American Express (AXP) Free Cash Flow (2010 - 2026)
American Express' (AXP) quarterly Free Cash Flow came in at $2.7 billion in Q1 2026, down 38.74% year-on-year from $4.3 billion in Q1 2025, and up 13.22% quarter-over-quarter from $2.3 billion in Q4 2025.
American Express (AXP) Free Cash Flow (2010 - 2026) Analysis & Trends
American Express has disclosed Free Cash Flow across 17 years of filings, most recently posting $2.7 billion for Q1 2026.
- Free Cash Flow for Q1 2026 came in at $2.7 billion, down 38.74% year-over-year; the trailing twelve-month figure through Mar 2026 was $14.3 billion (up 26.57% YoY), and the FY2025 annual result was $16.0 billion, up 31.83% from the prior year.
- Free Cash Flow came in at $2.7 billion for Q1 2026 at American Express, up from $2.3 billion in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $7.9 billion in Q4 2022 to a low of -$2.3 billion in Q3 2024.
- The 5-year median for Free Cash Flow is $4.0 billion (2024), against an average of $3.9 billion.
- Peak annual rise in Free Cash Flow reached 799.59% in 2024, while the deepest fall reached 128.9% in 2024.
- American Express' Free Cash Flow stood at $7.9 billion in 2022, then retreated by 19.9% to $6.3 billion in 2023, then decreased by 16.71% to $5.3 billion in 2024, then sank by 55.61% to $2.3 billion in 2025, then climbed by 13.22% to $2.7 billion in 2026.
- The last three Free Cash Flow figures came in at $2.7 billion (Q1 2026), $2.3 billion (Q4 2025), and $5.6 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - | 2.63 Bn |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 2.82 Bn |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | 2.66 Bn |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | 5.47 Bn |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 903.00 Mn |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | 2.18 Bn |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | 22.68 Bn |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | -2.38 Bn |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | 1.37 Bn |
| 10 | Credit Acceptance | 6.24 Bn | 6.21 Bn | 562.70 Mn | 268.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 2.66 Bn |
| Mar 31, 2026 | 2.66 Bn |
| Dec 31, 2025 | 2.35 Bn |
| Dec 31, 2025 | 2.35 Bn |
| Sep 30, 2025 | 5.58 Bn |
| Sep 30, 2025 | 5.58 Bn |
| Jun 30, 2025 | 3.75 Bn |
| Jun 30, 2025 | 3.75 Bn |
| Mar 31, 2025 | 4.33 Bn |
| Mar 31, 2025 | 4.33 Bn |
| Dec 31, 2024 | 5.28 Bn |
| Dec 31, 2024 | 5.28 Bn |
| Sep 30, 2024 | -2.27 Bn |
| Sep 30, 2024 | -2.27 Bn |
| Jun 30, 2024 | 3.97 Bn |
| Jun 30, 2024 | 3.97 Bn |
| Mar 31, 2024 | 5.16 Bn |
| Mar 31, 2024 | 5.16 Bn |
| Dec 31, 2023 | 6.34 Bn |
| Dec 31, 2023 | 6.34 Bn |