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
DateValue
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