American Express (AXP) 8-K Regulation FD Disclosure

Exhibit 99.1

American Express Company	(Preliminary)
Selected Financial Information by Segment
(Millions)

										Corporate &
	USCS		ICNS		GCS		GMS			Other			Consolidated
Twelve months ended December 31, 2015
Non-interest revenues	$	8,479	$	4,627	$	8,930	$	4,471		$	389		$	26,896
Interest income		5,198		945		1,175		1			226			7,545
Interest expense		488		235		365		(211	)		746			1,623
Total revenues net of interest expense		13,189		5,337		9,740		4,683			(131	)		32,818
Total provision		1,064		300		588		31			5			1,988
Pretax income (loss) from continuing operations		3,677		904		3,155		2,390			(2,188	)		7,938
Income tax provision (benefit)		1,322		220		1,139		886			(792	)		2,775
Net income (loss)		2,355		684		2,016		1,504			(1,396	)		5,163
Twelve months ended December 31, 2014
Non-interest revenues		8,198		5,091		9,571		4,571			1,285			28,716
Interest income		4,821		1,088		1,026		2			242			7,179
Interest expense		453		325		409		(287	)		807			1,707
Total revenues net of interest expense		12,566		5,854		10,188		4,860			720			34,188
Total provision		1,030		354		569		79			12			2,044
Pretax income (loss) from continuing operations		3,502		887		3,717		2,336			(1,451	)		8,991
Income tax provision (benefit)		1,283		194		1,379		874			(624	)		3,106
Net income (loss)	$	2,219	$	693	$	2,338	$	1,462		$	(827	)	$	5,885

-1-

U.S. Consumer Services  (Preliminary)

	Quarters Ended
Selected Income Statement Data	Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
(Millions)	2015			2015			2015			2015			2014			2014			2014			2014
Non-interest revenues	$	2,155		$	2,117		$	2,176		$	2,031		$	2,123		$	2,061		$	2,077		$	1,937
Interest income		1,349			1,324			1,252			1,273			1,246			1,220			1,169			1,186
Interest expense		130			123			121			114			112			112			115			114
Net interest income		1,219			1,201			1,131			1,159			1,134			1,108			1,054			1,072
Total revenues net of interest expense		3,374			3,318			3,307			3,190			3,257			3,169			3,131			3,009
Provisions for losses		334			294			243			193			313			234			241			242
Total revenues net of interest expense after provisions for losses		3,040			3,024			3,064			2,997			2,944			2,935			2,890			2,767
Expenses
Marketing, promotion, rewards, Card Member services and other		1,410			1,396			1,366			1,210			1,419			1,213			1,273			1,077
Salaries and employee benefits and other operating expenses		793			768			759			746			802			734			797			719
Total expenses		2,203			2,164			2,125			1,956			2,221			1,947			2,070			1,796
Pretax segment income		837			860			939			1,041			723			988			820			971
Income tax provision		296			318			326			382			263			364			292			364
Segment income	$	541		$	542		$	613		$	659		$	460		$	624		$	528		$	607
Effective tax rate		35.4	%		37.0	%		34.7	%		36.7	%		36.4	%		36.8	%		35.6	%		37.5	%
Selected Statistical Information
(Billions, except percentages and where indicated)
Card billed business	$	98.4		$	92.3		$	93.6		$	85.7		$	94.7		$	88.7		$	89.3		$	80.9
Total cards-in-force (millions)		40.7			40.0			39.1			38.6			38.3			38.0			37.5			36.9
Basic cards-in-force (millions)		28.6			28.0			27.3			26.9			26.8			26.4			26.1			25.6
Average basic Card Member spending (dollars)	$	3,471		$	3,337		$	3,472		$	3,184		$	3,560		$	3,380		$	3,484		$	3,169
Card Member receivables: (A)
Total receivables	$	11.8		$	10.5		$	10.8		$	10.5		$	11.7		$	10.5		$	10.6		$	10.4
30 days past due as a % of total		1.4	%		1.6	%		1.4	%		1.5	%		1.5	%		1.6	%		1.5	%		1.7	%
Average receivables	$	10.9		$	10.6		$	10.7		$	10.5		$	10.9		$	10.6		$	10.8		$	10.6
Net write-off rate (principal only) (B)		1.6	%		1.5	%		1.2	%		2.1	%		1.4	%		1.5	%		1.8	%		2.0	%
Net write-off rate (principal and fees) (B)		1.8	%		1.7	%		1.4	%		2.3	%		1.6	%		1.7	%		2.0	%		2.3	%
Card Member loans: (A)
Total loans	$	43.5		$	52.2		$	51.8		$	50.3		$	53.1		$	48.8		$	48.6		$	46.9
30 days past due loans as a % of total		1.0	%		1.0	%		0.9	%		0.9	%		0.9	%		1.0	%		0.9	%		1.1	%
Average loans	$	50.5		$	52.1		$	51.1		$	50.9		$	50.4		$	48.9		$	47.8		$	47.4
Net write-off rate (principal only) (B)		1.4	%		1.3	%		1.4	%		1.5	%		1.3	%		1.4	%		1.6	%		1.7	%
Net write-off rate (principal, interest and fees) (B)		1.6	%		1.5	%		1.6	%		1.7	%		1.6	%		1.6	%		1.9	%		1.9	%
Net interest income divided by average loans (C)		9.1	%		9.2	%		8.9	%		9.1	%		9.0	%		9.1	%		8.8	%		9.0	%
Net interest yield on Card Member loans (C)		9.1	%		9.2	%		9.0	%		9.3	%		9.1	%		9.1	%		9.0	%		9.3	%

See Appendix IV for footnote references

-2-

International Consumer and Network Services (Preliminary)

	Quarters Ended
Selected Income Statement Data	Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
(Millions)	2015			2015			2015			2015			2014			2014			2014			2014
Non-interest revenues	$	1,178		$	1,141		$	1,163		$	1,145		$	1,253		$	1,298		$	1,300		$	1,240
Interest income		235			228			237			245			261			274			275			278
Interest expense		59			55			58			63			70			84			90			81
Net interest income		176			173			179			182			191			190			185			197
Total revenues net of interest expense		1,354			1,314			1,342			1,327			1,444			1,488			1,485			1,437
Provisions for losses		77			77			76			70			88			93			86			87
Total revenues net of interest expense after provisions for losses		1,277			1,237			1,266			1,257			1,356			1,395			1,399			1,350
Expenses
Marketing, promotion, rewards, Card Member services and other		547			504			482			447			571			532			577			483
Salaries and employee benefits and other operating expenses		545			532			546			530			705			573			632			540
Total expenses		1,092			1,036			1,028			977			1,276			1,105			1,209			1,023
Pretax segment income		185			201			238			280			80			290			190			327
Income tax provision/(benefit)		45			47			45			83			(3	)		74			35			88
Segment income	$	140		$	154		$	193		$	197		$	83		$	216		$	155		$	239
Effective tax rate		24.3	%		23.4	%		18.9	%		29.6	%		-3.8	%		25.5	%		18.4	%		26.9	%
Selected Statistical Information
(Billions, except percentages and where indicated)
Card billed business
Proprietary	$	27.1		$	25.1		$	25.5		$	24.4		$	29.4		$	29.4		$	29.6		$	27.7
Non-Proprietary		43.5			40.7			41.5			38.7			42.1			41.1			39.6			36.2
Total	$	70.5		$	65.9		$	67.0		$	63.1		$	71.5		$	70.5		$	69.2		$	63.9
Total cards-in-force (millions)
Proprietary		14.6			14.5			14.5			14.3			15.1			15.2			15.1			15.3
Non-Proprietary		47.4			46.3			45.6			44.5			44.0			43.2			42.5			41.3
Total		62.0			60.8			60.0			58.8			59.1			58.4			57.6			56.5
Proprietary basic cards-in-force (millions)		9.9			9.9			9.9			9.9			10.3			10.4			10.3			10.4
Average basic Card Member spending (dollars) (D)	$	2,718		$	2,547		$	2,600		$	2,454		$	2,838		$	2,834		$	2,866		$	2,679
Card Member receivables: (A)
Total receivables	$	5.6		$	5.2		$	5.5		$	5.1		$	6.3		$	5.9		$	6.1		$	5.8
30 days past due as a % of total		1.5	%		1.6	%		1.5	%		1.6	%		1.3	%		1.4	%		1.4	%		1.5	%
Average receivables	$	5.5		$	5.3		$	5.3		$	5.5		$	6.5		$	6.4		$	6.5		$	5.9
Net write-off rate (principal only) (B)		2.1	%		2.3	%		2.1	%		1.9	%		1.7	%		1.8	%		1.8	%		2.3	%
Net write-off rate (principal and fees) (B)		2.3	%		2.5	%		2.3	%		2.1	%		1.8	%		2.0	%		1.9	%		2.5	%
Card Member loans: (A)
Total loans	$	7.1		$	6.7		$	7.2		$	6.8		$	7.7		$	8.0		$	8.6		$	8.2
30 days past due loans as a % of total		1.6	%		1.6	%		1.6	%		1.8	%		1.6	%		1.6	%		1.6	%		1.7	%
Average loans	$	7.0		$	6.9		$	7.0		$	7.2		$	7.9		$	8.3		$	8.3		$	8.3
Net write-off rate (principal only) (B)		1.8	%		1.8	%		2.0	%		2.0	%		1.9	%		1.9	%		2.0	%		2.0	%
Net write-off rate (principal, interest and fees) (B)		2.2	%		2.3	%		2.5	%		2.5	%		2.4	%		2.4	%		2.4	%		2.4	%
Net interest income divided by average loans (C)		10.1	%		10.1	%		10.2	%		10.2	%		9.7	%		9.2	%		8.9	%		9.5	%
Net interest yield on Card Member loans (C)		10.6	%		10.4	%		10.7	%		10.9	%		10.5	%		9.9	%		9.6	%		10.1	%

See Appendix IV for footnote references

-3-

Global Commercial Services (Preliminary)

	Quarters Ended
Selected Income Statement Data	Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
(Millions)	2015			2015			2015			2015			2014			2014			2014			2014
Non-interest revenues	$	2,253		$	2,217		$	2,285		$	2,175		$	2,929		$	2,263		$	2,241		$	2,138
Interest income		311			297			289			278			263			260			253			250
Interest expense		94			91			91			89			95			102			111			101
Net interest income		217			206			198			189			168			158			142			149
Total revenues net of interest expense		2,470			2,423			2,483			2,364			3,097			2,421			2,383			2,287
Provisions for losses		153			148			136			151			146			140			143			140
Total revenues net of interest expense after provisions for losses		2,317			2,275			2,347			2,213			2,951			2,281			2,240			2,147
Expenses
Marketing, promotion, rewards, Card Member services and other		784			826			809			723			835			761			788			685
Salaries and employee benefits and other operating expenses		774			715			691			675			729			691			753			660
Total expenses		1,558			1,541			1,500			1,398			1,564			1,452			1,541			1,345
Pretax segment income		759			734			847			815			1,387			829			699			802
Income tax provision		274			267			298			300			540			299			244			296
Segment income	$	485		$	467		$	549		$	515		$	847		$	530		$	455		$	506
Effective tax rate		36.1	%		36.4	%		35.2	%		36.8	%		38.9	%		36.1	%		34.9	%		36.9	%
Selected Statistical Information
(Billions, except percentages and where indicated)
Card billed business	$	103.2		$	99.5		$	100.4		$	95.5		$	102.4		$	98.9		$	99.7		$	93.5
Total cards-in-force (millions)		15.1			15.0			14.7			14.8			14.8			14.7			14.8			14.8
Basic cards-in-force (millions)		15.1			15.0			14.7			14.8			14.8			14.7			14.8			14.8
Average basic Card Member spending (dollars)	$	6,859		$	6,711		$	6,811		$	6,461		$	6,929		$	6,702		$	6,749		$	6,344
Card Member receivables (A)		26.7			28.6			28.6			28.1			26.8			28.7			28.6			28.4
Card Member loans (A)		8.0			10.0			9.9			9.7			9.5			9.2			9.1			8.9
Card Member receivables: (A)
Total receivables - Global Commercial Payments (GCP)	$	13.8		$	15.7		$	15.9		$	15.7		$	14.6		$	16.4		$	16.5		$	16.6
90 days past billing as a % of total - GCP		0.9	%		0.7	%		0.7	%		0.7	%		0.8	%		0.8	%		0.7	%		0.7	%
Net loss ratio (as a % of charge volume) - GCP		0.08	%		0.08	%		0.09	%		0.10	%		0.08	%		0.09	%		0.09	%		0.09	%
Total receivables - Global Small Business Services (GSBS)	$	12.9		$	12.9		$	12.8		$	12.4		$	12.2		$	12.3		$	12.1		$	11.7
30 days past due as a % of total - GSBS		1.7	%		1.6	%		1.6	%		1.8	%		1.8	%		1.6	%		1.5	%		1.8	%
Average receivables - GSBS	$	13.1		$	12.8		$	12.7		$	12.2		$	12.4		$	12.2		$	12.1		$	11.4
Net write-off rate (principal only) - GSBS (B)		1.6	%		1.8	%		1.9	%		2.2	%		1.4	%		1.6	%		1.8	%		1.5	%
Net write-off rate (principal and fees) - GSBS (B)		1.8	%		2.0	%		2.1	%		2.4	%		1.6	%		1.8	%		2.0	%		1.7	%
Card Member loans: (A)
Total loans - GSBS (E)	$	8.0		$	10.0		$	9.9		$	9.7		$	9.5		$	9.2		$	9.1		$	8.9
30 days past due as a % of total - GSBS (E)		1.1	%		1.0	%		0.9	%		1.0	%		1.0	%		1.0	%		1.1	%		1.2	%
Average loans - GSBS (E)	$	9.6		$	9.9		$	9.8		$	9.5		$	9.3		$	9.2		$	9.1		$	8.7
Net write-off rate (principal only) - GSBS (B) (E)		1.2	%		1.3	%		1.3	%		1.3	%		1.3	%		1.5	%		1.6	%		1.7	%
Net write-off rate (principal, interest and fees) - GSBS (B) (E)		1.5	%		1.5	%		1.5	%		1.6	%		1.5	%		1.7	%		1.9	%		2.0	%
Net interest income divided by average loans (C)		8.5	%		8.3	%		8.0	%		7.9	%		7.2	%		6.8	%		6.2	%		6.8	%
Net interest yield on Card Member loans (C)		10.2	%		10.0	%		10.0	%		10.2	%		9.7	%		9.9	%		9.8	%		10.2	%

See Appendix IV for footnote references

-4-

Global Merchant Services (Preliminary)

	Quarters Ended
Selected Income Statement Data	Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
(Millions)	2015			2015			2015			2015			2014			2014			2014			2014
Non-interest revenues	$	1,148		$	1,123		$	1,130		$	1,070		$	1,194		$	1,150		$	1,143		$	1,084
Interest income		-			-			1			-			1			-			-			1
Interest expense		(57	)		(46	)		(49	)		(59	)		(64	)		(75	)		(83	)		(65	)
Net interest income		57			46			50			59			65			75			83			66
Total revenues net of interest expense		1,205			1,169			1,180			1,129			1,259			1,225			1,226			1,150
Provisions for losses		9			8			8			6			33			19			15			12
Total revenues net of interest expense after provisions for losses		1,196			1,161			1,172			1,123			1,226			1,206			1,211			1,138
Expenses
Marketing, promotion, rewards, Card Member services and other		84			78			76			56			55			76			89			83
Salaries and employee benefits and other operating expenses		535			447			507			479			570			549			555			468
Total expenses		619			525			583			535			625			625			644			551
Pretax segment income		577			636			589			588			601			581			567			587
Income tax provision		212			237			219			218			231			214			207			222
Segment income	$	365		$	399		$	370		$	370		$	370		$	367		$	360		$	365
Effective tax rate		36.7	%		37.3	%		37.2	%		37.1	%		38.4	%		36.8	%		36.5	%		37.8	%
Selected Statistical Information
Average discount rate (F)		2.42	%		2.46	%		2.49	%		2.49	%		2.44	%		2.48	%		2.48	%		2.51	%

 

See Appendix IV for footnote references

-5-

American Express Company *	(Preliminary)
Appendix I - Consolidated Statements of Income
(Millions, except percentages and per share amounts)

	Quarters Ended
	Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
	2015			2015			2015			2015			2014			2014			2014			2014
Non-interest revenues
Discount revenue	$	4,913		$	4,778		$	4,946		$	4,660		$	4,961		$	4,889		$	4,919		$	4,620
Net card fees		687			679			667			667			671			680			687			674
Other fees and commissions (G)		704			727			727			708			715			746			1,124			1,041
Other		540			504			521			468			1,310			593			585			501
Total non-interest revenues		6,844			6,688			6,861			6,503			7,657			6,908			7,315			6,836
Interest income
Interest on loans		1,891			1,847			1,776			1,795			1,769			1,753			1,696			1,711
Interest and dividends on investment securities		37			38			41			41			43			45			45			46
Deposits with banks and other		19			19			20			21			17			17			18			19
Total interest income		1,947			1,904			1,837			1,857			1,829			1,815			1,759			1,776
Interest expense
Deposits		138			125			109			103			97			91			91			94
Long-term debt and other		262			274			305			307			308			329			352			345
Total interest expense		400			399			414			410			405			420			443			439
Net interest income		1,547			1,505			1,423			1,447			1,424			1,395			1,316			1,337
Total revenues net of interest expense		8,391			8,193			8,284			7,950			9,081			8,303			8,631			8,173
Provisions for losses
Charge card		195			203			165			174			198			196			183			215
Card Member loans		361			309			285			235			341			265			282			250
Other		16			17			17			11			43			27			24			20
Total provisions for losses		572			529			467			420			582			488			489			485
Total revenues net of interest expense after provisions for losses		7,819			7,664			7,817			7,530			8,499			7,815			8,142			7,688
Expenses
Marketing and promotion		892			847			761			609			887			783			959			587
Card Member rewards		1,794			1,763			1,799			1,640			1,881			1,695			1,773			1,582
Card Member services and other		246			269			242			261			203			205			192			222
Salaries and employee benefits		1,209			1,212			1,250			1,305			1,607			1,290			1,658			1,540
Professional services		784			687			655			624			768			731			817			692
Occupancy and equipment		482			523			415			434			446			432			467			462
Other, net		958			425			465			341			482			433			(36	)		395
Total expenses		6,365			5,726			5,587			5,214			6,274			5,569			5,830			5,480
Pretax income		1,454			1,938			2,230			2,316			2,225			2,246			2,312			2,208
Income tax provision		555			672			757			791			778			769			783			776
Net income		899			1,266			1,473			1,525			1,447			1,477			1,529			1,432
Net income attributable to common shareholders (H)		873			1,234			1,442			1,514			1,436			1,466			1,517			1,420
Effective tax rate		38.2	%		34.7	%		33.9	%		34.2	%		35.0	%		34.2	%		33.9	%		35.1	%
Earnings Per Common Share
BASIC
Net income attributable to common shareholders	$	0.89		$	1.24		$	1.43		$	1.49		$	1.40		$	1.41		$	1.44		$	1.34
Average common shares outstanding		977			994			1,009			1,019			1,028			1,041			1,052			1,060
DILUTED
Net income attributable to common shareholders	$	0.89		$	1.24		$	1.42		$	1.48		$	1.39		$	1.40		$	1.43		$	1.33
Average common shares outstanding		981			997			1,013			1,023			1,033			1,047			1,058			1,067
Cash dividends declared per common share	$	0.29		$	0.29		$	0.29		$	0.26		$	0.26		$	0.26		$	0.26		$	0.23

* The Company's Consolidated Statements of Income have not been affected by the previously mentioned changes.

See Appendix IV for footnote references

-6-

American Express Company	(Preliminary)
Appendix I - Selected Statistical Information
(Billions, except percentages and where indicated)

	Quarters Ended
	Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
	2015			2015			2015			2015			2014			2014			2014			2014
Card billed business: (I)
United States	$	189.9		$	180.3		$	181.6		$	169.2		$	182.5		$	173.0		$	173.4		$	159.2
Outside the United States		83.3			78.6			80.4			76.4			86.0			85.1			84.7			78.9
Total	$	273.2		$	258.9		$	262.0		$	245.6		$	268.5		$	258.1		$	258.1		$	238.1
Total cards-in-force (millions): (J)
United States		57.6			56.4			55.3			54.8			54.9			54.5			54.1			53.5
Outside the United States		60.2			59.4			58.5			57.4			57.3			56.6			55.8			54.7
Total		117.8			115.8			113.8			112.2			112.2			111.1			109.9			108.2
Basic cards-in-force (millions): (J)
United States		44.8			43.6			42.8			42.4			42.6			42.2			42.0			41.5
Outside the United States		49.5			49.0			48.2			47.3			47.0			46.3			45.6			44.6
Total		94.3			92.6			91.0			89.7			89.6			88.5			87.6			86.1
Average discount rate (F)		2.42	%		2.46	%		2.49	%		2.49	%		2.44	%		2.48	%		2.48	%		2.51	%
Average basic Card Member spending (dollars) (D)	$	4,305		$	4,165		$	4,272		$	4,008		$	4,377		$	4,223		$	4,288		$	3,991
Average fee per card (dollars) (D)	$	39		$	39		$	39		$	39		$	39		$	40		$	41		$	40
Average fee per card adjusted (dollars) (D)	$	43		$	44		$	43		$	44		$	44		$	45		$	45		$	45
Worldwide Card Member receivables: (A)
Total receivables	$	44.1		$	44.3		$	44.9		$	43.7		$	44.9		$	45.1		$	45.3		$	44.7
Loss reserves (millions):
Beginning balance	$	441		$	420		$	429		$	465		$	432		$	413		$	414		$	386
Provisions (K)		195			203			165			174			198			196			183			215
Net write-offs (L)		(169	)		(174	)		(171	)		(199	)		(156	)		(168	)		(182	)		(170	)
Other (M)		(5	)		(8	)		(3	)		(11	)		(9	)		(9	)		(2	)		(17	)
Ending balance	$	462		$	441		$	420		$	429		$	465		$	432		$	413		$	414
% of receivables		1.0	%		1.0	%		0.9	%		1.0	%		1.0	%		1.0	%		0.9	%		0.9	%
Net write-off rate (principal only) (B)		1.7	%		1.8	%		1.7	%		2.1	%		1.5	%		1.6	%		1.8	%		1.8	%
Net write-off rate (principal and fees) (B)		1.9	%		2.0	%		1.9	%		2.3	%		1.7	%		1.8	%		2.0	%		2.0	%
30 days past due as a % of total		1.5	%		1.6	%		1.5	%		1.6	%		1.6	%		1.6	%		1.5	%		1.7	%
Net loss ratio (as a % of charge volume) - GCP		0.08	%		0.08	%		0.09	%		0.10	%		0.08	%		0.09	%		0.09	%		0.09	%
90 days past billing as a % of total - GCP		0.9	%		0.7	%		0.7	%		0.7	%		0.8	%		0.8	%		0.7	%		0.7	%
Worldwide Card Member loans: (A)
Total loans	$	58.6		$	68.9		$	69.0		$	66.8		$	70.4		$	66.1		$	66.3		$	64.0
Loss reserves (millions):
Beginning balance	$	1,164		$	1,132		$	1,130		$	1,201		$	1,146		$	1,170		$	1,191		$	1,261
Provisions (K)		361			309			285			235			341			265			282			250
Net write-offs - principal (L)		(234	)		(231	)		(243	)		(259	)		(237	)		(245	)		(267	)		(280	)
Net write-offs - interest and fees (L)		(40	)		(37	)		(42	)		(43	)		(40	)		(40	)		(42	)		(42	)
Reserves transferred to held for sale		(224	)		-			-			-			-			-			-			-
Other (M)		1			(9	)		2			(4	)		(9	)		(4	)		6			2
Ending balance	$	1,028		$	1,164		$	1,132		$	1,130		$	1,201		$	1,146		$	1,170		$	1,191
Ending reserves - principal	$	975		$	1,114		$	1,076		$	1,074		$	1,149		$	1,093		$	1,114		$	1,135
Ending reserves - interest and fees	$	53		$	50		$	56		$	56		$	52		$	53		$	56		$	56
% of loans		1.8	%		1.7	%		1.6	%		1.7	%		1.7	%		1.7	%		1.8	%		1.9	%
% of past due		164	%		164	%		171	%		163	%		167	%		165	%		171	%		159	%
Average loans	$	67.1		$	69.0		$	68.0		$	67.6		$	67.7		$	66.4		$	65.2		$	64.5
Net write-off rate (principal only) (B)		1.4	%		1.3	%		1.4	%		1.5	%		1.4	%		1.5	%		1.6	%		1.7	%
Net write-off rate (principal, interest and fees) (B)		1.6	%		1.6	%		1.7	%		1.8	%		1.6	%		1.7	%		1.9	%		2.0	%
30 days past due loans as a % of total		1.1	%		1.0	%		1.0	%		1.0	%		1.0	%		1.1	%		1.0	%		1.2	%
Net interest income divided by average loans (C)		8.7	%		8.7	%		8.4	%		8.6	%		8.4	%		8.5	%		8.1	%		8.4	%
Net interest yield on Card Member loans (C)		9.4	%		9.5	%		9.3	%		9.6	%		9.3	%		9.3	%		9.2	%		9.5	%

See Appendix IV for footnote references

-7-

American Express Company	(Preliminary)
Net Interest Yield on Card Member Loans
Appendix II
(Millions, except percentages and where indicated)

	Quarters Ended
	Dec 31,			Sep 30,			Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,			Mar 31,
	2015			2015			2015			2015			2014			2014			2014			2014
Consolidated:
Net interest income	$	1,547		$	1,505		$	1,423		$	1,447		$	1,424		$	1,395		$	1,316		$	1,337
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio	$	225		$	232		$	248		$	246		$	240		$	239		$	255		$	259
Interest income not attributable to the Company's Card Member loan portfolio	$	(90	)	$	(89	)	$	(91	)	$	(86	)	$	(75	)	$	(76	)	$	(79	)	$	(78	)
Adjusted net interest income (N)	$	1,682		$	1,648		$	1,580		$	1,606		$	1,588		$	1,558		$	1,492		$	1,518
Average loans (billions)	$	70.9		$	69.0		$	68.0		$	67.6		$	67.7		$	66.4		$	65.2		$	64.5
Include:
Certain other fees (billions)	$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.1
Adjusted average loans (billions) (O)	$	70.9		$	69.0		$	68.0		$	67.6		$	67.7		$	66.4		$	65.2		$	64.6
Net interest income divided by average loans (P)		8.7	%		8.7	%		8.4	%		8.6	%		8.4	%		8.4	%		8.1	%		8.3	%
Net interest yield on Card Member loans (Q)		9.4	%		9.5	%		9.3	%		9.6	%		9.3	%		9.3	%		9.2	%		9.5	%
USCS:
Net interest income	$	1,220		$	1,200		$	1,131		$	1,159		$	1,135		$	1,108		$	1,054		$	1,072
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio	$	19		$	18		$	18		$	17		$	18		$	18		$	19		$	18
Interest income not attributable to the Company's Card Member loan portfolio	$	(5	)	$	(4	)	$	(4	)	$	(3	)	$	(3	)	$	(3	)	$	(3	)	$	(3	)
Adjusted net interest income (N)	$	1,234		$	1,214		$	1,146		$	1,172		$	1,149		$	1,122		$	1,070		$	1,088
Average loans (billions)	$	53.7		$	52.1		$	51.1		$	50.9		$	50.4		$	48.9		$	47.8		$	47.4
Include:
Certain Other Fees (billions)	$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.1
Adjusted average loans (billions) (O)	$	53.7		$	52.1		$	51.1		$	50.9		$	50.4		$	48.9		$	47.8		$	47.5
Net interest income divided by average loans (P)		9.1	%		9.2	%		8.9	%		9.1	%		9.0	%		9.1	%		8.8	%		9.0	%
Net interest yield on Card Member loans (Q)		9.1	%		9.2	%		9.0	%		9.3	%		9.1	%		9.1	%		9.0	%		9.3	%
ICNS:
Net interest income	$	176		$	173		$	179		$	182		$	191		$	190		$	184		$	197
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio	$	14		$	14		$	14		$	15		$	16		$	16		$	17		$	14
Interest income not attributable to the Company's Card Member loan portfolio	$	(4	)	$	(5	)	$	(6	)	$	(4	)	$	3		$	0		$	(4	)	$	(3	)
Adjusted net interest income (N)	$	186		$	181		$	187		$	193		$	210		$	207		$	198		$	208
Average loans (billions)	$	7.0		$	6.9		$	7.0		$	7.2		$	7.9		$	8.3		$	8.3		$	8.3
Include:
Certain Other Fees (billions)	$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.0		$	0.0
Adjusted average loans (billions) (O)	$	7.0		$	6.9		$	7.0		$	7.2		$	7.9		$	8.3		$	8.3		$	8.3
Net interest income divided by average loans (P)		10.1	%		10.1	%		10.2	%		10.2	%		9.7	%		9.2	%		8.9	%		9.5	%
Net interest yield on Card Member loans (Q)		10.6	%		10.4	%		10.7	%		10.9	%		10.5	%		9.9	%		9.6	%		10.1	%
GCS:
Net interest income	$	217		$	206		$	198		$	189		$	168		$	158		$	142		$	149
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio	$	72		$	71		$	72		$	71		$	77		$	84		$	92		$	83
Interest income not attributable to the Company's Card Member loan portfolio	$	(28	)	$	(24	)	$	(22	)	$	(19	)	$	(17	)	$	(13	)	$	(11	)	$	(10	)
Adjusted net interest income (N)	$	261		$	253		$	248		$	241		$	229		$	229		$	224		$	222
Average loans (billions)	$	10.2		$	10.0		$	9.9		$	9.6		$	9.4		$	9.2		$	9.1		$	8.8
Include:
Certain other fees (billions)	$	0.0		$	0.0		$	(0.0	)	$	0.0		$	0.0		$	0.0		$	0.0		$	0.0
Adjusted average loans (billions) (O)	$	10.2		$	10.0		$	9.9		$	9.6		$	9.4		$	9.2		$	9.1		$	8.8
Net interest income divided by average loans (P)		8.5	%		8.3	%		8.0	%		7.9	%		7.2	%		6.8	%		6.2	%		6.8	%
Net interest yield on Card Member loans (Q)		10.2	%		10.0	%		10.0	%		10.2	%		9.7	%		9.9	%		9.8	%		10.2	%

See Appendix IV for footnote references

-8-

American Express Company	(Preliminary)
Billed Business trend:
(8QTR Growth)
Appendix III

	Percentage Inc/(Dec) vs. prior year
	Quarters Ended
	Reported																FX-Adjusted (V)
	Dec 31,		Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,		Jun 30,		Mar 31,		Dec 31,		Sep 30,		Jun 30,		Mar 31,
	2015		2015		2015		2015		2014		2014		2014		2014		2015		2015		2015		2015		2014		2014		2014		2014
Worldwide (R)
Total Billed Business	2	%	0	%	2	%	3	%	6	%	9	%	9	%	6	%	5	%	5	%	6	%	7	%	8	%	10	%	9	%	7%
Proprietary billed business	1		0		0		2		5		8		8		5		3		3		4		5		7		9		8		6
GNS billed business (S)	3		(1)		5		7		8		16		12		10		14		13		15		16		15		17		13		15
Airline-related volume (7% of Q4'15 worldwide billed business)	(5)		(6)		(5)		(3)		1		7		6		4		(1)		0		1		2		4		7		6		5
United States (R)
Billed Business	4		4		5		6		8		9		9		6		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Proprietary consumer card billed business (T)	4		4		5		6		7		8		8		6		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Proprietary small business and corporate services billed business (U)	3		4		4		6		9		11		10		7		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
T&E-related volume (23% of Q4'15 U.S.billed business)	2		3		4		5		6		7		6		5		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Non-T&E-related volume (77% of Q4'15 U.S. billed business)	4		4		5		6		9		10		9		6		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Airline-related volume (6% of Q4'15 U.S. billed business)	(3)		(3)		(2)		0		1		5		5		3		n/a		n/a		n/a		n/a		n/a		n/a		n/a		n/a
Outside the United States (R)
Billed Business	(3)		(8)		(5)		(3)		1		9		9		6		8		7		8		8		9		11		9		10
Japan, Asia Pacific & Australia ("JAPA") billed business	5		(2)		4		6		7		16		10		7		14		13		16		16		14		16		11		15
Latin America & Canada ("LACC") billed business	(19)		(24)		(18)		(14)		(7)		1		2		(1)		(1)		(7)		(8)		(7)		3		8		9		10
Europe, Middle East & Africa ("EMEA") billed business	(4)		(5)		(9)		(9)		1		7		12		11		5		7		7		6		9		7		6		7
Proprietary consumer card billed business (S)	(8)		(15)		(14)		(12)		(5)		3		5		2		2		(1)		(1)		0		2		5		5		6
Proprietary small business and corporate services billed business (U)	(10)	%	(11)	%	(11)	%	(10)	%	(1)	%	4	%	6	%	5	%	2	%	5	%	4	%	3	%	7	%	6	%	7	%	9%

See Appendix IV for footnote references

-9-

Appendix IV	(Preliminary)
All Information in the preceding tables is presented on a basis prepared in accordance with U.S. generally accepted accounting principles (GAAP), unless otherwise indicated.

(A)	Effective December 1, 2015, the Company reclassified the Card Member loans and receivables related to its co-brand partnerships with Costco in the U.S. and Jetblue, to reflect them as held for sale (HFS) on the Consolidated Balance Sheets.  The loans were reclassified at their net carrying amount, inclusive of the related reserves for losses.  Accordingly, Card Member loans and receivables and the related credit metrics are presented excluding the HFS loans and receivables.  As of December 31, 2015, the Card Member loans and receivables HFS in USCS were $12.6 billion and nil, respectively, and in GCS were $2.3 billion and $0.1 billion, respectively.
(B)	The Company presents a net write-off rate based on principal losses only (i.e., excluding interest and/or fees) to be consistent with industry convention.  In addition, because the Company's practice is to include uncollectible interest and/or fees as part of its total provision for losses, a net write-off rate including principal, interest and/or fees is also presented.   The AXP net write-off rates and 30 days past due as a percentage of total relate to USCS, ICNS and GSBS Card Member receivables.  Beginning in January 2015, timing of charge-offs for loans in certain modification programs changed from 180 days past due to 120 days past due.
(C)	See Appendix II for calculations of net interest yield on Card Member loans, a non-GAAP measure, and net interest income divided by average loans, a GAAP measure, and the Company's rationale for presenting net interest yield on Card Member loans.
(D)	Average basic Card Member spending and average fee per card are computed from proprietary card activities only. Average fee per card is computed based on net card fees, including the amortization of deferred direct acquisition costs divided by average worldwide proprietary cards-in-force.  The average fee per card adjusted, which is a non-GAAP measure, is computed in the same manner, but excludes amortization of deferred direct acquisition costs. The amount of amortization excluded for these periods was $66 million, $72 million, $62 million and $83 million for the quarters ended December 31, September 30, June 30 and March 31, 2015, respectively, and $79 million, $77 million, $77 million and $73 million for the quarters ended December 31, September 30, June 30, and March 31, 2014, respectively. The Company presents adjusted average fee per card because the Company believes this metric presents a useful indicator of card fee pricing across a range of its proprietary card products.
(E)	International GSBS Card Member loans and associated credit metrics continue to be reported within the international consumer business, in the ICNS segment, due to certain limitations.  These loans are insignificant to both ICNS and GCS.
(F)	This calculation is designed to reflect pricing at merchants accepting general purpose American Express cards.  It represents the percentage of billed business (both proprietary and GNS) retained by the Company from merchants it acquires, prior to payments to third parties unrelated to merchant acceptance.
(G)	Includes Travel Commissions and Fees which were shown separately until Q3'15.
(H)	Represents net income, less (i) earnings allocated to participating share awards of $6 million, $10 million, $11 million and $11 million for the quarters ended December 31, September 30, June 30 and March 31, 2015, respectively, and $11 million, $11 million, $12 million and $12 million for the quarters ended December 31, September 30, June 30 and March 31, 2014, respectively, and (ii) dividends on preferred shares of $20 million, $22 million and $20 million, for the quarters ended December 31, September 30 and June 30, 2015, respectively, and nil for all other comparative periods.
(I)	Card billed business includes activities (including cash advances) related to proprietary cards, cards issued under network partnership agreements (non-proprietary billed business), and certain insurance fees charged on proprietary cards.  In-store spend activity within retail co-brand portfolios in Global Network Services (GNS), from which the Company earns no revenue, is not included in non-proprietary billed business.  Card billed business is reflected in the United States or outside the United States based on where the issuer is located.
(J)	Total cards-in-force represents the number of cards that are issued and outstanding.  Proprietary basic consumer cards-in-force includes basic cards issued to the primary account owner and does not include supplemental cards issued on that account.  Proprietary basic small business and corporate cards-in-force include basic and supplemental cards issued to employee Card Members.  Non-proprietary cards-in-force includes all cards that are issued and outstanding under network partnership agreements, except for retail co-brand Card Member accounts that have no out-of-store spend activity during the prior 12 month period.
(K)	Provisions for principal and fee reserve components.
(L)	Consists of principal, interest and/or fees, less recoveries.
(M)	Q4'15 includes $1 million for the Reserves transferred to HFS.  Beginning in Q1'14, reserves related to card-related fraud losses are reflected in Other liabilities.  All periods include foreign currency translation adjustments and other items.
(N)	Adjusted net interest income, a non-GAAP measure, represents net interest income allocated to the Company's Card Member loan portfolio excluding the impact of interest expense and interest income not attributable to the Company's Card Member loan portfolio. The Company believes adjusted net interest income is useful to investors because it is a component of net interest yield on Card Member loans.
(O)	Adjusted average loans, a non-GAAP measure, represents average Card Member loans (including loans related to the Costco and JetBlue portfolio which are classified as HFS on the Consolidated Balance Sheets), excluding the impact of deferred card fees, net of deferred direct acquisition costs of Card Member loans, and other. The Company believes adjusted average loans is useful to investors because it is a component of net interest yield on Card Member loans.
(P)	This calculation, computed on an annualized basis, includes elements of total interest income and total interest expense that are not attributable to the Card Member loan portfolio, and thus is not representative of net interest yield on Card Member loans. The calculation includes interest income and interest expense attributable to investment securities and other interest-bearing deposits as well as to Card Member loans, and interest expense attributable to other activities, including Card Member receivables.
(Q)	Net interest yield on Card Member loans, a non-GAAP measure, is computed by dividing adjusted net interest income by adjusted average loans, computed on an annualized basis.  The calculation of net interest yield on Card Member loans includes interest that is deemed uncollectible. For all presentations of net interest yield on Card Member loans, reserves and net write-offs related to uncollectible interest are recorded through provisions for losses - Card Member loans; therefore, such reserves and net write-offs are not included in the net interest yield calculation. Effective January 1, 2016, net interest yield also includes an insignificant amount of net interest income and loans related to certain non-traditional Card Member loans.  The prior periods have been revised to conform with this presentation.  The Company believes net interest yield on Card Member loans is useful to investors because it provides a measure of profitability of the Company's Card Member loan portfolio.
(R)	Captions not designated as “proprietary” or “GNS” include both proprietary and GNS data.
(S)	Included in ICNS.
(T)	Included in USCS.
(U)	Included in GCS.
(V)	FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S. dollars (e.g., assumes the foreign exchange rates used to determine results for the three months ended December 31, 2015 apply to the period(s) against which such results are being compared). Certain amounts included in the calculations of FX-adjusted revenues and expenses, which constitute non-GAAP measures, are subject to management allocations. 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.

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