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American Express AXP Price / earnings

Price / earnings at other companies

JPMorgan Chase logo
JPMorgan ChaseJPM
13.5×+2.0×
Capital One Financial logo
Capital One FinancialCOF
35.2×+21.1×
Mastercard logo
MastercardMA
28.6×-9.4×
Corpay logo
CorpayCPAY
16.8×-7.3×
Visa logo
VisaV
26.1×-7.9×
Synchrony Financial logo
Synchrony FinancialSYF
6.6×-0.4×

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/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 price / earnings?
American Express (AXP) reported price / earnings of 18.5× in Q1 2026.
How has American Express's price / earnings changed year-over-year?
American Express's price / earnings increased by 0.7% year-over-year, from 18.4× to 18.5×.
What is the long-term trend for American Express's price / earnings?
Over 4 years (2021 to 2025), American Express's price / earnings has grown at a 4.1% compound annual growth rate (CAGR), from 72.5× to 85.1×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.