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American Express AXP Debt-to-assets

Debt-to-assets at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
0.1×0.0×
Capital One Financial logo
Capital One FinancialCOF
0.1×0.0×
Mastercard logo
MastercardMA
0.4×0.0×
Corpay logo
CorpayCPAY
0.4×-0.1×
Visa logo
VisaV
0.3×0.0×
Synchrony Financial logo
Synchrony FinancialSYF
0.1×0.0×

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$232.36B+10.0%
Enterprise value$239.04B+13.3%
P/E20.7×+0.1×
P/S3.1×0.0×

Profitability

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Net margin15.1%-0.2pp

Returns & leverage

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Return on equity34.4%+0.1pp
Debt / equity1.8×+0.1×

Where this comes from

Calculated from American Express’s reported figures.

Based on the most recent quarter.

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 debt-to-assets?
American Express (AXP) reported debt-to-assets of 0.2× in Q1 2026.
How has American Express's debt-to-assets changed year-over-year?
American Express's debt-to-assets increased by 4.6% year-over-year, from 0.2× to 0.2×.
What is the long-term trend for American Express's debt-to-assets?
Over 4 years (2021 to 2025), American Express's debt-to-assets has grown at a -2.2% compound annual growth rate (CAGR), from 0.9× to 0.8×.
What does debt-to-assets mean?
What fraction of everything the company owns is funded by debt.
How do you interpret debt-to-assets?
A lower ratio indicates a more conservatively financed balance sheet. Rising debt-to-assets over time signals increasing financial risk.
How does debt-to-assets compare across companies?
Comparable within an industry; bounded between 0 and 1 for most non-financials, which makes cross-company reads cleaner than debt-to-equity.