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NYSE · Financials

American Express Co. (AXP)

As-reported financials and SEC filings for American Express Co. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. 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%
net income / fiscal-year-end equity
P/E
19.0×
trailing when available, otherwise FY EPS
Market cap
$211.26B
Long-term debt / equity
1.68×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and 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 Q3 FY2026: revenue $11.2B, up 7.8% from Q3 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 425 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Net margin26.2%
72nd percentile of 372
FCF margin38.7%
82nd percentile of 266
Revenue growth (YoY)+6.4%
36th percentile of 419
ROE32.4%
94th percentile of 374
P/E19.0×
73rd percentile of 308
Long-term debt / equity1.68×
89th percentile of 192
Short interest3.54d
40th percentile of 420

American Express’s return on equity of 32.4% ranks in the 94th percentile of the 374 Financials companies reporting it. American Express’s long-term debt to equity of 1.68 ranks in the 89th percentile of the 192 Financials companies reporting it.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $3.0M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) 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 9 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
9
+6 quant / multi-strat
Initiated / added
4
1 new, 3 added
Reduced / exited
8
8 trimmed, 0 exited
Combined position
$53.07B
reported long value
InvestorAs ofPosition valueSharesChange
Berkshire HathawayQ2 2026$51.28B151.6MHeld
First Eagle Investment ManagementQ2 2026$568.3M1.7MAdded
D. E. ShawquantQ2 2026$534.5M1.6MReduced
Markel GroupQ2 2026$165.9M490.4KHeld
AQR Capital ManagementquantQ2 2026$144.7M427.7KReduced
Citadel AdvisorsquantQ2 2026$105.6M312.3KReduced
Dodge & CoxQ2 2026$91.8M271.3KReduced
Harris Associates (Oakmark)Q2 2026$68.8M203.5KReduced
Two Sigma InvestmentsquantQ2 2026$30.1M89.1KAdded
Millennium ManagementquantQ2 2026$27.4M81.1KReduced
Giverny CapitalQ2 2026$15.8M46.7KNew
Renaissance TechnologiesquantQ2 2026$11.7M34.6KReduced
Bridgewater AssociatesQ2 2026$10.0M29.6KAdded
Gotham Asset ManagementQ2 2026$8.2M24.3KReduced
Ruane Cunniff (Sequoia)Q2 2026$315,249932Held

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
code P
Bought (90d)
—
code P value
Sells (90d)
1
$3.0M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-18
filed 2026-08-19
Monique HerenaChief Colleague Exp. OfficerSell8.8K$337.41$3.0M
2026-06-15
filed 2026-06-17
Glenda G. McNealChief 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
10.9M
settled 2026-10-15
Change vs prior
+0.7%
vs previous settlement
Days to cover
3.54
at avg daily volume
Avg daily volume
3.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-10-1510.9M+0.7%3.54
2026-09-3010.8M+0.4%2.70
2026-09-1510.8M+3.4%4.65
2026-08-3110.4M-4.3%4.24
2026-08-1410.9M-10.4%4.99
2026-07-3112.2M+5.7%3.74
2026-07-1511.5M+6.0%3.79
2026-06-3010.8M-10.4%2.94

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—————
Pre-tax income$13.79B$12.89B$10.51B$9.59B$10.69B
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 (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

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 (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

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

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$11.23B7.8%$3.71B$5.42
Q2 FY2026$11.21B8.6%$3.11B$4.53
Q1 FY2026$10.52B9.3%$2.97B$4.28
Q4 FY20259.9%
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 FY20244.1%

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryFinance Services
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ3 FY2026 (ended September 30, 2026)
Oldest indexed filing2019
SEC CIK4962

Selected SEC filings

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

Largest Financials peers

All Financials companies →

AXP head to head

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