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AMERICAN EXPRESS CO (AXP)

As-reported financials and recent SEC filings for AMERICAN EXPRESS CO, latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About AMERICAN EXPRESS CO

American Express is a global payments company that issues credit and charge cards, acquires merchants, and operates a card network. It offers products and services including travel, dining, lifestyle, expense management, banking, and fraud prevention to consumers, small businesses, mid-sized companies, and large corporations worldwide. The company also partners with other businesses to co-brand cards and provide benefits, while supporting merchants with payment processing and marketing solutions.

Snapshot

Revenue
$41.30B
Revenue growth (YoY)
6.4%
Net income
$10.83B
Diluted EPS
$15.38
Gross margin
Operating margin
Net margin
26.2%
FCF margin
38.7%
ROE
32.4%
P/E (TTM)
20.4×
Market cap
$226.49B
Debt / equity
1.7×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at American Express

  • Revenue grew 6.4% to $41.3B in FY2025, faster than the 4.3% the year before.
  • Most recent quarter Q2 FY2026: revenue $11.2B, up 8.6% from Q2 FY2025.
  • Free cash flow was $16.0B in FY2025, 38.7% of revenue.
  • Net income rose 7.0% to $10.8B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where American Express’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin26.2%
72nd percentile of 378
FCF margin38.7%
82nd percentile of 273
Revenue growth (YoY)+6.4%
36th percentile of 420
ROE32.4%
94th percentile of 375
P/E (TTM)20.4×
74th percentile of 316
Debt / equity1.68×
90th percentile of 193
Short interest3.79d
44th percentile of 419

American Express’s return on equity of 32.4% ranks in the 94th percentile of the 375 Financials companies reporting it. American Express’s debt to equity of 1.68 ranks in the 90th percentile of the 193 Financials companies reporting it.

No open-market insider buys in the last 90 days; 1 insider sale totaling $2.4M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 8 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
8
+6 quant / multi-strat
Initiated / added
9
2 new, 7 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$47.85B
reported long value
InvestorAs ofPosition valueSharesChange
Berkshire HathawayQ1 2026$45.86B151.6MHeld
D. E. ShawquantQ1 2026$599.6M2.0MAdded
First Eagle Investment ManagementQ1 2026$502.9M1.7MAdded
AQR Capital ManagementquantQ1 2026$184.9M613.4KAdded
Renaissance TechnologiesquantQ1 2026$166.6M550.9KNew
Markel GroupQ1 2026$148.4M490.4KAdded
Citadel AdvisorsquantQ1 2026$122.0M403.4KAdded
Millennium ManagementquantQ1 2026$103.8M343.2KAdded
Dodge & CoxQ1 2026$83.9M277.5KReduced
Harris Associates (Oakmark)Q1 2026$61.6M203.7KReduced
Gotham Asset ManagementQ1 2026$7.4M24.4KAdded
Two Sigma InvestmentsquantQ1 2026$7.0M23.0KNew
Bridgewater AssociatesQ1 2026$6.6M21.8KReduced
Ruane Cunniff (Sequoia)Q1 2026$281,911932Held

No longer held by: Point72 Asset Management (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
1
$2.4M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-15
filed 2026-06-17
McNeal Glenda GChief Partner OfficerSell7.0K$339.36$2.4M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
11.5M
settled 2026-07-15
Change vs prior
+6.0%
vs previous settlement
Days to cover
3.79
at avg daily volume
Avg daily volume
3.0M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1511.5M+6.0%3.79
2026-06-3010.8M-10.4%2.94
2026-06-1512.1M+0.5%4.45
2026-05-2912.0M-2.2%3.94
2026-05-1512.3M-16.2%3.87
2026-04-3014.7M+33.0%4.01
2026-04-1511.1M-11.3%4.42
2026-03-3112.5M+13.0%3.36

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$41.30B$38.83B$37.22B$34.22B$27.72B
Gross profit
Operating income
Net income$10.83B$10.13B$8.37B$7.51B$8.06B
Diluted EPS$15.38$14.01$11.21$9.85$10.02

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$47.79B$40.64B$46.60B$33.91B$22.03B
Current assets
Total assets$300.05B$271.46B$261.11B$228.35B$189.00B
Current liabilities
Long-term debt$56.39B$49.72B$47.87B$42.57B$38.67B
Total liabilities$266.58B$241.20B$233.05B$203.64B$166.37B
Total equity$33.47B$30.26B$28.06B$24.71B$22.18B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$18.43B$14.05B$18.56B$21.08B$14.64B
Capital expenditure$2.42B$1.91B$1.56B$1.85B$1.55B
Free cash flow$16.00B$12.14B$17.00B$19.22B$13.10B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$11.21B8.6%$3.11B$4.53
Q1 FY2026$10.52B9.3%$2.97B$4.28
Q4 FY2025$10.94B9.9%$2.46B$3.57
Q3 FY2025$10.41B7.2%$2.90B$4.14
Q2 FY2025$10.32B5.1%$2.88B$4.08
Q1 FY2025$9.63B3.1%$2.58B$3.64
Q4 FY2024$9.95B4.1%$2.17B$3.08
Q3 FY2024$9.72B3.6%$2.51B$3.49

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryFinance Services
Fiscal year endDecember 31
Latest fiscal periodFY2025
SEC filings since2019
SEC CIK4962

Recent SEC filings

10-K2026-02-06
View on EDGAR →
10-K2025-02-07
View on EDGAR →
10-Q2026-07-24
View on EDGAR →
10-Q2026-04-23
View on EDGAR →
10-Q2025-10-17
View on EDGAR →
10-Q2025-07-18
View on EDGAR →
8-K2026-07-24
View on EDGAR →
8-K2026-07-15
View on EDGAR →

Largest Financials peers

All Financials companies →

AXP head to head

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.