American Express Co (AXP)
American Express Co brought in $77.6B of revenue over the twelve months to September 30, 2026, up 10.2% from a year earlier. Net income was $12.3B, a net margin of 15.8%. Operating cash flow minus capital spending left $16B of free cash flow in fiscal 2025. At September 30, 2026 it held $43.2B in cash against $58.5B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on October 23, 2026.
Key facts about American Express Co
- Net worth
- American Express Co has a market value (market cap) of $219.4B at the latest share price, and shareholders' equity of $35.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $72.2B (+9.5% year on year), with net income of $10.8B. Over the 12 months to September 30, 2026: revenue $77.6B, net income $12.3B.
- Cash flow
- In fiscal 2025 operations brought in $18.4B of cash; after $2.4B of capital spending, free cash flow was $16B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on October 23, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- American Express Co's next report is expected around January 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- American Express Co declared dividends of $3.28 per share in fiscal 2025, a yield of 1.01% at the current price.
What American Express Co does
American Express issues charge cards and credit cards to consumers and businesses. It operates a payment network that processes transactions between merchants and cardholders, sells travel services, and offers revolving loans, rewards programs, and expense management tools. Its shares trade on NYSE under the ticker AXP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $72.2B | $10.8B | $15.38 | $16B |
| 2024 | $65.9B | $10.1B | $14.01 | $12.1B |
| 2023 | $60.5B | $8.4B | $11.21 | $17B |
| 2022 | $52.9B | $7.5B | $9.85 | $19.2B |
| 2021 | $42.4B | $8.1B | $10.02 | $13.1B |
| 2020 | $36.1B | $3.1B | $3.77 | $4.1B |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where AXP ranks in Finance
Dividends
American Express Co declared $3.28 per share in fiscal 2025. At the current price that is a yield of 1.01%. It paid out $2.3B in cash dividends, 21% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $3.28 | $2.3B | 21% |
| 2024 | $2.80 | $2B | 20% |
| 2023 | $2.40 | $1.8B | 21% |
| 2022 | $2.08 | $1.6B | 21% |
| 2021 | $1.72 | $1.4B | 18% |
| 2020 | $1.72 | $1.5B | 47% |
Latest SEC filings
What American Express Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 6, 2026Form 13F-HR filing 13F-HR
- October 30, 2026Other event 8-K
- October 23, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 8.9% to $20.1B versus the same quarter last year; diluted EPS $5.42 versus $4.14.
- October 23, 2026
- October 15, 2026
- October 8, 2026
- October 1, 2026Activist stake changed SCHEDULE 13D/A
- September 15, 2026
- August 17, 2026
- August 12, 2026
What is AXP worth? A DCF from its reported cash flow
Insider trades
What the people running American Express Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $140M worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| November 4, 2026 | Squeri Stephen JChairman and CEO, Director | Exercised options | 299,401 | $44.4M |
| November 4, 2026 | Squeri Stephen JChairman and CEO, Director | Sold | 7,851 | $2.6M |
| November 4, 2026 | Squeri Stephen JChairman and CEO, Director | Sold | 85,245 | $28.3M |
| November 4, 2026 | Squeri Stephen JChairman and CEO, Director | Sold | 200,791 | $66.7M |
| November 4, 2026 | Squeri Stephen JChairman and CEO, Director | Sold | 5,514 | $1.8M |
| November 2, 2026 | Marrs AnnaGroup Pres., GMNS | Exercised options | 44,910 | $6.7M |
| November 2, 2026 | Marrs AnnaGroup Pres., GMNS | Sold | 14,630 | $4.8M |
| November 2, 2026 | Marrs AnnaGroup Pres., GMNS | Sold | 16,833 | $5.5M |
Who owns AXP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| American Express Company13D, may seek influence | 30.1% | May 4, 2026 |
| Vanguard Capital Management13G, passive | 5.58% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,997 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Berkshire Hathaway Inc | 151,610,700 | 0 |
| BlackRock, Inc. | 42,006,392 | +96,083 |
| Vanguard Capital Management LLC | 35,215,521 | +2,205,306 |
| State Street Corp | 29,095,803 | -131,918 |
| Jpmorgan Chase & Co | 20,459,941 | +51,618 |
| Geode Capital Management, LLC | 14,019,549 | -146,925 |
| Morgan Stanley | 13,121,109 | +312,357 |
| Fisher Asset Management, LLC | 9,426,671 | +176,298 |
| Vanguard Portfolio Management LLC | 8,739,519 | +786,964 |
| Norges Bank | 7,985,867 | new |
| Bank of America Corp | 7,969,555 | +614,981 |
| Northern Trust Corp | 6,198,664 | -94,004 |
| Fmr LLC | 6,007,554 | -3,257,444 |
| Wells Fargo & Company | 5,963,599 | +272,927 |
| Nuveen, LLC | 5,189,802 | -400,979 |
| Goldman Sachs Group Inc | 5,120,864 | +150,276 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 5,053,409 | -193,996 |
| Massachusetts Financial Services Co | 4,467,904 | -599,751 |
| Artisan Partners Limited Partnership | 4,521,044 | -72,839 |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | 4,373,205 | -29,634 |
Insiders
16 insiders reported holding 458,073 shares in total, about $148.8M at the last price.
| Holder | Shares |
|---|---|
| Buckminster Douglas E.Vice Chairman | 149,790 |
| Rutledge ElizabethChief Marketing Officer | 90,195 |
| Squeri Stephen JChairman and CEO, Director | 60,567 |
| Skyler JenniferChief Corp. Affairs Officer | 25,739 |
| Marrs AnnaGroup Pres., GMNS | 20,509 |
| Le Caillec ChristopheChief Financial Officer | 18,668 |
| Marquez RafaelPresident, International Card | 17,270 |
| Herena MoniqueChief Colleague Exp. Officer | 12,445 |
| Joabar RaymondGrp. Pres., Global Comm. Serv. | 10,1891,487 held indirectly |
| McNeal Glenda GChief Partner Officer | 9,715 |
Questions about AXP
What does American Express Co do?
American Express issues charge cards and credit cards to consumers and businesses. It operates a payment network that processes transactions between merchants and cardholders, sells travel services, and offers revolving loans, rewards programs, and expense management tools. Its shares trade on NYSE under the ticker AXP.
What is American Express Co's net worth?
American Express Co has a market value (market cap) of $219.4B at the latest share price, and shareholders' equity of $35.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is American Express Co profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $12.3B on revenue of $77.6B, a net margin of 15.8%.
How much revenue does American Express Co make?
Over the twelve months to September 30, 2026 American Express Co reported revenue of $77.6B. That is 10.2% more than a year earlier.
When did American Express Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on October 23, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the form 13F-HR filing from November 6, 2026.
When is American Express Co's next earnings report?
American Express Co's next report is expected around January 22, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does American Express Co pay a dividend?
Yes. American Express Co declared dividends of $3.28 per share in fiscal 2025, a yield of 1.01% at the current price.
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Where the numbers come from
Financial figures are the values American Express Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.