Stock research

American Express Company (AXP) Stock Research

American Express is a payments and card company that both issues cards and runs its own network, targeting premium and business customers.

For the fiscal year ended December 31, 2025, American Express Company reported revenue of $41.3B and net income of $10.8B, with operating cash flow of $18.4B. Source: Form 10-K filed February 6, 2026

SEC data as of

Revenue
$41.3B
FY ending 2025-12-31
Net income
$10.8B
FY ending 2025-12-31
Diluted EPS
$15.38
Net margin
26.2%

Reported SEC XBRL figures. Each metric’s period and original filing are listed below.

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About American Express

Its spending-based model gives it a read on affluent consumer behavior.

Exchange
NYSE: AXP
Sector
Financials
SEC industry
Finance Services (SIC 6199)
Fiscal year end
December 31
Headquarters
New York, New York
Founded
1850

AXP key financials

Reported figures from American Express Company's filings, pulled directly from SEC XBRL data rather than a third-party terminal. Each row links to the filing it came from.

MetricValuePeriodSource
Revenue$41.3B2025-01-01 – 2025-12-31SEC filing
Net income$10.8B2025-01-01 – 2025-12-31SEC filing
Operating cash flow$18.4B2025-01-01 – 2025-12-31SEC filing
Diluted EPS$15.382025-01-01 – 2025-12-31SEC filing
Net margin26.2%2025-01-01 – 2025-12-31SEC filing
Shares outstanding687MAs of 2026-01-30SEC filing

Values are as tagged by the issuer in XBRL. Revenue for banks and insurers is net of interest expense where that is the reported line. Fiscal years that do not follow the calendar are shown by their period-end date. No price, market cap, or valuation multiple is shown because Yield Theory does not republish unlicensed market data.

Diluted EPS is the earnings figure behind the price-to-earnings ratio; the P/E multiple compression calculator shows how a change in that multiple moves a share price. Shares outstanding multiplied by the share price gives market capitalization.

What investors should watch in AXP

American Express Company sits in Financials. Banks, insurers, asset managers, and exchanges — the plumbing of capital markets, geared directly to interest rates and credit. We have not yet written company-specific drivers for AXP; the forces that matter most for the sector are:

  • ◆The shape of the yield curve and net interest margins
  • ◆Credit quality and loan-loss provisions
  • ◆Regulation and capital requirements
  • ◆Deal activity and market volatility

Key questions for the AXP thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Does AXP's reported profit turn into cash?

Operating cash flow was $18.4B, 1.70 times net income of $10.8B, for the fiscal year ended December 31, 2025.

Cash from operations exceeded reported earnings. Non-cash charges such as depreciation, amortization and stock-based compensation usually explain the gap; the cash-flow statement shows which.

Form 10-K filed February 6, 2026

How much of AXP's revenue is left as profit?

Net income was 26.2% of revenue for the fiscal year ended December 31, 2025, based on revenue and net income reported for the same period.

Net margin reflects the business model as much as execution, so compare it with companies in the same SEC industry and read the income statement for one-time items before treating it as a run rate.

Form 10-K filed February 6, 2026

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Congressional trading in AXP

PoliticianTrade dateTypeOwnerAmountSource
Rick Allen2026-05-08PurchaseSpouse$1,001 - $15,000Filing #20034740
Rick Larsen2026-04-07SaleSelf$1,001 - $15,000Filing #20034351
Jared Moskowitz2026-03-31PurchaseSelf$1,001 - $15,000Filing #20034274
Alan Armstrong2026-03-27PurchaseSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Shelley Capito2026-03-11PurchaseSpouse$1,001 - $15,000Filing #ab712d8d-1afd-4f09-b29e-f1b65bba50b8
Julie Johnson2025-12-18SaleJoint$1,001 - $15,000Filing #20033789
Julie Johnson2025-11-13SaleJoint$1,001 - $15,000Filing #20033611
Lisa McClain2025-10-31SaleSpouse$1,001 - $15,000Filing #20033446
Lisa McClain2025-10-30SaleSpouse$1,001 - $15,000Filing #20033446
Lisa McClain2025-10-30PurchaseSpouse$1,001 - $15,000Filing #20033446

All verified AXP congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

AXP — frequently asked questions

What does American Express Company do?

American Express is a payments and card company that both issues cards and runs its own network, targeting premium and business customers.

What were AXP's latest reported annual revenue and net income?

For the fiscal year ended December 31, 2025, American Express Company reported revenue of $41.3B and net income of $10.8B, with operating cash flow of $18.4B. The figures come from American Express Company's SEC XBRL filings.

When does American Express Company's fiscal year end?

The SEC lists American Express Company's fiscal year end as December 31.

Do members of Congress trade AXP?

The current verified House and Senate snapshot contains 26 transaction rows for AXP, each linked to the original filing.

Where is American Express Company headquartered?

American Express Company is headquartered in New York, New York and was founded in 1850.

Is AXP a good investment?

This page does not rate AXP as a buy or sell. It sets out what American Express Company reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the AXP numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

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