American Express (AXP) stock
Financials · Consumer Finance
American Express (AXP) is a Consumer Finance company in the Financials sector, headquartered in New York City, New York. As of October 23, 2026, AXP closed at $313.22, a market capitalization of $210.03 billion, the 53rd largest company in the S&P 500. Over the last twelve months it generated $72.85 billion in revenue (+11% year over year) and $15.05 billion in free cash flow. The stock trades at 19.0x trailing earnings and 15.5x forward earnings.
- 1-year total return: -10.8% (dividends reinvested)
- 5-year return: +12.2% a year
- 52-week range: $290.97 – $387.49
- Gross margin 62.0%, operating margin 18.4%
- Dividend yield: 1.21%, 4 straight years of increases
- FI Handbook report card: B+ across 9 metrics
- 9th largest of 76 Financials stocks in the S&P 500
AXP price chart
1Y price change: -11.8% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| AXP | +4.0% | -14.4% | -10.8% | +30.9% | +12.2% | +18.2% | +10.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1972.
AXP key statistics
- Market cap
- $210.0B
- #53 in S&P 500
- P/E (TTM)
- 19.0x
- Forward P/E
- 15.5x
- EPS (TTM)
- $16.48
- Revenue (TTM)
- $72.9B
- +11%
- Free cash flow
- $15.1B
- Gross margin
- 62.0%
- Operating margin
- 18.4%
- Return on equity
- 35.9%
- Dividend yield
- 1.21%
- 52-week range
- $290.97 – $387.49
- Beta
- 1.08
- Price / sales
- 2.9x
- EV / EBITDA
- —
- Debt / equity
- 1.68x
- Employees
- 76,800
AXP report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth11.3%B
- Gross margin62.0%A
- Operating margin18.4%C
- FCF margin20.7%B
- Return on equity35.9%A
- Net debt / EBITDA——
- Forward P/E15.5xB
- PEG ratio1.3xB
- Shareholder yield4.0%B
- Share count change / yr-2.9%A
American Express financials
Revenue went from $24.2B in fiscal 2016 to $41.3B in fiscal 2025, growing 6.1% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.2B | $24.8B | $26.6B | $28.2B | $22.0B | $27.7B | $34.2B | $37.2B | $38.8B | $41.3B |
| Net income | $5.4B | $2.7B | $6.9B | $6.8B | $3.1B | $8.1B | $7.5B | $8.4B | $10.1B | $10.8B |
| EPS (diluted) | — | — | — | $7.99 | $3.77 | $10.02 | $9.85 | $11.21 | $14.01 | $15.38 |
| Free cash flow | — | $12.5B | $7.6B | $12.0B | $4.1B | $13.1B | $19.2B | $17.0B | $12.1B | $16.0B |
| Buybacks | $4.4B | $4.3B | $1.6B | — | $1.0B | $7.7B | $3.5B | $3.6B | $6.0B | $5.8B |
| Dividends paid | $1.2B | $1.3B | $1.3B | $1.4B | $1.5B | $1.4B | $1.6B | $1.8B | $2.0B | $2.3B |
| Diluted shares | 935.0M | 886.0M | 859.0M | 830.0M | 806.0M | 790.0M | 752.0M | 736.0M | 713.0M | 696.0M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into AXP?
A reverse DCF asks what growth the current price requires. With an enterprise value of $226.6B and $15.1B of trailing free cash flow, American Express needs to grow free cash flow about 3.6% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 31.2% a year over the last five years.
P/E ratio history
Current 20.4x vs. median 22.0x (10th–90th percentile 14.6x–34.2x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
AXP dividend
- Dividend yield
- 1.21%
- Annual dividend
- $3.80
- Years of increases
- 4
- 5-yr dividend growth
- 12.9%
- per year
- Payout ratio
- 21%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
AXP analyst price targets
25 analysts' average 12-month target is $368.72 (+18% vs. $313.22). Targets range from $320.00 to $450.00. 50% rate it a buy.
AXP earnings
Next report: January 29, 2027. American Express has beaten EPS estimates 3 quarters in a row.
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Oct 23, 2026 | $4.50 | $5.42 | +20.4% |
| Jul 24, 2026 | $4.40 | $4.53 | +2.8% |
| Apr 23, 2026 | $3.99 | $4.28 | +7.2% |
| Jan 30, 2026 | $3.55 | $3.53 | -0.7% |
| Oct 17, 2025 | $3.98 | $4.14 | +4.0% |
| Jul 18, 2025 | $3.88 | $4.08 | +5.1% |
| Apr 17, 2025 | $3.47 | $3.64 | +4.8% |
| Jan 24, 2025 | $3.03 | $3.04 | +0.2% |
Stocks like AXP
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 COF Capital One Financial Corporati | -1.03% | -7% | $123.5B | 12.3x | Compare |
 SYF Synchrony Financial | -1.93% | +2% | $24.0B | 7.7x | Compare |
 BRK-B Berkshire Hathaway | -0.87% | +11% | $1.2T | 13.6x | Compare |
 JPM JP Morgan Chase | -1.47% | +15% | $880.5B | 13.9x | Compare |
 V Visa | -1.55% | +19% | $765.8B | 34.7x | Compare |
 MA Mastercard | -1.52% | +9% | $546.3B | 34.3x | Compare |
 BAC Bank of America | -1.02% | -0% | $350.0B | 12.1x | Compare |
 MS Morgan Stanley | -2.44% | +15% | $280.9B | 14.2x | Compare |
AXP news
- American Express adds $250 Airbnb credit, but there's a catch · Oct 24, 2026
- American Express (AXP) Stock Price Drops After Strong Q3 Earnings · Oct 24, 2026
- American Express Stock Shocks Despite Positive Revenue and Earnings · Oct 24, 2026
- AmEx Raised Its Profit Forecast and Announced Layoffs on the Same Day · Oct 24, 2026
- Amex Stock Slides on Job Cuts, But the Real Story Is Macro · Oct 24, 2026
AXP stock FAQ
What is AXP's market cap?
American Express's market capitalization is $210.03 billion as of October 23, 2026, ranking 53rd in the S&P 500.
What is AXP's P/E ratio?
AXP trades at a trailing price-to-earnings ratio of 19.0x and a forward P/E of 15.5x. Its median P/E over the period we track is 22.0x.
Does AXP pay a dividend?
Yes. American Express pays $3.80 per share a year, a 1.21% yield. It has raised its dividend 4 years in a row. Dividends grew 12.9% a year over the last five years.
How much has AXP stock returned?
Including reinvested dividends, AXP returned -10.8% over one year, +12.2% a year over five years, +18.2% a year over ten years through October 23, 2026.
Is AXP stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies American Express must grow free cash flow about 4% a year for the next decade. Its free cash flow grew 31% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the AXP price target?
25 analysts cover AXP with an average 12-month price target of $368.72, +18% from the current price. 50% of them rate it a buy.
When does AXP report earnings?
American Express is expected to report earnings on January 29, 2027. It has beaten EPS estimates 3 quarters in a row.
How many employees does American Express have?
American Express has about 76,800 full-time employees, or $948,594 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology