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Stocks / United States / AXP · Finance Services · NYSE

American Express Co. (AXP)

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American Express Co. (AXP) reported revenue of $11.2 billion for Q2 FY2026, the quarter ended 30 June 2026, up 8.6% on the same quarter a year earlier. Net income was $3.1 billion, up 7.8% on the year, and diluted earnings per share $4.53. The figures are the company's own, from the 10-Q it filed with the SEC on 24 July 2026.

Revenue$11.2 billionup 8.6%
Net income$3.1 billionup 7.8%
Diluted EPS$4.53
QuarterQ2 FY2026ended 30 June 2026

Ratios

From the filings

ROE33.4%
ROCEn/a
Operating marginn/a
Net margin26.6%
FCF margin34.9%
Interest covern/a
Debt to equity1.66
Cash conversion1.61
Share count, 1 year-3.0%
Sales CAGR, 3 years6.5%
Profit CAGR, 3 years13.0%
EPS, TTM$16.47

At the close of 21 September 2026

Price$313.59
Market cap$211.7 billion
Stock P/E19.04
Price to book6.17
EV / EBITDAn/a
Dividend yield1.0%
Market cap / sales4.91
52-week high$384.89
52-week low$292.27
Price, 1 year-8.1%
Price CAGR, 3 years27.0%
Price CAGR, 5 years13.4%

Every figure is arithmetic on the filed lines (hover a name for the formula); the priced ones use the latest daily close, CBOE delayed quotes, daily history, by CBOE, for splits. Debt to equity here stands on long-term debt as American Express Co. files it, with lease liabilities counted separately and never inside it. Nothing here is a valuation or a view.

Price, 17 September 2021 to 21 September 2026

Daily closes from CBOE delayed quotes, daily history, by CBOE, for splits; the last is 21 September 2026. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on AXP

Filings36 in twelve months: 28 current reports (8-K), about 19 regulation fd disclosure; 7 other events; 4 results of operations; 1 change to security holders' rights; 1 charter or bylaw amendment, or fiscal year change
Planned insider sales13 Form 144 notices in twelve months, $62.9 million; latest 18 August 2026
Options tapeput/call 1.16 by open interest on 23 September 2026; the straddle prices a 2.1% move to 25 September 2026
Holders13 of the followed funds hold it; largest Berkshire Hathaway; 2 Schedule 13D or 13G filings in twelve months
Insider trading15 sales and 7 purchases on Form 4 in twelve months
Congress3 House trades disclosed in six months
Short interest10.4 million shares short, 4.24 days to cover at 31 August 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue9,3779,5629,3399,8189,7169,9529,62610,32110,41510,94210,51711,212
Interest expense1,7981,9482,006n/an/an/an/an/an/an/an/an/a
Pre-tax income3,1002,5123,1453,7903,2042,7563,3303,5503,8253,0903,7784,071
Tax rate21%23%23%20%22%21%22%19%24%20%21%24%
Net income2,4511,9332,4373,0152,5072,1702,5842,8852,9022,4622,9713,110
Net margin26%20%26%31%26%22%27%28%28%23%28%28%
Diluted EPS$3.30$2.62$3.33$4.15$3.49$3.04$3.64$4.08$4.14$3.52$4.28$4.53
Operating cash flow8,2446,7695,5524,532-1,8125,7784,7644,3646,2333,0673,8045,371
Capital expenditure4014263965654554954306196547221,149898
Free cash flow7,8436,3435,1563,967-2,2675,2834,3343,7455,5792,3452,6554,473
Buybacks1,4009011,2921,7621,9351,0311,2081,3562,3518991,9112,304
Dividends paid459454452521516510509593586583583665
Shares outstanding729m723m719m712m704m702m701m696m689m686m682m675m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Profit and loss, 12 fiscal years and the trailing twelve months

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021 FY2022FY2023FY2024FY2025TTM
Revenue7,1797,54524,23524,78026,60728,15921,97427,71634,21937,21838,82541,30443,086
Interest expense1,7071,6231,7042,1122,9433,4642,0981,2832,7636,849n/an/an/a
Pre-tax income8,9917,9388,0427,4148,1228,4294,29610,6899,58510,51312,89513,79514,764
Income tax3,1062,7752,6674,6781,2011,6701,1612,6292,0712,1392,7662,9623,319
Effective tax rate34.5%35.0%33.2%63.1%14.8%19.8%27.0%24.6%21.6%20.3%21.5%21.5%22.5%
Net income5,8855,1635,3752,7486,9216,7593,1358,0607,5148,37410,12910,83311,445
Net margin82.0%68.4%22.2%11.1%26.0%24.0%14.3%29.1%22.0%22.5%26.1%26.2%26.6%
Diluted EPSn/an/an/an/an/a$7.99$3.77$10.02$9.85$11.21$14.01$15.38$16.47
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Income statement lines from each year's 10-K, the year linked to its filing; TTM is the sum of the last four quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021 FY2022FY2023FY2024FY2025TTM
Operating cash flown/an/an/a13,5408,93013,6325,59114,64521,07918,55914,05018,42818,475
Capital expenditure1,1951,3411,3751,0621,3101,6451,4781,5501,8551,5631,9112,4253,423
Free cash flown/an/an/a12,4787,62011,9874,11313,09519,22416,99612,13916,00315,052
Free cash flow marginn/an/an/a50.4%28.6%42.6%18.7%47.2%56.2%45.7%31.3%38.7%34.9%
Depreciation and amortisation1,0121,0431,0951,3211,2931,1881,5431,6951,6261,6511,6761,7771,873
Share-based compensation290234254282283283249330375450504551624
Buybacks4,3894,5004,4004,3001,600n/a1,0297,6523,5023,6506,0205,8147,465
Dividends paid1,0411,1721,2071,2511,3241,4221,4741,4481,5651,7801,9992,2712,417
Dividend per share$1.01$1.13$1.22$1.34$1.48$1.64$1.72$1.72$2.08$2.40$2.80$3.28n/a
Diluted shares, weighted1,051m1,003m935m886m859m830m806m790m752m736m713m696m679m
Shares outstanding at period end1,023m969m904m859m847m810m805m761m743m723m702m686m675m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

Buybacks and dividends are the cash paid in the year, from the cash flow statement; the dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014FY2015 FY2016 FY2017 FY2018 FY2019FY2020FY2021 FY2022FY2023FY2024FY2025TTM
Total assets159,103161,184158,893181,159189,000198,321191,367189,000228,354261,108271,461300,052308,203
Cash and equivalentsn/a23,23925,49433,26427,80824,44632,96521,50333,37046,59640,64047,79245,243
Goodwill3,0242,7492,9273,0093,0723,3153,8523,8043,7863,8514,1874,872n/a
Long-term debt57,95548,06146,99055,80458,42357,83542,95238,67542,57347,86649,71556,38757,017
Borrowings, as the company tags themn/an/an/a56,92259,55258,44643,04239,07443,41548,41150,27156,626n/a
Shareholders' equity20,67320,67320,50118,22722,29023,07122,98422,17724,71128,05730,26433,47434,280
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K

At the fiscal year end; the TTM column is the latest quarter end. A line the company does not tag under the usual name is left out.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded18.5%13.5%6.5%8.8%
Profit growth, compounded7.7%28.1%13.0%12.8%
Return on equity, average27.8%32.5%31.9%32.4%

Compounded growth is the latest fiscal year over the year that many years earlier, annualised; the TTM column is the last four quarters over the four before. Return on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Finance Services

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
American Express Co. AXP$211.7 billion19.0433.4%n/a8.8%1.661.0%
Coinbase Global, Inc. COIN$53.0 billionn/a-7.6%9.9%-10.4%0.45n/a
Synchrony Financial SYF$24.4 billion7.6920.8%n/a0.1%0.971.5%

The names on this site in the same industry (the SEC's SIC description), by market capitalisation. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close.

Filings

FilingPeriodFiledWhere
10-Q30 June 202624 July 2026EDGAR
10-Q31 March 202623 April 2026EDGAR
10-K31 December 20256 February 2026EDGAR
10-Q30 September 202517 October 2025EDGAR
10-Q30 June 202518 July 2025EDGAR
10-Q31 March 202518 April 2025EDGAR
10-K31 December 20247 February 2025EDGAR
10-Q30 September 202418 October 2024EDGAR
10-Q30 June 202419 July 2024EDGAR
10-Q31 March 202419 April 2024EDGAR

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