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Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
Short-term borrowings
Our short-term borrowings outstanding, defined as borrowings with original contractual maturity dates of one year or less than one year as of December 31, 2025 and 2024 were as follows:
TABLE 8.1: SHORT-TERM BORROWINGS
20252024
(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)
$1,371 4.41 %$1,374 2.47 %
Total$1,371 4.41 %$1,374 2.47 %
(a)For floating-rate issuances, the stated interest rates are weighted based on the outstanding principal balances and interest rates in effect as of December 31, 2025 and 2024.
(b)Includes borrowings from banks and book overdrafts with banks, which represents negative cash balances for accounts with an associated overdraft facility, due to timing differences arising in the ordinary course of business.
Long-term debt
Our long-term debt outstanding, defined as debt with original contractual maturity dates of greater than one year as of December 31, 2025 and 2024 was as follows:
TABLE 8.2: LONG-TERM DEBT
20252024
(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 Notes2026 - 2042$9,865 3.79 %3.94 %$14,582 3.66 %3.80 %
Floating Rate Senior Notes2026- 20313,650 4.80 — 3,000 5.49 — 
Fixed-to-Floating Rate Senior Notes2027 - 203627,445 5.07 4.98 15,973 5.35 5.57 
Fixed-to-Floating Rate Subordinated Notes2033 - 20351,771 5.44 5.36 1,742 5.44 5.80 
American Express Credit Corporation
Fixed Rate Senior Notes2027336 3.30 — 333 3.30 — 
Lending Trust
Fixed Rate Senior Notes2026 - 203013,181 4.72 4.63 13,934 4.23 4.32 
Other
Floating Rate Borrowings2026 - 2029275 1.18 — %247 0.76 — %
Unamortized Underwriting Fees(135)(96)
Total Long-Term Debt$56,387 4.72 %$49,715 4.51 %
(a)The outstanding balances include (i) unamortized discount, (ii) the impact of movements in exchange rates on foreign currency denominated debt and (iii) the impact of fair value hedge accounting on certain fixed-rate notes that have been swapped to floating rate through the use of interest rate swaps. Refer to Note 13 for more details on our treatment of fair value hedges.
(b)For floating-rate issuances, the stated interest rate on debt is weighted based on the outstanding principal balances and interest rates in effect as of December 31, 2025 and 2024.
(c)Interest rates with swaps are only presented when swaps are in place to hedge the underlying debt. The interest rates with swaps are weighted based on the outstanding principal balances and the interest rates on the floating leg of the swaps in effect as of December 31, 2025 and 2024.
Aggregate annual maturities on long-term debt obligations
Aggregate annual maturities on long-term debt obligations (based on contractual maturity or anticipated redemption dates) as of December 31, 2025 were as follows:
TABLE 8.3: ANNUAL MATURITIES ON LONG-TERM DEBT
(Millions)20262027202820292030ThereafterTotal
American Express Company (Parent Company only)$3,950 $8,011 $3,700 $6,750 $1,400 $19,151 $42,961 
American Express Credit Corporation— 339 — — — — 339 
Lending Trust2,100 3,600 4,350 1,000 2,000 — 13,050 
Other64 128 70 13 — — 275 
$6,114 $12,078 $8,120 $7,763 $3,400 $19,151 $56,626 
Unamortized Underwriting Fees(135)
Unamortized Discount and Premium(470)
Impacts due to Fair Value Hedge Accounting366 
Total Long-Term Debt$56,387