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%+0.1pp	15%0.0pp	15%+0.2pp	14.8%-0.5pp	15.3%0.0pp
Free cash flow margin	19.3%-2.8pp	22.2%-4.7pp	26.9%—	——	——
Returns
Return on equity	34.4%+0.4pp	34%+0.1pp	33.9%+1.1pp	32.8%-1.5pp	34.3%-0.5pp
Return on assets	3.8%0.0pp	3.8%+0.1pp	3.7%+0.1pp	3.6%-0.2pp	3.7%-0.1pp
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	1.8×0.0×	1.8×-0.1×	1.8×0.0×	1.8×+0.2×	1.7×0.0×
Debt-to-assets	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Per Share
Book value per share	$49.56+3.0%	$48.09+2.8%	$46.78+1.2%	$46.22+4.0%	$44.45+4.7%
Valuation
Market capitalization	$207.44B-18.6%	$254.84B+10.3%	$231.14B+7.0%	$216.05B+14.5%	$188.63B-9.8%
Enterprise value	$214.12B-19.5%	$265.94B+12.8%	$235.67B+8.2%	$217.81B+15.3%	$188.92B-14.3%
Price / earnings	18.5×-5.0×	23.5×+1.6×	21.9×+0.6×	21.3×+2.9×	18.4×-2.3×
Price / sales	2.8×-0.7×	3.5×+0.2×	3.3×+0.1×	3.1×+0.3×	2.8×-0.4×
Price / book	6.1×-1.5×	7.6×+0.5×	7.1×+0.4×	6.7×+0.6×	6×-0.9×
EV / sales	2.9×-0.8×	3.7×+0.3×	3.3×+0.2×	3.2×+0.4×	2.8×-0.5×
Free cash flow yield	6.9%+0.6pp	6.3%-1.9pp	8.2%—	——	——
Earnings yield	5.4%+1.2pp	4.3%-0.3pp	4.6%-0.1pp	4.7%-0.8pp	5.4%+0.6pp
Dividend yield	1.1%+0.2pp	0.9%-0.1pp	1%0.0pp	1%-0.1pp	1.1%+0.1pp
PEG ratio	2×-1.4×	3.4×0.0×	3.3×-3.4×	6.8×+5.5×	1.3×+0.3×

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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.