Latest period
$15.1B
YoY change
+31.8%
5Y CAGR
+31.2%
Peak year (FY2022)
$19.2B
Latest annual
$16B
Free Cash Flow history chart for American Express (AXP) from 2016 to 2025
Latest: $16B
Free Cash Flow growth chart for American Express (AXP) from 2016 to 2025
Latest: +31.8%
Free Cash Flow history table for American Express (AXP) from 1989 to 2025
| FY2025 | $16B | +31.8% | +$3.86B | ||
| FY2024 | $12.1B | -28.6% | -$4.86B | ||
| FY2023 | $17B | -11.6% | -$2.23B | ||
| FY2022 | $19.2B | +46.8% | +$6.13B | ||
| FY2021 | $13.1B | +218.4% | +$8.98B | ||
| FY2020 | $4.11B | -65.7% | -$7.87B | ||
| FY2019 | $12B | +57.3% | +$4.37B | ||
| FY2018 | $7.62B | -38.9% | -$4.86B | ||
| FY2017 | $12.5B | +82.2% | +$5.63B | ||
| FY2016 | $6.85B | -28.9% | -$2.78B | ||
| FY2015 | $9.63B | -1.7% | -$164M | ||
| FY2014 | $9.8B | +29.9% | +$2.25B | ||
| FY2013 | $7.54B | +25.1% | +$1.51B | ||
| FY2012 | $6.03B | -35.1% | -$3.26B | ||
| FY2011 | $9.29B | +10.5% | +$885M | ||
| FY2010 | $8.4B | +49.7% | +$2.79B | ||
| FY2009 | $5.61B | -27.0% | -$2.08B | ||
| FY2008 | $7.69B | +1.9% | +$143M | ||
| FY2007 | $7.55B | -7.3% | -$598M | ||
| FY2006 | $8.14B | +9.5% | +$707M | ||
| FY2005 | $7.44B | -11.5% | -$966M | ||
| FY2004 | $8.4B | +453.9% | +$6.89B | ||
| FY2003 | $1.52B | -81.0% | -$6.49B | ||
| FY2002 | $8B | +79.3% | +$3.54B | ||
| FY2001 | $4.47B | -17.8% | -$969M | ||
| FY2000 | $5.43B | -17.2% | -$1.13B | ||
| FY1999 | $6.57B | +84.9% | +$3.02B | ||
| FY1998 | $3.55B | -26.4% | -$1.28B | ||
| FY1997 | $4.83B | +7.2% | +$326M | ||
| FY1996 | $4.5B | +66.3% | +$1.79B | ||
| FY1995 | $2.71B | +82.8% | +$1.23B | ||
| FY1994 | $1.48B | +1066.1% | +$1.35B | ||
| FY1993 | $127M | -107.8% | +$1.76B | ||
| FY1992 | -$1.63B | +555.4% | -$1.38B | ||
| FY1991 | -$249M | -106.4% | -$4.11B | ||
| FY1990 | $3.87B | -22.9% | -$1.15B | ||
| FY1989 | $5.01B | — | — |
- FY2025$16B+31.8%
- FY2024$12.1B-28.6%
- FY2023$17B-11.6%
- FY2022$19.2B+46.8%
- FY2021$13.1B+218.4%
- FY2020$4.11B-65.7%
- FY2019$12B+57.3%
- FY2018$7.62B-38.9%
- FY2017$12.5B+82.2%
- FY2016$6.85B-28.9%
- FY2015$9.63B-1.7%
- FY2014$9.8B+29.9%
- FY2013$7.54B+25.1%
- FY2012$6.03B-35.1%
- FY2011$9.29B+10.5%
- FY2010$8.4B+49.7%
- FY2009$5.61B-27.0%
- FY2008$7.69B+1.9%
- FY2007$7.55B-7.3%
- FY2006$8.14B+9.5%
- FY2005$7.44B-11.5%
- FY2004$8.4B+453.9%
- FY2003$1.52B-81.0%
- FY2002$8B+79.3%
- FY2001$4.47B-17.8%
- FY2000$5.43B-17.2%
- FY1999$6.57B+84.9%
- FY1998$3.55B-26.4%
- FY1997$4.83B+7.2%
- FY1996$4.5B+66.3%
- FY1995$2.71B+82.8%
- FY1994$1.48B+1066.1%
- FY1993$127M-107.8%
- FY1992-$1.63B+555.4%
- FY1991-$249M-106.4%
- FY1990$3.87B-22.9%
- FY1989$5.01B—
Free Cash Flow 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 Free Cash Flow at American Express (AXP)
Free Cash Flow for American Express (AXP): headline value $15.1B · YoY +31.8%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
As of the 2025 fiscal year, American Express (AXP) reported free cash flow of $16B – surged 31.8% year-over-year.
Looking at the 2020–2025 (5 years) stretch, American Express free cash flow compounded at +31.2% per year, with mixed annual results across the window.
American Express free cash flow declined from $19.2B in 2022 to $16B in 2025, a 16.8% drawdown.
2022 marks the peak free cash flow at $19.2B, with the historical low of -$1.63B recorded in 1992.
American Express Free Cash Flow by Year
American Express Free Cash Flow 2025: $16B
American Express free cash flow in 2025 was $16B, surged 31.8% from 2024.
American Express Free Cash Flow 2024: $12.1B
2024's free cash flow for American Express came in at $12.1B, declined 28.6% below 2023.
American Express Free Cash Flow 2023: $17B
American Express posted free cash flow of $17B in 2023, declined 11.6% below 2022.
American Express Free Cash Flow 2022: $19.2B
In 2022, American Express reported free cash flow of $19.2B, surged 46.8% from 2021. This figure represents the highest annual value in the available history.
American Express Free Cash Flow 2021: $13.1B
American Express free cash flow in 2021 was $13.1B.
See more financial history for American Express (AXP).
Sector peers by Free Cash Flow
Financial Services peers of American Express (AXP), ranked by their latest free cash flow
| $101B | |
| $46.1B | |
| $25B | |
| $21.6B | |
| $16.9B | |
| $12.6B | |
| -$19B | |
| -$47.2B |
- $101B
- $46.1B
- $21.6B
- $16.9B
- $12.6B
- -$19B
- -$47.2B
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American Express (AXP) Key Financials
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Deep-dives across the income statement, cash flow, capital return, and valuation
- Buybacks3.26% TTM
- Dividend Profile1.07% yield
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- Stock Split History6 splits
How this company returns cash to shareholders — buybacks, dividends, and stock splits.