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American Express AXP Debt-to-equity

Debt-to-equity at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
1.4×0.0×
Deluxe logo
DeluxeDLX
2.1×-0.5×
Capital One Financial logo
Capital One FinancialCOF
0.4×-0.1×
Mastercard logo
MastercardMA
4.4×+2.0×
Corpay logo
CorpayCPAY
+0.6×
Visa logo
VisaV
0.8×0.0×

Other financials

Income statement

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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$227.07B+9.3%
Enterprise value$240.88B+15.0%
P/E19.8×-0.6×
P/S0.0×

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

Where this comes from

Calculated from American Express’s reported figures.

Based on the most recent quarter.

The source filing: American Express’s 10-Q, filed July 24, 2026. Open the filing →

Filed
Jul 24, 2026, 12:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000004962-26-000322

FAQ

What is American Express's debt-to-equity?
American Express (AXP) reported debt-to-equity of 1.7× in Q2 2026.
How has American Express's debt-to-equity changed year-over-year?
American Express's debt-to-equity decreased by 6.8% year-over-year, from 1.8× to 1.7×.
What is the long-term trend for American Express's debt-to-equity?
Over 5 years (2020 to 2025), American Express's debt-to-equity has grown at a -2.5% compound annual growth rate (CAGR), from 2× to 1.8×.
What does debt-to-equity mean?
Total debt (including capitalized leases and financing obligations) divided by shareholders' equity at the quarter end. Measures how much the company is financed by debt relative to equity.

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