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%-1.7pp	60.1%-0.7pp	60.4%+1.2pp	60.8%+3.3pp	61.5%+6.5pp
Returns
Return on equity	135.2%-3.5pp	135%-2.2pp	135.8%+1.5pp	136.5%+5.7pp	138.7%+13.0pp
Return on assets	14.9%-0.3pp	14.8%-0.2pp	14.8%+0.2pp	14.9%+0.7pp	15.1%+1.4pp
Efficiency
Asset turnover	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Leverage
Debt-to-equity	7.2×+0.2×	7.1×0.0×	7.1×-0.1×	7.1×0.0×	7.1×0.0×
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+12.2%	$185.54+12.2%	$179.90+11.7%	$175.02+11.9%	$169.99+12.4%
Valuation
Market capitalization	$909.47B+20.1%	$890.67B+21.6%	$844.9B+28.0%	$806.55B+39.8%	$757.06B+40.2%
Enterprise value	$933.54B+20.3%	$908.34B+21.5%	$862.85B+29.4%	$827.06B+42.3%	$776.08B+41.3%
Price / earnings	85.2×+9.8×	85.1×+9.8×	82.2×+11.3×	79.8×+14.6×	75.4×+9.8×
Price / sales	12.8×+1.2×	12.8×+1.3×	12.4×+1.9×	12.1×+2.7×	11.6×+2.6×
Price / book	27.5×+2.4×	27.5×+2.7×	26.8×+4.1×	26.1×+5.9×	25.1×+5.6×
EV / sales	13.1×+1.2×	13×+1.4×	12.7×+2.0×	12.4×+3.0×	11.9×+2.7×
Earnings yield	18.9%-2.4pp	19%-2.4pp	19.5%-3.1pp	20.1%-4.7pp	21.3%-3.3pp
Dividend yield	4%-0.2pp	3.9%-0.3pp	4%-0.6pp	4%-1.1pp	4.2%-1.1pp
PEG ratio	15.5×+11.9×	14.8×+11.7×	12.4×+8.8×	9.9×+4.2×	3.6×—

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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.