American Express : April Fixed Income Presentation

American Express Company

Fixed Income Investor Presentation

APRIL 2022

Summary Financial Performance

($ in millions; except per share amounts)

Total Revenues Net of Interest Expense

FX-Adjusted*

Net Income

Diluted EPS†

Average Diluted Shares Outstanding

* Total Revenues Net of Interest Expense adjusted for FX is a non-GAAP measure. 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 Q1'22 foreign exchange rates apply to Q1'21 results). † Attributable to common shareholders. Represents net income less earnings allocated to participating share awards and dividends on preferred shares.

Q1'21

Q2'21

Q3'21

Q4'21

Q1'22

Note: All growth rates reflect FX-adjusted rates. See Annex 1 for reported billings growth rates. Billed business represents transaction volumes on payment products issued by American Express. Processed volumes represent transaction volumes from cards issued by network partners and alternative payment solutions facilitated by American Express.

Billed Business Volumes Mix

Billed Business Mix by Spend Type

Billed Business Mix by Customer Type

Q1'19

Q1'22

Q1'19

Q1'22

Consumer + SME: 87%

Consumer + SME: 93%

G&ST&E

SMEConsumerL&G

Note: G&S = Goods & Services spending. SME refers to small and mid-sized businesses with less than $300MM in annual revenues. L&G = Large & Global Corporate. Subtotals may not add to 100% due to rounding.

Billed Business G&S Growth

G&S by Online vs. Offline

% Increase/(decrease) vs. Prior Year (FX-adjusted):

50%

(10%)

30%

10%

Q1'21

Q2'21

Q3'21

Q4'21

Q1'22

Q1'22 Online	Offline Total
YoY % of Total 17% 68% 29% 21% 32% 100%

Note: Online = Online + Card Not Present. All growth rates reflect FX-adjusted rates.