American Express Company (AXP)

NYSE: AXP · USD

$319

+5.60 (+1.8%)· Recorded snapshot

영어 원본으로 대체KO

번역하는 동안 영어 원본을 표시 중

이 리포트는 아직 번역되지 않았습니다. 번역 대기열이 따라잡으면 몇 분 후에 새로고침하세요.

StockMarketAgent Research · Analyzed 2026-09-08

Our latest published analysis: AXP rated Sell

American Express Company's published Sell conclusion compares the analysis-date price with fair value and potential value. Read the full report for assumptions, evidence, and material risks.

Fair value

$164 / share

Potential value

$239 / share

Upside to FV

-49.8%

from $319

Moat

6/10

Narrow

Read full analysis →View archive · 24mo

9-phase methodology · same model in each published edition

Market cap	$220.3B
Revenue (ttm)	72.9B
Net income (ttm)	12.1B
EPS (ttm)	$17.7
Shares out	670.6M
P/E (trailing)	18.0x
P/E (forward)	16.4x
Dividend	$3.80 (1.19%)
Volume	1,549,675
Beta	1.08

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 72.9B
Net income (ttm): 12.1B
EPS (ttm): $17.7
P/E (trailing): 18.0x
P/E (forward): 16.4x
Market cap: $220.3B

Item	P1	P2	P3	P4	P5	Trend
Period	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31	Trend
Revenue	$27.72B	$34.22B	$37.22B	$38.83B	$41.30B	+10.5%
Gross profit	$44.57B	$50.68B	$55.59B	$60.76B	$66.97B	+10.7%
Operating income	$10.69B	$9.59B	$10.51B	$12.90B	$13.80B	+6.6%
Net income	$8.06B	$7.51B	$8.37B	$10.13B	$10.83B	+7.7%
EPS (diluted)	$10.02	$9.85	$11.21	$14.01	$15.38	+11.3%
EBITDA	$12.38B	$11.21B	$12.16B	$14.57B	$15.57B	+5.9%
R&D	$0	$0	$0	—	—	-18.4%
SG&A	$6.24B	$7.25B	$8.07B	$8.20B	$9.02B	+9.6%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
ACGL	Arch Capital Group Ltd.	34.8B	8.3x	1.8x	15.9%	+15.1%	+18.7%	적극 매수
AIG	American International Group Inc.	41.7B	14.7x	1.6x	7.7%	-9.6%	+2.8%	적극 매수
AIZ	Assurant, Inc.	14.1B	13.6x	1.0x	14.4%	+6.6%	+36.2%	보유
AJG	Arthur J. Gallagher & Co.	66.7B	43.2x	4.4x	6.6%	+15.3%	-5.7%	매수
ALL	The Allstate Corporation	63.2B	5.0x	0.9x	32.6%	+8.5%	+31.8%	적극 매수
AMP	Ameriprise Financial, Inc.	43.1B	11.8x	2.2x	43.0%	+8.9%	+1.1%	매수

Base and Bull scenarios

Base55%

Price target

$163.91

-49.7% from spot

The base path relies on the unchanged post-event FY2026 and FY2027 EPS estimates, with share retirement remaining conditional. A break in earnings visibility or net share retirement would disconfirm it.

FY2026-FY2027 estimates hold, followed by fading growth and modestly lower operating economics.

Bull20%

Price target

$238.67

-26.8% from spot

Upside persists if integrated premium experiences improve engagement and merchant relevance beyond FY2027. It fades if growth becomes narrow or investment absorbs the revenue benefit.

Bull assumption: growth remains broad across consumer, commercial, international and merchant/network activities, while the share count keeps declining.

Sensitivity: Ke × terminal growth

The highlighted cell is Fair value when every assumption sits at its base level ($163.91). Each row and column shows what Fair value becomes when one assumption moves.

Ke ↓ / g →	1.5%	2.0%	2.5%	3.0%	3.5%
7.0%	$190	$199	$209	$223	$240
8.0%	$170	$176	$183	$192	$202
9.0%	$155	$159	$164	$170	$176
10.0%	$142	$146	$149	$153	$158
11.0%	$132	$135	$137	$141	$144

Scorecard

Published factor rows and weighted composite

Calendar

Next earnings

Upcoming earnings date and setup when available.

Upcoming

DateLoading

Window—

EPS estimate—

Revenue estimate—

Sector percentile context

Refreshed 2026-10-28 19:55 UTC

Forward P/E16.5

P25 n/aP50 n/aP75 n/a

Trailing P/E19.8

P25 n/aP50 n/aP75 n/a

ROE35.9

P25 n/aP50 n/aP75 n/a

ROIC11.8

P25 n/aP50 n/aP75 n/a

Benchmarks · 1M

All AXP indicators

Market & fundamental data

Available fields

270

Groups with data

Currency

USD

Showing 270 of 270 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Amount currency	USD
CIK code	0000004962
Company name	American Express Company
Country	United States
Country code	US
CUSIP number	025816109
Earnings date	2026-10-23
Earnings time	bmo
Employees	76,800
Employees change	1,700
Employees growth	2.26%
Enterprise value	$230.1B
Exchange	NYSE
Financial currency	USD
Financial report date	2026-09-30
First seen	2026-05-09
Fiscal year end	December
Founded	1850
In index	SP500, DOW30
Industry	Credit Services
Is primary listing	Yes
Is SPAC	No
ISIN number	US0258161092
Last 10-K release date	2026-02-06
Last earnings date	2026-10-23
Last refreshed	2026-10-28
Last stock split date	2000-05-11
Last stock split type	Forward
Market cap	$213.6B
Market cap category	Mega-Cap
Next earnings date	2027-01-29
Options	Yes
Price	$318.52
Price currency	USD
Sector	Financials
SIC code	6199
Stock price date	2026-10-28
Symbol	AXP
U.S. state	New York
Website	https://www.americanexpress.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Adjusted P/E ratio	18.71x
Average P/E ratio (10Y)	18.77x
Average P/E ratio (3Y)	19.66x
Average P/E ratio (5Y)	18.06x
Earnings yield	5.57%
EV/Earnings	18.93x
EV/FCF	16.46x
EV/Sales	3.14x
FCF / EV yield	6.08%
FCF yield	6.55%
Forward EV/Sales	2.7x
Forward P/E	16.38x
Forward P/S	2.51x
Graham number	145.89639
Graham upside	-53.94%
Industry forward P/E	19.57x
Industry P/E	22.74x
Lynch fair value	$169.94
Lynch upside	-46.35%
P/(FCF - SBC) ratio	16x
P/(OCF - SBC) ratio	12.5x
P/B ratio	5.87x
P/E ratio	17.96x
P/FCF ratio	15.27x
P/OCF ratio	12.05x
P/S ratio	2.92x
PEG ratio	1.27x
Price / tangible book value	5.93x
Sector forward P/E	13.61x
Sector P/E	15.65x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
Effective tax rate	20.78%
FCF margin	19.09%
Gross margin	61.95%
Operating margin	19.36%
Pretax margin	21.23%
Profit margin	16.82%
Profit per employee	$157,448
Profitable quarters	35
Profitable years	35
Revenue per employee	$948,594
ROA	4.03%
ROA (5Y)	3.77%
ROE	35.93%
ROE (5Y)	33.64%
ROIC	11.81%
ROIC (5Y)	11.19%
SBC / revenue	0.87%
Tax / revenue	4.41%

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
EPS growth	19.2%
EPS growth (Q)	30.92%
EPS growth (QoQ)	19.65%
EPS growth 10Y	12.16%
EPS growth 3Y	18.49%
EPS growth 5Y	13.12%
EPS growth quarters	5
EPS growth years	3
FCF growth	-26.56%
FCF growth (Q)	-20.46%
FCF growth (QoQ)	-0.78%
FCF growth 3Y	-9.19%
FCF growth 5Y	3.73%
Net income growth	16.27%
Net income growth (Q)	27.91%
Net income growth (QoQ)	18.67%
Net income growth 3Y	15.27%
Net income growth 5Y	9.58%
Net income growth quarters	5
Net income growth years	3
OCF growth	-16.62%
OCF growth (Q)	-13.62%
OCF growth (QoQ)	0.24%
OCF growth 10Y	8.58%
OCF growth 3Y	-4.48%
OCF growth 5Y	6.06%
Operating income growth	5.07%
Operating income growth (Q)	-6.98%
Operating income growth 3Y	10.95%
Operating income growth 5Y	8.16%
Revenue growth	11.58%
Revenue growth (Q)	11.31%
Revenue growth (QoQ)	2.82%
Revenue growth 10Y	9.12%
Revenue growth 3Y	10.24%
Revenue growth 5Y	12.09%
Revenue growth quarters	23
Revenue growth years	5

Financial statements

Income-statement and cash-flow amounts, totals and per share.

Metric	Value
Capital expenditures	$-3.7B
Depreciation and amortization	$1.9B
EPS	$17.73
FCF per share	$20.74
Financing cash flow	$-2.5B
Free cash flow	$13.9B
Free cash flow minus SBC	$13.3B
Gross profit	$45.1B
Income taxes	$3.2B
Investing cash flow	$-26.8B
Net borrowing	$1.6B
Net cash flow	$-11.5B
Net income	$12.1B
Operating cash flow minus SBC	$17B
Operating income	$14.1B
Revenue	$72.9B
Stock-based compensation	$636M

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Book value per share	$53.35
Debt / equity	1.68
Debt / FCF	4.31
Net cash (debt)	$-16.5B
Net cash / market cap	-7.78%
Net debt / equity	0.46
Net debt / FCF	1.19
Piotroski F-Score	5
Property, plant and equipment	$8.1B
Shareholders' equity	$35.8B
Tangible book value	$35.8B
Tangible book value per share	$53.35
Total assets	$310.3B
Total cash	$43.5B
Total debt	$60B
Total liabilities	$274.5B
WACC	7.97%

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Asset turnover	0.24
Current ratio	1.58
Quick ratio	1.58
Working capital	$99.2B
Working capital turnover	0.73

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback yield / dilution	2.43%
Dividend growth	16.14%
Dividend growth (10Y)	11.92%
Dividend growth (3Y)	16.52%
Dividend growth (5Y)	16.37%
Dividend growth years	4
Dividend payment date	2026-11-10
Dividend payment years	56
Dividend payout frequency	Quarterly
Dividend per share	$3.80
Dividend yield	1.19%
Ex-dividend date	2026-10-09
FCF payout ratio	17.69%
Last dividend	$0.95
Payout ratio	20.7%
Shareholder yield	3.63%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
10Y price change	375.86%
10Y return CAGR	18.48%
10Y total return	444.99%
150-day SMA	$324.40
15Y price change	511.78%
15Y return CAGR	14.39%
15Y total return	651.81%
1D price change	1.79%
1M price change	3.11%
1M total return	3.43%
1W price change	0.05%
1W total return	0.05%
1Y price change	-11.94%
1Y return CAGR	-10.95%
1Y total return	-10.95%
20-day SMA	$311.65
200-day SMA	$326.44
20Y price change	456.12%
20Y return CAGR	10.61%
20Y total return	651.76%
3M price change	-5.04%
3M total return	-4.75%
3Y price change	125.38%
3Y return CAGR	32.59%
3Y total return	133.14%
50-day SMA	$317.78
50-day SMA vs 200-day SMA	50under200
52-week high	$387.49
52-week high date	2025-12-12
52-week low	$290.97
52-week low date	2026-03-20
5Y price change	78.9%
5Y return CAGR	13.73%
5Y total return	90.22%
6M price change	-0.11%
6M total return	0.47%
All-time high	$387.49
All-time high date	2025-12-12
All-time low	$1.48
All-time low date	1974-10-03
Average true range (ATR)	$6.29
Average volume	3.1M
Beta (1Y)	0.9
Beta (2Y)	1.22
Beta (5Y)	1.08
Change from 52-week high	-17.8%
Change from 52-week low	9.47%
Change from all-time high	-17.81%
Change from all-time low	21,434.14%
Change from open	1.77%
Day's gap	0.03%
Dollar volume	$493.6M
High price	$318.79
Low price	$312.99
Monthly RSI	53.92
Open price	$312.99
Position in 52-week range	95.34%
Premarket change	-0.37%
Premarket close	$312.91
Premarket price	$311.76
Premarket volume	7.4K
Previous close	$312.91
Price vs 150-day SMA	-1.82%
Price vs 20-day SMA	2.2%
Price vs 200-day SMA	-2.44%
Price vs 50-day SMA	0.23%
Relative volume	0.51
RSI	54.4
Sharpe ratio	-0.48
Sharpe ratio (3Y)	1
Sharpe ratio (5Y)	0.44
Sortino ratio	-0.41
Sortino ratio (3Y)	1.68
Sortino ratio (5Y)	0.84
Volume	1.5M
Weekly RSI	47.48
YTD price change	-13.91%
YTD total return	-12.94%

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	517.5M
Float percentage	77.17%
Shares change (QoQ)	-0.74%
Shares change (YoY)	-2.43%
Shares held by insiders	0.12%
Shares held by institutions	65.37%
Shares outstanding	670.6M
Short % of float	2.09%
Short % of shares	1.61%
Short ratio	3.4 days

Other indicators

Additional ticker metrics that do not fit the primary research groupings.

Metric	Value
Page views	304

Deeper analysis on AXP

14 sections in the full report · jump straight to what you need

Forecast

Base and Bull forecast paths with report-date return framing.

→

Valuation

Fair-value bridge, DCF, owner earnings, and peer multiples.

→

Sensitivity

Cost-of-equity and terminal-growth stress table.

→

Risks

Kill scenarios, soft-pass flags, and downside catalysts.

→

Earnings

Next earnings setup and beat / inline / miss thresholds.

→

Position sizing

Entry, exit, conviction, and quarterly monitoring rules.

→

Financials

Revenue, margins, cash flow, and balance-sheet context.

→

Peers

Relative valuation and profitability against the cohort.

→

Moat

Economic-profit evidence and competitive advantage risk.

→

Industry cycle

Sector phase, capital cycle, and secular tailwinds.

→

Quote this valuation with its source: Fair value, Potential value and the price at analysis.

Frequently asked questions

About this AXP report

What is the latest published AXP stock rating?

American Express Company is shown with Sell in the latest published report, analyzed 2026-09-08. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full AXP analysis?

The full latest published report, analyzed 2026-09-08, lives at /stocks/AXP/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair value is used for AXP?

The latest published report analyzed 2026-09-08 gives AXP a fair value of USD 164 and a potential value of USD 239. These are dated research outputs, not live market prices; review the valuation assumptions, sensitivity analysis, and material risks before making a decision.

How often is the AXP page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-09-08). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

SellAXP · Fair value $164-49.8%

Read full analysis →

American Express Company (AXP)

Our latest published analysis: AXP rated Sell

Price

Financial snapshot

Fair-value bridge

Latest news · AXP

Valuation

Profitability

Balance sheet

Trading

Base and Bull scenarios

Sensitivity: Ke × terminal growth

Scorecard

Next earnings

Sector percentile context

All AXP indicators

Profile and market data

Valuation

Profitability

Growth

Financial statements

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Ownership and float

Other indicators

Deeper analysis on AXP

Frequently asked questions

등급 이력

Category	Score	Reading
Valuation	1.5
Management	6.5
Balance Sheet	4.5
Profitability	7.5
Revenue Growth	6.0
Risk Assessment	6.0
Competitive Moat	6.0
Earnings Quality	8.0
Capital Efficiency	5.0