American Express AXP
NYSE AXP
$311.58 +0.10 (+0.03%)
At close: Sep 18, 2026 · 4:00 PM EDT

American Express (AXP) Free Cash Flow (2010 - 2026)

American Express' (AXP) quarterly Free Cash Flow came in at $4.5 billion in Q2 2026, up 19.44% year-over-year from $3.7 billion in Q2 2025, and up 68.47% quarter-over-quarter from $2.7 billion in Q1 2026.

Analysis

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 $4.5 billion for Q2 2026.

  • In Q2 2026, Free Cash Flow rose 19.44% year-over-year to $4.5 billion; the TTM figure through Jun 2026 stood at $15.1 billion (up 35.66% YoY), while the FY2025 annual figure was $16.0 billion, up 31.83% from the prior year.
  • Free Cash Flow came in at $4.5 billion for Q2 2026 at American Express, up from $2.7 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.
  • Average Free Cash Flow over 5 years is $4.0 billion, with a median of $4.0 billion recorded in 2022.
  • The largest YoY upside for Free Cash Flow was 799.59% in 2024 against a maximum downside of 128.9% in 2024.
  • Over 5 years, 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 tumbled by 55.61% to $2.3 billion in 2025, then surged by 90.75% to $4.5 billion in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $4.5 billion in Q2 2026, $2.7 billion in Q1 2026, and $2.3 billion in Q4 2025.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Bank Of America 405.01 Bn -183.49 Bn 30.39 Bn 29.04 Bn
2 Morgan Stanley 318.33 Bn 158.20 Bn - -3.57 Bn
3 Royal Bank Of Canada 284.62 Bn 57.78 Bn - 25.17 Bn
4 Goldman Sachs 274.43 Bn -701.92 Bn - 5.60 Bn
5 Mitsubishi Ufj Financial 274.26 Bn -110.06 Bn 10.89 Bn -
6 Wells Fargo & Company 260.84 Bn 59.01 Bn - 6.78 Bn
7 American Express 210.32 Bn 161.00 Bn 17.99 Bn 4.47 Bn
8 Banco Santander 210.20 Bn 217.82 Bn 28.01 Bn 221.87 Bn
9 Toronto Dominion Bank 206.68 Bn 45.35 Bn - 5.84 Bn
10 Schwab Charles 181.98 Bn 108.39 Bn - 4.12 Bn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 4.47 Bn
Mar 31, 2026 2.66 Bn
Dec 31, 2025 2.35 Bn
Sep 30, 2025 5.58 Bn
Jun 30, 2025 3.75 Bn
Mar 31, 2025 4.33 Bn
Dec 31, 2024 5.28 Bn
Sep 30, 2024 -2.27 Bn
Jun 30, 2024 3.97 Bn
Mar 31, 2024 5.16 Bn
Dec 31, 2023 6.34 Bn
Sep 30, 2023 7.84 Bn
Jun 30, 2023 3.55 Bn
Mar 31, 2023 -737.00 Mn
Dec 31, 2022 7.92 Bn
Sep 30, 2022 4.07 Bn
Jun 30, 2022 3.81 Bn
Mar 31, 2022 3.43 Bn
Dec 31, 2021 4.54 Bn
Sep 30, 2021 3.70 Bn