Financials · Consumer Finance · US stock · price as of 16 Oct 2026
Key indicators
Price
$313.59
52-week range
$288.37 – $383.18
Market cap
$212.9B
P/E (trailing)
18.9×
Dividend yield
1.2%
Revenue (last 12 months)
$43.1B
Revenue growth (3y a year)
6.5%
Price / book
6.2×
Return on equity
33.4%
Fair value
Blended fair value$98.30 book-value models
Versus priceOvervalued−69% to fair value
Excess-return model (banks, insurers)
$74.68
Price / book vs return on equity
$133.73
Model uncertainty
Medium
X-Ray Score
52/ 100 · Medium confidence · ahead of 59% of sector peers
Valuation34
Growth49
Profitability67
Financial health53
Dividends62
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
American Express operates a global payments network and issues charge and credit cards to consumers, small businesses and large corporations. It earns money from discount fees charged to merchants, annual card fees, interest on balances that customers carry, and fees tied to its travel and rewards services. Because it both issues cards and runs the network, it keeps a close relationship with its card members and also bears credit risk.
The company reported trailing revenue of $43.1 billion and three-year growth of 6.5% a year. Profitability figures show an operating margin of 34.3% and a return on invested capital of 24%. The dividend yield is 1.2%. These figures describe past results and the present financial position only.
StocksXray gives American Express Co an X-Ray Score of 52 out of 100 (medium confidence), ahead of 59% of the S&P 500 stocks in its sector. Its strongest lens is profitability (67) and its weakest is valuation (34).
Our fair value blend is $98.30. At $313.59 the stock trades 219% above that blend, so the label is "Overvalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
American Express Co (AXP)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$153.86
$140.76
$181.11
$290.36
$365.83
$313.59
Market cap
$121.5B
$105.9B
$133.3B
$207.0B
$254.6B
$212.9B
P/E
15.4×
14.3×
16.2×
20.7×
23.8×
18.9×
Price / book
5.5×
4.3×
4.8×
6.8×
7.6×
6.2×
Dividend yield
1.12%
1.48%
1.33%
0.96%
0.90%
1.17%
Fundamentals checklist ● 2 Good · ● 4 Average · ● 1 Bad · each check graded against the sector
Risk models
Piotroski F-Score6 of 9Average
Growth
EPS growth (3y)16.0%Average
Revenue growth (3y)6.5%Average
Growth consistency100%Good
Valuation
Fair value vs price0.3×Bad
Profitability
Return on invested capital24.0%Good
Operating margin34.3%Average
XStocksXray
American Express Co (AXP)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
27,716
34,219
37,218
38,825
41,304
43,086
Net income
8,060
7,514
8,374
10,129
10,833
11,445
Diluted EPS ($)
10.02
9.85
11.21
14.01
15.38
16.62
Net margin
29.1%
22.0%
22.5%
26.1%
26.2%
26.6%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
189,000
228,354
261,108
271,461
300,052
308,203
Cash
21,503
33,370
46,596
40,640
47,792
45,243
Total debt
40,918
43,921
49,159
51,089
57,758
59,049
Equity
22,177
24,711
28,057
30,264
33,474
34,280
Dividend per share ($)
1.72
2.08
2.40
2.80
3.28
3.54
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.