American Express Says Used Part Of Gain From Global Business Travel Group Stake Sale To Invest In Efficiency Initiatives, Resulting In $336M Restructuring Charge In Q3

Business Performance

We delivered strong results for the third quarter of 2026, reflecting the strength of our premium customer base, success of our product refresh strategy and power of our differentiated Membership Model. We continued to see strong Card Member spend, new card acquisitions and customer retention, and excellent credit performance. Our results for the third quarter also reflect the sale of our equity interest in Global Business Travel Group, Inc. (GBTG), which resulted in a gain of $982 million ($751 million after tax; $1.11 per share). We used a portion of the gain to invest in efficiency initiatives, resulting in a restructuring charge of $336 million ($253 million after tax; $0.37 per share) in the third quarter of 2026. Net income for the quarter was $3.7 billion, or $5.42 per share, compared with net income of $2.9 billion, or $4.14 per share, a year ago.