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American Express AXP Debt-to-equity

Debt-to-equity at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
1.4×+0.1×
Capital One Financial logo
Capital One FinancialCOF
0.5×-0.2×
Mastercard logo
MastercardMA
2.8×0.0×
Corpay logo
CorpayCPAY
+0.6×
Visa logo
VisaV
0.7×+0.1×
Synchrony Financial logo
Synchrony FinancialSYF
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

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-equity?
American Express (AXP) reported debt-to-equity of 1.8× in Q1 2026.
How has American Express's debt-to-equity changed year-over-year?
American Express's debt-to-equity increased by 5.1% year-over-year, from 1.7× to 1.8×.
What is the long-term trend for American Express's debt-to-equity?
Over 4 years (2021 to 2025), American Express's debt-to-equity has grown at a 1.5% compound annual growth rate (CAGR), from 6.7× to 7.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.