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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Net margin	59.9%-0.2pp	60.1%-0.4pp	60.4%-0.4pp	60.8%-0.8pp	61.5%+0.8pp
Returns
Return on equity	135.2%+0.1pp	135%-0.7pp	135.8%-0.8pp	136.5%-2.2pp	138.7%+1.4pp
Return on assets	14.9%+0.1pp	14.8%0.0pp	14.8%-0.1pp	14.9%-0.2pp	15.1%+0.2pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Leverage
Debt-to-equity	7.2×+0.1×	7.1×0.0×	7.1×0.0×	7.1×0.0×	7.1×-0.1×
Debt-to-assets	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×0.0×
Per Share
Book value per share	$190.65+2.8%	$185.54+3.1%	$179.90+2.8%	$175.02+3.0%	$169.99+2.8%
Valuation
Market capitalization	$909.47B+2.1%	$890.67B+5.4%	$844.9B+4.8%	$806.55B+6.5%	$757.06B+3.4%
Enterprise value	$933.54B+2.8%	$908.34B+5.3%	$862.85B+4.3%	$827.06B+6.6%	$776.08B+3.8%
Price / earnings	85.2×+0.1×	85.1×+2.9×	82.2×+2.4×	79.8×+4.4×	75.4×+0.1×
Price / sales	12.8×0.0×	12.8×+0.4×	12.4×+0.3×	12.1×+0.5×	11.6×+0.2×
Price / book	27.5×+0.1×	27.5×+0.7×	26.8×+0.6×	26.1×+1.0×	25.1×+0.3×
EV / sales	13.1×+0.1×	13×+0.3×	12.7×+0.3×	12.4×+0.5×	11.9×+0.2×
Earnings yield	18.9%0.0pp	19%-0.6pp	19.5%-0.6pp	20.1%-1.2pp	21.3%0.0pp
Dividend yield	4%0.0pp	3.9%-0.1pp	4%-0.1pp	4%-0.1pp	4.2%0.0pp
PEG ratio	15.5×+0.7×	14.8×+2.4×	12.4×+2.5×	9.9×+6.2×	3.6×+0.5×

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Questions, answered.

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.