AXP

AMERICAN EXPRESS CO ↗ website

CIK: 0000004962 · Financial Services / Credit Services · 32d ago

$321.80 -4.30 (-1.32%)

Market Cap $217B P/E 19.5 P/B 6.3 Div Yield 1.17% 52W $291 – $387

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Growth

Compounded Revenue Growth

10 Years	19%
5 Years	13%
3 Years	6%
TTM	9%

Compounded Profit Growth

10 Years	8%
5 Years	28%
3 Years	13%
TTM	13%

TBVPS CAGR

10 Years	9%
5 Years	11%
3 Years	14%

Returns / Quality

Avg ROTCE

10 Years	29%
5 Years	34%
3 Years	33%
Last Year	34%

Avg NPL Ratio

10 Years	—
5 Years	—
3 Years	—

Capital Allocation

Dividend Growth (DPS)

10 Years	11%
5 Years	13%
3 Years	16%

Performance

Stock Price CAGR

10 Years	19%
5 Years	15%
3 Years	31%
1 Year	-2%

Metric	FY15	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income Statement — Banking (USD millions)
Total Revenue	7,545	24,235	24,780	26,607	28,159	21,974	27,716	34,219	37,218	38,825	41,304
Revenue growth %	N/A	221.2%	2.2%	7.4%	5.8%	-22.0%	26.1%	23.5%	8.8%	4.3%	6.4%
Interest Income	7,545	7,484	8,563	10,606	12,084	10,083	9,033	12,658	19,983	23,795	25,598
Interest Expense	1,623	1,705	2,112	2,943	3,464	2,098	1,283	2,763	6,849	5,695	5,425
Net Interest Income (NII)	5,922	5,779	6,451	7,663	8,620	7,985	7,750	9,895	13,134	15,543	17,364
Provision for Credit Losses	1,988	2,027	2,760	3,352	3,573	4,730	-1,419	2,182	4,923	5,185	5,256
NII After Provision	3,934	3,752	3,691	4,311	5,047	3,255	9,169	7,713	8,211	10,358	12,108
Non-Interest Income	26,896	29,659	30,427	32,675	34,936	28,102	34,630	42,967	47,381	50,406	54,865
Non-Interest Expense	22,892	25,369	26,693	28,864	31,554	27,061	33,110	41,095	45,079	47,869	53,178
Pre-Tax Income	7,938	8,042	7,425	8,122	8,429	4,296	10,689	9,585	10,513	12,895	13,795
Net Income	5,163	5,375	2,748	6,921	6,759	3,135	8,060	7,514	8,374	10,129	10,833
Net income growth %	N/A	4.1%	-48.9%	151.9%	-2.3%	-53.6%	157.1%	-6.8%	11.4%	21.0%	7.0%
EPS (diluted, $)	5.33	5.95	3.20	8.17	7.99	3.77	10.02	9.85	11.21	14.01	15.38
EPS growth %	N/A	11.6%	-46.2%	155.4%	-2.2%	-52.8%	165.8%	-1.7%	13.8%	25.0%	9.8%
Balance Sheet — Banking (USD millions)
Cash & Due from Banks	23,239	25,494	33,333	27,974	24,669	33,122	22,216	34,221	46,762	40,861	48,534
Investment Securities	3,759	3,157	70	166	223	157	188	307	166	221	742
Gross Loans & Leases	—	—	—	81,854	87,381	—	—	—	—	—	—
Allowance for Credit Losses	(1,028)	(1,223)	(1,706)	(2,134)	(2,383)	—	—	—	—	—	—
Net Loans	—	—	—	79,720	84,998	—	—	—	—	—	—
Total Assets	161,000	159,000	181,000	189,000	198,000	191,000	189,000	228,354	261,108	271,461	300,052
Total Deposits	54,997	53,042	64,452	69,960	73,287	86,875	84,382	110,239	129,144	139,413	152,488
Borrowings (ST + LT)	52,873	52,571	59,082	61,523	64,277	44,830	40,918	43,921	49,159	51,089	57,758
Shareholders' Equity	20,673	20,523	18,261	22,290	23,071	22,984	22,177	24,711	28,057	30,264	33,474
Tangible Common Equity (TCE)	20,673	20,523	18,261	22,290	23,071	22,984	22,177	24,711	28,057	30,264	33,474
Shares Outstanding (M)	969	904	859	847	810	805	761	743	723	702	686
Capital Returns (USD millions)
Dividends Paid	1,172	1,207	1,251	1,324	1,422	1,474	1,448	1,565	1,780	1,999	2,271
Share Repurchases	4,500	4,400	4,300	1,600	0	1,029	7,652	3,502	3,650	6,020	5,814
Buyback yield %	7.8%	7.5%	5.7%	2.2%	—	1.1%	6.5%	3.3%	2.8%	2.9%	2.3%
Capital return ratio % ⓘ	109.9%	104.3%	202.0%	42.2%	21.0%	79.8%	112.9%	67.4%	64.8%	79.2%	74.6%
Key Ratios — Banking
NIM %	3.7%	3.6%	3.8%	4.1%	4.5%	4.1%	4.1%	4.7%	5.4%	5.8%	6.1%
Efficiency Ratio %	69.8%	71.6%	72.4%	71.6%	72.4%	75.0%	78.1%	77.7%	74.5%	72.6%	73.6%
ROTCE %	25.0%	26.1%	14.2%	34.1%	29.8%	13.6%	35.7%	32.1%	31.7%	34.7%	34.0%
ROA %	3.2%	3.4%	1.5%	3.7%	3.4%	1.6%	4.3%	3.3%	3.2%	3.7%	3.6%
NPL Ratio %	—	—	—	—	—	—	—	—	—	—	—
Loan-to-Deposit %	—	—	—	117.0%	119.2%	—	—	—	—	—	—

Metric	FY24 Q3 Sep 24	FY24 Q4 Dec 24	FY25 Q1 Mar 25	FY25 Q2 Jun 25	FY25 Q3 Sep 25	FY25 Q4 Dec 25	FY26 Q1 Mar 26	FY26 Q2 Jun 26
Profit & Loss (USD millions)
Revenue	9,716	9,952	9,626	10,321	10,415	10,942	10,517	11,212
Gross profit	—	—	—	—	—	—	—	—
Gross margin %	—	—	—	—	—	—	—	—
Operating income	—	—	—	—	—	—	—	—
Net income	2,507	2,170	2,584	2,885	2,902	2,462	2,971	3,110
Net margin %	25.8%	21.8%	26.8%	28.0%	27.9%	22.5%	28.2%	27.7%
EPS (diluted, $)	3.49	3.09	3.64	4.08	4.14	3.59	4.28	4.53
Balance Sheet (USD millions, end of quarter)
Total assets	270,979	271,461	282,244	295,556	297,550	300,052	308,894	308,203
Total debt	55,003	51,089	52,795	59,695	59,233	57,758	60,442	59,049
Shareholders' equity	29,707	30,264	31,202	32,311	32,417	33,474	33,995	34,280
Cash & equivalents	47,918	40,861	52,508	57,937	54,706	48,534	53,757	45,243
Cash Flow (USD millions)
Operating cash flow	-1,812	5,778	4,764	4,364	6,233	3,067	3,804	5,371
Capex	455	495	430	619	654	722	1,149	898
Free cash flow	-2,267	5,283	4,334	3,745	5,579	2,345	2,655	4,473

US Consumer Services Segment

Global Consumer Services Group

Commercial Services Segment

Global Commercial Services

International Card Services Segment

Global Merchant And Network Services Segment

Global Merchant And Network Services

Corporate And Other

Segment	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue ($M)
Corporate And Other	105 0%	15 0%-86%	16 0%+7%	—	—	—	—	—	—	—
Global Commercial Services	8,918 37%	9,471 38%+6%	10,019 38%+6%	10,633 38%+6%	8,145 37%-23%	9,863 36%+21%	—	—	—	—
Global Consumer Services Group	9,386 39%	9,448 38%+1%	11,264 42%+19%	12,555 45%+11%	9,974 45%-21%	13,047 47%+31%	—	—	—	—
Global Merchant And Network Services	5,826 24%	5,846 24%+0%	5,312 20%-9%	4,965 18%-7%	3,882 18%-22%	4,635 17%+19%	—	—	—	—
Commercial Services Segment	—	—	—	—	7,123 32%	8,659 31%+22%	10,844 32%+25%	11,379 31%+5%	11,559 30%+2%	11,856 29%+3%
Global Merchant And Network Services Segment	—	—	—	—	3,948 18%	4,694 17%+19%	5,603 16%+19%	6,006 16%+7%	6,051 16%+1%	6,306 15%+4%
International Card Services Segment	—	—	—	—	3,663 17%	4,368 16%+19%	5,301 15%+21%	6,155 17%+16%	6,766 17%+10%	7,544 18%+11%
US Consumer Services Segment	—	—	—	—	7,261 33%	9,823 35%+35%	12,478 36%+27%	13,715 37%+10%	14,481 37%+6%	15,626 38%+8%
Total (check)	24,235	24,780	26,611	28,153	43,996	55,089	34,226	37,255	38,857	41,332

Source: SEC EDGAR XBRL · Full breakdown ↗

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