How much did American Express save on taxes in Jersey in 2025?

American Express reduced its corporate income taxes by $241 million in 2025 due to its operations on the island of Jersey.

What factors contributed to American Express's tax savings in Jersey?

The savings were due to Jersey's low corporate income tax rate, which is 0% for most companies, and a 15% income tax rate established as part of a global minimum tax agreement.

What was the total cash tax payment for American Express in 2025?

American Express reported total cash tax payments of $3.2 billion for 2025, including $1.8 billion in U.S. federal income tax.

Home / Business and Economy / Amex Saved $241M on Jersey Taxes in 2025

Amex Saved $241M on Jersey Taxes in 2025

7 Feb

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Summary

American Express reduced 2025 corporate income taxes by $241 million.
Jersey's low tax rate and global minimum tax agreement contributed to savings.
The Jersey effect lowered Amex's tax rate by 1.8 percentage points.

Amex Saved $241M on Jersey Taxes in 2025

In 2025, American Express realized a substantial tax saving of $241 million through its operational activities on the island of Jersey. This disclosure, mandated by new accounting regulations requiring more granular corporate reporting, was not present in previous years. Jersey, a Crown Dependency in the English Channel, benefits from a 0% corporate income tax rate for most businesses.

This significant tax reduction was influenced by two main factors: Jersey's inherently low corporate tax structure and a 15% income tax rate introduced as part of a global agreement on corporate minimum taxes. Consequently, the financial benefits derived from Jersey operations effectively lowered American Express's overall tax rate by 1.8 percentage points for the year. The company's total cash tax payments for 2025 amounted to $3.2 billion, which included $1.8 billion in U.S. federal income tax.