American Express Co.

American Express Co.

AXP

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Market Cap$227.07B
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Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
American Express Co.American Express Co.20.41.05%3%2.90.1

Earnings Call Q2 2026

July 24, 2026 - AI Summary

Beats + raises revenue outlook, keeps EPS guidance (capital reinvestment choice) - Q2 performance: Revenue +10% YoY; EPS $4.53 (up ~11% YoY per CFO). Pretax income +15%, net income +8% (net impacted by prior-year tax discretes). - Guidance change: Due to better-than-expected performance YTD, management raises full-year revenue growth guidance to 10% (from prior outlook). - EPS guidance unchanged: Still expects full-year EPS $17.30–$17.90. Management explicitly chose not to convert upside into higher buybacks to instead reinvest in growth initiatives (aimed at sustaining long-term ROE).
Premium strategy working: Platinum refresh driving spend/fees; credit performance better than expected - Platinum refresh timing: Management reiterated product refresh benefits show up 1–2 years after launch (engagement first, then fee/VCE economics improve as fees “kicking in”). - Demand / spend momentum: U.S. consumer spending up 11% (highest growth since Q1 2018 excluding pandemic-era impacts). Spend growth stepped up to 9% FX-adjusted in both Q1 and Q2. - Card fees strong: Net card fees grew double-digit, with net card fees up 15.4% and 32 consecutive quarters of card fee growth; 32+ quarters noted for fee growth durability. - Credit risk stability (key “good”): Delinquency and write-offs remain below 2019 levels; delinquency has been 1.2%–1.3% for 3+ years. CFO also cited CCAR stress results showing lowest projected credit card loss rate across all banks under a severely adverse scenario.
Growth composition and sustainability: mix of acquisition + engagement, not just “more spending by mature base” - On the USCS 11.4% billed growth question: management said the acceleration is primarily driven by the Platinum refresh and is a combination of: - New account acquisition, plus - Tenured card members increasing spend / consolidating spend into Platinum. - Younger customers engagement: 65% of new consumer accounts were Millennials/Gen-Z; this cohort remains the fastest-growing in U.S. consumer.

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$369.81

Target Price by Analysts

10% upsideAmerican Express Target Price DetailsTarget Price
$386.97

Current Fair Value

15.1% upside

Undervalued by 15.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$227.07 Billion
Enterprise Value$225.44 Billion
Dividend Yield$3.54 (1.05%)
Earnings per Share$15.41
Beta1.05
Outstanding Shares678,000,000

Return

Return on Equity2.71%ROE
Return on Assets2.71%
Return on Invested Capital7.64%

Valuation & Multiples

P/E Ratio20.39P/E Ratio
PEG-20.42PEG
Price to Sales2.95Price to Sales
Price to Book Ratio6.73Price to Book Ratio
Enterprise Value to Revenue2.91
Enterprise Value to EBIT9.64
Enterprise Value to Net Income27
Total Debt to Enterprise0.19
Debt to Equity0.14Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 24, 2026
EPS Estimate
$4.41
Average shareholder expectation
Revenue Estimate
$19.70 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 16, 2026
EPS Estimate
$4.64
Average shareholder expectation
Revenue Estimate
$20.11 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio5.0882 423.94%
Total Calls5,000 99.91%
Total Puts25,441 99.49%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.53% 79.75%
Total Invested$10.41B 94.04%
Investors Holding1,415 1567.00%

ESG Score

No data

About American Express Co.

CEO: Stephen Squeri

Relevant Senate Committees

Joint Committee on Taxation

This non-partisan committee provides the critical technical analysis and 'scoring' for all tax legislation, directly influencing the details and feasibility of tax laws that significantly impact American Express's corporate tax burden and financial planning.

Finance

This powerful committee directly controls tax policy (corporate tax rates, deductions), which has a significant and direct impact on American Express's profitability, capital structure, and overall corporate valuations. It also impacts trade policy affecting international operations.

Judiciary

This committee's oversight of antitrust laws is highly relevant to American Express, particularly regarding competition in the payment network industry, interchange fees, and potential mergers or acquisitions that could face scrutiny.

Banking, Housing, and Urban Affairs

This is a primary regulatory committee for American Express. It directly oversees the financial system, including consumer finance, payment networks, credit card operations, and emerging areas like cryptocurrency regulation, all central to AXP's business.

Commerce, Science, and Transportation

This committee's vast jurisdiction includes the FTC, which provides critical oversight on consumer protection, fair business practices, data privacy, and advertising standards—all highly relevant to American Express's credit card and payment operations.

Foreign Relations

As a global financial services company, American Express is directly impacted by U.S. foreign policy, sanctions legislation, and international banking access, which can restrict its ability to operate in certain markets and affect global revenue streams.