EXHIBIT 12

AMERICAN EXPRESS COMPANY

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in Millions)

	Years Ended December 31,
	2013		2012		2011		2010		2009
Earnings:
Pretax income from continuing operations	$	7,888	$	6,451	$	6,956	$	5,964	$	2,841
Interest expense(a)		1,958		2,226		2,320		2,423		2,208
Other adjustments(b)		133		117		124		126		129
Total earnings	$	9,979	$	8,794	$	9,400	$	8,513	$	5,178
Fixed charges:
Interest expense	$	1,958	$	2,226	$	2,320	$	2,423	$	2,208
Other adjustments(c)		93		102		94		85		121
Total fixed charges	$	2,051	$	2,328	$	2,414	$	2,508	$	2,329
Ratio of earnings to fixed charges		4.87		3.78		3.89		3.39		2.22

(a) Included in interest expense is interest expense related to the Card Member lending activities, international banking operations, and charge card and other activities in the Consolidated Statements of Income. Interest expense does not include interest on liabilities recorded under GAAP governing accounting for uncertainty in income taxes. The Company’s policy is to classify such interest in income tax provision in the Consolidated Statements of Income.

(b) For purposes of the “earnings” computation, “other adjustments” include adding the amortization of capitalized interest, the net loss of affiliates accounted for under the equity method whose debt is not guaranteed by the Company, the non-controlling interest in the earnings of majority-owned subsidiaries with fixed charges, and the interest component of rental expense, and subtracting undistributed net income of affiliates accounted for under the equity method.

(c) For purposes of the “fixed charges” computation, “other adjustments” include capitalized interest costs and the interest component of rental expense.