American Express (AXP) Invested Capital (2010 - 2026)
American Express (AXP) reported Invested Capital of $36.31 billion for Q2 2026, up 7.4% from $33.8 billion a year earlier and up 1.8% from the prior quarter.
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Analysis
American Express (AXP) Invested Capital (2010 - 2026) Analysis & Trends
For FY2025, American Express posted Invested Capital of $34.85 billion, up 10.1% from FY2024.
- Invested Capital has increased for four consecutive years, with a five-year compound annual growth rate of 7.0% (FY2020 to FY2025).
- By year, Invested Capital came in at $31.64 billion in FY2024 (+7.8%), $29.35 billion in FY2023 (+12.6%), $26.06 billion in FY2022 (+6.7%) and $24.42 billion in FY2021 (-1.8%).
- The Q2 2026 figure ranks as the highest quarterly Invested Capital in data going back to Q4 2010.
- Year over year, Invested Capital has now increased in each of the last 15 quarters, with growth averaging 8.3% over the last eight quarters.
- The high point for year-over-year Invested Capital in five years was Q3 2023 (growth of 13.7%); the low point was Q2 2022 (a decline of 8.0%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $35.69 billion (Q1 2026), $34.85 billion (Q4 2025) and $33.86 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 885.23 Bn | 914.70 Bn | - | 447.03 Bn |
| 2 | Banco Santander Chile | 404.41 Bn | 524.35 Bn | - | 9,822.84 Bn |
| 3 | Bank Of America | 381.15 Bn | -1,994.92 Bn | - | 361.07 Bn |
| 4 | Hsbc Holdings | 319.39 Bn | 319.44 Bn | - | - |
| 5 | Morgan Stanley | 298.67 Bn | -210.43 Bn | - | 147.26 Bn |
| 6 | Royal Bank Of Canada | 268.75 Bn | -557.52 Bn | - | 113.80 Bn |
| 7 | Mitsubishi Ufj Financial | 265.72 Bn | -107.91 Bn | 10.89 Bn | 237.43 Bn |
| 8 | Goldman Sachs | 261.04 Bn | -3,296.07 Bn | - | 560.62 Bn |
| 9 | Wells Fargo & Company | 253.09 Bn | 255.22 Bn | - | 207.49 Bn |
| 10 | American Express | 208.01 Bn | -160.24 Mn | - | 36.31 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 36.31 Bn |
| Mar 31, 2026 | 35.69 Bn |
| Dec 31, 2025 | 34.85 Bn |
| Sep 30, 2025 | 33.86 Bn |
| Jun 30, 2025 | 33.80 Bn |
| Mar 31, 2025 | 32.76 Bn |
| Dec 31, 2024 | 31.64 Bn |
| Sep 30, 2024 | 31.16 Bn |
| Jun 30, 2024 | 31.18 Bn |
| Mar 31, 2024 | 30.51 Bn |
| Dec 31, 2023 | 29.35 Bn |
| Sep 30, 2023 | 28.94 Bn |
| Jun 30, 2023 | 28.29 Bn |
| Mar 31, 2023 | 27.72 Bn |
| Dec 31, 2022 | 26.06 Bn |
| Sep 30, 2022 | 25.46 Bn |
| Jun 30, 2022 | 25.22 Bn |
| Mar 31, 2022 | 24.51 Bn |
| Dec 31, 2021 | 24.42 Bn |
| Sep 30, 2021 | 26.68 Bn |
API Access
American Express Invested Capital 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=invested-capital&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "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=invested-capital&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();