Tearsheet

American Express (AXP)


Market Price (10/16/2025): $330.66 | Market Cap: $230.8 Bil
Sector: Financials | Industry: Consumer Finance

American Express (AXP)


Market Price (10/16/2025): $330.66
Market Cap: $230.8 Bil
Sector: Financials
Industry: Consumer Finance

Investment Highlights


0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%, CFO LTM is 13 Bil, FCF LTM is 11 Bil
Trading close to highs
Dist 52W High is -3.2%, Dist 3Y High is -3.2%
 
1 Low stock price volatility
Vol 12M is 32%
  
0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 16%, CFO LTM is 13 Bil, FCF LTM is 11 Bil
1 Low stock price volatility
Vol 12M is 32%
2 Trading close to highs
Dist 52W High is -3.2%, Dist 3Y High is -3.2%

Market Valuation & Key Metrics

AXP Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
AXP Return-1%37%-9%29%60%13%175%
Peers Return38%8%-26%20%31%5%82%
S&P 500 Return16%27%-19%24%23%13%103%

Monthly Win Rates [3]
AXP Win Rate58%75%42%33%75%56% 
Peers Win Rate60%54%38%67%65%58% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
AXP Max Drawdown-44%-5%-17%-3%-4%-22% 
Peers Max Drawdown-35%-13%-35%-9%-4%-15% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: V, MA, COF, PYPL, GFCX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/15/2025 (YTD)

Downturns Compared

Unique KeyEventAXPS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-32.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven47.0%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven483 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-49.6%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven98.6%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven337 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-20.7%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven26.1%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven81 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-84.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven538.9%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1470 days1480 days


How Low Can It Go?

American Express's stock fell -32.0% during the 2022 Inflation Shock from a high on 2/16/2022. A -32.0% loss requires a 47.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Better Bets than American Express (AXP)

Latest Trefis Analyses

Trade Ideas

Select past ideas related to AXP. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-10.8%-10.8%-12.3%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.4%1.4%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
3.4%3.4%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.8%-1.8%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
16.0%16.0%0.0%
AXP_3312020_Dip_Buyer_2_Growing_With_High_FCF_Yield03312020AXPAmerican ExpressDip BuyDB | Growth | FCF YieldDip Buy with Growth and High Free Cash Flow Yield
Buying dips for companies with growth, and significant free cash flow yield (FCF / Market Cap)
15.3%68.7%-13.6%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-10.8%-10.8%-12.3%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
1.4%1.4%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
3.4%3.4%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.8%-1.8%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run
16.0%16.0%0.0%
AXP_3312020_Dip_Buyer_2_Growing_With_High_FCF_Yield03312020AXPAmerican ExpressDip BuyDB | Growth | FCF YieldDip Buy with Growth and High Free Cash Flow Yield
Buying dips for companies with growth, and significant free cash flow yield (FCF / Market Cap)
15.3%68.7%-13.6%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for American Express

Financials

AXPVMACOFPYPLGFCXMedian
NameAmerican.Visa Masterca.Capital .PayPal GoodFait. 
Mkt Price330.66345.69562.81215.1067.98-330.66
Mkt Cap230.8637.1513.382.465.9-230.8
Rev LTM68,63838,89329,06939,71032,292-38,893
Op Inc LTM-25,86416,870-6,161-16,870
FCF LTM11,09522,08314,31518,5115,292-14,315
FCF 3Y Avg16,39919,89911,70418,0245,216-16,399
CFO LTM13,09423,48515,48819,8166,066-15,488
CFO 3Y Avg18,22621,13412,85119,0965,899-18,226

Growth & Margins

AXPVMACOFPYPLGFCXMedian
NameAmerican.Visa Masterca.Capital .PayPal GoodFait. 
Rev Chg LTM8.4%11.4%13.1%6.5%4.1%-8.4%
Rev Chg 3Y Avg12.5%11.5%13.5%8.1%7.0%-11.5%
Rev Chg Q9.3%14.3%14.2%6.4%5.1%-9.3%
QoQ Delta Rev Chg LTM2.3%3.4%3.2%1.5%1.3%-2.3%
Op Mgn LTM-66.5%58.0%-19.1%-58.0%
Op Mgn 3Y Avg-66.8%58.0%-17.8%-58.0%
QoQ Delta Op Mgn LTM--0.0%0.1%-0.3%-0.1%
CFO/Rev LTM19.1%60.4%53.3%49.9%18.8%-49.9%
CFO/Rev 3Y Avg29.2%60.1%49.5%51.1%19.2%-49.5%
FCF/Rev LTM16.2%56.8%49.2%46.6%16.4%-46.6%
FCF/Rev 3Y Avg26.3%56.6%45.1%48.3%16.9%-45.1%

Valuation

AXPVMACOFPYPLGFCXMedian
NameAmerican.Visa Masterca.Capital .PayPal GoodFait. 
Mkt Cap230.8637.1513.382.465.9-230.8
P/S3.416.417.72.12.0-3.4
P/EBIT-25.631.3-10.5-25.6
P/E22.731.439.116.914.1-22.7
P/CFO17.627.133.14.210.9-17.6
Total Yield4.9%3.7%2.6%7.0%7.1%-4.9%
Dividend Yield0.5%0.5%0.0%1.1%0.0%-0.5%
FCF Yield 3Y Avg10.2%4.1%2.7%32.6%7.8%-7.8%
D/E0.30.00.00.50.2-0.2
Net D/E0.00.00.0-0.10.0-0.0

Returns

AXPVMACOFPYPLGFCXMedian
NameAmerican.Visa Masterca.Capital .PayPal GoodFait. 
1M Rtn1.3%2.0%-3.3%-5.0%1.3%-1.3%
3M Rtn6.3%-1.0%1.4%-0.4%-6.8%--0.4%
6M Rtn31.4%4.7%9.9%35.2%12.8%-12.8%
12M Rtn20.5%24.6%11.6%38.9%-14.5%-20.5%
3Y Rtn150.9%94.1%98.4%139.3%-15.5%-98.4%
1M Excs Rtn0.4%0.7%-4.9%-5.1%0.7%-0.4%
3M Excs Rtn-0.8%-6.9%-4.5%-7.0%-13.9%--6.9%
6M Excs Rtn5.3%-20.3%-14.5%8.7%-14.0%--14.0%
12M Excs Rtn6.3%10.6%-2.0%25.1%-30.3%-6.3%
3Y Excs Rtn65.9%9.9%11.6%60.6%-104.2%-11.6%

Financials

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
United States Consumer Services (USCS)28,11623,91418,922  
Commercial Services (CS)14,77613,56910,911  
International Card Services (ICS)10,4309,0617,435  
Global Merchant and Network Services (GMNS)7,3966,4755,1294,2436,234
Corporate & Other-203-157-17-552-171
Global Commercial Services (GCS)   10,61913,108
Global Consumer Services Group (GCSG)   21,77724,385
Total60,51552,86242,38036,08743,556


Assets by Segment
$ Mil20242023202220212020
United States Consumer Services (USCS)107,15894,44477,000  
Commercial Services (CS)55,36151,41145,000  
International Card Services (ICS)42,23436,89133,000  
Corporate & Other32,64125,60319,00048,00021,000
Global Merchant and Network Services (GMNS)23,71420,00515,00014,00018,000
Global Commercial Services (GCS)   42,00053,000
Global Consumer Services Group (GCSG)   87,000106,000
Total261,108228,354189,000191,000198,000


Price Behavior

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity9,854,885
Short Interest: % Change Since 91520252.2%
Average Daily Volume3,150,308
Days-to-Cover Short Interest3.13
Basic Shares Quantity698,000,000
Short % of Basic Shares1.4%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/18/2025-2.3%-2.3%-3.1%
4/17/2025-0.6%5.7%18.5%
1/24/2025-1.4%-2.1%-9.3%
10/18/2024-3.1%-5.5%0.4%
7/19/2024-2.7%-3.6%1.0%
4/19/20246.2%9.0%11.6%
1/26/20247.1%8.1%15.4%
10/20/2023-5.4%-4.2%8.6%
...
SUMMARY STATS   
# Positive91115
# Negative15139
Median Positive5.4%5.7%8.3%
Median Negative-2.3%-3.4%-6.5%
Max Positive10.5%13.1%18.9%
Max Negative-5.4%-13.1%-17.5%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025718202510-Q 6/30/2025
3312025418202510-Q 3/31/2025
12312024207202510-K 12/31/2024
93020241018202410-Q 9/30/2024
6302024719202410-Q 6/30/2024
3312024419202410-Q 3/31/2024
12312023209202410-K 12/31/2023
93020231020202310-Q 9/30/2023
6302023725202310-Q 6/30/2023
3312023421202310-Q 3/31/2023
12312022210202310-K 12/31/2022
93020221021202210-Q 9/30/2022
6302022722202210-Q 6/30/2022
3312022422202210-Q 3/31/2022
12312021211202210-K 12/31/2021
93020211022202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Seeger LaureenChief Legal Officer8072025Sell297.2439,38311,706,2039,315,177Form
1Marquez RafaelPresident, International Card5212025Sell296.9312,0003,563,1602,398,617Form
2Joabar RaymondGrp. Pres., Global Comm. Serv.5142025Sell302.44400120,976602,763Form
3Grosfield HowardGroup Pres., U.S. Cons. Serv.5072025Sell275.509,4502,603,4752,590,383Form
4McNeal Glenda GChief Partner Officer4302025Sell264.663,019799,0092,889,792Form