What is American Express's GMNS — goodwill?

American Express (AXP) reported GMNS — goodwill of $554M in Q4 2025.

How has American Express's GMNS — goodwill changed year-over-year?

American Express's GMNS — goodwill increased by 0.5% year-over-year, from $551M to $554M.

What does GMNS — goodwill mean?

Represents the total carrying value of intangible assets arising from business acquisitions within the Global Merchant and Network Services segment. It reflects the premium paid over the fair value of net identifiable assets, indicating historical growth through strategic consolidation.

American Express AXP GMNS — Goodwill

Other segment segments

$2.74B+27.7%

USCS

$799M+3.5%

ICS

$775M+8.2%

Similar metrics at other companies

NEMNGM — Goodwill

$257M0.0%

HLFCN — Goodwill

$3M+3.4%

GMGMNA — Goodwill and intangible assets, net

$2.32B-6.3%

EVTCMerchant Acquiring, net — Goodwill

$138.12M0.0%

SPHRMSG Networks — Goodwill

$297.91M-18.0%

DXCGBS — Goodwill

$0-100%

Other financials

Income statement

See full

Revenue$19.6B+10.0%

Net income$3.1B+7.8%

EPS (diluted)$4.53+11.0%

Balance sheet

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Cash & equivalents$45.2B-21.9%

Total debt$59.0B-1.1%

Total equity$34.3B+6.1%

Total assets$308.20B+4.3%

Cash flow

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Operating cash flow$5.4B+23.1%

CapEx$898.0M+45.1%

Free cash flow$4.5B+19.4%

Valuation

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Market cap$222.55B+2.9%

Enterprise value$236.36B+8.4%

P/E19.5×-1.9×

P/S2.9×-0.2×

Profitability

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Net margin15.1%+0.3pp

FCF margin19.8%—

Returns & leverage

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Return on equity34.4%+1.6pp

Debt / equity1.7×-0.1×

Where this comes from

Reported directly by American Express in its filing.

Tagged under the XBRL concept us-gaap:Goodwill.

The official record: American Express’s 10-K, filed February 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is American Express's GMNS — goodwill?: American Express (AXP) reported GMNS — goodwill of $554M in Q4 2025.
How has American Express's GMNS — goodwill changed year-over-year?: American Express's GMNS — goodwill increased by 0.5% year-over-year, from $551M to $554M.
What does GMNS — goodwill mean?: Represents the total carrying value of intangible assets arising from business acquisitions within the Global Merchant and Network Services segment. It reflects the premium paid over the fair value of net identifiable assets, indicating historical growth through strategic consolidation.