Global financial services corporation providing payment card products and travel-related services worldwide.
Profile & Fundamentals
American Express: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
American Express Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
American Express Company, together with its subsidiaries, operates as an integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. The company offers credit and charge cards and complementary products and services, including travel, dining, and lifestyle and expense management products and services; and banking and other payment and financing products and services, including deposits and non-card lending. It also provides merchant acquisition and processing, servicing and settlement, fraud prevention, and point-of-sale marketing and information products and services, as well as network services. The company offers its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, affiliate marketing, customer referral programs, third-party service providers and business partners, in-house sales teams, direct mail, telephone, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.
Company profile record
American Express Company
Common Stock · Financials · Consumer Finance
Company
- Company / asset
- American Express Company
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Consumer Finance
- HQ
- 🇺🇸 United States
- Head office
- 200 Vesey Street, New York, NY, United States, 10285
Leadership & scale
- Chief executive
- Mr. Stephen Joseph Squeri
- CEO year born
- 1960
- Full-time employees
- 76.8K
- Fiscal year end
- December
- IPO date
- 1972-06-01
Fundamentals snapshot
- Market Cap
- USD 206.5B
- P/E
- 18.0x
- Revenue (Q2 26)
- USD 21.6B
- Profit (Q2 26)
- USD 3.1B
- Dividend Yield
- 0.8%
- Revenue (FY 25)
- USD 80.5B
- Shares in public float
- 522.2M
- Insider ownership
- 22.56%
Reporting & identifiers
- Symbol
- AXP.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US0258161092
- Asset ID
- equity_27870ecf-e086-54d7-8222-d855946db377
Ownership
Shares Outstanding
Latest: 678.0M | Max: 865.0M | Min: 678.0M
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
77.02%
522.2M latest reported shares
Insider Ownership
22.56%
Latest reported insider stake
Short Float
0.02%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 865,000,000 |
| 2018-01-01 | 852,000,000 |
| 2019-01-01 | 816,000,000 |
| 2020-01-01 | 806,000,000 |
| 2021-01-01 | 769,000,000 |
| 2022-01-01 | 746,000,000 |
| 2023-01-01 | 726,000,000 |
| 2024-01-01 | 704,000,000 |
| 2025-01-01 | 688,000,000 |
| 2026-01-01 | 678,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| Berkshire Hathaway Inc | 151,610,700 | 22.45% | 2026-06-30 |
| BlackRock Inc | 41,910,309 | 6.21% | 2026-03-31 |
| Vanguard Capital Management, LLC | 33,010,215 | 4.89% | 2026-03-31 |
| State Street Corp | 29,227,721 | 4.33% | 2026-03-31 |
| JPMorgan Chase & Co | 20,408,323 | 3.02% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 17,348,734 | 2.57% | 2026-08-31 |
| Geode Capital Management, LLC | 14,166,474 | 2.1% | 2026-03-31 |
| Vanguard 500 Index Investor | 14,139,513 | 2.09% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 12,808,752 | 1.9% | 2026-03-31 |
| Fisher Asset Management, LLC | 9,426,671 | 1.4% | 2026-06-30 |
| FMR Inc | 9,264,998 | 1.37% | 2026-03-31 |
| NORGES BANK | 7,985,867 | 1.18% | 2026-06-30 |
| Vanguard Portfolio Management, LLC | 7,952,555 | 1.18% | 2026-03-31 |
| Bank of America Corp | 7,354,574 | 1.09% | 2026-03-31 |
| iShares Core S&P 500 ETF | 7,087,009 | 1.05% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
American Express continues to deliver solid top-line revenue and earnings growth, driven by affluent consumer spending and rising card fees. Trailing twelve-month revenue reached approximately $84.1 billion, while net income climbed to $11.45 billion. Unlike traditional lenders that rely heavily on borrower interest, American Express generates substantial income from merchant discount fees and annual card dues, which provide dependable cash flow during economic swings. However, reported earnings strength partly reflects accounting timing. Mid-2026 results were bolstered by credit reserve releases even as underlying small-business loan write-offs ticked higher. Investors should recognize that while core fee revenues are expanding healthily, ongoing earnings growth will depend on disciplined credit underwriting rather than continued reserve adjustments.
American Express continues to deliver solid top-line revenue and earnings growth, driven by affluent consumer spending and rising card fees. Trailing twelve-month revenue reached approximately $84.1 billion, while net income climbed to $11.45 billion. Unlike traditional lenders that rely heavily on borrower interest, American Express generates substantial income from merchant discount fees and annual card dues, which provide dependable cash flow during economic swings. However, reported earnings strength partly reflects accounting timing. Mid-2026 results were bolstered by credit reserve releases even as underlying small-business loan write-offs ticked higher. Investors should recognize that while core fee revenues are expanding healthily, ongoing earnings growth will depend on disciplined credit underwriting rather than continued reserve adjustments.
Revenue, Net Income, and Free Cash Flow
Latest: USD 80.5B | Max: USD 80.5B | Min: USD 2.7B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 23x
Profitability & Margins
Margins and Operating Efficiency
AI Review
The company generates exceptional profitability, reflected in gross margins near 83% and a return on equity exceeding 32%. Operating margins remain healthy around 17%, driven by proprietary merchant discount rates averaging 2.5% and rapid double-digit compounding in annual card fees. This premium closed loop captures far more value than commoditized payment networks that share fees with issuing banks. Even so, profit margins face a tug-of-war between fee pricing power and cardholder perk inflation. Variable customer engagement expenses consume over 40% of revenue to keep affluent members loyal. While strong fee renewals defend current profitability, further margin expansion requires keeping reward costs disciplined while expanding international merchant acceptance.
The company generates exceptional profitability, reflected in gross margins near 83% and a return on equity exceeding 32%. Operating margins remain healthy around 17%, driven by proprietary merchant discount rates averaging 2.5% and rapid double-digit compounding in annual card fees. This premium closed loop captures far more value than commoditized payment networks that share fees with issuing banks. Even so, profit margins face a tug-of-war between fee pricing power and cardholder perk inflation. Variable customer engagement expenses consume over 40% of revenue to keep affluent members loyal. While strong fee renewals defend current profitability, further margin expansion requires keeping reward costs disciplined while expanding international merchant acceptance.
Profitability Margins
Latest: 83.2% | Max: >100.0% | Min: 7.0%
Latest Profitability Ratios as of 2025-12-31
Gross Margin
83.2%
Gross profit / revenue
Operating Margin
17.1%
Operating income / revenue
Net Margin
13.5%
Net income / revenue
FCF Margin
19.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-12-31 | 38,361,000,000 | 5,375,000,000 | 6,849,000,000 |
| 2017-12-31 | 38,990,000,000 | 2,748,000,000 | 12,478,000,000 |
| 2018-12-31 | 43,258,000,000 | 6,921,000,000 | 7,620,000,000 |
| 2019-12-31 | 47,097,000,000 | 6,759,000,000 | 11,987,000,000 |
| 2020-12-31 | 38,337,000,000 | 3,135,000,000 | 4,113,000,000 |
| 2021-12-31 | 44,430,000,000 | 8,060,000,000 | 13,095,000,000 |
| 2022-12-31 | 55,625,000,000 | 7,514,000,000 | 19,224,000,000 |
| 2023-12-31 | 67,364,000,000 | 8,374,000,000 | 16,996,000,000 |
| 2024-12-31 | 74,201,000,000 | 10,129,000,000 | 12,139,000,000 |
| 2025-12-31 | 80,464,000,000 | 10,833,000,000 | 16,003,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-12-31 | 23.5 | Trailing four quarters |
| 2024-12-31 | 20.63 | Trailing four quarters |
| 2023-12-31 | 16.24 | Trailing four quarters |
| 2022-12-31 | 14.67 | Annual net income |
| 2021-12-31 | 15.61 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-12-31 | 86.62 | 20.96 | 14.01 | 17.85 |
| 2017-12-31 | 87.5 | 19.04 | 7.05 | 32 |
| 2018-12-31 | 85.45 | 18.78 | 16 | 17.62 |
| 2019-12-31 | 85.06 | 17.9 | 14.35 | 25.45 |
| 2020-12-31 | 82.19 | 11.21 | 8.18 | 10.73 |
| 2021-12-31 | 100.31 | 24.06 | 18.14 | 29.47 |
| 2022-12-31 | 91.11 | 17.23 | 13.51 | 34.56 |
| 2023-12-31 | 82.52 | 15.61 | 12.43 | 25.23 |
| 2024-12-31 | 81.89 | 17.38 | 13.65 | 16.36 |
| 2025-12-31 | 83.23 | 17.14 | 13.46 | 19.89 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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