NYSE : AXP
American Express Company — Financial statements
Financials · Credit Services · United States
Last price 323.71 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 217.06B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest and Dividend Income | 26.71B | 25.60B | 23.80B | 19.98B | 12.66B | 9.03B |
| Total Interest Expense | 7.91B | 8.23B | 8.25B | 6.85B | 2.76B | 1.28B |
| Net Interest Income | 18.80B | 17.36B | 15.54B | 13.13B | 9.89B | 7.75B |
| Commissions and Fees | 58.78B | 54.87B | 50.41B | 47.38B | 41.33B | 33.07B |
| Other Revenue | 1.64B | 1.56B | ||||
| Revenue Before Loan Losses | 77.59B | 72.23B | 65.95B | 60.52B | 52.86B | 42.38B |
| Provision for Loan Losses | 4.73B | 5.26B | 5.18B | 4.92B | 2.18B | -1.42B |
| Revenue | 72.85B | 66.97B | 60.76B | 55.59B | 50.68B | 43.80B |
| Salaries & Employee Benefits | 9.80B | 8.92B | 8.07B | 7.89B | 7.11B | 6.25B |
| Cost of Services Provided | 41.28B | 37.35B | 33.50B | 30.37B | 27.55B | 22.05B |
| Other Operating Expenses | 7.67B | 7.04B | 6.86B | 6.60B | 6.00B | 5.55B |
| Total Operating Expenses | 58.75B | 53.32B | 48.43B | 44.86B | 40.66B | 33.85B |
| Operating Income | 14.10B | 13.65B | 12.34B | 10.73B | 10.02B | 9.95B |
| Earnings From Equity Investments | -9.00M | -13.00M | ||||
| Currency Exchange Gain (Loss) | 123.00M | 121.00M | 102.00M | 82.00M | 8.00M | -21.00M |
| EBT Excluding Unusual Items | 14.22B | 13.78B | 12.44B | 10.82B | 10.02B | 9.91B |
| Restructuring Charges | -96.00M | -96.00M | -123.00M | -179.00M | -142.00M | 10.00M |
| Gain (Loss) on Sale of Investments | 1.34B | 115.00M | 48.00M | -124.00M | -294.00M | 767.00M |
| Pretax Income | 15.47B | 13.79B | 12.89B | 10.51B | 9.59B | 10.69B |
| Income Tax Expense | 3.21B | 2.96B | 2.77B | 2.14B | 2.07B | 2.63B |
| Net Income | 12.26B | 10.83B | 10.13B | 8.37B | 7.51B | 8.06B |
| Preferred Dividends & Other Adjustments | 164.00M | 132.00M | 134.00M | 122.00M | 114.00M | 143.00M |
| Net Income to Common | 12.09B | 10.70B | 9.99B | 8.25B | 7.40B | 7.92B |
| Shares Outstanding (Basic) | 680.75M | 695.00M | 712.00M | 735.00M | 751.00M | 789.00M |
| Shares Outstanding (Diluted) | 682.50M | 696.00M | 713.00M | 736.00M | 752.00M | 790.00M |
| EPS (Basic) | 17.76 | 15.40 | 14.04 | 11.23 | 9.85 | 10.03 |
| EPS (Diluted) | 17.73 | 15.38 | 14.01 | 11.21 | 9.85 | 10.02 |
| Free Cash Flow | 13.91B | 16.00B | 12.13B | 16.99B | 19.22B | 13.01B |
| Free Cash Flow Per Share | 20.38 | 22.99 | 17.02 | 23.09 | 25.56 | 16.46 |
| Dividend Per Share | 3.67 | 3.28 | 2.80 | 2.40 | 2.08 | 1.72 |
| Operating Margin | 19.36% | 20.39% | 20.30% | 19.31% | 19.78% | 22.71% |
| Profit Margin | 16.60% | 15.98% | 16.45% | 14.84% | 14.60% | 18.08% |
| Free Cash Flow Margin | 19.09% | 23.89% | 19.97% | 30.57% | 37.93% | 29.70% |
| Effective Tax Rate | 20.78% | 21.47% | 21.45% | 20.35% | 21.61% | 24.59% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 43.04B | 47.62B | 40.21B | 46.08B | 33.05B | 21.04B |
| Long-Term Investments | 8.49B | 2.83B | 2.81B | 3.56B | 5.79B | 3.71B |
| Trading Asset Securities | 426.00M | 22.00M | 897.00M | 23.00M | 253.00M | 293.00M |
| Loans & Lease Receivables | 227.18B | 156.53B | 143.03B | 127.84B | 109.57B | 88.12B |
| Other Receivables | 20.00M | 61.85B | 59.24B | 60.24B | 57.38B | 53.58B |
| Property, Plant & Equipment | 8.12B | 7.12B | 6.17B | 5.91B | 5.21B | 4.99B |
| Goodwill | 4.87B | 4.19B | 3.85B | 3.79B | 3.80B | |
| Other Intangible Assets | 90.00M | 123.00M | 98.00M | 146.00M | 201.00M | |
| Restricted Cash | 166.00M | 169.00M | 427.00M | 514.00M | 544.00M | 525.00M |
| Long-Term Deferred Tax Assets | 6.26B | 5.67B | 4.78B | 3.50B | 2.38B | |
| Other Long-Term Assets | 22.83B | 10.24B | 7.93B | 8.22B | 8.79B | 9.44B |
| Total Assets | 310.27B | 300.05B | 271.46B | 261.11B | 228.35B | 188.55B |
| Interest Bearing Deposits | 153.95B | 151.44B | 138.45B | 128.16B | 109.13B | 83.32B |
| Non-Interest Bearing Deposits | 1.07B | 1.04B | 963.00M | 986.00M | 1.10B | 1.06B |
| Total Deposits | 155.02B | 152.49B | 139.41B | 129.14B | 110.24B | 84.38B |
| Accounts Payable | 15.18B | 14.70B | 13.88B | 13.11B | 12.13B | 10.57B |
| Accrued Expenses | 9.99B | 8.84B | 8.07B | 7.68B | 6.85B | |
| Short-Term Debt | 1.45B | 6.39B | 4.85B | 11.19B | 9.03B | 2.29B |
| Current Portion of Long-Term Debt | 6.11B | |||||
| Current Portion of Leases | 175.00M | |||||
| Long-Term Debt | 58.54B | 50.27B | 49.72B | 47.87B | 42.57B | 38.66B |
| Long-Term Leases | 961.00M | 933.00M | 926.00M | 3.00M | 14.00M | |
| Current Income Taxes Payable | 1.40B | 1.39B | 1.27B | 1.65B | 1.58B | |
| Other Long-Term Liabilities | 44.29B | 24.09B | 22.18B | 21.47B | 20.33B | 22.03B |
| Total Liabilities | 274.48B | 266.58B | 241.20B | 233.05B | 203.64B | 166.37B |
| Common Stock | 134.00M | 138.00M | 141.00M | 145.00M | 149.00M | 153.00M |
| Additional Paid-In Capital | 11.17B | 11.13B | 11.37B | 11.37B | 11.49B | 11.49B |
| Retained Earnings | 27.89B | 25.49B | 22.15B | 19.61B | 16.28B | 13.47B |
| Comprehensive Income & Other | -3.39B | -3.28B | -3.40B | -3.07B | -3.21B | -2.94B |
| Shareholders' Equity | 35.80B | 33.47B | 30.26B | 28.06B | 24.71B | 22.18B |
| Total Liabilities & Equity | 310.27B | 300.05B | 271.46B | 261.11B | 228.35B | 188.55B |
| Total Debt | 59.99B | 63.91B | 55.50B | 59.98B | 51.60B | 40.96B |
| Net Cash (Debt) | -16.52B | -16.26B | -14.39B | -13.88B | -17.98B | -19.16B |
| Net Cash Per Share | -24.21 | -23.37 | -20.18 | -18.85 | -23.91 | -24.26 |
| Filing Date Shares Outstanding | 670.55M | 686.61M | 702.53M | 723.87M | 744.19M | 759.35M |
| Total Common Shares Outstanding | 671.00M | 686.00M | 702.00M | 723.00M | 743.00M | 761.00M |
| Working Capital | 99.18B | 77.39B | 76.19B | 71.91B | 60.39B | 58.35B |
| Book Value Per Share | 53.35 | 48.80 | 43.11 | 38.81 | 33.26 | 29.14 |
| Tangible Book Value | 35.80B | 28.51B | 25.95B | 24.11B | 20.78B | 18.17B |
| Tangible Book Value Per Share | 53.35 | 41.56 | 36.97 | 33.34 | 27.97 | 23.88 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 12.26B | 10.83B | 10.13B | 8.37B | 7.51B | 8.06B |
| Depreciation & Amortization | 1.91B | 1.78B | 1.68B | 1.65B | 1.63B | 1.70B |
| Provision for Credit Losses | 4.73B | 5.26B | 5.18B | 4.92B | 2.18B | -1.42B |
| Stock-Based Compensation | 636.00M | 551.00M | 504.00M | 450.00M | 375.00M | 330.00M |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -74.00M | -74.00M | 5.00M | |||
| Change in Accounts Payable | 3.95B | 3.65B | -2.90B | 5.07B | 8.81B | 5.39B |
| Change in Other Net Operating Assets | -2.75B | -2.78B | 1.01B | -1.24B | 1.39B | 1.07B |
| Other Operating Activities | -2.06B | -779.00M | -1.02B | -665.00M | -824.00M | -478.00M |
| Operating Cash Flow | 17.63B | 18.43B | 14.05B | 18.56B | 21.08B | 14.64B |
| Capital Expenditures | -3.72B | -2.43B | -1.92B | -1.56B | -1.86B | -1.64B |
| Sale of Property, Plant & Equipment | 1.00M | 1.00M | 6.00M | 2.00M | 1.00M | 88.00M |
| Cash Acquisitions | -524.00M | -633.00M | -454.00M | -64.00M | -15.00M | |
| Divestitures | 594.00M | 1.00M | ||||
| Investment in Securities | -4.35B | -260.00M | 628.00M | 2.32B | -2.26B | 18.58B |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | -18.24B | -19.57B | -23.26B | -25.12B | -29.56B | -27.56B |
| Investing Cash Flow | -26.83B | -22.89B | -24.40B | -24.43B | -33.69B | -10.53B |
| Short-Term Debt Issued | 207.00M | 461.00M | ||||
| Long-Term Debt Issued | 24.38B | 12.60B | 15.67B | 23.23B | 7.79B | |
| Total Debt Issued | 12.90B | 24.38B | 12.81B | 15.67B | 23.23B | 8.25B |
| Short-Term Debt Repaid | -27.00M | -105.00M | -706.00M | |||
| Long-Term Debt Repaid | -18.16B | -10.76B | -10.70B | -18.91B | -11.66B | |
| Total Debt Repaid | -11.25B | -18.18B | -10.76B | -10.81B | -19.61B | -11.66B |
| Net Debt Issued (Repaid) | 1.65B | 6.19B | 2.05B | 4.87B | 3.62B | -3.41B |
| Issuance of Preferred Stock | 1.58B | 1.58B | ||||
| Preferred Share Repurchases | -1.60B | -1.60B | ||||
| Issuance of Common Stock | 23.00M | 57.00M | 100.00M | 28.00M | 56.00M | 64.00M |
| Repurchase of Common Stock | -6.70B | -5.81B | -6.02B | -3.65B | -3.50B | -7.65B |
| Common Dividends Paid | -2.00B | |||||
| Total Dividends Paid | -2.50B | -2.27B | -2.00B | -1.78B | -1.56B | -1.45B |
| Other Financing Activities | 5.05B | 13.04B | 10.30B | 18.91B | 25.90B | -2.47B |
| Financing Cash Flow | -2.50B | 11.21B | 4.44B | 18.38B | 24.51B | -14.93B |
| Foreign Exchange Rate Adjustments | 201.00M | 405.00M | -40.00M | 177.00M | -13.00M | -120.00M |
| Net Cash Flow | -11.50B | 7.15B | -5.96B | 12.68B | 11.89B | -10.94B |
| Free Cash Flow | 13.91B | 16.00B | 12.13B | 16.99B | 19.22B | 13.01B |
| Free Cash Flow Margin | 19.09% | 23.89% | 19.97% | 30.57% | 37.93% | 29.70% |
| Free Cash Flow Per Share | 20.38 | 22.99 | 17.02 | 23.09 | 25.56 | 16.46 |
| Cash Interest Paid | 8.00B | 8.00B | 8.20B | 6.40B | 2.20B | 1.10B |
| Cash Income Tax Paid | 3.20B | 3.20B | 3.60B | 3.30B | 3.00B | 1.60B |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 219.93B | 254.84B | 209.07B | 136.52B | 110.40B | 126.72B |
| PE Ratio | 18.50 | 23.82 | 20.92 | 16.54 | 14.92 | 16.01 |
| PS Ratio | 3.02 | 3.81 | 3.44 | 2.46 | 2.18 | 2.89 |
| PB Ratio | 6.15 | 7.61 | 6.91 | 4.87 | 4.47 | 5.71 |
| P/FCF Ratio | 15.81 | 15.93 | 17.23 | 8.03 | 5.74 | 9.74 |
| P/OCF Ratio | 12.48 | 13.83 | 14.88 | 7.36 | 5.24 | 8.65 |
| Debt / Equity Ratio | 1.68 | 1.91 | 1.83 | 2.14 | 2.09 | 1.85 |
| Debt / FCF Ratio | 4.31 | 3.99 | 4.57 | 3.53 | 2.69 | 3.15 |
| Net Debt / Equity Ratio | 0.46 | 0.49 | 0.47 | 0.49 | 0.73 | 0.86 |
| Net Debt / FCF Ratio | 1.19 | 1.02 | 1.19 | 0.82 | 0.94 | 1.47 |
| Quick Ratio | 1.58 | 1.39 | 1.45 | 1.44 | 1.43 | 1.55 |
| Current Ratio | 1.58 | 1.41 | 1.45 | 1.44 | 1.43 | 1.55 |
| Asset Turnover | 0.24 | 0.23 | 0.23 | 0.23 | 0.24 | 0.23 |
| Return on Equity (ROE) | 35.93% | 33.99% | 34.73% | 31.74% | 32.05% | 35.69% |
| Return on Assets (ROA) | 4.03% | 3.79% | 3.80% | 3.42% | 3.60% | 4.24% |
| Return on Invested Capital (ROIC) | 11.81% | 11.71% | 11.15% | 10.40% | 11.27% | 11.40% |
| Earnings Yield | 5.41% | 4.25% | 4.84% | 6.13% | 6.81% | 6.36% |
| FCF Yield | 6.32% | 6.28% | 5.80% | 12.45% | 17.41% | 10.27% |
| Dividend Yield | 1.16% | 0.88% | 0.94% | 1.27% | 1.40% | 1.03% |
| Payout Ratio | 20.70% | 20.96% | 19.73% | 21.26% | 20.83% | 17.96% |
| Buyback Yield / Dilution | 2.43% | 2.38% | 3.12% | 2.13% | 4.81% | 1.98% |
| Total Shareholder Return | 3.59% | 3.27% | 4.06% | 3.40% | 6.21% | 3.02% |