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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY262026-06-30 | Q1 FY262026-03-31 | Q4 FY252025-12-31 | Q3 FY252025-09-30 | Q2 FY252025-06-30 | Q1 FY252025-03-31 | Q4 FY242024-12-31 | Q3 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $21.60B | $20.88B | $21.04B | $20.56B | $19.93B | $18.93B | $19.22B | $18.78B |
| Cost of revenue | $1.96B | $1.97B | $2.06B | $2.13B | $2.08B | $1.97B | $2.04B | $2.14B |
| Gross profit | $19.64B | $18.91B | $18.98B | $18.43B | $17.86B | $16.97B | $17.18B | $16.64B |
| Gross margin | 90.9% | 90.6% | 90.2% | 89.6% | 89.6% | 89.6% | 89.4% | 88.6% |
| Selling, general and administrative | $3.41B | $3.07B | $3.34B | $3.21B | $3.14B | $3.02B | $3.25B | $2.90B |
| Operating expenses | $14.48B | $13.88B | $14.48B | $13.31B | $12.90B | $12.49B | $13.13B | $12.08B |
| Operating income | $4.07B | $3.78B | $3.09B | $3.83B | $3.55B | $3.33B | $2.76B | $3.20B |
| Operating margin | 18.9% | 18.1% | 14.7% | 18.6% | 17.8% | 17.6% | 14.3% | 17.1% |
| EBITDA | $4.07B | $3.78B | $3.09B | $3.83B | $3.55B | $3.33B | $2.76B | $3.20B |
| Income before taxes | $4.07B | $3.78B | $3.09B | $3.83B | $3.55B | $3.33B | $2.76B | $3.20B |
| Income taxes | $961.00M | $807.00M | $628.00M | $923.00M | $665.00M | $746.00M | $586.00M | $697.00M |
| Net income | $3.11B | $2.97B | $2.46B | $2.90B | $2.89B | $2.58B | $2.17B | $2.51B |
| Net margin | 14.4% | 14.2% | 11.7% | 14.1% | 14.5% | 13.6% | 11.3% | 13.4% |
| EPS, basic | $4.54 | $4.29 | $3.53 | $4.14 | $4.08 | $3.64 | $3.04 | $3.50 |
| EPS, diluted | $4.53 | $4.28 | $3.52 | $4.14 | $4.08 | $3.64 | $3.04 | $3.49 |
| Diluted shares | 679.00M | 686.00M | 690.00M | 693.00M | 699.00M | 702.00M | 704.00M | 709.00M |
Figures describe American Express shares, not any token. As of Jul 24, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.