Where do American Express's ratios come from?

Every ratio is computed from American Express's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

American Express AXP Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Net margin	15.1%-0.2pp	15%-0.4pp	15%-0.4pp	14.8%-0.8pp	15.3%+0.8pp
Returns
Return on equity	34.4%+0.1pp	34%-0.7pp	33.9%-0.8pp	32.8%-2.2pp	34.3%+1.4pp
Efficiency
Asset turnover	0.3×0.0×	0.3×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	1.8×+0.1×	1.8×0.0×	1.8×0.0×	1.8×0.0×	1.7×-0.1×
Per Share
Book value per share	$49.56+11.5%	$48.09+13.3%	$46.78+11.6%	$46.22+12.2%	$44.45+11.6%
Valuation
Market capitalization	$207.44B+10.0%	$254.84B+21.9%	$231.14B+19.9%	$216.05B+29.7%	$188.63B+15.1%
Price / earnings	18.5×+0.1×	23.5×+2.9×	21.9×+2.4×	21.3×+4.4×	18.4×+0.1×
Price / sales	2.8×0.0×	3.5×+0.4×	3.3×+0.3×	3.1×+0.5×	2.8×+0.2×
Price / book	6.1×+0.1×	7.6×+0.7×	7.1×+0.6×	6.7×+1.0×	6×+0.3×
Dividend yield	1.1%0.0pp	0.9%-0.1pp	1%-0.1pp	1%-0.1pp	1.1%0.0pp

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Where do American Express's ratios come from?: Every ratio is computed from American Express's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.