What is American Express's D&A?

American Express (AXP) reported D&A of $468M in Q1 2026.

How has American Express's D&A changed year-over-year?

American Express's D&A increased by 8.1% year-over-year, from $433M to $468M.

What is the long-term trend for American Express's D&A?

Over 4 years (2021 to 2025), American Express's D&A has grown at a 1.2% compound annual growth rate (CAGR), from $1.7B to $1.78B.

Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.

American Express AXP D&A

D&A at other companies

JPMorgan ChaseJPM

$2.36B+16.5%

DeluxeDLX

$6.4M+14.3%

Capital One FinancialCOF

$1.51B+86.0%

MastercardMA

$299M+8.7%

CorpayCPAY

$35.38M+24.6%

VisaV

$333M+9.2%

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$233.67B+11.7%

Enterprise value$240.35B+14.7%

P/E20.8×+0.5×

P/S3.2×0.0×

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:DepreciationAmortizationAndAccretionNet.

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 D&A?: American Express (AXP) reported D&A of $468M in Q1 2026.
How has American Express's D&A changed year-over-year?: American Express's D&A increased by 8.1% year-over-year, from $433M to $468M.
What is the long-term trend for American Express's D&A?: Over 4 years (2021 to 2025), American Express's D&A has grown at a 1.2% compound annual growth rate (CAGR), from $1.7B to $1.78B.
What does D&A mean?: Total non-cash depreciation of tangible assets and amortization of intangible assets — the largest add-back to net income in the operating cash flow reconciliation.