v3.25.4
Parent Company (Tables)
 12 Months Ended
Dec. 31, 2025
Condensed Financial Information Disclosure [Abstract]  
Condensed statements of income and comprehensive income
TABLE 24.1: PARENT COMPANY – CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
Years Ended December 31 (Millions)
202520242023
Revenues
Non-interest revenues
Other$375 $390 $407 
Total non-interest revenues375 390 407 
Interest income1,814 1,858 1,558 
Interest expense2,031 1,869 1,436 
Total revenues net of interest expense158 379 529 
Expenses
Salaries and employee benefits512 474 487 
Other427 385 408 
Total expenses939 859 895 
Loss before income tax and equity in net income of subsidiaries
(781)(480)(366)
Income tax benefit(203)(126)(163)
Equity in net income of subsidiaries and affiliates11,411 10,483 8,577 
Net income$10,833 $10,129 $8,374 
Net unrealized pension and other postretirement benefits, net of tax(16)41 5 
Other comprehensive income (loss), net
134 (364)133 
Comprehensive income$10,951 $9,806 $8,512 
Condensed balance sheets
TABLE 24.2: PARENT COMPANY – CONDENSED BALANCE SHEETS
As of December 31 (Millions)
20252024
Assets  
Cash and cash equivalents$11,870 $7,293 
Equity in net assets of subsidiaries and affiliates33,636 30,165 
Loans to subsidiaries and affiliates31,887 28,897 
Due from subsidiaries and affiliates637 1,291 
Other assets1,107 573 
Total assets79,137 68,219 
Liabilities and Shareholders’ Equity
Liabilities
Accounts payable and other liabilities2,141 2,239 
Due to subsidiaries and affiliates735 404 
Long-term debt42,787 35,312 
Total liabilities45,663 37,955 
Shareholders’ Equity
Total shareholders’ equity33,474 30,264 
Total liabilities and shareholders’ equity$79,137 $68,219 
Condensed statements of cash flows TABLE 24.3: PARENT COMPANY – CONDENSED STATEMENTS OF CASH FLOWS
Years Ended December 31 (Millions)
202520242023
Cash Flows from Operating Activities
Net income$10,833 $10,129 $8,374 
Adjustments to reconcile net income to cash provided by operating activities:
Equity in net income of subsidiaries and affiliates(11,411)(10,483)(8,577)
Dividends received from subsidiaries7,793 8,027 5,326 
Other operating activities, primarily with subsidiaries and affiliates1,104 14 360 
Net cash provided by operating activities8,319 7,687 5,483 
Cash Flows from Investing Activities
Net increase in loans to subsidiaries and affiliates(3,014)(3,449)(2,836)
Investments in subsidiaries, net of returned capital12 (55)— 
Other investing activities(1)5 — 
Net cash used in investing activities(3,003)(3,499)(2,836)
Cash Flows from Financing Activities
Proceeds from long-term debt15,063 8,872 9,969 
Payments of long-term debt(8,000)(7,500)(5,750)
Issuance of American Express common shares 57 100 28 
Repurchase of American Express common shares and other(5,588)(6,020)(3,650)
Dividends paid(2,271)(1,999)(1,780)
Net cash used in financing activities(739)(6,547)(1,183)
Net increase (decrease) in cash and cash equivalents4,577 (2,359)1,464 
Cash and cash equivalents at beginning of year7,293 9,652 8,188 
Cash and cash equivalents at end of year$11,870 $7,293 $9,652