AMERICAN EXPRESS CO
For the period ended Dec 31, 2024. Filed Feb 7, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 7, 2025
AXP$323.46-0.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets – December 31, 2024 and 2023
| December 31 (Millions, except share data) | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | ||
| Cash and due from banks (includes restricted cash of consolidated variable interest entities: 2024, $6; 2023, nil) | $3,413 | $7,118 |
| Interest-bearing deposits in other banks | 37,006 | 39,312 |
| Short-term investment securities (includes restricted investments of consolidated variable interest entities: 2024, $82; 2023, $66) | 221 | 166 |
| Total cash and cash equivalents (includes restricted cash: 2024, $427; 2023, $514) | 40,640 | 46,596 |
| Card Member receivables (includes gross receivables available to settle obligations of a consolidated variable interest entity: 2024, $3,927; 2023, $4,587), less reserves for credit losses: 2024, $171; 2023, $174 | 59,240 | 60,237 |
| Card Member loans (includes gross loans available to settle obligations of a consolidated variable interest entity: 2024, $28,278; 2023, $28,590), less reserves for credit losses: 2024, $5,679; 2023, $5,118 | 133,995 | 120,877 |
| Card Member loans held for sale | 758 | — |
| Other loans, less reserves for credit losses: 2024, $194; 2023, $126 | 9,038 | 6,960 |
| Investment securities | 1,240 | 2,186 |
| Premises and equipment, less accumulated depreciation and amortization: 2024, $10,739; 2023, $9,911 | 5,371 | 5,138 |
| Other assets, less reserves for credit losses: 2024, $27; 2023, $27 | 21,179 | 19,114 |
| Total assets | $271,461 | $261,108 |
| Liabilities and Shareholders’ Equity | ||
| Liabilities | ||
| Customer deposits | $139,413 | $129,144 |
| Accounts payable | 13,884 | 13,109 |
| Short-term borrowings | 1,374 | 1,293 |
| Long-term debt (includes debt issued by consolidated variable interest entities: 2024, $13,880; 2023, $13,426) | 49,715 | 47,866 |
| Other liabilities | 36,811 | 41,639 |
| Total liabilities | $241,197 | $233,051 |
| Contingencies and Commitments (Note 12) | ||
| Shareholders’ Equity | ||
| Preferred shares, $1.662/3 par value, authorized 20 million shares; issued and outstanding 1,600 shares as of December 31, 2024 and 2023 (Note 16) | — | — |
| Common shares, $0.20 par value, authorized 3.6 billion shares; issued and outstanding 702 million shares as of December 31, 2024 and 723 million shares as of December 31, 2023 | 141 | 145 |
| Additional paid-in capital | 11,370 | 11,372 |
| Retained earnings | 22,148 | 19,612 |
| Accumulated other comprehensive income (loss) | (3,395) | (3,072) |
| Total shareholders’ equity | 30,264 | 28,057 |
| Total liabilities and shareholders’ equity | $271,461 | $261,108 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.