Parent Company (Tables)

12 Months Ended

Dec. 31, 2025

Condensed Financial Information Disclosure [Abstract]

Condensed statements of income and comprehensive income

TABLE 24.1: PARENT COMPANY – CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME

Years Ended December 31 (Millions)	2025		2024		2023
Revenues
Non-interest revenues
Other	$	375	$	390	$	407
Total non-interest revenues	375		390		407
Interest income	1,814		1,858		1,558
Interest expense	2,031		1,869		1,436
Total revenues net of interest expense	158		379		529
Expenses
Salaries and employee benefits	512		474		487
Other	427		385		408
Total expenses	939		859		895
Loss before income tax and equity in net income of subsidiaries	(781)		(480)		(366)
Income tax benefit	(203)		(126)		(163)
Equity in net income of subsidiaries and affiliates	11,411		10,483		8,577
Net income	$	10,833	$	10,129	$	8,374
Net unrealized pension and other postretirement benefits, net of tax	(16)		41		5
Other comprehensive income (loss), net	134		(364)		133
Comprehensive income	$	10,951	$	9,806	$	8,512

Condensed balance sheets

TABLE 24.2: PARENT COMPANY – CONDENSED BALANCE SHEETS

As of December 31 (Millions)	2025		2024
Assets
Cash and cash equivalents	$	11,870	$	7,293
Equity in net assets of subsidiaries and affiliates	33,636		30,165
Loans to subsidiaries and affiliates	31,887		28,897
Due from subsidiaries and affiliates	637		1,291
Other assets	1,107		573
Total assets	79,137		68,219
Liabilities and Shareholders’ Equity
Liabilities
Accounts payable and other liabilities	2,141		2,239
Due to subsidiaries and affiliates	735		404
Long-term debt	42,787		35,312
Total liabilities	45,663		37,955
Shareholders’ Equity
Total shareholders’ equity	33,474		30,264
Total liabilities and shareholders’ equity	$	79,137	$	68,219

Condensed statements of cash flows

TABLE 24.3: PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS

Years Ended December 31 (Millions)	2025		2024		2023
Cash Flows from Operating Activities
Net income	$	10,833	$	10,129	$	8,374
Adjustments to reconcile net income to cash provided by operating activities:
Equity in net income of subsidiaries and affiliates	(11,411)		(10,483)		(8,577)
Dividends received from subsidiaries	7,793		8,027		5,326
Other operating activities, primarily with subsidiaries and affiliates	1,104		14		360
Net cash provided by operating activities	8,319		7,687		5,483
Cash Flows from Investing Activities
Net increase in loans to subsidiaries and affiliates	(3,014)		(3,449)		(2,836)
Investments in subsidiaries, net of returned capital	12		(55)		—
Other investing activities	(1)		5		—
Net cash used in investing activities	(3,003)		(3,499)		(2,836)
Cash Flows from Financing Activities
Proceeds from long-term debt	15,063		8,872		9,969
Payments of long-term debt	(8,000)		(7,500)		(5,750)
Issuance of American Express common shares	57		100		28
Repurchase of American Express common shares and other	(5,588)		(6,020)		(3,650)
Dividends paid	(2,271)		(1,999)		(1,780)
Net cash used in financing activities	(739)		(6,547)		(1,183)
Net increase (decrease) in cash and cash equivalents	4,577		(2,359)		1,464
Cash and cash equivalents at beginning of year	7,293		9,652		8,188
Cash and cash equivalents at end of year	$	11,870	$	7,293	$	9,652