AMERICAN EXPRESS RAISES FY 2026 REVENUE GROWTH GUIDANCE TO 10%

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   AMERICAN EXPRESS RAISES FY 2026 REVENUE GROWTH GUIDANCE TO 10% Q2 REVENUE INCREASED 10% WITH CARD MEMBER SPENDING GROWTH OF 9% Q2 EARNINGS PER SHARE OF $4.53 ROSE 11% (Millions, except per share amounts, and where indicated) | | | | | | | | | | | | | | | | | | | | |

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   | Quarters Ended June 30, | YoY% Inc/(Dec) | Six Months Ended June 30, | YoY% Inc/(Dec) |

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   | Billed Business (Billions) FX-adjusted 1 | $455.8 | $416.3 $416.8 | 9% 9% | $883.8 | $803.7 $810.4 | 10% 9% | Total Revenues Net of Interest Expense FX-adjusted 1 | $19,637 | $17,856 $17,880 | 10% 10% | $38,544 | $34,823 $35,090 | 11% 10% | Pretax Income | $4,071 | $3,550 | 15% | $7,849 | $6,880 | 14% | Net Income | $3,110 | $2,885 | 8% | $6,082 | $5,469 | 11% | Diluted Earnings Per Common Share (EPS) 2 | $4.53 | $4.08 | 11% | $8.81 | $7.71 | 14% | Average Diluted Common Shares Outstanding | 679 | 699 | (3)% | 682 | 701 | (3)% |

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   We had another excellent quarter, with 10 percent revenue growth, EPS of $4.53, and Card Member spending growth of 9 percent, the highest rate we've seen in three years on an FX-adjusted basis. Based on our better-than-expected performance in the first half of the year, we are raising our full-year revenue growth guidance to 10 percent and plan to reinvest this outperformance in growth initiatives given the significant opportunities we see ahead. We continue to expect full-year EPS of $17.30 to $17.90. “Six months into the year, we’re seeing stronger momentum than we expected. The investments we made in our value propositions have driven accelerated spend and revenue growth; our Platinum portfolio is now the fastest growing in our U.S. Consumer business; our best-in-class credit performance further strengthened; and we continued to attract a large number of new customers, particularly Millennials and Gen-Zs who represent greater lifetime value. “We are competing from a position of strength and generating momentum that enables us to continue investing in our differentiated Membership Model, which reinforce our confidence in our ability to drive sustainable growth and shareholder …

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   AMERICAN EXPRESS Q2 2026 RESULTS | | | | | | | | | Second-Quarter 2026 Results | | Business Highlights | Second-quarter consolidated total revenues net of interest expense were $19.6 billion, up 10 percent year-over-year. The increase was primarily driven by higher Card Member spending and increased net interest income supported by growth in card balances, as well as strong card fee growth. Consolidated provisions for credit losses were $1.1 billion, compared with $1.4 billion a year ago. The decrease reflected a reserve release during the quarter compared to a reserve build in the prior year, partially offset by higher net write-offs. The second-quarter net write-off rate was 2.0 percent, flat year-over-year. 3 Consolidated expenses were $14.5 billion, up 12 percent year-over-year. The increase was primarily driven by higher variable customer engagement costs due to increased Card Member spending, the U.S. Platinum Card ® refresh, and usage of Card Member benefits, as well as higher operating expenses. The consolidated effective tax rate was 23.6 percent, up from 18.7 percent a year ago, primarily reflecting discrete tax benefits in the prior year. |

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   | • American Express announced the proposed acquisition of TheFork , a leading European restaurant booking platform with 50,000 restaurants across 11 countries. • The company piloted its new expense management platform to an initial group of middle-market customers. • American Express enabled Membership Rewards ® points redemption for U.S. Card Members checking out with Apple Pay . • The company introduced new travel benefits for Delta SkyMiles Card Members. • American Express became the Official Payments Partner of Fanatics across select Fanatics online and retail locations worldwide. • American Express announced a new global partnership with ALL Accor , the booking and loyalty platform for Accor’s portfolio of 45 worldwide brands, including Raffles, Fairmont, and Sofitel. • The company ranked #1 in the JD Powe r 2026 U.S. Credit Card Mobile App & Online Satisfaction Studies. |

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   # # # This earnings release should be read in conjunction with the supplemental financial data for the second quarter 2026 (the statistical tables), which include information regarding our reportable operating segments and certain defined terms used in this release, available on the American Express Investor Relations website at http://ir.americanexpress.com and in a Form 8-K furnished today with the Securities and Exchange Commission. An investor conference call will be held at 8:30 a.m. (ET) today to discuss second-quarter 2026 results. Live audio and presentation slides for the investor conference call will be available to the general public on the above-mentioned American Express Investor Relations website. A replay of the conference call will be available at the same website address following the call. 2

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   AMERICAN EXPRESS Q2 2026 RESULTS | | | | | | | | | | | | 1 |

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   | As used in this release, FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translations into U.S. dollars (i.e., assumes the foreign exchange rates used to determine results for current period apply to the corresponding prior-year period against which such results are being compared). FX-adjusted revenues is a non-GAAP measure. The company believes the presentation of information on an FX-adjusted basis is helpful to investors by making it easier to compare the company’s performance in one period to that of another period without the variability caused by fluctuations in currency exchange rates. | 2 |

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    | Attributable to common shareholders. Represents net income less earnings allocated to participating share awards and dividends on preferred shares. Refer to the statistical tables for more information. | 3 |

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    | Net write-off rates are based on principal losses only (i.e., excluding interest and/or fees) and represent consumer and small business card balances (net write-off rates based on principal losses only are unavailable for corporate). Refer to the statistical tables for more information and net write-off rates including interest and fees. |

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    Cautionary Note Regarding Forward-Looking Statements

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    AMERICAN EXPRESS Q2 2026 RESULTS Those factors include, but are not limited to, the following: • the company’s ability to achieve its 2026 earnings per common share (EPS) guidance and grow EPS in the future consistent with its growth aspiration, which will depend in part on revenue growth, credit performance, credit reserve and expense levels and the effective tax rate remaining consistent with current expectations and the company’s ability to continue investing in growth initiatives (such as its brand, value propositions, coverage, marketing, technology, partnerships and talent), controlling operating expenses, effectively managing risk and executing its share repurchase program, any of which could be impacted by, among other things, the factors identified in the subsequent paragraphs and the Form 8-K Cautionary Note, as well as the following: macroeconomic and geopolitical conditions, including a slowdown in U.S. or global economic growth, changes to consumer and business confidence, higher rates of unemployment and wide-scale layoffs, impacts from the Middle East conflict and other international hostilities, deteriorations in global trade and the effects of announced or futur…