AXP · Earnings call · 2026Q3T · Full report

Income Tax Rate Changes

AMERICAN EXPRESS CO · 2026-10-23 · Importance 16 · Surprise 24

Q3 adjusted EPS included a discrete tax benefit of $0.29 per share. Management grouped this benefit with a $0.51 increase in legal reserves and a $0.24 benefit from CECL reserve-model updates. Together, the three items had no meaningful impact on adjusted EPS.

Key facts

• Q3 adjusted EPS included a discrete tax benefit of $0.29 per share.