Latest period
$3.14B
YoY change
+26.9%
5Y CAGR
+10.4%
Peak year (2025)
$2.42B
Cumulative CapEx
$38.69B
CapEx history chart for American Express (AXP) from 1989 to 2025
Latest: $2.42B
CapEx growth chart for American Express (AXP) from 1989 to 2025
Latest: +26.9%
CapEx history table for American Express (AXP) from 1989 to 2025
| 2025 | $2.42B | +26.9% | +$514.00M | ||
| 2024 | $1.91B | +22.3% | +$348.00M | ||
| 2023 | $1.56B | -15.7% | −$292.00M | ||
| 2022 | $1.85B | +19.7% | +$305.00M | ||
| 2021 | $1.55B | +4.9% | +$72.00M | ||
| 2020 | $1.48B | -10.2% | −$167.00M | ||
| 2019 | $1.65B | +25.6% | +$335.00M | ||
| 2018 | $1.31B | +23.4% | +$248.00M | ||
| 2017 | $1.06B | -22.8% | −$313.00M | ||
| 2016 | $1.38B | +2.5% | +$34.00M | ||
| 2015 | $1.34B | +12.2% | +$146.00M | ||
| 2014 | $1.20B | +18.8% | +$189.00M | ||
| 2013 | $1.01B | -4.5% | −$47.00M | ||
| 2012 | $1.05B | -11.4% | −$136.00M | ||
| 2011 | $1.19B | +34.0% | +$302.00M | ||
| 2010 | $887.00M | +14.9% | +$115.00M | ||
| 2009 | $772.00M | -21.0% | −$205.00M | ||
| 2008 | $977.00M | +4.2% | +$39.00M | ||
| 2007 | $938.00M | +8.9% | +$77.00M | ||
| 2006 | $861.00M | +41.6% | +$253.00M | ||
| 2005 | $608.00M | -17.8% | −$132.00M | ||
| 2004 | $740.00M | -27.5% | −$281.00M | ||
| 2003 | $1.02B | +52.4% | +$351.00M | ||
| 2002 | $670.00M | -22.0% | −$189.00M | ||
| 2001 | $859.00M | -6.5% | −$60.00M | ||
| 2000 | $919.00M | +12.2% | +$100.00M | ||
| 1999 | $819.00M | -5.0% | −$43.00M | ||
| 1998 | $862.00M | +151.3% | +$519.00M | ||
| 1997 | $343.00M | -21.7% | −$95.00M | ||
| 1996 | $438.00M | +26.2% | +$91.00M | ||
| 1995 | $347.00M | +4.2% | +$14.00M | ||
| 1994 | $333.00M | +16.4% | +$47.00M | ||
| 1993 | $286.00M | -49.8% | −$284.00M | ||
| 1992 | $570.00M | -13.1% | −$86.00M | ||
| 1991 | $656.00M | -8.8% | −$63.00M | ||
| 1990 | $719.00M | -25.3% | −$243.00M | ||
| 1989 | $962.00M | — | — |
- 2025$2.42B+26.9%
- 2024$1.91B+22.3%
- 2023$1.56B-15.7%
- 2022$1.85B+19.7%
- 2021$1.55B+4.9%
- 2020$1.48B-10.2%
- 2019$1.65B+25.6%
- 2018$1.31B+23.4%
- 2017$1.06B-22.8%
- 2016$1.38B+2.5%
- 2015$1.34B+12.2%
- 2014$1.20B+18.8%
- 2013$1.01B-4.5%
- 2012$1.05B-11.4%
- 2011$1.19B+34.0%
- 2010$887.00M+14.9%
- 2009$772.00M-21.0%
- 2008$977.00M+4.2%
- 2007$938.00M+8.9%
- 2006$861.00M+41.6%
- 2005$608.00M-17.8%
- 2004$740.00M-27.5%
- 2003$1.02B+52.4%
- 2002$670.00M-22.0%
- 2001$859.00M-6.5%
- 2000$919.00M+12.2%
- 1999$819.00M-5.0%
- 1998$862.00M+151.3%
- 1997$343.00M-21.7%
- 1996$438.00M+26.2%
- 1995$347.00M+4.2%
- 1994$333.00M+16.4%
- 1993$286.00M-49.8%
- 1992$570.00M-13.1%
- 1991$656.00M-8.8%
- 1990$719.00M-25.3%
- 1989$962.00M—
CapEx values are taken from American Express's reported cash flow statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About CapEx at American Express (AXP)
According to American Express's latest reported financial statements, the company's current CapEx (TTM) is $3.14B. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, American Express (AXP) reported CapEx of $2.42B – grew 26.9% year-over-year.
Through 2020–2025 (5 years), American Express CapEx delivered a +10.4% annualised rate; sustaining 2 straight years of year-over-year growth.
The record annual CapEx stands at $2.42B, reached in 2025; the historical low of $286.00M was recorded in 1993.
American Express Capital Expenditures by Year
American Express Capital Expenditures 2025: $2.42B
American Express posted CapEx of $2.42B in 2025, grew 26.9% from 2024. This figure represents the highest annual value in the available history.
American Express Capital Expenditures 2024: $1.91B
In 2024, American Express reported CapEx of $1.91B, grew 22.3% from 2023.
American Express Capital Expenditures 2023: $1.56B
American Express CapEx in 2023 was $1.56B, declined 15.7% below 2022.
American Express Capital Expenditures 2022: $1.85B
2022's CapEx for American Express came in at $1.85B, grew 19.7% from 2021.
American Express Capital Expenditures 2021: $1.55B
American Express CapEx in 2021 was $1.55B.
See more financial history for American Express (AXP).
Sector peers by CapEx
Financial Services peers of American Express (AXP), ranked by their latest CapEx
| $20.93B | |
| $2.90B | |
| $2.06B | |
| $1.48B | |
| $489.00M | |
| $0.00 | |
| $0.00 | |
| $0.00 |
- $20.93B
- $2.90B
- $2.06B
- $1.48B
- $489.00M
- $0.00
- $0.00
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