American Express Company drawdown: 15.6% below the all-time high
American Express Company is 15.6% below its all-time high, set Dec 11, 2025 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.
- Below all-time high
- −15.6%
- 84.4% of ATH
- All-time high
- $384.89
- Dec 11, 2025
- Time below the high
- 9 mo
- since Dec 11, 2025
- Worst-ever drawdown
- −84.3%
- Mar 6, 2009
- Longest underwater
- 9.8 yrs
- between all-time highs
- Today's level first reached
- Jan 23, 2025
- 1.6 yrs ago
- Last time this deep
- May 1, 2025
- in a previous episode
% of all-time high since 1972#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Jul 19, 2007 | Mar 6, 2009 | −84.3% | 1.6 yrs | Mar 15, 2013 | 5.7 yrs |
| Jan 19, 1973 | Oct 3, 1974 | −74.7% | 1.7 yrs | Nov 11, 1982 | 9.8 yrs |
| Oct 2, 2000 | Sep 21, 2001 | −59.3% | 12 mo | Sep 26, 2006 | 6.0 yrs |
| Mar 6, 1987 | Oct 17, 1990 | −56.5% | 3.6 yrs | May 11, 1995 | 8.2 yrs |
| Feb 19, 2020 | Mar 23, 2020 | −49.6% | 33 days | Feb 23, 2021 | 12 mo |
| Jun 17, 1983 | Jul 24, 1984 | −48.3% | 13 mo | Dec 4, 1985 | 2.5 yrs |
| Jul 3, 2014 | Feb 11, 2016 | −46.7% | 1.6 yrs | Nov 2, 2017 | 3.3 yrs |
| Jul 14, 1998 | Sep 10, 1998 | −41.0% | 58 days | Mar 5, 1999 | 8 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 1972: how far American Express Company stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ#
- How far is American Express Company from its all-time high?
- American Express Company is currently 15.6% below its all-time high, set Dec 11, 2025 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest American Express Company drawdown ever?
- The deepest decline on record in our data (since 1972) took American Express Company 84.3% below its prior high, bottoming Mar 6, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily data since -1 from AXP; no free deep history exists for American Express Company — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.