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EV / sales at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
5.4×+1.3×
Capital One Financial logo
Capital One FinancialCOF
1.5×-0.1×
Mastercard logo
MastercardMA
13.5×-4.1×
Corpay logo
CorpayCPAY
5.8×-1.9×
Visa logo
VisaV
13.7×-4.4×
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
0.9×-1.3×

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 EV / sales?
American Express (AXP) reported EV / sales of 2.9× in Q1 2026.
How has American Express's EV / sales changed year-over-year?
American Express's EV / sales increased by 2.6% year-over-year, from 2.8× to 2.9×.
What is the long-term trend for American Express's EV / sales?
Over 4 years (2021 to 2025), American Express's EV / sales has grown at a -1.5% compound annual growth rate (CAGR), from 13.8× to 13×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.