American Express Company

AXPUS

Operating globally, American Express Company and its affiliated entities deliver a comprehensive suite of charge and credit payment card solutions, alongside a variety of travel-related offerings. Its business structure is organized into three primary divisions: the Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Among its core offerings are diverse payment and financing instruments, robust network infrastructure services, tools for managing accounts payable expenses, and comprehensive travel and lifestyle support. Furthermore, it facilitates merchant services such as acquisition, transaction processing, settlement, and point-of-sale marketing, providing vital information and assistance to businesses. The company also specializes in fraud mitigation and developing and managing customer loyalty initiatives. These products and services are made available to a broad clientele, encompassing individual consumers, small and mid-sized enterprises, and large corporate entities. Distribution channels include digital platforms (mobile and online applications), collaborations with third-party vendors and partners, direct communication methods like mail and telephone, dedicated internal sales forces, and direct response advertising campaigns. Established in 1850, American Express Company maintains its corporate headquarters in New York, New York.

Founded1850IPO year1972As of2026-08-04
Market Cap
$234.71B
Enterprise Value
$248.20B
EV / LTM Revenue
3.1x
EV / NTM Revenue
3.0x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
3.0x
Gross Profit
3.5x
EBITDA
14.1x
Classification
Sector
Fintech
Sub-sector
Payments
Listing
AXP
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY25%22%10%8%-1%9%
Revenue$44.43B$55.32B$67.36B$74.20B$80.46B$79.47B$86.64B
Gross Profit$44.57B$50.38B$55.59B$60.76B$66.97B
Gross Profit Margin100.3%91.1%82.5%81.9%83.2%
EBITDA$12.38B$11.21B$12.16B$14.57B$15.57B$16.70B$18.21B
EBITDA Margin27.9%20.3%18.1%19.6%19.4%21.0%21.0%
EBIT$10.69B$9.59B$10.51B$12.89B$13.79B$14.53B$15.84B
Net Income$8.06B$7.51B$8.37B$10.13B$10.83B$12.32B$14.01B
Free Cash Flow$13.10B$19.22B$17.00B$12.14B$16.00B
FCF Margin29.5%34.7%25.2%16.4%19.9%
Short-Term Debt$2.24B$1.35B$1.29B$1.37B$1.37B
Long-Term Debt$38.66B$42.57B$47.87B$49.72B$56.39B
Cash & Cash Equivalents$21.52B$33.54B$46.53B$40.55B$47.71B
Net Debt$19.38B$10.38B$2.63B$10.54B$10.05B
Net Debt / EBITDA1.6x0.9x0.2x0.7x0.6x
Rule of 4059.3%47.0%26.5%28.3%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.