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
Free cash flow margin	19.3%—	22.2%—	26.9%—	——	——
Returns
Return on equity	34.4%+0.1pp	34%-0.7pp	33.9%-0.8pp	32.8%-2.2pp	34.3%+1.4pp
Return on assets	3.8%+0.1pp	3.8%0.0pp	3.7%-0.1pp	3.6%-0.2pp	3.7%+0.2pp
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×
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+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%
Enterprise value	$214.12B+13.3%	$265.94B+20.6%	$235.67B+17.9%	$217.81B+30.6%	$188.92B+17.9%
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×
EV / sales	2.9×+0.1×	3.7×+0.3×	3.3×+0.3×	3.2×+0.5×	2.8×+0.2×
Free cash flow yield	6.9%—	6.3%—	8.2%—	——	——
Earnings yield	5.4%0.0pp	4.3%-0.6pp	4.6%-0.6pp	4.7%-1.2pp	5.4%0.0pp
Dividend yield	1.1%0.0pp	0.9%-0.1pp	1%-0.1pp	1%-0.1pp	1.1%0.0pp
PEG ratio	2×+0.7×	3.4×+2.4×	3.3×+2.5×	6.8×+6.2×	1.3×+0.5×

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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.