EXHIBIT 99.2

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

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YOY % change			YTD'18			YTD'17			YOY % change
Non-interest revenues
Discount revenue	$	6,194		$	5,889		$	6,060		$	5,700		$	5,743			8		$	12,083		$	11,130			9
Net card fees		844			830			785			786			771			9			1,674			1,519			10
Other fees and commissions		786			781			778			755			746			5			1,567			1,457			8
Other		349			377			345			372			379			(8	)		726			740			(2	)
Total non-interest revenues		8,173			7,877			7,968			7,613			7,639			7			16,050			14,846			8
Interest income
Interest on loans		2,387			2,326			2,205			2,131			1,950			22			4,713			3,812			24
Interest and dividends on investment securities		27			21			21			22			23			17			48			46			4
Deposits with banks and other		126			115			93			92			81			56			241			141			71
Total interest income		2,540			2,462			2,319			2,245			2,054			24			5,002			3,999			25
Interest expense
Deposits		300			270			241			213			176			70			570			325			75
Long-term debt and other		411			351			339			355			345			19			762			639			19
Total interest expense		711			621			580			568			521			36			1,332			964			38
Net interest income		1,829			1,841			1,739			1,677			1,533			19			3,670			3,035			21
Total revenues net of interest expense		10,002			9,718			9,707			9,290			9,172			9			19,720			17,881			10
Provisions for losses
Charge card		245			242			205			214			163			50			487			376			30
Card Member loans		528			499			596			531			404			31			1,027			741			39
Other		33			34			33			25			16			#			67			39			72
Total provisions for losses		806			775			834			770			583			38			1,581			1,156			37
Total revenues net of interest expense after provisions for losses		9,196			8,943			8,873			8,520			8,589			7			18,139			16,725			8

Expenses
Marketing and business development (A)		1,663			1,345			1,535			1,446			1,456			14			3,008			2,741			10
Card Member rewards		2,433			2,347			2,262			2,168			2,196			11			4,780			4,257			12
Card Member services		416			409			383			351			341			22			825			658			25
Salaries and employee benefits		1,280			1,326			1,436			1,265			1,293			(1	)		2,606			2,557			2
Professional services		508			457			534			494			511			(1	)		965			1,012			(5	)
Occupancy and equipment		484			520			493			567			484			-			1,004			958			5
Other, net (A)		321			457			432			398			351			(9	)		778			746			4
Total expenses		7,105			6,861			7,075			6,689			6,632			7			13,966			12,929			8
Pretax income		2,091			2,082			1,798			1,831			1,957			7			4,173			3,796			10
Income tax provision		468			448			3,004			472			613			(24	)		916			1,201			(24	)
Net income (loss)	$	1,623		$	1,634		$	(1,206	)	$	1,359		$	1,344			21		$	3,257		$	2,595			26
Net income (loss) attributable to common shareholders (B)	$	1,591		$	1,600		$	(1,228	)	$	1,327		$	1,314			21		$	3,191		$	2,534			26
Effective tax rate		22.4	%		21.5	%		167.1	%		25.8	%		31.3	%					22.0	%		31.6	%

Earnings Per Common Share
Basic
Net income (loss) attributable to common shareholders	$	1.85		$	1.86		$	(1.42	)	$	1.51		$	1.48			25		$	3.71		$	2.83			31
Average common shares outstanding		860			859			865			878			890			(3	)		859			895			(4	)
Diluted
Net income (loss) attributable to common shareholders	$	1.84		$	1.86		$	(1.42	)	$	1.51		$	1.47			25		$	3.70		$	2.82			31
Average common shares outstanding		862			861			865			881			893			(3	)		862			898			(4	)
Cash dividends declared per common share	$	0.35		$	0.35		$	0.35		$	0.35		$	0.32			9		$	0.70		$	0.64			9

# - Denotes a variance of more than 100 percent.

See Appendix III for footnote references

-1-

American Express Company	(Preliminary)
Consolidated Balance Sheets and Related Statistical Information
(Billions, except percentages, per share amounts and where indicated)

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YOY % change
Assets
Cash & cash equivalents	$	30		$	31		$	33		$	26		$	30			-
Card Member receivables, less reserves		54			54			54			51			49			10
Card Member Loans, less reserves		74			71			72			66			65			14
Investment securities		5			3			3			3			3			67
Other (C)		22			21			19			23			20			10
Total assets	$	185		$	180		$	181		$	169		$	167			11

Liabilities and Shareholders' Equity
Customer deposits	$	67		$	67		$	64		$	61		$	58			16
Short-term borrowings		2			2			3			2			3			(33	)
Long-term debt		56			52			56			49			52			8
Other (C)		39			39			40			36			33			18
Total liabilities		164			160			163			148			146			12

Shareholders' Equity		21			20			18			21			21			-
Total liabilities and shareholders' equity	$	185		$	180		$	181		$	169		$	167			11

Return on average equity (D)		16.7	%		15.2	%		13.2	%		22.6	%		21.7	%
Return on average common equity (D)		17.5	%		15.9	%		13.7	%		23.9	%		22.9	%
Book value per common share (dollars)	$	22.42		$	20.96		$	19.42		$	22.43		$	22.19			1

# - Denotes a variance of more than 100 percent.

See Appendix III for footnote references

-2-

American Express Company	(Preliminary)
Consolidated Capital

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17
Shares Outstanding (in millions)
Beginning of period		860			859			871			885			895
Repurchase of common shares		-			-			(14	)		(15	)		(10	)
Net impact of employee benefit plans and others		1			1			2			1			-
End of period		861			860			859			871			885

Risk-Based Capital Ratios - Basel III ($ in billions) (E)
Common Equity Tier 1/Risk Weighted Assets (RWA)		10.1	%		9.4	%		9.0	%		11.9	%		12.3	%
Tier 1		11.1	%		10.5	%		10.1	%		13.0	%		13.5	%
Total		12.8	%		12.2	%		11.8	%		14.7	%		15.2	%

Common Equity Tier 1	$	15.2		$	13.9		$	13.2		$	16.4		$	16.4
Tier 1 Capital	$	16.8		$	15.5		$	14.7		$	17.9		$	18.0
Tier 2 Capital	$	2.5		$	2.4		$	2.4		$	2.3		$	2.3
Total Capital	$	19.3		$	17.9		$	17.1		$	20.2		$	20.3
RWA	$	150.9		$	147.4		$	145.9		$	138.0		$	133.5
Tier 1 Leverage		9.7	%		8.8	%		8.6	%		10.9	%		11.0	%
Supplementary Leverage Ratio (SLR) (F)		8.3	%		7.6	%		7.4	%		9.3	%		9.4	%
Average Total Assets to calculate the Tier 1 Leverage Ratio (G)	$	172.5		$	175.0		$	171.2		$	164.6		$	164.2
Total Leverage Exposure to calculate SLR	$	202.4		$	204.4		$	198.8		$	191.7		$	190.4

See Appendix III for footnote references

-3-

American Express Company		(Preliminary)
Selected Card Related Statistical Information
(Billions, except percentages and where indicated)

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YOY % change			YTD'18			YTD'17			YOY % change
Card billed business (H)
U.S.	$	195.4		$	182.5		$	188.9		$	176.4		$	177.6			10		$	377.9		$	343.0			10
Outside the U.S.		101.1			101.3			102.5			95.5			92.0			10			202.4			178.9			13
Total	$	296.5		$	283.8		$	291.4		$	271.9		$	269.6			10		$	580.3		$	521.9			11
Proprietary	$	251.1		$	236.9		$	242.6		$	225.3		$	223.8			12		$	488.0		$	432.7			13
Global Network Services (GNS)		45.4			46.9			48.8			46.6			45.8			(1	)		92.3			89.2			3
Total	$	296.5		$	283.8		$	291.4		$	271.9		$	269.6			10		$	580.3		$	521.9			11
Cards-in-force (millions) (I)
U.S.		51.9			51.3			50.0			49.5			48.9			6			51.9			48.9			6
Outside the U.S.		62.4			62.9			62.8			63.4			63.3			(1	)		62.4			63.3			(1	)
Total		114.3			114.2			112.8			112.9			112.2			2			114.3			112.2			2
Proprietary		67.4			66.4			64.6			63.9			63.0			7			67.4			63.0			7
GNS		46.9			47.8			48.2			49.0			49.2			(5	)		46.9			49.2			(5	)
Total		114.3			114.2			112.8			112.9			112.2			2			114.3			112.2			2
Basic cards-in-force (millions) (I)
U.S.		40.9			40.4			39.4			39.0			38.6			6			40.9			38.6			6
Outside the U.S.		52.0			52.4			52.2			52.7			52.6			(1	)		52.0			52.6			(1	)
Total		92.9			92.8			91.6			91.7			91.2			2			92.9			91.2			2
Average proprietary basic Card Member spending (dollars)
U.S.	$	5,275		$	5,015		$	5,300		$	5,018		$	5,128			3		$	10,294		$	9,989			3
Outside the U.S.	$	3,909		$	3,869		$	3,918		$	3,598		$	3,468			13		$	7,781		$	6,752			15
Average	$	4,871		$	4,677		$	4,890		$	4,596		$	4,633			5		$	9,551		$	9,022			6
Card Member loans
U.S.	$	66.3		$	63.9		$	64.5		$	59.9		$	58.5			13		$	66.3		$	58.5			13
Outside the U.S.		9.1			8.9			8.9			8.0			7.5			21			9.1			7.5			21
Total	$	75.4		$	72.8		$	73.4		$	67.9		$	66.0			14		$	75.4		$	66.0			14

Average discount rate (J)		2.37	%		2.37	%		2.37	%		2.40	%		2.42	%					2.37	%		2.42	%
Average fee per card (dollars) (K)	$	51		$	51		$	49		$	49		$	49			4		$	51		$	49			4

# - Denotes a variance of 100 percent or more.

See Appendix III for footnote references

-4-

American Express Company	(Preliminary)
Selected Credit Related Statistical Information
(Billions, except percentages and where indicated)

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YOY % change		YTD'18			YTD'17			YOY % change
Worldwide Card Member loans
Total loans	$	75.4		$	72.8		$	73.4		$	67.9		$	66.0			14	$	75.4		$	66.0			14
Loss reserves (millions):
Beginning balance	$	1,786		$	1,706		$	1,502		$	1,320		$	1,248			43	$	1,706		$	1,223			39
Provisions - principal, interest and fees		528			499			596			531			404			31		1,027			741			39
Net write-offs - principal less recoveries		(389	)		(358	)		(325	)		(299	)		(285	)		36		(747	)		(557	)		34
Net write-offs - interest and fees less recoveries		(77	)		(71	)		(64	)		(57	)		(55	)		40		(148	)		(106	)		40
Other (L)		(8	)		10			(3	)		7			8			#		2			19			(89	)
Ending balance	$	1,840		$	1,786		$	1,706		$	1,502		$	1,320			39	$	1,840		$	1,320			39
Ending reserves - principal	$	1,737		$	1,691		$	1,622		$	1,427		$	1,247			39	$	1,737		$	1,247			39
Ending reserves - interest and fees	$	103		$	95		$	84		$	75		$	73			41	$	103		$	73			41
% of loans		2.4	%		2.5	%		2.3	%		2.2	%		2.0	%				2.4	%		2.0	%
% of past due		188	%		174	%		177	%		174	%		167	%				188	%		167	%
Average loans	$	74.1		$	72.7		$	70.1		$	67.1		$	65.1			14	$	73.5		$	64.6			14
Net write-off rate (principal only) (M)		2.1	%		2.0	%		1.8	%		1.8	%		1.8	%				2.0	%		1.7	%
Net write-off rate (principal, interest and fees) (M)		2.5	%		2.4	%		2.2	%		2.1	%		2.1	%				2.4	%		2.1	%
30+ days past due loans as a % of total		1.3	%		1.4	%		1.3	%		1.3	%		1.2	%				1.3	%		1.2	%

Net interest income divided by average Card Member loans (N)		9.9	%		10.1	%		9.9	%		10.0	%		9.4	%				10.0	%		9.4	%
Net interest yield on average Card Member loans (N)		10.6	%		10.8	%		10.5	%		10.7	%		10.3	%				10.6	%		10.3	%

Worldwide Card Member receivables
Total receivables	$	55.0		$	54.2		$	54.0		$	51.5		$	49.4			11	$	55.0		$	49.4			11
Loss reserves (millions):
Beginning balance	$	565		$	521		$	512		$	475		$	491			15	$	521		$	467			12
Provisions - principal and fees		245			242			205			214			163			50		487			376			30
Net write-offs - principal and fees less recoveries		(236	)		(199	)		(188	)		(175	)		(179	)		32		(435	)		(373	)		17
Other (L)		(16	)		1			(8	)		(2	)		-			-		(15	)		5			#
Ending balance	$	558		$	565		$	521		$	512		$	475			17	$	558		$	475			17
% of receivables		1.0	%		1.0	%		1.0	%		1.0	%		1.0	%				1.0	%		1.0	%
Net write-off rate, excluding Global Corporate Payments (GCP) (principal only) (M)		1.8	%		1.6	%		1.5	%		1.5	%		1.5	%				1.7	%		1.6	%
Net write-off rate, excluding GCP (principal and fees) (M)		2.1	%		1.8	%		1.6	%		1.7	%		1.7	%				1.9	%		1.8	%
30+ days past due as a % of total, excluding GCP		1.3	%		1.5	%		1.4	%		1.3	%		1.3	%				1.3	%		1.3	%
GCP Net loss ratio (as a % of charge volume) (O)		0.12	%		0.10	%		0.11	%		0.09	%		0.10	%				0.11	%		0.10	%
GCP 90+ days past billing as a % of total (O)		0.8	%		0.8	%		0.9	%		0.9	%		0.8	%				0.8	%		0.8	%

# - Denotes a variance of 100 percent or more.

See Appendix III for footnote references

-5-

American Express Company
Selected Income Statement Information by Segment
(Millions)

	Global Consumer Services Group			Global Commercial Services			Global Merchant and Network Services			Corporate and Other			Consolidated
	(GCSG)			(GCS)			(GMNS)
Q2'18
Non-interest revenues	$	3,678		$	2,977		$	1,513		$	5		$	8,173
Interest income		1,994			393			7			146			2,540
Interest expense		370			204			(68	)		205			711
Total revenues net of interest expense		5,302			3,166			1,588			(54	)		10,002
Total provision		565			235			6			-			806
Total revenues net of interest expense after provisions for losses		4,737			2,931			1,582			(54	)		9,196
Marketing, business development, rewards, Card Member services		2,695			1,482			312			23			4,512
Salaries and employee benefits, and other operating expenses		1,081			734			526			252			2,593
Pretax income (loss)		961			715			744			(329	)		2,091
Income tax provision (benefit)		191			151			201			(75	)		468
Net income (loss)		770			564			543			(254	)		1,623
Q2'17
Non-interest revenues	$	3,345		$	2,738		$	1,518		$	38		$	7,639
Interest income		1,616			334			9			95			2,054
Interest expense		247			145			(47	)		176			521
Total revenues net of interest expense		4,714			2,927			1,574			(43	)		9,172
Total provision		428			152			1			2			583
Total revenues net of interest expense after provisions for losses		4,286			2,775			1,573			(45	)		8,589
Marketing, business development, rewards, Card Member services		2,322			1,347			314			10			3,993
Salaries and employee benefits, and other operating expenses		1,066			692			515			366			2,639
Pretax income (loss)		898			736			744			(421	)		1,957
Income tax provision (benefit)		283			259			268			(197	)		613
Net income (loss)		615			477			476			(224	)		1,344
YOY % change
Non-interest revenues		10			9			-			(87	)		7
Interest income		23			18			(22	)		54			24
Interest expense		50			41			45			16			36
Total revenues net of interest expense		12			8			1			26			9
Total provision		32			55			#			#			38
Total revenues net of interest expense after provisions for losses		11			6			1			20			7
Marketing, business development, rewards, Card Member services		16			10			(1	)		#			13
Salaries and employee benefits, and other operating expenses		1			6			2			(31	)		(2	)
Pretax income (loss)		7			(3	)		-			(22	)		7
Income tax provision (benefit)		(33	)		(42	)		(25	)		(62	)		(24	)
Net income (loss)		25			18			14			13			21

# - Denotes a variance of 100 percent or more.

See Appendix III for footnote references

-6-

American Express Company	(Preliminary)
Billed Business Growth Trend

	YOY % change
	Reported															FX-Adjusted (P)															Reported			FX-Adjusted (P)
	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YTD'18			YTD'18
Worldwide (Q)
Billed Business		10	%		12	%		11	%		8	%		-			9	%		10	%		9	%		8	%		1	%		11	%		10	%
Proprietary billed business		12			13			11			9			(1	)		12			11			10			9			-			13			12
GNS billed business		(1	)		8			9			4			5			(3	)		3			6			4			5			3			-
Airline-related volume (8% of Q2'18 worldwide billed business)		8			10			7			5			1			7			6			4			3			1			9			6

U.S. (Q)
Billed Business		10			10			8			7			(4	)		n/a			n/a			n/a			n/a			n/a			10			n/a
Proprietary consumer billed business		10			11			8			7			(9	)		n/a			n/a			n/a			n/a			n/a			11			n/a
Proprietary commercial billed business		10			10			9			9			4			n/a			n/a			n/a			n/a			n/a			10			n/a
T&E-related volume (26% of Q2'18 U.S. billed business)		8			8			6			3			(3	)		n/a			n/a			n/a			n/a			n/a			8			n/a
Non-T&E-related volume (74% of Q2'18 U.S. billed business)		10			11			9			8			(4	)		n/a			n/a			n/a			n/a			n/a			11			n/a
Airline-related volume (7% of Q2'18 U.S. billed business)		7			7			5			2			(1	)		n/a			n/a			n/a			n/a			n/a			7			n/a

Outside the U.S. (Q)
Billed Business		10			17			15			10			9			8			9			10			9			11			13			9
Japan, Asia Pacific & Australia billed business		9			16			15			8			12			7			10			11			9			13			13			8
Latin America & Canada billed business		5			12			11			10			8			11			11			8			8			9			6			12
Europe, Middle East & Africa billed business		14			20			19			13			7			9			7			10			10			10			17			8
Proprietary consumer billed business		20			25			20			15			9			18			16			14			13			12			23			17
Proprietary commercial billed business		19			23			19			14			8			18			14			13			11			10			21			16

See Appendix III for footnote references

-7-

Global Consumer Services Group		(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YOY % change			YTD'18			YTD'17			YOY % change
Non-interest revenues	$	3,678		$	3,491		$	3,535		$	3,361		$	3,345			10		$	7,169		$	6,482			11
Interest income		1,994			1,949			1,848			1,781			1,616			23			3,943			3,160			25
Interest expense		370			327			306			281			247			50			697			460			52
Net interest income		1,624			1,622			1,542			1,500			1,369			19			3,246			2,700			20
Total revenues net of interest expense		5,302			5,113			5,077			4,861			4,714			12			10,415			9,182			13
Provisions for losses		565			530			641			568			428			32			1,095			787			39
Total revenues net of interest expense after provisions for losses		4,737			4,583			4,436			4,293			4,286			11			9,320			8,395			11
Expenses
Marketing, business development, rewards, Card Member services		2,695			2,446			2,479			2,351			2,322			16			5,141			4,403			17
Salaries and employee benefits and other operating expenses		1,081			1,089			1,100			1,026			1,066			1			2,170			2,120			2
Total expenses		3,776			3,535			3,579			3,377			3,388			11			7,311			6,523			12
Pretax segment income		961			1,048			857			916			898			7			2,009			1,872			7
Income tax provision		191			222			233			236			283			(33	)		413			584			(29	)
Segment income	$	770		$	826		$	624		$	680		$	615			25		$	1,596		$	1,288			24
Effective tax rate		19.9	%		21.2	%		27.2	%		25.8	%		31.5	%					20.6	%		31.2	%

(Billions, except percentages and where indicated)
Proprietary card billed business (H)
U.S.	$	93.6		$	86.0		$	91.0		$	83.7		$	84.8			10		$	179.6		$	162.2			11
Outside the U.S.	$	34.6		$	33.3		$	33.8		$	30.5		$	28.8			20		$	67.9		$	55.5			22
Total	$	128.2		$	119.3		$	124.8		$	114.2		$	113.6			13		$	247.5		$	217.7			14
Proprietary cards-in-force (millions) (I)
U.S.		36.7			36.1			34.9			34.4			33.8			9			36.7			33.8			9
Outside the U.S.		16.5			16.2			15.8			15.7			15.5			6			16.5			15.5			6
Total		53.2			52.3			50.7			50.1			49.3			8			53.2			49.3			8
Proprietary basic cards-in-force (millions) (I)
U.S.		26.2			25.8			25.0			24.6			24.2			8			26.2			24.2			8
Outside the U.S.		11.4			11.2			10.9			10.8			10.7			7			11.4			10.7			7
Total		37.6			37.0			35.9			35.4			34.9			8			37.6			34.9			8
Average proprietary basic Card Member spending (dollars)
U.S	$	3,594		$	3,371		$	3,672		$	3,433		$	3,538			2		$	6,969		$	6,837			2
Outside the U.S.	$	3,057		$	3,001		$	3,106		$	2,840		$	2,726			12		$	6,060		$	5,269			15
Average	$	3,431		$	3,259		$	3,499		$	3,251		$	3,289			4		$	6,693		$	6,355			5

Segment assets (R)	$	126.8		$	120.8		$	123.5		$	117.8		$	112.7			13		$	126.8		$	112.7			13

Card Member loans
Total loans
U.S.	$	54.7		$	52.7		$	53.7		$	49.3		$	48.3			13		$	54.7		$	48.3			13
Outside the U.S.	$	8.8		$	8.6		$	8.6		$	7.8		$	7.3			21		$	8.8		$	7.3			21
Total	$	63.5		$	61.3		$	62.3		$	57.1		$	55.6			14		$	63.5		$	55.6			14

Average loans
U.S.	$	53.7		$	52.9		$	51.1		$	49.0		$	47.7			13		$	53.4		$	47.6			12
Outside the U.S.	$	8.8		$	8.7		$	8.1		$	7.5		$	7.1			24		$	8.8		$	7.0			26
Total	$	62.5		$	61.6		$	59.2		$	56.5		$	54.8			14		$	62.2		$	54.6			14

Lending Credit Metrics
U.S.
Net write-off rate (principal only) (M)		2.2	%		2.0	%		1.9	%		1.8	%		1.8	%					2.1	%		1.7	%
Net write-off rate (principal, interest and fees) (M)		2.6	%		2.4	%		2.2	%		2.1	%		2.1	%					2.5	%		2.0	%
30+ days past due loans as a % of total		1.3	%		1.4	%		1.3	%		1.3	%		1.1	%					1.3	%		1.1	%
Outside the U.S.
Net write-off rate (principal only) (M)		2.1	%		2.1	%		2.0	%		2.2	%		2.0	%					2.1	%		2.0	%
Net write-off rate (principal, interest and fees) (M)		2.6	%		2.6	%		2.4	%		2.7	%		2.5	%					2.6	%		2.5	%
30+ days past due loans as a % of total		1.5	%		1.6	%		1.4	%		1.6	%		1.7	%					1.5	%		1.7	%
Total
Net write-off rate (principal only) (M)		2.2	%		2.0	%		1.9	%		1.8	%		1.8	%					2.1	%		1.8	%
Net write-off rate (principal, interest and fees) (M)		2.6	%		2.4	%		2.3	%		2.2	%		2.1	%					2.5	%		2.1	%
30+ days past due loans as a % of total		1.3	%		1.4	%		1.3	%		1.3	%		1.2	%					1.3	%		1.2	%

Net interest income divided by average Card Member loans (N)		10.4	%		10.5	%		10.4	%		10.6	%		10.0	%					10.5	%		9.9	%
Net interest yield on average Card Member loans (N)
U.S.		10.6	%		10.7	%		10.5	%		10.6	%		10.1	%					10.7	%		10.0	%
Outside the U.S.		10.5	%		11.0	%		10.8	%		11.6	%		11.2	%					10.7	%		11.1	%
Total		10.6	%		10.8	%		10.5	%		10.7	%		10.2	%					10.7	%		10.2	%

Card Member receivables
U.S.	$	12.0		$	11.7		$	13.1		$	11.2		$	11.3			6		$	12.0		$	11.3			6
Outside the U.S.	$	7.0		$	7.0		$	7.8		$	6.5		$	6.0			17		$	7.0		$	6.0			17
Total receivables	$	19.0		$	18.7		$	20.9		$	17.7		$	17.3			10		$	19.0		$	17.3			10

Charge Credit Metrics
U.S.
Net write-off rate (principal only) (M)		1.4	%		1.3	%		1.3	%		1.2	%		1.2	%					1.4	%		1.4	%
Net write-off rate (principal and fees) (M)		1.5	%		1.5	%		1.4	%		1.3	%		1.4	%					1.5	%		1.5	%
30+ days past due as a % of total		1.1	%		1.3	%		1.1	%		1.2	%		1.1	%					1.1	%		1.1	%
Outside the U.S.
Net write-off rate (principal only) (M)		2.1	%		2.0	%		1.8	%		2.2	%		1.9	%					2.1	%		2.0	%
Net write-off rate (principal and fees) (M)		2.3	%		2.2	%		1.9	%		2.4	%		2.0	%					2.2	%		2.2	%
30+ days past due as a % of total		1.4	%		1.5	%		1.3	%		1.4	%		1.4	%					1.4	%		1.4	%
Total
Net write-off rate (principal only) (M)		1.7	%		1.6	%		1.5	%		1.5	%		1.5	%					1.6	%		1.6	%
Net write-off rate (principal and fees) (M)		1.8	%		1.7	%		1.6	%		1.7	%		1.6	%					1.8	%		1.8	%
30+ days past due as a % of total		1.2	%		1.4	%		1.2	%		1.3	%		1.2	%					1.2	%		1.2	%

# - Denotes a variance of 100 percent or more.

See Appendix III for footnote references

-8-

Global Commercial Services		(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YOY % change			YTD'18			YTD'17			YOY % change
Non-interest revenues	$	2,977		$	2,838		$	2,866		$	2,734		$	2,738			9		$	5,815		$	5,342			9
Interest income		393			377			357			351			334			18			770			653			18
Interest expense		204			171			168			159			145			41			375			268			40
Net interest income		189			206			189			192			189			-			395			385			3
Total revenues net of interest expense		3,166			3,044			3,055			2,926			2,927			8			6,210			5,727			8
Provisions for losses		235			240			187			195			152			55			475			361			32
Total revenues net of interest expense after provisions for losses		2,931			2,804			2,868			2,731			2,775			6			5,735			5,366			7
Expenses (R)
Marketing, business development, rewards, Card Member services		1,482			1,374			1,362			1,312			1,347			10			2,856			2,637			8
Salaries and employee benefits and other operating expenses		734			722			743			685			692			6			1,456			1,383			5
Total expenses		2,216			2,096			2,105			1,997			2,039			9			4,312			4,020			7
Pretax segment income		715			708			763			734			736			(3	)		1,423			1,346			6
Income tax provision		151			162			221			229			259			(42	)		313			464			(33	)
Segment income	$	564		$	546		$	542		$	505		$	477			18		$	1,110		$	882			26
Effective tax rate		21.1	%		22.9	%		29.0	%		31.2	%		35.2	%					22.0	%		34.5	%

(Billions, except percentages and where indicated)
Proprietary card billed business (H)	$	122.0		$	115.7		$	116.6		$	109.7		$	109.0			12		$	237.7		$	211.9			12
Proprietary cards-in-force (millions) (I)		14.3			14.1			14.0			13.9			13.8			4			14.3			13.8			4
Average Card Member spending (dollars)	$	8,592		$	8,233		$	8,356		$	7,907		$	7,920			8		$	16,828		$	15,455			9

Segment assets (R)	$	52.9		$	52.1		$	49.1		$	49.3		$	47.3			12		$	52.9		$	47.3			12
Card Member loans	$	11.9		$	11.5		$	11.1		$	10.7		$	10.4			14		$	11.9		$	10.4			14
Card Member receivables	$	36.0		$	35.5		$	33.1		$	33.8		$	32.1			12		$	36.0		$	32.1			12

Card Member loans (S)
Total loans - Global Small Business Services (GSBS)	$	11.8		$	11.4		$	11.0		$	10.7		$	10.3			15		$	11.8		$	10.3			15
30+ days past due as a % of total - GSBS		1.2	%		1.3	%		1.2	%		1.1	%		1.1	%					1.2	%		1.1	%
Average loans - GSBS	$	11.6		$	11.1		$	10.9		$	10.5		$	10.1			15		$	11.4		$	9.8			16
Net write-off rate (principal only) - GSBS (M)		1.8	%		1.6	%		1.6	%		1.6	%		1.5	%					1.7	%		1.5	%
Net write-off rate (principal, interest and fees) - GSBS (M)		2.1	%		1.9	%		1.9	%		1.9	%		1.8	%					2.0	%		1.8	%

Net interest income divided by average Card Member loans (N)		6.5	%		7.4	%		6.9	%		7.3	%		7.4	%					6.9	%		7.7	%
Net interest yield on average Card Member loans (N)		10.4	%		10.7	%		10.5	%		10.7	%		10.8	%					10.6	%		10.9	%

Card Member receivables
Total receivables - GCP (O)	$	19.3		$	19.3		$	17.0		$	17.9		$	16.9			14		$	19.3		$	16.9			14
90+ days past billing as a % of total - GCP (O)		0.8	%		0.8	%		0.9	%		0.9	%		0.8	%					0.8	%		0.8	%
Net loss ratio (as a % of charge volume) - GCP		0.12	%		0.10	%		0.11	%		0.09	%		0.10	%					0.11	%		0.10	%
Total receivables - GSBS	$	16.7		$	16.2		$	16.1		$	15.9		$	15.2			10		$	16.7		$	15.2			10
30+ days past due as a % of total - GSBS		1.4	%		1.8	%		1.6	%		1.4	%		1.4	%					1.4	%		1.4	%
Net write-off rate (principal only) - GSBS (M)		2.1	%		1.7	%		1.5	%		1.5	%		1.6	%					1.9	%		1.7	%
Net write-off rate (principal and fees) - GSBS (M)		2.3	%		1.9	%		1.7	%		1.7	%		1.8	%					2.1	%		1.9	%

# - Denotes a variance of 100 percent or more.

See Appendix III for footnote references

-9-

Global Merchant and Network Services

(Preliminary)

Selected Income Statement and Statistical Information

(Millions, except percentages)

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YOY % change			YTD'18			YTD'17			YOY % change
Non-interest revenues	$	1,513		$	1,532		$	1,554		$	1,491		$	1,518			-		$	3,045		$	2,980			2
Interest income		7			9			10			8			9			(22	)		16			24			(33	)
Interest expense		(68	)		(59	)		(55	)		(48	)		(47	)		45			(127	)		(85	)		49
Net interest income		75			68			65			56			56			34			143			109			31
Total revenues net of interest expense		1,588			1,600			1,619			1,547			1,574			1			3,188			3,089			3
Provisions for losses		6			5			4			9			1			#			11			3			#
Total revenues net of interest expense after provisions for losses		1,582			1,595			1,615			1,538			1,573			1			3,177			3,086			3
Expenses
Marketing, business development, rewards, Card Member services		312			267			332			292			314			(1	)		579			603			(4	)
Salaries and employee benefits and other operating expenses		526			620			617			685			515			2			1,146			1,065			8
Total expenses		838			887			949			977			829			1			1,725			1,668			3
Pretax segment income		744			708			666			561			744			-			1,452			1,418			2
Income tax provision		201			192			207			141			268			(25	)		393			509			(23	)
Segment income	$	543		$	516		$	459		$	420		$	476			14		$	1,059		$	909			17
Effective tax rate		27.0	%		27.1	%		31.1	%		25.1	%		36.0	%					27.1	%		35.9	%

(Billions)
Segment assets (R)	$	31.3		$	31.0		$	30.6		$	27.9		$	26.8			17		$	31.3		$	26.8			17

# - Denotes a variance of 100 percent or more.

See Appendix III for footnote references

-10-

American Express Company	(Preliminary)
Appendix I
Components of Return on Average Equity (ROE) and Return on Average Common Equity (ROCE)
(Millions, except percentages)

	For the Twelve Months Ended
	Jun 30,			Mar 31,			Dec 31,			Sep 30,			Jun 30,
	2018			2018			2017			2017			2017
ROE
Net income	$	3,410		$	3,131		$	2,748		$	4,763		$	4,546
Average shareholders' equity	$	20,393		$	20,536		$	20,857		$	21,038		$	20,946
Return on average equity (D)		16.7	%		15.2	%		13.2	%		22.6	%		21.7	%

Reconciliation of ROCE
Net income	$	3,410		$	3,131		$	2,748		$	4,763		$	4,546
Preferred shares dividends and related accretion		82			81			81			80			80
Earnings allocated to participating share awards and other		38			37			21			38			36
Net income attributable to common shareholders	$	3,290		$	3,013		$	2,646		$	4,645		$	4,430

Average shareholders' equity	$	20,393		$	20,536		$	20,857		$	21,038		$	20,946
Average preferred shares		1,584			1,584			1,584			1,584			1,584
Average common shareholders' equity	$	18,809		$	18,952		$	19,273		$	19,454		$	19,362
Return on average common equity (D)		17.5	%		15.9	%		13.7	%		23.9	%		22.9	%

See Appendix III for footnote references

-11-

American Express Company

(Preliminary)

Appendix II

Net Interest Yield on Average Card Member Loans

(Millions, except percentages and where indicated)

	Q2'18			Q1'18			Q4'17			Q3'17			Q2'17			YTD'18			YTD'17
Consolidated
Net interest income	$	1,829		$	1,841		$	1,739		$	1,677		$	1,533		$	3,670		$	3,035
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio (T)		359			302			297			309			295			661			542
Interest income not attributable to the Company's Card Member loan portfolio (U)		(236	)		(213	)		(177	)		(174	)		(156	)		(449	)		(287	)
Adjusted net interest income (V)	$	1,952		$	1,930		$	1,859		$	1,812		$	1,672		$	3,882		$	3,290
Average Card Member loans (billions)	$	74.1		$	72.7		$	70.1		$	67.1		$	65.1		$	73.5		$	64.6
Net interest income divided by average Card Member loans (W)		9.9	%		10.1	%		9.9	%		10.0	%		9.4	%		10.0	%		9.4	%
Net interest yield on average Card Member loans (X)		10.6	%		10.8	%		10.5	%		10.7	%		10.3	%		10.6	%		10.3	%

U.S.
Net interest income	$	1,410		$	1,403		$	1,337		$	1,293		$	1,182		$	2,813		$	2,331
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio (T)		53		$	37		$	45		$	44		$	41			90			75
Interest income not attributable to the Company's Card Member loan portfolio (U)		(42	)		(39	)		(31	)		(29	)		(23	)		(81	)		(41	)
Adjusted net interest income (V)	$	1,421		$	1,401		$	1,351		$	1,308		$	1,200		$	2,822		$	2,365
Average Card Member loans (billions)	$	53.7		$	52.9		$	51.1		$	49.0		$	47.7		$	53.4		$	47.6
Net interest income divided by average Card Member loans (W)		10.5	%		10.6	%		10.5	%		10.6	%		9.9	%		10.5	%		9.8	%
Net interest yield on average Card Member loans (X)		10.6	%		10.7	%		10.5	%		10.6	%		10.1	%		10.7	%		10.0	%

Outside the U.S.
Net interest income	$	215		$	218		$	205		$	206		$	187		$	433		$	370
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio (T)		16			18			17			16			12			34			21
Interest income not attributable to the Company's Card Member loan portfolio (U)		(2	)		(3	)		(1	)		(3	)		(2	)		(5	)		(5	)
Adjusted net interest income (V)	$	229		$	233		$	221		$	219		$	197		$	462		$	386
Average Card Member loans (billions)	$	8.8		$	8.6		$	8.1		$	7.5		$	7.1		$	8.7		$	7.0
Net interest income divided by average Card Member loans (W)		9.8	%		10.1	%		10.1	%		11.0	%		10.5	%		10.0	%		10.6	%
Net interest yield on average Card Member loans (X)		10.5	%		11.0	%		10.8	%		11.6	%		11.2	%		10.7	%		11.1	%

Global Consumer Services Group
Net interest income	$	1,624		$	1,622		$	1,542		$	1,499		$	1,369		$	3,246		$	2,700
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio (T)		70		$	54		$	62		$	60		$	53			124			96
Interest income not attributable to the Company's Card Member loan portfolio (U)		(45	)		(41	)		(32	)		(32	)		(25	)		(86	)		(45	)
Adjusted net interest income (V)	$	1,649		$	1,635		$	1,572		$	1,527		$	1,397		$	3,284		$	2,751
Average Card Member loans (billions)	$	62.5		$	61.6		$	59.2		$	56.5		$	54.8		$	62.1		$	54.6
Net interest income divided by average Card Member loans (W)		10.4	%		10.5	%		10.4	%		10.6	%		10.0	%		10.5	%		9.9	%
Net interest yield on average Card Member loans (X)		10.6	%		10.8	%		10.5	%		10.7	%		10.2	%		10.7	%		10.2	%

Global Commercial Services
Net interest income	$	189		$	206		$	189		$	192		$	189		$	395		$	385
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio (T)		152			126			128			122			114			278			210
Interest income not attributable to the Company's Card Member loan portfolio (U)		(38	)		(37	)		(30	)		(29	)		(28	)		(75	)		(56	)
Adjusted net interest income (V)	$	303		$	295		$	287		$	285		$	275		$	598		$	539
Average Card Member loans (billions)	$	11.7		$	11.2		$	10.9		$	10.5		$	10.2		$	11.4		$	10.0
Net interest income divided by average Card Member loans (W)		6.5	%		7.4	%		6.9	%		7.3	%		7.4	%		6.9	%		7.7	%
Net interest yield on average Card Member loans (X)		10.4	%		10.7	%		10.5	%		10.7	%		10.8	%		10.6	%		10.9	%

See Appendix III for footnote references

-12-

Appendix III

(Preliminary)

All Information in the preceding tables is presented on a basis prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), unless otherwise indicated. Certain reclassifications of prior period amounts have been made to conform to the current period presentation.

(A)		Effective January 1, 2018, includes reclassification of certain business development expenses from Other expenses to Marketing and business development that are not directly attributable to the adoption of the new revenue recognition guidance. Prior periods have been conformed to the current period presentation.
(B)		Represents net income (loss), less (i) earnings allocated to participating share awards of $12 million, $13 million, $2 million, $11 million and $11 million in Q2'18, Q1'18, Q4'17, Q3'17 and Q2'17, respectively; and (ii) dividends on preferred shares of $20 million, $21 million, $20 million, $21 million and $19 million in Q2'18, Q1'18, Q4'17, Q3'17 and Q2'17, respectively.
(C)		Within assets, "other" includes the following items as presented in the Company’s Consolidated Balance Sheets: Other receivables, Other loans (including merchant financing loans), Premises and equipment and Other assets; and within liabilities, "other" includes the following items: Travelers Cheques and other prepaid products, Accounts payable and Other liabilities.
(D)		Return on average equity and return on average common equity are calculated by dividing one year period net income/net income attributable to common shareholders by one year average total shareholders’ equity/average common shareholders' equity, respectively. Refer to Appendix I for components of return on average equity and return on average common equity.
(E)		Effective January 1, 2018, we have exited transitional Basel III reporting and our ratios exclude all transitional provisions. Current ratios represent preliminary estimates as of the date of Second Quarter 2018 Earnings Release and may be revised in the Company’s 2018 Form 10-Q for period ended June 30, 2018.
(F)		Supplementary Leverage Ratio is calculated by dividing Tier 1 capital by total leverage exposure under Basel III. Leverage exposure, which reflects average total consolidated assets with adjustments for Tier 1 capital deductions, average off-balance sheet derivatives exposures, securities purchased under agreements to resell and credit equivalents of undrawn commitments that are both conditionally and unconditionally cancellable.
(G)		Presented for the purpose of calculating the Tier 1 Leverage Ratio.
(H)		Billed business represents transaction volumes (including cash advances) on cards and other payment products issued by American Express (proprietary card billed business) and cards issued under network partnership agreements with banks and other institutions, including joint ventures (GNS card billed business). In-store spending activity within GNS retail cobrand portfolios, from which we earn no revenue, is not included in billed business. Billed business is reported as United States or outside the United States based on the location of the issuer.
(I)		Cards-in-force represents the number of cards that are issued and outstanding by American Express (proprietary cards-in-force) and cards issued and outstanding under network partnership agreements with banks and other institutions, including joint ventures (GNS cards-in-force) except for GNS retail cobrand cards that have no out of store spend activity during the prior 12 months. Basic cards-in-force excludes supplemental cards issued on consumer accounts.
(J)		This calculation is generally designed to reflect the average pricing at all merchants accepting American Express cards and represents the percentage of proprietary and GNS billed business retained by the Company from merchants it acquires, or from merchants acquired by third parties on its behalf, net of amounts retained by such third parties. Effective January 1, 2018, the Company began including billed business related to certain business-to-business products in the calculation of the average discount rate to reflect our expanding business-to-business product offerings. Prior periods have been conformed to the current period presentation.
(K)		Average fee per card is computed based on proprietary basic net card fees divided by average proprietary basic cards-in-force.
(L)		Other includes foreign currency impact on balance sheet re-measurement and translation.
(M)		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, as 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.
(N)		See Appendix II for calculations of net interest yield on average Card Member loans, a non-GAAP measure, and net interest income divided by average Card Member loans, a GAAP measure, and the Company's rationale for presenting net interest yield on average Card Member loans (refer to Footnotes "W" and "X").
(O)		GCP reflects global, large and middle market corporate accounts. GCP delinquency data for periods other than 90 days past billing is not available due to system constraints.
(P)		FX-adjusted information assumes a constant exchange rate between the periods being compared for purposes of currency translation into U.S. dollars (i.e., assumes the foreign exchange rates used to determine results for Q2'18 apply to the period(s) against which such results are being compared). 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.
(Q)		Captions not designated as “proprietary” or “GNS” include both proprietary and GNS data.
(R)		Includes changes in certain corporate allocations that are not directly attributable to our new segment structure.
(S)		Effective Q3'17, GSBS loans and associated metrics reflect worldwide small business services loans. Prior to Q3'17, due to certain system limitations, small business services loans outside the U.S. and associated credit metrics are reflected within GCSG, and were not significant to either GCSG or GCS.
(T)		Primarily represents interest expense attributable to maintaining our corporate liquidity pool and funding Card Member receivables.
(U)		Primarily represents interest income attributable to Other loans, interest-bearing deposits and the fixed income investment portfolios.
(V)		Adjusted net interest income is a non-GAAP measure that represents net interest income attributable to our Card Member loans (which includes, on a GAAP basis, interest that is deemed uncollectible), excluding the impact of interest expense and interest income not attributable to our Card Member loans. The Company believes adjusted net interest income is useful to investors because it represents the interest expense and interest income attributable to our Card Member loan portfolio and is a component of net interest yield on average Card Member loans, which provides a measure of profitability of our Card Member loan portfolio.
(W)		Net interest income divided by average Card Member loans, computed on an annualized basis, a GAAP measure, 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 average Card Member loans.
(X)		Net interest yield on average Card Member loans is a non-GAAP measure that is computed by dividing adjusted net interest income by average Card Member loans. The Company believes that net interest yield on average Card Member loans is useful to investors because it provides a measure of profitability of the Company's Card Member loan portfolio.