Free Cash Flow for American Express (AXP)
Free Cash Flow for American Express (AXP): headline value $14.32B · 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 .
Currently viewingFree Cash FlowSwitch metric
Latest period
$14.32B
YoY change
+31.8%
5Y CAGR
+31.2%
Peak year (2022)
$19.22B
Latest annual
$16.00B
Free Cash Flow history chart for American Express (AXP) from 1989 to 2025
Free Cash Flow history table for American Express (AXP) from 1989 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $16.00B | +31.8% | ||
| 2024 | $12.14B | -28.6% | ||
| 2023 | $17.00B | -11.6% | ||
| 2022 | $19.22B | +46.8% | ||
| 2021 | $13.10B | +218.4% | ||
| 2020 | $4.11B | -65.7% | ||
| 2019 | $11.99B | +57.3% | ||
| 2018 | $7.62B | -38.9% | ||
| 2017 | $12.48B | +82.2% | ||
| 2016 | $6.85B | -28.9% | ||
| 2015 | $9.63B | -1.7% | ||
| 2014 | $9.79B | +29.9% | ||
| 2013 | $7.54B | +25.1% | ||
| 2012 | $6.03B | -35.1% | ||
| 2011 | $9.29B | +10.5% | ||
| 2010 | $8.40B | +49.7% | ||
| 2009 | $5.61B | -27.0% | ||
| 2008 | $7.69B | +1.9% | ||
| 2007 | $7.55B | -7.3% | ||
| 2006 | $8.14B | +9.5% | ||
| 2005 | $7.44B | -11.5% | ||
| 2004 | $8.40B | +453.9% | ||
| 2003 | $1.52B | -81.0% | ||
| 2002 | $8.00B | +79.3% | ||
| 2001 | $4.46B | -17.8% | ||
| 2000 | $5.43B | -17.2% | ||
| 1999 | $6.57B | +84.9% | ||
| 1998 | $3.55B | -26.4% | ||
| 1997 | $4.83B | +7.2% | ||
| 1996 | $4.50B | +66.3% | ||
| 1995 | $2.71B | +82.8% | ||
| 1994 | $1.48B | +1066.1% | ||
| 1993 | $127.00M | -107.8% | ||
| 1992 | -$1.63B | +555.4% | ||
| 1991 | -$249.00M | -106.4% | ||
| 1990 | $3.87B | -22.9% | ||
| 1989 | $5.01B | — |
Free Cash Flow 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 free cash flow of $16.00B – 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 the latest reading among the more recent periods of the dataset.
American Express free cash flow declined from $19.22B in 2022 to $16.00B in 2025, a 16.8% drawdown.
2022 marks the peak free cash flow at $19.22B, with the historical low of -$1.63B recorded in 1992.
American Express (AXP) sits 6th of 8 Financial Services peers we track on this metric, against a peer median of $19.24B.
American Express Free Cash Flow by Year
American Express Free Cash Flow 2025: $16.00B
American Express free cash flow in 2025 was $16.00B, surged 31.8% from 2024.
American Express Free Cash Flow 2024: $12.14B
American Express free cash flow in 2024 was $12.14B, declined 28.6% below 2023.
American Express Free Cash Flow 2023: $17.00B
American Express free cash flow in 2023 was $17.00B, declined 11.6% below 2022.
American Express Free Cash Flow 2022: $19.22B
American Express free cash flow in 2022 was $19.22B, surged 46.8% from 2021. This figure represents the highest annual value in the available history.
American Express Free Cash Flow 2021: $13.10B
American Express free cash flow in 2021 was $13.10B.
See more financial history for American Express (AXP).
Sector peers — Free Cash Flow
Companies in the same sector as American Express, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $100.87B | Financial Services |
| Morgan Stanley (MS) | $46.10B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $25.04B | Financial Services |
| Visa Inc. (V) | $21.58B | Financial Services |
| Mastercard Incorporated (MA) | $16.91B | Financial Services |
| Bank of America Corporation (BAC) | $12.61B | Financial Services |
| Wells Fargo & Company (WFC) | -$19.00B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | -$47.22B | Financial Services |
Frequently asked questions
What is American Express's free cash flow?
Latest reported free cash flow for American Express (AXP) is $14.32B (period ending March 31, 2026).
How has American Express free cash flow changed year-over-year?
American Express (AXP) free cash flow changed +31.8% year-over-year on the latest annual filing.
What is the long-term growth rate of American Express free cash flow?
American Express (AXP) free cash flow compound annual growth rate is +31.2% over the most recent 5 years available.
When did American Express free cash flow hit its highest annual value?
American Express free cash flow reached its highest annual value of $19.22B in 2022.
What was American Express free cash flow in 2024?
American Express (AXP) free cash flow in 2024 was $12.14B.
What was American Express free cash flow in 2025?
American Express (AXP) free cash flow in 2025 was $16.00B.
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