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American ExpressNYSE:AXP Stock Report

Last Price


Market Cap







17 Jan, 2022


Company Financials +
AXP fundamental analysis
Snowflake Score
Future Growth3/6
Past Performance5/6
Financial Health5/6

AXP Stock Overview

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide.

American Express Competitors

Capital One Financial



Discover Financial Services



Synchrony Financial






Price History & Performance

Summary of all time highs, changes and price drops for American Express
Historical stock prices
Current Share PriceUS$168.40
52 Week HighUS$189.03
52 Week LowUS$112.10
1 Month Change5.24%
3 Month Change-5.03%
1 Year Change37.86%
3 Year Change67.60%
5 Year Change121.67%
Change since IPO1,348.60%

Recent News & Updates

Dec 12
American Express (NYSE:AXP) Has Affirmed Its Dividend Of US$0.43

American Express (NYSE:AXP) Has Affirmed Its Dividend Of US$0.43

The board of American Express Company ( NYSE:AXP ) has announced that it will pay a dividend of US$0.43 per share on...

Oct 25

American Express: Volume Recovering But Costs Rising Faster In Q3

AXP stock rose 5.4% on Friday after Q3 2021 results, but we see evidence of structural issues beneath the strong headlines. Even with volumes now exceeding 2019 levels, pre-provision pre-tax income remained 28% below, and fell 3% from Q2 2021. Lower profits were due to structurally higher costs, mainly in customer engagement costs and marketing, the result of rising competition. Net Interest Income can stay weak due to lower loan balance and yield, and Buy Now Pay Later is a threat to AXP. AXP stock is now trading at more than 20x 2022 EPS, and the post-2022 EPS outlook may be cut to allow more investments. Avoid.

Shareholder Returns

AXPUS Consumer FinanceUS Market

Return vs Industry: AXP exceeded the US Consumer Finance industry which returned 18.5% over the past year.

Return vs Market: AXP exceeded the US Market which returned 13.7% over the past year.

Price Volatility

Is AXP's price volatile compared to industry and market?
AXP volatility
AXP Average Weekly Movement4.6%
Consumer Finance Industry Average Movement7.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.9%
10% least volatile stocks in US Market2.4%

Stable Share Price: AXP is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: AXP's weekly volatility (5%) has been stable over the past year.

About the Company

185063,700Steve Squeri

American Express Company, together with its subsidiaries, provides charge and credit payment card products, and travel-related services worldwide. The company operates through three segments: Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Its products and services include payment and financing products; network services; accounts payable expense management products and services; and travel and lifestyle services.

American Express Fundamentals Summary

How do American Express's earnings and revenue compare to its market cap?
AXP fundamental statistics
Market CapUS$130.44b
Earnings (TTM)US$7.65b
Revenue (TTM)US$41.17b


P/E Ratio


P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AXP income statement (TTM)
Cost of RevenueUS$11.91b
Gross ProfitUS$29.26b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 25, 2022

Earnings per share (EPS)9.88
Gross Margin71.08%
Net Profit Margin18.59%
Debt/Equity Ratio150.6%

How did AXP perform over the long term?

See historical performance and comparison



Current Dividend Yield


Payout Ratio


Is American Express undervalued compared to its fair value and its price relative to the market?


Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: AXP ($168.4) is trading below our estimate of fair value ($201.18)

Significantly Below Fair Value: AXP is trading below fair value, but not by a significant amount.

Price To Earnings Ratio

PE vs Industry: AXP is poor value based on its PE Ratio (17x) compared to the US Consumer Finance industry average (7.2x).

PE vs Market: AXP is good value based on its PE Ratio (17x) compared to the US market (17.4x).

Price to Earnings Growth Ratio

PEG Ratio: AXP is poor value based on its PEG Ratio (5.1x)

Price to Book Ratio

PB vs Industry: AXP is overvalued based on its PB Ratio (5.3x) compared to the US Consumer Finance industry average (1.4x).

Future Growth

How is American Express forecast to perform in the next 1 to 3 years based on estimates from 21 analysts?


Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: AXP's forecast earnings growth (3.3% per year) is above the savings rate (2%).

Earnings vs Market: AXP's earnings (3.3% per year) are forecast to grow slower than the US market (13% per year).

High Growth Earnings: AXP's earnings are forecast to grow, but not significantly.

Revenue vs Market: AXP's revenue (9.8% per year) is forecast to grow faster than the US market (9.3% per year).

High Growth Revenue: AXP's revenue (9.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: AXP's Return on Equity is forecast to be high in 3 years time (37.4%)

Past Performance

How has American Express performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AXP has high quality earnings.

Growing Profit Margin: AXP's current net profit margins (18.6%) are higher than last year (10.2%).

Past Earnings Growth Analysis

Earnings Trend: AXP's earnings have grown by 5.2% per year over the past 5 years.

Accelerating Growth: AXP's earnings growth over the past year (133.1%) exceeds its 5-year average (5.2% per year).

Earnings vs Industry: AXP earnings growth over the past year (133.1%) exceeded the Consumer Finance industry 122.5%.

Return on Equity

High ROE: Whilst AXP's Return on Equity (31.85%) is high, this metric is skewed due to their high level of debt.

Financial Health

How is American Express's financial position?

Financial Position Analysis

Short Term Liabilities: AXP's short term assets ($152.7B) exceed its short term liabilities ($96.3B).

Long Term Liabilities: AXP's short term assets ($152.7B) exceed its long term liabilities ($63.6B).

Debt to Equity History and Analysis

Debt Level: AXP's net debt to equity ratio (37.6%) is considered satisfactory.

Reducing Debt: AXP's debt to equity ratio has reduced from 228.2% to 150.6% over the past 5 years.

Debt Coverage: AXP's debt is well covered by operating cash flow (35.7%).

Interest Coverage: Insufficient data to determine if AXP's interest payments on its debt are well covered by EBIT.

Balance Sheet


What is American Express's current dividend yield, its reliability and sustainability?


Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AXP's dividend (1.02%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.32%).

High Dividend: AXP's dividend (1.02%) is low compared to the top 25% of dividend payers in the US market (3.44%).

Stability and Growth of Payments

Stable Dividend: AXP's dividends per share have been stable in the past 10 years.

Growing Dividend: AXP's dividend payments have increased over the past 10 years.

Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (17.9%), AXP's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: AXP's dividends in 3 years are forecast to be thoroughly covered by earnings (14.6% payout ratio).

Next Steps


How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Steve Squeri (61 yo)





Mr. Stephen Joseph Squeri, also known as Steve, has been Chairman and Chief Executive Officer at American Express Co. since February 2018. Mr. Squeri was Vice Chairman of American Express Company since Jul...

CEO Compensation Analysis

Compensation vs Market: Steve's total compensation ($USD24.22M) is above average for companies of similar size in the US market ($USD11.18M).

Compensation vs Earnings: Steve's compensation has been consistent with company performance over the past year.

Leadership Team

Experienced Management: AXP's management team is considered experienced (3.9 years average tenure).

Board Members

Experienced Board: AXP's board of directors are considered experienced (6.7 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: AXP insiders have only sold shares in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

American Express Company's employee growth, exchange listings and data sources

Key Information

  • Name: American Express Company
  • Ticker: AXP
  • Exchange: NYSE
  • Founded: 1850
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Implied Market Cap: US$130.435b
  • Shares outstanding: 774.56m
  • Website:

Number of Employees


  • American Express Company
  • 200 Vesey Street
  • New York
  • New York
  • 10285
  • United States


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/17 23:16
End of Day Share Price2022/01/14 00:00
Annual Earnings2020/12/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.