What is American Express's change in AP?

American Express (AXP) reported change in AP of $476M in Q1 2026.

How has American Express's change in AP changed year-over-year?

American Express's change in AP increased by 108.8% year-over-year, from $228M to $476M.

What is the long-term trend for American Express's change in AP?

Over 3 years (2021 to 2025), American Express's change in AP has grown at a -12.2% compound annual growth rate (CAGR), from $5.39B to $3.65B.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

American Express AXP Change in AP

Change in AP at other companies

DeluxeDLX

$300K-97.3%

MastercardMA

$14M-82.5%

CorpayCPAY

$311.11M+146%

VisaV

-$114M-111%

Delta Air LinesDAL

$210.5M+37.1%

Atlanticus Holdings CorporationATLC

-$8.2M-240%

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:IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities.

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 change in AP?: American Express (AXP) reported change in AP of $476M in Q1 2026.
How has American Express's change in AP changed year-over-year?: American Express's change in AP increased by 108.8% year-over-year, from $228M to $476M.
What is the long-term trend for American Express's change in AP?: Over 3 years (2021 to 2025), American Express's change in AP has grown at a -12.2% compound annual growth rate (CAGR), from $5.39B to $3.65B.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.