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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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $72.2B | - | $10.8B | $16.0B | 32.4% | 9.5% | 7.0% |
| 2024 | $65.9B | - | $10.1B | $12.1B | 33.5% | 9.0% | 21.0% |
| 2023 | $60.5B | - | $8.4B | $17.0B | 29.8% | 14.5% | 11.4% |
| 2022 | $52.9B | - | $7.5B | $19.2B | 30.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 52,862 | 60,515 | 65,949 | 72,230 |
| Operating Revenue | - | 52,862 | 60,515 | 65,949 | 72,230 |
| Selling General And Administration | - | 12,710 | 13,280 | 14,238 | 15,268 |
| Interest Income | - | 12,658 | 19,983 | 23,795 | 25,598 |
| Interest Expense | - | 2,763 | 6,849 | 8,252 | 8,234 |
| Net Interest Income | - | 9,895 | 13,134 | 15,543 | 17,364 |
| Pretax Income | - | 9,585 | 10,513 | 12,895 | 13,795 |
| Tax Provision | - | 2,071 | 2,139 | 2,766 | 2,962 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -30.67 | -36.34 | 87.52 | -20.61 |
| Net Income Continuous Operations | - | 7,514 | 8,374 | 10,129 | 10,833 |
| Net Income From Continuing And Discontinued Operation | - | 7,514 | 8,374 | 10,129 | 10,833 |
| Net Income From Continuing Operation Net Minority Interest | - | 7,514 | 8,374 | 10,129 | 10,833 |
| Net Income | - | 7,514 | 8,374 | 10,129 | 10,833 |
| Net Income Common Stockholders | - | 7,400 | 8,252 | 9,995 | 10,701 |
| Net Income Including Noncontrolling Interests | - | 7,514 | 8,374 | 10,129 | 10,833 |
| Normalized Income | - | 7,625.33 | 8,516.66 | 9,808.52 | 10,908.39 |
| Diluted NI Availto Com Stockholders | - | 7,400 | 8,252 | 9,995 | 10,701 |
| Basic Average Shares | - | 751 | 735 | 712 | 695 |
| Diluted Average Shares | - | 752 | 736 | 713 | 696 |
| Reconciled Depreciation | - | 1,626 | 1,651 | 1,676 | 1,777 |
| Total Unusual Items | - | -142 | -179 | 408 | -96 |
| Total Unusual Items Excluding Goodwill | - | -142 | -179 | 408 | -96 |
| Preferred Stock Dividends | - | 57 | 58 | 58 | 58 |
| Special Income Charges | - | -142 | -179 | 408 | -96 |
| Gain On Sale Of Business | - | 0 | 0 | 531 | 0 |
| Restructuring And Mergern Acquisition | - | 142 | 179 | 123 | 96 |
| Gain On Sale Of Security | 767 | -302 | -152 | - | - |
| General And Administrative Expense | - | 7,252 | 8,067 | 8,198 | 9,016 |
| Salaries And Wages | - | 7,252 | 8,067 | 8,198 | 9,016 |
| Selling And Marketing Expense | - | 5,458 | 5,213 | 6,040 | 6,252 |
| Otherunder Preferred Stock Dividend | - | 57 | 64 | 76 | 74 |
| Occupancy And Equipment | 2,431 | - | - | - | 2,986 |
| Professional Expense And Contract Services Expense | - | 2,074 | 2,029 | 2,274 | 2,424 |
| Other Non Interest Expense | - | 23,563 | 26,786 | 31,765 | 32,404 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| American Express Companythis co. | AXP | $213.2B | 19.68↓ discount | 6.37 | 32.4% | - |
| Wells Fargo & Company | WFC | $249.8B | 11.71 | 1.52 | 13.0% | - |
| Citigroup Inc. | C | $230.5B | 17.70 | 1.09 | 6.1% | - |
| BlackRock, Inc. | BLK | $166.5B | 29.99 | 2.98 | 9.9% | 18.17 |
| The Charles Schwab Corporation | SCHW | $153.0B |
| - |
| - |
| - |
| - |
| - |
| - |
| 17.29 |
| 3.59 |
| 20.7% |
| - |
| Interactive Brokers Group, Inc. | IBKR | $147.7B | 150.07 | 27.54 | 18.3% | 15.71 |
| Blackstone Inc. | BX | $144.9B | 47.99 | 16.72 | 34.8% | - |
| S&P Global Inc. | SPGI | $124.4B | 27.81 | 4.00 | 14.4% | 17.70 |
| Chubb Limited | CB | $122.0B | 11.83 | 1.65 | 14.0% | - |
| Peer Median | - | 22.76 | 3.28 | 14.2% | 17.70 | |