American Express (AXP) Free Cash Flow (2009 - 2025)
American Express' Free Cash Flow was $4.44 billion in Q3 2026, down 20.5% from $5.58 billion a year earlier and down 0.8% from the prior quarter.
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Analysis
American Express (AXP) Free Cash Flow (2009 - 2025) Analysis & Trends
On a trailing twelve-month basis, American Express' Free Cash Flow was $13.91 billion through Sep 30, 2026, down 26.6% year-over-year; for FY2025, it came in at $16 billion, up 31.8% from FY2024.
- Free Cash Flow shows a five-year compound annual growth rate of 31.2% (FY2020 to FY2025).
- In earlier years, Free Cash Flow was $12.14 billion in FY2024 (-28.6%), $17 billion in FY2023 (-11.6%), $19.22 billion in FY2022 (+46.8%) and $13.1 billion in FY2021 (+218.4%).
- Quarterly Free Cash Flow has moved between -$2.27 billion (Q3 2024) and $7.92 billion (Q4 2022) over five years.
- Compared with a year earlier, Free Cash Flow was higher in 1 of the last seven quarters, with an average decline of 19.1%.
- The best year-over-year quarter for Free Cash Flow over five years was Q3 2023 (growth of 92.9%); the worst was Q4 2025 (a decline of 55.6%).
- Per Business Quant data, AXP's Free Cash Flow in the three quarters before Q3 2026 was $4.47 billion (Q2 2026), $2.66 billion (Q1 2026) and $2.35 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Yr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | -147.78 Bn |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 12.61 Bn |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | 28.32 Bn |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 39.44 Bn |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | -20.79 Bn |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | -47.22 Bn |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | -19.00 Bn |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | -24.38 Bn |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 16.00 Bn |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | -49.75 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 16.00 Bn |
| Dec 31, 2024 | 12.14 Bn |
| Dec 31, 2023 | 17.00 Bn |
| Dec 31, 2022 | 19.22 Bn |
| Dec 31, 2021 | 13.10 Bn |
| Dec 31, 2020 | 4.11 Bn |
| Dec 31, 2019 | 11.99 Bn |
| Dec 31, 2018 | 7.62 Bn |
| Dec 31, 2017 | 12.48 Bn |
| Dec 31, 2016 | 6.92 Bn |
| Dec 31, 2015 | 9.37 Bn |
| Dec 31, 2014 | 9.80 Bn |
| Dec 31, 2013 | 7.54 Bn |
| Dec 31, 2012 | 6.03 Bn |
| Dec 31, 2011 | 8.58 Bn |
| Dec 31, 2010 | 7.85 Bn |
| Dec 31, 2009 | 5.62 Bn |
API Access
American Express Free Cash Flow API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=free-cash-flow-annual&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow-annual", "ticker": "AXP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=free-cash-flow-annual&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();