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American Express

AXP

American Express is a global integrated payments company that operates a unique closed-loop network, acting as both a card issuer and a merchant acquirer.

Market cap
$229.53B-0.2%
Revenue$74.2B+10.5%
Net income$11.2B+9.2%
Free cash flow$14.3B-23.6%
EPS (diluted)$16.03+11.9%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 24, 2026 (In 2 weeks)
Revenue estimate$19.7B
EPS estimate$4.39

Financials

Q1 2026

Income statement

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Revenue$18.9B+11.4%
Net income$3.0B+15.0%
EPS (diluted)$4.28+17.6%

Balance sheet

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Cash & equivalents$53.8B+2.4%
Total debt$60.4B+14.5%
Total equity$34.0B+9.0%
Total assets$308.89B+9.4%

Cash flow

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Operating cash flow$3.8B-20.2%
CapEx$1.1B+167%
Free cash flow$2.7B-38.7%

Valuation & ratios

Valuation

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Market cap$229.53B-0.2%
Enterprise value$236.21B+2.0%
P/E20.5×-2.2×
P/S3.1×-0.3×

Profitability

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Net margin15.1%-0.2pp
FCF margin19.3%

Returns & leverage

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Return on equity34.4%+0.1pp
Debt / equity1.8×+0.1×

Segments

By segment

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USCS$4.0B+9.8%
CS$2.9B+3.6%
ICS$2.0B+17.1%
GMNS$1.6B+9.8%

Competitors

Profile

American Express is a global integrated payments company that operates a unique closed-loop network, acting as both a card issuer and a merchant acquirer. The company provides credit and charge card products, expense management tools, and lifestyle services to a diverse global customer base. Its core value proposition centers on a premium brand identity, high-spending cardmember base, and an end-to-end payments platform that connects consumers and businesses.

Competitive position

A leading global premium payments brand with a differentiated closed-loop model that integrates issuing, acquiring, and network services.

GeographiesUnited States, Global
Customer segmentsMass affluent consumers, Small and medium enterprises (SME), Global enterprises, Retail merchants
Business modelClosed-loop payment network, Transaction-based fees, Subscription-based annual card fees, Net interest income
SuppliersTechnology infrastructure providers, Credit reporting agencies, Regulatory bodies, Capital markets for funding
CustomersIndividual cardholders, Corporate procurement departments, Retail and service merchants, Third-party bank issuers
Listed1972
Employees74.6K
CEOStephen Joseph Squeri
FilingsSEC EDGAR

Questions, answered.

What is American Express's market cap?
American Express (AXP) has a market capitalization of $229.53B and trades on NYSE.
What is American Express's revenue and profitability?
American Express generated $74.2B in trailing twelve-month revenue with net income of $11.2B, representing a net margin of 15.1%, with free cash flow of $14.3B. These figures are based on the Q1 2026 filing.
Who are American Express's competitors?
American Express's key competitors include Mastercard Incorporated, Capital One Financial Corporation, JPMorgan Chase & Co., and others. These companies compete in similar markets and product categories.
Who does American Express partner with?
American Express's notable partners include Delta Air Lines, Marriott International, Hilton Worldwide.
What subsidiaries does American Express have?
American Express's subsidiaries include American Express Travel Related Services Company, Inc., American Express National Bank, Kabbage.
Where is American Express headquartered?
American Express is headquartered in United States of America and employs approximately 74,600 people. It has been publicly traded since 1972.