19.8 18.8 5 
Proprietary basic cards-in-force (millions) (F)14.7 14.4 14.2 13.9 13.8 7 14.7 13.8 7 
Average proprietary basic Card Member spending (dollars)$4,824 $4,967 $4,505 $4,880 $4,258 13 $14,300 $11,801 21 
Segment assets$32.9 $33.7 $31.7 $32.6 $29.7 11 $32.9 $29.7 11 
Card Member loans - consumer and small business
Total loans$12.0 $12.3 $11.5 $11.6 $9.5 26 $12.0 $9.5 26 
Average loans $12.3 $12.0 $11.4 $10.8 $9.4 31 $11.9 $9.0 32 
Net write-off rate (principal, interest and fees) (K)1.4 %1.3 %1.2 %1.1 %1.7 %1.3 %2.5 %
Net write-off rate (principal only) (K)1.2 %1.1 %1.0 %0.8 %1.3 %1.1 %1.9 %
30+ days past due as a % of total1.0 %0.9 %0.9 %0.8 %1.0 %1.0 %1.0 %
Net interest income divided by average Card Member loans (L)6.0 %6.7 %7.1 %5.7 %6.9 %6.6 %7.6 %
Net interest yield on average Card Member loans (L)8.0 %8.6 %8.9 %7.7 %9.1 %8.5 %9.8 %
Card Member receivables
Total receivables$14.5 $15.1 $14.0 $14.3 $13.2 10 $14.5 $13.2 10 
Net write-off rate (principal and fees) (K)1.4 %1.1 %0.9 %0.5 %0.7 %1.1 %0.6 %
Net write-off rate (principal only) - consumer and small business (K) (M)1.6 %1.2 %0.9 %0.6 %0.7 %1.3 %0.9 %
30+ days past due as a % of total - consumer and small business1.2 %1.0 %0.9 %0.7 %0.6 %1.2 %0.6 %
90+ days past billing as a % of total - corporate (M)0.5 %0.5 %0.4 %0.3 %0.3 %0.5 %0.3 %
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
10

Global Merchant and Network Services(Preliminary)
Selected Income Statement and Statistical Information             
(Millions, except percentages)                 
 Q3'22Q2'22Q1'22Q4'21Q3'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues$1,562 $1,568 $1,372 $1,432 $1,294 21 $4,502 $3,589 25 
Interest income6 5 2 4 4 50 13 12 8 
Interest expense(97)(61)(44)(31)(24)#(202)(61)#
Net interest income103 66 46 35 28 #215 73 #
Total revenues net of interest expense1,665 1,634 1,418 1,467 1,322 26 4,717 3,662 29 
Total provisions for credit losses3 2 1 — — — 6 (37)#
Total revenues net of interest expense after provisions for credit losses1,662 1,632 1,417 1,467 1,322 26 4,711 3,699 27 
Total expenses870 830 748 992 809 8 2,448 2,300 6 
Pretax segment income$792 $802 $669 $475 $513 54 $2,263 $1,399 62 
(Billions)         
Total network volumes (E)$394.4 $394.8 $350.3 $368.1 $330.7 19 $1,139.5 $916.1 24 
Segment assets$15.4 $16.0 $16.3 $15.4 $14.3 8 $15.4 $14.3 8 
# - Denotes a variance of 100 percent or more.

See Appendix IV for footnote references
11

American Express Company(Preliminary)
Appendix I 
Components of Return on Average Equity (ROE) and Return on Average Common Equity (ROCE)
(Millions, except percentages) 
 
Q3'22Q2'22Q1'22Q4'21Q3'21
ROE     
Annualized Net income$7,516 $7,856 $8,396 $8,060 $7,304 
Average shareholders' equity$23,587 $22,809 $22,280 $23,910 $24,982 
Return on average equity (C)31.9 %34.4 %37.7 %33.7 %29.2 %
Reconciliation of ROCE     
Annualized Net income$7,516 $7,856 $8,396 $8,060 $7,304 
Preferred share dividends and equity related adjustments (N)58 58 57 87 118 
Earnings allocated to participating share awards and other57 60 64 56 54 
Net income attributable to common shareholders (N)$7,401 $7,738 $8,275 $7,917 $7,132 
Average shareholders' equity$23,587 $22,809 $22,280 $23,910 $24,982 
Average preferred shares (N)1,584 1,584 1,584 1,820 1,955 
Average common shareholders' equity$22,003 $21,225 $20,696 $22,090 $23,027 
Return on average common equity (C)33.6 %36.5 %40.0 %35.8 %31.0 %

See Appendix IV for footnote references
12

American Express Company(Preliminary)
Appendix II 
Net Interest Yield on Average Card Member Loans 
(Millions, except percentages and where indicated) 
 Q3'22Q2'22Q1'22Q4'21Q3'21YTD'22YTD'21Q2'21Q1'21Q4'20Q3'20Q2'20Q1'20
Consolidated       
Net interest income$2,578$2,360$2,199$2,108$1,994$7,137$5,642$1,818$1,830$1,897$1,874$1,884$2,330
Exclude:
Interest expense not attributable to our Card Member loan portfolio (O)374 211 158 135 172 743 603 195 236 254 296 350 395 
Interest income not attributable to our Card Member loan portfolio (P)(300)(167)(105)(98)(92)(572)(281)(93)(96)(111)(137)(156)(264)
Adjusted net interest income (L)$2,652$2,404$2,252$2,145$2,074$7,308$5,964$1,920$1,970$2,040$2,033$2,078$2,461
Average Card Member loans (billions)$97.7 $92.4 $86.8 $82.9 $76.4 $92.3 $73.4 $72.8 $70.7 $71.2 $69.9 $72.1 $83.4 
Net interest income divided by average Card Member loans (L)10.5 %10.2 %10.1 %10.2 %10.4 %10.3 %10.2 %10.0 %10.4 %10.7 %10.7 %10.5 %11.2 %
Net interest yield on average Card Member loans (L)10.8 %10.4 %10.5 %10.3 %10.8 %10.6 %10.9 %10.6 %11.3 %11.4 %11.6 %11.6 %11.9 %
U.S. Consumer Services
Net interest income$1,977 $1,756 $1,633 $1,596 $1,524 $5,366 $4,337 $1,392 $1,421 $1,490 $1,470 $1,462 $1,800 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (O)34 27 34 23 31 95 135 44 60 64 81 97 46 
Interest income not attributable to our Card Member loan portfolio (P)(61)(52)(42)(36)(27)(155)(74)(22)(25)(33)(42)(54)(60)
Adjusted net interest income (L)$1,950 $1,731 $1,625 $1,583 $1,528 $5,306 $4,398 $1,414 $1,456 $1,521 $1,509 $1,505 $1,786 
Average Card Member loans (billions)$65.3 $61.6 $58.1 $56.1 $52.3 $61.7 $50.5 $49.9 $49.0 $50.3 $50.0 $51.7 $59.3 
Net interest income divided by average Card Member loans (L)12.0 %11.4 %11.2 %11.4 %11.7 %11.6 %11.5 %11.2 %11.6 %11.8 %11.8 %11.3 %12.1 %
Net interest yield on average Card Member loans (L)11.9 %11.3 %11.3 %11.2 %11.6 %11.5 %11.7 %11.4 %12.1 %12.0 %12.0 %11.7 %12.1 %
Commercial Services
Net interest income$351 $347 $328 $311 $284 $1,026 $767 $249 $233 $227 $228 $254 $316 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (O)124 85 63 56 61 272 195 63 70 75 85 101 116 
Interest income not attributable to our Card Member loan portfolio (P)(24)(18)(15)(15)(16)(57)(61)(23)(21)(24)(33)(45)(64)
Adjusted net interest income (L)$451 $414 $376 $352 $329 $1,241 $901 $289 $282 $278 $280 $310 $368 
Average Card Member loans (billions)$20.1 $18.8 $17.2 $15.9 $14.7 $18.7 $13.8 $13.9 $13.0 $12.1 $11.7 $12.4 $13.7 
Net interest income divided by average Card Member loans (L)6.9 %7.4 %7.8 %7.8 %7.7 %7.4 %7.4 %7.2 %7.3 %7.4 %7.8 %8.2 %9.3 %
Net interest yield on average Card Member loans (L)8.9 %8.8 %8.9 %8.8 %8.9 %8.9 %8.7 %8.4 %8.8 %9.1 %9.5 %10.0 %10.8 %
International Card Services
Net interest income$186 $203 $201 $156 $164 $590 $518 $168 $185 $182 $186 $231 $266 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (O)72 61 54 57 55 187 154 51 49 61 62 36 45 
Interest income not attributable to our Card Member loan portfolio (P)(7)(5)(4)(3)(3)(16)(8)(2)(2)(2)(3)(7)(4)
Adjusted net interest income (L)$251 $259 $251 $210 $216 $761 $664 $217 $232 $241 $245 $260 $307 
Average Card Member loans (billions)$12.4 $12.1 $11.5 $10.9 $9.4 $12.0 $9.1 $9.0 $8.8 $8.8 $8.3 $8.1 $10.4 
Net interest income divided by average Card Member loans (L)6.0 %6.7 %7.1 %5.7 %6.9 %6.6 %7.6 %7.5 %8.5 %8.2 %8.9 %11.5 %10.3 %
Net interest yield on average Card Member loans (L)8.0 %8.6 %8.9 %7.7 %9.1 %8.5 %9.8 %9.7 %10.7 %10.9 %11.8 %13.0 %11.8 %
See Appendix IV for footnote references
13

Appendix III(Preliminary)
This presents financial and other information reflecting the realignment of our segments. Such information is being furnished in order to assist investors in understanding how our business segment results would historically have been presented had such results been reported to reflect the manner in which our business segments are managed effective for the third quarter of 2022. Such information does not represent a restatement of previously-issued consolidated financial statements, but rather represents a reclassification among our segments, and does not affect reported consolidated net income, earnings per share, total assets, stockholders' equity or regulatory capital for any of the previously reported periods.
U.S. Consumer Services
Selected Income Statement and Statistical Information
(Millions, except percentages)
 Q2'22Q1'22Q4'21Q3'21Q2'21Q1'21Q4'20Q3'20Q2'20Q1'20
Non-interest revenues$4,154 $3,637 $3,698 $3,372 $3,233 $2,686 $2,744 $2,522 $2,135 $2,724 
Interest income1,893 1,736 1,681 1,613 1,493 1,541 1,625 1,643 1,685 2,056 
Interest expense136 103 85 89 101 120 135 173 223 256 
Net interest income1,757 1,633 1,596 1,524 1,392 1,421 1,490 1,470 1,462 1,800 
Total revenues net of interest expense5,911 5,270 5,294 4,896 4,625 4,107 4,234 3,992 3,597 4,524 
Total provisions for credit losses192 (116)(9)(119)(300)(491)67 299 731 1,520 
Total revenues net of interest expense after provisions for credit losses5,719 5,386 5,303 5,015 4,925 4,598 4,167 3,693 2,866 3,004 
Total expenses4,446 3,854 4,022 3,764 3,364 2,733 2,907 2,726 2,099 2,895 
Pretax segment income$1,273 $1,532 $1,281 $1,251 $1,561 $1,865 $1,260 $967 $767 $109 
(Billions, except percentages and where indicated)
Billed business (E)$141.1 $122.7 $129.5 $114.9 $110.8 $89.0 $94.8 $83.9 $68.1 $90.9 
Proprietary cards-in-force (millions) (F)40.3 39.8 39.0 38.7 38.1 37.8 37.7 37.5 37.5 38.0 
Proprietary basic cards-in-force (millions) (F)28.3 27.9 27.3 27.2 26.9 26.7 26.6 26.5 26.6 27.0 
Average proprietary basic Card Member spending (dollars)$5,028 $4,444 $4,755 $4,255 $4,138 $3,336 $3,567 $3,162 $2,548 $3,366 
Segment assets$82.4 $76.7 $76.5 $68.4 $67.2 $61.5 $65.0 $61.7 $61.8 $67.9 
Card Member loans
Total loans$63.7 $59.1 $59.8 $52.6 $51.8 $48.3 $51.4 $49.8 $50.3 $55.6 
Average loans$61.6 $58.1 $56.1 $52.3 $49.9 $49.0 $50.3 $50.0 $51.7 $59.3 
Net write-off rate (principal, interest and fees) (K)1.1 %1.0 %0.8 %0.8 %1.2 %1.6 %2.3 %2.9 %3.3 %3.1 %
Net write-off rate (principal only) (K)0.8 %0.8 %0.6 %0.5 %0.9 %1.3 %1.9 %2.4 %2.8 %2.6 %
30+ days past due as a % of total0.7 %0.8 %0.7 %0.7 %0.6 %0.9 %1.0 %1.1 %1.5 %1.7 %
Net interest income divided by average Card Member loans (L)11.4 %11.2 %11.4 %11.7 %11.2 %11.6 %11.8 %11.8 %11.3 %12.1 %
Net interest yield on average Card Member loans (L)11.3 %11.3 %11.2 %11.6 %11.4 %12.1 %12.0 %12.0 %11.7 %12.1 %
Card Member receivables
Total receivables$13.8 $13.4 $14.7 $12.6 $12.9 $11.2 $11.9 $10.3 $9.5 $10.5 
Net write-off rate (principal and fees) (K)0.5 %0.3 %0.2 %0.1 %— %0.1 %0.5 %1.1 %2.3 %1.9 %
Net write-off rate (principal only) (K)0.5 %0.2 %0.2 %— %— %— %0.4 %1.0 %2.1 %1.7 %
30+ days past due as a % of total0.6 %0.6 %0.4 %0.4 %0.3 %0.4 %0.4 %0.6 %1.2 %1.5 %


See Appendix IV for footnote references
14

Commercial Services
Selected Income Statement and Statistical Information
(Millions, except percentages)
Q2'22Q1'22Q4'21Q3'21Q2'21Q1'21Q4'20Q3'20Q2'20Q1'20
Non-interest revenues$3,122 $2,719 $2,780 $2,558 $2,414 $2,081 $2,147 $1,986 $1,710 $2,367 
Interest income468 415 388 365 331 324 323 337 388 484 
Interest expense121 87 77 81 81 91 97 109 134 168 
Net interest income347 328 311 284 250 233 226 228 254 316 
Total revenues net of interest expense3,469 3,047 3,091 2,842 2,664 2,314 2,373 2,214 1,964 2,683 
Total provisions for credit losses97 1 9 (67)(187)(175)(155)244 537 665 
Total revenues net of interest expense after provisions for credit losses3,372 3,046 3,082 2,909 2,851 2,489 2,528 1,970 1,427 2,018 
Total expenses2,594 2,265 2,365 2,210 2,031 1,789 1,888 1,698 1,403 1,941 
Pretax segment income (loss)$778 $781 $717 $699 $820 $700 $640 $272 $24 $77 
(Billions, except percentages and where indicated)
Billed business (E)$127.9 $113.5 $117.9 $106.1 $100.7 $86.9 $91.0 $82.8 $69.9 $96.4 
Proprietary cards-in-force (millions) (F)14.2 13.8 13.4 13.1 12.8 12.6 12.5 12.5 12.5 12.7 
Average proprietary basic Card Member spending (dollars)$9,146 $8,371 $8,911 $8,212 $7,951 $6,929 $7,282 $6,634 $5,545 $7,587 
Segment assets$49.4 $46.6 $44.5 $40.5 $38.9 $35.8 $34.9 $33.6 $32.5 $39.9 
Card Member loans
Total loans$19.4 $18.1 $17.0 $14.9 $14.5 $13.3 $12.8 $11.6 $11.7 $13.4 
Average loans$18.8 $17.2 $15.9 $14.7 $13.9 $13.0 $12.1 $11.7 $12.4 $13.7 
Net write-off rate (principal, interest and fees) (K)0.8 %0.7 %0.6 %0.5 %0.7 %1.2 %2.2 %2.5 %2.6 %2.3 %
Net write-off rate (principal only) (K)0.6 %0.6 %0.5 %0.4 %0.6 %1.0 %2.0 %2.2 %2.3 %2.0 %
30+ days past due as a % of total0.6 %0.6 %0.5 %0.5 %0.4 %0.6 %0.7 %1.1 %1.6 %1.4 %
Net interest income divided by average Card Member loans (L)7.4 %7.8 %7.8 %7.7 %7.2 %7.3 %7.4 %7.8 %8.2 %9.3 %
Net interest yield on average Card Member loans (L)8.8 %8.9 %8.8 %8.9 %8.4 %8.8 %9.1 %9.5 %10.0 %10.8 %
Card Member receivables
Total receivables$27.1 $25.7 $24.6 $23.0 $21.6 $19.5 $19.2 $19.5 $17.9 $23.0 
Net write-off rate (principal and fees) (K)0.6 %0.5 %0.2 %0.1 %0.2 %0.3 %1.0 %2.2 %2.3 %1.6 %
Net write-off rate (principal only) - small business (K) (M)0.7 %0.6 %0.2 %0.1 %0.1 %0.3 %1.4 %2.4 %2.5 %2.3 %
30+ days past due as a % of total - small business0.9 %0.9 %0.8 %0.6 %0.5 %0.6 %0.7 %1.0 %2.3 %2.2 %
90+ days past billing as a % of total - corporate (M)0.4 %0.3 %0.3 %0.3 %0.2 %0.3 %0.4 %0.5 %1.9 %0.9 %

See Appendix IV for footnote references
15

International Card Services
Selected Income Statement and Statistical Information
(Millions, except percentages)
 Q2'22Q1'22Q4'21Q3'21Q2'21Q1'21Q4'20Q3'20Q2'20Q1'20
Non-interest revenues$2,140 $1,859 $1,947 $1,732 $1,612 $1,470 $1,586 $1,435 $1,175 $1,681 
Interest income347 324 289 278 270 279 287 286 301 370 
Interest expense144 123 133 114 101 94 105 100 70 104 
Net interest income203 201 156 164 169 185 182 186 231 266 
Total revenues net of interest expense2,343 2,060 2,103 1,896 1,781 1,655 1,768 1,621 1,406 1,947 
Total provisions for credit losses116 82 53 (6)(90)— (35)119 263 387 
Total revenues net of interest expense after provisions for credit losses2,227 1,978 2,050 1,902 1,871 1,655 1,803 1,502 1,143 1,560 
Total expenses2,044 1,734 2,010 1,633 1,519 1,387 1,555 1,338 1,116 1,478 
Pretax segment income$183 $244 $40 $269 $352 $268 $248 $164 $27 $82 
(Billions, except percentages and where indicated)
Billed business (E)$71.0 $63.3 $67.6 $58.2 $55.0 $47.4 $52.8 $45.8 $35.5 $53.4 
Proprietary cards-in-force (millions) (F)19.619.31918.818.7 18.6 18.7 18.9 19.3 19.7 
Proprietary basic cards-in-force (millions) (F)14.414.213.913.813.6 13.6 13.6 13.7 14.0 14.3 
Average proprietary basic Card Member spending (dollars)$4,967 $4,505 $4,880 $4,258 $4,046 $3,496 $3,869 $3,308 $2,516 $3,747 
Segment assets$33.7$31.7$32.6$29.7$28.6 $25.7 $28.2 $25.2 $23.6 $25.6 
Card Member loans - consumer and small business
Total loans$12.3 $11.5 $11.6 $9.5 $9.3 $8.4 $9.2 $8.2 $8.0 $8.6 
Average loans $12.0 $11.4 $10.8 $9.4 $8.9 $8.7 $8.7 $8.2 $8.0 $10.4 
Net write-off rate (principal, interest and fees) (K)1.3 %1.2 %1.1 %1.7 %2.8 %3.1 %3.0 %4.0 %4.4 %3.5 %
Net write-off rate (principal only) (K)1.1 %1.0 %0.8 %1.3 %2.1 %2.5 %2.4 %3.2 %3.6 %2.8 %
30+ days past due as a % of total0.9 %0.9 %0.8 %1.0 %1.1 %1.5 %1.7 %1.8 %2.2 %2.0 %
Net interest income divided by average Card Member loans (L)6.7 %7.1 %5.7 %6.9 %7.5 %8.5 %8.2 %8.9 %11.5 %10.3 %
Net interest yield on average Card Member loans (L)8.6 %8.9 %7.7 %9.1 %9.7 %10.7 %10.9 %11.8 %13.0 %11.8 %
Card Member receivables
Total receivables$15.1 $14.0 $14.3 $13.2 $13.1 $11.3 $12.6 $11.0 $10.2 $11.2 
Net write-off rate (principal and fees) (K)1.1 %0.9 %0.5 %0.7 %(0.3)%1.2 %1.5 %3.3 %5.5 %2.5 %
Net write-off rate (principal only) - consumer and small business (K) (M)1.2 %0.9 %0.6 %0.7 %0.9 %1.2 %1.1 %2.5 %3.2 %2.4 %
30+ days past due as a % of total - consumer and small business1.0 %0.9 %0.7 %0.6 %0.6 %0.8 %0.8 %1.0 %1.4 %1.9 %
90+ days past billing as a % of total - corporate (M)0.5 %0.4 %0.3 %0.3 %0.4 %0.9 %1.1 %1.2 %4.8 %1.4 %
See Appendix IV for footnote references
16

Global Merchant and Network Services
Selected Income Statement and Statistical Information             
(Millions, except percentages)                 
 Q2'22Q1'22Q4'21Q3'21Q2'21Q1'21Q4'20Q3'20Q2'20Q1'20
Non-interest revenues$1,568 $1,372 $1,432 $1,294 $1,220 $1,075 $1,101 $1,013 $844 $1,251 
Interest income5 2 4 4 4 4 4 4 4 6 
Interest expense(61)(44)(31)(24)(20)(17)(21)(19)(7)(35)
Net interest income66 46 35 28 24 21 25 23 11 41 
Total revenues net of interest expense1,634 1,418 1,467 1,322 1,244 1,096 1,126 1,036 855 1,292 
Total provisions for credit losses2 1 — — (27)(10)11 4 23 49 
Total revenues net of interest expense after provisions for credit losses1,632 1,417 1,467 1,322 1,271 1,106 1,115 1,032 832 1,243 
Total expenses830 748 992 809 757 734 862 711 642 713 
Pretax segment income$802 $669 $475 $513 $514 $372 $253 $321 $190 $530 
(Billions)
Total network volumes (E)$394.8 $350.3 $368.1 $330.7 $316.1 $269.3 $285.9 $255.5$211.0 $285.4 
Segment assets$16.0 $16.3 $15.4 $14.3 $14.3 $13.7 $14.1 $12.1$11.4 $10.0 


See Appendix IV for footnote references
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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)Represents net income, less (i) earnings allocated to participating share awards of $14 million, $15 million, $16 million, $11 million and $14 million in Q3'22, Q2'22, Q1'22, Q4'21 and Q3'21, respectively; (ii) dividends on preferred shares of $14 million, $15 million, $14 million, $22 million and $20 million in Q3'22, Q2'22, Q1'22, Q4'21 and Q3'21, respectively; and (iii) equity-related adjustments of $7 million and $9 million in Q4'21 and Q3'21, respectively, related to the redemption of preferred shares. (refer to Footnote "N").
(B)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), Premises and equipment and Other assets (including Other receivables); and within liabilities, "other" includes the following items: Accounts payable and Other liabilities.
(C)Effective Q1'22, we have changed the way we calculate Return on Average Equity (ROE) and Return on Average Common Equity (ROCE). ROE is calculated by dividing annualized net income for the period by average shareholders' equity for the period. ROCE is calculated by dividing annualized net income attributable to common shareholders for the period by average common shareholders' equity for the period.
(D)Presented for the purpose of calculating the Tier 1 Leverage Ratio.
(E)Network volumes represent our total volumes. Billed business represents transaction volumes from payment products issued by American Express. Processed volumes represent transaction volumes from cards issued by network partners and those associated with alternative payment solutions.
(F)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. 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.
(G)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 billed business, drive our discount revenue.
(H)Average fee per card is computed on an annualized basis based on proprietary net card fees divided by average proprietary total cards-in-force.
(I)FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S. dollars (e.g., assumes the foreign exchange rates used to determine results for Q3'22 apply to the period(s) against which such results are being compared).
(J)Other includes foreign currency impact on balance sheet re-measurement and translation.
(K)Our practice is to include uncollectible interest and/or fees as part of our total provision for credit losses and we therefore present a net write-off rate including principal, interest and/or fees. We also present a net write-off rate based on principal losses only to be consistent with industry convention.
(L)Net interest income divided by average Card Member loans, computed on an annualized basis, 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. Net interest yield on average Card Member loans, a non-GAAP measure, is computed by dividing adjusted net interest income (also a non-GAAP measure) by average Card Member loans, computed on an annualized basis. Adjusted net interest income 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. 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. See Appendix II for calculations of net interest income divided by average Card Member loans and net interest yield on average Card Member loans.
(M)A net write-off rate for principal losses only and delinquency data for periods other than 90+ days past billing are not available for corporate receivables due to system constraints. We believe that it 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., consumer and small business).
(N)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 and the $750 million of 5.200% Fixed Rate/Floating Rate Noncumulative Preferred Shares, Series B on November 15, 2021. The difference between the redemption value and carrying value of the redeemed Series B and C Preferred Shares resulted in reductions of $7 million and $9 million to net income available to common shareholders, in Q4'21 and Q3'21, respectively.
(O)Primarily represents interest expense attributable to maintaining our corporate liquidity pool and funding Card Member receivables.
(P)Primarily represents interest income attributable to Other loans, interest-bearing deposits and the fixed income investment portfolios.
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