American Express Company

AXPNYSE

$318.94

Last price · USD

Market cap: $222.0B
P/E: 20.7x
EV / EBITDA: 14.9x
P/S: 2.8x
FCF yield: 7.2%
Div. yield: 1.02%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

American Express Company balance sheet

Annual · USD millions except per-share data · 38 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	47,708	40,552	46,530	33,537	21,522	+22.0%
Short-term investments	826	1,192	2,120	4,855	2,975	-27.4%
Cash & short-term investments	48,534	41,744	48,650	38,392	24,497	+18.6%
Net receivables	0	0	0	0	2,700	—
Other receivables	0	0	0	0	2,700	—
Total current assets	48,534	41,744	48,650	38,392	27,197	+15.6%
Non-current assets
Property, plant & equipment (net)	7,116	6,175	5,908	5,215	4,988	+9.3%
Goodwill	4,873	4,187	3,851	3,786	3,804	+6.4%
Intangible assets	90	123	98	146	201	-18.2%
Goodwill & intangible assets	4,963	4,310	3,949	3,932	4,005	+5.5%
Long-term investments	221,053	209,362	193,558	171,034	145,197	+11.1%
Other non-current assets	18,386	10,109	9,043	9,781	7,161	+26.6%
Total non-current assets	251,518	229,956	212,458	189,962	161,351	+11.7%
Total assets	300,052	271,461	261,108	228,354	188,548	+12.3%
Current liabilities
Accounts payable	14,700	13,884	13,109	12,133	10,574	+8.6%
Total payables	14,700	13,884	13,109	12,133	10,574	+8.6%
Short-term debt	1,371	1,374	1,293	1,348	2,243	-11.6%
Tax payables	0	1,386	1,275	1,651	1,576	—
Other current liabilities	152,488	139,413	129,144	110,239	84,382	+15.9%
Total current liabilities	170,806	156,792	145,607	125,846	99,008	+14.6%
Non-current liabilities
Long-term debt	56,388	49,715	47,866	42,570	38,661	+9.9%
Capital lease obligations (non-current)	0	0	0	3	14	—
Deferred revenue (non-current)	4,655	4,042	3,442	3,027	2,516	+16.6%
Other non-current liabilities	34,729	30,648	36,136	32,197	26,172	+7.3%
Total non-current liabilities	95,772	84,405	87,444	77,797	67,363	+9.2%
Capital lease obligations	0	0	0	3	14	—
Total debt	57,759	51,089	49,159	43,921	40,918	+9.0%
Total liabilities	266,578	241,197	233,051	203,643	166,371	+12.5%
Stockholders' equity
Common stock	138	141	145	149	153	-2.5%
Retained earnings	25,487	22,148	19,612	16,279	13,474	+17.3%
Additional paid-in capital	11,126	11,370	11,372	11,493	11,495	-0.8%
Accumulated other comprehensive income (loss)	(3,277)	(3,395)	(3,072)	(3,210)	(2,945)	—
Total stockholders' equity	33,474	30,264	28,057	24,711	22,177	+10.8%
Total equity	33,474	30,264	28,057	24,711	22,177	+10.8%
Total liabilities & equity	300,052	271,461	261,108	228,354	188,548	+12.3%
Additional fields
Accrued Expenses	2,247	2,121	2,061	2,126	1,809	+5.6%
Net Debt	10,051	10,537	2,629	10,384	19,396	-15.2%
Total Investments	221,879	210,315	195,678	175,889	148,172	+10.6%

American Express Company

AXPNYSE

$318.94

Last price · USD

Market cap: $222.0B
P/E: 20.7x
EV / EBITDA: 14.9x
P/S: 2.8x
FCF yield: 7.2%
Div. yield: 1.02%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

American Express Company balance sheet

Annual · USD millions except per-share data · 38 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	47,708	40,552	46,530	33,537	21,522	+22.0%
Short-term investments	826	1,192	2,120	4,855	2,975	-27.4%
Cash & short-term investments	48,534	41,744	48,650	38,392	24,497	+18.6%
Net receivables	0	0	0	0	2,700	—
Other receivables	0	0	0	0	2,700	—
Total current assets	48,534	41,744	48,650	38,392	27,197	+15.6%
Non-current assets
Property, plant & equipment (net)	7,116	6,175	5,908	5,215	4,988	+9.3%
Goodwill	4,873	4,187	3,851	3,786	3,804	+6.4%
Intangible assets	90	123	98	146	201	-18.2%
Goodwill & intangible assets	4,963	4,310	3,949	3,932	4,005	+5.5%
Long-term investments	221,053	209,362	193,558	171,034	145,197	+11.1%
Other non-current assets	18,386	10,109	9,043	9,781	7,161	+26.6%
Total non-current assets	251,518	229,956	212,458	189,962	161,351	+11.7%
Total assets	300,052	271,461	261,108	228,354	188,548	+12.3%
Current liabilities
Accounts payable	14,700	13,884	13,109	12,133	10,574	+8.6%
Total payables	14,700	13,884	13,109	12,133	10,574	+8.6%
Short-term debt	1,371	1,374	1,293	1,348	2,243	-11.6%
Tax payables	0	1,386	1,275	1,651	1,576	—
Other current liabilities	152,488	139,413	129,144	110,239	84,382	+15.9%
Total current liabilities	170,806	156,792	145,607	125,846	99,008	+14.6%
Non-current liabilities
Long-term debt	56,388	49,715	47,866	42,570	38,661	+9.9%
Capital lease obligations (non-current)	0	0	0	3	14	—
Deferred revenue (non-current)	4,655	4,042	3,442	3,027	2,516	+16.6%
Other non-current liabilities	34,729	30,648	36,136	32,197	26,172	+7.3%
Total non-current liabilities	95,772	84,405	87,444	77,797	67,363	+9.2%
Capital lease obligations	0	0	0	3	14	—
Total debt	57,759	51,089	49,159	43,921	40,918	+9.0%
Total liabilities	266,578	241,197	233,051	203,643	166,371	+12.5%
Stockholders' equity
Common stock	138	141	145	149	153	-2.5%
Retained earnings	25,487	22,148	19,612	16,279	13,474	+17.3%
Additional paid-in capital	11,126	11,370	11,372	11,493	11,495	-0.8%
Accumulated other comprehensive income (loss)	(3,277)	(3,395)	(3,072)	(3,210)	(2,945)	—
Total stockholders' equity	33,474	30,264	28,057	24,711	22,177	+10.8%
Total equity	33,474	30,264	28,057	24,711	22,177	+10.8%
Total liabilities & equity	300,052	271,461	261,108	228,354	188,548	+12.3%
Additional fields
Accrued Expenses	2,247	2,121	2,061	2,126	1,809	+5.6%
Net Debt	10,051	10,537	2,629	10,384	19,396	-15.2%
Total Investments	221,879	210,315	195,678	175,889	148,172	+10.6%