American Express Co. income statement & cash flow
In the fiscal year ended Dec 31, 2025, American Express Co. reported net income of $10.83B on revenue of $41.30B. Operating cash flow was $18.43B and capital expenditures were $2.42B, leaving $16.00B of free cash flow (operating cash flow minus capital expenditures).
Income statement and cash flow summary
| Fiscal year ended | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $24.23B | $24.78B | $26.61B | $28.16B | $21.97B | $27.72B | $34.22B | $37.22B | $38.83B | $41.30B |
| Net income | $5.38B | $2.75B | $6.92B | $6.76B | $3.13B | $8.06B | $7.51B | $8.37B | $10.13B | $10.83B |
| Diluted EPS | — | — | — | $7.99 | $3.77 | $10.02 | $9.85 | $11.21 | $14.01 | $15.38 |
| Operating cash flow | $8.29B | $13.54B | $8.93B | $13.63B | $5.59B | $14.64B | $21.08B | $18.56B | $14.05B | $18.43B |
| Capital expenditures | $1.38B | $1.06B | $1.31B | $1.65B | $1.48B | $1.55B | $1.85B | $1.56B | $1.91B | $2.42B |
| Reported in | 10-K 2019 | 10-K 2020 | 10-K 2021 | 10-K 2022 | 10-K 2023 | 10-K 2024 | 10-K 2025 | 10-K 2026 | 10-K 2026 | 10-K 2026 |
Margins
Each figure divided by revenue for the same fiscal year.
| Fiscal year ended | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| Dec 2025 | — | — | 26.2% |
| Dec 2024 | — | — | 26.1% |
| Dec 2023 | — | — | 22.5% |
| Dec 2022 | — | — | 22.0% |
| Dec 2021 | — | — | 29.1% |
Source: SEC EDGAR XBRL company facts for CIK 4962 (raw data). Most recent filing in this dataset: 10-Q filed Oct 23, 2026. SEC data file dated Nov 3, 2026; page built Nov 5, 2026. Figures are as most recently reported, including restatements. How we select figures.