American Express Co

Company facts

Industry

Finance Services

Headquarters

New York, New York

Most recent report

8-K, filed Aug 17, 2026

Incorporated

New York

Filings on record

1,001+ filings

On EDGAR

CIK 4962

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 0 positive, 4 notable, and 5 negative flags.

• Management's Discussion (Item 2)

  Core financial results, segment data, capital actions, and key regulatory risks all need review.
  Notable

  • Announced sale of ~30% stake in Global Business Travel Group; expects sizable pre-tax gain (in Other expense).
  • Effective tax rate rose to 23.6% from 18.7% in Q2 2026 as prior-year discrete benefits did not repeat.
  • Share repurchases and dividends consumed 93% of net income available to common in Q2 2026 ($2.887B).
  • Company became a Category II firm in Q2 2026, adding heightened capital, liquidity and reporting rules.
  Negative

  • AML programs under heightened scrutiny; company expects enforcement action including civil money penalties.

• Financial Statements (Item 1)

  Full financials and notes with material results, litigation, tax disputes, and capital deployment.
  Negative

  • KServicing seeks up to ~$746M over alleged fraudulent transfer from Kabbage acquisition.
  • Estimated possible loss range raised to $0-$260M from $0-$220M in Q1 2026.
  • IRS proposes $185M additional tax plus $50M penalties for 2017-2018 transfer pricing.

• Market Risk (Item 3)

  Quantifies $401M loss from +200bps rate rise, a change from prior no-material-change stance.
  Negative

  • +200bps rate rise reduces annual net interest income by $401M as of June 30, 2026, a material risk to earnings.

What changed: Jun 2026 vs. Mar 2026

About 6% of AXP's Jun 2026 10-Q is new information. 32 paragraphs were added, 232 changed, and 42 removed. Below are the most important lines SECSift identified.

• Item 2 128
• Item 1 82
• Item 3 7
• Item 6 2
• Item 5 1