American Express (AXP) Free Cash Flow (2010 - 2026)
American Express (AXP) posted Free Cash Flow of $4.5 billion for Q2 2026, up 68.47% sequentially from $2.7 billion in Q1 2026, and up 19.44% YoY from $3.7 billion in Q2 2025.
American Express (AXP) Free Cash Flow (2010 - 2026) Analysis & Trends
American Express has reported Free Cash Flow for 17 years, with the latest figure at $4.5 billion in Q2 2026.
- Quarterly Free Cash Flow rose 19.44% year-over-year to $4.5 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $15.1 billion (up 35.66% YoY) and the FY2025 annual result came in at $16.0 billion, up 31.83% from the prior year.
- Free Cash Flow climbed to $4.5 billion in Q2 2026 per AXP's latest filing, from $2.7 billion in the prior quarter.
- Over five years, Free Cash Flow peaked at $7.9 billion in Q4 2022 and troughed at -$2.3 billion in Q3 2024.
- A 5-year average of $4.0 billion and a median of $4.0 billion in 2022 frame the typical range for Free Cash Flow.
- The widest YoY moves for Free Cash Flow: up 799.59% in 2024, down 128.9% in 2024.
- Over 5 years, Free Cash Flow stood at $7.9 billion in 2022, then slipped by 19.9% to $6.3 billion in 2023, then dropped by 16.71% to $5.3 billion in 2024, then sank by 55.61% to $2.3 billion in 2025, then jumped by 90.75% to $4.5 billion in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $4.5 billion, $2.7 billion, and $2.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 6.14 Bn |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 3.51 Bn |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 4.47 Bn |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 8.08 Bn |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 1.78 Bn |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 2.42 Bn |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | -32.90 Bn |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | -2.38 Bn |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 1.35 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.47 Bn |
| Jun 30, 2026 | 4.47 Bn |
| 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 |