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American Express AXP Free cash flow

Free cash flow at other companies

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DeluxeDLX
$27.3M+12.3%
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Capital One FinancialCOF
$5.47B+26.6%
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$2.85B+28.1%
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$2.63B-39.9%
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PayPal Holdings, Inc.PYPL
$903M-6.3%
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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%

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

Calculated from American Express’s reported figures.

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 free cash flow?
American Express (AXP) reported free cash flow of $2.66B in Q1 2026.
How has American Express's free cash flow changed year-over-year?
American Express's free cash flow decreased by 38.7% year-over-year, from $4.33B to $2.66B.
What is the long-term trend for American Express's free cash flow?
Over 3 years (2021 to 2025), American Express's free cash flow has grown at a 6.9% compound annual growth rate (CAGR), from $13.1B to $16B.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.