AXP · Earnings call · 2026Q3T · Full report

Capital Return Program

AMERICAN EXPRESS CO · 2026-10-23 · Importance 37 · Surprise 6

American Express returned $2.2 billion to shareholders in Q3, comprising $1.6 billion of share repurchases and $0.6 billion of dividends. The company said its spend- and fee-based model supports strong capital generation that it returns to shareholders. Q3 ended with a CET1 ratio of 10.9%, reflecting the Global Business Travel Group sale gain recorded at quarter-end.

Key facts

• American Express returned $2.2 billion to shareholders in Q3, consisting of $1.6 billion in share repurchases and $0.6 billion in dividends.
• American Express ended Q3 with a CET1 ratio of 10.9%, reflecting the GBTG sale gain recorded at quarter-end.