tradmap

AXP Financials American Express

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 13.5% per year over the past 5 years.
  • Net income has grown faster than revenue (28.1% vs 13.5% per year).
  • Free cash flow has grown 31.2% per year over the past 5 years.

Financial health

  • Total debt ($57.8B) exceeds cash ($47.8B); net debt is $10.0B.
  • Total debt has grown slower than revenue (5.2% vs 13.5% per year).

Shareholder returns

  • Dividends have been paid for 15 consecutive years, consuming 21.0% of earnings and 14.2% of free cash flow.
  • The dividend has grown 9.0% per year over the past 5 years.
Revenue & net income
$0 $21B $41B 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
0% 15% 29% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $10B $19B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $32B $64B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$34B -$5B $25B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $41.3B $10.8B 0.0% 0.0% $16.0B $57.8B $47.8B
2024 $38.8B $10.1B 0.0% 0.0% $12.1B $51.1B $40.6B
2023 $37.2B $8.4B 0.0% 0.0% $17.0B $49.2B $46.6B
2022 $34.2B $7.5B 0.0% 0.0% $19.2B $43.9B $33.9B
2021 $27.7B $8.1B 0.0% 0.0% $13.1B $40.9B $22.0B
2020 $22.0B $3.1B 0.0% 0.0% $4.1B $44.8B $33.0B
2019 $28.2B $6.8B 0.0% 0.0% $12.0B $64.3B $24.4B
2018 $26.6B $6.9B 0.0% 0.0% $7.6B $61.5B $27.8B
2017 $24.8B $2.7B 0.0% 0.0% $12.5B $59.1B $33.3B
2016 — $5.4B — — — $52.6B $25.5B
2015 — $5.2B — — — $52.9B $23.2B
2014 — $5.9B — — — $61.4B —
2013 — $5.4B — — — $60.4B —
2012 — $4.5B — — — $62.3B —
2011 — $4.9B — — $9.3B $63.9B —

Valuation over time

How the market has priced AXP against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 12.4 24.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 3.2 6.4 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 0.8 1.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is AXP growing its revenue and profit?

Over the past 5 years, American Express's revenue has grown 13.5% per year, and net income grown 28.1% per year. These are computed facts, not advice.

How much debt does AXP have?

As of FY2025, American Express reported $57.8B of total debt against $47.8B of cash.

What is AXP's profit margin?

In FY2025, gross margin was —, operating margin —, and net margin 26.2%.

What is AXP's P/E ratio?

As of Jun '26, American Express traded at a price-to-earnings ratio of about 21.6× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.