AMERICAN EXPRESS CO AXP

Financials SIC 6199 - Finance Services NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities derived NYSE

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

Last close 313.22 2026-10-23
Market cap $211.52B 2026-06-30 share count
52-week range 290.97 - 387.49

Valuation FY2025 figures against the last close

P/S5.1x
P/E20.4x
P/FCF13.2x
EV/EBITDA—
Dividend yield1.1%
Diluted EPS15.38

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Uscs
  • CS
  • ICS
  • Gmns
Revenue by segment, 4 categories over 3 years. The same figures are in the table below. FY2025 Uscs, FY2025: 15.6B (37.8%) 38% Uscs CS, FY2025: 11.9B (28.7%) 29% CS ICS, FY2025: 7.5B (18.3%) 18% ICS Gmns, FY2025: 6.3B (15.3%) 15% Gmns FY2024 Uscs, FY2024: 14.5B (37.3%) 37% CS, FY2024: 11.6B (29.7%) 30% ICS, FY2024: 6.8B (17.4%) 17% Gmns, FY2024: 6.1B (15.6%) 16% FY2023 Uscs, FY2023: 13.7B (36.8%) 37% CS, FY2023: 11.4B (30.5%) 31% ICS, FY2023: 6.2B (16.5%) 17% Gmns, FY2023: 6B (16.1%) 16%
Segment FY2025FY2024FY2023
Uscs $15.63B $14.48B $13.71B
CS $11.86B $11.56B $11.38B
ICS $7.54B $6.77B $6.16B
Gmns $6.31B $6.05B $6.01B

As the company reported it, from the “Reportable Operating Segments and Geographic Operations - Selected Financial Information (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 15.4114.0411.239.8610.043.778.00———
EPS, diluted 15.3814.0111.219.8510.023.777.99———
Shares, diluted (wtd. avg.) 696.0M713.0M736.0M752.0M790.0M806.0M830.0M859.0M886.0M935.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20B 40B 60B Revenue, FY2016: 24.2B Net income, FY2016: 5.4B Revenue, FY2017: 24.8B Net income, FY2017: 2.7B Revenue, FY2018: 26.6B Net income, FY2018: 6.9B Revenue, FY2019: 28.2B Net income, FY2019: 6.8B Revenue, FY2020: 22B Net income, FY2020: 3.1B Revenue, FY2021: 27.7B Net income, FY2021: 8.1B Revenue, FY2022: 34.2B Net income, FY2022: 7.5B Revenue, FY2023: 37.2B Net income, FY2023: 8.4B Revenue, FY2024: 38.8B Net income, FY2024: 10.1B Revenue, FY2025: 41.3B Net income, FY2025: 10.8B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $24.23B $24.78B $26.61B $28.16B $21.97B $27.72B $34.22B $37.22B $38.83B $41.30B
Gross profit — — — — — — — — — —
Net income $5.38B $2.75B $6.92B $6.76B $3.13B $8.06B $7.51B $8.37B $10.13B $10.83B

Recent filings and events

  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Other event Item 8.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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