Income StatementBalance SheetCash FlowSegments
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American Express Cash Flow Statement

Operating, investing, and financing cash movements

American Express generated $17.5B in operating cash flow over the trailing twelve months. After $3.1B in capital expenditures, free cash flow was $14.3B. Free cash flow increased 0.3% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$17.5BNet Cash From Investing (TTM)-$26.2BNet Cash From Financing (TTM)$15.3BCapital Expenditures (TTM)$3.1BDepreciation And Amortization Cf (TTM)$1.8BNet Change In Cash (TTM)$13.4B
Latest FilingQ1 2026
Report Date2026-04-23
Market Cap$212.74B
P/E Ratio18.96
ROE34.42%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Other non-cash income (expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Change in accounts payable—$228.0M$1.2B$1.9B$321.0M$476.0M
Change in other assets-$1.2B-$18.0M$1.2B$181.0M$1.4B$1.4B
Other working capital changes$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Deferred income taxes-$73.0M-$20.0M-$365.0M-$257.0M—$145.0M
Depreciation and amortization$428.0M$433.0M$427.0M$455.0M$462.0M$468.0M
Other Non-Cash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Loans held for sale activity$0.0$0.0———$42.0M
Other Non-cash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Other Non-cash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Net cash from operating activities$5.8B$4.8B$4.4B$6.2B$3.1B$3.8B
Net income$2.2B$2.6B$2.9B$2.9B$2.5B$3.0B
Other non-cash income (expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Increase (Decrease) in Accounts Payable and Other Operating Liabilities—$228.0M$1.2B$1.9B$321.0M$476.0M
Increase (Decrease) in Other Operating Assets-$1.2B-$18.0M$1.2B$181.0M$1.4B$1.4B
Other Noncash Income (Expense)$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Payment for Origination and Purchase, Loan, Held-for-Sale$0.0$0.0———$42.0M
Total provisions for credit losses$1.3B$1.2B$1.4B$1.3B$1.4B$1.3B
Other Non-cash Income and Expense$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Other Non-Cash Adjustments$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Other Non-Cash Income and Expense$231.0M-$213.0M$152.0M-$13.0M$311.0M$282.0M
Provision for credit losses$1.3B$1.2B$1.4B$1.3B$1.4B$1.3B
Stock-based compensation$111.0M$158.0M$127.0M$125.0M$141.0M$203.0M

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Acquisitions, net of cash acquired$364.0M$0.0$633.0M——$498.0M
Sales of short-term available-for-sale investments$7.0M$0.0$1.0M$41.0M$5.0M$8.0M
Capital expenditures$495.0M$430.0M$619.0M$654.0M$722.0M$1.1B
Payments for (Proceeds from) Loans Receivable$11.3B-$835.0M$5.3B$5.7B$9.4B-$512.0M
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale$304.0M$285.0M$302.0M$289.0M$577.0M$233.0M
Sale of investments$7.0M$0.0$1.0M$41.0M$5.0M$8.0M
Payments for and Proceeds from Loans Receivable$11.3B-$835.0M$5.3B$5.7B$9.4B-$512.0M
Net cash from investing activities-$12.2B$451.0M-$6.8B-$6.6B-$9.9B-$2.9B
Net change in loans and leases$11.3B-$835.0M$5.3B$5.7B$9.4B-$512.0M
Proceeds from maturities/sales of investments$7.0M$0.0$1.0M$41.0M$5.0M$8.0M
Purchases of investments$383.0M$239.0M$530.0M$545.0M$446.0M$2.0B

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$83.0M$4.8B$11.1B$6.5B$2.0B$3.5B
Repayments of debt$3.4B$3.5B$4.4B$7.0B$3.3B$1.5B
Dividends paid$510.0M$509.0M$593.0M$586.0M$583.0M$583.0M
Increase (Decrease) in Deposits$4.0B$7.0B$3.0B$496.0M$2.6B$5.4B
Proceeds from (Repayments of) Short-Term Debt$38.0M$131.0M——-$28.0M$110.0M
Net cash from financing activities—$6.6B$7.7B——$5.0B
Net change in deposits$4.0B$7.0B$3.0B$496.0M$2.6B$5.4B
Proceeds from issuance of common stock$51.0M$22.0M$0.0$26.0M$9.0M$7.0M
Repurchases of common stock$1.0B$1.2B$1.4B$2.4B$899.0M$1.9B
Net change in short-term borrowings$38.0M$131.0M——-$28.0M$110.0M
Net Change in Short-term Borrowings and Indebtedness to Subsidiaries$38.0M$131.0M——-$28.0M$110.0M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow$5.3B$4.3B$3.7B$5.6B$2.3B$2.7B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Effect of exchange rate changes on cash-$41.0M$10.0M$184.0M$91.0M$120.0M$57.0M
Net increase (decrease) in cash-$7.3B$11.9B$5.4B——$6.0B