AMERICAN EXPRESS CO AXP
American Express is a global payments and premium lifestyle brand powered by technology. Founded in 1850 and headquartered in New York, American Express' card-issuing, merchant-acquiring and card network businesses offer products and services to a broad range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world.
•Credit and charge cards and complementary products and services, including travel, dining, lifestyle and expense management products and services
•Banking and other payment and financing products and services, including deposits and non-card lending
•Merchant acquisition and processing, servicing and settlement, fraud prevention, and point-of-sale marketing and information products and services
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $41.30B | $38.83B | $37.22B | $34.22B | $27.72B | $21.97B | $28.16B | $26.61B | $24.78B | $24.23B |
| Interest expense | $17.36B | $15.54B | $13.13B | $9.89B | $1.28B | $2.10B | $3.46B | $2.94B | $2.11B | $1.71B |
| Pre-tax income | $13.79B | $12.89B | $10.51B | $9.59B | $10.69B | $4.30B | $8.43B | $8.12B | $7.42B | $8.04B |
| Income tax | $2.96B | $2.77B | $2.14B | $2.07B | $2.63B | $1.16B | $1.67B | $1.20B | $4.68B | $2.67B |
| Net income | $10.83B | $10.13B | $8.37B | $7.51B | $8.06B | $3.13B | $6.76B | $6.92B | $2.75B | $5.38B |
| EPS, basic | 15.41 | 14.04 | 11.23 | 9.86 | 10.04 | 3.77 | 8.00 | — | — | — |
| EPS, diluted | 15.38 | 14.01 | 11.21 | 9.85 | 10.02 | 3.77 | 7.99 | — | — | — |
| Shares, diluted (wtd. avg.) | $696.0M | $713.0M | $736.0M | $752.0M | $790.0M | $806.0M | $830.0M | $859.0M | $886.0M | $935.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $47.79B | $40.64B | $46.60B | $33.91B | $22.03B | $32.97B | $24.45B | $27.81B | $33.26B | $25.49B |
| Short-term investments | $742.0M | $221.0M | $166.0M | $307.0M | $188.0M | $157.0M | $223.0M | $166.0M | $70.0M | — |
| Property, plant and equipment | $6.12B | $5.37B | $5.14B | $5.21B | $4.99B | $5.01B | $4.83B | $4.42B | $4.33B | $4.43B |
| Goodwill | $4.87B | $4.19B | $3.85B | $3.79B | $3.80B | $3.85B | $3.31B | $3.07B | $3.01B | $2.93B |
| Other intangibles | $90.0M | $123.0M | $98.0M | $146.0M | $201.0M | $265.0M | $267.0M | $275.0M | $899.0M | $868.0M |
| Total assets | $300.05B | $271.46B | $261.11B | $228.35B | $189.00B | $191.00B | $198.00B | $189.00B | $181.00B | $159.00B |
| Short-term debt | $1.37B | $1.37B | $1.29B | $1.35B | $2.24B | $1.88B | $6.44B | $3.10B | $3.28B | $5.58B |
| Long-term debt | $56.39B | $49.72B | $47.87B | $42.57B | $38.67B | $42.95B | $57.84B | $58.42B | $55.80B | $46.99B |
| Total liabilities | $266.58B | $241.20B | $233.05B | $203.64B | $166.37B | $168.38B | $175.25B | $166.31B | $162.94B | $138.39B |
| Retained earnings | $25.49B | $22.15B | $19.61B | $16.28B | $13.47B | $13.84B | $13.87B | $12.50B | $8.31B | $10.37B |
| Total equity | $33.47B | $30.26B | $28.06B | $24.71B | $22.18B | $22.98B | $23.07B | $22.29B | $18.26B | $20.52B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $18.43B | $14.05B | $18.56B | $21.08B | $14.64B | $5.59B | $13.63B | $8.93B | $13.54B | $8.29B |
| Depreciation and amortisation | $1.78B | $1.68B | $1.65B | $1.63B | $1.70B | $1.54B | $1.19B | $1.29B | $1.32B | $1.09B |
| Stock-based compensation | $551.0M | $504.0M | $450.0M | $375.0M | $330.0M | $249.0M | $283.0M | $283.0M | $282.0M | $254.0M |
| Capital expenditure | $2.42B | $1.91B | $1.56B | $1.85B | $1.55B | $1.48B | $1.65B | $1.31B | $1.06B | $1.38B |
| Investing cash flow | -$22.89B | -$24.40B | -$24.43B | -$33.69B | -$10.53B | $11.63B | -$16.71B | -$19.61B | -$18.24B | $1.72B |
| Financing cash flow | $11.21B | $4.44B | $18.38B | $24.51B | -$14.93B | -$9.07B | -$519.0M | $5.10B | $12.24B | -$7.60B |
| Dividends paid | $2.27B | $2.00B | $1.78B | $1.56B | $1.45B | $1.47B | $1.42B | $1.32B | $1.25B | $1.21B |
| Buybacks | $5.81B | $6.02B | $3.65B | $3.50B | $7.65B | $1.03B | $4.58B | $1.57B | $4.31B | $4.40B |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000004962-26-000080.
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