American Express Income 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
Revenue	66,973	60,764	55,592	50,680	43,799
Revenue Growth (YoY)	10.22%	9.30%	9.69%	15.71%	39.68%
Cost of Revenue	33,482	29,579	27,402	24,213	19,240
Gross Profit	33,491	31,185	28,190	26,467	24,559
Selling, General & Admin	12,709	11,926	10,870	10,401	9,053
Other Operating Expenses	-	-	-	6,481	4,817
Operating Income	20,782	19,259	17,320	9,585	10,689
Interest Income	25,598	23,795	19,983	12,658	9,033
Interest Expense	-8,234	-8,252	-6,849	-2,763	-1,283
Total Non-Operating Income (Expense)	17,364	15,543	13,134	9,895	7,750
Pretax Income	13,795	12,895	10,513	9,585	10,689
Provision for Income Taxes	2,962	2,766	2,139	2,071	2,629
Net Income	10,833	10,129	8,374	7,514	8,060
Net Income to Common	10,833	10,129	8,374	7,514	8,060
Net Income Growth	6.95%	20.96%	11.45%	-6.77%	157.10%
Shares Outstanding (Basic)	695	712	735	751	789
Shares Outstanding (Diluted)	696	713	736	752	790
Shares Change (YoY)	-2.38%	-3.13%	-2.13%	-4.81%	-1.98%
EPS (Basic)	15.41	14.04	11.23	9.86	10.04
EPS (Diluted)	15.38	14.01	11.21	9.85	10.02
EPS Growth	9.78%	24.98%	13.81%	-1.70%	165.78%
Shares Outstanding	686	702	723	743	761
Free Cash Flow	16,003	12,139	16,996	19,224	13,095
Free Cash Flow Growth	31.83%	-28.58%	-11.59%	46.80%	218.38%
Free Cash Flow Per Share	22.99	17.03	23.09	25.56	16.58
Dividends Per Share	3.280	2.800	2.400	2.080	1.720
Dividend Growth	17.14%	16.67%	15.38%	20.93%	-
Gross Margin	50.01%	51.32%	50.71%	52.22%	56.07%
Operating Margin	31.03%	31.69%	31.16%	18.91%	24.40%
Profit Margin	16.18%	16.67%	15.06%	14.83%	18.40%
FCF Margin	23.89%	19.98%	30.57%	37.93%	29.90%
EBITDA	22,559	20,935	18,971	11,211	12,384
EBITDA Margin	33.68%	34.45%	34.13%	22.12%	28.27%
EBIT	20,782	19,259	17,320	9,585	10,689
EBIT Margin	31.03%	31.69%	31.16%	18.91%	24.40%
Effective Tax Rate	21.47%	21.45%	20.35%	21.61%	24.60%

Updated Dec 31, 2025. Data Source: Fiscal.ai. standard template. Financial Sources.

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