American Express reported a $3.7 billion third-quarter profit

American Express said third-quarter net income was $3.7 billion, or $5.42 a share, compared with $2.9 billion, or $4.14 a share, a year earlier, in its quarterly report for the period ended Sept. 30, 2026. The income statement in that filing shows net income of $3,712 million, against $2,902 million, and diluted earnings per common share of $5.42, against $4.14. The company reported the quarter in an Oct. 23 current report. The figures below are what the company says in the quarterly report.

The same section says the sale of the company’s equity interest in Global Business Travel Group produced a gain of $982 million, or $751 million after tax, equal to $1.11 a share. The company said it used a portion of that gain on efficiency initiatives, and recorded a restructuring charge of $336 million, or $253 million after tax, equal to $0.37 a share. Those are the company’s figures, not an adjustment calculated here.

Total revenues net of interest expense were $20,062 million, up 9% from $18,426 million, the filing’s summary table says. Provisions for credit losses were $985 million, down from $1,287 million. Billed business was $454.0 billion, up 8% from $421.0 billion. The company said goods-and-services spending, more than 70% of billed business, grew 7%, and that the figure reflected exits from two small-business cobrand portfolios held for sale. Travel and entertainment spending grew 10%, which the company tied to airline spending and restaurant spending.

U.S. consumer billed business grew 9%, commercial services grew 3%, and international card services grew 11% on both a reported and a currency-adjusted basis, the company said. It called international card services its fastest-growing segment, and said millennial and Gen-Z card members are its largest and fastest-growing U.S. consumer cohort. Net card fees grew 16%. Net interest income grew 10%. Card balances and other loans increased 8%. The net write-off rate on principal, interest and fees was 2.1%, compared with 2.2% a year earlier. The share of consumer and small-business balances 30 or more days past due was 1.2%, compared with 1.3%.

The quarterly report describes the restructuring as a charge. It does not, in the passages above, state a percentage of jobs. CNBC reported on Oct. 23 that chief executive Stephen Squeri told analysts the company is eliminating 5% of its global workforce, and that the firm had almost 77,000 employees at the end of 2025. CNBC quoted chief financial officer Christophe Le Caillec as saying the restructuring was meant to make American Express “leaner, more agile, and also to prepare for AI.” CNBC also quoted Squeri as saying the company needed to become “a more agile and efficient organization.” Those remarks are the company’s, as relayed by CNBC.

CNBC’s market report said the shares fell more than 3% on Friday. A lower share price is a market result, not a judgment on whether the shares should be owned.