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

# - 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)

		Q2'17				Q1'17				Q4'16				Q3'16				Q2'16				YOY % change
Assets
Cash & cash equivalents		$	30			$	29			$	25			$	27			$	34				(12	)
Card Member receivables, less reserves			49				47				47				45				45				9
Card Member Loans, less reserves			65				62				64				60				59				10
Investment securities			3				4				3				4				4				(25	)
Other (B)			20				19				20				17				18				11
Total assets		$	167			$	161			$	159			$	153			$	160				4
Liabilities and Shareholders' Equity
Customer deposits		$	58			$	54			$	53			$	54			$	54				7
Short-term borrowings			3				4				6				3				2				50
Long-term debt			52				52				47				45				51				2
Other (B)			33				30				32				30				32				3
Total liabilities			146				140				138				132				139				5
Shareholders' Equity			21				21				21				21				21				-
Total liabilities and shareholders' equity		$	167			$	161			$	159			$	153			$	160				4
Return on average equity (C)			21.7	%			25.1	%			26.0	%			26.1	%			26.4	%
Return on average common equity (C)			22.9	%			26.5	%			27.5	%			27.6	%			27.9	%
Book value per common share (dollars)		$	22.14			$	21.62			$	20.93			$	21.20			$	20.67				7

# - 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)

		Q2'17				Q1'17				Q4'16				Q3'16				Q2'16				YOY % change				FY'17				FY'16				YOY % change
Card billed business (K)
United States		$	177.6			$	165.4			$	174.4			$	164.6			$	185.1				(4	)		$	343.0			$	361.4				(5	)
Outside the United States			92.0				86.9				88.8				86.6				84.2				9				178.9				161.7				11
Worldwide		$	269.6			$	252.3			$	263.2			$	251.2			$	269.3				-			$	521.9			$	523.1				-
Total cards-in-force (L) (millions)
United States			48.9				48.2				47.5				47.1				47.0				4				48.9				47.0				4
Outside the United States			63.3				63.0				62.4				61.7				61.2				3				63.3				61.2				3
Worldwide			112.2				111.2				109.9				108.8				108.2				4				112.2				108.2				4
Basic cards-in-force (L) (millions)
United States			38.6				38.1				37.4				37.0				37.0				4				38.6				37.0				4
Outside the United States			52.6				52.2				51.7				51.1				50.5				4				52.6				50.5				4
Worldwide			91.2				90.3				89.1				88.1				87.5				4				91.2				87.5				4
Average basic Card Member spending (M) (dollars)
United States		$	5,128			$	4,859			$	5,181			$	4,937			$	4,672				10			$	9,989			$	8,941				12
Outside the United States		$	3,468			$	3,283			$	3,401			$	3,264			$	3,319				4			$	6,752			$	6,404				5
Worldwide		$	4,633			$	4,387			$	4,647			$	4,433			$	4,313				7			$	9,022			$	8,280				9
Card Member loans (N)
United States		$	58.5			$	56.6			$	58.3			$	53.9			$	53.2				10			$	58.5			$	53.2				10
Outside the United States		$	7.5			$	7.0			$	7.0			$	6.7			$	6.7				12			$	7.5			$	6.7				12
Worldwide		$	66.0			$	63.6			$	65.3			$	60.6			$	59.9				10			$	66.0			$	59.9				10
Average discount rate (O)			2.44	%			2.45	%			2.44	%			2.47	%			2.43	%							2.44	%			2.43	%
Average fee per card (dollars) (M)		$	49			$	48			$	47			$	49			$	42				17			$	49			$	41				20

# - Denotes a variance of more than 100 percent.

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

		Q2'17				Q1'17				Q4'16				Q3'16				Q2'16				YOY % change				FY'17				FY'16				YOY % change
Worldwide Card Member receivables (N)
Total receivables		$	49.4			$	47.6			$	47.3			$	45.3			$	45.2				9			$	49.4			$	45.2				9
Loss reserves (millions):
Beginning balance		$	491			$	467			$	437			$	423			$	446				10			$	467			$	462				1
Provisions (P)			163				213				200				174				153				7				376				322				17
Net write-offs (Q)			(179	)			(194	)			(156	)			(159	)			(173	)			3				(373	)			(359	)			4
Other (R)			-				5				(14	)			(1	)			(3	)			#				5				(2	)			#
Ending balance		$	475			$	491			$	467			$	437			$	423				12			$	475			$	423				12
% of receivables			1.0	%			1.0	%			1.0	%			1.0	%			0.9	%							1.0	%			0.9	%
Net write-off rate, excluding Global Corporate Payments (GCP) (principal only) (S)			1.5	%			1.7	%			1.3	%			1.4	%			1.6	%							1.6	%			1.7	%
Net write-off rate, excluding GCP (principal and fees) (S)			1.7	%			2.0	%			1.5	%			1.6	%			1.8	%							1.8	%			2.0	%
30+ days past due as a % of total, excluding GCP			1.3	%			1.5	%			1.4	%			1.4	%			1.3	%							1.3	%			1.3	%
GCP Net loss ratio (as a % of charge volume) (T)			0.10	%			0.11	%			0.10	%			0.11	%			0.09	%							0.10	%			0.09	%
GCP 90+ days past billing as a % of total (T)			0.8	%			0.7	%			0.9	%			0.8	%			0.7	%							0.8	%			0.7	%
Worldwide Card Member loans (N)
Total loans		$	66.0			$	63.6			$	65.3			$	60.6			$	59.9				10			$	66.0			$	59.9				10
Loss reserves (millions):
Beginning balance		$	1,248			$	1,223			$	1,114			$	1,091			$	1,012				23			$	1,223			$	1,028				19
Provisions (P)			404				337				404				319				285				42				741				512				45
Net write-offs - principal (Q)			(285	)			(272	)			(243	)			(250	)			(223	)			28				(557	)			(437	)			27
Net write-offs - interest and fees (Q)			(55	)			(51	)			(47	)			(48	)			(40	)			38				(106	)			(80	)			33
Other (R)			8				11				(5	)			2				57				(86	)			19				68				(72	)
Ending balance		$	1,320			$	1,248			$	1,223			$	1,114			$	1,091				21			$	1,320			$	1,091				21
Ending reserves - principal		$	1,247			$	1,179			$	1,160			$	1,050			$	1,037				20			$	1,247			$	1,037				20
Ending reserves - interest and fees		$	73			$	69			$	63			$	64			$	54				35			$	73			$	54				35
% of loans			2.0	%			2.0	%			1.9	%			1.8	%			1.8	%							2.0	%			1.8	%
% of past due			167	%			158	%			161	%			160	%			160	%							167	%			160	%
Average loans		$	65.1			$	63.9			$	62.6			$	60.3			$	58.8				11			$	64.6			$	58.2				11
Net write-off rate (principal only) (S)			1.8	%			1.7	%			1.6	%			1.7	%			1.5	%							1.7	%			1.5	%
Net write-off rate (principal, interest and fees) (S)			2.1	%			2.0	%			1.9	%			2.0	%			1.8	%							2.1	%			1.8	%
30+ days past due loans as a % of total			1.2	%			1.2	%			1.2	%			1.1	%			1.1	%							1.2	%			1.1	%
Net interest income divided by average loans (U)			9.4	%			9.4	%			9.0	%			8.8	%			8.6	%							9.4	%			8.8	%
Net interest yield on Card Member loans (U)			10.3	%			10.3	%			9.9	%			9.8	%			9.5	%							10.3	%			9.6	%

# - 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)
Q2'17
Non-interest revenues		$	1,999			$	1,247			$	2,368			$	1,086			$	77			$	6,777
Interest income			1,369				246				334				1				102				2,052
Interest expense			171				60				129				(65	)			227				522
Total revenues net of interest expense			3,197				1,433				2,573				1,152				(48	)			8,307
Total provision			345				84				154				0				1				584
Pretax income (loss)			669				275				773				680				(448	)			1,949
Income tax provision (benefit)			229				66				273				250				(209	)			609
Net income (loss)			440				209				500				430				(239	)			1,340
Q2'16
Non-interest revenues		$	2,069			$	1,242			$	2,280			$	1,087			$	108			$	6,786
Interest income			1,278				234				310				1				62				1,885
Interest expense			139				58				104				(61	)			196				436
Total revenues net of interest expense			3,208				1,418				2,486				1,149				(26	)			8,235
Total provision			237				78				139				5				4				463
Pretax income (loss)			1,698				273				910				597				(462	)			3,016
Income tax provision (benefit)			631				45				334				224				(233	)			1,001
Net income (loss)			1,067				228				576				373				(229	)			2,015
YOY % change
Non-interest revenues			(3	)			-				4				-				(29	)			-
Interest income			7				5				8				-				65				9
Interest expense			23				3				24				7				16				20
Total revenues net of interest expense			(0	)			1				3				-				85				1
Total provision			46				8				11				#				(75	)			26
Pretax income (loss)			(61	)			1				(15	)			14				(3	)			(35	)
Income tax provision (benefit)			(64	)			47				(18	)			12				(10	)			(39	)
Net income (loss)			(59	)			(8	)			(13	)			15				4				(33	)

# - Denotes a variance of more than 100 percent.

American Express Company	(Preliminary)
Billed Business Growth Trend

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

		Q2'17				Q1'17				Q4'16				Q3'16				Q2'16				YOY % change				FY'17				FY'16				YOY % change
Non-interest revenues		$	1,999			$	1,857			$	1,927			$	1,849			$	2,069				(3	)		$	3,856			$	4,098				(6	)
Interest income			1,369				1,308				1,235				1,178				1,278				7				2,677				2,669				-
Interest expense			171				146				132				125				139				23				317				279				14
Net interest income			1,198				1,162				1,103				1,053				1,139				5				2,360				2,390				(1	)
Total revenues net of interest expense			3,197				3,019				3,030				2,902				3,208				-				6,216				6,488				(4	)
Provisions for losses			345				294				363				275				237				46				639				427				50
Total revenues net of interest expense after provisions for losses			2,852				2,725				2,667				2,627				2,971				(4	)			5,577				6,061				(8	)
Expenses
Marketing, promotion, rewards, Card Member services and other			1,469				1,297				1,425				1,274				1,369				7				2,766				2,717				2
Salaries and employee benefits and other operating expenses			714				728				761				738				(96	)			#				1,442				559				#
Total expenses			2,183				2,025				2,186				2,012				1,273				71				4,208				3,276				28
Pretax segment income			669				700				481				615				1,698				(61	)			1,369				2,785				(51	)
Income tax provision			229				231				130				214				631				(64	)			460				1,024				(55	)
Segment income		$	440			$	469			$	351			$	401			$	1,067				(59	)		$	909			$	1,761				(48	)
Effective tax rate			34.2	%			33.0	%			27.0	%			34.8	%			37.2	%							33.6	%			36.8	%
(Billions, except percentages and where indicated)
Card billed business		$	84.8			$	77.5			$	84.3			$	78.6			$	93.4				(9	)		$	162.2			$	182.4				(11	)
Total cards-in-force (millions)			33.8				33.2				32.7				32.3				31.8				6				33.8				31.8				6
Basic cards-in-force (millions)			24.2				23.7				23.3				22.9				22.6				7				24.2				22.6				7
Average basic Card Member spending (dollars) (M)		$	3,538			$	3,297			$	3,643			$	3,452			$	3,417				4			$	6,837			$	6,523				5
Total segment assets		$	86.8			$	81.2			$	87.4			$	79.4			$	81.3				7			$	86.8			$	81.3				7
Segment capital (AA)		$	7.1			$	7.1			$	7.2			$	7.5			$	6.8				4			$	7.1			$	6.8				4
Return on average segment capital (AA)			23.3	%			31.9	%			34.9	%			37.4	%			38.9	%							23.3	%			38.9	%
Card Member receivables: (N)
Total receivables		$	11.3			$	10.9			$	12.3			$	10.1			$	10.6				7			$	11.3			$	10.6				7
30+ days past due as a % of total			1.1	%			1.3	%			1.2	%			1.4	%			1.2	%							1.1	%			1.2	%
Net write-off rate (principal only) (S)			1.2	%			1.5	%			1.3	%			1.1	%			1.3	%							1.4	%			1.5	%
Net write-off rate (principal and fees) (S)			1.4	%			1.7	%			1.5	%			1.3	%			1.6	%							1.5	%			1.8	%
Card Member loans: (N)
Total loans		$	48.3			$	46.7			$	48.8			$	44.9			$	44.6				8			$	48.3			$	44.6				8
30+ days past due loans as a % of total			1.1	%			1.2	%			1.1	%			1.1	%			1.1	%							1.1	%			1.1	%
Average loans		$	47.7			$	47.2			$	46.5			$	44.8			$	43.5				10			$	47.6			$	43.1				10
Net write-off rate (principal only) (S)			1.8	%			1.7	%			1.5	%			1.6	%			1.5	%							1.7	%			1.5	%
Net write-off rate (principal, interest and fees) (S)			2.1	%			2.0	%			1.8	%			1.9	%			1.7	%							2.0	%			1.7	%
Net interest income divided by average loans (U)			10.0	%			9.8	%			9.5	%			9.4	%			9.0	%							9.9	%			9.1	%
Net interest yield on Card Member loans (U)			10.1	%			10.0	%			9.6	%			9.5	%			9.1	%							10.0	%			9.3	%

# - Denotes a variance of more than 100 percent.

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

		Q2'17				Q1'17				Q4'16				Q3'16				Q2'16				YOY % change				FY'17				FY'16				YOY % change
Non-interest revenues		$	1,247			$	1,195			$	1,198			$	1,205			$	1,242				-			$	2,442			$	2,382				3
Interest income			246				235				230				231				234				5				481				461				4
Interest expense			60				53				52				55				58				3				113				112				1
Net interest income			186				182				178				176				176				6				368				349				5
Total revenues net of interest expense			1,433				1,377				1,376				1,381				1,418				1				2,810				2,731				3
Provisions for losses			84				66				92				84				78				8				150				149				1
Total revenues net of interest expense after provisions for losses			1,349				1,311				1,284				1,297				1,340				1				2,660				2,582				3
Expenses
Marketing, promotion, rewards, Card Member services and other			561				505				642				554				500				12				1,066				981				9
Salaries and employee benefits and other operating expenses			513				514				560				535				567				(10	)			1,027				1,073				(4	)
Total expenses			1,074				1,019				1,202				1,089				1,067				1				2,093				2,054				2
Pretax segment income			275				292				82				208				273				1				567				528				7
Income tax provision/(benefit)			66				74				(2	)			53				45				47				140				112				25
Segment income		$	209			$	218			$	84			$	155			$	228				(8	)		$	427			$	416				3
Effective tax rate			24.0	%			25.3	%			(2.4	%)			25.5	%			16.5	%							24.7	%			21.2	%
(Billions, except percentages and where indicated)
Card billed business
Proprietary		$	28.9			$	26.6			$	28.1			$	26.6			$	26.5				9			$	55.5			$	51.2				8
Global Network Services (GNS)		$	45.8			$	43.4			$	44.6			$	44.8			$	43.8				5			$	89.2			$	84.3				6
Total		$	74.7			$	70.0			$	72.7			$	71.4			$	70.3				6			$	144.7			$	135.5				7
Total cards-in-force (millions)
Proprietary			15.4				15.3				15.0				14.8				15.0				3				15.4				15.0				3
GNS			49.2				49.0				48.6				48.1				48.0				3				49.2				48.0				3
Total			64.6				64.3				63.6				62.9				63.0				3				64.6				63.0				3
Proprietary basic cards-in-force (millions)			10.6				10.5				10.3				10.3				10.3				3				10.6				10.3				3
Average basic Card Member spending (dollars) (M)		$	2,726			$	2,542			$	2,720			$	2,596			$	2,609				4			$	5,269			$	5,066				4
Total segment assets		$	37.6			$	36.1			$	35.7			$	34.4			$	35.0				7			$	37.6			$	35.0				7
Segment capital (AA)		$	2.8			$	2.7			$	2.5			$	2.7			$	2.6				8			$	2.8			$	2.6				8
Return on average segment capital (AA)			25.2	%			26.4	%			25.4	%			26.4	%			25.5	%							25.2	%			25.5	%
Card Member receivables:
Total receivables		$	6.0			$	5.5			$	6.0			$	5.6			$	5.6				7			$	6.0			$	5.6				7
30+ days past due as a % of total			1.4	%			1.5	%			1.3	%			1.5	%			1.4	%							1.4	%			1.4	%
Net write-off rate (principal only) (S)			1.9	%			2.1	%			1.8	%			2.0	%			2.2	%							2.0	%			2.2	%
Net write-off rate (principal and fees) (S)			2.0	%			2.3	%			1.9	%			2.2	%			2.3	%							2.2	%			2.4	%
Card Member loans:
Total loans		$	7.2			$	6.8			$	7.0			$	6.7			$	6.6				9			$	7.2			$	6.6				9
30+ days past due loans as a % of total			1.7	%			1.7	%			1.6	%			1.7	%			1.7	%							1.7	%			1.7	%
Average loans		$	7.1			$	6.9			$	6.8			$	6.7			$	6.8				4			$	7.0			$	6.8				3
Net write-off rate (principal only) (S)			2.0	%			2.0	%			2.0	%			2.1	%			2.1	%							2.0	%			2.0	%
Net write-off rate (principal, interest and fees) (S)			2.5	%			2.5	%			2.5	%			2.6	%			2.5	%							2.5	%			2.4	%
Net interest income divided by average loans (U)			10.5	%			10.6	%			10.5	%			10.5	%			10.4	%							10.5	%			10.3	%
Net interest yield on Card Member loans (U)			11.2	%			11.1	%			11.0	%			11.2	%			10.8	%							11.1	%			10.8	%

# - Denotes a variance of more than 100 percent.

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

		Q2'17				Q1'17				Q4'16				Q3'16				Q2'16				YOY % change				FY'17				FY'16				YOY % change
Non-interest revenues		$	2,368			$	2,271			$	2,297			$	2,240			$	2,280				4			$	4,639			$	4,470				4
Interest income			334				319				296				282				310				8				653				631				3
Interest expense			129				109				104				98				104				24				238				199				20
Net interest income			205				210				192				184				206				-				415				432				(4	)
Total revenues net of interest expense			2,573				2,481				2,489				2,424				2,486				3				5,054				4,902				3
Provisions for losses			154				208				171				134				139				11				362				299				21
Total revenues net of interest expense after provisions for losses			2,419				2,273				2,318				2,290				2,347				3				4,692				4,603				2
Expenses
Marketing, promotion, rewards, Card Member services and other			949				938				983				808				841				13				1,887				1,607				17
Salaries and employee benefits and other operating expenses			697				705				790				753				596				17				1,402				1,325				6
Total expenses			1,646				1,643				1,773				1,561				1,437				15				3,289				2,932				12
Pretax segment income			773				630				545				729				910				(15	)			1,403				1,671				(16	)
Income tax provision			273				212				163				263				334				(18	)			485				610				(20	)
Segment income		$	500			$	418			$	382			$	466			$	576				(13	)		$	918			$	1,061				(13	)
Effective tax rate			35.3	%			33.7	%			29.9	%			36.1	%			36.7	%							34.6	%			36.5	%
(Billions, except percentages and where indicated)
Card billed business		$	109.0			$	102.8			$	105.1			$	100.1			$	104.3				5			$	211.9			$	202.8				4
Total cards-in-force (millions)			13.8				13.7				13.6				13.6				13.4				3				13.8				13.4				3
Basic cards-in-force (millions)			13.8				13.7				13.6				13.6				13.4				3				13.8				13.4				3
Average basic Card Member spending (dollars) (M)		$	7,920			$	7,533			$	7,729			$	7,386			$	7,060				12			$	15,455			$	13,592				14
Total segment assets		$	51.0			$	48.3			$	46.5			$	46.8			$	46.2				10			$	51.0			$	46.2				10
Segment capital (AA)		$	7.4			$	7.2			$	7.0			$	7.3			$	7.7				(3	)		$	7.4			$	7.7				(3	)
Return on average segment capital (AA)			24.2	%			25.4	%			26.4	%			28.0	%			28.1	%							24.2	%			28.1	%
Card Member receivables (N)		$	32.1			$	31.2			$	29.0			$	29.6			$	29.1				10			$	32.1			$	29.1				10
Card Member loans (N)		$	10.4			$	10.0			$	9.5			$	9.1			$	8.7				20			$	10.4			$	8.7				20
Card Member receivables: (N)
Total receivables - GCP  (T)		$	16.9			$	16.6			$	14.8			$	15.8			$	15.3				10			$	16.9			$	15.3				10
90+ days past billing as a % of total - GCP (T)			0.8	%			0.7	%			0.9	%			0.8	%			0.7	%							0.8	%			0.7	%
Net loss ratio (as a % of charge volume) - GCP (T)			0.10	%			0.11	%			0.10	%			0.11	%			0.09	%							0.10	%			0.09	%
Total receivables - Global Small Business Services (GSBS) (AB)		$	15.2			$	14.6			$	14.3			$	13.8			$	13.7				11			$	15.2			$	13.7				11
30+ days past due as a % of total - GSBS			1.4	%			1.6	%			1.6	%			1.5	%			1.4	%							1.4	%			1.4	%
Net write-off rate (principal only) - GSBS (S)			1.6	%			1.8	%			1.2	%			1.3	%			1.6	%							1.7	%			1.7	%
Net write-off rate (principal and fees) - GSBS (S)			1.8	%			2.0	%			1.4	%			1.5	%			1.9	%							1.9	%			2.0	%
Card Member loans: (N) (AC)
Total loans - GSBS		$	10.3			$	10.0			$	9.5			$	9.0			$	8.6				20			$	10.3			$	8.6				20
30+ days past due as a % of total - GSBS			1.1	%			1.2	%			1.1	%			1.1	%			1.1	%							1.1	%			1.1	%
Average loans - GSBS		$	10.1			$	9.6			$	9.3			$	8.8			$	8.5				19			$	9.8			$	8.3				18
Net write-off rate (principal only) - GSBS (S)			1.5	%			1.6	%			1.4	%			1.5	%			1.3	%							1.5	%			1.3	%
Net write-off rate (principal, interest and fees) - GSBS (S)			1.8	%			1.8	%			1.7	%			1.8	%			1.6	%							1.8	%			1.6	%
Net interest income divided by average loans (U)			8.0	%			8.7	%			8.3	%			8.3	%			8.2	%							8.3	%			8.6	%
Net interest yield on Card Member loans (U)			10.9	%			11.1	%			10.6	%			10.6	%			10.3	%							11.0	%			10.5	%

# - Denotes a variance of more than 100 percent.

Global Merchant Services

(Preliminary)

Selected Income Statement and Statistical Information

(Millions, except percentages)

		Q2'17				Q1'17				Q4'16				Q3'16				Q2'16				YOY % change				FY'17				FY'16				YOY % change
Non-interest revenues		$	1,086			$	1,017			$	1,063			$	1,044			$	1,087				-			$	2,103			$	2,128				(1	)
Interest income			1				-				-				-				1				-				1				1				-
Interest expense			(65	)			(58	)			(57	)			(60	)			(61	)			7				(123	)			(120	)			3
Net interest income			66				58				57				60				62				6				124				121				2
Total revenues net of interest expense			1,152				1,075				1,120				1,104				1,149				-				2,227				2,249				(1	)
Provisions for losses			-				3				4				8				5				#				3				13				(77	)
Total revenues net of interest expense after provisions for losses			1,152				1,072				1,116				1,096				1,144				1				2,224				2,236				(1	)
Expenses
Marketing, promotion, rewards, Card Member services and other			37				32				61				55				58				(36	)			69				116				(41	)
Salaries and employee benefits and other operating expenses			435				473				499				470				489				(11	)			908				952				(5	)
Total expenses			472				505				560				525				547				(14	)			977				1,068				(9	)
Pretax segment income			680				567				556				571				597				14				1,247				1,168				7
Income tax provision			250				204				187				212				224				12				454				438				4
Segment income		$	430			$	363			$	369			$	359			$	373				15			$	793			$	730				9
Effective tax rate			36.8	%			36.0	%			33.6	%			37.1	%			37.5	%							36.4	%			37.5	%
Loyalty Coalition revenue		$	114			$	102			$	106			$	106			$	104				10			$	216			$	198				9
(Billions, except percentages and where indicated)
Average discount rate (O)			2.44	%			2.45	%			2.44	%			2.47	%			2.43	%							2.44	%			2.43	%
Total segment assets		$	25.5			$	24.5			$	24.3			$	23.2			$	24.1				6			$	25.5			$	24.1				6
Segment capital (AA)		$	2.7			$	2.7			$	2.5			$	2.3			$	2.4				13			$	2.7			$	2.4				13
Return on average segment capital (AA)			59.8	%			59.1	%			60.2	%			59.9	%			61.9	%							59.8	%			61.9	%

# - 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
		Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
		2017				2017				2016				2016				2016
ROE
Net income		$	4,544			$	5,219			$	5,408			$	5,482			$	5,606
Average shareholders' equity		$	20,909			$	20,786			$	20,805			$	20,969			$	21,195
Return on average equity (C)			21.7	%			25.1	%			26.0	%			26.1	%			26.4	%
Reconciliation of ROCE
Net income		$	4,544			$	5,219			$	5,408			$	5,482			$	5,606
Preferred shares dividends and related accretion			80				80				80				81				82
Earnings allocated to participating share awards and other			36				42				43				43				44
Net income attributable to common shareholders		$	4,428			$	5,097			$	5,285			$	5,358			$	5,480
Average shareholders' equity		$	20,909			$	20,786			$	20,805			$	20,969			$	21,195
Average preferred shares			1,584				1,584				1,584				1,584				1,584
Average common shareholders' equity		$	19,325			$	19,202			$	19,221			$	19,385			$	19,611
Return on average common equity (C)			22.9	%			26.5	%			27.5	%			27.6	%			27.9	%

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

		For the Twelve Months Ended
		Jun 30,				Mar 31,				Dec 31,				Sep 30,				Jun 30,
		2017				2017				2016				2016				2016
U.S. Consumer Services
Segment income		$	1,661			$	2,288			$	2,513			$	2,703			$	2,843
Average segment capital (AA)		$	7,133			$	7,184			$	7,204			$	7,235			$	7,318
Return on average segment capital (AA)			23.3	%			31.9	%			34.9	%			37.4	%			38.9	%
International Consumer and Network Services
Segment income		$	666			$	685			$	655			$	711			$	711
Average segment capital (AA)		$	2,646			$	2,592			$	2,577			$	2,695			$	2,790
Return on average segment capital (AA)			25.2	%			26.4	%			25.4	%			26.4	%			25.5	%
Global Commercial Services
Segment income		$	1,766			$	1,842			$	1,909			$	2,014			$	2,016
Average segment capital (AA)		$	7,290			$	7,262			$	7,237			$	7,202			$	7,170
Return on average segment capital (AA)			24.2	%			25.4	%			26.4	%			28.0	%			28.1	%
Global Merchant Services
Segment income		$	1,521			$	1,464			$	1,458			$	1,453			$	1,491
Average segment capital (AA)		$	2,546			$	2,478			$	2,420			$	2,425			$	2,409
Return on average segment capital (AA)			59.8	%			59.1	%			60.2	%			59.9	%			61.9	%

American Express Company

(Preliminary)

Appendix III

Net Interest Yield on Card Member Loans

(Millions, except percentages and where indicated)

		Q2'17				Q1'17				Q4'16				Q3'16				Q2'16				FY'17				FY'16
Consolidated
Net interest income		$	1,530			$	1,500			$	1,408			$	1,334			$	1,449			$	3,030			$	3,029
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio			302				252				238				261				247				554				485
Interest income not attributable to the Company's Card Member loan portfolio			(155	)			(130	)			(94	)			(104	)			(102	)			(285	)			(205	)
Adjusted net interest income (AD)		$	1,677			$	1,622			$	1,552			$	1,491			$	1,594			$	3,299			$	3,309
Average loans including Held for Sale (billions)		$	65.1			$	63.9			$	62.6			$	60.3			$	67.6			$	64.6			$	69.2
Net interest income divided by average loans (AE)			9.4	%			9.4	%			9.0	%			8.8	%			8.6	%			9.4	%			8.8	%
Net interest yield on Card Member loans (AF)			10.3	%			10.3	%			9.9	%			9.8	%			9.5	%			10.3	%			9.6	%
U.S. Consumer Services
Net interest income		$	1,198			$	1,162			$	1,103			$	1,053			$	1,139			$	2,360			$	2,390
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio			28				23				21				20				20				51				39
Interest income not attributable to the Company's Card Member loan portfolio			(23	)			(18	)			(8	)			(6	)			(5	)			(41	)			(10	)
Adjusted net interest income (AD)		$	1,203			$	1,167			$	1,116			$	1,067			$	1,154			$	2,370			$	2,419
Average loans including Held for Sale (billions)		$	47.7			$	47.2			$	46.5			$	44.8			$	50.8			$	47.6			$	52.3
Net interest income divided by average loans (AE)			10.0	%			9.8	%			9.5	%			9.4	%			9.0	%			9.9	%			9.1	%
Net interest yield on Card Member loans (AF)			10.1	%			10.0	%			9.6	%			9.5	%			9.1	%			10.0	%			9.3	%
International Consumer and Network Services
Net interest income		$	186			$	182			$	178			$	176			$	176			$	368			$	349
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio			14				10				11				12				10				24				21
Interest income not attributable to the Company's Card Member loan portfolio			(3	)			(3	)			-				-				(4	)			(6	)			(7	)
Adjusted net interest income (AD)		$	197			$	189			$	189			$	188			$	182			$	386			$	363
Average loans (billions)		$	7.1			$	6.9			$	6.8			$	6.7			$	6.8			$	7.0			$	6.8
Net interest income divided by average loans (AE)			10.5	%			10.6	%			10.5	%			10.5	%			10.4	%			10.5	%			10.3	%
Net interest yield on Card Member loans (AF)			11.2	%			11.1	%			11.0	%			11.2	%			10.8	%			11.1	%			10.8	%
Global Commercial Services
Net interest income		$	205			$	210			$	193			$	184			$	206			$	415			$	432
Exclude:
Interest expense not attributable to the Company's Card Member loan portfolio			99				83				81				79				80				182				152
Interest income not attributable to the Company's Card Member loan portfolio			(27	)			(27	)			(26	)			(28	)			(29	)			(54	)			(57	)
Adjusted net interest income (AD)		$	277			$	266			$	248			$	235			$	257			$	543			$	527
Average loans including Held for Sale (billions)		$	10.2			$	9.7			$	9.3			$	8.8			$	10.0			$	10.0			$	10.1
Net interest income divided by average loans (AE)			8.0	%			8.7	%			8.3	%			8.3	%			8.2	%			8.3	%			8.5	%
Net interest yield on Card Member loans (AF)			10.9	%			11.1	%			10.6	%			10.6	%			10.3	%			11.0	%			10.5	%

American Express Company							(Preliminary)
Appendix IV
Reconciliations of Adjustments
(Millions, except percentages)

		Q2'17				Q2'16				YOY % Change
Adjusted Total Revenues Net of Interest Expense
Total revenues net of interest expense		$	8,307			$	8,235				1
Estimated Costco-related revenues (AG)			-				530
Adjusted total revenues net of interest expense		$	8,307			$	7,705				8
FX-adjusted Adjusted Total revenues net of interest expense (V)		$	8,307			$	7,657				8
Adjusted Operating Expenses
Operating expenses (AH)		$	2,669			$	1,921				39
Gain on sale of Costco portfolio (pre-tax)			-				1,091
Restructuring charge (pre-tax)			-				232
Adjusted Operating Expenses		$	2,669			$	2,780				(4	)

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 $11 million, $10 million, $6 million, $9 million and $17 million in Q2'17, Q1'17, Q4'16, Q3'16 and Q2'16, respectively, and (ii) dividends on preferred shares of $19 million, $21 million, $19 million, $21 million and $19 million in Q2'17, Q1'17, Q4'16, Q3'16 and Q2'16, 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 Second Quarter 2017 Earnings Release and may be revised in the Company's 2017 Form 10-Q for period ended June 30, 2017.
(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 E 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.
(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 through the sale completion dates.
(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 a reserve of $60 million related to loan balances of $245 million in Q2'16, reclassified from HFS to held for investment.  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 Q2'17 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)		Operating expenses represent salaries and employee benefits, professional services, occupancy and equipment, communications, and other, net.