American Express : May Fixed Income Presentation

Published: 2026-05-01 15:31:10 ET AXP

Published on 05/01/2026 at 03:31 pm EDT

MAY 2026

Brand Strength

Service Excellence

Membership Model

Lifestyle

& Business-Centric Assets

Premium Customer Base at Scale

Talented & Dedicated Colleagues

Card Members

Merchants

Data Technology Analytics

2

Strong liquidity position with $54B in cash and cash equivalents as of 3/31/2026

▪

Interest bearing deposits grew over $5B from $151B at YE 2025 to $157B at Q1 2026

Continued to maintain a CET1 ratio within our target range of 10-11%:

o CET1 Ratio of 10.5%

Billed Business growth of 10% YoY (9% FX-adjusted*)

Revenue growth of 11% YoY

Net Income of $3.0B

Diluted EPS** of $4.28

* 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 foreign exchange rates for given period apply to prior

period against which results are being compared). ** Attributable to common shareholders. Represents net income less earnings allocated to participating share awards and dividends on preferred shares. 3

Refer to the Statistical Tables for the first-quarter 2026 (the Statistical Tables), available on the American Express Investor Relations website at ir.americanexpress.com, for certain defined terms used in this presentation.

$ in millions, except per share amounts; % Increase/(decrease) vs. Prior year

Q1'26

Q1'25

YoY%

Inc/(Dec)

Total Revenues Net of Interest Expense

$18,907

$16,967

11%

FX-Adjusted*

$17,210

10%

Net Income

$2,971

$2,584

15%

Diluted EPS**

$4.28

$3.64

18%

Average Diluted Shares Outstanding

686

702

(2%)

* Total Revenues Net of Interest Expense adjusted for FX is a non-GAAP measure. See Slide 3 for an explanation of FX-adjusted information. ** Attributable to common shareholders. Represents net income less earnings

allocated to participating share awards and dividends on preferred shares. 5

Disclaimer

American Express Company published this content on May 01, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 01, 2026 at 19:30 UTC.