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EBITDA for American Express (AXP)

According to American Express's latest reported financial statements, the company's current EBITDA (TTM) is $18.41B USD. EBITDA stands for earnings before interest, taxes, depreciation, and amortization. It is a common proxy for operating cash generation that strips out non-cash charges (depreciation and amortization) and capital structure effects (interest, taxes). Useful for comparing companies with different leverage and asset bases — see operating income and net income for fully GAAP figures.

Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

TTM (last 4 quarters)

$18.41B

YoY change

+6.9%

5Y CAGR

+21.7%

Peak year (2025)

$15.57B

Cumulative EBITDA

$234.01B

EBITDA history chart for American Express (AXP) from 1985 to 2025

EBITDA history table for American Express (AXP) from 1985 to 2025

Fiscal yearPeriod endedReportedEBITDAYoY
2025$15.57B+6.9%
2024$14.57B+19.8%
2023$12.16B+8.5%
2022$11.21B-9.5%
2021$12.38B+112.1%
2020$5.84B-39.3%
2019$9.62B+2.1%
2018$9.41B+7.6%
2017$8.75B-4.3%
2016$9.14B+1.7%
2015$8.98B-10.2%
2014$10.00B+12.3%
2013$8.91B+19.7%
2012$7.44B-5.5%
2011$7.87B+14.4%
2010$6.88B+75.9%
2009$3.91B-8.9%
2008$4.29B-32.3%
2007$6.34B+10.1%
2006$5.76B+24.7%
2005$4.62B+4.3%
2004$4.43B-10.0%
2003$4.92B+5.2%
2002$4.68B+67.6%
2001$2.79B-35.1%
2000$4.30B+24.6%
1999$3.45B+27.2%
1998$2.71B-7.6%
1997$2.94B+0.2%
1996$2.93B+14.9%
1995$2.55B+12.4%
1994$2.27B-17.1%
1993$2.74B+90.7%
1992$1.44B-5.1%
1991$1.51B+13.9%
1990$1.33B-28.6%
1989$1.86B+79.2%
1988$1.04B+94.7%
1987$533.00M-52.0%
1986$1.11B+37.0%
1985$810.00M

EBITDA values are taken from American Express's reported income 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

American Express (AXP) most recent annual EBITDA stands at $15.57B (2025) – grew 6.9% year-over-year.

Over 2020–2025 (5 years), American Express EBITDA expanded at a +21.7% compound annual rate, sustaining 3 straight years of year-over-year growth.

Across the available history, EBITDA reached its high of $15.57B in 2025 and its low of $533.00M in 1987.

Among 8 Financial Services peers, American Express (AXP) ranks 9th; the peer median for EBITDA is $27.98B.

American Express EBITDA by Year

American Express EBITDA 2025: $15.57B

American Express EBITDA in 2025 was $15.57B, grew 6.9% from 2024. This figure represents the highest annual value in the available history.

American Express EBITDA 2024: $14.57B

American Express EBITDA in 2024 was $14.57B, grew 19.8% from 2023.

American Express EBITDA 2023: $12.16B

American Express EBITDA in 2023 was $12.16B, grew 8.5% from 2022.

American Express EBITDA 2022: $11.21B

American Express EBITDA in 2022 was $11.21B, declined 9.5% below 2021.

American Express EBITDA 2021: $12.38B

American Express EBITDA in 2021 was $12.38B.

See more financial history for American Express (AXP).

Sector peers — EBITDA

Companies in the same sector as American Express, ranked by their latest EBITDA.

CompanyEBITDASector
JPMorgan Chase & Co. (JPM)$81.42BFinancial Services
Berkshire Hathaway Inc. (BRK-B)$73.02BFinancial Services
Bank of America Corporation (BAC)$40.01BFinancial Services
Wells Fargo & Company (WFC)$29.35BFinancial Services
Morgan Stanley (MS)$26.61BFinancial Services
Visa Inc. (V)$26.00BFinancial Services
The Goldman Sachs Group, Inc. (GS)$24.03BFinancial Services
Mastercard Incorporated (MA)$20.19BFinancial Services

Frequently asked questions

What is American Express's EBITDA?

Latest reported EBITDA for American Express (AXP) is $18.41B (period ending March 31, 2026).

How has American Express EBITDA changed year-over-year?

American Express (AXP) EBITDA changed +6.9% year-over-year on the latest annual filing.

What is the long-term growth rate of American Express EBITDA?

American Express (AXP) EBITDA compound annual growth rate is +21.7% over the most recent 5 years available.

When did American Express EBITDA hit its highest annual value?

American Express EBITDA reached its highest annual value of $15.57B in 2025.

What was American Express EBITDA in 2024?

American Express (AXP) EBITDA in 2024 was $14.57B.

What was American Express EBITDA in 2025?

American Express (AXP) EBITDA in 2025 was $15.57B.

Metrics overview

Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.