American Express (AXP) Capital Expenditures (2009 - 2025)
American Express (AXP) reported Capital Expenditures of $947 million for Q3 2026, up 44.8% from $654 million a year earlier and up 5.5% from the prior quarter.
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Analysis
American Express (AXP) Capital Expenditures (2009 - 2025) Analysis & Trends
Over the twelve months ended Sep 30, 2026, American Express' Capital Expenditures came in at $3.72 billion, up 69.1% year-over-year; for FY2025, it came in at $2.43 billion, up 26.9% from FY2024.
- Capital Expenditures has a five-year compound annual growth rate of 10.4% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $1.91 billion in FY2024 (+22.3%), $1.56 billion in FY2023 (-15.7%), $1.86 billion in FY2022 (+19.7%) and $1.55 billion in FY2021 (+4.9%).
- Five-year quarterly Capital Expenditures spans a low of $360 million in Q1 2023 and a high of $1.15 billion in Q1 2026.
- Year over year, Capital Expenditures has now increased in each of the last 11 quarters, with growth averaging 47.6% over the last eight quarters.
- The high point for year-over-year Capital Expenditures in five years was Q1 2026 (growth of 167.2%); the low point was Q1 2023 (a decline of 19.5%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $898 million (Q2 2026), $1.15 billion (Q1 2026) and $722 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Yr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | - |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | - |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | 1.45 Bn |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | - |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 2.90 Bn |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 2.06 Bn |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | - |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | 2.01 Bn |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 2.43 Bn |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 2.43 Bn |
| Dec 31, 2024 | 1.91 Bn |
| Dec 31, 2023 | 1.56 Bn |
| Dec 31, 2022 | 1.86 Bn |
| Dec 31, 2021 | 1.55 Bn |
| Dec 31, 2020 | 1.48 Bn |
| Dec 31, 2019 | 1.65 Bn |
| Dec 31, 2018 | 1.31 Bn |
| Dec 31, 2017 | 1.06 Bn |
| Dec 31, 2016 | 1.38 Bn |
| Dec 31, 2015 | 1.34 Bn |
| Dec 31, 2014 | 1.20 Bn |
| Dec 31, 2013 | 1.01 Bn |
| Dec 31, 2012 | 1.05 Bn |
| Dec 31, 2011 | 1.19 Bn |
| Dec 31, 2010 | 878.00 Mn |
| Dec 31, 2009 | 722.00 Mn |
API Access
American Express Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures-annual&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures-annual", "ticker": "AXP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures-annual&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();