financial statements

The full income statement, balance sheet, and cash-flow statement for American Express Company (AXP), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	41.3B YoY+6.4%	38.8B YoY+4.3%	37.2B YoY+8.8%	34.2B YoY+23.5%	27.7B YoY+26.1%
Noninterest income	54.9B YoY+8.8%	50.4B YoY+6.4%	47.4B YoY+10.3%	43.0B YoY+24.1%	34.6B YoY+23.2%
Selling & marketing	6.25B YoY+3.5%	6.04B YoY+15.9%	5.21B YoY-4.5%	5.46B YoY+3.2%	5.29B YoY+43.2%
Restructuring	96.0M YoY-22.0%	123M YoY-31.3%	179M	—	—
Amortization of intangibles	36.0M YoY-21.7%	46.0M YoY-6.1%	49.0M YoY-3.9%	51.0M YoY-10.5%	57.0M YoY+5.6%
Noninterest expense	53.2B YoY+11.1%	47.9B YoY+6.2%	45.1B YoY+9.7%	41.1B YoY+24.1%	33.1B YoY+22.4%
Interest expense	—	—	6.85B YoY+147.9%	2.76B YoY+115.4%	1.28B YoY-38.8%
Interest & investment income	25.6B YoY+7.6%	23.8B YoY+19.1%	20.0B YoY+57.9%	12.7B YoY+40.1%	9.03B YoY-10.4%
Net interest income	17.4B YoY+11.7%	15.5B YoY+18.3%	13.1B YoY+32.7%	9.89B YoY+27.7%	7.75B YoY-2.9%
Pre-tax income	13.8B YoY+7.0%	12.9B YoY+22.7%	10.5B YoY+9.7%	9.59B YoY-10.3%	10.7B YoY+148.8%
Income tax	2.96B YoY+7.1%	2.77B YoY+29.3%	2.14B YoY+3.3%	2.07B YoY-21.2%	2.63B YoY+126.4%
	10.8B YoY+7.0%	10.1B YoY+21.0%	8.37B YoY+11.4%	7.51B YoY-6.8%	8.06B YoY+157.1%
Preferred dividends	58.0M YoY+0.0%	58.0M YoY+0.0%	58.0M YoY+1.8%	57.0M YoY-19.7%	71.0M YoY-10.1%
Net income to common	10.8B YoY+7.0%	10.1B YoY+21.1%	8.32B YoY+11.5%	7.46B YoY-6.5%	7.97B YoY+160.9%
	$15.38 YoY+9.8%	$14.01 YoY+25.0%	$11.21 YoY+13.8%	$9.85 YoY-1.7%	$10.02 YoY+165.8%
EPS (basic)	$15.41 YoY+9.8%	$14.04 YoY+25.0%	$11.23 YoY+13.9%	$9.86 YoY-1.8%	$10.04 YoY+166.3%
Weighted-avg shares (basic)	695M YoY-2.4%	712M YoY-3.1%	735M YoY-2.1%	751M YoY-4.8%	789M YoY-2.0%
Weighted-avg shares (diluted)	696M YoY-2.4%	713M YoY-3.1%	736M YoY-2.1%	752M YoY-4.8%	790M YoY-2.0%
Dividends per share	$3.28 YoY+17.1%	$2.80 YoY+16.7%	$2.40 YoY+15.4%	$2.08 YoY+20.9%	$1.72 YoY+0.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	47.8B YoY+17.6%	40.6B YoY-12.8%	46.6B YoY+39.6%	33.4B YoY+55.2%	21.5B YoY-34.8%
Short-term investments	742M YoY+235.7%	221M YoY+33.1%	166M YoY-45.9%	307M YoY+63.3%	188M YoY+19.7%
	300B YoY+10.5%	271B YoY+4.0%	261B YoY+14.3%	228B YoY+20.8%	189B YoY-1.0%
Property, plant & equipment	6.12B YoY+13.9%	5.37B YoY+4.5%	5.14B YoY-1.5%	5.21B YoY+4.6%	4.99B YoY-0.5%
Operating lease right-of-use	998M YoY+24.1%	804M YoY+4.4%	770M	—	—
Goodwill	4.87B YoY+16.4%	4.19B YoY+8.7%	3.85B YoY+1.7%	3.79B YoY-0.5%	3.80B YoY-1.2%
Intangible assets	90.0M YoY-26.8%	123M YoY+25.5%	98.0M YoY-32.9%	146M YoY-27.4%	201M YoY-24.2%
Deferred tax assets	1.48B YoY+0.0%	1.48B YoY+0.0%	1.48B YoY+0.0%	1.48B YoY+0.0%	1.48B YoY+0.0%
Other non-current assets	1.21B YoY+0.0%	1.21B YoY+0.0%	1.21B YoY+0.0%	1.21B YoY+7.4%	1.12B YoY-2.0%
Deferred revenue	713M YoY+0.0%	713M YoY+0.0%	713M YoY+0.0%	713M YoY+0.0%	713M YoY+0.0%
Short-term & current debt	1.37B YoY-0.2%	1.37B YoY+6.3%	1.29B YoY-4.1%	1.35B YoY-39.9%	2.24B YoY+19.4%
	267B YoY+10.5%	241B YoY+3.5%	233B YoY+14.4%	204B YoY+22.4%	166B YoY-1.2%
Long-term debt	56.4B YoY+13.4%	49.7B YoY+3.9%	47.9B YoY+12.4%	42.6B YoY+10.1%	38.7B YoY-10.0%
	33.5B YoY+10.6%	30.3B YoY+7.9%	28.1B YoY+13.5%	24.7B YoY+11.4%	22.2B YoY-3.5%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	138M YoY-2.1%	141M YoY-2.8%	145M YoY-2.7%	149M YoY-2.6%	153M YoY-5.0%
Additional paid-in capital	11.1B YoY-2.1%	11.4B YoY-0.0%	11.4B YoY-1.1%	11.5B YoY-0.0%	11.5B YoY-3.2%
Retained earnings	25.5B YoY+15.1%	22.1B YoY+12.9%	19.6B YoY+20.5%	16.3B YoY+20.8%	13.5B YoY-2.6%
Accumulated other comprehensive income	-3.28B YoY+3.5%	-3.40B YoY-10.5%	-3.07B YoY+4.3%	-3.21B YoY-9.0%	-2.94B YoY-1.7%
Total liabilities & equity	300B YoY+10.5%	271B YoY+4.0%	261B YoY+14.3%	228B YoY+21.1%	189B YoY-1.5%
Common shares issued	686M YoY-2.3%	702M YoY-2.9%	723M YoY-2.7%	743M YoY-2.4%	761M YoY-5.5%
Common shares outstanding	686M YoY-2.3%	702M YoY-2.9%	723M YoY-2.7%	743M YoY-2.4%	761M YoY-5.5%
Shares outstanding (cover)	689M YoY-2.2%	704M YoY-3.3%	729M YoY-2.5%	747M YoY-3.5%	775M YoY-3.8%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	18.4B YoY+31.2%	14.1B YoY-24.3%	18.6B YoY-12.0%	21.1B YoY+43.9%	14.6B YoY+161.9%
Depreciation & amortization	1.78B YoY+6.0%	1.68B YoY+1.5%	1.65B YoY+1.5%	1.63B YoY-4.1%	1.70B YoY+9.9%
Share-based compensation	551M YoY+9.3%	504M YoY+12.0%	450M YoY+20.0%	375M YoY+13.6%	330M YoY+32.5%
Deferred income taxes	-542M YoY+45.3%	-990M YoY+25.5%	-1.33B YoY-11.8%	-1.19B YoY-504.4%	294M YoY+131.3%
	-22.9B YoY+6.2%	-24.4B YoY+0.1%	-24.4B YoY+27.5%	-33.7B YoY-220.0%	-10.5B YoY-190.5%
Capital expenditure	2.42B YoY+26.9%	1.91B YoY+22.3%	1.56B YoY-15.7%	1.85B YoY+19.7%	1.55B YoY+4.9%
Acquisitions	633M YoY+39.4%	454M YoY+609.4%	64.0M YoY+326.7%	15.0M	—
Purchases of investments	1.76B YoY+10.5%	1.59B YoY+1.3%	1.57B YoY-62.3%	4.17B YoY+175.2%	1.52B YoY-92.6%
Sales/maturities of investments	1.45B YoY-33.3%	2.18B YoY-44.0%	3.89B YoY+105.5%	1.89B YoY-90.6%	20.0B YoY+179.8%
Proceeds from sale of PP&E	1.00M YoY-83.3%	6.00M YoY+200.0%	2.00M YoY+100.0%	1.00M YoY-98.9%	88.0M YoY+8700.0%
Other investing activities	—	—	—	0.00	0.00 YoY+100.0%
	11.2B YoY+152.7%	4.44B YoY-75.9%	18.4B YoY-25.0%	24.5B YoY+264.1%	-14.9B YoY-64.7%
Long-term debt issued	24.4B YoY+93.4%	12.6B YoY-19.6%	15.7B YoY-32.5%	23.2B YoY+198.3%	7.79B YoY+11187.0%
Long-term debt repaid	18.2B YoY+68.8%	10.8B YoY+0.5%	10.7B YoY-43.4%	18.9B YoY+62.1%	11.7B YoY-25.2%
Net short-term debt	-27.0M YoY-113.0%	207M YoY+297.1%	-105M YoY+85.1%	-706M YoY-253.1%	461M YoY+110.0%
Common stock issued	57.0M YoY-43.0%	100M YoY+257.1%	28.0M YoY-50.0%	56.0M YoY-12.5%	64.0M YoY+45.5%
Common stock repurchased	5.81B YoY-3.4%	6.02B YoY+64.9%	3.65B YoY+4.2%	3.50B YoY-54.2%	7.65B YoY+643.6%
Dividends paid	2.27B YoY+13.6%	2.00B YoY+12.3%	1.78B YoY+13.7%	1.56B YoY+8.1%	1.45B YoY-1.8%
FX effect on cash	405M YoY+1112.5%	-40.0M YoY-122.6%	177M YoY+1461.5%	-13.0M YoY+89.2%	-120M YoY-133.0%
Net change in cash	7.15B YoY+220.1%	-5.96B YoY-147.0%	12.7B YoY+6.7%	11.9B YoY+208.7%	-10.9B YoY-228.4%
Interest paid	8.00B YoY-2.4%	8.20B YoY+28.1%	6.40B YoY+190.9%	2.20B YoY+100.0%	1.10B YoY-45.0%
Income taxes paid	3.19B YoY-11.3%	3.60B YoY+9.1%	3.30B YoY+10.0%	3.00B YoY+87.5%	1.60B YoY-27.3%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	255B YoY+21.9%	209B YoY+53.1%	137B YoY+23.7%	110B YoY-12.9%	127B YoY+30.2%
P/E	23.5× YoY+14.0%	20.6× YoY+19.9%	17.2× YoY+19.1%	14.5× YoY-8.0%	15.7× YoY-49.4%
P/S	6.2× YoY+14.6%	5.4× YoY+43.4%	3.8× YoY+12.9%	3.3× YoY-27.3%	4.6× YoY+3.2%
P/B	7.6× YoY+10.2%	6.9× YoY+36.8%	5.0× YoY+9.1%	4.6× YoY-19.0%	5.7× YoY+34.9%
P/FCF	15.9× YoY-7.5%	17.2× YoY+131.8%	7.4× YoY+6.2%	7.0× YoY-27.7%	9.7× YoY-59.1%
Earnings yield	4.3% YoY-12.3%	4.8% YoY-16.6%	5.8% YoY-16.0%	6.9% YoY+8.7%	6.4% YoY+97.5%
FCF yield	6.3% YoY+8.2%	5.8% YoY-56.9%	13.5% YoY-5.9%	14.3% YoY+38.4%	10.3% YoY+144.6%
Dividend yield	0.9% YoY-6.0%	0.9% YoY-26.4%	1.3% YoY-9.0%	1.4% YoY+33.9%	1.1% YoY-26.1%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: AXP's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all AXP filings on SEC EDGAR → Not investment advice.

AXP▼ financial statements

About this data

financial statements