American Express (AXP): financials, SEC filings and peers
American Express (AXP) is a consumer finance company in the Financials sector of the S&P 500, headquartered in New York City, New York.
It was founded in 1850 and joined the S&P 500 on June 30, 1976.
Its fiscal year ends in December, and its shares trade on the NYSE.
In its SEC filings it is classified as “Finance Services”.
American Express at a glance
- Revenue (12 months)
- $43.1B
- Revenue growth
- +8.8%
- Operating margin
- 34.3%
- Net income (12 months)
- $11.4B
- Free cash flow (12 months)
- $15.1B
- Cash
- $45.2B
- Debt
- $59.0B
- Diluted EPS (12 months)
- $16.48
Twelve months to June 30, 2026, from the 10-Q filed July 24, 2026.
Latest twelve months
Over the twelve months to June 30, 2026, American Express reported revenue of $43.1 billion, up 8.8% from a year earlier.
Its operating margin was 34.3%, up 1.9 percentage points from a year earlier: for every $100 of sales, about $34 was left as operating profit.
Net income was $11.4 billion (26.6% of revenue), 12.8% higher than a year earlier.
Operating cash flow was $18.5 billion and capital spending $3.4 billion, leaving free cash flow of $15.1 billion (34.9% of revenue).
At the end of the period it held $45.2 billion in cash and $59.0 billion in debt, a net debt position of $13.8 billion.
The diluted share count fell 2.9% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $22.0 billion in fiscal 2020 to $41.3 billion in fiscal 2025, about 13.5% a year.
- Revenue has grown for 5 fiscal years in a row.
- Free cash flow was positive in each of the last 6 fiscal years.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $27.7B | $34.2B | $37.2B | $38.8B | $41.3B |
| Revenue growth | 26.1% | 23.5% | 8.8% | 4.3% | 6.4% |
| Operating margin | — | — | — | — | — |
| Net income | $8.1B | $7.5B | $8.4B | $10.1B | $10.8B |
| 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 as reported in American Express’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 8-K filed September 15, 2026 — Regulation FD disclosure
- 8-K filed August 17, 2026 — Regulation FD disclosure
- 8-K filed August 12, 2026 — Bylaw or fiscal-year change; Other event
- 8-K filed August 5, 2026 — Other event
- 10-Q filed July 24, 2026 — quarterly report
- 8-K filed July 24, 2026 — Earnings results; Regulation FD disclosure
- 8-K filed July 15, 2026 — Regulation FD disclosure
- 8-K filed June 25, 2026 — Regulation FD disclosure
Companies like American Express
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More from Financials
Questions about American Express
Is American Express's revenue growing?
Yes. Revenue for the twelve months to June 30, 2026 was $43.1 billion, up 8.8% from a year earlier, according to its SEC filings.
Is American Express profitable?
Yes. It earned $11.4 billion in net income over the twelve months to June 30, 2026, a net margin of 26.6%.
Does American Express have more cash or more debt?
At June 30, 2026 it had $45.2 billion in cash and $59.0 billion in debt, so more debt than cash.
When did American Express last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on July 24, 2026.
Which companies are similar to American Express?
In the S&P 500, American Express is grouped in Consumer Finance within the Financials sector. Capital One (COF), Synchrony Financial (SYF) are in the same group.
Understand the numbers
Source: American Express’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.