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American Express AXP Payments to Acquire Businesses, Net of Cash Acquired

Payments to Acquire Businesses, Net of Cash Acquired at other companies

U.S. Bancorp logo
U.S. BancorpUSB
-$859M-6,024%
Capital One Financial logo
Capital One FinancialCOF
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL

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$228.84B+11.0%
Enterprise value$242.64B+16.7%
P/E20×-0.3×
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
Debt / equity1.7×-0.1×

Where this comes from

Reported directly by American Express in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired.

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

Filed
Jul 24, 2026, 12:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000004962-26-000322
Six Months Ended June 30 (Millions)20262025
Purchase of investments(3,855)(769)
Net increase in Card balances and Other loans, including Card balances held for sale(5,983)(4,483)
Purchase of premises and equipment, net of sales: 2026, $1; 2025, nil (b)(2,047)(1,049)
Acquisitions, net of cash acquired(524)(633)
Net cash used in investing activities(11,849)(6,346)
Cash Flows from Financing Activities
Net increase in customer deposits4,4049,943
Net increase in short-term borrowings48121

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is American Express's payments to acquire businesses, net of cash acquired?
American Express (AXP) reported payments to acquire businesses, net of cash acquired of $26M in Q2 2026.
How has American Express's payments to acquire businesses, net of cash acquired changed year-over-year?
American Express's payments to acquire businesses, net of cash acquired decreased by 95.9% year-over-year, from $633M to $26M.

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