← Filings of AXP
Tables in the 10-K of AMERICAN EXPRESS CO
108 tables with numbers, filed Feb 10, 2023. Each one downloads as a CSV for Excel or
Google Sheets, with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed.
Open the filing on sec.gov ↗
| Form 10-K Item Number | | Page |
| PART I | |
| 1. | Business | 1 |
| Competition | 9 |
| Supervision and Regulation | 11 |
| Additional Information | 21 |
| 1A. | Risk Factors | 22 |
| 1B. | Unresolved Staff Comments | 37 |
First 8 of 44 rows. The CSV has all of them.
Table 2 after “Set forth below, in alphabetical order, is a list of our executive officers as of February 10, 2023, including each executive officer’s prin”
Download CSV
| DOUGLAS E. BUCKMINSTER — | Vice Chairman |
| Mr. Buckminster (62) has been Vice Chairman since April 2021. Prior thereto, he had been Group President, Global Consumer Services Group since February 2018 and President, Global Consumer Services Group from October 2015 to February 2018. | |
| JEFFREY C. CAMPBELL — | Vice Chairman and Chief Financial Officer |
| Mr. Campbell (62) has been Vice Chairman since April 2021 and Chief Financial Officer since August 2013. | |
| HOWARD GROSFIELD — | President, U.S. Consumer Services |
| Mr. Grosfield (54) has been President, U.S. Consumer Services since May 2022. Prior thereto, he had been Executive Vice President and General Manager of U.S. Consumer Marketing and Global Premium Services since February 2021 and Executive Vice President and General Manager of U.S. Consumer Marketing Services from January 2016 to February 2021. | |
| MONIQUE HERENA — | Chief Colleague Experience Officer |
| Ms. Herena (51) has been Chief Colleague Experience Officer since April 2019. Ms. Herena joined American Express from BNY Mellon, where she served as the Chief Human Resources Officer and Senior Executive Vice President, Human Resources, Marketing and Communications since 2014. | |
First 8 of 18 rows. The CSV has all of them.
| RAVI RADHAKRISHNAN — | Chief Information Officer |
| Mr. Radhakrishnan (51) has been Chief Information Officer since January 2022. Mr. Radhakrishnan joined American Express from Wells Fargo & Company, where he served as Chief Information Officer for the Commercial Banking and Corporate & Investment Banking businesses since May 2020. Prior thereto, he had been Chief Information Officer, Wholesale, Wealth & Investment Management and Innovation from May 2019 to May 2020. He also served as Enterprise Chief Information Officer from March 2017 to May 2019. | |
| ELIZABETH RUTLEDGE — | Chief Marketing Officer |
| Ms. Rutledge (61) has been Chief Marketing Officer since February 2018. Prior thereto, she had been Executive Vice President, Global Advertising & Media since February 2016. | |
| LAUREEN E. SEEGER — | Chief Legal Officer |
| Ms. Seeger (61) has been Chief Legal Officer since July 2014. | |
| JENNIFER SKYLER — | Chief Corporate Affairs Officer |
| Ms. Skyler (46) has been Chief Corporate Affairs Officer since October 2019. Ms. Skyler joined American Express from WeWork, where she served as Chief Communications Officer from January 2018 to September 2019. Prior thereto, she had been Global Head of Public Affairs from January 2016 to January 2018. | |
First 8 of 12 rows. The CSV has all of them.
Table 4 after “The following graph compares the cumulative total shareholder return on our common shares with the total return on the S&P 500 Index and the”
Download CSV
| Year-end Data | 2017 | 2018 | | 2019 | 2020 | 2021 | | 2022 | | |
| American Express | $100.00 | | $97.37 | | $129.04 | | $127.55 | | $174.60 | $159.71 |
| S&P 500 Index | $100.00 | | $95.61 | | $125.70 | | $148.81 | | $191.48 | $156.77 |
| S&P Financial Index | $100.00 | | $86.96 | | $114.87 | | $112.85 | | $152.20 | $136.11 |
Table 5 after “The table below sets forth the information with respect to purchases of our common stock made by or on behalf of us during the quarter ended”
Download CSV
| Total Number of Shares Purchased | Average Price Paid Per Share | | Total Number of SharesPurchased as Part ofPublicly Announced Plansor Programs(c) | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs | | |
| October 1-31, 2022 | | | | | | | |
| Repurchase program(a) | — | | $— | | — | | 40,583,942 |
| Employee transactions(b) | — | | $— | | N/A | N/A | |
| November 1-30, 2022 | | | | | | | |
| Repurchase program(a) | 3,228,300 | | $152.38 | | 3,228,300 | | 37,355,642 |
| Employee transactions(b) | 7,572 | | $150.44 | | N/A | N/A | |
| December 1-31, 2022 | | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 6 after “TABLE 1: SUMMARY OF FINANCIAL PERFORMANCE”
Download CSV
| Years Ended December 31, | | | | | Change | Change | | | | | |
| (Millions, except percentages, per share amounts and where indicated) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | | | |
| Selected Income Statement Data | | | | | | | | | | | |
| Total revenues net of interest expense | $52,862 | $42,380 | | $36,087 | $10,482 | | 25% | | $6,293 | | 17% |
| Provisions for credit losses | 2,182 | (1,419) | | 4,730 | 3,601 | | # | (6,149) | | # | |
| Expenses | 41,095 | 33,110 | | 27,061 | 7,985 | | 24 | | 6,049 | | 22 |
| Pretax income | 9,585 | 10,689 | | 4,296 | (1,104) | | (10) | | 6,393 | | # |
| Income tax provision | 2,071 | 2,629 | | 1,161 | (558) | | (21) | | 1,468 | | # |
First 8 of 29 rows. The CSV has all of them.
Table 7 after “TABLE 2: TOTAL REVENUES NET OF INTEREST EXPENSE SUMMARY”
Download CSV
| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | | | | |
| Discount revenue | $30,739 | | $24,563 | | $19,435 | | $6,176 | 25% | | $5,128 | | 26% |
| Net card fees | 6,070 | | 5,195 | | 4,664 | | 875 | 17 | | 531 | | 11 |
| Service fees and other revenue | 4,521 | | 3,316 | | 2,702 | | 1,205 | 36 | | 614 | | 23 |
| Processed revenue | 1,637 | | 1,556 | | 1,301 | | 81 | 5 | | 255 | | 20 |
| Total non-interest revenues | 42,967 | | 34,630 | | 28,102 | | 8,337 | 24 | | 6,528 | | 23 |
| Total interest income | 12,658 | | 9,033 | | 10,083 | | 3,625 | 40 | | (1,050) | | (10) |
First 8 of 12 rows. The CSV has all of them.
Table 8 after “TABLE 3: PROVISIONS FOR CREDIT LOSSES SUMMARY”
Download CSV
| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | | | | |
| Card Member loans | | | | | | | | | | | | |
| Net write-offs | $1,066 | | $879 | | $2,170 | | $187 | 21% | | $(1,291) | | (59)% |
| Reserve build (release) (a) | 448 | | (2,034) | | 1,283 | | 2,482 | # | (3,317) | | # | |
| Total | 1,514 | | (1,155) | | 3,453 | | 2,669 | # | (4,608) | | # | |
| Card Member receivables | | | | | | | | | | | | |
| Net write-offs | 462 | | 129 | | 881 | | 333 | # | (752) | | (85) | |
First 8 of 18 rows. The CSV has all of them.
| Years Ended December 31, | | | | | Change | Change | | | | |
| (Millions, except percentages) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | | |
| Card Member rewards | $14,002 | | $11,007 | | $8,041 | | $2,995 | 27% | $2,966 | 37% |
| Business development | 4,943 | | 3,762 | | 3,051 | | 1,181 | 31 | 711 | 23 |
| Card Member services | 2,959 | | 1,993 | | 1,230 | | 966 | 48 | 763 | 62 |
| Marketing | 5,458 | | 5,291 | | 3,696 | | 167 | 3 | 1,595 | 43 |
| Salaries and employee benefits | 7,252 | | 6,240 | | 5,718 | | 1,012 | 16 | 522 | 9 |
| Other, net | 6,481 | | 4,817 | | 5,325 | | 1,664 | 35 | (508) | (10) |
First 8 of 9 rows. The CSV has all of them.
Table 10 after “TABLE 5: SELECTED CARD-RELATED STATISTICAL INFORMATION”
Download CSV
| | | | | Change | Change | |
| Years Ended December 31, | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | |
| Network volumes (billions) | $1,552.8 | $1,284.2 | | $1,037.8 | 21% | | 24% |
| Billed business | $1,338.3 | $1,089.8 | | $870.7 | 23 | | 25 |
| Processed volumes | $214.5 | $194.4 | | $167.1 | 10 | | 16 |
| Cards-in-force (millions) | 133.3 | 121.7 | | 112.0 | 10 | | 9 |
| Proprietary cards-in-force | 76.7 | 71.4 | | 68.9 | 7 | | 4 |
| Basic cards-in-force (millions) | 111.5 | 100.7 | | 91.3 | 11 | | 10 |
First 8 of 12 rows. The CSV has all of them.
Table 11 after “TABLE 6: NETWORK VOLUMES-RELATED STATISTICAL INFORMATION”
Download CSV
| 2022 | 2021 | | | | | |
| Year over Year Percentage Increase (Decrease) | Percentage Increase (Decrease) Assuming No Changes in FX Rates(a) | | Year over Year Percentage Increase (Decrease) | | Percentage Increase (Decrease)Assuming No Changes in FX Rates(a) | |
| Network volumes | 21% | | 24% | | | 24% | 23% |
| Total billed business | 23 | | 25 | | | 25 | 24 |
| U.S. Consumer Services | 24 | | | | 32 | | |
| Commercial Services | 21 | | 22 | | | 21 | 20 |
| International Card Services | 23 | | 36 | | | 22 | 18 |
| Processed volumes | 10 | | 18 | | | 16 | 14 |
First 8 of 12 rows. The CSV has all of them.
Table 12 after “TABLE 7: SELECTED CREDIT-RELATED STATISTICAL INFORMATION”
Download CSV
| As of or for the Years Ended December 31, | | | | | Change | Change | | | |
| (Millions, except percentages and where indicated) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | |
| Card Member loans: | | | | | | | | | |
| Card Member loans (billions) | $108.0 | | $88.6 | | $73.4 | | 22% | | 21% |
| Credit loss reserves: | | | | | | | | | |
| Beginning balance | $3,305 | | $5,344 | | $4,027 | | (38) | | 33 |
| Provisions — principal, interest and fees | 1,514 | | (1,155) | | 3,453 | | # | # | |
| Net write-offs — principal less recoveries | (837) | | (672) | | (1,795) | | 25 | | (63) |
First 8 of 28 rows. The CSV has all of them.
Table 13 after “TABLE 8: NET INTEREST YIELD ON AVERAGE CARD MEMBER LOANS”
Download CSV
| Years Ended December 31, | | | | | |
| (Millions, except percentages and where indicated) | 2022 | 2021 | | 2020 | |
| Net interest income | $9,895 | | $7,750 | | $7,985 |
| Exclude: | | | | | |
| Interest expense not attributable to our Card Member loan portfolio (a) | 1,268 | | 738 | | 1,295 |
| Interest income not attributable to our Card Member loan portfolio (b) | (1,023) | | (379) | | (668) |
| Adjusted net interest income (c) | $10,140 | | $8,109 | | $8,612 |
| Average Card Member loans (billions) | $95.4 | | $76.0 | | $74.6 |
First 8 of 10 rows. The CSV has all of them.
Table 14 after “TABLE 9: USCS SELECTED INCOME STATEMENT DATA”
Download CSV
| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | | | | |
| Revenues | | | | | | | | | | | | |
| Non-interest revenues | $16,440 | | $12,989 | | $10,125 | | $3,451 | 27% | | $2,864 | | 28% |
| Interest income | 8,457 | | 6,328 | | 7,009 | | 2,129 | 34 | | (681) | | (10) |
| Interest expense | 983 | | 395 | | 787 | | 588 | # | (392) | | (50) | |
| Net interest income | 7,474 | | 5,933 | | 6,222 | | 1,541 | 26 | | (289) | | (5) |
| Total revenues net of interest expense | 23,914 | | 18,922 | | 16,347 | | 4,992 | 26 | | 2,575 | | 16 |
First 8 of 13 rows. The CSV has all of them.
Table 15 after “TABLE 10: USCS SELECTED STATISTICAL INFORMATION”
Download CSV
| As of or for the Years Ended December 31, | | | | | Change | Change | |
| (Millions, except percentages and where indicated) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | |
| Billed business (billions) | $553.0 | $444.2 | | $337.6 | 24% | | 32% |
| Proprietary cards-in-force | 41.7 | 39.0 | | 37.7 | 7 | | 3 |
| Proprietary basic cards-in-force | 29.2 | 27.3 | | 26.6 | 7 | | 3 |
| Average proprietary basic Card Member spending (dollars) | $19,514 | $16,498 | | $12,641 | 18 | | 31 |
| Total segment assets (billions) | $94.4 | $76.5 | | $65.0 | 23 | | 18 |
| Card Member loans: | | | | | | | |
First 8 of 27 rows. The CSV has all of them.
Table 16 after “TABLE 11: CS SELECTED INCOME STATEMENT DATA”
Download CSV
| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | | | | |
| Revenues | | | | | | | | | | | | |
| Non-interest revenues | $12,196 | | $9,833 | | $8,210 | | $2,363 | 24% | | $1,623 | | 20% |
| Interest income | 2,070 | | 1,408 | | 1,532 | | 662 | 47 | | (124) | | (8) |
| Interest expense | 697 | | 330 | | 508 | | 367 | # | (178) | | (35) | |
| Net interest income | 1,373 | | 1,078 | | 1,024 | | 295 | 27 | | 54 | | 5 |
| Total revenues net of interest expense | 13,569 | | 10,911 | | 9,234 | | 2,658 | 24 | | 1,677 | | 18 |
First 8 of 13 rows. The CSV has all of them.
Table 17 after “TABLE 12: CS SELECTED STATISTICAL INFORMATION”
Download CSV
| As of or for the Years Ended December 31, | | | | | Change | Change | |
| (Millions, except percentages and where indicated) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | |
| Billed business (billions) | $499.5 | $411.6 | | $340.0 | 21% | | 21% |
| Proprietary cards-in-force | 14.9 | 13.4 | | 12.5 | 11 | | 7 |
| Average Card Member spending (dollars) | $35,202 | $32,042 | | $27,045 | 10 | | 18 |
| Total segment assets (billions) | $51.4 | $44.5 | | $34.9 | 16 | | 28 |
| Card Member loans: | | | | | | | |
| Total loans (billions) | $21.4 | $17.0 | | $12.8 | 26 | | 33 |
First 8 of 27 rows. The CSV has all of them.
Table 18 after “TABLE 13: ICS SELECTED INCOME STATEMENT DATA”
Download CSV
| Years Ended December 31, | | | | | Change | Change | | | | | | |
| (Millions, except percentages) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | | | | |
| Revenues | | | | | | | | | | | | |
| Non-interest revenues | $8,262 | | $6,761 | | $5,877 | | $1,501 | 22% | | $884 | | 15% |
| Interest income | 1,453 | | 1,116 | | 1,244 | | 337 | 30 | | (128) | | (10) |
| Interest expense | 654 | | 442 | | 379 | | 212 | 48 | | 63 | | 17 |
| Net interest income | 799 | | 674 | | 865 | | 125 | 19 | | (191) | | (22) |
| Total revenues net of interest expense | 9,061 | | 7,435 | | 6,742 | | 1,626 | 22 | | 693 | | 10 |
First 8 of 13 rows. The CSV has all of them.
Table 19 after “TABLE 14: ICS SELECTED STATISTICAL INFORMATION”
Download CSV
| As of or for the Years Ended December 31, | | | | | Change | Change | |
| (Millions, except percentages and where indicated) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | |
| Billed business (billions) | $281.6 | $228.2 | | $187.5 | 23% | | 22% |
| Proprietary cards-in-force | 20.1 | 19.0 | | 18.7 | 6 | | 2 |
| Proprietary basic cards-in-force | 14.9 | 13.9 | | 13.6 | 7 | | 2 |
| Average proprietary basic Card Member spending (dollars) | $19,519 | $16,689 | | $13,429 | 17 | | 24 |
| Total segment assets (billions) | $36.9 | $32.6 | | $28.2 | 13 | | 16 |
| Card Member loans - consumer and small business: | | | | | | | |
First 8 of 28 rows. The CSV has all of them.
Table 20 after “TABLE 15: GMNS SELECTED INCOME STATEMENT AND OTHER DATA”
Download CSV
| Years Ended December 31, | | | | | Change | Change | | | | | | | | |
| (Millions, except percentages and where indicated) | 2022 | 2021 | | 2020 | 2022 vs. 2021 | 2021 vs. 2020 | | | | | | | | |
| Revenues | | | | | | | | | | | | | | |
| Non-interest revenues | $6,123 | | $5,021 | | $4,209 | | $1,102 | | 22% | | $812 | | | 19% |
| Interest income | 23 | | 16 | | 18 | | 7 | | 44 | | (2) | | | (11) |
| Interest expense | (329) | | (92) | | (82) | | (237) | | # | (10) | | | (12) | |
| Net interest income | 352 | | 108 | | 100 | | 244 | | # | 8 | | | 8 | |
| Total revenues net of interest expense | 6,475 | | 5,129 | | 4,309 | | 1,346 | | 26 | | 820 | | | 19 |
First 8 of 15 rows. The CSV has all of them.
Table 21 after “TABLE 16: REGULATORY RISK-BASED CAPITAL AND LEVERAGE RATIOS”
Download CSV
| Effective Minimum (a) | Ratios as of December 31, 2022 |
| Risk-Based Capital | | |
| Common Equity Tier 1 | 7.0% | |
| American Express Company | | 10.3% |
| American Express National Bank | | 11.3 |
| Tier 1 | 8.5 | |
| American Express Company | | 11.1 |
| American Express National Bank | | 11.3 |
First 8 of 14 rows. The CSV has all of them.
Table 22 after “TABLE 17: REGULATORY RISK-BASED CAPITAL COMPONENTS AND RISK-WEIGHTED ASSETS”
Download CSV
| American Express Company($ in Billions) | December 31, 2022 |
| Risk-Based Capital | |
| Common Equity Tier 1 | $20.0 |
| Tier 1 Capital | 21.6 |
| Tier 2 Capital | 3.3 |
| Total Capital | 24.9 |
| Risk-Weighted Assets | 194.4 |
| Average Total Assets to calculate the Tier 1 Leverage Ratio | $218.6 |
Table 23 after “TABLE 18: SUMMARY OF CUSTOMER DEPOSITS AND CONSOLIDATED DEBT”
Download CSV
| (Billions) | 2022 | 2021 | |
| Customer deposits | $110.2 | | $84.4 |
| Short-term borrowings | 1.3 | | 2.2 |
| Long-term debt | 42.6 | | 38.7 |
| Total customer deposits and debt | $154.1 | | $125.3 |
Table 24 after “TABLE 19: UNSECURED DEBT RATINGS”
Download CSV
| American Express Entity | | Moody's | S&P | Fitch |
| American Express Company | Long Term | A2 | BBB+ | A |
| Short Term | N/A | A-2 | F1 | |
| Outlook | Stable | Stable | Stable | |
| American Express Travel Related Services Company, Inc. | Long Term | A2 | A- | A |
| Short Term | Prime-1 | A-2 | F1 | |
| Outlook | Stable | Stable | Stable | |
| American Express National Bank | Long Term | A3 | A- | A |
First 8 of 13 rows. The CSV has all of them.
| (Billions) | 2022 |
| American Express Company: | |
| Fixed Rate Senior Notes (weighted-average coupon rate of 3.60%) | $10.2 |
| Floating Rate Senior Notes (compounded SOFR (a) plus weighted-average spread of 83 basis points) | 1.0 |
| Fixed-to-Floating Rate Senior Notes (4.42% coupon during the fixed rate period and compounded SOFR (a) plus 1.76% during the floating rate period) | 1.2 |
| Fixed-to-Floating Rate Subordinated Notes (4.989% coupon during the fixed rate period and compounded SOFR (a)plus 2.255% during the floating rate period) | 0.8 |
| American Express Credit Account Master Trust: | |
| Fixed Rate Class A Certificates (weighted-average coupon of 3.51%) | 7.3 |
First 8 of 9 rows. The CSV has all of them.
| (Billions) | 2022 | 2021 | | 2020 | |
| Total cash provided by (used in): | | | | | |
| Operating activities | $21.1 | | $14.6 | | $5.6 |
| Investing activities | (33.7) | | (10.5) | | 11.6 |
| Financing activities | 24.5 | | (14.9) | | (9.1) |
| Effect of foreign currency exchange rates on cash and cash equivalents | — | | (0.1) | | 0.4 |
| Net increase (decrease) in cash and cash equivalents | $11.9 | | $(10.9) | | $8.5 |
Table 27 after “INDEX TO CONSOLIDATED FINANCIAL STATEMENTS”
Download CSV
| CONSOLIDATED FINANCIAL STATEMENTS | PAGE |
| Consolidated Statements of Income – For the Years Ended December 31, 2022, 2021 and 2020 | 93 |
| Consolidated Statements of Comprehensive Income – For the Years Ended December 31, 2022, 2021 and 2020 | 94 |
| Consolidated Balance Sheets – December 31, 2022 and 2021 | 95 |
| Consolidated Statements of Cash Flows – For the Years Ended December 31, 2022, 2021 and 2020 | 96 |
| Consolidated Statements of Shareholders’ Equity – For the Years Ended December 31, 2022, 2021 and 2020 | 97 |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS | 98 |
| Note 1 – Summary of Significant Accounting Policies | 98 |
First 8 of 32 rows. The CSV has all of them.
Table 28 after “CONSOLIDATED STATEMENTS OF INCOME”
Download CSV
| Year Ended December 31 (Millions, except per share amounts) | 2022 | 2021 | | 2020 | |
| Revenues | | | | | |
| Non-interest revenues | | | | | |
| Discount revenue | $30,739 | | $24,563 | | $19,435 |
| Net card fees | 6,070 | | 5,195 | | 4,664 |
| Service fees and other revenue | 4,521 | | 3,316 | | 2,702 |
| Processed revenue | 1,637 | | 1,556 | | 1,301 |
| Total non-interest revenues | 42,967 | | 34,630 | | 28,102 |
First 8 of 42 rows. The CSV has all of them.
Table 29 after “CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME”
Download CSV
| Year Ended December 31 (Millions) | 2022 | 2021 | | 2020 | |
| Net income | $7,514 | | $8,060 | | $3,135 |
| Other comprehensive (loss) income: | | | | | |
| Net unrealized debt securities (losses) gains, net of tax | (87) | | (42) | | 32 |
| Foreign currency translation adjustments, net of hedges and tax | (230) | | (163) | | (40) |
| Net unrealized pension and other postretirement benefits, net of tax | 52 | | 155 | | (150) |
| Other comprehensive (loss) income | (265) | | (50) | | (158) |
| Comprehensive income | $7,249 | | $8,010 | | $2,977 |
| December 31 (Millions, except share data) | 2022 | 2021 | |
| Assets | | | |
| Cash and cash equivalents | | | |
| Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2022, $5; 2021, $11) | $5,510 | | $1,292 |
| Interest-bearing deposits in other banks (includes securities purchased under resale agreements: 2022, $318; 2021, $463) | 28,097 | | 20,548 |
| Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2022, $54; 2021, $32) | 307 | | 188 |
| Total cash and cash equivalents | 33,914 | | 22,028 |
| Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2022, $5,193; 2021, $5,175), less reserves for credit losses: 2022, $229; 2021, $64 | 57,384 | | 53,581 |
First 8 of 31 rows. The CSV has all of them.
Table 31 after “CONSOLIDATED STATEMENTS OF CASH FLOWS”
Download CSV
| Years Ended December 31 (Millions) | 2022 | 2021 | | 2020 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $7,514 | | $8,060 | | $3,135 |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | | | |
| Provisions for credit losses | 2,182 | | (1,419) | | 4,730 |
| Depreciation and amortization | 1,626 | | 1,695 | | 1,543 |
| Stock-based compensation | 375 | | 330 | | 249 |
| Deferred taxes | (1,189) | | 294 | | (939) |
First 8 of 39 rows. The CSV has all of them.
Table 32 after “Supplemental cash flow information”
Download CSV
| Cash and cash equivalents reconciliation | 2022 | 2021 | | 2020 | |
| Cash and cash equivalents per Consolidated Balance Sheets | $33,914 | | $22,028 | | $32,965 |
| Restricted balances included in Cash and cash equivalents | 544 | | 525 | | 606 |
| Total cash and cash equivalents, excluding restricted balances | $33,370 | | $21,503 | | $32,359 |
Table 33 after “CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY”
Download CSV
| (Millions, except per share amounts) | Total | Preferred Shares | | Common Shares | Additional Paid-in Capital | Accumulated Other Comprehensive Income (Loss) | | Retained Earnings | | |
| Balances as of December 31, 2019 | $23,071 | | $— | | $163 | | $11,774 | | $(2,737) | $13,871 |
| Cumulative effect of change in accounting principle - Reserve for Credit Losses (a) | (882) | | — | | — | | — | | — | (882) |
| Net income | 3,135 | | — | | — | | — | | — | 3,135 |
| Other comprehensive loss | (158) | | — | | — | | — | | (158) | — |
| Repurchase of common shares | (875) | | — | | (2) | | (105) | | — | (768) |
| Other changes, primarily employee plans | 164 | | — | | — | | 212 | | — | (48) |
| Cash dividends declared preferred Series B, $45,807.57 per share | (34) | | — | | — | | — | | — | (34) |
First 8 of 29 rows. The CSV has all of them.
Table 34 after “The following table identifies our other significant accounting policies, along with the related Note.”
Download CSV
| Significant Accounting Policy | Note Number | Note Title |
| Loans and Card Member Receivables | Note 2 | Loans and Card Member Receivables |
| Reserves for Credit Losses | Note 3 | Reserves for Credit Losses |
| Investment Securities | Note 4 | Investment Securities |
| Asset Securitizations | Note 5 | Asset Securitizations |
| Legal Contingencies | Note 12 | Contingencies and Commitments |
| Derivative Financial Instruments and Hedging Activities | Note 13 | Derivatives and Hedging Activities |
| Fair Value Measurements | Note 14 | Fair Values |
First 8 of 10 rows. The CSV has all of them.
Table 35 after “Card Member and Other loans as of December 31, 2022 and 2021 consisted of:”
Download CSV
| (Millions) | 2022 | 2021 | |
| Consumer (a) | $84,964 | | $70,467 |
| Small Business | 22,947 | | 18,040 |
| Corporate | 53 | | 55 |
| Card Member loans | 107,964 | | 88,562 |
| Less: Reserves for credit losses | 3,747 | | 3,305 |
| Card Member loans, net | $104,217 | | $85,257 |
| Other loans, net (b) | $5,357 | | $2,859 |
Table 36 after “Card Member receivables as of December 31, 2022 and 2021 consisted of:”
Download CSV
| (Millions) | 2022 | 2021 | |
| Consumer | $22,885 | | $22,392 |
| Small Business | 19,629 | | 17,977 |
| Corporate(a) | 15,099 | | 13,276 |
| Card Member receivables | 57,613 | | 53,645 |
| Less: Reserves for credit losses | 229 | | 64 |
| Card Member receivables, net | $57,384 | | $53,581 |
Table 37 after “The following table presents the aging of Card Member loans and receivables as of December 31, 2022 and 2021:”
Download CSV
| 2022 (Millions) | Current | 30-59 Days Past Due | | 60-89 Days Past Due | 90+ Days Past Due | Total | | |
| Card Member Loans: | | | | | | | | |
| Consumer | $84,102 | | $281 | | $198 | | $383 | $84,964 |
| Small Business | 22,731 | | 81 | | 49 | | 86 | 22,947 |
| Corporate (a) | (b) | (b) | | (b) | — | | 53 | |
| Card Member Receivables: | | | | | | | | |
| Consumer | 22,634 | | 83 | | 56 | | 112 | 22,885 |
| Small Business | $19,330 | | $120 | | $69 | | $110 | $19,629 |
First 8 of 9 rows. The CSV has all of them.
Table 38 after “The following table presents the aging of Card Member loans and receivables as of December 31, 2022 and 2021:”
Download CSV
| 2021 (Millions) | Current | 30-59 Days Past Due | | 60-89 Days Past Due | 90+ Days Past Due | Total | | |
| Card Member Loans: | | | | | | | | |
| Consumer | $69,960 | | $158 | | $112 | | $237 | $70,467 |
| Small Business | 17,950 | | 34 | | 19 | | 37 | 18,040 |
| Corporate (a) | (b) | (b) | | (b) | — | | 55 | |
| Card Member Receivables: | | | | | | | | |
| Consumer | 22,279 | | 41 | | 24 | | 48 | 22,392 |
| Small Business | $17,846 | | $59 | | $28 | | $44 | $17,977 |
First 8 of 9 rows. The CSV has all of them.
Table 39 after “The following tables present the key credit quality indicators as of or for the years ended December 31:”
Download CSV
| 2022 | 2021 | | | | | | | | | | |
| Net Write-Off Rate | | | Net Write-Off Rate | | | | | | | | |
| PrincipalOnly (a) | Principal,Interest &Fees (a) | | 30+ Days Past Due as a % of Total | | PrincipalOnly (a) | | Principal,Interest &Fees (a) | | 30+ Days Past Due as a % of Total | | |
| Card Member Loans: | | | | | | | | | | | | |
| Consumer | 0.9% | | 1.2% | | | 1.0% | | | 0.9% | | 1.3% | 0.7% |
| Small Business | 0.7% | | 0.8% | | | 0.9% | | | 0.6% | | 0.8% | 0.5% |
| Card Member Receivables: | | | | | | | | | | | | |
| Consumer | 0.8% | | 0.9% | | | 1.1% | | | 0.3% | | 0.4% | 0.5% |
First 8 of 10 rows. The CSV has all of them.
Table 40 after “The following tables provide additional information with respect to our impaired loans and receivables as of December 31, 2022, 2021 and 202”
Download CSV
| As of December 31, 2022 | | | | | | | | | |
| | | | Accounts Classifiedas a TDR (c) | | | | | | |
| 2022 (Millions) | Over 90 days Past Due & Accruing Interest (a) | Non-Accruals (b) | | In Program (d) | Out of Program(e) | Total Impaired Balance | | Reserve for Credit Losses - TDRs | | |
| Card Member Loans: | | | | | | | | | | |
| Consumer | $252 | | $155 | | $781 | | $1,098 | | $2,286 | $335 |
| Small Business | 54 | | 34 | | 267 | | 380 | | 735 | 108 |
| Corporate | — | | — | | — | | — | | — | — |
| Card Member Receivables: | | | | | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 41 after “The following tables provide additional information with respect to our impaired loans and receivables as of December 31, 2022, 2021 and 202”
Download CSV
| As of December 31, 2021 | | | | | | | | | |
| | | | Accounts Classifiedas a TDR (c) | | | | | | |
| 2021 (Millions) | Over 90 days Past Due & Accruing Interest (a) | Non-Accruals (b) | | In Program (d) | Out of Program(e) | Total Impaired Balance | | Reserve for Credit Losses - TDRs | | |
| Card Member Loans: | | | | | | | | | | |
| Consumer | $149 | | $82 | | $708 | | $997 | | $1,936 | $415 |
| Small Business | 19 | | 14 | | 176 | | 332 | | 541 | 132 |
| Corporate | — | | — | | — | | — | | — | — |
| Card Member Receivables: | | | | | | | | | | |
First 8 of 13 rows. The CSV has all of them.
| As of December 31, 2020 | | | | | | | | | |
| | | | Accounts Classifiedas a TDR (c) | | | | | | |
| 2020 (Millions) | Over 90 days Past Due & Accruing Interest (a) | Non-Accruals (b) | | In Program (d) | Out of Program(e) | Total Impaired Balance | | Reserve for Credit Losses - TDRs | | |
| Card Member Loans: | | | | | | | | | | |
| Consumer | $203 | | $146 | | $1,586 | | $248 | | $2,183 | $782 |
| Small Business | 21 | | 29 | | 478 | | 67 | | 595 | 285 |
| Corporate | — | | — | | — | | — | | — | — |
| Card Member Receivables: | | | | | | | | | | |
First 8 of 13 rows. The CSV has all of them.
Table 43 after “The following tables provide additional information with respect to loans and receivables that were modified as TDRs during the years ended ”
Download CSV
| 2022 | Number of Accounts (thousands) | Account Balances(millions) (a) | | Average Interest Rate Reduction (% points) | Average Payment Term Extensions (# of months) | | |
| Troubled Debt Restructurings: | | | | | | | |
| Card Member Loans | 149 | | $1,002 | | 14 | | (b) |
| Card Member Receivables | 27 | | 900 | | (c) | 20 | |
| Other Loans (d) | 4 | | $8 | | 2 | | 17 |
| Total | 180 | | $1,910 | | | | |
Table 44 after “The following tables provide additional information with respect to loans and receivables that were modified as TDRs during the years ended ”
Download CSV
| 2021 | Number of Accounts (thousands) | Account Balances(millions) (a) | | Average Interest Rate Reduction (% points) | Average Payment Term Extensions (# of months) | | |
| Troubled Debt Restructurings: | | | | | | | |
| Card Member Loans | 112 | | $789 | | 13 | | (b) |
| Card Member Receivables | 21 | | 437 | | (c) | 18 | |
| Other Loans (d) | 4 | | $13 | | 3 | | 16 |
| Total | 137 | | $1,239 | | | | |
Table 45 after “The following tables provide additional information with respect to loans and receivables that were modified as TDRs during the years ended ”
Download CSV
| 2020 | Number of Accounts (thousands) | Account Balances(millions) (a) | | Average Interest Rate Reduction (% points) | Average Payment Term Extensions (# of months) | | |
| Troubled Debt Restructurings: | | | | | | | |
| Card Member Loans | 272 | | $2,347 | | 14 | | (b) |
| Card Member Receivables | 47 | | 1,202 | | (c) | 19 | |
| Other Loans (d) | 9 | | $345 | | 3 | | 16 |
| Total | 328 | | $3,894 | | | | |
Table 46 after “The following tables provide information with respect to loans and receivables modified as TDRs that subsequently defaulted within twelve mo”
Download CSV
| 2022 | Number of Accounts (thousands) | Aggregated Outstanding Balances Upon Default(millions) (a) | |
| Troubled Debt Restructurings That Subsequently Defaulted: | | | |
| Card Member Loans | 14 | | $81 |
| Card Member Receivables | 3 | | 38 |
| Other Loans (b) | 1 | | 1 |
| Total | 18 | | $120 |
Table 47 after “The following tables provide information with respect to loans and receivables modified as TDRs that subsequently defaulted within twelve mo”
Download CSV
| 2021 | Number of Accounts (thousands) | Aggregated Outstanding Balances Upon Default (millions) (a) | |
| Troubled Debt Restructurings That Subsequently Defaulted: | | | |
| Card Member Loans | 24 | | $174 |
| Card Member Receivables | 5 | | 56 |
| Other Loans (b) | 3 | | 9 |
| Total | 32 | | $239 |
Table 48 after “The following tables provide information with respect to loans and receivables modified as TDRs that subsequently defaulted within twelve mo”
Download CSV
| 2020 | Number of Accounts (thousands) | Aggregated Outstanding Balances Upon Default (millions) (a) | |
| Troubled Debt Restructurings That Subsequently Defaulted: | | | |
| Card Member Loans | 17 | | $127 |
| Card Member Receivables | 3 | | 55 |
| Other Loans (b) | 3 | | 6 |
| Total | 23 | | $188 |
Table 49 after “The following table reflects the range of macroeconomic scenario key variables used, in conjunction with other inputs, to calculate reserves”
Download CSV
| U.S. Unemployment Rate | U.S. GDP Growth (Contraction) (a) | | | | | | |
| December 31, 2022 | | December 31, 2021 | | December 31, 2022 | | December 31, 2021 | |
| Fourth quarter of 2022 | 4% | | | 4% - 9% | | (0.1)% | | 2% -1% |
| First quarter of 2023 | 3% - 6% | | | 3% - 9% | | 5% - (1)% | | 3% - 1% |
| Fourth quarter of 2023 | 3% - 8% | | | 3% - 7% | | 6% - 0.2% | | 4% - 3% |
| Fourth quarter of 2024 | 3% - 7% | | | 4% - 6% | | 3% - 2% | | 3% |
Table 50 after “The following table presents changes in the Card Member loans reserve for credit losses for the years ended December 31:”
Download CSV
| (Millions) | 2022 | 2021 | | 2020 | |
| Beginning Balance | $3,305 | | $5,344 | | $4,027 |
| Provisions(a) | 1,514 | | (1,155) | | 3,453 |
| Net write-offs (b) | | | | | |
| Principal | (837) | | (672) | | (1,795) |
| Interest and fees | (229) | | (207) | | (375) |
| Other(c) | (6) | | (5) | | 34 |
| Ending Balance | $3,747 | | $3,305 | | $5,344 |
Table 51 after “The following table presents changes in the Card Member receivables reserve for credit losses for the years ended December 31:”
Download CSV
| (Millions) | 2022 | 2021 | | 2020 | |
| Beginning Balance | $64 | | $267 | | $126 |
| Provisions (a) | 627 | | (73) | | 1,015 |
| Net write-offs (b) | (462) | | (129) | | (881) |
| Other (c) | — | | (1) | | 7 |
| Ending Balance | $229 | | $64 | | $267 |
Table 52 after “The following is a summary of investment securities as of December 31:”
Download CSV
| 2022 | 2021 | | | | | | | | | | | |
| Description of Securities (Millions) | Cost | Gross Unrealized Gains | | Gross Unrealized Losses | Estimated Fair Value | Cost | | Gross Unrealized Gains | Gross Unrealized Losses | Estimated Fair Value | | | |
| Available-for-sale debt securities: | | | | | | | | | | | | | |
| State and municipal obligations | $64 | | $— | | $(10) | | $54 | | $106 | | $5 | $— | $111 |
| U.S. Government agency obligations | 5 | | — | | — | | 5 | | 6 | | — | — | 6 |
| U.S. Government treasury obligations | 3,859 | | — | | (73) | | 3,786 | | 1,680 | | 25 | (1) | 1,704 |
| Mortgage-backed securities (a) | 13 | | — | | — | | 13 | | 17 | | 1 | — | 18 |
| Foreign government bonds and obligations | 633 | | — | | (1) | | 632 | | 630 | | — | — | 630 |
First 8 of 11 rows. The CSV has all of them.
Table 53 after “The following table provides information about our available-for-sale debt securities with gross unrealized losses and the length of time th”
Download CSV
| 2022 | 2021 | | | | | | | | | | | |
| Less than 12 months | 12 months or more | | Less than 12 months | 12 months or more | | | | | | | | |
| Description of Securities (Millions) | Estimated Fair Value | Gross Unrealized Losses | | Estimated Fair Value | Gross Unrealized Losses | Estimated Fair Value | | Gross Unrealized Losses | Estimated Fair Value | Gross Unrealized Losses | | | |
| State and municipal obligations | $52 | | $(10) | | $— | | $— | | $— | | $— | $— | $— |
| U.S. Government treasury obligations | 3,710 | | (72) | | 52 | | (1) | | 477 | | (1) | — | — |
| Foreign government bonds and obligations | 549 | | (1) | | — | | — | | — | | — | — | — |
| Total | $4,311 | | $(83) | | $52 | | $(1) | | $477 | | $(1) | $— | $— |
Table 54 after “The following table summarizes the gross unrealized losses for available-for-sale debt securities by ratio of fair value to amortized cost a”
Download CSV
| Less than 12 months | 12 months or more | Total | | | | | | | | | | |
| Ratio of Fair Value toAmortized Cost (Dollars in millions) | Number of Securities | Estimated Fair Value | Gross Unrealized Losses | | Number of Securities | Estimated Fair Value | Gross Unrealized Losses | Number of Securities | | Estimated Fair Value | Gross Unrealized Losses | | |
| 2022: | | | | | | | | | | | | | |
| 90%–100% | 74 | $4,287 | | $(74) | | 3 | $52 | | $(1) | | 77 | $4,339 | $(75) |
| Less than 90% | 14 | 24 | | (9) | | — | — | | — | | 14 | 24 | (9) |
| Total as of December 31, 2022 | 88 | $4,311 | | $(83) | | 3 | $52 | | $(1) | | 91 | $4,363 | $(84) |
| 2021: | | | | | | | | | | | | | |
| 90%–100% | 5 | $477 | | $(1) | | — | $— | | $— | | 5 | $477 | $(1) |
First 8 of 10 rows. The CSV has all of them.
Table 55 after “Weighted average yields and contractual maturities for available-for-sale debt securities with stated maturities as of December 31, 2022 wer”
Download CSV
| (Millions) | Due within 1 year | Due after 1 year but within 5 years | | Due after 5 years but within 10 years | Due after 10 years | Total | | |
| State and municipal obligations (a) | $— | | $— | | $21 | | $33 | $54 |
| U.S. Government agency obligations (a) | — | | — | | 1 | | 4 | 5 |
| U.S. Government treasury obligations | 2,668 | | 1,109 | | 9 | | — | 3,786 |
| Mortgage-backed securities (a)(b) | — | | — | | — | | 13 | 13 |
| Foreign government bonds and obligations | 631 | | 1 | | — | | — | 632 |
| Other (c) | — | | 42 | | 5 | | — | 47 |
| Total Estimated Fair Value | $3,299 | | $1,152 | | $36 | | $50 | $4,537 |
First 8 of 10 rows. The CSV has all of them.
Table 56 after “The following is a summary of Other assets as of December 31:”
Download CSV
| (Millions) | 2022 | 2021 | |
| Goodwill | $3,786 | | $3,804 |
| Other intangible assets, at amortized cost | 146 | | 201 |
| Other (a) | 13,757 | | 13,239 |
| Total | $17,689 | | $17,244 |
Table 57 after “The changes in the carrying amount of goodwill reported in our reportable operating segments were as follows:”
Download CSV
| (Millions) | USCS | CS | | ICS | GMNS | Total | | |
| Balance as of December 31, 2020 | $369 | | $2,124 | | $799 | | $560 | $3,852 |
| Acquisitions | — | | — | | — | | — | — |
| Dispositions | — | | — | | (3) | | — | (3) |
| Other (a) | (1) | | (1) | | (43) | | — | (45) |
| Balance as of December 31, 2021 | $368 | | $2,123 | | $753 | | $560 | $3,804 |
| Acquisitions | 13 | | — | | — | | — | 13 |
| Dispositions | — | | — | | — | | — | — |
First 8 of 10 rows. The CSV has all of them.
Table 58 after “As of December 31, customer deposits were categorized as interest-bearing or non-interest-bearing as follows:”
Download CSV
| (Millions) | 2022 | 2021 | |
| U.S.: | | | |
| Interest-bearing | $109,119 | | $83,304 |
| Non-interest-bearing (includes Card Member credit balances of: 2022, $605; 2021, $527) | 663 | | 553 |
| Non-U.S.: | | | |
| Interest-bearing | 15 | | 18 |
| Non-interest-bearing (includes Card Member credit balances of: 2022, $439; 2021, $503) | 442 | | 507 |
| Total customer deposits | $110,239 | | $84,382 |
Table 59 after “Customer deposits by deposit type as of December 31 were as follows:”
Download CSV
| (Millions) | 2022 | 2021 | |
| Savings and transaction accounts | $76,731 | | $66,142 |
| Certificates of deposit: | | | |
| Direct | 2,765 | | 1,415 |
| Third-party (brokered) | 13,331 | | 3,095 |
| Sweep accounts ―Third-party (brokered) | 16,297 | | 12,658 |
| Other deposits | 71 | | 42 |
| Card Member credit balances | 1,044 | | 1,030 |
First 8 of 9 rows. The CSV has all of them.
Table 60 after “The scheduled maturities of certificates of deposit as of December 31, 2022 were as follows:”
Download CSV
| (Millions) | 2023 | 2024 | | 2025 | 2026 | 2027 | | After 5 years | Total | | |
| Certificates of deposit | $5,790 | | $6,554 | | $2,939 | | $27 | | $786 | $— | $16,096 |
Table 61 after “As of December 31, certificates of deposit in denominations of $250,000 or more, in the aggregate, were as follows:”
Download CSV
| (Millions) | 2022 | 2021 | |
| U.S. | $998 | | $521 |
| Non-U.S. | 1 | | 1 |
| Total | $999 | | $522 |
Table 62 after “Our short-term borrowings outstanding, defined as borrowings with original contractual maturity dates of less than one year, as of December ”
Download CSV
| 2022 | 2021 | | | | |
| (Millions, except percentages) | Outstanding Balance | Year-End Stated Interest Rate on Debt (a) | | Outstanding Balance | Year-End Stated Interest Rate on Debt (a) | |
| Short-term borrowings (b) | $1,348 | | 0.94% | | $2,243 | 0.58% |
| Total | $1,348 | | 0.94% | | $2,243 | 0.58% |
Table 63 after “Our long-term debt outstanding, defined as debt with original contractual maturity dates of one year or greater, as of December 31 was as fo”
Download CSV
| 2022 | 2021 | | | | | | | | | | | |
| (Millions, except percentages) | Original Contractual Maturity Dates | Outstanding Balance(a) | Year-End Interest Rate on Debt(b) | | Year-End Interest Rate with Swaps(b)(c) | Outstanding Balance(a) | | Year-End Interest Rate on Debt(b) | | Year-End Interest Rate with Swaps(b)(c) | | | |
| American Express Company (Parent Company only) | | | | | | | | | | | | | |
| Fixed Rate Senior Notes | 2023 - 2042 | $23,813 | | 3.34% | | 4.00% | | | $18,324 | | | 3.02% | 2.03% |
| Floating Rate Senior Notes | 2023 - 2026 | 3,000 | | 4.78 | | — | | | 3,300 | | | 0.69 | — |
| Fixed-to-Floating Rate Senior Notes | 2033 | 1,250 | | 4.42 | | — | | | — | | | — | — |
| Fixed Rate Subordinated Notes | 2024 | 574 | | 3.63 | | 5.46 | | | 599 | | | 3.63 | 1.38 |
| Fixed-to-Floating Rate Subordinated Notes | 2033 | 750 | | 4.99 | | — | | | — | | | — | — |
First 8 of 23 rows. The CSV has all of them.
Table 64 after “Aggregate annual maturities on long-term debt obligations (based on contractual maturity or anticipated redemption dates) as of December 31,”
Download CSV
| (Millions) | 2023 | 2024 | | 2025 | 2026 | 2027 | | Thereafter | Total | | |
| American Express Company (Parent Company only) | $5,750 | | $7,500 | | $5,250 | | $2,450 | | $4,911 | $4,273 | $30,134 |
| American Express Credit Corporation | — | | — | | — | | — | | 339 | — | 339 |
| Lending Trust | 2,685 | | 2,750 | | 7,250 | | — | | — | — | 12,685 |
| Other | 76 | | 114 | | 67 | | — | | — | — | 257 |
| $8,511 | | $10,364 | | $12,567 | | $2,450 | | $5,250 | $4,273 | $43,415 |
| Unamortized Underwriting Fees | | | | | | | | | (84) | | |
| Unamortized Discount and Premium | | | | | | | | | (522) | | |
First 8 of 10 rows. The CSV has all of them.
Table 65 after “The following is a summary of Other liabilities as of December 31:”
Download CSV
| (Millions) | 2022 | 2021 | |
| Membership Rewards liability | $12,789 | | $11,398 |
| Deferred card and other fees, net | 3,027 | | 2,516 |
| Employee-related liabilities (a) | 2,530 | | 2,528 |
| Card Member rebate and reward accruals (b) | 2,126 | | 1,809 |
| Income tax liability (c) | 1,651 | | 1,576 |
| Other (d) | 15,227 | | 10,670 |
| Total | $37,350 | | $30,497 |
Table 66 after “The carrying amount of deferred card and other fees, net of deferred direct acquisition costs and reserves for membership cancellations, as ”
Download CSV
| (Millions) | 2022 | 2021 | |
| Deferred card and other fees (a) | $3,380 | | $2,838 |
| Deferred direct acquisition costs | (173) | | (169) |
| Reserves for membership cancellations | (180) | | (153) |
| Deferred card and other fees, net | $3,027 | | $2,516 |
Table 67 after “A summary of stock option and RSU activity as of December 31, 2022, and corresponding changes during the year, are as follows:”
Download CSV
| Stock Options | Service-Based RSUs | | Service and Performance-Based RSUs | | | | | | |
| (Shares in thousands) | Shares | Weighted-Average Exercise Price | | Shares | Weighted- Average Grant Price | Shares | | Weighted- Average Grant Price | | |
| Outstanding as of December 31, 2021 | 3,104 | | $93.33 | | 1,875 | | $117.36 | | 3,741 | $114.22 |
| Granted | 1,168 | | 154.57 | | 798 | | 174.48 | | 1,064 | 163.60 |
| Options exercised/RSUs vested | (638) | | 88.81 | | (751) | | 113.19 | | (1,097) | 89.58 |
| Forfeited | — | | — | | (134) | | 139.77 | | (236) | 137.42 |
| Expired | — | | — | | — | | — | | — | — |
| Outstanding as of December 31, 2022 | 3,634 | | 113.80 | | 1,788 | | $142.92 | | 3,472 | $135.57 |
First 8 of 10 rows. The CSV has all of them.
Table 68 after “The fair value of options without market conditions is estimated on the date of grant using a Black-Scholes-Merton option-pricing model. The”
Download CSV
| 2022 | 2021 | | 2020 | |
| Dividend yield | 1.0% | | 1.5% | | 1.4% |
| Expected volatility(a) | 31% | | 31% | | 20% |
| Risk-free interest rate | 1.7% | | 0.8% | | 1.6% |
| Expected life of stock option (in years)(b) | 7.1 | 7.2 | | 7.1 | |
| Weighted-average fair value per option | $55.30 | | $32.38 | | $25.83 |
Table 69 after “The weighted-average remaining contractual life and the aggregate intrinsic value (the amount by which the fair value of our stock price exc”
Download CSV
| Outstanding | Exercisable | | Vested and Expected to Vest | |
| Weighted-average remaining contractual life (in years) | 5.6 | 3.6 | | 5.6 | |
| Aggregate intrinsic value (millions) | $131 | | $114 | | $131 |
Table 70 after “The fair value of RSUs that do not include the r-TSR modifier, including those that contain only service conditions, is measured using our s”
Download CSV
| 2022 | 2021 | | 2020 | |
| Expected volatility(a) | 42% | | 41% | | 19% |
| Risk-free interest rate | 1.4% | | 0.2% | | 1.4% |
| Remaining performance period (in years) | 2.9 | 2.9 | | 2.9 | |
Table 71 after “The following represents the maturities of our outstanding lease commitments as of December 31, 2022:”
Download CSV
| (Millions) | |
| 2023 | $157 |
| 2024 | 144 |
| 2025 | 121 |
| 2026 | 105 |
| 2027 | 93 |
| Thereafter | 892 |
| Total Outstanding Fixed Lease Payments | $1,512 |
First 8 of 10 rows. The CSV has all of them.
Table 72 after “The following table summarizes the total fair value, excluding interest accruals, of derivative assets and liabilities as of December 31:”
Download CSV
| Other Assets Fair Value | Other Liabilities Fair Value | | | | |
| (Millions) | 2022 | 2021 | | 2022 | 2021 | |
| Derivatives designated as hedging instruments: | | | | | | |
| Fair value hedges - Interest rate contracts (a) | $— | | $204 | | $211 | $— |
| Net investment hedges - Foreign exchange contracts | 350 | | 219 | | 251 | 54 |
| Total derivatives designated as hedging instruments | 350 | | 423 | | 462 | 54 |
| Derivatives not designated as hedging instruments: | | | | | | |
| Foreign exchange contracts and other | 171 | | 167 | | 339 | 85 |
First 8 of 12 rows. The CSV has all of them.
Table 73 after “The following table presents the gains and losses recognized in Interest expense on the Consolidated Statements of Income associated with th”
Download CSV
| Gains (losses) | | | | |
| (Millions) | 2022 | 2021 | | 2020 | |
| Fixed-rate long-term debt | $473 | | $385 | | $(405) |
| Derivatives designated as hedging instruments | (476) | | (385) | | 409 |
| Total | $(3) | | $— | | $4 |
Table 74 after “The following table summarizes our financial assets and financial liabilities measured at fair value on a recurring basis, categorized by GA”
Download CSV
| 2022 | 2021 | | | | | | | | | | | |
| (Millions) | Total | Level 1 | | Level 2 | Level 3 | Total | | Level 1 | Level 2 | Level 3 | | | |
| Assets: | | | | | | | | | | | | | |
| Investment securities: (a) | | | | | | | | | | | | | |
| Equity securities | $41 | | $40 | | $1 | | $— | | $79 | | $78 | $1 | $— |
| Debt securities | 4,537 | | — | | 4,490 | | 47 | | 2,512 | | — | 2,480 | 32 |
| Derivatives, gross (a)(b) | 521 | | — | | 494 | | 27 | | 590 | | — | 590 | — |
| Total Assets | 5,099 | | 40 | | 4,985 | | 74 | | 3,181 | | 78 | 3,071 | 32 |
First 8 of 11 rows. The CSV has all of them.
Table 75 after “The following table summarizes the estimated fair values of our financial assets and financial liabilities that are measured at amortized co”
Download CSV
| 2022 (Billions) | Carrying Value | Corresponding Fair Value Amount | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | | |
| Financial Assets: | | | | | | | |
| Financial assets for which carrying values equal or approximate fair value | | | | | | | |
| Cash and cash equivalents(a) | $34 | | $34 | | $32 | $2 | $— |
| Other financial assets(b) | 60 | | 60 | | — | 60 | — |
| Financial assets carried at other than fair value | | | | | | | |
| Card Member and Other loans, less reserves(c) | 110 | | 113 | | — | — | 113 |
First 8 of 13 rows. The CSV has all of them.
Table 76 after “The following table summarizes the estimated fair values of our financial assets and financial liabilities that are measured at amortized co”
Download CSV
| 2021 (Billions) | Carrying Value | Corresponding Fair Value Amount | | | | | |
| Total | Level 1 | | Level 2 | Level 3 | | |
| Financial Assets: | | | | | | | |
| Financial assets for which carrying values equal or approximate fair value | | | | | | | |
| Cash and cash equivalents(a) | $22 | | $22 | | $20 | $2 | $— |
| Other financial assets(b) | 56 | | 56 | | — | 56 | — |
| Financial assets carried at other than fair value | | | | | | | |
| Card Member and Other loans, less reserves(c) | 88 | | 91 | | — | — | 91 |
First 8 of 13 rows. The CSV has all of them.
Table 77 after “The following table shows authorized shares and provides a reconciliation of common shares issued and outstanding for the years ended Decemb”
Download CSV
| (Millions, except where indicated) | 2022 | 2021 | | 2020 | |
| Common shares authorized (billions) (a) | 3.6 | | 3.6 | | 3.6 |
| Shares issued and outstanding at beginning of year | 761 | | 805 | | 810 |
| Repurchases of common shares | (20) | | (46) | | (7) |
| Other, primarily stock option exercises and restricted stock awards granted | 2 | | 2 | | 2 |
| Shares issued and outstanding as of December 31 | 743 | | 761 | | 805 |
Table 78 after “We have the following perpetual Fixed Rate Reset Noncumulative Preferred Share series issued and outstanding as of December 31, 2022:”
Download CSV
| Series D |
| Issuance date | August 3, 2021 |
| Securities issued | 1,600 Preferred shares; represented by 1,600,000 depositary shares |
| Dividend rate per annum | 3.55% through September 14, 2026; resets September 15, 2026 and every subsequent 5-year anniversary at 5-year Treasury rate plus 2.854% |
| Dividend payment date | Quarterly beginning September 15, 2021 |
| Earliest redemption date | September 15, 2026 |
| Aggregate liquidation preference | $1,600 million |
| Carrying value (a) | $1,584 million |
Table 79 after “Changes in each component for the three years ended December 31 were as follows:”
Download CSV
| (Millions), net of tax | Net Unrealized Gains (Losses) on Debt Securities | Foreign Currency Translation Adjustment Gains (Losses), Net of Hedges (a) | | Net Unrealized Pension and Other Postretirement Benefit Gains (Losses) | Accumulated Other Comprehensive Income (Loss) | |
| Balances as of December 31, 2019 | $33 | | $(2,189) | | $(581) | $(2,737) |
| Net change | 32 | | (40) | | (150) | (158) |
| Balances as of December 31, 2020 | 65 | | (2,229) | | (731) | (2,895) |
| Net change | (42) | | (163) | | 155 | (50) |
| Balances as of December 31, 2021 | 23 | | (2,392) | | (576) | (2,945) |
| Net change | (87) | | (230) | | 52 | (265) |
| Balances as of December 31, 2022 | $(64) | | $(2,622) | | $(524) | $(3,210) |
Table 80 after “The following table shows the tax impact for the years ended December 31 for the changes in each component of AOCI presented above:”
Download CSV
| Tax expense (benefit) | | | | |
| (Millions) | 2022 | 2021 | | 2020 | |
| Net unrealized (losses) gains on debt securities | $(27) | | $(13) | | $9 |
| Foreign currency translation adjustment, net of hedges | 75 | | 51 | | (62) |
| Pension and other postretirement benefits | 27 | | 52 | | (28) |
| Total tax impact | $75 | | $90 | | $(81) |
Table 81 after “The following is a detail of Service fees and other revenue for the years ended December 31:”
Download CSV
| (Millions) | 2022 | 2021 | | 2020 | |
| Service fees | $1,444 | | $1,385 | | $1,280 |
| Foreign currency-related revenue | 1,202 | | 624 | | 517 |
| Delinquency fees | 809 | | 637 | | 772 |
| Travel commissions and fees | 507 | | 244 | | 102 |
| Other fees and revenues | 559 | | 426 | | 31 |
| Total Service fees and other revenue | $4,521 | | $3,316 | | $2,702 |
Table 82 after “The following is a detail of Other expenses for the years ended December 31:”
Download CSV
| (Millions) | 2022 | 2021 | | 2020 | |
| Data processing and equipment | $2,606 | | $2,431 | | $2,334 |
| Professional services | 2,074 | | 1,958 | | 1,789 |
| Net unrealized and realized losses (gains) on Amex Ventures investments | 302 | | (767) | | (152) |
| Other | 1,499 | | 1,195 | | 1,354 |
| Total Other expenses | $6,481 | | $4,817 | | $5,325 |
Table 83 after “The components of income tax expense for the years ended December 31 included in the Consolidated Statements of Income were as follows:”
Download CSV
| (Millions) | 2022 | 2021 | | 2020 | |
| Current income tax expense: | | | | | |
| U.S. federal | $2,445 | | $1,656 | | $1,122 |
| U.S. state and local | 339 | | 351 | | 339 |
| Non-U.S. | 476 | | 328 | | 639 |
| Total current income tax expense | 3,260 | | 2,335 | | 2,100 |
| Deferred income tax (benefit) expense: | | | | | |
| U.S. federal | (763) | | 231 | | (931) |
First 8 of 12 rows. The CSV has all of them.
Table 84 after “percent as of December 31, 2022, 2021 and 2020, to our actual income tax rate was as follows:”
Download CSV
| 2022 | 2021 | | 2020 | |
| U.S. statutory federal income tax rate | 21.0% | | 21.0% | | 21.0% |
| (Decrease) increase in taxes resulting from: | | | | | |
| Tax credits and tax-exempt income (a) | (0.9) | | (0.1) | | (4.1) |
| State and local income taxes, net of federal benefit | 3.1 | | 3.0 | | 3.7 |
| Non-U.S. subsidiaries' earnings | (0.1) | | 1.1 | | 2.4 |
| Tax settlements and lapse of statute of limitations | (2.1) | | (0.3) | | (1.6) |
| Valuation allowances | (0.1) | | — | | 4.0 |
First 8 of 10 rows. The CSV has all of them.
Table 85 after “The significant components of deferred tax assets and liabilities as of December 31 are reflected in the following table:”
Download CSV
| (Millions) | 2022 | 2021 | |
| Deferred tax assets: | | | |
| Reserves not yet deducted for tax purposes | $4,052 | | $3,637 |
| Employee compensation and benefits | 353 | | 359 |
| Net operating loss and tax credit carryforwards | 411 | | 398 |
| Other | 776 | | 809 |
| Gross deferred tax assets | 5,592 | | 5,203 |
| Valuation allowance | (537) | | (472) |
First 8 of 17 rows. The CSV has all of them.
Table 86 after “The following table presents changes in unrecognized tax benefits:”
Download CSV
| (Millions) | 2022 | 2021 | | 2020 | |
| Balance, January 1 | $1,024 | | $790 | | $726 |
| Increases: | | | | | |
| Current year tax positions | 119 | | 64 | | 57 |
| Tax positions related to prior years | 30 | | 225 | | 105 |
| Effects of foreign currency translations | — | | — | | — |
| Decreases: | | | | | |
| Tax positions related to prior years | (30) | | (14) | | (24) |
First 8 of 12 rows. The CSV has all of them.
Table 87 after “The computations of basic and diluted EPS for the years ended December 31 were as follows:”
Download CSV
| (Millions, except per share amounts) | 2022 | 2021 | | 2020 | |
| Numerator: | | | | | |
| Basic and diluted: | | | | | |
| Net income | $7,514 | | $8,060 | | $3,135 |
| Preferred dividends | (57) | | (71) | | (79) |
| Equity-related adjustments (a) | — | | (16) | | — |
| Net income available to common shareholders | 7,457 | | 7,973 | | 3,056 |
| Earnings allocated to participating share awards (b) | (57) | | (56) | | (20) |
First 8 of 15 rows. The CSV has all of them.
Table 88 after “The following table presents the regulatory capital ratios:”
Download CSV
| (Millions, except percentages) | CET 1 capital | Tier 1 capital | | Total capital | CET 1 capital ratio | Tier 1 capital ratio | | Total capital ratio | | Tier 1 leverage ratio | | | |
| December 31, 2022: (a) | | | | | | | | | | | | | |
| American Express Company | $20,030 | | $21,627 | | $24,926 | | 10.3% | | | 11.1% | | 12.8% | 9.9% |
| American Express National Bank | $14,820 | | $14,820 | | $17,273 | | 11.3% | | | 11.3% | | 13.2% | 9.7% |
| December 31, 2021: (a) | | | | | | | | | | | | | |
| American Express Company | $17,554 | | $19,186 | | $21,506 | | 10.5% | | | 11.5% | | 12.9% | 10.5% |
| American Express National Bank | $13,085 | | $13,085 | | $15,283 | | 11.8% | | | 11.8% | | 13.7% | 10.5% |
| Well-capitalized ratios (b) | | | | | | | | | | | | | |
First 8 of 14 rows. The CSV has all of them.
Table 89 after “The following table details our maximum credit exposure of the on-balance sheet assets by category as of December 31:”
Download CSV
| (Billions) | 2022 | 2021 | |
| Individuals: (a) | $156 | | $131 |
| United States | 129 | | 108 |
| Outside the United States (b) | 27 | | 23 |
| Institutions: | | | |
| Financial services (c) | 36 | | 24 |
| Other (d) | 17 | | 15 |
| U.S. Government and agencies (e) | 4 | | 2 |
First 8 of 9 rows. The CSV has all of them.
Table 90 after “The following table presents certain selected financial information for our reportable operating segments and Corporate & Other as of or for”
Download CSV
| (Millions, except where indicated) | USCS | CS | | ICS | GMNS | Corporate & Other (a) | | Consolidated | | |
| 2022 | | | | | | | | | | |
| Total non-interest revenues | $16,440 | | $12,196 | | $8,262 | | $6,123 | | $(54) | $42,967 |
| Revenue from contracts with customers (b) | 12,478 | | 10,844 | | 5,301 | | 5,603 | | (7) | 34,219 |
| Interest income | 8,457 | | 2,070 | | 1,453 | | 23 | | 655 | 12,658 |
| Interest expense | 983 | | 697 | | 654 | | (329) | | 758 | 2,763 |
| Total revenues net of interest expense | 23,914 | | 13,569 | | 9,061 | | 6,475 | | (157) | 52,862 |
| Pretax income (loss) | 5,400 | | 2,880 | | 578 | | 2,954 | | (2,227) | 9,585 |
First 8 of 25 rows. The CSV has all of them.
Table 91 after “Effective for the first quarter of 2022, we changed the way in which we allocate certain overhead expenses by geographic region. As a result”
Download CSV
| (Millions) | United States | EMEA(a) | | APAC(a) | LACC(a) | Other Unallocated(b) | | Consolidated | | |
| 2022 | | | | | | | | | | |
| Total revenues net of interest expense | $41,396 | | $4,871 | | $3,835 | | $2,917 | | $(157) | $52,862 |
| Pretax income (loss) from continuing operations | 10,383 | | 550 | | 376 | | 500 | | (2,224) | 9,585 |
| 2021 | | | | | | | | | | |
| Total revenues net of interest expense | $33,103 | | $3,643 | | $3,418 | | $2,238 | | $(22) | $42,380 |
| Pretax income (loss) from continuing operations | 10,325 | | 460 | | 420 | | 494 | | (1,010) | 10,689 |
| 2020 | | | | | | | | | | |
First 8 of 10 rows. The CSV has all of them.
Table 92 after “PARENT COMPANY – CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME”
Download CSV
| Years Ended December 31 (Millions) | 2022 | 2021 | | 2020 | |
| Revenues | | | | | |
| Non-interest revenues | | | | | |
| Other | $388 | | $343 | | $480 |
| Total non-interest revenues | 388 | | 343 | | 480 |
| Interest income | 614 | | 96 | | 228 |
| Interest expense | 857 | | 482 | | 630 |
| Total revenues net of interest expense | 145 | | (43) | | 78 |
First 8 of 20 rows. The CSV has all of them.
Table 93 after “PARENT COMPANY – CONDENSED BALANCE SHEETS”
Download CSV
| As of December 31 (Millions) | 2022 | 2021 | |
| Assets | | | |
| Cash and cash equivalents | $8,188 | | $5,341 |
| Equity in net assets of subsidiaries and affiliates | 24,702 | | 22,623 |
| Loans to subsidiaries and affiliates | 22,658 | | 17,848 |
| Due from subsidiaries and affiliates | 1,342 | | 1,207 |
| Other assets | 156 | | 158 |
| Total assets | 57,046 | | 47,177 |
First 8 of 18 rows. The CSV has all of them.
Table 94 after “PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS”
Download CSV
| Years Ended December 31 (Millions) | 2022 | 2021 | | 2020 | |
| Cash Flows from Operating Activities | | | | | |
| Net income | $7,514 | | $8,060 | | $3,135 |
| Adjustments to reconcile net income to cash provided by operating activities: | | | | | |
| Equity in net income of subsidiaries and affiliates | (7,905) | | (8,560) | | (3,716) |
| Dividends received from subsidiaries and affiliates | 5,549 | | 9,102 | | 2,679 |
| Other operating activities, primarily with subsidiaries and affiliates | 160 | | (305) | | 732 |
| Net cash provided by operating activities | 5,318 | | 8,297 | | 2,830 |
First 8 of 26 rows. The CSV has all of them.
Table 95 after “PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS”
Download CSV
| Supplemental cash flow information | | | | | |
| Years Ended December 31 (Millions) | 2022 | 2021 | | 2020 | |
| Non-Cash Investing Activities | | | | | |
| Loans to subsidiaries and affiliates | $— | | $(1,787) | | $(4,971) |
| Non-Cash Financing Activities | | | | | |
| Short-term debts from subsidiaries and affiliates | — | | — | | 4,971 |
| Proceeds from long-term debt | $— | | $1,787 | | $— |
| 3.1 | Company's Amended and Restated Certificate of Incorporation, as amended through April 20, 2022 (incorporated by reference to Exhibit 3.1 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended March 31, 2022). |
| 3.2 | Company's By-Laws, as amended through October 19, 2022 (incorporated by reference to Exhibit 3.1 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended September 30, 2022). |
| 4.1 | The instruments defining the rights of holders of long-term debt securities of the Company and its subsidiaries are omitted pursuant to Section (b)(4)(iii)(A) of Item 601 of Regulation S-K. The Company hereby agrees to furnish copies of these instruments to the SEC upon request. |
| 4.2 | Description of American Express Company’s securities registered pursuant to Section 12 of the Securities Exchange Act of 1934, as amended (incorporated by reference to Exhibit 4.2 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2020). |
| * | 10.1 | American Express Company Deferred Compensation Plan for Directors and Advisors, as amended and restated effective January 1, 2023. |
| 10.2 | American Express Company 2007 Pay-for-Performance Deferral Program Document (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K (Commission File No. 1-7657), dated November 20, 2006 (filed November 22, 2006)). |
| 10.3 | Description of amendments to 1994–2006 Pay-for-Performance Deferral Programs (incorporated by reference to Exhibit 10.13 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2006). |
| 10.4 | American Express Company 2006 Pay-for-Performance Deferral Program Guide (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K (Commission File No. 1-7657), dated November 21, 2005 (filed November 23, 2005)). |
First 8 of 15 rows. The CSV has all of them.
| 10.12 | Amendment to American Express Company Key Executive Life Insurance Plan, effective as of January 22, 2007 (incorporated by reference to Exhibit 10.22 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2006). |
| 10.13 | Amendment to American Express Company Key Executive Life Insurance Plan, effective as of January 1, 2011 (incorporated by reference to Exhibit 10.24 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2010). |
| 10.14 | American Express Key Employee Charitable Award Program for Education (incorporated by reference to Exhibit 10.13 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 1990). |
| 10.15 | American Express Directors' Charitable Award Program (incorporated by reference to Exhibit 10.14 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 1990). |
| 10.16 | American Express Company Salary/Bonus Deferral Plan (incorporated by reference to Exhibit 10.20 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 1988). |
| 10.17 | Amendment to American Express Company Salary/Bonus Deferral Plan (incorporated by reference to Exhibit 10.4 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended September 30, 1994). |
| 10.18 | American Express Senior Executive Severance Plan, as amended and restated effective May 1, 2018 (incorporated by reference to Exhibit 10.1 of the Company's Quarterly Report on Form 10-Q (Commission File No. 1-7657) for the quarter ended June 30, 2018). |
| 10.19 | Amendments of (i) the American Express Salary/Bonus Deferral Plan and (ii) the American Express Key Executive Life Insurance Plan (incorporated by reference to Exhibit 10.37 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 1997). |
First 8 of 15 rows. The CSV has all of them.
| 10.27 | Form of nonqualified stock option award agreement for executive officers under the American Express Company 2016 Incentive Compensation Plan (for awards made after May 2, 2016) (incorporated by reference to Exhibit 10.41 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2016). |
| 10.28 | Form of restricted stock unit award agreement for executive officers under the American Express Company 2016 Incentive Compensation Plan (for awards made after May 2, 2016) (incorporated by reference to Exhibit 10.42 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2016). |
| 10.29 | Form of award agreement for executive officers in connection with Performance Grant awards (a/k/a Executive Annual Incentive Awards) under the American Express Company 2016 Incentive Compensation Plan (for awards made after May 2, 2016) (incorporated by reference to Exhibit 10.43 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2016). |
| 10.30 | Amendment to the Form of nonqualified stock option award agreement and Form of restricted stock unit award for executive officers under the American Express Company 2016 Incentive Compensation Plan (for awards made on or after January 29, 2020) (incorporated by reference to Exhibit 10.41 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2019). |
| * | 10.31 | Amendment to the Form of restricted stock unit award agreement and Form of nonqualified stock option award agreement for executive officers under the American Express Company 2016 Incentive Compensation Plan (for awards made on or after February 1, 2023). |
| 10.32 | Form of notice agreement in connection with Annual Incentive Awards under the American Express Company 2016 Incentive Compensation Plan (incorporated by reference to Exhibit 10.42 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2019). |
| 10.33 | Restated Letter Agreement, dated May 6, 2019, between American Express Company and Berkshire Hathaway Inc., on behalf of itself and its subsidiaries (incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K (Commission File No. 1-7657), dated May 6, 2019 (filed May 6, 2019)). |
| 10.34 | Time Sharing Agreement, dated February 13, 2018, by and between American Express Travel Related Services Company, Inc. and Stephen J. Squeri (incorporated by reference to Exhibit 10.48 of the Company's Annual Report on Form 10-K (Commission File No. 1-7657) for the year ended December 31, 2017). |
First 8 of 14 rows. The CSV has all of them.
| * | 23 | Consent of PricewaterhouseCoopers LLP. |
| * | 31.1 | Certification of Stephen J. Squeri, Chief Executive Officer, pursuant to Rule 13a-14(a) promulgated under the Securities Exchange Act of 1934, as amended. |
| * | 31.2 | Certification of Jeffrey C. Campbell, Chief Financial Officer, pursuant to Rule 13a-14(a) promulgated under the Securities Exchange Act of 1934, as amended. |
| * | 32.1 | Certification of Stephen J. Squeri, Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| * | 32.2 | Certification of Jeffrey C. Campbell, Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. |
| * | 101.INS | XBRL Instance Document – The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document |
| * | 101.SCH | XBRL Taxonomy Extension Schema Document |
| * | 101.CAL | XBRL Taxonomy Extension Calculation Linkbase Document |
First 8 of 12 rows. The CSV has all of them.
Table 100 after “The following tables provide a summary of our consolidated average balances including major categories of interest-earning assets and intere”
Download CSV
| 2022 | 2021 | | 2020 | | | | | | | | | | | | | | |
| Years Ended December 31,(Millions, except percentages) | AverageBalance (a) | Interest Income | | Average Yield | AverageBalance (a) | Interest Income | | Average Yield | | AverageBalance (a) | Interest Income | | Average Yield | | | | | |
| Interest-earning assets | | | | | | | | | | | | | | | | | | |
| Interest-bearing deposits in other banks | | | | | | | | | | | | | | | | | | |
| U.S. | $22,022 | | $462 | | 2.1% | | $25,583 | | | $34 | | 0.1% | | $31,446 | | $100 | | 0.3% |
| Non-U.S. | 2,005 | | 95 | | 4.7 | | 2,291 | | | 54 | | 2.4 | | 2,367 | | 51 | | 2.2 |
| Federal funds sold and securities purchased under agreements to resell | | | | | | | | | | | | | | | | | | |
| Non-U.S. | 381 | | 29 | | 7.6 | | 196 | | | 10 | | 5.1 | | 184 | | 11 | | 6.0 |
First 8 of 27 rows. The CSV has all of them.
| Years Ended December 31, (Millions, except percentages) | 2022Average Balance (a) | 2021Average Balance (a) | | 2020Average Balance (a) | |
| Non-interest-earning assets | | | | | |
| Cash and due from banks | | | | | |
| U.S. | $2,794 | | $2,729 | | $2,205 |
| Non-U.S. | 742 | | 868 | | 823 |
| Card Member receivables, net | | | | | |
| U.S. | 34,527 | | 30,039 | | 27,414 |
| Non-U.S. | 19,973 | | 16,632 | | 16,009 |
First 8 of 21 rows. The CSV has all of them.
| 2022 | 2021 | | 2020 | | | | | | | | | | | | | | | | |
| Years Ended December 31, (Millions, except percentages) | AverageBalance (a) | Interest Expense | | Average Rate | | AverageBalance (a) | | Interest Expense | | Average Rate | | AverageBalance (a) | | Interest Expense | | Average Rate | | | | |
| Interest-bearing liabilities | | | | | | | | | | | | | | | | | | | | |
| Customer deposits | | | | | | | | | | | | | | | | | | | | |
| U.S. | | | | | | | | | | | | | | | | | | | | |
| Savings | $85,198 | | $1,245 | | | 1.5% | | | $78,084 | | | $314 | | | 0.4% | | $69,796 | | $697 | 1.0% |
| Time | 9,356 | | 254 | | | 2.7 | | | 6,092 | | | 139 | | | 2.3 | | 9,898 | | 237 | 2.4 |
| Demand | 1,300 | | 23 | | | 1.8 | | | 692 | | | 2 | | | 0.3 | | 752 | | 5 | 0.7 |
First 8 of 41 rows. The CSV has all of them.
Table 103 after “The following table presents the amount of changes in interest income and interest expense due to changes in both average volume and average”
Download CSV
| 2022 Versus 2021 | 2021 Versus 2020 | | | | | | | | |
| Increase (Decrease) due to change in: | | | Increase (Decrease) due to change in: | | | | | | |
| Years Ended December 31, (Millions) | AverageVolume(b) | AverageRate(c) | | Net Change | AverageVolume(b) | AverageRate(c) | | Net Change | | |
| Interest-earning assets | | | | | | | | | | |
| Interest-bearing deposits in other banks | | | | | | | | | | |
| U.S. | $(5) | | $433 | | $428 | | $(19) | | $(47) | $(66) |
| Non-U.S. | (7) | | 48 | | 41 | | (2) | | 5 | 3 |
| Federal funds sold and securities purchased under agreements to resell | | | | | | | | | | |
First 8 of 43 rows. The CSV has all of them.
Table 104 after “The following table presents weighted average yields by contractual maturities for available-for-sale debt securities with stated maturities”
Download CSV
| Weighted average yield (a) | Due within 1 year | Due after 1 year but within 5 years | | Due after 5 years but within 10 years | Due after 10 years | Total | | |
| State and municipal obligations | —% | | —% | | 5.76% | | 2.39% | 3.50% |
| U.S. Government agency obligations | — | | — | | 3.26 | | 3.04 | 3.06 |
| U.S. Government treasury obligations | 2.03 | | 3.22 | | 4.77 | | — | 2.38 |
| Mortgage-backed securities | — | | — | | — | | 4.19 | 4.19 |
| Foreign government bonds and obligations | 5.25 | | 4.20 | | — | | — | 5.25 |
| Other | —% | | 2.51% | | 2.75% | | —% | 2.53% |
Table 105 after “The following table presents contractual maturities of loans and Card Member receivables by customer type, and distribution between fixed an”
Download CSV
| December 31, (Millions) | 2022 | | | | | | | | | |
| Within1 year (a) | 1-5years (b) (c) | | 5-15 years (c) | | After15 years (c) | Total | | | |
| Loans | | | | | | | | | | |
| Consumer | $84,645 | | $319 | | | $— | | $— | | $84,964 |
| Small Business | 22,858 | | 89 | | | — | | — | | 22,947 |
| Corporate | 53 | | — | | | — | | — | | 53 |
| Other | 1,000 | | 4,289 | | | 104 | | 23 | | 5,416 |
| Total loans | $108,556 | | $4,697 | | | $104 | | $23 | | $113,380 |
First 8 of 20 rows. The CSV has all of them.
Table 106 after “The following table summarizes the ratio of all loans and Card Member receivables categories.”
Download CSV
| Years Ended December 31, (Millions, except percentages and where indicated) | 2022 | 2021 | |
| Card Member loans | | | |
| Consumer | | | |
| Net write-offs — principal less recoveries | $692 | | $576 |
| Net write-offs — interest and fees less recoveries | $203 | | $190 |
| Average consumer loans (billions) (a) | $74.8 | | $61.0 |
| Principal only net write-offs / average consumer loans outstanding (b) | 0.9% | | 0.9% |
| Principal, interest and fees net write-offs / average consumer loans outstanding (b) | 1.2% | | 1.3% |
First 8 of 40 rows. The CSV has all of them.
Table 107 after “The following table shows the reserve for credit losses allocated to Card Member loans, Card Member receivables and Other loans.”
Download CSV
| December 31, | 2022 | 2021 | | | | |
| (Millions, except percentages)Reserve for credit losses at end of year applicable to | Amount | Percentage (a) | | Amount | Percentage (a) | |
| Card Member loans | $3,747 | | 93% | | $3,305 | 97% |
| Card Member receivables | 229 | | 6 | | 64 | 2 |
| Other loans | 59 | | 1 | | 52 | 1 |
| Total Reserve for credit losses | $4,035 | | 100% | | $3,421 | 100% |
Table 108 after “The following table presents the amount of uninsured time certificates of deposit issued by us in our U.S. and non-U.S. offices, further seg”
Download CSV
| By remaining maturity as of December 31, 2022 | | | | | | | |
| (Millions) | 3 months or less | Over 3 months but within 6 months | | Over 6 months but within 12 months | Over 12 months | Total | | |
| U.S. (a) | $45 | | $56 | | $177 | | $170 | $448 |
| Non U.S. (b) | $1 | | $1 | | $3 | | $— | $5 |