Item 7.01 Regulation FD Disclosure The following information is furnished under Item 7.01 - Regulation FD Disclosure:

As described in our Annual Report on Form 10-K for the year ended December 31, 2019, American Express Company ("American Express", "we," "us" or "our") allocates discount revenue and certain other revenues among our reportable operating segments using a transfer pricing methodology. Within the Global Consumer Services Group and Global Corporate Services reportable operating segments, discount revenue generally reflects the issuer component of the overall discount revenue generated by each segment's Card Members; within the Global Merchant and Network Services reportable operating segment, discount revenue generally reflects the network and acquirer component of the overall discount revenue. In addition, interest expense in our reportable operating segments represents an allocated funding cost based on a combination of segment funding requirements and internal funding rates.

During the first quarter of 2020, we made certain enhancements to 1.) our transfer pricing methodology related to the sharing of revenues between our card issuing, network and merchant businesses, and 2.) our methodology related to the allocation of certain funding costs primarily related to our Card Member loan and Card Member receivable portfolios. These enhancements resulted in certain changes to Non-interest revenues and Interest expense within Total revenues net of interest expense and Operating expenses within Total expenses across our reportable operating segments. These changes have no impact on our Consolidated Results of Operations.

The enhancements related to the allocation of certain funding costs also resulted in a change to our Net interest income divided by Average Card Member loans metric and Net Interest Yield on Average Card Member loans, a non-GAAP measure, within our reportable operating segments. The consolidated Net Interest Yield on Average Card Member loans, a non-GAAP measure, also changed for American Express Company.

All these changes have been applied beginning the first quarter of 2020 and prior period amounts have been revised to conform to the new presentation.

Certain preliminary and other information reflecting these revisions is attached to this report as Exhibit 99.1 and is incorporated herein by reference. Such information is being furnished in order to assist investors in understanding how our reportable operating segments results would historically have been presented had such results been reported. Such information does not represent a restatement of previously issued consolidated financial statements, but rather represents a reclassification among our reportable operating segments and does not impact our Net income, Earnings per share, Total assets, Stockholders' equity or regulatory capital for any of the previously reported periods.




Item 9.01 Financial Statements and Exhibits
(d) Exhibits

Exhibit            Description
99.1                 Selected Reportable Operating Segment Financial Information - Eight
                   Quarter Trend Q1 2018 through Q4 2019    .
104                The cover page of this Current Report on Form 8-K, formatted as inline
                   XBRL.






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