American Express (AXP) Capital Expenditures (2010 - 2026)

American Express' (AXP) quarterly Capital Expenditures came in at $1.1 billion in Q1 2026, up 167.21% year-on-year from $430.0 million in Q1 2025, and up 59.14% quarter-over-quarter from $722.0 million in Q4 2025.

American Express (AXP) Capital Expenditures (2010 - 2026) Analysis & Trends

American Express has disclosed Capital Expenditures across 17 years of filings, most recently posting $1.1 billion for Q1 2026.

  • Capital Expenditures for Q1 2026 came in at $1.1 billion, up 167.21% year-over-year; the trailing twelve-month figure through Mar 2026 was $3.1 billion (up 61.65% YoY), and the FY2025 annual result was $2.4 billion, up 26.9% from the prior year.
  • Capital Expenditures came in at $1.1 billion for Q1 2026 at American Express, up from $722.0 million in the prior quarter.
  • In the past five years, Capital Expenditures ranged from a high of $1.1 billion in Q1 2026 to a low of $360.0 million in Q1 2023.
  • The 5-year median for Capital Expenditures is $452.0 million (2022), against an average of $523.7 million.
  • Across the five-year window, Capital Expenditures dropped 19.46% in 2023 and surged 167.21% in 2026, its largest moves.
  • American Express' Capital Expenditures stood at $513.0 million in 2022, then fell by 16.96% to $426.0 million in 2023, then advanced by 16.2% to $495.0 million in 2024, then jumped by 45.86% to $722.0 million in 2025, then surged by 59.14% to $1.1 billion in 2026.
  • The last three Capital Expenditures figures came in at $1.1 billion (Q1 2026), $722.0 million (Q4 2025), and $654.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Capex (Qtr)
1 Visa 548.22 Bn 535.81 Bn - 383.00 Mn
2 Mastercard 437.48 Bn 427.27 Bn - 181.00 Mn
3 American Express 231.87 Bn 177.83 Bn 17.43 Bn 1.15 Bn
4 Capital One Financial 125.74 Bn 49.24 Bn - 553.00 Mn
5 PayPal Holdings 38.80 Bn 29.46 Bn 7.84 Bn 231.00 Mn
6 Synchrony Financial 25.78 Bn 5.22 Bn - -
7 Affirm Holdings 24.65 Bn 22.93 Bn 261.64 Mn -22.29 Bn
8 SoFi Technologies 22.89 Bn 19.49 Bn 929.25 Mn 67.55 Mn
9 Ally Financial 14.15 Bn 13.70 Bn 1.98 Bn -
10 Credit Acceptance 6.63 Bn 6.61 Bn 562.70 Mn 400,000.00

Historic Data

Download Data
DateValue
Mar 31, 2026 1.15 Bn
Mar 31, 2026 1.15 Bn
Dec 31, 2025 722.00 Mn
Dec 31, 2025 722.00 Mn
Sep 30, 2025 654.00 Mn
Sep 30, 2025 654.00 Mn
Jun 30, 2025 619.00 Mn
Jun 30, 2025 619.00 Mn
Mar 31, 2025 430.00 Mn
Mar 31, 2025 430.00 Mn
Dec 31, 2024 495.00 Mn
Dec 31, 2024 495.00 Mn
Sep 30, 2024 455.00 Mn
Sep 30, 2024 455.00 Mn
Jun 30, 2024 565.00 Mn
Jun 30, 2024 565.00 Mn
Mar 31, 2024 396.00 Mn
Mar 31, 2024 396.00 Mn
Dec 31, 2023 426.00 Mn
Dec 31, 2023 426.00 Mn