American Express Company AXP
- Market cap
- $207.3B
- P/E
- 18.7×
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American Express Company (AXP) Free cash flow margin
American Express Company's free cash flow margin over the twelve months to 30 June 2026 was 17.9%, down 2.0 percentage points from fiscal 2025 (19.9%). Over the past ten years it has ranged from 10.8% (fiscal 2020) to 34.6% (fiscal 2022); the current reading is higher than 45% of that period. That is above the Credit Services industry median of 13.0% and above the Financial sector median of 15.6%.
Free cash flow margin, annual
Annual
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 19.9% | 3.53 |
| FY2024 | 16.4% | (8.87) |
| FY2023 | 25.2% | (9.33) |
| FY2022 | 34.6% | 4.57 |
| FY2021 | 30.0% | 19.22 |
| FY2020 | 10.8% | (14.72) |
| FY2019 | 25.5% | 7.88 |
| FY2018 | 17.6% | (14.39) |
| FY2017 | 32.0% | 13.38 |
| FY2016 | 18.6% | (8.57) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| V Visa Inc. compare | 47.2% |
| MA Mastercard Incorporated compare | 45.5% |
| SYF Synchrony Financial compare | 41.8% |
| COF Capital One Financial Corporation compare | 37.7% |
| ALLY Ally Financial Inc. compare | 28.8% |
| AFRM Affirm Holdings, Inc. compare | 23.3% |
| PYPL PayPal Holdings, Inc. compare | 19.4% |
| AXP American Express Company | 17.9% |
| SOFI SoFi Technologies, Inc. compare | −157.6% |
| Credit Services industry median | 13.0% |
| Financial sector median | 15.6% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on AXP
- Revenue
- Net income
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- The full statement