American Express Co (AXP)
Financials · Consumer Finance · US stock · S&P 500 component
$325.17
▲ +1.56 (0.48%)
Fair valueFair
$332 +2.0% to fair value
$166fair band $282–$402$497
Day's range
$322.47 – $326.26
52-week range
$290.97 – $387.49
About American Express Co
American Express operates a global payments network and issues charge and credit cards to consumers, small businesses and large corporations. It earns money from discount fees charged to merchants, annual card fees, interest on balances that customers carry, and fees tied to its travel and rewards services. Because it both issues cards and runs the network, it keeps a close relationship with its card members and also bears credit risk.
The company reported trailing revenue of $43.1 billion and three-year growth of 6.5% a year. Profitability figures show an operating margin of 34.3% and a return on invested capital of 24%. The dividend yield is 1.1%. Its X-Ray Score is 55 out of 100. These figures describe past results and the present financial position only.
Price chart
52-wk range $290.97 – $387.49Volume 3,385,423Daily, split-adjusted
Vitals
Market cap$220.8B
52-week range$290.97 – $387.49
Volume (last day)3,385,423
P/E (TTM)19.6
EBIT / EV yield6.3%
Free-cash-flow yield6.8%
Dividend yield1.1%
Revenue (TTM)$43.1B
Net income (TTM)$11.4B
Operating margin34.3%
Return on capital24.0%
Debt incl. leases$59.0B
Cash & securities$45.6B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$332middle half of models $301 – $359
Fair
+2.0% to fair value
Average of the 5 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $325
Undervalued < $282Fair $282 – $402Overvalued > $402
P/E multiple
$321
P/B multiple
$301
P/S multiple
$359
Dividend discount, stable
$223
Dividend discount, multi-stage
$455
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Average business, fairly priced
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
46/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield6.3%
Free-cash-flow yield6.8%
Fair value vs price1.0×
Growth
Weak
49/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)6.5%
EPS growth (3y)16.0%
Growth consistency100%
Profitability
Fair
68/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital24.0%
Operating margin34.3%
Financial health
Fair
53/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Net debt / EBITDA0.8×
Interest coverNo interest cost
Dividends
Fair
62/100
Dividend is typical for its sector.
See the numbers →
Dividend yield1.1%
Dividends vs free cash flow17%
Dividend growth13.2%
Quarterly results: last 6 quarters
+3.1%
Mar '25
+5.1%
Jun '25
+7.2%
Sep '25
+9.9%
Dec '25
+9.3%
Mar '26
+8.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $11.2B, diluted EPS $4.53.
Compare with peers
COF Capital One Financial...63 SYF Synchrony Financial61Other Consumer Finance companies by X-Ray Score.
SWOT analysis: American Express Co
Strengthsinside the company
- Return on invested capital is 24.0%, against a median of 13.4% for sector peers.
- Earnings per share have compounded at 16.0% a year over three years.
- Free cash flow equals 6.8% of the market value, which funds dividends, buybacks or debt paydown.
- Operating profit covers interest 50x, so debt costs are a small drag.
Weaknessesinside the company
- No clear weakness in the figures we track.
Opportunitiesvaluation and setting
- Dividends use only 17% of free cash flow, which leaves room to raise them.
- Our Market Compass rates the backdrop for Financials as favourable.
Threatsvaluation and setting
- Trades at 19.3x earnings, 41% above the 13.7x median of sector peers, so the price already assumes better results.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare AXP with peers and sector
Medians of 70 Financials peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): JPM 49, MA 57, BAC 48, MS 34, GS 49, WFC 38.
| Metric | AXP | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 55 | 50 | 50 |
| Valuation | 46 | 52 | 52 |
| Growth | 49 | 54 | 54 |
| Profitability | 67 | 48 | 48 |
| Financial health | 53 | 50 | 50 |
| Dividends | 62 | 54 | 54 |
Sector leaders: highest X-Ray Score in Financials
AXP ranks #24 of 71 in Financials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for AXP
Each factor is rated by where AXP stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 2 Good · 4 Average · 2 Bad of 8
Growth: 0 · 3 · 0
Profitability: 2 · 0 · 0
Valuation: 0 · 1 · 2
| Factor | AXP | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +6.5% | Average beats 42% | +8.3% | – | – |
| Revenue growth, last year | +6.4% | Average beats 43% | +6.9% | +8.8% | ▼ Worse |
| EPS growth, 3 years a year | +16.0% | Average beats 64% | +12.7% | – | – |
| Profitability | |||||
| Net margin | 26.6% | Good beats 67% | 21.8% | 26.1% | ≈ In line |
| Return on equity | 33.4% | Good beats 88% | 15.7% | 32.4% | ≈ In line |
| Valuation | |||||
| P/E ratio | 19.3x | Average beats 36% | 13.8x | 16.5x | ▼ Worse |
| Price / book | 6.4x | Bad beats 11% | 2.2x | 5.8x | ▼ Worse |
| Price / sales | 5.1x | Bad beats 30% | 3.1x | 4.7x | ≈ In line |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings), and banks and insurers are rated only on the factors that apply to them. A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 4 Good · ● 8 Average · ● 1 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldAverage
Risk models
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Net debt / EBITDAAverage
Interest coverGood
Valuation
Fair value vs priceAverage
EBIT / EV yieldAverage
Profitability
Return on invested capitalGood
Operating marginAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 58/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $27.7B | $34.2B | $37.2B | $38.8B | $41.3B |
| Operating income | $12.0B | $12.3B | $17.4B | $12.9B | $13.8B |
| Net income | $8.1B | $7.5B | $8.4B | $10.1B | $10.8B |
| Operating cash flow | $14.6B | $21.1B | $18.6B | $14.1B | $18.4B |
| Operating margin | 43.2% | 36.1% | 46.6% | 33.2% | 33.4% |
| Free cash flow | $13.1B | $19.2B | $17.0B | $12.1B | $16.0B |
| Diluted EPS | $10.02 | $9.85 | $11.21 | $14.01 | $15.38 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Bullish
7 bullish · 1 neutral · 4 bearish
Monthly
Strongly bullish
6 bullish · 1 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 314.7 | Bullish |
| EMA 10 | 316.2 | Bullish |
| SMA 20 | 309.4 | Bullish |
| EMA 20 | 313.7 | Bullish |
| SMA 50 | 319.0 | Bullish |
| EMA 50 | 317.8 | Bullish |
| SMA 100 | 328.0 | Bearish |
| EMA 100 | 322.4 | Bullish |
| SMA 200 | 325.8 | Bearish |
| EMA 200 | 324.0 | Bullish |
Oscillators (daily)
| RSI (14) | 65.80 | Neutral |
| MACD (12, 26) | 1.17 | Bullish |
| Momentum (12) | 7.10 | Bullish |
| Stochastic %K (14) | 96.08 | Bearish |
| Williams %R (14) | -3.92 | Bearish |
| CCI (20) | 179.8 | Bearish |
Pivot points (classic, last session)
S3 319.2 | S2 320.8 | S1 323.0 | Pivot 324.6 | R1 326.8 | R2 328.4 | R3 330.6 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
3.67 USD
Yield on today's price
1.13%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.9500 | |
| 0.9500 | |
| 0.9500 | |
| 0.8200 | |
| 0.8200 | |
| 0.8200 | |
| 0.8200 | |
| 0.7000 | |
| 0.7000 | |
| 0.7000 | |
| 0.7000 | |
| 0.6000 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold AXP
| ETF | Share of the fund |
|---|---|
| OMAH VistaShares Target 15 Berkshire Select... | 5.66% |
| DIVO Amplify CWP Enhanced Dividend Income | 4.52% |
| DDM ProShares Ultra Dow30 | 2.74% |
| GRNY Fundstrat Granny Shots US Large Cap | 2.48% |
| XLF Financial Select Sector SPDR | 2.37% |
| IYJ iShares U.S. Industrials | 2.14% |
| UDOW ProShares UltraPro Dow30 | 2.10% |
| VFH Vanguard Financials | 2.10% |
The eight funds with the largest weight in AXP among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
AXP stock splits
AXP has split its stock once since 2000. The latest was a 3-for-1 split on 11 May 2000.
Full AXP stock split history →AXP SEC filings
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Regulation FD disclosure
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Other events
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations; Regulation FD disclosure
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.