American Express Company Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	10,833	10,129	8,374	7,514	8,060
Depreciation & Amortization	1,777	1,676	1,651	1,626	1,695
Provision for Credit Losses	5,256	5,185	4,923	2,182	-1,419
Stock-Based Compensation	551	504	450	375	330
Net Decrease (Increase) in Loans Originated / Sold - Operating	-74	-	5	-	-
Change in Accounts Payable	3,645	-2,897	5,065	8,815	5,389
Change in Other Net Operating Assets	-2,781	1,007	-1,244	1,391	1,068
Other Operating Activities	-779	-1,023	-665	-824	-478
Operating Cash Flow	18,428	14,050	18,559	21,079	14,645
Operating Cash Flow Growth	31.16%	-24.30%	-11.96%	43.93%	161.94%
Capital Expenditures	-2,426	-1,917	-1,565	-1,856	-1,638
Sale of Property, Plant & Equipment	1	6	2	1	88
Cash Acquisitions	-633	-454	-64	-15	-
Divestitures	-	594	-	-	1
Investment in Securities	-260	628	2,318	-2,257	18,577
Net Decrease (Increase) in Loans Originated / Sold - Investing	-19,573	-23,259	-25,124	-29,562	-27,557
Investing Cash Flow	-22,891	-24,402	-24,433	-33,689	-10,529
Short-Term Debt Issued	-	207	-	-	461
Long-Term Debt Issued	24,377	12,602	15,674	23,230	7,788
Total Debt Issued	24,377	12,809	15,674	23,230	8,249
Short-Term Debt Repaid	-27	-	-105	-706	-
Long-Term Debt Repaid	-18,157	-10,759	-10,703	-18,906	-11,662
Total Debt Repaid	-18,184	-10,759	-10,808	-19,612	-11,662
Net Debt Issued (Repaid)	6,193	2,050	4,866	3,618	-3,413
Issuance of Preferred Stock	-	-	-	-	1,584
Preferred Share Repurchases	-	-	-	-	-1,600
Issuance of Common Stock	57	100	28	56	64
Repurchase of Common Stock	-5,814	-6,020	-3,650	-3,502	-7,652
Common Dividends Paid	-	-1,999	-	-	-
Total Dividends Paid	-2,271	-1,999	-1,780	-1,565	-1,448
Other Financing Activities	13,045	10,305	18,915	25,902	-2,468
Financing Cash Flow	11,210	4,436	18,379	24,509	-14,933
Foreign Exchange Rate Adjustments	405	-40	177	-13	-120
Net Cash Flow	7,152	-5,956	12,682	11,886	-10,937
Free Cash Flow	16,002	12,133	16,994	19,223	13,007
Free Cash Flow Growth	31.89%	-28.60%	-11.59%	47.79%	216.32%
Free Cash Flow Margin	23.89%	19.97%	30.57%	37.93%	29.70%
Free Cash Flow Per Share	22.99	17.02	23.09	25.56	16.46
Cash Interest Paid	8,000	8,200	6,400	2,200	1,100
Cash Income Tax Paid	3,200	3,600	3,300	3,000	1,600

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.