Other Liabilities (Tables)

12 Months Ended

Dec. 31, 2025

Other Liabilities Disclosure [Abstract]

The following is a summary of Other liabilities as of December 31, 2025 and 2024:

TABLE 9.1: OTHER LIABILITIES


(Millions)	2025		2024
Membership Rewards liability	$	16,520	$	14,752
Deferred card and other fees, net	4,655		4,042
Book overdraft balances (a)	4,054		3,461
Employee-related liabilities (b)	3,091		2,676
Card Member rebate and reward accruals (c)	2,247		2,121
Income tax liability	1,401		1,386
Other (d)	9,664		8,373
Total	$	41,632	$	36,811

(a)Includes negative cash balances for accounts without an associated overdraft facility, due to timing differences arising in the ordinary course of business.

(b)Includes employee benefit plan obligations and incentive compensation.

(c)Includes liabilities related to rewards earned on cobrand and cash back card products.

(d)Primarily includes prepaid products and Travelers Cheques, lease liabilities, accruals for general operating expenses, derivative liabilities, unfunded commitments for tax credit investments, dividends payable, payments to cobrand partners and client incentives.

Carrying amount of deferred card and other fees

The carrying amount of deferred card and other fees, net of deferred direct acquisition costs and reserves for membership cancellations as of December 31, 2025 and 2024 was as follows:

TABLE 9.2: DEFERRED CARD AND OTHER FEES, NET


(Millions)	2025		2024
Deferred card and other fees (a)	$	5,099	$	4,475
Deferred direct acquisition costs	(170)		(180)
Reserves for membership cancellations	(274)		(253)
Deferred card and other fees, net	$	4,655	$	4,042

(a)Includes deferred fees for Membership Rewards program participants.

AMERICAN EXPRESS CO 10-K