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
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 |