AMERICAN EXPRESS CO
AXP· NYSE· Finance Services
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 38.7%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +13.5%
We record prices for the companies we cover; AXP is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 696.0M
- Revenue
- $41.3B
- Free cash flow
- $16.0B
- Owner earnings
- $15.5B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- –
- Net
- 26.2%
- Free cash flow
- 38.7%
- Owner earnings
- 37.4%
- Stock pay
- 1.3%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 32.4%
- ROE, 5 yr avg
- 32.5%
Growth (CAGR)
- Revenue, 3 yr
- 6.5%
- Revenue, 5 yr
- 13.5%
- Revenue, 9 yr
- 6.1%
- Diluted EPS, 3 yr
- 16.0%
- Diluted EPS, 5 yr
- 32.5%
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- -5.9%
- Free cash flow, 5 yr
- 31.2%
- Free cash flow, 9 yr
- 9.8%
Financial health · FY2025
- Cash and investments
- $48.5B
- Total debt
- $57.8B
- Net debt
- $9.2B
- Debt/Equity
- 1.7x
- Debt/FCF
- 3.6x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 21.0%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -2.9%
Financials: ten years from the 10-Ks
Revenue
$41.3B
+6.1% a year over 9 years
FY2016FY2025
Margins
26.2%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$16.0BOwner earnings$15.5B
Free cash flow +9.8% a year
FY2016FY2025
Diluted shares
696.0M
-25.6% over 9 years, net buybacks
FY2016FY2025
Net debt (below zero)
-$9.2B
$9.2B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $24.2B | $24.8B | $26.6B | $28.2B | $22.0B | $27.7B | $34.2B | $37.2B | $38.8B | $41.3B |
| Revenue growth | – | 2.2% | 7.4% | 5.8% | -22.0% | 26.1% | 23.5% | 8.8% | 4.3% | 6.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | – | – | – | – | – | – | – | – | – | – |
| Net income | $5.4B | $2.7B | $6.9B | $6.8B | $3.1B | $8.1B | $7.5B | $8.4B | $10.1B | $10.8B |
| Net margin | 22.2% | 11.1% | 26.0% | 24.0% | 14.3% | 29.1% | 22.0% | 22.5% | 26.1% | 26.2% |
| Diluted EPS | – | – | – | $7.99 | $3.77 | $10.02 | $9.85 | $11.21 | $14.01 | $15.38 |
| Return on invested capital? | – | – | – | – | – | – | – | – | – | – |
| Cash | ||||||||||
| Operating cash flow | $8.3B | $13.5B | $8.9B | $13.6B | $5.6B | $14.6B | $21.1B | $18.6B | $14.1B | $18.4B |
| Capital expenditure | $1.4B | $1.1B | $1.3B | $1.6B | $1.5B | $1.6B | $1.9B | $1.6B | $1.9B | $2.4B |
| Free cash flow | $6.9B | $12.5B | $7.6B | $12.0B | $4.1B | $13.1B | $19.2B | $17.0B | $12.1B | $16.0B |
| Stock-based compensation | $254.0M | $282.0M | $283.0M | $283.0M | $249.0M | $330.0M | $375.0M | $450.0M | $504.0M | $551.0M |
| Owner earnings? | $6.7B | $12.2B | $7.3B | $11.7B | $3.9B | $12.8B | $18.8B | $16.5B | $11.6B | $15.5B |
| Free cash flow per share | $7.40 | $14.08 | $8.87 | $14.44 | $5.10 | $16.58 | $25.56 | $23.09 | $17.03 | $22.99 |
| Capital allocation | ||||||||||
| Dividends paid | $1.2B | $1.3B | $1.3B | $1.4B | $1.5B | $1.4B | $1.6B | $1.8B | $2.0B | $2.3B |
| Share repurchases | $4.4B | $4.3B | $1.6B | – | $1.0B | $7.7B | $3.5B | $3.6B | $6.0B | $5.8B |
| Diluted shares | 935.0M | 886.0M | 859.0M | 830.0M | 806.0M | 790.0M | 752.0M | 736.0M | 713.0M | 696.0M |
| Share count change? | -6.8% | -5.2% | -3.0% | -3.4% | -2.9% | -2.0% | -4.8% | -2.1% | -3.1% | -2.4% |
| Balance sheet | ||||||||||
| Cash and equivalents | $25.5B | $33.3B | $27.8B | $24.4B | $33.0B | $22.0B | $33.9B | $46.6B | $40.6B | $47.8B |
| Short-term investments | – | $70.0M | $166.0M | $223.0M | $157.0M | $188.0M | $307.0M | $166.0M | $221.0M | $742.0M |
| Total debt | $52.6B | $59.1B | $61.5B | $64.3B | $44.8B | $40.9B | $43.9B | $49.2B | $51.1B | $57.8B |
| Net debt | $27.1B | $25.7B | $33.5B | $39.6B | $11.7B | $18.7B | $9.7B | $2.4B | $10.2B | $9.2B |
| Shareholders' equity | $20.5B | $18.3B | $22.3B | $23.1B | $23.0B | $22.2B | $24.7B | $28.1B | $30.3B | $33.5B |
Latest filings
| 2026-10-23 | 10-Q | Quarterly report |
| 2026-10-23 | 8-K | Earnings release |
| 2026-07-24 | 10-Q | Quarterly report |
| 2026-07-24 | 8-K | Earnings release |
| 2026-04-23 | 10-Q | Quarterly report |
| 2026-04-23 | 8-K | Earnings release |
| 2026-03-25 | DEF 14A | Proxy statement |
| 2026-02-06 | 10-K | Annual report |
| 2026-01-30 | 8-K | Earnings release |
| 2025-10-17 | 10-Q | Quarterly report |
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