Capital Expenditures for American Express (AXP)
According to American Express's latest reported financial statements, the company's current capital expenditures (TTM) is $3.14B USD. 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 .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$3.14B
YoY change
+26.9%
5Y CAGR
+10.4%
Peak year (2025)
$2.42B
Cumulative capital expenditures
$37.55B
CapEx history chart for American Express (AXP) from 1989 to 2025
CapEx history table for American Express (AXP) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 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 (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, American Express (AXP) reported capital expenditures of $2.42B – grew 26.9% year-over-year.
Through 2020–2025 (5 years), American Express capital expenditures delivered a +10.4% annualised rate; sustaining 2 straight years of year-over-year growth.
The dataset's maximum capital expenditures sits at $2.42B (2025); the minimum reading of $286.00M dates to 1993.
Among 8 Financial Services peers, American Express (AXP) ranks 3rd; the peer median for capital expenditures is $985.50M.
American Express Capital Expenditures by Year
American Express Capital Expenditures 2025: $2.42B
American Express capital expenditures in 2025 was $2.42B, grew 26.9% from 2024. This figure represents the highest annual value in the available history.
American Express Capital Expenditures 2024: $1.91B
American Express capital expenditures in 2024 was $1.91B, grew 22.3% from 2023.
American Express Capital Expenditures 2023: $1.56B
American Express capital expenditures in 2023 was $1.56B, declined 15.7% below 2022.
American Express Capital Expenditures 2022: $1.85B
American Express capital expenditures in 2022 was $1.85B, grew 19.7% from 2021.
American Express Capital Expenditures 2021: $1.55B
American Express capital expenditures in 2021 was $1.55B.
See more financial history for American Express (AXP).
Sector peers — CapEx
Companies in the same sector as American Express, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Visa Inc. (V) | $1.48B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is American Express's capital expenditures?
- Latest reported capital expenditures for American Express (AXP) is $3.14B (period ending March 31, 2026).
How has American Express capital expenditures changed year-over-year?
- American Express (AXP) capital expenditures changed +26.9% year-over-year on the latest annual filing.
What is the long-term growth rate of American Express capital expenditures?
- American Express (AXP) capital expenditures compound annual growth rate is +10.4% over the most recent 5 years available.
When did American Express capital expenditures hit its highest annual value?
- American Express capital expenditures reached its highest annual value of $2.42B in 2025.
What was American Express capital expenditures in 2024?
- American Express (AXP) capital expenditures in 2024 was $1.91B.
What was American Express capital expenditures in 2025?
- American Express (AXP) capital expenditures in 2025 was $2.42B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
Explore more
AXP Overview
Company profile, financial tools, and key metrics
AXP Revenue Counter
Earns $2,613 every second. See per minute, hour, and day.
AXP Earnings Counter
Earns $355.78 per second net profit. See per minute, hour, and day.
AXP Economic Scale
Exceeds Ghana's GDP. Compare with world economies.
AXP What If Invested
What if you had invested $1,000? See historical returns from any date.
AXP How It Makes Money
Discover visual breakdown of $82.41B in revenue — where it comes from and where it goes.
AXP Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
AXP Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
AXP Daily Price Character
Balanced · 47.6% historical win rate (green days). Streaks & record days.
AXP Buybacks
3.14% TTM buyback yield. Shareholder yield & SBC comparison.
AXP Stock Split History
6 splits on record. Dates, ratios, and cumulative multiple.
AXP Dividend Profile
Yield: 1.08%. Safety: 6/8. See full history.
AXP Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
AXP Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.