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American Express AXP

US equityMarket cap rank #73Credit Card PaymentDigital Payment
$303.70
+$1.74 (+0.58%)
Market open · Sep 24, 2:00 pm ET
After hours $302.73 +0.26%
Open$302.46
Prev close$301.96
Day range$299.91 – $303.91
Volume1.37M
Market cap$205.09B
P/E (TTM)18.4
Dividend yield1.17%

Fundamentals

Latest reported quarter: Q2, ended Jun 2026

Revenue$19.64B+10.0% YoY
Net profit$3.11B+7.8% YoY
Diluted EPS$4.53+11.0% YoY
Free cash flow$4.47B+19.4% YoY
Operating cash flow$5.37B

Revenue, last 8 quarters

$16.6BSep '24$17.2BDec '24$17.0BMar '25$17.9BJun '25$18.4BSep '25$19.0BDec '25$18.9BMar '26$19.6BJun '26

Net profit, last 8 quarters

$2.5BSep '24$2.2BDec '24$2.6BMar '25$2.9BJun '25$2.9BSep '25$2.5BDec '25$3.0BMar '26$3.1BJun '26

Diluted EPS by quarter

3.49Sep '243.04Dec '243.64Mar '254.08Jun '254.14Sep '253.53Dec '254.28Mar '264.53Jun '26

Free cash flow by quarter

$-2.3BSep '24$5.3BDec '24$4.3BMar '25$3.7BJun '25$5.6BSep '25$2.3BDec '25$2.7BMar '26$4.5BJun '26

Annual revenue

$36.2BFY20$43.1BFY21$52.9BFY22$60.5BFY23$65.9BFY24$72.2BFY25

Profitability & balance sheet

Net margin14.9%
Return on equity34.0%
Return on assets3.7%
Liabilities / assets88.9%
Cash & investments$45.17B
Total debt$59.05B
Net cash (debt)-$13.88B
Free cash flow / sales19.8%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • United States Consumer Services (USCS)$9.52B 48.2%
  • Commercial Services (CS)$4.50B 22.8%
  • International Card Services (ICS)$3.62B 18.3%
  • Global Merchant and Network Services (GMNS)$2.10B 10.6%

Income statement

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Operating Revenue $19.64B $18.91B $72.23B $18.98B $18.43B
Net Interest Income $4.65B $4.69B $17.36B $4.52B $4.49B
-Interest Income $6.61B $6.67B $25.60B $6.58B $6.62B
-Interest Expense $1.96B $1.97B $8.23B $2.06B $2.13B
Non-Interest Income $14.99B $14.22B $54.87B $14.46B $13.94B
-Fees and Commissions $14.99B $14.22B $54.87B $14.46B $13.94B
Credit Losses Provision -$1.08B -$1.25B -$5.26B -$1.41B -$1.29B
Non-Interest Expense $14.48B $13.88B $53.08B $14.38B $13.31B
Occupancy and Equipment $817.00M $767.00M $2.99B $810.00M $751.00M
Professional Expense and Contract Services Expense $622.00M $545.00M $2.42B $669.00M $623.00M
Selling and Admin Expenses $3.99B $3.96B $15.27B $4.12B $3.84B
-Selling & Marketing Expense $1.65B $1.48B $6.25B $1.61B $1.60B
-General & Admin Expense $2.34B $2.48B $9.02B $2.51B $2.24B
Other Non-Interest Expenses $9.05B $8.60B $32.40B $8.78B $8.10B
Pretax Profit $4.07B $3.78B $13.80B $3.09B $3.83B
Tax $961.00M $807.00M $2.96B $628.00M $923.00M
Net Profit $3.11B $2.97B $10.83B $2.46B $2.90B
Profit from Continuing Operations $3.11B $2.97B $10.83B $2.46B $2.90B
Net Income to Parent Company $3.11B $2.97B $10.83B $2.46B $2.90B
Preferred Stock Dividends $20.00M $14.00M $58.00M $15.00M $14.00M
Other Preferred Stock Dividends $14.00M $19.00M $74.00M $18.00M $20.00M
Net Income to Common Stockholders $3.08B $2.94B $10.70B $2.43B $2.87B
Basic EPS $4.54 $4.29 $15.41 $3.53 $4.14
Diluted EPS $4.53 $4.28 $15.38 $3.53 $4.14
Dividend Per Share $0.95 $0.95 $3.28 $0.82 $0.82
Other Income (Expense) – – -$96.00M -$96.00M –
Special Income (Charges) – – -$96.00M -$96.00M $0.00
-Less:Restructuring and Mergern & Acquisition – – $96.00M – –
-Gain on Sale of Business – – $0.00 $0.00 $0.00

Balance sheet

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Total Assets $308.20B $308.89B $300.05B $300.05B $297.55B
Cash, Cash Equivalents & Federal Funds Sold $45.24B $53.76B $47.79B $47.79B $54.71B
-Cash and Cash Equivalents $45.17B $53.65B $47.71B $47.71B $53.47B
-Restricted Cash and Investments $77.00M $110.00M $84.00M $84.00M $1.24B
Securities Investment $4.07B $2.63B $1.04B $1.04B $1.37B
-Available for Sale Securities $3.20B $1.72B $217.00M $217.00M $235.00M
-Short Term Investments $874.00M $902.00M $826.00M $826.00M $1.14B
Net Loan $225.06B $220.26B $220.84B $220.84B $212.42B
-Gross Loan $231.23B $226.64B $227.25B $227.25B $218.78B
-Allowance for Loans and Lease Losses $6.18B $6.38B $6.41B $6.41B $6.36B
Net PPE $7.69B $7.24B $7.12B $7.12B $5.86B
-Gross PPE $20.55B $19.68B $19.16B $19.16B $17.62B
-Accumulated Depreciation -$12.86B -$12.44B -$12.04B -$12.04B -$11.75B
Other Assets $26.14B $25.01B $18.30B $18.30B $23.19B
Total Liabilities $273.92B $274.90B $266.58B $266.58B $265.13B
Total Deposits $156.97B $157.95B $152.49B $152.49B $149.88B
Short-Term Debt and Capital Lease Obligation $2.03B $1.69B $1.37B $1.37B $1.45B
-Current Debt $2.03B $1.69B $1.37B $1.37B $1.45B
Payables $15.44B $14.64B $16.10B $16.10B $14.71B
-Accounts Payable $15.44B $14.64B $14.70B $14.70B $14.71B
Long Term Debt and Capital Lease Obligation $57.02B $58.75B $56.39B $56.39B $57.79B
-Long Term Debt $57.02B $58.75B $56.39B $56.39B $57.79B
Other Liabilities $42.46B $41.87B $30.24B $30.24B $41.31B
Total Equity $34.28B $34.00B $33.47B $33.47B $32.42B
Stockholders' Equity $34.28B $34.00B $33.47B $33.47B $32.42B
Capital Stock $135.00M $137.00M $138.00M $138.00M $138.00M
-Common Stock $135.00M $137.00M $138.00M $138.00M $138.00M
-Preferred Stock $0.00 $0.00 $0.00 $0.00 $0.00
Additional Paid-In Capital $11.12B $11.08B $11.13B $11.13B $11.06B
Retained Earnings $26.38B $26.09B $25.49B $25.49B $24.47B
Gains/Losses Not Affecting Retained Earnings -$3.36B -$3.31B -$3.28B -$3.28B -$3.25B
Goodwill and Other Intangible Assets – – $4.96B $4.96B –
-Goodwill – – $4.87B $4.87B –
-Other Intangible Assets – – $90.00M $90.00M –
-Total Tax Payable – – $1.40B $1.40B –
Current Accrued Expenses – – $2.25B $2.25B –
Employee Benefits – – $3.09B $3.09B –
Non-Current Deferred Liabilities – – $4.66B $4.66B –

Cash flow

Line item 2026 Q2 2026 Q1 2025 ANNUAL 2025 Q4 2025 Q3
Operating Cash Flow $5.37B $3.80B $18.43B $3.07B $6.23B
Net cash flow from continuing operations $5.37B $3.80B $18.43B $3.07B $6.23B
Net Income from Continuing Operations $3.11B $2.97B $10.83B $2.46B $2.90B
Depreciation & Depletion & Amortization $488.00M $468.00M $1.78B $462.00M $455.00M
Deferred Tax -$74.00M $145.00M -$542.00M $100.00M -$257.00M
Other Non-Cash Items -$680.00M -$324.00M -$311.00M -$385.00M $13.00M
Change in Working Capital $1.29B -$910.00M $864.00M -$1.13B $1.71B
-Change in Payables and Accrued Expense $1.74B $476.00M $3.65B $321.00M $1.89B
-Change in Other Current Assets -$450.00M -$1.39B -$2.78B -$1.45B -$181.00M
Net cash flow from investing -$8.98B -$2.87B -$22.89B -$9.95B -$6.60B
Net Cash Flow from Continuing Investing Activities -$8.98B -$2.87B -$22.89B -$9.95B -$6.60B
Net PPE Purchase and Sale -$898.00M -$1.15B -$2.43B -$722.00M -$654.00M
Net Business Purchase and Sale -$26.00M -$498.00M -$633.00M $0.00 $0.00
Net Investment Purchase and Sale -$1.56B -$1.74B -$260.00M $136.00M -$215.00M
Net Income from Loans -$6.50B $512.00M -$19.57B -$9.36B -$5.73B
Financing Cash Flow -$4.90B $4.98B $11.21B -$154.00M -$2.96B
Net Cash Flow from Continuing Financing Activities -$4.90B $4.98B $11.21B -$154.00M -$2.96B
Increase/Decrease in Deposit -$971.00M $5.38B $13.05B $2.61B $496.00M
Net Issuance Payments of Debt -$962.00M $2.09B $6.19B -$1.29B -$542.00M
Net Common Stock Issuance -$2.30B -$1.90B -$5.76B -$890.00M -$2.33B
Cash Dividends Paid -$665.00M -$583.00M -$2.27B -$583.00M -$586.00M
Ending Cash Balance $45.24B $53.76B $47.79B $47.79B $54.71B
Net Change in Cash -$8.51B $5.91B $6.75B -$7.03B -$3.32B
Beginning Cash Balance $53.76B $47.79B $40.64B $54.71B $57.94B
Effect of Exchange Rate Changes -$6.00M $57.00M $405.00M $120.00M $91.00M
Free Cash Flow $4.47B $2.66B $16.00B $2.35B $5.58B
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