“This would be a headwind until we lap it. Now what's important to understand is that although it impacts NII, the impact to net income and earnings is really negligible.”

How to check this claim

Look at: Net income impact attributable to the specific NII headwind referenced, as disclosed or reasonably inferable from net income and EPS results relative to net interest income (NII) trends

It came true if: Net income growth rate remains within roughly 1 percentage point of what it would be excluding the NII headwind (i.e., no material divergence between NII trend and net income trend attributable to this item)

Where: Quarterly earnings release and management commentary on Q3/Q4 2026 earnings calls (income statement, NII disclosure, and net income figures)

Verify independently

SEC filings for AXP ↗ · Claim quote is verbatim from the 2026Q2 earnings call.