American Express Company (AXP) Stock Price & Analysis
American Express Company (AXP) closed at USD 325.17 on Thursday, October 22, 2026, up 0.48% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 323.61; the Oct 22, 2026 session ranged USD 322.47–326.26 on volume of 3,385,423 shares. Market capitalization is $219.59B, with a 52-week range of USD 290.97–387.49 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:22 UTC.
Also available as compact Markdown for AI agents: nexqual.com/AXP.md
Key facts (AXP)
- Last four reported quarters (through Jun 30, 2026): revenue $76.0B, net income $11.4B (15.1% margin) (SEC filings).
- Valuation: P/E 19.2x (avg 20.4x at the last 3 fiscal year-ends).
- 16 of 80 tracked superinvestors hold AXP (13F, Q2 2026 (1 investor on Q3 2026, filed early)): 1 new, 1 added, 8 reduced, 6 unchanged.
- Analysts: Buy (mean 2.33 on a 1–5 scale) (30 analysts), mean target USD 369.44 (range 320–450).
- Total return with dividends: 1Y -7.3% vs S&P 500 +14.9%; 5Y +84.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-23, EPS estimate USD 4.5, revenue estimate $20.1B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (AXP)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $42.4B | $52.9B | $60.5B | $65.9B | $72.2B | $76.0B |
| Net income | $8.06B | $7.51B | $8.37B | $10.1B | $10.8B | $11.4B |
| EPS (diluted) | $10.02 | $9.85 | $11.21 | $14.01 | $15.38 | — |
| Free cash flow | $13.1B | $19.2B | $17.0B | $12.1B | $16.0B | $15.1B |
| Net margin | 19.0% | 14.2% | 13.8% | 15.4% | 15.0% | 15.1% |
| Revenue growth | +17.4% | +24.7% | +14.5% | +9.0% | +9.5% | — |
| Cash + short-term investments | $21.7B | $33.7B | $46.8B | $40.9B | $48.5B | — |
| Total debt | $40.9B | $43.9B | $49.2B | $51.1B | $57.8B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (AXP)
P/E 19.2x · P/S 2.9x · P/FCF 14.6x · P/B 6.4x · FCF yield 6.85% · Earnings yield 5.21% · Dividend yield (paid, TTM) 1.10% · Buyback yield (TTM) 3.40%
P/E at fiscal year-ends: Dec 2025 23.8x, Dec 2024 20.9x, Dec 2023 16.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (AXP)
16 of 80 tracked investors hold AXP (1 investor on Q3 2026, filed early). Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change | Quarter |
|---|---|---|---|---|---|
| Warren Buffett | Berkshire Hathaway | 17.14% | $51.3B | Unchanged | Q2 2026 |
| Guy Spier | Aquamarine Capital | 15.26% | $22.0M | Unchanged | Q2 2026 |
| Tweedy Browne | 1.61% | $21.2M | Reduced -0.4% | Q2 2026 | |
| Thomas Gayner | Markel Group | 1.26% | $166M | Unchanged | Q2 2026 |
| First Eagle Investment | First Eagle Investment Management | 0.95% | $568M | Added +1.1% | Q2 2026 |
| Francois Rochon | Giverny Capital | 0.53% | $15.8M | New position | Q2 2026 |
| Mairs & Power | Mairs & Power Funds | 0.45% | $49.3M | Reduced -2.2% | Q2 2026 |
| Christopher Davis | Davis Advisors | 0.30% | $71.0M | Reduced -10.0% | Q2 2026 |
| Christopher Bloomstran | Semper Augustus | 0.13% | $1.1M | Reduced -3.6% | Q2 2026 |
| Lindsell Train | 0.10% | $2.6M | Reduced -15.6% | Q2 2026 | |
| Torray Funds | 0.09% | $665K | Unchanged | Q2 2026 | |
| Bill Nygren | Oakmark Funds | 0.09% | $68.8M | Reduced -0.1% | Q2 2026 |
| David Katz | Matrix Asset Advisors | 0.07% | $862K | Unchanged | Q3 2026 |
| Dodge & Cox Funds | Dodge & Cox | 0.05% | $91.8M | Reduced -2.2% | Q2 2026 |
| Thomas Russo | Gardner Russo & Quinn | 0.02% | $1.7M | Reduced -21.0% | Q2 2026 |
| Ruane Cunniff | Ruane Cunniff LP | <0.01% | $315K | Unchanged | Q2 2026 |
Analysts (AXP)
Consensus Buy (mean 2.33 on a 1–5 scale), 30 analysts; mean target USD 369.44 (low 320, high 450).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-12 | Morgan Stanley | Target lowered | Equal-Weight | $382 → $380 |
| 2026-10-12 | JP Morgan | Target lowered | Overweight | $400 → $360 |
| 2026-10-09 | RBC Capital | Target lowered | Outperform | $415 → $400 |
| 2026-10-09 | BMO Capital | Initiated | Outperform | $380 |
| 2026-10-06 | TD Cowen | Target lowered | Hold | $338 → $335 |
| 2026-10-05 | UBS | Target lowered | Neutral | $384 → $345 |
| 2026-10-05 | Barclays | Target lowered | Equal-Weight | $364 → $342 |
| 2026-10-01 | Evercore ISI Group | Target lowered | In-Line | $370 → $320 |
| 2026-09-30 | Citigroup | Target lowered | Neutral | $355 → $340 |
| 2026-09-23 | Truist Securities | Target lowered | Buy | $375 → $370 |
| 2026-08-12 | Piper Sandler | Target raised | Overweight | $396 → $405 |
| 2026-08-03 | UBS | Target lowered | Neutral | $386 → $384 |
Total return (dividends reinvested) (AXP)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -7.3% | +84.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -7.4% | +13.0% |
| Volatility (annualized) | 25.7% | 29.0% |
| Max drawdown | -23.9% (Dec 2025→Mar 2026) | -30.3% (Feb 2022→Sep 2022) |
AXP revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| USCS | $4.35B | 38.8% | +11.4% |
| CS | $3.10B | 27.6% | +4.1% |
| ICS | $2.05B | 18.3% | +9.3% |
| GMNS | $1.73B | 15.4% | +9.8% |
| Total revenue | $11.21B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
AXP suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Federal Deposit Insurance | “The direct deposit program offered by AENB is our primary deposit product channel, which makes FDIC-insured high-yield savings account, certificates of deposit (CDs), business checking and consumer checking account products available directly to customers.” |
| Partner | Global Business Travel Group | “Joint ventures, such as those through which we operate in certain foreign jurisdictions, and minority investments in companies, such as GBTG, inherently involve a lesser degree of control over business operations, thereby potentially increasing the financial, legal, operational and/or compliance risks associated with the joint venture or minority investment, including as a result of being subject to different laws…” |
| Partner | Costco (COST) | “The loss of exclusivity arrangements with business partners, the loss of the partner relationship altogether (whether by non-renewal at the end of the contract period, such as the end of our relationship with Costco in the United States in 2016, or as the result of a merger, legal or regulatory action or otherwise) or the renegotiation of existing partnerships with terms that are significantly worse for us could h…” |
| Partner | Amazon (AMZN) | “For example, our two largest redemption partners are Amazon and Delta.” |
| Competitor | Visa (V) | “Our global card network competes in the global payments industry with other card networks, including, among others, Visa, China UnionPay, Mastercard, JCB, Discover and Diners Club International (the last two of which are owned by Capital One).” |
| Competitor | Mastercard (MA) | “Our global card network competes in the global payments industry with other card networks, including, among others, Visa, China UnionPay, Mastercard, JCB, Discover and Diners Club International (the last two of which are owned by Capital One).” |
| Competitor | PayPal (PYPL) | “In addition to such networks, we compete against a range of companies globally, including merchant acquirers, processors, payment facilitators and web- and mobile-based payment platforms (e.g., Alipay, PayPal and Shop Pay), as well as regional payment networks (such as the National Payments Corporation of India).” |
Quoted from the company's 10-K filed Feb 6, 2026.
AXP company outlook (results filed Jul 24, 2026)
- “Based on our better-than-expected performance in the first half of the year, we are raising our full-year revenue growth guidance to 10 percent and plan to reinvest this outperformance in growth initiatives given the significant opportunities we see ahead.”
- “We continue to expect full-year EPS of $17.30 to $17.90. "Six months into the year, we're seeing stronger momentum than we expected.”
Quoted word-for-word from the SEC 8-K results press release.
AXP analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $4.50 | $4.69 | -4.0% | $20.12B | 21 |
| Next quarter (ends Dec 2026) | $4.30 | $4.36 | -1.3% | $20.79B | 23 |
| Current fiscal year (ends Dec 2026) | $17.64 | $17.71 | -0.4% | $79.47B | 25 |
| Next fiscal year (ends Dec 2027) | $20.13 | $20.15 | -0.1% | $86.61B | 28 |
AXP options: expected move
Options price a move of about ±5.0% (±$16.10) by Oct 30, 2026, which includes earnings on Oct 23, 2026. Over the last 8 reports the stock moved ±4.2% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 42.4% | ±5.0% |
| Nov 6, 2026 | 14 | 36.1% | ±5.8% |
| Nov 13, 2026 | 21 | 31.1% | ±6.1% |
| Nov 20, 2026 | 28 | 30.3% | ±6.9% |
| Nov 27, 2026 | 35 | 28.9% | ±7.2% |
| Dec 4, 2026 | 42 | 27.6% | ±7.6% |
| Dec 18, 2026 | 56 | 27.2% | ±8.6% |
| Jan 15, 2027 | 84 | 26.1% | ±10.2% |
30-day implied volatility 29.3% vs 19.6% realized over the last 30 trading days. Put/call ratio (volume) 0.72. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:22 UTC)
| Price | USD 325.17 |
|---|---|
| Change | ▲ 0.48% (up) |
| Previous Close | USD 323.61 |
| Open | USD 323.36 |
| Day Range | USD 322.47 – 326.26 |
| 52-Week Range | USD 290.97 – 387.49 |
| Volume | 3,385,423 shares |
| Market Cap | $219.59B |
| Exchange | NYQ |
Technical Analysis (AXP)
Nexqual's technical model rates AXP "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:22 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 63.95 (neutral) |
| vs SMA50 | Above (USD 319.8) |
| MACD | 0.9 (positive) |
Analyst Ratings (AXP)
Wall Street analysts rate AXP "Buy" based on 30 analysts, with a mean price target of USD 369.44 (range USD 320–450), per Nexqual as of October 23, 2026 at 09:22 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 30 |
| Mean Target | USD 369.44 |
| High Target | USD 450 |
| Low Target | USD 320 |
| Buy / Hold / Sell | 15 / 15 / 0 |
Earnings (AXP)
| Next Earnings Date | 2026-10-23 |
|---|---|
| EPS Estimate | USD 4.49 |
| Revenue Estimate | $20.12B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 4.53 vs est 4.4 ▲ beat |
| 2026-03-31 | USD 4.28 vs est 3.99 ▲ beat |
| 2025-12-31 | USD 3.53 vs est 3.53 ▼ miss |
| 2025-09-30 | USD 4.14 vs est 4 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financials & Fundamentals (AXP)
| Total Revenue | $70.91B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +12.80% |
| Gross Margin | +62.34% |
| Operating Margin | +20.32% |
| Profit Margin | +16.14% |
| ROE | +34.38% |
| Debt / Equity | 1.72 |
| Current Ratio | 1.55 |
| Total Cash | $45.75B |
| Total Debt | $59.09B |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Financial Health Score (AXP)
Nexqual rates American Express Company's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:22 UTC.
| Growth | Solid — Revenue +10% YoY (annual) |
|---|---|
| Profitability | Solid — Net margin 15% (last 12 months); banks have no gross margin |
| Balance Sheet | N/A — Not comparable for banks: deposits and customer funds sit on the balance sheet, so cash vs debt does not measure safety (SEC industry: Finance Services) |
| Cash Flow | N/A — Not meaningful for banks and lenders: lending and trading move operating cash flow by billions each year (SEC industry: Finance Services) |
| Efficiency | Strong — ROE 34%, ROA 3.8% |
Ownership (AXP)
| Insider Ownership | +22.56% |
|---|---|
| Institutional Ownership | +64.57% |
| Shares Outstanding | 675.31M |
| Float | 522.22M |
| Short % of Float | +2.07% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
Leadership (AXP)
American Express Company is led by Stephen Joseph Squeri, Chairman & CEO, per Nexqual as of October 23, 2026 at 09:22 UTC.
| Chairman & CEO | Stephen Joseph Squeri |
|---|---|
| Chief Financial Officer | Christophe Y. Le Caillec |
| Group President of Global Commercial Services | Raymond Donald Joabar |
| Group President of US Consumer Services | Howard Martin Grosfield |
| Chief Marketing Officer | Elizabeth Rutledge |
Major Backers & Investors (AXP)
Notable institutional backers of American Express Company include Berkshire Hathaway, JPMorgan, Morgan Stanley, according to Nexqual as of October 23, 2026 at 09:22 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Berkshire Hathaway | 22.45% |
| JPMorgan | 3.03% |
| Morgan Stanley | 1.94% |
| Fisher Asset Management, LLC | 1.4% |
| NORGES BANK | 1.18% |
| Fidelity | 1.02% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 6.5% |
| BlackRock | 6.22% |
| State Street | 4.31% |
| Geode Capital | 2.08% |
Source: Nexqual, October 23, 2026 at 09:22 UTC.
From American Express Company's Latest SEC 10-K Filing (filed 2026-02-06)
Key Strengths & Strategy (as disclosed to the SEC)
- Our businesses function together to form our end-to-end integrated payments platform, which we believe is a differentiator that underpins our business model.
- The following chart provides a summary of our diverse set of customers and broad geographic footprint based on worldwide network volumes: Our integrated payments platform allows us to work with a range of business partners, and our partners in return help drive the scale and relevance of the platform.
- We maintain direct relationships with Card Members (as a card issuer) and merchants (as an acquirer), which provides us with access to information at both ends of the card transaction, distinguishing our integrated payments platform from the bankcard networks.
- Our integrated payments platform and the systems and infrastructure that underlie it provide us with data and analytics, while maintaining our commitment to respect Card Member preferences and protect Card Member and merchant data in compliance with applicable policies and legal requirements.
Legal & Regulatory Risks (Item 1A, quoted)
- We may not be able to effectively manage the operational and compliance risks to which we are exposed.
- Our business is subject to evolving and comprehensive government regulation and supervision, which could materially adversely affect our results of operations and financial condition.
- Litigation and regulatory actions could subject us to significant fines, penalties, judgments and/or requirements resulting in significantly increased expenses, damage to our reputation and/or a material adverse effect on our business and results of operations.
- Regulation in the areas of privacy, data protection, data management, resiliency, data transfer, third party oversight, account access, AI & ML and information security and cybersecurity could increase our costs and affect or limit our business opportunities and how we collect, use and/or retain personal information.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| COF | Capital One Financial Corporati | USD 203.43 | ▼ 1.56% |
| MA | Mastercard Incorporated | USD 633.21 | ▲ 1.7% |
| V | Visa Inc. | USD 414.34 | ▲ 1.59% |
| PYPL | PayPal Holdings, Inc. | USD 57.54 | ▲ 0.59% |
| SYF | Synchrony Financial | USD 75.09 | ▲ 1.32% |
| AFRM | Affirm Holdings, Inc. | USD 72.4 | ▼ 1.51% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:22 UTC. This page is informational and not investment advice.
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