Recent Updates — AXP

American Express Company issued $1.5 billion of 5.447% Fixed-to-Floating Rate Notes due October 30, 2030, $1.15 billion of 5.817% Fixed-to-Floating Rate Notes due October 27, 2034, and $350 million of Floating Rate Notes due October 30, 2030. The total aggregate principal amount is $3 billion. These securities were issued pursuant to a Prospectus Supplement dated October 26, 2026, under the Company's senior indenture with The Bank of New York Mellon as trustee. American Express operates in the financial services industry, providing payment processing and credit card services globally.

American Express reported third-quarter 2026 net income of $3.7 billion, or diluted earnings per share of $5.42, up 31% from the prior year period. Total revenues net of interest expense reached a record $20.1 billion, reflecting 9% year-over-year growth driven by higher card member spending and strong card fee revenue. The company raised its full-year 2026 earnings per share guidance to between $18.30 and $18.60 from previous estimates. Adjusted EPS for the quarter was $4.68, excluding a gain on the sale of Global Business Travel Group and restructuring charges. American Express operates as a global payments network and premium lifestyle brand providing financial services to consumers and businesses.

American Express Company and its subsidiaries have consented to orders from the Federal Reserve Board and the Office of the Comptroller of the Currency (OCC) to resolve reviews regarding aspects of its financial crimes compliance program. American Express National Bank agreed to pay a $350 million civil money penalty to the OCC, with a portion reserved in prior periods so it does not impact full-year 2026 guidance or anticipated 2027 costs. The consent orders do not impose an asset cap on the company. American Express operates as a global payments network and travel-related services provider.