American Express (AXP) Financials

$293.79 +8.57 (+3.00%)

Closing price 05/27/2025 03:59 PM Eastern

Extended Trading

$292.00 -1.80 (-0.61%)

As of 04:29 AM Eastern

Annual Income Statements for American Express

This table shows American Express' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	10,129	8,374	7,514	8,060	3,135	6,759	6,921	2,748	5,375	5,163
Consolidated Net Income / (Loss)	10,129	8,374	7,514	8,060	3,135	6,759	6,921	2,748	5,375	5,163
Net Income / (Loss) Continuing Operations	10,129	8,374	7,514	8,060	3,135	6,759	6,921	2,748	5,375	5,163
Total Pre-Tax Income	12,895	10,513	9,585	10,689	4,296	8,429	8,122	7,425	8,042	7,938
Total Revenue	65,949	60,515	52,862	42,380	36,087	43,556	40,338	36,878	35,438	32,818
Net Interest Income / (Expense)	15,543	13,134	9,895	7,750	7,985	8,620	7,663	6,451	5,779	5,922
Total Interest Income	23,795	19,983	12,658	9,033	10,083	12,084	10,606	8,563	7,484	7,545
Loans and Leases Interest Income	21,095	17,697	11,967	8,850	9,779	11,308	9,941	8,148	7,214	7,309
Investment Securities Interest Income	86	128	96	83	127	188	118	89	131	157
Deposits and Money Market Investments Interest Income	2,614	2,158	595	100	177	588	547	326	139	79
Total Interest Expense	8,252	6,849	2,763	1,283	2,098	3,464	2,943	2,112	1,705	1,623
Deposits Interest Expense	5,695	4,865	1,527	458	943	1,559	1,287	779	598	475
Long-Term Debt Interest Expense	2,557	1,984	1,236	825	1,155	1,905	1,656	1,333	1,107	1,148
Total Non-Interest Income	50,406	47,381	42,967	34,630	28,102	34,936	32,675	30,427	29,659	26,896
Provision for Credit Losses	5,185	4,923	2,182	-1,419	4,730	3,573	3,352	2,760	2,027	1,988
Total Non-Interest Expense	47,869	45,079	41,095	33,110	27,061	31,554	28,864	26,693	25,369	22,892
Salaries and Employee Benefits	8,198	8,067	7,252	6,240	5,718	5,911	5,250	5,258	5,259	4,976
Marketing Expense	11,926	10,870	10,401	9,053	6,747	7,125	6,477	5,722	6,249	3,109
Other Operating Expenses	27,745	26,142	23,442	17,817	14,596	18,518	17,137	15,713	13,861	14,807
Income Tax Expense	2,766	2,139	2,071	2,629	1,161	1,670	1,201	4,677	2,667	2,775
Weighted Average Basic Shares Outstanding	712M	735M	751M	789M	805M	828M	856M	883M	933M	999M
Diluted Earnings per Share	$14.01	$11.21	$9.85	$10.02	$3.77	$7.99	$7.91	$2.99	$5.61	$5.05
Weighted Average Diluted Shares Outstanding	713M	736M	752M	790M	806M	830M	859M	886M	935M	1.00B
Weighted Average Basic & Diluted Shares Outstanding	702.53M	723.87M	744.19M	759.35M	805.59M	808.04M	843.37M	860.28M	901.27M	964.05M
Cash Dividends to Common per Share	$2.80	$2.40	$2.08	$1.72	$1.72	$1.64	$1.48	$1.34	$1.22	$1.13

This table shows American Express' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	2,584	2,170	2,507	3,015	2,437	1,933	2,451	2,174	1,816	1,572	1,879
Consolidated Net Income / (Loss)	2,584	2,170	2,507	3,015	2,437	1,933	2,451	2,174	1,816	1,572	1,879
Net Income / (Loss) Continuing Operations	2,584	2,170	2,507	3,015	2,437	1,933	2,451	2,174	1,816	1,572	1,879
Total Pre-Tax Income	3,330	2,756	3,204	3,790	3,145	2,512	3,100	2,734	2,167	1,871	2,459
Total Revenue	16,967	17,179	16,636	16,333	15,801	15,799	15,381	15,054	14,281	14,176	13,556
Net Interest Income / (Expense)	4,169	4,038	4,006	3,730	3,769	3,604	3,442	3,105	2,983	2,758	2,578
Total Interest Income	6,135	6,077	6,149	5,794	5,775	5,552	5,240	4,775	4,416	3,965	3,374
Loans and Leases Interest Income	5,552	5,503	5,442	5,092	5,058	4,910	4,635	4,213	3,939	3,623	3,164
Investment Securities Interest Income	14	18	18	25	25	31	33	34	30	34	27
Deposits and Money Market Investments Interest Income	569	556	689	677	692	611	572	528	447	308	183
Total Interest Expense	1,966	2,039	2,143	2,064	2,006	1,948	1,798	1,670	1,433	1,207	796
Deposits Interest Expense	1,337	1,397	1,446	1,425	1,427	1,385	1,290	1,196	994	778	440
Long-Term Debt Interest Expense	629	642	697	639	579	563	508	474	439	429	356
Total Non-Interest Income	12,798	13,141	12,630	12,603	12,032	12,195	11,939	11,949	11,298	11,418	10,978
Provision for Credit Losses	1,150	1,292	1,356	1,268	1,269	1,437	1,233	1,198	1,055	1,027	778
Total Non-Interest Expense	12,487	13,131	12,076	11,275	11,387	11,850	11,048	11,122	11,059	11,278	10,319
Salaries and Employee Benefits	2,120	2,102	2,049	1,949	2,098	2,131	2,047	1,875	2,014	2,034	1,748
Marketing Expense	3,015	3,251	2,900	2,907	2,868	2,711	2,629	2,796	2,734	2,576	2,652
Other Operating Expenses	7,352	7,778	7,127	6,419	6,421	7,008	6,372	6,451	6,311	6,668	5,919
Income Tax Expense	746	586	697	775	708	579	649	560	351	299	580
Weighted Average Basic Shares Outstanding	701M	712M	708M	716M	721M	735M	732M	740M	743M	751M	748M
Diluted Earnings per Share	$3.64	$3.04	$3.49	$4.15	$3.33	$2.62	$3.30	$2.89	$2.40	$2.08	$2.47
Weighted Average Diluted Shares Outstanding	702M	713M	709M	717M	722M	736M	733M	741M	744M	752M	749M
Weighted Average Basic & Diluted Shares Outstanding	700.59M	702.53M	704.44M	710.91M	719.30M	723.87M	728.75M	736.46M	743.24M	744.19M	747.23M
Cash Dividends to Common per Share	$0.82	-	$0.70	$0.70	$0.70	-	$0.60	$0.60	$0.60	-	$0.52

This table details how cash moves in and out of American Express' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-5,956	12,682	11,886	-10,937	8,519	-3,362	-5,455	7,769	2,255	474
Net Cash From Operating Activities	14,050	18,559	21,079	14,645	5,591	13,632	8,930	13,540	8,291	2,621
Net Cash From Continuing Operating Activities	14,050	18,559	21,079	14,645	5,591	13,783	8,930	13,540	8,291	2,621
Net Income / (Loss) Continuing Operations	10,129	8,374	7,514	8,060	3,135	6,759	6,921	2,748	5,375	0.00
Consolidated Net Income / (Loss)	10,129	8,374	7,514	8,060	3,135	6,759	6,921	2,748	5,375	-
Provision For Loan Losses	5,185	4,923	2,182	-1,419	4,730	3,573	3,352	2,760	2,027	-
Depreciation Expense	1,676	1,651	1,626	1,695	1,543	1,188	1,293	1,321	1,095	1,043
Non-Cash Adjustments to Reconcile Net Income	-60	1,119	740	-442	932	860	738	1,064	-812	234
Changes in Operating Assets and Liabilities, net	-2,880	2,492	9,017	6,751	-4,749	1,403	-3,374	5,647	606	1,344
Net Cash From Investing Activities	-24,402	-24,433	-33,689	-10,529	11,632	-16,707	-19,615	-18,242	1,723	-8,193
Net Cash From Continuing Investing Activities	-24,402	-24,433	-33,689	-10,529	11,632	-16,707	-19,615	-18,242	1,723	-8,193
Purchase of Property, Leasehold Improvements and Equipment	-1,911	-1,563	-1,855	-1,550	-1,478	-1,645	-1,310	-1,062	-1,375	-1,341
Purchase of Investment Securities	-25,306	-26,760	-33,752	-29,073	5,882	-22,565	-21,808	-19,676	571	-1,868
Divestitures	594	0.00	0.00	-	-	-	-	-	-	-
Sale and/or Maturity of Investments	2,221	3,890	1,918	20,094	7,228	7,503	3,503	2,496	2,527	-4,864
Net Cash From Financing Activities	4,436	18,379	24,509	-14,933	-9,068	-519	5,101	12,245	-7,599	1,417
Net Cash From Continuing Financing Activities	4,436	18,379	24,509	-14,933	-9,068	-519	5,101	12,245	-7,599	1,417
Net Change in Deposits	10,305	18,915	25,902	-2,468	13,542	3,330	5,542	11,385	-1,935	10,878
Issuance of Debt	12,602	15,569	22,524	7,788	-4,558	12,706	21,524	32,764	8,824	9,923
Issuance of Common Equity	100	28	56	64	44	86	87	129	177	193
Repayment of Debt	-10,552	-10,703	-18,906	-11,201	-15,593	-10,534	-19,043	-26,382	-8,960	-19,246
Repurchase of Common Equity	-6,020	-3,650	-3,502	-7,652	-1,029	-4,685	-1,685	-4,400	-4,498	-
Payment of Dividends	-1,999	-1,780	-1,565	-1,448	-1,474	-1,422	-1,324	-1,251	-1,207	-1,172
Effect of Exchange Rate Changes	-40	177	-13	-120	364	232	129	226	-160	-276

This table details how cash moves in and out of American Express' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	11,868	-7,278	-4,977	-1,318	7,617	2,688	950	2,122	6,922	2,732	4,905
Net Cash From Operating Activities	4,764	5,778	-1,812	4,532	5,552	6,769	8,244	3,923	-377	8,432	4,508
Net Cash From Continuing Operating Activities	4,764	5,778	-1,812	4,532	5,552	6,769	8,244	3,923	-377	8,432	4,508
Net Income / (Loss) Continuing Operations	2,584	2,170	2,507	3,015	2,437	1,933	2,451	2,174	1,816	1,572	1,879
Consolidated Net Income / (Loss)	2,584	2,170	2,507	3,015	2,437	1,933	2,451	2,174	1,816	1,572	1,879
Provision For Loan Losses	1,150	1,292	1,356	1,268	1,269	1,437	1,233	1,198	1,055	1,027	778
Depreciation Expense	433	428	437	421	390	422	429	400	400	418	413
Non-Cash Adjustments to Reconcile Net Income	371	-120	508	-431	-17	380	246	196	297	-72	488
Changes in Operating Assets and Liabilities, net	226	2,008	-6,620	259	1,473	2,597	3,885	-45	-3,945	5,487	950
Net Cash From Investing Activities	451	-12,245	-3,522	-5,491	-3,144	-8,169	-6,929	-7,931	-1,404	-10,774	-7,523
Net Cash From Continuing Investing Activities	451	-12,245	-3,522	-5,491	-3,144	-8,169	-6,929	-7,931	-1,404	-10,774	-7,523
Purchase of Property, Leasehold Improvements and Equipment	-430	-495	-455	-565	-396	-426	-401	-376	-360	-513	-443
Purchase of Investment Securities	-239	-12,061	-4,006	-6,207	-3,032	-10,061	-6,951	-7,804	-1,944	-10,416	-7,731
Sale and/or Maturity of Investments	1,120	311	345	1,281	284	2,318	423	249	900	155	651
Net Cash From Financing Activities	6,643	-770	350	-325	5,181	4,067	-314	6,029	8,597	5,576	7,715
Net Cash From Continuing Financing Activities	6,643	-770	350	-325	5,181	4,067	-314	6,029	8,597	5,576	7,715
Net Change in Deposits	6,973	4,000	1,675	-653	5,283	4,698	1,701	1,950	10,566	6,754	7,088
Issuance of Debt	4,899	-86	4,330	5,495	2,863	2,152	5,257	6,423	1,737	1,784	6,093
Issuance of Common Equity	22	51	3.00	17	29	5.00	1.00	4.00	18	2.00	-
Repayment of Debt	-3,534	-3,194	-3,207	-2,901	-1,250	-1,433	-5,414	-853	-3,003	-1,919	-4,458
Repurchase of Common Equity	-1,208	-1,031	-1,935	-1,762	-1,292	-901	-1,400	-1,033	-316	-640	-601
Payment of Dividends	-509	-510	-516	-521	-452	-454	-459	-462	-405	-405	-407
Effect of Exchange Rate Changes	10	-41	7.00	-34	28	21	-51	101	106	-502	205

This table presents American Express' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	271,461	261,108	228,354	188,548	191,367	198,321	188,602	181,196	158,893	161,184
Cash and Due from Banks	3,413	7,118	5,510	1,292	2,984	3,613	3,253	5,148	4,429	3,193
Interest Bearing Deposits at Other Banks	37,006	39,312	28,097	20,548	29,824	20,610	24,026	27,709	20,779	19,569
Trading Account Securities	1,240	2,186	4,578	2,591	21,631	8,406	4,647	3,159	3,157	3,759
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	114,077	0.00	0.00	74,300	65,461	1,254
Loans Held for Sale	758	0.00	-	-	-	-	-	-	-	14,992
Premises and Equipment, Net	5,371	5,138	5,215	4,988	5,015	4,834	4,416	4,329	4,433	4,108
Other Assets	223,673	207,354	184,954	159,129	17,836	160,858	96,940	9,816	10,561	67,614
Total Liabilities & Shareholders' Equity	271,461	261,108	228,354	188,548	191,367	198,321	188,602	181,196	158,893	161,184
Total Liabilities	241,197	233,051	203,643	166,371	168,383	175,250	166,312	162,935	138,392	140,511
Non-Interest Bearing Deposits	139,413	129,144	110,239	84,382	86,875	73,287	69,960	64,452	53,042	54,997
Short-Term Debt	15,258	14,402	13,481	12,817	1,878	6,442	3,100	3,278	5,581	4,812
Long-Term Debt	49,715	47,866	42,573	38,675	42,952	57,835	58,423	55,804	46,990	48,061
Other Long-Term Liabilities	36,811	41,639	37,350	30,497	27,234	24,948	22,574	22,189	18,777	17,572
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	30,264	28,057	24,711	22,177	22,984	23,071	22,290	18,261	20,501	20,673
Total Preferred & Common Equity	30,264	28,057	24,711	22,177	22,984	23,071	22,290	18,261	20,501	20,673
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	30,264	28,057	24,711	22,177	22,984	23,071	22,290	18,261	20,501	20,673
Common Stock	11,511	11,517	11,642	11,648	12,042	11,937	12,388	12,382	12,914	13,542
Retained Earnings	22,148	19,612	16,279	13,474	13,837	13,871	12,499	8,307	10,371	9,665
Accumulated Other Comprehensive Income / (Loss)	-3,395	-3,072	-3,210	-2,945	-2,895	-2,737	-2,597	-2,428	-2,784	-2,534

This table presents American Express' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	282,244	271,461	270,979	272,219	269,261	261,108	250,587	244,904	235,842	228,354	214,915
Cash and Due from Banks	3,024	3,413	3,205	6,674	6,264	7,118	5,082	3,379	3,105	5,510	3,012
Interest Bearing Deposits at Other Banks	49,223	37,006	44,593	46,033	47,880	39,312	38,742	38,869	37,524	28,097	27,167
Trading Account Securities	1,110	1,240	1,268	1,210	2,232	2,186	3,160	4,087	3,964	4,578	4,539
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Loans Held for Sale	776	758	-	-	-	0.00	-	-	-	-	-
Premises and Equipment, Net	5,383	5,371	5,308	5,247	5,138	5,138	5,124	5,177	5,204	5,215	5,095
Other Assets	222,728	223,673	216,605	213,055	207,747	207,354	198,479	193,392	186,045	184,954	175,102
Total Liabilities & Shareholders' Equity	282,244	271,461	270,979	272,219	269,261	261,108	250,587	244,904	235,842	228,354	214,915
Total Liabilities	251,042	241,197	241,272	242,679	240,497	233,051	223,263	218,201	209,850	203,643	190,975
Non-Interest Bearing Deposits	146,396	139,413	135,438	133,746	134,418	129,144	124,439	122,756	120,806	110,239	103,463
Short-Term Debt	1,559	15,258	14,619	14,784	15,153	14,402	14,809	13,942	14,250	13,481	12,536
Long-Term Debt	51,236	49,715	53,546	51,521	48,826	47,866	46,447	46,725	41,138	42,573	42,393
Other Long-Term Liabilities	51,851	36,811	37,669	42,628	42,100	41,639	37,568	34,778	33,656	37,350	32,583
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	31,202	30,264	29,707	29,540	28,764	28,057	27,324	26,703	25,992	24,711	23,940
Total Preferred & Common Equity	31,202	30,264	29,707	29,540	28,764	28,057	27,324	26,703	25,992	24,711	23,940
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	31,202	30,264	29,707	29,540	28,764	28,057	27,324	26,703	25,992	24,711	23,940
Common Stock	11,177	11,511	11,436	11,475	11,498	11,517	11,547	11,657	11,671	11,642	11,632
Retained Earnings	23,391	22,148	21,466	21,265	20,421	19,612	18,953	18,130	17,427	16,279	15,685
Accumulated Other Comprehensive Income / (Loss)	-3,366	-3,395	-3,195	-3,200	-3,155	-3,072	-3,176	-3,084	-3,106	-3,210	-3,377

This table displays calculated financial ratios and metrics derived from American Express' official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.98%	14.48%	24.73%	17.44%	-17.15%	7.98%	9.38%	4.06%	7.98%	-4.01%
EBITDA Growth	19.79%	8.50%	-9.47%	112.09%	-39.28%	2.15%	7.65%	-4.28%	1.74%	-10.22%
EBIT Growth	22.66%	9.68%	-10.33%	148.81%	-49.03%	3.78%	9.39%	-7.67%	1.31%	-11.71%
NOPAT Growth	20.96%	11.45%	-6.77%	157.10%	-53.62%	-2.34%	151.86%	-48.87%	4.11%	-12.27%
Net Income Growth	20.96%	11.45%	-6.77%	157.10%	-53.62%	-2.34%	151.86%	-48.87%	4.11%	-12.27%
EPS Growth	24.98%	13.81%	-1.70%	165.78%	-52.82%	1.01%	164.55%	-46.70%	11.09%	-9.17%
Operating Cash Flow Growth	-24.30%	-11.96%	43.93%	161.94%	-58.99%	52.65%	-34.05%	63.31%	216.33%	-78.03%
Free Cash Flow Firm Growth	539.88%	-383.73%	-81.04%	-90.27%	603.13%	614.86%	129.61%	-126.04%	-57.38%	-3.61%
Invested Capital Growth	5.44%	11.84%	9.63%	8.63%	-22.36%	4.22%	8.37%	5.84%	-0.64%	-10.43%
Revenue Q/Q Growth	2.14%	2.76%	4.00%	7.06%	-5.29%	2.09%	1.94%	-4.24%	9.08%	-2.06%
EBITDA Q/Q Growth	1.75%	5.60%	-3.74%	3.68%	-0.09%	1.84%	-0.52%	9.71%	-3.43%	-7.76%
EBIT Q/Q Growth	1.93%	6.49%	-4.34%	4.37%	-2.89%	1.87%	0.41%	10.26%	-4.14%	-8.85%
NOPAT Q/Q Growth	2.40%	4.51%	-1.92%	3.61%	-7.52%	-4.48%	86.80%	-42.10%	-1.95%	-9.60%
Net Income Q/Q Growth	2.40%	4.51%	-1.92%	3.61%	-7.52%	24.20%	29.63%	-42.10%	-1.95%	-9.60%
EPS Q/Q Growth	3.09%	5.06%	-1.30%	4.59%	-6.68%	-3.50%	86.56%	-42.39%	-0.88%	-8.84%
Operating Cash Flow Q/Q Growth	-6.59%	-8.22%	19.39%	11.48%	5.75%	48.43%	-41.02%	13.58%	3,390.08%	-76.53%
Free Cash Flow Firm Q/Q Growth	769.50%	30.15%	104.16%	-85.28%	17.18%	101.72%	-99.76%	-215.47%	-72.41%	13.97%
Invested Capital Q/Q Growth	-2.69%	1.97%	2.40%	20.45%	-0.80%	3.59%	176.17%	7.12%	6.25%	-12.95%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	22.09%	20.10%	21.21%	29.22%	16.18%	22.08%	23.34%	23.72%	25.78%	27.37%
EBIT Margin	19.55%	17.37%	18.13%	25.22%	11.90%	19.35%	20.13%	20.13%	22.69%	24.19%
Profit (Net Income) Margin	15.36%	13.84%	14.21%	19.02%	8.69%	15.52%	17.16%	7.45%	15.17%	15.73%
Tax Burden Percent	78.55%	79.65%	78.39%	75.40%	72.97%	80.19%	85.21%	37.01%	66.84%	65.04%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	21.45%	20.35%	21.61%	24.60%	27.03%	19.81%	14.79%	62.99%	33.16%	34.96%
Return on Invested Capital (ROIC)	10.92%	9.79%	9.73%	11.39%	4.04%	7.90%	8.59%	3.65%	7.33%	6.63%
ROIC Less NNEP Spread (ROIC-NNEP)	10.92%	9.79%	9.73%	11.39%	4.04%	7.90%	8.59%	3.65%	7.33%	6.63%
Return on Net Nonoperating Assets (RNNOA)	23.82%	21.95%	22.32%	24.30%	9.57%	21.90%	25.55%	10.52%	18.78%	18.34%
Return on Equity (ROE)	34.74%	31.74%	32.05%	35.69%	13.61%	29.80%	34.13%	14.18%	26.11%	24.97%
Cash Return on Invested Capital (CROIC)	5.62%	-1.39%	0.54%	3.12%	29.22%	3.77%	0.56%	-2.03%	7.98%	17.64%
Operating Return on Assets (OROA)	4.84%	4.30%	4.60%	5.63%	2.20%	4.36%	4.39%	4.37%	5.03%	4.96%
Return on Assets (ROA)	3.80%	3.42%	3.60%	4.24%	1.61%	3.49%	3.74%	1.62%	3.36%	3.22%
Return on Common Equity (ROCE)	34.74%	31.74%	32.05%	35.69%	13.61%	29.80%	34.13%	14.18%	26.11%	24.97%
Return on Equity Simple (ROE_SIMPLE)	33.47%	29.85%	30.41%	36.34%	13.64%	29.30%	31.05%	15.05%	26.22%	24.97%
Net Operating Profit after Tax (NOPAT)	10,129	8,374	7,514	8,060	3,135	6,759	6,921	2,748	5,375	5,163
NOPAT Margin	15.36%	13.84%	14.21%	19.02%	8.69%	15.52%	17.16%	7.45%	15.17%	15.73%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	30.51%	31.29%	33.39%	36.09%	34.54%	29.93%	29.07%	29.77%	32.47%	24.64%
Operating Expenses to Revenue	72.58%	74.49%	77.74%	78.13%	74.99%	72.44%	71.56%	72.38%	71.59%	69.75%
Earnings before Interest and Taxes (EBIT)	12,895	10,513	9,585	10,689	4,296	8,429	8,122	7,425	8,042	7,938
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	14,571	12,164	11,211	12,384	5,839	9,617	9,415	8,746	9,137	8,981
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.89	4.80	4.34	5.51	4.04	4.13	3.37	4.29	2.96	2.91
Price to Tangible Book Value (P/TBV)	6.89	4.80	4.34	5.51	4.04	4.13	3.37	4.29	2.96	2.91
Price to Revenue (P/Rev)	3.16	2.22	2.03	2.88	2.57	2.19	1.86	2.13	1.71	1.83
Price to Earnings (P/E)	20.59	16.07	14.27	15.15	29.59	14.11	10.85	28.52	11.29	11.64
Dividend Yield	0.91%	1.54%	1.39%	1.09%	1.49%	1.37%	1.64%	1.45%	1.80%	1.80%
Earnings Yield	4.86%	6.22%	7.01%	6.60%	3.38%	7.09%	9.21%	3.51%	8.86%	8.59%
Enterprise Value to Invested Capital (EV/IC)	2.45	1.67	1.61	2.06	1.55	1.55	1.30	1.35	1.20	1.23
Enterprise Value to Revenue (EV/Rev)	3.54	2.49	2.45	3.58	2.90	3.11	2.71	2.84	2.48	2.75
Enterprise Value to EBITDA (EV/EBITDA)	16.00	12.37	11.57	12.26	17.94	14.08	11.62	11.96	9.63	10.04
Enterprise Value to EBIT (EV/EBIT)	18.08	14.31	13.53	14.20	24.39	16.06	13.46	14.09	10.95	11.36
Enterprise Value to NOPAT (EV/NOPAT)	23.02	17.96	17.26	18.83	33.42	20.03	15.80	38.06	16.38	17.47
Enterprise Value to Operating Cash Flow (EV/OCF)	16.59	8.11	6.15	10.36	18.74	9.93	12.25	7.73	10.62	34.41
Enterprise Value to Free Cash Flow (EV/FCFF)	44.69	0.00	310.29	68.84	4.62	42.00	242.48	0.00	15.05	6.57
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.15	2.22	2.27	2.32	1.95	2.79	2.76	3.24	2.56	2.56
Long-Term Debt to Equity	1.64	1.71	1.72	1.74	1.87	2.51	2.62	3.06	2.29	2.32
Financial Leverage	2.18	2.24	2.29	2.13	2.37	2.77	2.97	2.88	2.56	2.76
Leverage Ratio	9.13	9.28	8.89	8.41	8.46	8.53	9.12	8.77	7.77	7.75
Compound Leverage Factor	9.13	9.28	8.89	8.41	8.46	8.53	9.12	8.77	7.77	7.75
Debt to Total Capital	68.22%	68.94%	69.40%	69.90%	66.11%	73.59%	73.41%	76.39%	71.94%	71.89%
Short-Term Debt to Total Capital	16.02%	15.94%	16.69%	17.40%	2.77%	7.38%	3.70%	4.24%	7.64%	6.54%
Long-Term Debt to Total Capital	52.20%	52.99%	52.71%	52.50%	63.34%	66.21%	69.71%	72.15%	64.31%	65.35%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	31.78%	31.06%	30.60%	30.10%	33.89%	26.41%	26.59%	23.61%	28.06%	28.11%
Debt to EBITDA	4.46	5.12	5.00	4.16	7.68	6.68	6.53	6.76	5.75	5.89
Net Debt to EBITDA	1.69	1.30	2.00	2.39	2.06	4.16	3.64	3.00	2.99	3.35
Long-Term Debt to EBITDA	3.41	3.94	3.80	3.12	7.36	6.01	6.21	6.38	5.14	5.35
Debt to NOPAT	6.41	7.44	7.46	6.39	14.30	9.51	8.89	21.50	9.78	10.24
Net Debt to NOPAT	2.42	1.89	2.99	3.68	3.83	5.93	4.95	9.54	5.09	5.83
Long-Term Debt to NOPAT	4.91	5.72	5.67	4.80	13.70	8.56	8.44	20.31	8.74	9.31
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,217	-1,186	418	2,205	22,669	3,224	451	-1,523	5,849	13,725
Operating Cash Flow to CapEx	735.22%	1,187.40%	1,136.33%	944.84%	378.28%	828.69%	681.68%	1,274.95%	602.98%	195.45%
Free Cash Flow to Firm to Interest Expense	0.63	-0.17	0.15	1.72	10.81	0.93	0.15	-0.72	3.43	8.46
Operating Cash Flow to Interest Expense	1.70	2.71	7.63	11.41	2.66	3.94	3.03	6.41	4.86	1.61
Operating Cash Flow Less CapEx to Interest Expense	1.47	2.48	6.96	10.21	1.96	3.46	2.59	5.91	4.06	0.79
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.25	0.25	0.25	0.22	0.19	0.23	0.22	0.22	0.22	0.20
Fixed Asset Turnover	12.55	11.69	10.36	8.47	7.33	9.42	9.23	8.42	8.30	8.16
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	95,237	90,325	80,765	73,669	67,814	87,348	83,813	77,343	73,072	73,546
Invested Capital Turnover	0.71	0.71	0.68	0.60	0.47	0.51	0.50	0.49	0.48	0.42
Increase / (Decrease) in Invested Capital	4,912	9,560	7,096	5,855	-19,534	3,535	6,470	4,271	-474	-8,562
Enterprise Value (EV)	233,136	150,429	129,702	151,783	104,774	135,400	109,359	104,601	88,034	90,198
Market Capitalization	208,582	134,591	107,255	122,131	92,752	95,346	75,115	78,376	60,671	60,087
Book Value per Share	$42.96	$38.50	$33.07	$28.63	$28.54	$28.19	$26.09	$21.04	$22.40	$21.00
Tangible Book Value per Share	$42.96	$38.50	$33.07	$28.63	$28.54	$28.19	$26.09	$21.04	$22.40	$21.00
Total Capital	95,237	90,325	80,765	73,669	67,814	87,348	83,813	77,343	73,072	73,546
Total Debt	64,973	62,268	56,054	51,492	44,830	64,277	61,523	59,082	52,571	52,873
Total Long-Term Debt	49,715	47,866	42,573	38,675	42,952	57,835	58,423	55,804	46,990	48,061
Net Debt	24,554	15,838	22,447	29,652	12,022	40,054	34,244	26,225	27,363	30,111
Capital Expenditures (CapEx)	1,911	1,563	1,855	1,550	1,478	1,645	1,310	1,062	1,375	1,341
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	64,973	62,268	56,054	51,492	44,830	64,277	61,523	59,082	52,571	52,873
Total Depreciation and Amortization (D&A)	1,676	1,651	1,626	1,695	1,543	1,188	1,293	1,321	1,095	1,043
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$9.86	$10.04	$3.77	$8.00	$7.93	$2.98	$5.67	$5.07
Adjusted Weighted Average Basic Shares Outstanding	712M	735M	751M	789M	805M	828M	856M	883M	933M	999M
Adjusted Diluted Earnings per Share	$14.01	$11.21	$9.85	$10.02	$3.77	$7.99	$7.91	$2.97	$5.65	$5.05
Adjusted Weighted Average Diluted Shares Outstanding	713M	736M	752M	790M	806M	830M	859M	886M	935M	1.00B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	702.53M	723.87M	744.19M	759.35M	805.59M	808.04M	843.37M	860.28M	901.27M	964.05M
Normalized Net Operating Profit after Tax (NOPAT)	10,129	8,374	7,514	8,060	3,135	6,759	6,921	5,198	5,375	5,163
Normalized NOPAT Margin	15.36%	13.84%	14.21%	19.02%	8.69%	15.52%	17.16%	14.09%	15.17%	15.73%
Pre Tax Income Margin	19.55%	17.37%	18.13%	25.22%	11.90%	19.35%	20.13%	20.13%	22.69%	24.19%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.56	1.54	3.47	8.33	2.05	2.43	2.76	3.52	4.72	4.89
NOPAT to Interest Expense	1.23	1.22	2.72	6.28	1.49	1.95	2.35	1.30	3.15	3.18
EBIT Less CapEx to Interest Expense	1.33	1.31	2.80	7.12	1.34	1.96	2.31	3.01	3.91	4.06
NOPAT Less CapEx to Interest Expense	1.00	0.99	2.05	5.07	0.79	1.48	1.91	0.80	2.35	2.35
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	19.74%	21.26%	20.83%	17.97%	47.02%	21.04%	19.13%	45.52%	22.46%	22.70%
Augmented Payout Ratio	79.17%	64.84%	67.43%	112.90%	79.84%	90.35%	43.48%	205.64%	106.14%	22.70%

This table displays calculated financial ratios and metrics derived from American Express' official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.38%	8.73%	8.16%	8.50%	10.64%	11.45%	13.46%	12.39%	21.70%	16.72%	24.05%
EBITDA Growth	6.45%	8.52%	3.17%	34.37%	37.71%	28.18%	22.88%	6.60%	-17.46%	-16.00%	-0.69%
EBIT Growth	5.88%	9.71%	3.35%	38.62%	45.13%	34.26%	26.07%	7.51%	-20.10%	-18.86%	0.37%
NOPAT Growth	6.03%	12.26%	2.28%	38.68%	34.20%	22.96%	30.44%	10.69%	-13.48%	-8.55%	2.90%
Net Income Growth	6.03%	12.26%	2.28%	38.68%	34.20%	22.96%	30.44%	10.69%	-13.48%	-8.55%	2.90%
EPS Growth	9.31%	16.03%	5.76%	43.60%	38.75%	25.96%	33.60%	12.45%	-12.09%	-5.88%	8.81%
Operating Cash Flow Growth	-14.19%	-14.64%	-121.98%	15.52%	1,572.68%	-19.72%	82.87%	-7.89%	-109.72%	68.37%	8.05%
Free Cash Flow Firm Growth	226.93%	64.05%	6.54%	32.68%	-61.53%	-38.07%	54.13%	21.67%	-41.95%	-33.56%	-275.36%
Invested Capital Growth	-9.43%	5.44%	10.49%	9.70%	13.96%	11.84%	12.31%	13.34%	9.92%	9.63%	28.95%
Revenue Q/Q Growth	-1.23%	3.26%	1.86%	3.37%	0.01%	2.72%	2.17%	5.41%	0.74%	4.57%	1.20%
EBITDA Q/Q Growth	18.18%	-12.55%	-13.54%	19.12%	20.48%	-16.86%	12.60%	22.09%	12.15%	-20.30%	-2.31%
EBIT Q/Q Growth	20.83%	-13.98%	-15.46%	20.51%	25.20%	-18.97%	13.39%	26.17%	15.82%	-23.91%	-3.30%
NOPAT Q/Q Growth	19.08%	-13.44%	-16.85%	23.72%	26.07%	-21.13%	12.74%	19.71%	15.52%	-16.34%	-4.33%
Net Income Q/Q Growth	19.08%	-13.44%	-16.85%	23.72%	26.07%	-21.13%	12.74%	19.71%	15.52%	-16.34%	-4.33%
EPS Q/Q Growth	19.74%	-12.89%	-15.90%	24.62%	27.10%	-20.61%	14.19%	20.42%	15.38%	-15.79%	-3.89%
Operating Cash Flow Q/Q Growth	-17.55%	418.87%	-139.98%	-18.37%	-17.98%	-17.89%	110.15%	1,140.58%	-104.47%	87.05%	5.85%
Free Cash Flow Firm Q/Q Growth	513.20%	59.59%	-24.27%	38.83%	-17.03%	-5.06%	10.49%	-46.78%	-0.04%	65.10%	-52.85%
Invested Capital Q/Q Growth	-11.80%	-2.69%	2.11%	3.34%	2.68%	1.97%	1.38%	7.36%	0.76%	2.40%	2.31%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	22.18%	18.53%	21.89%	25.78%	22.37%	18.57%	22.94%	20.82%	17.97%	16.15%	21.19%
EBIT Margin	19.63%	16.04%	19.26%	23.20%	19.90%	15.90%	20.15%	18.16%	15.17%	13.20%	18.14%
Profit (Net Income) Margin	15.23%	12.63%	15.07%	18.46%	15.42%	12.24%	15.94%	14.44%	12.72%	11.09%	13.86%
Tax Burden Percent	77.60%	78.74%	78.25%	79.55%	77.49%	76.95%	79.06%	79.52%	83.80%	84.02%	76.41%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	22.40%	21.26%	21.75%	20.45%	22.51%	23.05%	20.94%	20.48%	16.20%	15.98%	23.59%
Return on Invested Capital (ROIC)	11.57%	8.98%	10.44%	12.76%	10.99%	8.66%	11.21%	10.02%	9.07%	7.59%	10.06%
ROIC Less NNEP Spread (ROIC-NNEP)	11.57%	8.98%	10.44%	12.76%	10.99%	8.66%	11.21%	10.02%	9.07%	7.59%	10.06%
Return on Net Nonoperating Assets (RNNOA)	22.52%	19.59%	23.69%	28.80%	23.96%	19.41%	25.40%	22.98%	20.06%	17.41%	19.07%
Return on Equity (ROE)	34.09%	28.57%	34.12%	41.56%	34.95%	28.06%	36.61%	33.01%	29.13%	25.00%	29.13%
Cash Return on Invested Capital (CROIC)	21.53%	5.62%	0.64%	1.49%	-2.72%	-1.39%	-2.03%	-3.46%	-0.14%	0.54%	-14.35%
Operating Return on Assets (OROA)	4.78%	3.97%	4.77%	5.68%	4.89%	3.93%	5.10%	4.60%	3.90%	3.35%	4.62%
Return on Assets (ROA)	3.71%	3.13%	3.73%	4.52%	3.79%	3.03%	4.03%	3.66%	3.26%	2.81%	3.53%
Return on Common Equity (ROCE)	34.09%	28.57%	34.12%	41.56%	34.95%	28.06%	36.61%	33.01%	29.13%	25.00%	29.13%
Return on Equity Simple (ROE_SIMPLE)	32.93%	0.00%	33.30%	33.30%	31.27%	0.00%	29.33%	27.87%	27.82%	0.00%	32.00%
Net Operating Profit after Tax (NOPAT)	2,584	2,170	2,507	3,015	2,437	1,933	2,451	2,174	1,816	1,572	1,879
NOPAT Margin	15.23%	12.63%	15.07%	18.46%	15.42%	12.24%	15.94%	14.44%	12.72%	11.09%	13.86%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	30.26%	31.16%	29.75%	29.73%	31.43%	30.65%	30.40%	31.03%	33.25%	32.52%	32.46%
Operating Expenses to Revenue	73.60%	76.44%	72.59%	69.03%	72.07%	75.00%	71.83%	73.88%	77.44%	79.56%	76.12%
Earnings before Interest and Taxes (EBIT)	3,330	2,756	3,204	3,790	3,145	2,512	3,100	2,734	2,167	1,871	2,459
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	3,763	3,184	3,641	4,211	3,535	2,934	3,529	3,134	2,567	2,289	2,872
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.04	6.89	6.47	5.62	5.73	4.80	3.96	4.77	4.63	4.34	4.11
Price to Tangible Book Value (P/TBV)	6.04	6.89	6.47	5.62	5.73	4.80	3.96	4.77	4.63	4.34	4.11
Price to Revenue (P/Rev)	2.81	3.16	2.98	2.62	2.66	2.22	1.84	2.23	2.17	2.03	1.94
Price to Earnings (P/E)	18.33	20.59	19.44	16.88	18.34	16.07	13.49	17.11	16.63	14.27	12.84
Dividend Yield	1.04%	0.91%	0.96%	1.08%	1.06%	1.54%	1.53%	1.26%	1.29%	1.39%	1.45%
Earnings Yield	5.45%	4.86%	5.14%	5.92%	5.45%	6.22%	7.41%	5.84%	6.01%	7.01%	7.79%
Enterprise Value to Invested Capital (EV/IC)	2.25	2.45	2.17	1.87	1.88	1.67	1.42	1.67	1.66	1.61	1.56
Enterprise Value to Revenue (EV/Rev)	2.82	3.54	3.29	2.84	2.82	2.49	2.13	2.55	2.44	2.45	2.42
Enterprise Value to EBITDA (EV/EBITDA)	12.77	16.00	14.85	12.64	13.31	12.37	10.90	13.42	12.66	11.57	10.57
Enterprise Value to EBIT (EV/EBIT)	14.44	18.08	16.81	14.32	15.21	14.31	12.72	15.79	14.94	13.53	12.29
Enterprise Value to NOPAT (EV/NOPAT)	18.39	23.02	21.50	18.27	19.43	17.96	15.67	19.59	18.67	17.26	16.07
Enterprise Value to Operating Cash Flow (EV/OCF)	14.25	16.59	14.14	7.16	7.14	8.11	6.21	8.84	8.03	6.15	6.97
Enterprise Value to Free Cash Flow (EV/FCFF)	9.93	44.69	354.44	132.00	0.00	0.00	0.00	0.00	0.00	310.29	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.69	2.15	2.29	2.24	2.22	2.22	2.24	2.27	2.13	2.27	2.29
Long-Term Debt to Equity	1.64	1.64	1.80	1.74	1.70	1.71	1.70	1.75	1.58	1.72	1.77
Financial Leverage	1.95	2.18	2.27	2.26	2.18	2.24	2.27	2.29	2.21	2.29	1.90
Leverage Ratio	9.20	9.13	9.15	9.19	9.22	9.28	9.08	9.02	8.92	8.89	8.25
Compound Leverage Factor	9.20	9.13	9.15	9.19	9.22	9.28	9.08	9.02	8.92	8.89	8.25
Debt to Total Capital	62.85%	68.22%	69.65%	69.18%	68.99%	68.94%	69.15%	69.44%	68.06%	69.40%	69.65%
Short-Term Debt to Total Capital	1.86%	16.02%	14.94%	15.42%	16.34%	15.94%	16.72%	15.96%	17.51%	16.69%	15.89%
Long-Term Debt to Total Capital	61.00%	52.20%	54.71%	53.75%	52.65%	52.99%	52.44%	53.48%	50.55%	52.71%	53.75%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	37.15%	31.78%	30.35%	30.82%	31.01%	31.06%	30.85%	30.56%	31.94%	30.60%	30.35%
Debt to EBITDA	3.57	4.46	4.76	4.67	4.87	5.12	5.32	5.59	5.19	5.00	4.72
Net Debt to EBITDA	0.04	1.69	1.42	0.96	0.75	1.30	1.51	1.70	1.38	2.00	2.13
Long-Term Debt to EBITDA	3.46	3.41	3.74	3.63	3.72	3.94	4.03	4.30	3.86	3.80	3.64
Debt to NOPAT	5.14	6.41	6.89	6.74	7.11	7.44	7.64	8.15	7.66	7.46	7.17
Net Debt to NOPAT	0.05	2.42	2.06	1.38	1.09	1.89	2.18	2.48	2.04	2.99	3.23
Long-Term Debt to NOPAT	4.99	4.91	5.41	5.24	5.43	5.72	5.80	6.28	5.69	5.67	5.53
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11,330	-2,742	-6,785	-5,460	-8,926	-7,627	-7,260	-8,111	-5,526	-5,524	-15,828
Operating Cash Flow to CapEx	1,107.91%	1,167.27%	-398.24%	802.12%	1,402.02%	1,588.97%	2,055.86%	1,043.35%	-104.72%	1,643.66%	1,017.61%
Free Cash Flow to Firm to Interest Expense	5.76	-1.34	-3.17	-2.65	-4.45	-3.92	-4.04	-4.86	-3.86	-4.58	-19.88
Operating Cash Flow to Interest Expense	2.42	2.83	-0.85	2.20	2.77	3.47	4.59	2.35	-0.26	6.99	5.66
Operating Cash Flow Less CapEx to Interest Expense	2.20	2.59	-1.06	1.92	2.57	3.26	4.36	2.12	-0.51	6.56	5.11
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.24	0.25	0.25	0.24	0.25	0.25	0.25	0.25	0.26	0.25	0.25
Fixed Asset Turnover	12.76	12.55	12.38	12.15	12.00	11.69	11.53	11.11	10.81	10.36	10.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	83,997	95,237	97,872	95,845	92,743	90,325	88,580	87,370	81,380	80,765	78,869
Invested Capital Turnover	0.76	0.71	0.69	0.69	0.71	0.71	0.70	0.69	0.71	0.68	0.73
Increase / (Decrease) in Invested Capital	-8,746	4,912	9,292	8,475	11,363	9,560	9,711	10,285	7,342	7,096	17,707
Enterprise Value (EV)	188,939	233,136	212,664	179,658	174,759	150,429	125,560	145,732	135,021	129,702	123,127
Market Capitalization	188,391	208,582	192,297	166,060	164,924	134,591	108,128	127,313	120,262	107,255	98,377
Book Value per Share	$44.41	$42.96	$41.79	$41.07	$39.89	$38.50	$37.10	$35.93	$34.93	$33.07	$31.93
Tangible Book Value per Share	$44.41	$42.96	$41.79	$41.07	$39.89	$38.50	$37.10	$35.93	$34.93	$33.07	$31.93
Total Capital	83,997	95,237	97,872	95,845	92,743	90,325	88,580	87,370	81,380	80,765	78,869
Total Debt	52,795	64,973	68,165	66,305	63,979	62,268	61,256	60,667	55,388	56,054	54,929
Total Long-Term Debt	51,236	49,715	53,546	51,521	48,826	47,866	46,447	46,725	41,138	42,573	42,393
Net Debt	548	24,554	20,367	13,598	9,835	15,838	17,432	18,419	14,759	22,447	24,750
Capital Expenditures (CapEx)	430	495	455	565	396	426	401	376	360	513	443
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	52,795	64,973	68,165	66,305	63,979	62,268	61,256	60,667	55,388	56,054	54,929
Total Depreciation and Amortization (D&A)	433	428	437	421	390	422	429	400	400	418	413
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$2.89	$2.41	$0.00	$2.47
Adjusted Weighted Average Basic Shares Outstanding	701M	712M	708M	716M	721M	735M	732M	740M	743M	751M	748M
Adjusted Diluted Earnings per Share	$3.64	$3.04	$3.49	$4.15	$3.33	$2.62	$3.30	$2.89	$2.40	$2.08	$2.47
Adjusted Weighted Average Diluted Shares Outstanding	702M	713M	709M	717M	722M	736M	733M	741M	744M	752M	749M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	700.59M	702.53M	704.44M	710.91M	719.30M	723.87M	728.75M	736.46M	743.24M	744.19M	747.23M
Normalized Net Operating Profit after Tax (NOPAT)	2,584	2,170	2,507	3,015	2,437	1,933	2,451	2,174	1,816	1,572	1,879
Normalized NOPAT Margin	15.23%	12.63%	15.07%	18.46%	15.42%	12.24%	15.94%	14.44%	12.72%	11.09%	13.86%
Pre Tax Income Margin	19.63%	16.04%	19.26%	23.20%	19.90%	15.90%	20.15%	18.16%	15.17%	13.20%	18.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.69	1.35	1.50	1.84	1.57	1.29	1.72	1.64	1.51	1.55	3.09
NOPAT to Interest Expense	1.31	1.06	1.17	1.46	1.21	0.99	1.36	1.30	1.27	1.30	2.36
EBIT Less CapEx to Interest Expense	1.48	1.11	1.28	1.56	1.37	1.07	1.50	1.41	1.26	1.13	2.53
NOPAT Less CapEx to Interest Expense	1.10	0.82	0.96	1.19	1.02	0.77	1.14	1.08	1.02	0.88	1.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	20.01%	19.74%	19.64%	19.17%	20.31%	21.26%	21.60%	22.56%	22.47%	20.83%	19.81%
Augmented Payout Ratio	77.77%	79.17%	79.19%	73.62%	71.74%	64.84%	63.90%	57.37%	53.56%	67.43%	95.95%

Frequently Asked Questions About American Express' Financials

When does American Express's fiscal year end?

According to the most recent income statement we have on file, American Express' financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has American Express' net income changed over the last 9 years?

American Express' net income appears to be on an upward trend, with a most recent value of $10.13 billion in 2024, rising from $5.16 billion in 2015. The previous period was $8.37 billion in 2023. Check out American Express' forecast to explore projected trends and price targets.

How has American Express revenue changed over the last 9 years?

Over the last 9 years, American Express' total revenue changed from $32.82 billion in 2015 to $65.95 billion in 2024, a change of 101.0%.

How much debt does American Express have?

American Express' total liabilities were at $241.20 billion at the end of 2024, a 3.5% increase from 2023, and a 71.7% increase since 2015.

How much cash does American Express have?

In the past 9 years, American Express' cash and equivalents has ranged from $1.29 billion in 2021 to $7.12 billion in 2023, and is currently $3.41 billion as of their latest financial filing in 2024.

How has American Express' book value per share changed over the last 9 years?

Over the last 9 years, American Express' book value per share changed from 21.00 in 2015 to 42.96 in 2024, a change of 104.5%.

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This page (NYSE:AXP) was last updated on 5/28/2025 by MarketBeat.com Staff

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American Express (AXP) Financials

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American Express (AXP) Financials

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