AXP

AMERICAN EXPRESS CO

Ticker: AXPFinancialsFinance ServicesS&P 500
HQ NEW YORK, NYCIK 4962FY end 12-31Book / share $50.26Shares 682M
Revenue (FY)
$72.23B+9.52%
TTM $75.95B
Op. margin
19.10%-0.45%
TTM 19.44%
Net income
$10.83B+6.95%
TTM $11.45B
Operating cash
$18.43B+31.16%
TTM $18.48B
Free cash flow
$16.00B+31.83%
TTM $15.05B
Return on equity
32.36%-1.11%
TTM 33.39%
Debt / equity
6.28-0.01%
TTM 1.72
Shares outstanding
696.0M-2.38%
TTM 682.0M

The business

American Express Company (NYSE: AXP) operates as a global payments and premium lifestyle brand powered by technology, headquartered in New York and founded in 1850. The company maintains its website at americanexpress.com and employs approximately 76,800 colleagues worldwide, with roughly 25,900 in the United States and 50,900 internationally.

American Express functions through four primary reportable operating segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services, with corporate functions and other businesses included in Corporate & Other. The company's integrated payments platform connects card issuers, merchants, and cardholders, distinguishing it from traditional bankcard networks through direct relationships at both ends of transactions and proprietary data analytics capabilities.

The company's core business encompasses credit and charge card issuance, merchant acquiring and processing, card network operations, and complementary financial services. As of December 31, 2025, American Express had 86.6 million proprietary cards-in-force worldwide and processed 1,670 billion dollars in worldwide billed business. The company also facilitated 227.2 billion dollars in worldwide processed volume through third-party card issuers and alternative payment solutions, with 66.2 million cards-in-force issued by third parties globally.

American Express offers a comprehensive suite of products including general-purpose credit and charge cards, banking products such as high-yield savings and business checking accounts, consumer installment loans, non-card B2B payment solutions, and expense management capabilities. The company operates a global card network spanning approximately 110 countries and territories through relationships with third-party banks and institutions. Notable brands and services include Membership Rewards, Amex Offers, Resy and Tock dining platforms, and Fine Hotels and Resorts.

The company's business model emphasizes premium, high-spending customers and generates revenues primarily through spending on cards, supplemented by finance charges and fees. Strategic partnerships with major corporations including Delta Air Lines, Marriott International, and others enhance the member value proposition. American Express maintains significant competitive advantages through its integrated platform, premium brand positioning, direct customer relationships, and proprietary data analytics capabilities that support fraud prevention and risk underwriting.

Sector
Financials
Industry
Finance Services
HQ
NEW YORK, NY
FY end
12-31
CIK
4962
SIC
6199
Financial performance · annual
20132025
$-7.59B$15.19B$37.98B$60.76B$83.55B2013201420152016201720182019202020212022202320242025TTMTTMTTM

Ownership

Who holds AMERICAN EXPRESS CO — across funds, superinvestors and bonds · N-PORT 2026Q2 · 13F 2026-06-30

1.0K
funds hold it
9 of 35
superinvestors hold it
$49.31B
fund-held value
22.0%
of shares held by funds
42
bond issues held by funds

Top fund holders

Fund% of fundValue
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.26%$5.86B
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.28%$4.66B
iShares Core S&P 500 ETF
IVV · iShares Trust
0.28%$2.48B
State Street(R) SPDR(R) S&P 500(R) ETF Trust
SPY
0.28%$2.18B
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.26%$2.17B

Superinvestors in AMERICAN EXPRESS CO

Warren BuffettUNCHANGED
Berkshire Hathaway
17.1%
Bill SmeadDECREASED -5.6%
Smead Capital Management
4.1%
Tom GaynerUNCHANGED
Markel Group (Markel-Gayner)
1.3%

Share of each manager's reported 13F portfolio.

Bonds held by funds

Funds report holding 42 issues of AMERICAN EXPRESS CO's debt, $7.60B at fund-held market value — what funds hold, not the company's debt outstanding. Weighted-average coupon 4.51%, maturing 20262042.

IssueCouponMaturesFundsFund-held
AMERICAN EXPRESS CO 4.444%/VAR 05/03/20304.444%Variable2030-05-03100$445.74M
American Express Co4.804%Variable2036-10-24121$428.72M
American Express Co4.918%Variable2033-07-20124$384.35M
AMERICAN EXPRESS CO 4.731%/VAR 04/25/20294.731%Variable2029-04-25105$381.84M
American Express Co5.667%Variable2036-04-2594$352.48M
AXP V5.442 01/30/365.442%2036-01-3098$349.82M
American Express Co4.009%2029-02-0962$320.08M
AMERICAN EXPRESS CO 4.351%/VAR 07/20/20294.351%Variable2029-07-2084$301.09M
American Express Co5.284%2035-07-2677$288.82M
American Express Co.5.016%Variable2031-04-2575$263.34M

The 10 largest by fund-held value, of 42.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

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15 years of statements, narrative and filings — queryable over MCP.

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15 years of AMERICAN EXPRESS CO's financials

Income statement, balance sheet and cash flow across 15 years, every filing with its disclosures, and each number traceable to the filing it came from — free with an account, no card required.

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