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Exhibit 99.2
American Express Company(Preliminary)
Consolidated Statements of Income
(Millions, except percentages and per share amounts)
Q2'22Q1'22Q4'21Q3'21Q2'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues
Discount revenue (A)$7,873 $6,835 $7,149 $6,369 $6,044 30 $14,708 $11,045 33 
Net card fees1,481 1,423 1,344 1,312 1,286 15 2,904 2,539 14 
Service fees and other revenue (B)1,265 906 1,134 839 705 79 2,171 1,343 62 
Processed revenue (C)416 372 410 414 390 7 788 732 8 
Total non-interest revenues11,035 9,536 10,037 8,934 8,425 31 20,571 15,659 31 
Interest income
Interest on loans2,707 2,473 2,356 2,256 2,094 29 5,180 4,238 22 
Interest and dividends on investment securities22 13 17 18 24 (8)35 48 (27)
Deposits with banks and other70 34 27 27 22 #104 46 #
Total interest income2,799 2,520 2,400 2,301 2,140 31 5,319 4,332 23 
Interest expense
Deposits187 122 102 109 113 65 309 247 25 
Long-term debt and other252 199 190 198 209 21 451 437 3 
Total interest expense439 321 292 307 322 36 760 684 11 
Net interest income2,360 2,199 2,108 1,994 1,818 30 4,559 3,648 25 
Total revenues net of interest expense13,395 11,735 12,145 10,928 10,243 31 25,130 19,307 30 
Provisions for credit losses
Card Member receivables138 80 74 (12)(125)#218 (135)#
Card Member loans272 (111)(9)(177)(396)#161 (969)#
Other— (2)(12)(2)(85)#(2)(177)(99)
Total provisions for credit losses410 (33)53 (191)(606)#377 (1,281)#
Total revenues net of interest expense after provisions for credit losses12,985 11,768 12,092 11,119 10,849 20 24,753 20,588 20 
Expenses
Card Member rewards3,591 3,111 3,032 3,020 2,712 32 6,702 4,955 35 
Business development1,404 1,043 1,128 943 889 58 2,447 1,691 45 
Card Member services678 626 665 579 432 57 1,304 749 74 
Marketing1,502 1,224 1,585 1,412 1,330 13 2,726 2,294 19 
Salaries and employee benefits1,816 1,654 1,654 1,497 1,539 18 3,470 3,089 12 
Professional services501 472 607 490 458 9 973 861 13 
Data processing and equipment623 600 659 613 577 8 1,223 1,159 6 
Other, net327 326 456 115 (28)#653 (143)#
Total expenses10,442 9,056 9,786 8,669 7,909 32 19,498 14,655 33 
Pretax income2,543 2,712 2,306 2,450 2,940 (14)5,255 5,933 (11)
Income tax provision579 613 587 624 660 (12)1,192 1,418 (16)
Net income$1,964 $2,099 $1,719 $1,826 $2,280 (14)$4,063 $4,515 (10)
Net income attributable to common shareholders (D)$1,934 $2,069 $1,679 $1,783 $2,249 (14)$4,003 $4,455 (10)
Effective tax rate22.8 %22.6 %25.5 %25.5 %22.4 %22.7 %23.9 %
Earnings Per Common Share
Basic
Net income attributable to common shareholders$2.57 $2.73 $2.19 $2.27 $2.81 (9)$5.30 $5.55 (5)
Average common shares outstanding752 757 768 786 801 (6)755 802 (6)
Diluted
Net income attributable to common shareholders $2.57 $2.73 $2.18 $2.27 $2.80 (8)$5.30 $5.54 (4)
Average common shares outstanding753 758 769 787 802 (6)756 803 (6)
Cash dividends declared per common share $0.52 $0.52 $0.43 $0.43 $0.43 21 $1.04 $0.86 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)
 Q2'22Q1'22Q4'21Q3'21Q2'21YOY % change
Assets      
Cash & cash equivalents$26 $28 $22 $28 $31 (16)
Card Member receivables, less reserves56 53 54 49 48 17 
Card Member loans, less reserves92 86 85 74 72 28 
Investment securities4 4 3 10 12 (67)
Other (E)27 25 25 23 24 13 
Total assets$205 $196 $189 $184 $187 10 
Liabilities and Shareholders' Equity      
Customer deposits$96 $91 $84 $84 $85 13 
Short-term borrowings2 2 2 2 2 — 
Long-term debt40 38 39 34 37 8 
Other (E)44 43 42 40 37 19 
Total liabilities182 174 167 160 161 13 
Shareholders' Equity23 22 22 24 26 (12)
Total liabilities and shareholders' equity$205 $196 $189 $184 $187 10 
Return on average equity (F)34.4 %37.7 %33.7 %29.2 %36.5 %
Return on average common equity (F)36.5 %40.0 %35.8 %31.0 %38.4 %
Book value per common share (dollars)$28.82 $27.56 $27.05 $28.39 $30.02 (4)

See Appendix IV for footnote references
2

American Express Company(Preliminary)
Consolidated Capital
 
 Q2'22Q1'22Q4'21Q3'21Q2'21
Shares Outstanding (in millions) 
Beginning of period755 761 778 798 803 
Repurchase of common shares(4)(8)(17)(20)(6)
Net impact of employee benefit plans and others— 2 — — 1 
End of period751 755 761 778 798 
Risk-Based Capital Ratios - Basel III ($ in billions) 
Common Equity Tier 1/Risk Weighted Assets (RWA)10.3 %10.4 %10.5 %12.6 %14.2 %
Tier 111.2 %11.4 %11.5 %14.2 %15.3 %
Total13.0 %12.8 %12.9 %15.7 %16.8 %
Common Equity Tier 1$18.5 $17.6 $17.6 $19.1 $21.0 
Tier 1 Capital$20.2 $19.3 $19.2 $21.4 $22.6 
Tier 2 Capital$3.2 $2.4 $2.3 $2.2 $2.2 
Total Capital$23.4 $21.6 $21.5 $23.7 $24.8 
RWA$179.2 $169.4 $166.5 $150.7 $147.5 
Tier 1 Leverage10.3 %10.4 %10.5 %11.8 %12.2 %
Average Total Assets to calculate the Tier 1 Leverage Ratio (G)$195.8 $185.3 $183.5 $182.1 $185.6 

See Appendix IV for footnote references
3

American Express Company(Preliminary)
Selected Card Related Statistical Information 
(Billions, except percentages and where indicated) 
 Q2'22Q1'22Q4'21Q3'21Q2'21YOY % changeYTD'22YTD'21YOY % change
Network volumes (H)
U.S. $276.7 $244.5 $256.2 $232.0 $222.6 24 $521.2 $408.9 27 
Outside the U.S.118.1 105.8 111.9 98.7 93.5 26 223.9 176.5 27 
Total$394.8 $350.3 $368.1 $330.7 $316.1 25 $745.1 $585.4 27 
Billed business (H)$340.9 $301.0 $316.2 $280.4 $267.8 27 $641.9 $493.3 30 
Processed volumes (H)53.9 49.3 51.9 50.3 48.3 12 103.2 92.1 12 
Total$394.8 $350.3 $368.1 $330.7 $316.1 25 $745.1 $585.4 27 
Cards-in-force (millions) (I)
U.S. 59.1 57.7 56.4 56.0 54.8 8 59.1 54.8 8 
Outside the U.S. 68.4 66.9 65.3 63.2 60.2 14 68.4 60.2 14 
Total127.5 124.6 121.7 119.2 115.0 11 127.5 115.0 11 
Proprietary74.2 72.8 71.4 70.6 69.6 7 74.2 69.6 7 
Basic cards-in-force (millions) (I)
U.S.46.6 45.4 44.3 44.0 43.0 8 46.6 43.0 8 
Outside the U.S.59.5 57.9 56.4 54.3 51.2 16 59.5 51.2 16 
Total106.1 103.3 100.7 98.3 94.2 13 106.1 94.2 13 
Average proprietary basic Card Member spending (dollars)
U.S.$6,609 $5,965 $6,351 $5,771 $5,607 18 $12,585 $10,331 22 
Outside the U.S.$4,644 $4,165 $4,502 $3,893 $3,686 26 $8,811 $6,854 29 
Average$6,052 $5,452 $5,822 $5,231 $5,051 20 $11,512 $9,322 23 
Card Member loans
U.S.$83.1 $77.2 $76.9 $67.5 $66.2 26 $83.1 $66.2 26 
Outside the U.S.12.3 11.6 11.7 9.5 9.4 31 12.3 9.4 31 
Total$95.4 $88.8 $88.6 $77.0 $75.6 26 $95.4 $75.6 26 
Average discount rate (J)2.35 %2.32 %2.30 %2.32 %2.30 %2.34 %2.28 %
Average fee per card (dollars) (K)$81 $79 $76 $75 $74 9 $80 $73 10 

See Appendix IV for footnote references
4

American Express Company(Preliminary)
Selected Credit Related Statistical Information
(Billions, except percentages and where indicated)
 Q2'22Q1'22Q4'21Q3'21Q2'21YOY % changeYTD'22YTD'21YOY % change
Worldwide Card Member loans         
U.S.$83.1 $77.2 $76.9 $67.5 $66.2 26 $83.1 $66.2 26 
Outside the U.S.$12.3 $11.6 $11.7 $9.5 $9.4 31 $12.3 $9.4 31 
Total loans$95.4 $88.8 $88.6 $77.0 $75.6 26 $95.4 $75.6 26 
Credit loss reserves (millions)
Beginning balance$2,981 $3,305 $3,489 $3,835 $4,467 (33)$3,305 $5,344 (38)
Provisions - principal, interest and fees272 (111)(9)(177)(396)#161 (969)#
Net write-offs - principal less recoveries(192)(165)(128)(118)(185)4 (357)(426)(16)
Net write-offs - interest and fees less recoveries(55)(50)(43)(43)(58)(5)(105)(121)(13)
Other (L)(9)2 (4)(8)7 #(7)7 #
Ending balance $2,997 $2,981 $3,305 $3,489 $3,835 (22)$2,997 $3,835 (22)
% of loans3.1 %3.4 %3.7 %4.5 %5.1 %3.1 %5.1 %
% of past due 441 %455 %555 %666 %782 %441 %782 %
Average loans$92.4 $86.8 $82.9 $76.4 $72.8 27 $89.7 $72.0 25 
Net write-off rate (principal only) (M)0.8 %0.8 %0.6 %0.6 %1.0 %0.8 %1.2 %
Net write-off rate (principal, interest and fees) (M)1.1 %1.0 %0.8 %0.8 %1.3 %1.0 %1.5 %
30+ days past due as a % of total0.7 %0.7 %0.7 %0.7 %0.6 %0.7 %0.6 %
Net interest income divided by average Card Member loans (N)10.2 %10.1 %10.2 %10.4 %10.0 %10.2 %10.1 % 
Net interest yield on average Card Member loans (N)10.4 %10.5 %10.3 %10.8 %10.6 %10.5 %10.9 % 
Worldwide Card Member receivables         
U.S.$39.4 $38.2 $38.4 $34.8 $33.9 16 $39.4 $33.9 16 
Outside the U.S.$16.6 $15.0 $15.2 $14.0 $13.7 21 $16.6 $13.7 21 
Total receivables$56.0 $53.2 $53.6 $48.8 $47.6 18 $56.0 $47.6 18 
Credit loss reserves (millions)
Beginning balance$76 $64 $30 $73 $202 (62)$64 $267 (76)
Provisions - principal and fees138 80 74 (12)(125)#218 (135)#
Net write-offs - principal and fees less recoveries (O)(95)(67)(40)(32)(4)#(162)(57)#
Other (L)— (1)— 1 — — (1)(2)(50)
Ending balance$119 $76 $64 $30 $73 63 $119 $73 63 
% of receivables0.2 %0.1 %0.1 %0.1 %0.2 %0.2 %0.2 %
Net write-off rate (principal and fees) (M)(O)0.7 %0.5 %0.3 %0.3 %— %0.6 %0.3 %
Net write-off rate, excluding Global Corporate Payments (GCP) (principal and fees) (M)(P)0.8 %0.6 %0.4 %0.3 %0.3 %0.7 %0.4 %
Net write-off rate, excluding GCP (principal only) (M)(P)0.8 %0.6 %0.3 %0.2 %0.3 %0.7 %0.4 % 
30+ days past due as a % of total, excluding GCP (P)0.8 %0.8 %0.6 %0.5 %0.5 %0.8 %0.5 % 
Other loans (E)
Total other loans$4.0 $3.3 $2.9 $2.4 $2.2 82 $4.0 $2.2 82 
Credit loss reserves (millions)
Beginning balance$48 $52 $66 $72 $143 (66)$52 $238 (78)
Provisions(6)(2)(12)(5)(65)(91)(8)(147)$(95)
Net write-offs(4)(2)(2)— (5)(20)(6)(19)(68)
Other (L)— — — (1)(1)#— — — 
Ending balance$38 $48 $52 $66 $72 (47)$38 $72 $(47)
% of other loans1.0 %1.5 %1.8 %2.8 %3.3 %1.0 %3.3 %
Other receivables (E)
Total other receivables$3.0 $2.7 $2.7 $2.7 $2.9 3 $3.0 $2.9 3 
Credit loss reserves (millions)
Beginning balance$22 $25 $33 $39 $67 (67)$25 $85 (71)
Provisions6 — — 3 (20)#6 (30)#
Net write-offs(6)(3)(8)(9)(8)(25)(9)(16)(44)
Other (L)1 — — — — — 1 — — 
Ending balance$23 $22 $25 $33 $39 (41)$23 $39 (41)
% of other receivables0.8 %0.8 %0.9 %1.2 %1.3 %0.8 %1.3 %
# - 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)		Global Commercial Services
(GCS)		Global Merchant and Network Services
(GMNS)		Corporate and OtherConsolidated
Q2'22     
Non-interest revenues$5,792 $3,643 $1,551 $49 $11,035 
Interest income2,217 490 5 87 2,799 
Interest expense238 163 (61)99 439 
Total revenues net of interest expense7,771 3,970 1,617 37 13,395 
Total provisions for credit losses275 131 2 2 410 
Total revenues net of interest expense after provisions for credit losses7,496 3,839 1,615 35 12,985 
Total expenses6,092 3,022 800 528 10,442 
Pretax income (loss)1,404 817 815 (493)2,543 
Q2'21
Non-interest revenues$4,466 $2,811 $1,204 $(56)$8,425 
Interest income1,749 345 4 42 2,140 
Interest expense174 111 (20)57 322 
Total revenues net of interest expense6,041 3,045 1,228 (71)10,243 
Total provisions for credit losses(343)(236)(27)— (606)
Total revenues net of interest expense after provisions for credit losses6,384 3,281 1,255 (71)10,849 
Total expenses4,500 2,446 728 235 7,909 
Pretax income (loss)1,884 835 527 (306)2,940 
YOY % change
Non-interest revenues30 30 29 #31 
Interest income27 42 25 #31 
Interest expense37 47 #74 36 
Total revenues net of interest expense29 30 32 #31 
Total provisions for credit losses###— #
Total revenues net of interest expense after provisions for credit losses17 17 29 #20 
Total expenses35 24 10 #32 
Pretax income (loss)(25)(2)55 (61)(14)
# - 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)
 Q2'22Q1'22Q4'21Q3'21Q2'21Q2'22Q1'22Q4'21Q3'21Q2'21YTD'22YTD'22
Worldwide            
Network volumes (H)25%30%29%29%50%28%32%30%29%46%27%30%
Total billed business (H)273432315330353331513032
Consumer billed business273734346231393534583234
Commercial billed business283029284530323028432931
Processed volumes (H)121213203319151518261217
U.S.            
Network volumes (H)2431313353n/an/an/an/an/a27n/a
Total billed business (H)2633333253n/an/an/an/an/a29n/a
Consumer billed business2738373763n/an/an/an/an/a32n/a
Commercial billed business2630292844n/an/an/an/an/a28n/a
Outside the U.S.            
Network volumes (H)262723224239332620322736
Total billed business (H)313429285545413225433343
Consumer billed business283628275942433224463242
Commercial billed business373230284951393427383545
Asia Pacific, Australia & New Zealand network volumes171312102830191610201524
Latin America, Canada & Caribbean network volumes433936395547403835454144
Europe, the Middle East & Africa network volumes345038366649574031514153
Merchant Industry Metrics
Worldwide billed business (H)
Goods & Services (G&S)-related (74% of Q2'22 worldwide billed business)151919183418211918311416
T&E-related (26% of Q2'22 worldwide billed business)8011913012634784121132124340126130
Airline-related (6% of Q2'22 worldwide billed business)142241271429#148246274426#265272
U.S. billed business (H)
G&S-related (75% of Q2'22 U.S. billed business)1720201933n/an/an/an/an/a15n/a
T&E-related (25% of Q2'22 U.S. billed business)68110134141350n/an/an/an/an/a114n/a
Airline-related (6% of Q2'22 U.S. billed business)113217264421#n/an/an/an/an/a232n/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
(Millions, except percentages)
 Q2'22Q1'22Q4'21Q3'21Q2'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues$5,792 $5,049 $5,181 $4,704 $4,466 30 $10,841 $8,275 31 
Interest income2,217 2,040 1,955 1,879 1,749 27 4,257 3,557 20 
Interest expense238 192 181 174 174 37 430 362 19 
Net interest income1,979 1,848 1,774 1,705 1,575 26 3,827 3,195 20 
Total revenues net of interest expense7,771 6,897 6,955 6,409 6,041 29 14,668 11,470 28 
Total provisions for credit losses275 (55)27 (126)(343)#220 (846)#
Total revenues net of interest expense after provisions for credit losses7,496 6,952 6,928 6,535 6,384 17 14,448 12,316 17 
Total expenses6,092 5,217 5,619 5,043 4,500 35 11,309 8,287 36 
Pretax segment income$1,404 $1,735 $1,309 $1,492 $1,884 (25)$3,139 $4,029 (22)
(Billions, except percentages and where indicated)
Billed business (H)
U.S.$141.1 $122.7 $129.5 $114.9 $110.8 27 $263.7 $199.8 32 
Outside the U.S.$45.8 $41.1 $44.6 $38.2 $35.8 28 $87.0 $66.1 32 
Total$186.9 $163.8 $174.1 $153.1 $146.6 27 $350.7 $265.9 32 
Proprietary cards-in-force (millions) (I)
U.S.40.3 39.8 39.0 38.7 38.1 6 40.3 38.1 6 
Outside the U.S.17.5 17.2 17.0 16.8 16.7 5 17.5 16.7 5 
Total57.8 57.0 56.0 55.5 54.8 5 57.8 54.8 5 
Proprietary basic cards-in-force (millions) (I)
U.S.28.3 27.9 27.3 27.2 26.9 5 28.3 26.9 5 
Outside the U.S.12.3 12.1 11.9 11.7 11.6 6 12.3 11.6 6 
Total40.6 40.0 39.2 38.9 38.5 5 40.6 38.5 5 
Average proprietary basic Card Member spending (dollars)
U.S$5,028 $4,444 $4,755 $4,255 $4,138 22 $9,480 $7,474 27 
Outside the U.S.$3,761 $3,434 $3,770 $3,278 $3,087 22 $7,198 $5,704 26 
Average$4,645 $4,138 $4,457 $3,960 $3,821 22 $8,789 $6,939 27 
Segment assets$107.8 $101.0 $102.1 $91.8 $89.7 20 $107.8 $89.7 20 
Card Member loans
Total loans
U.S.$63.7 $59.1 $59.8 $52.6 $51.8 23 $63.7 $51.8 23 
Outside the U.S.$11.0 $10.4 $10.7 $9.0 $8.8 25 $11.0 $8.8 25 
Total$74.7 $69.5 $70.5 $61.6 $60.6 23 $74.7 $60.6 23 
Average loans
U.S.$61.6 $58.1 $56.1 $52.3 $49.9 23 $60.0 $49.6 21 
Outside the U.S.$10.8 $10.4 $10.0 $8.9 $8.4 29 $10.6 $8.4 26 
Total$72.4 $68.5 $66.1 $61.2 $58.3 24 $70.6 $58.0 22 
Lending Credit Metrics
U.S.         
Net write-off rate (principal only) (M)0.8 %0.8 %0.6 %0.5 %0.9 %0.8 %1.1 % 
Net write-off rate (principal, interest and fees) (M)1.1 %1.0 %0.8 %0.8 %1.2 %1.1 %1.4 % 
30+ days past due as a % of total0.7 %0.8 %0.7 %0.7 %0.6 %0.7 %0.6 % 
Outside the U.S. 
Net write-off rate (principal only) (M)1.1 %1.0 %0.9 %1.3 %2.2 %1.1 %2.3 % 
Net write-off rate (principal, interest and fees) (M)1.4 %1.3 %1.2 %1.7 %2.9 %1.3 %3.0 % 
30+ days past due as a % of total0.9 %0.9 %0.8 %1.0 %1.1 %0.9 %1.1 % 
Total 
Net write-off rate (principal only) (M)0.9 %0.8 %0.6 %0.7 %1.1 %0.8 %1.3 % 
Net write-off rate (principal, interest and fees) (M)1.2 %1.1 %0.9 %0.9 %1.5 %1.1 %1.7 % 
30+ days past due as a % of total0.7 %0.8 %0.7 %0.7 %0.7 %0.7 %0.7 % 
Net interest income divided by average Card Member loans (N)10.9 %10.8 %10.7 %11.1 %10.8 %10.8 %11.0 % 
Net interest yield on average Card Member loans (N)
U.S.11.3 %11.3 %11.2 %11.6 %11.4 %11.3 %11.7 % 
Outside the U.S.9.2 %9.3 %8.0 %9.3 %9.9 %9.2 %10.3 % 
Total11.0 %11.0 %10.7 %11.3 %11.1 %11.0 %11.5 % 
Card Member receivables
U.S.$13.8 $13.4 $14.7 $12.6 $12.9 7 $13.8 $12.9 7 
Outside the U.S.$7.6 $7.2 $7.7 $6.9 $7.0 9 $7.6 $7.0 9 
Total receivables$21.4 $20.6 $22.4 $19.5 $19.9 8 $21.4 $19.9 8 
Charge Credit Metrics         
U.S.         
Net write-off rate (principal only) (M)0.5 %0.2 %0.2 %— %— %0.4 %— % 
Net write-off rate (principal and fees) (M)0.5 %0.3 %0.2 %0.1 %— %0.4 %— % 
30+ days past due as a % of total0.6 %0.6 %0.4 %0.4 %0.3 %0.6 %0.3 % 
Outside the U.S. 
Net write-off rate (principal only) (M)1.1 %0.9 %0.5 %0.6 %1.0 %1.0 %1.1 % 
Net write-off rate (principal and fees) (M)1.2 %0.9 %0.6 %0.7 %1.1 %1.1 %1.2 % 
30+ days past due as a % of total1.0 %1.0 %0.7 %0.7 %0.7 %1.0 %0.7 % 
Total 
Net write-off rate (principal only) (M)0.7 %0.5 %0.3 %0.2 %0.3 %0.6 %0.4 % 
Net write-off rate (principal and fees) (M)0.8 %0.5 %0.3 %0.3 %0.4 %0.6 %0.5 % 
30+ days past due as a % of total0.8 %0.7 %0.5 %0.5 %0.4 %0.8 %0.4 % 
# - 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)
 Q2'22Q1'22Q4'21Q3'21Q2'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues$3,643 $3,180 $3,257 $2,975 $2,811 30 $6,823 $5,253 30 
Interest income490 436 401 378 345 42 926 681 36 
Interest expense163 122 111 111 111 47 285 227 26 
Net interest income327 314 290 267 234 40 641 454 41 
Total revenues net of interest expense3,970 3,494 3,547 3,242 3,045 30 7,464 5,707 31 
Total provisions for credit losses (O)131 21 25 (66)(236)#152 (397)#
Total revenues net of interest expense after provisions for credit losses3,839 3,473 3,522 3,308 3,281 17 7,312 6,104 20 
Total expenses3,022 2,669 2,822 2,594 2,446 24 5,691 4,594 24 
Pretax segment income (loss)$817 $804 $700 $714 $835 (2)$1,621 $1,510 7 
(Billions, except percentages and where indicated)
Billed business (H)$153.1 $135.7 $140.9 $126.1 $119.9 28 $288.7 $223.9 29 
Proprietary cards-in-force (millions) (I)16.4 15.8 15.4 15.1 14.8 11 16.4 14.8 11 
Average Card Member spending (dollars)$9,512 $8,682 $9,235 $8,447 $8,180 16 $18,204 $15,338 19 
Segment assets$59.1 $55.6 $52.9 $48.2 $46.4 27 $59.1 $46.4 27 
Card Member loans
Total loans$20.7 $19.4 $18.1 $15.4 $15.0 38 $20.7 $15.0 38 
Total loans - Global Small Business Services (GSBS)$20.6 $19.3 $18.0 $15.3 $15.0 37 $20.6 $15.0 37 
30+ days past due as a % of total - GSBS0.6 %0.6 %0.5 %0.5 %0.4 %0.6 %0.4 %
Average loans - GSBS$20.0 $18.2 $16.7 $15.2 $14.4 39 $19.1 $13.9 37 
Net write-off rate (principal only) - GSBS (M)0.6 %0.6 %0.5 %0.5 %0.6 %0.6 %0.8 %
Net write-off rate (principal, interest and fees) - GSBS (M)0.7 %0.7 %0.6 %0.6 %0.7 %0.7 %1.0 %
Net interest income divided by average Card Member loans (N)6.5 %6.9 %6.9 %7.0 %6.5 %6.7 %6.5 %
Net interest yield on average Card Member loans (N)8.5 %8.6 %8.5 %8.8 %8.3 %8.6 %8.5 %
Card Member receivables
Total receivables$34.6 $32.5 $31.3 $29.3 $27.7 25 $34.6 $27.7 25 
Net write-off rate (principal and fees) (M)(O)0.6 %0.5 %0.3 %0.2 %(0.2)%0.6 %0.1 %
Total receivables - GCP (P)$15.7 $14.5 $13.3 $12.5 $11.7 34 $15.7 $11.7 34 
90+ days past billing as a % of total - GCP (P)0.4 %0.3 %0.3 %0.3 %0.3 %0.4 %0.3 %
Net write-off rate (principal and fees) - GCP (M)(O)(P)0.3 %0.2 %0.2 %0.2 %(0.9)%0.3 %(0.3)%
Total receivables - GSBS$18.9 $18.0 $18.0 $16.8 $15.9 19 $18.9 $15.9 19 
30+ days past due as a % of total - GSBS0.9 %0.9 %0.7 %0.6 %0.5 %0.9 %0.5 %
Net write-off rate (principal only) - GSBS (M)0.9 %0.7 %0.3 %0.2 %0.2 %0.8 %0.3 %
Net write-off rate (principal and fees) - GSBS (M)0.9 %0.8 %0.4 %0.3 %0.3 %0.9 %0.4 %
# - 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             
(Millions, except percentages)                 
 Q2'22Q1'22Q4'21Q3'21Q2'21YOY % changeYTD'22YTD'21YOY % change
Non-interest revenues$1,551 $1,356 $1,416 $1,278 $1,204 29 $2,907 $2,265 28 
Interest income5 2 4 4 4 25 7 8 (13)
Interest expense(61)(44)(31)(24)(20)#(105)(37)#
Net interest income66 46 35 28 24 #112 45 #
Total revenues net of interest expense1,617 1,402 1,451 1,306 1,228 32 3,019 2,310 31 
Total provisions for credit losses2 — — — (27)#2 (37)#
Total revenues net of interest expense after provisions for credit losses1,615 1,402 1,451 1,306 1,255 29 3,017 2,347 29 
Total expenses800 715 946 779 728 10 1,515 1,435 6 
Pretax segment income$815 $687 $505 $527 $527 55 $1,502 $912 65 
(Billions)         
Segment assets$15.9 $16.1 $15.2 $14.2 $14.2 12 $15.9 $14.2 12 
# - 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) 
 
Q2'22Q1'22Q4'21Q3'21Q2'21
ROE     
Annualized Net income$7,856 $8,396 $8,060 $7,304 $9,120 
Average shareholders' equity$22,809 $22,280 $23,910 $24,982 $24,994 
Return on average equity (F)34.4 %37.7 %33.7 %29.2 %36.5 %
Reconciliation of ROCE     
Annualized Net income$7,856 $8,396 $8,060 $7,304 $9,120 
Preferred share dividends and equity related adjustments (R)58 57 87 118 57 
Earnings allocated to participating share awards and other60 64 56 54 65 
Net income attributable to common shareholders (R)$7,738 $8,275 $7,917 $7,132 $8,998 
Average shareholders' equity$22,809 $22,280 $23,910 $24,982 $24,994 
Average preferred shares (R)1,584 1,584 1,820 1,955 1,584 
Average common shareholders' equity$21,225 $20,696 $22,090 $23,027 $23,410 
Return on average common equity (F)36.5 %40.0 %35.8 %31.0 %38.4 %

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) 
 Q2'22Q1'22Q4'21Q3'21Q2'21YTD'22YTD'21
Consolidated       
Net interest income$2,360 $2,199 $2,108 $1,994 $1,818 $4,559 $3,648 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (S)211 158 135 172 195 369 431 
Interest income not attributable to our Card Member loan portfolio (T)(167)(105)(98)(92)(93)(272)(189)
Adjusted net interest income (N)$2,404 $2,252 $2,145 $2,074 $1,920 $4,656 $3,890 
Average Card Member loans (billions)$92.4 $86.8 $82.9 $76.4 $72.8 $89.7 $72.0 
Net interest income divided by average Card Member loans (N)10.2 %10.1 %10.2 %10.4 %10.0 %10.2 %10.1 %
Net interest yield on average Card Member loans (N)10.4 %10.5 %10.3 %10.8 %10.6 %10.5 %10.9 %
Global Consumer Services Group       
U.S.       
Net interest income$1,756 $1,633 $1,596 $1,524 $1,392 $3,389 $2,813 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (S)27 34 23 31 44 61 103 
Interest income not attributable to our Card Member loan portfolio (T)(52)(42)(36)(27)(22)(94)(46)
Adjusted net interest income (N)$1,731 $1,625 $1,583 $1,528 $1,414 $3,356 $2,870 
Average Card Member loans (billions)$61.6 $58.1 $56.1 $52.3 $49.9 $59.9 $49.6 
Net interest income divided by average Card Member loans (N)11.4 %11.2 %11.4 %11.7 %11.2 %11.3 %11.3 %
Net interest yield on average Card Member loans (N)11.3 %11.3 %11.2 %11.6 %11.4 %11.3 %11.7 %
Outside the U.S.       
Net interest income$223 $215 $178 $181 $183 $438 $382 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (S)27 26 27 29 26 53 52 
Interest income not attributable to our Card Member loan portfolio (T)(3)(3)(2)(2)(2)(6)(4)
Adjusted net interest income (N)$247 $238 $203 $208 $207 $485 $430 
Average Card Member loans (billions)$10.8 $10.4 $10.0 $8.9 $8.4 $10.6 $8.4 
Net interest income divided by average Card Member loans (N)8.3 %8.3 %7.1 %8.1 %8.7 %8.3 %9.1 %
Net interest yield on average Card Member loans (N)9.2 %9.3 %8.0 %9.3 %9.9 %9.2 %10.3 %
Total       
Net interest income$1,979 $1,848 $1,774 $1,705 $1,575 $3,827 $3,195 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (S)54 59 50 60 70 113 155 
Interest income not attributable to our Card Member loan portfolio (T)(55)(44)(38)(29)(24)(99)(50)
Adjusted net interest income (N)$1,978 $1,863 $1,786 $1,736 $1,621 $3,841 $3,300 
Average Card Member loans (billions)$72.4 $68.5 $66.1 $61.2 $58.3 $70.6 $58.0 
Net interest income divided by average Card Member loans (N)10.9 %10.8 %10.7 %11.1 %10.8 %10.8 %11.0 %
Net interest yield on average Card Member loans (N)11.0 %11.0 %10.7 %11.3 %11.1 %11.0 %11.5 %
Global Commercial Services       
Net interest income$327 $314 $290 $267 $234 $641 $454 
Exclude:
Interest expense not attributable to our Card Member loan portfolio (S)120 91 86 88 87 211 180 
Interest income not attributable to our Card Member loan portfolio (T)(21)(16)(17)(17)(22)(37)(44)
Adjusted net interest income (N)$426 $389 $359 $338 $299 $815 $590 
Average Card Member loans (billions)$20.1 $18.3 $16.8 $15.2 $14.5 $19.1 $14.0 
Net interest income divided by average Card Member loans (N)6.5 %6.9 %6.9 %7.0 %6.5 %6.7 %6.5 %
Net interest yield on average Card Member loans (N)8.5 %8.6 %8.5 %8.8 %8.3 %8.6 %8.5 %
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)

Q2'22Q1'22Q4'21Q3'21Q2'21YOY % changeYTD'22YTD'21YOY % change
Worldwide Card Member receivables
Net write-offs (millions)
Net write-offs (principal and fees) (M)$95 $67 $40 $32 $4 #$162 $57 #
Less: Net write-offs (principal and fees) - GCP (M)(O)(P)10 8 6 6 (24)#18 (14)#
Net write-offs (principal and fees) - GCSG and GSBS (M)$85 $59 $34 $26 $28 #$144 $71 #
Less: Net write-offs (fees only) - GCSG and GSBS (M)8 6 4 3 5 60 14 12 17 
Net write-offs (principal only) - GCSG and GSBS (M)$77 $53 $30 $23 $23 #$130 $59 #
Average Card Member receivables
Global Consumer Services Group (GCSG)$21.4 $20.5 $21.0 $19.8 $18.6 15 $21.0 $18.0 17 
Global Small Business Services (GSBS)18.7 17.3 17.5 16.5 15.2 23 18.0 14.6 23 
Average receivables (GCSG and GSBS)$40.1 $37.8 $38.5 $36.3 $33.8 19 $39.0 $32.6 20 
GCP (P)15.1 13.2 13.2 12.0 11.1 36 14.1 $10.9 29 
Total average receivables$55.2 $51.0 $51.7 $48.3 $44.9 23 $53.1 $43.5 22 
Net write-off rate (principal and fees) (M)0.7 %0.5 %0.3 %0.3 %— %0.6 %0.3 %
Net write-off rate (principal and fees) - GCSG and GSBS (M)0.8 %0.6 %0.4 %0.3 %0.3 %0.7 %0.4 %
Net write-off rate (principal only) - GCSG and GSBS (M)0.8 %0.6 %0.3 %0.2 %0.3 %0.7 %0.4 %
# - 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)Discount revenue represents the proportion of billed business earned and retained by us for facilitating transactions between Card Members and merchants on payment products issued by American Express.
(B)Service fees and other revenue includes service fees and travel commissions earned from merchants and other customers which are generally recognized in the period when the service is performed, and delinquency and foreign currency-related fees which are primarily recognized in the period when they are charged to the Card Member. In addition, Service fees and other revenue includes income (losses) from our investments in which we have significant influence, and therefore account for under the equity method.
(C)Processed revenue includes revenues related to network partnership agreements, comprising royalties, fees and amounts earned for facilitating transactions on cards issued by network partners. Processed revenue also includes fees earned on alternative payment solutions facilitated by American Express.
(D)Represents net income, less (i) earnings allocated to participating share awards of $15 million, $16 million, $11 million, $14 million and $16 million in Q2'22, Q1'22, Q4'21, Q3'21 and Q2'21, respectively; (ii) dividends on preferred shares of $15 million, $14 million, $22 million, $20 million and $15 million in Q2'22, Q1'22, Q4'21, Q3'21 and Q2'21, 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 "R").
(E)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.
(F)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.
(G)Presented for the purpose of calculating the Tier 1 Leverage Ratio.
(H)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. Network volumes represent our total volumes.
(I)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.
(J)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.
(K)Average fee per card is computed on an annualized basis based on proprietary net card fees divided by average proprietary total cards-in-force.
(L)Other includes foreign currency impact on balance sheet re-measurement and translation.
(M)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, 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.
(N)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.
(O)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.
(P)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.
(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 Q2'22 apply to the period(s) against which such results are being compared).
(R)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.
(S)Primarily represents interest expense attributable to maintaining our corporate liquidity pool and funding Card Member receivables.
(T)Primarily represents interest income attributable to Other loans, interest-bearing deposits and the fixed income investment portfolios.
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