What is American Express's acquisitions?

American Express (AXP) reported acquisitions of $498M in Q1 2026.

What does acquisitions mean?

Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.

American Express AXP Acquisitions

Acquisitions at other companies

Capital One FinancialCOF

$241M-24.2%

CorpayCPAY

$0-100%

VisaV

$705M—

Global PaymentsGPN

$1.39B+2,685%

Global Business Travel GroupGBTG

-$10M—

PayPal Holdings, Inc.PYPL

——

Other financials

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

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Market cap$230.8B+10.1%

Enterprise value$237.48B+12.2%

P/E20.6×-0.1×

P/S3.1×+0.1×

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×

Where this comes from

Reported directly by American Express in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

The official record: American Express’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Express's acquisitions?: American Express (AXP) reported acquisitions of $498M in Q1 2026.
What does acquisitions mean?: Cash paid for business acquisitions net of cash acquired in the target company — the primary M&A cash flow line.