American Express Company	(Preliminary)
Consolidated Statements of Income
(Millions, except percentages and per share amounts)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				YOY % change				FY'16				FY'15				YOY % change
Non-interest revenues
Discount revenue		$	4,697			$	4,516			$	4,824			$	4,643			$	4,913				(4	)		$	18,680			$	19,297				(3	)
Net card fees			725				747				715				699				687				6				2,886				2,700				7
Other fees and commissions			677				694				702				680				704				(4	)			2,753				2,866				(4	)
Other			515				483				545				486				540				(5	)			2,029				2,033				-
Total non-interest revenues			6,614				6,440				6,786				6,508				6,844				(3	)			26,348				26,896				(2	)
Interest income
Interest on loans			1,759				1,690				1,818				1,938				1,891				(7	)			7,205				7,309				(1	)
Interest and dividends on investment securities			27				34				34				36				37				(27	)			131				157				(17	)
Deposits with banks and other			35				40				33				31				19				84				139				79				76
Total interest income			1,821				1,764				1,885				2,005				1,947				(6	)			7,475				7,545				(1	)
Interest expense
Deposits			148				150				150				150				138				7				598				475				26
Long-term debt and other			265				280				286				275				262				1				1,106				1,148				(4	)
Total interest expense			413				430				436				425				400				3				1,704				1,623				5
Net interest income			1,408				1,334				1,449				1,580				1,547				(9	)			5,771				5,922				(3	)
Total revenues net of interest expense			8,022				7,774				8,235				8,088				8,391				(4	)			32,119				32,818				(2	)
Provisions for losses
Charge card			200				174				153				169				195				3				696				737				(6	)
Card Member loans			404				319				285				227				361				12				1,235				1,190				4
Other			21				11				25				38				16				31				95				61				56
Total provisions for losses			625				504				463				434				572				9				2,026				1,988				2
Total revenues net of interest expense after provisions for losses			7,397				7,270				7,772				7,654				7,819				(5	)			30,093				30,830				(2	)
Expenses
Marketing and promotion			1,205				930				788				727				892				35				3,650				3,109				17
Card Member rewards			1,758				1,566				1,766				1,703				1,794				(2	)			6,793				6,996				(3	)
Card Member services and other			292				278				281				282				246				19				1,133				1,018				11
Salaries and employee benefits			1,207				1,263				1,451				1,338				1,209				-				5,259				4,976				6
Professional services			721				630				628				604				784				(8	)			2,583				2,750				(6	)
Occupancy and equipment			506				429				438				465				482				5				1,838				1,854				(1	)
Other, net			547				439				(596	)			351				958				(43	)			741				2,189				(66	)
Total expenses			6,236				5,535				4,756				5,470				6,365				(2	)			21,997				22,892				(4	)
Pretax income			1,161				1,735				3,016				2,184				1,454				(20	)			8,096				7,938				2
Income tax provision			336				593				1,001				758				555				(39	)			2,688				2,775				(3	)
Net income		$	825			$	1,142			$	2,015			$	1,426			$	899				(8	)		$	5,408			$	5,163				5
Net income attributable to common shareholders (A)		$	800			$	1,112			$	1,979			$	1,394			$	873				(8	)		$	5,285			$	5,063				4
Effective tax rate			28.9	%			34.2	%			33.2	%			34.7	%			38.2	%							33.2	%			35.0	%
Earnings Per Common Share
Basic
Net income attributable to common shareholders		$	0.88			$	1.21			$	2.11			$	1.45			$	0.89				(1	)		$	5.67			$	5.07				12
Average common shares outstanding			910				920				938				961				977				(7	)			933				999				(7	)
Diluted
Net income attributable to common shareholders		$	0.88			$	1.20			$	2.10			$	1.45			$	0.89				(1	)		$	5.65			$	5.05				12
Average common shares outstanding			913				923				941				963				981				(7	)			935				1,003				(7	)
Cash dividends declared per common share		$	0.32			$	0.32			$	0.29			$	0.29			$	0.29				10			$	1.22			$	1.13				8

# - Denotes a variance of more than 100 percent.

American Express Company	(Preliminary)
Consolidated Balance Sheets and Related Statistical Information
(Billions, except percentages, per share amounts and where indicated)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				YOY % change
Assets
Cash & cash equivalents		$	25			$	27			$	34			$	25			$	23				9
Card Member loans and receivables held for sale			-				-				-				12				15				#
Card Member receivables, less reserves			47				45				45				44				44				7
Card Member Loans, less reserves			64				60				59				56				58				10
Investment securities			3				4				4				4				4				(25	)
Other (B)			20				17				18				18				17				18
Total assets		$	159			$	153			$	160			$	159			$	161				(1	)
Liabilities and Shareholders' Equity
Customer deposits		$	53			$	54			$	54			$	56			$	55				(4	)
Short-term borrowings			6				3				2				3				5				20
Long-term debt			47				45				51				47				48				(2	)
Other (B)			32				30				32				32				32				-
Total liabilities			138				132				139				138				140				(1	)
Shareholders' Equity			21				21				21				21				21				-
Total liabilities and shareholders' equity		$	159			$	153			$	160			$	159			$	161				(1	)
Return on average equity (C)			26.0	%			26.1	%			26.4	%			23.6	%			24.0	%
Return on average common equity (C)			27.5	%			27.6	%			27.9	%			24.8	%			25.2	%
Book value per common share (dollars)		$	20.93			$	21.20			$	20.67			$	20.13			$	19.71				6

# - Denotes a variance of more than 100 percent.

American Express Company	(Preliminary)
Consolidated Capital

American Express Company		(Preliminary)
Selected Card Related Statistical Information
(Billions, except percentages and where indicated)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				YOY % change				FY'16				FY'15				YOY % change
Card billed business (K)
United States		$	174.4			$	164.6			$	185.1			$	176.3			$	190.2				(8	)		$	700.4			$	721.8				(3	)
Outside the United States			88.8				86.6				84.2				77.5				83.0				7				337.1				317.9				6
Worldwide		$	263.2			$	251.2			$	269.3			$	253.8			$	273.2				(4	)		$	1,037.5			$	1,039.7				-
Total cards-in-force (L) (millions)
United States			47.5				47.1				47.0				57.9				57.6				(18	)			47.5				57.6				(18	)
Outside the United States			62.4				61.7				61.2				60.7				60.2				4				62.4				60.2				4
Worldwide			109.9				108.8				108.2				118.6				117.8				(7	)			109.9				117.8				(7	)
Basic cards-in-force (L) (millions)
United States			37.4				37.0				37.0				45.1				44.8				(17	)			37.4				44.8				(17	)
Outside the United States			51.7				51.1				50.5				50.0				49.5				4				51.7				49.5				4
Worldwide			89.1				88.1				87.5				95.1				94.3				(6	)			89.1				94.3				(6	)
Average basic Card Member spending (M) (dollars)
United States		$	5,181			$	4,937			$	4,672			$	4,249			$	4,633				12			$	18,808			$	18,066				4
Outside the United States		$	3,401			$	3,264			$	3,319			$	3,082			$	3,352				1			$	13,073			$	12,971				1
Worldwide		$	4,647			$	4,433			$	4,313			$	3,952			$	4,305				8			$	17,216			$	16,743				3
Card Member loans (N)
United States		$	58.3			$	53.9			$	53.2			$	50.7			$	51.5				13			$	58.3			$	51.5				13
Outside the United States		$	7.0			$	6.7			$	6.7			$	6.7			$	7.1				(1	)		$	7.0			$	7.1				(1	)
Worldwide		$	65.3			$	60.6			$	59.9			$	57.4			$	58.6				11			$	65.3			$	58.6				11
Average discount rate (O)			2.44	%			2.47	%			2.43	%			2.44	%			2.42	%							2.45	%			2.46	%
Average fee per card (dollars) (M)		$	47			$	49			$	42			$	40			$	39				21			$	44			$	39				13

# - Denotes a variance of more than 100 percent.

American Express Company	(Preliminary)
Selected Credit Related Statistical Information
(Billions, except percentages and where indicated)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				YOY % change				FY'16				FY'15				YOY % change
Worldwide Card Member receivables (N)
Total receivables		$	47.3			$	45.3			$	45.2			$	44.5			$	44.1				7			$	47.3			$	44.1				7
Loss reserves (millions):
Beginning balance		$	437			$	423			$	446			$	462			$	441				(1	)		$	462			$	465				(1	)
Provisions (P)			200				174				153				169				195				3				696				737				(6	)
Net write-offs (Q)			(156	)			(159	)			(173	)			(186	)			(169	)			(8	)			(674	)			(713	)			(5	)
Other (R)			(14	)			(1	)			(3	)			1				(5	)			#				(17	)			(27	)			(37	)
Ending balance		$	467			$	437			$	423			$	446			$	462				1			$	467			$	462				1
% of receivables			1.0	%			1.0	%			0.9	%			1.0	%			1.0	%							1.0	%			1.0	%
Net write-off rate, excluding Global Corporate Payments (GCP) (principal only) (S)			1.3	%			1.4	%			1.6	%			1.9	%			1.7	%							1.5	%			1.8	%
Net write-off rate, excluding GCP (principal and fees) (S)			1.5	%			1.6	%			1.8	%			2.1	%			1.9	%							1.8	%			2.0	%
30+ days past due as a % of total, excluding GCP			1.4	%			1.4	%			1.3	%			1.5	%			1.5	%							1.4	%			1.5	%
GCP Net loss ratio (as a % of charge volume) (T)			0.10	%			0.11	%			0.09	%			0.08	%			0.08	%							0.09	%			0.09	%
GCP 90+ days past billing as a % of total			0.9	%			0.8	%			0.7	%			0.7	%			0.9	%							0.9	%			0.9	%
Worldwide Card Member loans (N)
Total loans		$	65.3			$	60.6			$	59.9			$	57.4			$	58.6				11			$	65.3			$	58.6				11
Loss reserves (millions):
Beginning balance		$	1,114			$	1,091			$	1,012			$	1,028			$	1,164				(4	)		$	1,028			$	1,201				(14	)
Provisions (P)			404				319				285				227				361				12				1,235				1,190				4
Net write-offs - principal (Q)			(243	)			(250	)			(223	)			(214	)			(234	)			4				(930	)			(967	)			(4	)
Net write-offs - interest and fees (Q)			(47	)			(48	)			(40	)			(40	)			(40	)			18				(175	)			(162	)			8
Reserves transferred to held for sale			-				-				-				-				(224	)			#				-				(224	)			#
Other (R)			(5	)			2				57				11				1				#				65				(10	)			#
Ending balance		$	1,223			$	1,114			$	1,091			$	1,012			$	1,028				19			$	1,223			$	1,028				19
Ending reserves - principal		$	1,160			$	1,050			$	1,037			$	959			$	975				19			$	1,160			$	975				19
Ending reserves - interest and fees		$	63			$	64			$	54			$	53			$	53				19			$	63			$	53				19
% of loans			1.9	%			1.8	%			1.8	%			1.8	%			1.8	%							1.9	%			1.8	%
% of past due			161	%			160	%			160	%			161	%			164	%							161	%			164	%
Average loans		$	62.6			$	60.3			$	58.8			$	57.4			$	67.1				(7	)		$	59.9			$	67.9				(12	)
Net write-off rate (principal only) (S)			1.6	%			1.7	%			1.5	%			1.5	%			1.4	%							1.6	%			1.4	%
Net write-off rate (principal, interest and fees) (S)			1.9	%			2.0	%			1.8	%			1.8	%			1.6	%							1.8	%			1.7	%
30+ days past due loans as a % of total			1.2	%			1.1	%			1.1	%			1.1	%			1.1	%							1.2	%			1.1	%
Net interest income divided by average loans (U)			9.0	%			8.8	%			8.6	%			8.9	%			8.7	%							8.8	%			8.6	%
Net interest yield on Card Member loans (U)			9.9	%			9.8	%			9.5	%			9.7	%			9.4	%							9.6	%			9.4	%

# - Denotes a variance of more than 100 percent.

American Express Company				(Preliminary)
Selected Income Statement information by Segment
(Millions)

		U.S. Consumer Services				International Consumer and Network Services				Global Commercial Services				Global Merchant Services				Corporate and Other				Consolidated
		(USCS)				(ICNS)				(GCS)				(GMS)
Q4'16
Non-interest revenues		$	1,927			$	1,198			$	2,297			$	1,063			$	129			$	6,614
Interest income			1,235				230				296				-				60				1,821
Interest expense			132				52				104				(57	)			182				413
Total revenues net of interest expense			3,030				1,376				2,489				1,120				7				8,022
Total provision			363				92				171				4				(5	)			625
Pretax income (loss)			481				82				545				556				(503	)			1,161
Income tax provision (benefit)			130				(2	)			163				187				(142	)			336
Net income (loss)			351				84				382				369				(361	)			825
Q4'15
Non-interest revenues		$	2,155			$	1,178			$	2,253			$	1,148			$	110			$	6,844
Interest income			1,349				235				311				-				52				1,947
Interest expense			130				59				94				(57	)			174				400
Total revenues net of interest expense			3,374				1,354				2,470				1,205				(12	)			8,391
Total provision			334				77				153				9				(1	)			572
Pretax income (loss)			837				185				761				575				(904	)			1,454
Income tax provision (benefit)			296				45				274				211				(271	)			555
Net income (loss)			541				140				487				364				(633	)			899
YOY % change
Non-interest revenues			(11	)			2				2				(7	)			17				(3	)
Interest income			(8	)			(2	)			(5	)			-				15				(6	)
Interest expense			2				(12	)			11				-				5				3
Total revenues net of interest expense			(10	)			2				1				(7	)			#				(4	)
Total provision			9				19				12				(56	)			#				9
Pretax income (loss)			(43	)			(56	)			(28	)			(3	)			(44	)			(20	)
Income tax provision (benefit)			(56	)			#				(41	)			(11	)			(48	)			(39	)
Net income (loss)			(35	)			(40	)			(22	)			1				(43	)			(8	)

# - Denotes a variance of more than 100 percent.

American Express Company	(Preliminary)
Billed Business Growth Trend

		YOY % change
		Reported																				FX-Adjusted (V)																				Reported				FX-Adjusted (V)
		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				FY'16				FY'16
Worldwide (W)
Total Billed Business			(4	%)			(3	%)			3	%			3	%			2	%			(3	%)			(3	%)			4	%			6	%			5	%			-				1	%
Proprietary billed business			(5	)			(5	)			2				3				1				(4	)			(5	)			3				4				3				(1	)			(1	)
GNS billed business (X)			3				10				5				5				3				4				10				11				13				14				6				10
Airline-related volume (7% of Q4'16 worldwide billed business)			(3	)			(6	)			(4	)			(4	)			(5	)			(1	)			(5	)			(3	)			(2	)			(1	)			(4	)			(3	)
United States (W)
Billed Business			(8	)			(9	)			2				4				4				n/	a			n/	a			n/	a			n/	a			n/	a			(3	)			n/	a
Proprietary consumer card billed business (Y)			(14	)			(15	)			-				4				4				n/	a			n/	a			n/	a			n/	a			n/	a			(7	)			n/	a
Proprietary small business and corporate services billed business (Z)			1				(1	)			4				5				3				n/	a			n/	a			n/	a			n/	a			n/	a			2				n/	a
T&E-related volume (23% of Q4'16 U.S. billed business)			(6	)			(7	)			(1	)			1				2				n/	a			n/	a			n/	a			n/	a			n/	a			(3	)			n/	a
Non-T&E-related volume (77% of Q4'16 U.S. billed business)			(9	)			(9	)			3				5				4				n/	a			n/	a			n/	a			n/	a			n/	a			(3	)			n/	a
Airline-related volume (6% of Q4'16 U.S. billed business)			(6	)			(11	)			(8	)			(5	)			(3	)			n/	a			n/	a			n/	a			n/	a			n/	a			(7	)			n/	a
Outside the United States (W)
Billed Business			7				10				5				2				(3	)			11				11				10				9				8				6				10
Japan, Asia Pacific & Australia ("JAPA") billed business			14				22				12				8				5				13				16				13				13				14				14				14
Latin America & Canada ("LACC") billed business			1				-				(9	)			(14	)			(19	)			7				7				6				5				-				(6	)			6
Europe, Middle East & Africa ("EMEA") billed business			1				2				3				3				(4	)			9				7				6				8				5				2				8
Proprietary consumer card billed business (X)			4				6				4				1				(8	)			10				8				8				8				3				4				8
Proprietary small business and corporate services billed business (Z)			7				6				3				(3	)			(10	)			11				6				6				4				2				3				7

U.S. Consumer Services		(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				YOY % change				FY'16				FY'15				YOY % change
Non-interest revenues		$	1,927			$	1,849			$	2,069			$	2,029			$	2,155				(11	)		$	7,874			$	8,479				(7	)
Interest income			1,235				1,178				1,278				1,391				1,349				(8	)			5,082				5,198				(2	)
Interest expense			132				125				139				140				130				2				536				488				10
Net interest income			1,103				1,053				1,139				1,251				1,219				(10	)			4,546				4,710				(3	)
Total revenues net of interest expense			3,030				2,902				3,208				3,280				3,374				(10	)			12,420				13,189				(6	)
Provisions for losses			363				275				237				190				334				9				1,065				1,064				-
Total revenues net of interest expense after provisions for losses			2,667				2,627				2,971				3,090				3,040				(12	)			11,355				12,125				(6	)
Expenses
Marketing, promotion, rewards, Card Member services and other			1,425				1,274				1,369				1,348				1,410				1				5,416				5,382				1
Salaries and employee benefits and other operating expenses			761				738				(96	)			655				793				(4	)			2,058				3,066				(33	)
Total expenses			2,186				2,012				1,273				2,003				2,203				(1	)			7,474				8,448				(12	)
Pretax segment income			481				615				1,698				1,087				837				(43	)			3,881				3,677				6
Income tax provision			130				214				631				393				296				(56	)			1,368				1,322				3
Segment income		$	351			$	401			$	1,067			$	694			$	541				(35	)		$	2,513			$	2,355				7
Effective tax rate			27.0	%			34.8	%			37.2	%			36.2	%			35.4	%							35.2	%			36.0	%
(Billions, except percentages and where indicated)
Card billed business		$	84.3			$	78.6			$	93.4			$	89.0			$	98.4				(14	)		$	345.3			$	370.1				(7	)
Total cards-in-force (millions)			32.7				32.3				31.8				40.9				40.7				(20	)		$	32.7				40.7				(20	)
Basic cards-in-force (millions)			23.3				22.9				22.6				28.8				28.6				(19	)		$	23.3				28.6				(19	)
Average basic Card Member spending (dollars) (M)		$	3,643			$	3,452			$	3,417			$	3,092			$	3,471				5			$	13,447			$	13,441				-
Total segment assets		$	87.4			$	79.4			$	81.3			$	86.3			$	92.7				(6	)		$	87.4			$	92.7				(6	)
Segment capital (AA)		$	7.2			$	7.5			$	6.8			$	7.4			$	7.2				-			$	7.2			$	7.2				-
Return on average segment capital (AA)			34.9	%			37.4	%			38.9	%			31.8	%			31.1	%							34.9	%			31.1	%
Card Member receivables: (N)
Total receivables		$	12.3			$	10.1			$	10.6			$	10.3			$	11.8				4			$	12.3			$	11.8				4
30+ days past due as a % of total			1.2	%			1.4	%			1.2	%			1.4	%			1.4	%							1.2	%			1.4	%
Net write-off rate (principal only) (S)			1.3	%			1.1	%			1.3	%			1.8	%			1.6	%							1.4	%			1.6	%
Net write-off rate (principal and fees) (S)			1.5	%			1.3	%			1.6	%			2.0	%			1.8	%							1.6	%			1.8	%
Card Member loans: (N)
Total loans		$	48.8			$	44.9			$	44.6			$	42.4			$	43.5				12			$	48.8			$	43.5				12
30+ days past due loans as a % of total			1.1	%			1.1	%			1.1	%			1.0	%			1.0	%							1.1	%			1.0	%
Average loans		$	46.5			$	44.8			$	43.5			$	42.5			$	50.5				(8	)		$	44.4			$	51.1				(13	)
Net write-off rate (principal only) (S)			1.5	%			1.6	%			1.5	%			1.5	%			1.4	%							1.5	%			1.4	%
Net write-off rate (principal, interest and fees) (S)			1.8	%			1.9	%			1.7	%			1.7	%			1.6	%							1.8	%			1.6	%
Net interest income divided by average loans (U)			9.5	%			9.4	%			9.0	%			9.3	%			9.1	%							9.2	%			9.0	%
Net interest yield on Card Member loans (U)			9.6	%			9.5	%			9.1	%			9.5	%			9.1	%							9.3	%			9.2	%

# - Denotes a variance of more than 100 percent.

International Consumer and Network Services		(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				YOY % change				FY'16				FY'15				YOY % change
Non-interest revenues		$	1,198			$	1,205			$	1,242			$	1,140			$	1,178				2			$	4,785			$	4,627				3
Interest income			230				231				234				227				235				(2	)			922				945				(2	)
Interest expense			52				55				58				54				59				(12	)			219				235				(7	)
Net interest income			178				176				176				173				176				1				703				710				(1	)
Total revenues net of interest expense			1,376				1,381				1,418				1,313				1,354				2				5,488				5,337				3
Provisions for losses			92				84				78				71				77				19				325				300				8
Total revenues net of interest expense after provisions for losses			1,284				1,297				1,340				1,242				1,277				1				5,163				5,037				3
Expenses
Marketing, promotion, rewards, Card Member services and other			642				554				500				481				547				17				2,177				1,980				10
Salaries and employee benefits and other operating expenses			560				535				567				506				545				3				2,168				2,153				1
Total expenses			1,202				1,089				1,067				987				1,092				10				4,345				4,133				5
Pretax segment income			82				208				273				255				185				(56	)			818				904				(10	)
Income tax provision/(benefit)			(2	)			53				45				67				45				#				163				220				(26	)
Segment income		$	84			$	155			$	228			$	188			$	140				(40	)		$	655			$	684				(4	)
Effective tax rate			(2.4	%)			25.5	%			16.5	%			26.3	%			24.3	%							19.9	%			24.3	%
(Billions, except percentages and where indicated)
Card billed business
Proprietary		$	28.1			$	26.6			$	26.5			$	24.7			$	27.0				4			$	105.9			$	102.1				4
Global Network Services (GNS)			44.6				44.8			$	43.8			$	40.5			$	43.5				3			$	173.7			$	164.4				6
Total		$	72.7			$	71.4			$	70.3			$	65.2			$	70.5				3			$	279.6			$	266.5				5
Total cards-in-force (millions)
Proprietary			15.0				14.8				15.0				14.8				14.6				3				15.0				14.6				3
GNS			48.6				48.1				48.0				47.7				47.4				3				48.6				47.4				3
Total			63.6				62.9				63.0				62.5				62.0				3				63.6				62.0				3
Proprietary basic cards-in-force (millions)			10.3				10.3				10.3				10.1				9.9				4				10.3				9.9				4
Average basic Card Member spending (dollars) (M)		$	2,720			$	2,596			$	2,609			$	2,455			$	2,718				-			$	10,386			$	10,308				1
Total segment assets		$	35.7			$	34.4			$	35.0			$	34.3			$	35.1				2			$	35.7			$	35.1				2
Segment capital (AA)		$	2.5			$	2.7			$	2.6			$	2.5			$	2.6				(4	)		$	2.5			$	2.6				(4	)
Return on average segment capital (AA)			25.4	%			26.4	%			25.5	%			23.6	%			23.8	%							25.4	%			23.8	%
Card Member receivables:
Total receivables		$	6.0			$	5.6			$	5.6			$	5.6			$	5.6				7			$	6.0			$	5.6				7
30+ days past due as a % of total			1.3	%			1.5	%			1.4	%			1.5	%			1.5	%							1.3	%			1.5	%
Net write-off rate (principal only) (S)			1.8	%			2.0	%			2.2	%			2.2	%			2.1	%							2.0	%			2.1	%
Net write-off rate (principal and fees) (S)			1.9	%			2.2	%			2.3	%			2.4	%			2.3	%							2.2	%			2.3	%
Card Member loans:
Total loans		$	7.0			$	6.7			$	6.6			$	6.6			$	7.1				(1	)		$	7.0			$	7.1				(1	)
30+ days past due loans as a % of total			1.6	%			1.7	%			1.7	%			1.8	%			1.6	%							1.6	%			1.6	%
Average loans		$	6.8			$	6.7			$	6.8			$	6.8			$	7.0				(3	)		$	6.8			$	7.0				(3	)
Net write-off rate (principal only) (S)			2.0	%			2.1	%			2.1	%			1.9	%			1.8	%							2.0	%			1.9	%
Net write-off rate (principal, interest and fees) (S)			2.5	%			2.6	%			2.5	%			2.4	%			2.2	%							2.5	%			2.4	%
Net interest income divided by average loans (U)			10.5	%			10.5	%			10.4	%			10.3	%			10.1	%							10.3	%			10.1	%
Net interest yield on Card Member loans (U)			11.0	%			11.2	%			10.8	%			10.8	%			10.6	%							10.9	%			10.6	%

# - Denotes a variance of more than 100 percent.

Global Commercial Services		(Preliminary)
Selected Income Statement and Statistical Information
(Millions, except percentages)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				YOY % change				FY'16				FY'15				YOY % change
Non-interest revenues		$	2,297			$	2,240			$	2,280			$	2,190			$	2,253				2			$	9,007			$	8,930				1
Interest income			296				282				310				321				311				(5	)			1,209				1,175				3
Interest expense			104				98				104				95				94				11				401				365				10
Net interest income			192				184				206				226				217				(12	)			808				810				-
Total revenues net of interest expense			2,489				2,424				2,486				2,416				2,470				1				9,815				9,740				1
Provisions for losses			171				134				139				160				153				12				604				588				3
Total revenues net of interest expense after provisions for losses			2,318				2,290				2,347				2,256				2,317				-				9,211				9,152				1
Expenses
Marketing, promotion, rewards, Card Member services and other			983				808				841				766				784				25				3,398				3,142				8
Salaries and employee benefits and other operating expenses			790				753				596				729				772				2				2,868				2,846				1
Total expenses			1,773				1,561				1,437				1,495				1,556				14				6,266				5,988				5
Pretax segment income			545				729				910				761				761				(28	)			2,945				3,164				(7	)
Income tax provision			163				263				334				276				274				(41	)			1,036				1,142				(9	)
Segment income		$	382			$	466			$	576			$	485			$	487				(22	)		$	1,909			$	2,022				(6	)
Effective tax rate			29.9	%			36.1	%			36.7	%			36.3	%			36.0	%							35.2	%			36.1	%
(Billions, except percentages and where indicated)
Card billed business		$	105.1			$	100.1			$	104.3			$	98.5			$	103.2				2			$	408.0			$	398.6				2
Total cards-in-force (millions)			13.6				13.6				13.4				15.2				15.1				(10	)			13.6				15.1				(10	)
Basic cards-in-force (millions)			13.6				13.6				13.4				15.2				15.1				(10	)			13.6				15.1				(10	)
Average basic Card Member spending (dollars) (M)		$	7,729			$	7,386			$	7,060			$	6,509			$	6,859				13			$	28,515			$	26,860				6
Total segment assets		$	46.5			$	46.8			$	46.2			$	46.7			$	45.1				3			$	46.5			$	45.1				3
Segment capital (AA)		$	7.0			$	7.3			$	7.7			$	7.2			$	7.0				-			$	7.0			$	7.0				-
Return on average segment capital (AA)			26.4	%			28.0	%			28.1	%			28.0	%			28.7	%							26.4	%			28.7	%
Card Member receivables (N)		$	29.0			$	29.6			$	29.1			$	28.6			$	26.7				9			$	29.0			$	26.7				9
Card Member loans (N)		$	9.5			$	9.1			$	8.7			$	8.3			$	8.0				19			$	9.5			$	8.0				19
Card Member receivables: (N)
Total receivables - GCP  (T)		$	14.8			$	15.8			$	15.3			$	15.4			$	13.8				7			$	14.8			$	13.8				7
90+ days past billing as a % of total - GCP (T)			0.9	%			0.8	%			0.7	%			0.7	%			0.9	%							0.9	%			0.9	%
Net loss ratio (as a % of charge volume) - GCP (T)			0.10	%			0.11	%			0.09	%			0.08	%			0.08	%							0.09	%			0.09	%
Total receivables - Global Small Business Services (GSBS) (AB)		$	14.3			$	13.8			$	13.7			$	13.2			$	12.9				11			$	14.3			$	12.9				11
30+ days past due as a % of total - GSBS			1.6	%			1.5	%			1.4	%			1.6	%			1.7	%							1.6	%			1.7	%
Net write-off rate (principal only) - GSBS (S)			1.2	%			1.3	%			1.6	%			1.8	%			1.6	%							1.5	%			1.8	%
Net write-off rate (principal and fees) - GSBS (S)			1.4	%			1.5	%			1.9	%			2.1	%			1.8	%							1.7	%			2.1	%
Card Member loans: (N) (AC)
Total loans - GSBS		$	9.5			$	9.0			$	8.6			$	8.3			$	8.0				19			$	9.5			$	8.0				19
30+ days past due as a % of total - GSBS			1.1	%			1.1	%			1.1	%			1.0	%			1.1	%							1.1	%			1.1	%
Average loans - GSBS		$	9.3			$	8.8			$	8.5			$	8.1			$	9.6				(3	)		$	8.6			$	9.7				(11	)
Net write-off rate (principal only) - GSBS (S)			1.4	%			1.5	%			1.3	%			1.4	%			1.2	%							1.4	%			1.3	%
Net write-off rate (principal, interest and fees) - GSBS (S)			1.7	%			1.8	%			1.6	%			1.6	%			1.5	%							1.7	%			1.5	%
Net interest income divided by average loans (U)			8.3	%			8.3	%			8.2	%			8.8	%			8.5	%							8.3	%			8.2	%
Net interest yield on Card Member loans (U)			10.6	%			10.6	%			10.3	%			10.5	%			10.2	%							10.4	%			10.1	%

# - Denotes a variance of more than 100 percent.

Global Merchant Services

(Preliminary)

Selected Income Statement and Statistical Information

(Millions, except percentages)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				YOY % change				FY'16				FY'15				YOY % change
Non-interest revenues		$	1,063			$	1,044			$	1,087			$	1,041			$	1,148				(7	)		$	4,235			$	4,471				(5	)
Interest income			-				-				1				-				-				-				1				1				-
Interest expense			(57	)			(60	)			(61	)			(59	)			(57	)			-				(237	)			(211	)			12
Net interest income			57				60				62				59				57				-				238				212				12
Total revenues net of interest expense			1,120				1,104				1,149				1,100				1,205				(7	)			4,473				4,683				(4	)
Provisions for losses			4				8				5				8				9				(56	)			25				31				(19	)
Total revenues net of interest expense after provisions for losses			1,116				1,096				1,144				1,092				1,196				(7	)			4,448				4,652				(4	)
Expenses
Marketing, promotion, rewards, Card Member services and other			61				55				58				58				84				(27	)			232				294				(21	)
Salaries and employee benefits and other operating expenses			499				470				489				463				537				(7	)			1,921				1,977				(3	)
Total expenses			560				525				547				521				621				(10	)			2,153				2,271				(5	)
Pretax segment income			556				571				597				571				575				(3	)			2,295				2,381				(4	)
Income tax provision			187				212				224				214				211				(11	)			837				882				(5	)
Segment income		$	369			$	359			$	373			$	357			$	364				1			$	1,458			$	1,499				(3	)
Effective tax rate			33.6	%			37.1	%			37.5	%			37.5	%			36.7	%							36.5	%			37.0	%
Loyalty Coalition revenue		$	106			$	106			$	104			$	94			$	99				7			$	410			$	378				8
(Billions, except percentages and where indicated)
Average discount rate (O)			2.44	%			2.47	%			2.43	%			2.44	%			2.42	%							2.45	%			2.46	%
Total segment assets		$	24.3			$	23.2			$	24.1			$	23.7			$	23.5				3			$	24.3			$	23.5				3
Segment capital (AA)		$	2.5			$	2.3			$	2.4			$	2.4			$	2.4				4			$	2.5			$	2.4				4
Return on average segment capital (AA)			60.2	%			59.9	%			61.9	%			62.7	%			64.8	%							60.2	%			64.8	%

# - Denotes a variance of more than 100 percent.

American Express Company	(Preliminary)
Appendix I
Components of Return on Average Equity (ROE) and Return on Average Common Equity (ROCE)
(Millions, except percentages)

		For the Twelve Months Ended
		Dec 31,				Sep 30,				Jun 30,				Mar 31,				Dec 31,
		2016				2016				2016				2016				2015
ROE
Net income		$	5,408			$	5,482			$	5,606			$	5,064			$	5,163
Average shareholders' equity		$	20,805			$	20,969			$	21,195			$	21,499			$	21,494
Return on average equity (C)			26.0	%			26.1	%			26.4	%			23.6	%			24.0	%
Reconciliation of ROCE
Net income		$	5,408			$	5,482			$	5,606			$	5,064			$	5,163
Preferred shares dividends and related accretion			80				81				82				83				62
Earnings allocated to participating share awards and other			43				43				44				38				38
Net income attributable to common shareholders		$	5,285			$	5,358			$	5,480			$	4,943			$	5,063
Average shareholders' equity		$	20,805			$	20,969			$	21,195			$	21,499			$	21,494
Average preferred shares			1,584				1,584				1,584				1,584				1,390
Average common shareholders' equity		$	19,221			$	19,385			$	19,611			$	19,915			$	20,104
Return on average common equity (C)			27.5	%			27.6	%			27.9	%			24.8	%			25.2	%

American Express Company		(Preliminary)
Appendix II
Components of Return on Average Segment Capital (ROSC)
(Millions, except percentages)

		For the Twelve Months Ended
		Dec 31,				Sep 30,				Jun 30,				Mar 31,				Dec 31,
		2016				2016				2016				2016				2015
U.S. Consumer Services
Segment income		$	2,513			$	2,703			$	2,843			$	2,390			$	2,355
Average segment capital (AA)		$	7,204			$	7,235			$	7,318			$	7,514			$	7,560
Return on average segment capital (AA)			34.9	%			37.4	%			38.9	%			31.8	%			31.1	%
International Consumer and Network Services
Segment income		$	655			$	711			$	711			$	676			$	684
Average segment capital (AA)		$	2,577			$	2,695			$	2,790			$	2,861			$	2,873
Return on average segment capital (AA)			25.4	%			26.4	%			25.5	%			23.6	%			23.8	%
Global Commercial Services
Segment income		$	1,909			$	2,014			$	2,016			$	1,990			$	2,022
Average segment capital (AA)		$	7,237			$	7,202			$	7,170			$	7,107			$	7,036
Return on average segment capital (AA)			26.4	%			28.0	%			28.1	%			28.0	%			28.7	%
Global Merchant Services
Segment income		$	1,458			$	1,453			$	1,491			$	1,487			$	1,499
Average segment capital (AA)		$	2,420			$	2,425			$	2,409			$	2,371			$	2,311
Return on average segment capital (AA)			60.2	%			59.9	%			61.9	%			62.7	%			64.8	%

American Express Company

(Preliminary)

Appendix III

Net Interest Yield on Card Member Loans

(Millions, except percentages and where indicated)

		Q4'16				Q3'16				Q2'16				Q1'16				Q4'15				FY'16				FY'15
Consolidated
Net interest income		$	1,408			$	1,334			$	1,449			$	1,580			$	1,547			$	5,771			$	5,922
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio			238				261				247				238				225				984				952
Interest income not attributable to the Company's Card Member loan portfolio			(94	)			(104	)			(102	)			(103	)			(90	)			(403	)			(357	)
Adjusted net interest income (AD)		$	1,552			$	1,491			$	1,594			$	1,715			$	1,682			$	6,352			$	6,517
Average loans including Held for Sale (billions)		$	62.6			$	60.3			$	67.6			$	70.8			$	70.9			$	65.8			$	69.0
Net interest income divided by average loans (AE)			9.0	%			8.8	%			8.6	%			8.9	%			8.7	%			8.8	%			8.6	%
Net interest yield on Card Member loans (AF)			9.9	%			9.8	%			9.5	%			9.7	%			9.4	%			9.6	%			9.4	%
U.S. Consumer Services
Net interest income		$	1,103			$	1,053			$	1,139			$	1,251			$	1,219			$	4,546			$	4,710
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio			21				20				20				19				19				80				72
Interest income not attributable to the Company's Card Member loan portfolio			(8	)			(6	)			(5	)			(5	)			(4	)			(24	)			(15	)
Adjusted net interest income (AD)		$	1,116			$	1,067			$	1,154			$	1,265			$	1,234			$	4,602			$	4,767
Average loans including Held for Sale (billions)		$	46.5			$	44.8			$	50.8			$	53.8			$	53.7			$	49.4			$	52.1
Net interest income divided by average loans (AE)			9.5	%			9.4	%			9.0	%			9.3	%			9.1	%			9.2	%			9.0	%
Net interest yield on Card Member loans (AF)			9.6	%			9.5	%			9.1	%			9.5	%			9.1	%			9.3	%			9.2	%
International Consumer and Network Services
Net interest income		$	178			$	176			$	176			$	173			$	176			$	703			$	710
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio			11				12				10				11				14				44				56
Interest income not attributable to the Company's Card Member loan portfolio			-				-				(4	)			(3	)			(4	)			(7	)			(18	)
Adjusted net interest income (AD)		$	189			$	188			$	182			$	181			$	186			$	740			$	748
Average loans (billions)		$	6.8			$	6.7			$	6.8			$	6.8			$	7.0			$	6.8			$	7.0
Net interest income divided by average loans (AE)			10.5	%			10.5	%			10.4	%			10.3	%			10.1	%			10.3	%			10.1	%
Net interest yield on Card Member loans (AF)			11.0	%			11.2	%			10.8	%			10.8	%			10.6	%			10.9	%			10.6	%
Global Commercial Services
Net interest income		$	193			$	184			$	206			$	226			$	217			$	809			$	810
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio			81				79				80				72				72				312				286
Interest income not attributable to the Company's Card Member loan portfolio			(26	)			(28	)			(29	)			(28	)			(28	)			(111	)			(94	)
Adjusted net interest income (AD)		$	248			$	235			$	257			$	270			$	261			$	1,010			$	1,002
Average loans including Held for Sale (billions)		$	9.3			$	8.8			$	10.0			$	10.3			$	10.2			$	9.7			$	9.9
Net interest income divided by average loans (AE)			8.3	%			8.3	%			8.2	%			8.8	%			8.5	%			8.3	%			8.2	%
Net interest yield on Card Member loans (AF)			10.6	%			10.6	%			10.3	%			10.5	%			10.2	%			10.4	%			10.1	%

American Express Company

(Preliminary)

Appendix IV

Reconciliations of Adjustments

(Millions, except percentages, per share information and where indicated)

	Q4'16					Q4'15				YOY % Change				FY'16				FY'15				YOY % Change
Adjusted Total Revenues Net of Interest Expense
Total revenues net of interest expense		$	8,022			$	8,391				(4	)		$	32,119			$	32,818				(2	)
Estimated Costco-related revenues (AG)			-				757								1,193				3,057
Adjusted Total revenues net of interest expense		$	8,022			$	7,634				5			$	30,926			$	29,761				4
FX-adjusted adjusted Total revenues net of interest expense (V)		$	8,022			$	7,535				6			$	30,926			$	29,358				5
Adjusted Total Provisions for Losses
Total provisions for losses		$	625			$	572				9			$	2,026			$	1,988				2
Costco and JetBlue-related provisions (AH)			-				(49	)							-				(192	)
Adjusted Total provisions for losses		$	625			$	523				20			$	2,026			$	1,796				13
Adjusted Earnings per Share
Diluted Earnings per Share		$	0.88											$	5.65
Restructuring charge per share (pre-tax)			0.05												0.43
Tax impact of restructuring charge per share			(0.02	)											(0.15	)
Restructuring charge per share (after-tax)		$	0.03											$	0.28
Adjusted Diluted Earnings per Share		$	0.91											$	5.93
Adjusted Worldwide Billed Business (billions)
Worldwide billed business		$	263.2			$	273.2				(4	)
Costco-related billed business (AI)			-				24.8
Adjusted worldwide billed business		$	263.2			$	248.4				6
FX-adjusted, adjusted worldwide billed business (V)		$	263.2			$	245.6				7
2016 Earnings per Share (EPS) Outlook	FY'16 EPS Range
US GAAP EPS Outlook - Including YTD Restructuring		$	5.62			$	5.72
Q1'16 restructuring charge per share (pre-tax)			0.08				0.08
Tax impact of Q1'16 restructuring charge per share			(0.03	)			(0.03	)
Q1'16 restructuring charge per share (after-tax)		$	0.05			$	0.05
Q2'16 restructuring charge per share (pre-tax)			0.25				0.25
Tax impact of Q2'16 restructuring charge per share			(0.09	)			(0.09	)
Q2'16 restructuring charge per share (after-tax)		$	0.16			$	0.16
Q3'16 restructuring charge per share (pre-tax)			0.05				0.05
Tax impact of Q3'16 restructuring charge per share			(0.01	)			(0.01	)
Q3'16 restructuring charge per share (after-tax)		$	0.04			$	0.04
Q4'16 restructuring charge per share (pre-tax)			0.05				0.05
Tax impact of Q4'16 restructuring charge per share			(0.02	)			(0.02	)
Q4'16 restructuring charge per share (after-tax)		$	0.03			$	0.03
EPS Outlook excluding restructuring charges and other contingencies		$	5.90			$	6.00

Appendix V

(Preliminary)

All Information in the preceding tables is presented on a basis prepared in accordance with U.S. generally accepted accounting principles (GAAP), unless otherwise indicated.  Certain reclassifications of prior period amounts have been made to conform to the current period presentation.  None of the prior period financial information was materially misstated.

(A)		Represents net income, less (i) earnings allocated to participating share awards of $6 million, $9 million, $17 million, $11 million and $6 million in Q4'16, Q3'16, Q2'16, Q1'16 and Q4'15, respectively, and (ii) dividends on preferred shares of $19 million, $21 million, $19 million, $21 million and $20 million in Q4'16, Q3'16, Q2'16, Q1'16 and Q4'15, respectively.
(B)		Within assets, "other" includes the following items as presented in the Company’s Consolidated Balance Sheets: Other receivables, Other loans (including merchant financing loans), Premises and equipment and Other assets; and within liabilities, "other" includes the following items: Travelers Cheques and other prepaid products, Accounts payable and Other liabilities.
(C)		Return on average equity and return on average common equity are calculated by dividing one year period net income/net income attributable to common shareholders by one year average total shareholders’ equity/average common shareholders' equity, respectively.  Refer to Appendix I for components of return on average equity and return on average common equity.
(D)		These ratios represent preliminary estimates for the current period as of the date of Fourth Quarter 2016 Earnings Release and may be revised in the Company’s 2016 Form 10-K.
(E)		The Company is required to calculate a Supplementary Leverage Ratio, which is defined as Tier 1 Capital divided by Total Leverage Exposure. The Total Leverage Exposure reflects average total consolidated assets with adjustments for Tier 1 Capital deductions and includes off-balance sheet derivatives exposures, repo-style transactions and credit equivalents of undrawn commitments that are both conditionally and unconditionally cancellable.
(F)		Presented for the purpose of calculating the Tier 1 Leverage Ratio.
(G)		Estimated Common Equity Tier 1 Capital, Tier 1 Capital, Risk-Weighted Assets and Average Total Assets for Supplementary Leverage Capital purposes under the fully phased-in Basel III rules reflect the Company’s current interpretation of the fully phased-in Basel III rules using the standardized approach. The estimated fully phased-in Basel III amounts could change in the future if the Company’s business changes.
(H)		The Common Equity Tier 1 Capital ratio under the fully phased-in Basel III rules is calculated as Common Equity Tier 1 Capital under fully phased-in Basel III rules divided by estimated Risk-Weighted Assets under fully phased-in Basel III rules.
(I)		The Tier 1 Risk-Based Capital ratio under the fully phased-in Basel III rules is calculated as Tier 1 Risk-Based Capital under the fully phased-in Basel III rules divided by estimated Risk-Weighted Assets under the fully phased-in Basel III rules.
(J)		The fully phased-in Basel III Supplementary Leverage Ratio is calculated by dividing fully phased-in Basel III Tier 1 Capital by Total Leverage Exposure (refer to Footnote F for a definition of Total Leverage Exposure).
(K)		Card billed business includes activities (including cash advances) related to proprietary cards, cards issued under network partnership agreements (non-proprietary billed business), and certain insurance fees charged on proprietary cards.  In-store spend activity within retail cobrand portfolios in GNS, from which the Company earns no revenue, is not included.  Card billed business is reflected in the United States or outside the United States based on where the issuer is located. Effective Q1'16, as a result of system enhancements, certain balances have been reclassified between United States and outside the United States.
(L)		Total cards-in-force represents the number of cards that are issued and outstanding.  Proprietary basic consumer cards-in-force includes basic cards issued to the primary account owner and does not include supplemental cards issued on that account.  Proprietary basic small business and corporate cards-in-force include basic and supplemental cards issued to employee Card Members.  Non-proprietary cards-in-force includes all cards that are issued and outstanding under network partnership agreements, except for retail cobrand Card Member accounts that have no out-of-store spend activity during the prior 12-month period.
(M)		Average basic Card Member spending and average fee per card are computed from proprietary card activities only. Average fee per card is computed based on net card fees divided by average worldwide proprietary cards-in-force.
(N)		Effective December 1, 2015, the Company reclassified the Card Member loans and receivables related to its cobrand partnerships with Costco in the U.S. and JetBlue, to reflect them as Held for Sale (HFS) on the Consolidated Balance Sheets.  The loans were reclassified at their net carrying amount, inclusive of the related reserves for losses.  Accordingly, Card Member loans and receivables and the related credit metrics are presented excluding the HFS loans and receivables for periods subsequent to the reclassification.
(O)		This calculation is generally designed to reflect pricing at merchants accepting general-purpose American Express cards.  It represents the percentage of billed business (generated from both proprietary and GNS Card Member spending) retained by the Company from merchants it acquires, or for merchants acquired by a third party on its behalf, net of amounts retained by such third party.
(P)		Provisions for principal, interest and/or fee reserve components.
(Q)		Consists of principal, interest and/or fees, less recoveries.
(R)		Card Member loans includes reserves of $60 million and $7 million in Q2’16 and Q1’16, respectively, related to loan balances of $245 million and $20 million, in the same respective periods, reclassified from HFS to held for investment. Q4'15 Card Member receivables include $1 million for the Reserves transferred to HFS. In addition, Other includes foreign currency translation adjustments and other items for all periods.
(S)		The Company presents a net write-off rate based on principal losses only (i.e., excluding interest and/or fees) to be consistent with industry convention.  In addition, because the Company's practice is to include uncollectible interest and/or fees as part of its total provision for losses, a net write-off rate including principal, interest and/or fees is also presented.
(T)		GCP includes global, large and middle markets corporate accounts.
(U)		See Appendix III for calculations of net interest yield on Card Member loans, a non-GAAP measure, and net interest income divided by average loans, a GAAP measure, and the Company's rationale for presenting net interest yield on Card Member loans.
(V)		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 the foreign exchange rates used to determine results for Q4'16 apply to the period(s) against which such results are being compared).  The Company believes the presentation of information on an FX-adjusted basis is helpful to investors by making it easier to compare the Company's performance in one period to that of another period without the variability caused by fluctuations in currency exchange rates.
(W)		Captions not designated as “proprietary” or “GNS” include both proprietary and GNS data.
(X)		Included in ICNS.
(Y)		Included in USCS.
(Z)		Included in GCS.
(AA)		Segment capital represents capital allocated to a segment based upon specific business operational needs, risk measures, and regulatory capital requirements.  Return on average segment capital is calculated by dividing one year period segment income by one year average segment capital.  Refer to Appendix II for components of return on average segment capital.
(AB)		GSBS includes small business in the U.S. and international small business services.
(AC)		International GSBS Card Member loans and associated credit metrics continue to be reported within the international consumer business, in the ICNS segment, due to certain system limitations.  These loans are insignificant to both ICNS and GCS.
(AD)		Adjusted net interest income, a non-GAAP measure that represents net interest income attributable to our Card Member loans and loans HFS (which includes, on a GAAP basis, interest that is deemed uncollectible), excluding the impact of interest expense and interest income not attributable to our Card Member loans. The Company believes adjusted net interest income is useful to investors because it is a component of net interest yield on Card Member loans.
(AE)		This calculation includes elements of total interest income and total interest expense that are not attributable to the Card Member loan portfolio, and thus is not representative of net interest yield on Card Member loans. The calculation includes interest income and interest expense attributable to investment securities and other interest-bearing deposits as well as to Card Member loans, and interest expense attributable to other activities, including Card Member receivables.
(AF)		Net interest yield on Card Member loans, a non-GAAP measure that is computed by dividing adjusted net interest income by average loans, computed on an annualized basis.  Reserves and net write-offs related to uncollectible interest are recorded through provisions for losses and are thus not included in the net interest yield calculation. Effective January 1, 2016, net interest yield also includes an insignificant amount of net interest income and loans related to certain non-traditional Card Member loans.  The prior periods have been revised to conform with this presentation.  The Company believes net interest yield on Card Member loans is useful to investors because it provides a measure of profitability of the Company's Card Member loan portfolio.
(AG)		Represents estimated Discount revenue from Costco in the U.S. for spend on American Express cards and from other merchants for spend on the Costco cobrand card as well as Other fees and commissions and Interest income from Costco cobrand Card Members.
(AH)		Beginning December 1, 2015 through to the sale completion dates, Total provision for losses did not reflect the HFS portfolios, as credit costs were reported in Other, net expense through a valuation allowance adjustment.
(AI)		Represents Costco cobrand card billed business (in-store and out-of-store) and billed business on other (non-Costco cobrand) American Express cards at Costco in the U.S.