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
DateValue
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