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American Express AXP Q4 2025 Annual earnings

Reported January 30, 2026 · Before market open

Revenue$19.0BBeat by $61.4M
EPS$3.53Miss by $0.01
Revenue estimate$18.9B
EPS estimate$3.54

Next report

Oct 23, 2026 (In 2 weeks)
Revenue estimate$20.1B
EPS estimate$4.53

Financials

Q4 2025

Income statement

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Revenue$19.0B+10.5%
Net income$2.5B+13.5%
EPS (diluted)$3.53+16.1%

Balance sheet

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Cash & equivalents$47.8B+17.6%
Total debt$58.9B+13.2%
Total equity$33.5B+10.6%
Total assets$300.05B+10.5%

Cash flow

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Operating cash flow$3.1B-46.9%
CapEx$722.0M+45.9%
Free cash flow$2.3B-55.6%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$254.84B+21.9%
Enterprise value$265.94B+20.6%
P/E23.5×+2.9×
P/S3.5×+0.4×

Profitability

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Net margin15%-0.4pp
FCF margin22.2%—

Returns & leverage

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Return on equity34%-0.7pp
Debt / equity1.8×0.0×

Segments

By segment

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USCS$4.2B+12.7%
CS$3.1B+3.8%
ICS$2.1B+15.1%
GMNS$1.7B+7.4%

By geography

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EMEA$1.8B+13.8%
APAC Geographic Region$1.3B+11.1%
Lacc Geographic Region$1.0B+9.1%
Other Unallocated-$67.8M+3.6%

FAQ

When did American Express report Q4 2025 earnings?
American Express (AXP) reported Q4 2025 earnings on January 30, 2026 before market open.
What were American Express's Q4 2025 revenue and EPS?
American Express reported revenue of $19.0B and eps of $3.53 for Q4 2025.
Did American Express beat estimates in Q4 2025?
Revenue beat the consensus estimate of $18.9B by $61.4M. EPS missed the consensus estimate of $3.54 by $0.01.
How did American Express's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.5% from $17.2B a year earlier and eps grew 16.1% from $3.04.
Where can I find American Express's Q4 2025 SEC filings?
You can read the 8-K earnings release (0000004962-26-000037) and the 10-K periodic report (0000004962-26-000080) directly on SEC EDGAR. The filing index links above go to sec.gov.