Keuangan American Express (AXP)
NYSE · Financial Services · Financial - Credit Services · Karyawan: 76.800 · CEO: Stephen Joseph Squeri
- Harga
- $319,11 -1,42%
- Kapitalisasi pasar
- $214 M
- Nilai perusahaan
- $231 M
- Laporan terakhir
- Q3 '26 diajukan 2026-10-23
- Laporan berikutnya
- 2027-01-29
Pendapatan (TTM)$85,5 M+8,7% vs tahun lalu4 kuartal terakhir; batang = tiap kuartal
Margin operasional (TTM)27,6%+10,4 poin vs tahun laluLaba operasional: $23,6 M
Laba bersih (TTM)$12,3 M+16,3% vs tahun laluSetelah pajak, termasuk keuntungan non-operasional
Arus kas bebas (TTM)$13,9 M-26,6% vs tahun laluCapex: $3,72 M
EPS dilusian (TTM)$17,81+19,5% vs tahun laluJumlah 4 kuartal terakhir
Kas neto-$16,8 M-259,5% vs tahun laluKas + investasi jangka pendek - utang
Valuasi & angka utama
- Kapitalisasi pasar
- $214 M EV $231 M
- Pendapatan
- $85,5 M 12 bulan terakhir
- Pertumbuhan pendapatan
- -1% Konsensus FY2026
- Margin laba
- 14,3% Laba bersih / pendapatan, TTM
- P/E
- 17,9× Forward 17,5× (FY2026)
- P/S
- 2,5× Harga / penjualan, TTM
- EV / EBITDA
- 8,6× TTM
- Arus kas bebas
- $13,9 M 12 bulan terakhir
- Laba bersih
- $12,3 M 12 bulan terakhir
- Estimasi pendapatan
- $79,4 M Konsensus FY2026
- Laba
- 2027-01-29
- Dividen
- $3,67 Per saham, 12 bulan terakhir
Poin-poin utama
Dihitung dari angka yang dilaporkan - setiap pernyataan menyertakan angka yang mendasarinya.
- Pertumbuhan pendapatan melambat: 6,9% yoyPendapatan Q3 '26: $22 M, rata-rata empat kuartal sebelumnya: 9,4%.
- Margin operasional 27,6% (TTM), dibanding tahun lalu: +10,4 poinLaba operasional tumbuh 75,0%, pendapatan tumbuh 8,7%.
- 52,3% dari laba sebelum pajak tergerus kerugian non-operasionalLaba sebelum pajak $15,5 M vs laba operasional $23,6 M (TTM). Kerugian dari kepemilikan saham dan pos sekali-pakai lainnya menekan laba bersih dan EPS - laba operasional adalah ukuran bisnis yang lebih bersih.
- Capex: 4,3% dari pendapatan (tahun lalu 2,8%)$3,72 M diinvestasikan dalam 4 kuartal terakhir (+68,9% dibanding tahun sebelumnya). Arus kas bebas: $13,9 M = 113,5% dari laba bersih.
- $9,2 M dikembalikan ke pemegang saham = 66,2% dari arus kas bebasBuyback: $6,7 M (tahun lalu $5,95 M), dividen: $2,5 M, kompensasi saham: $636 jt (TTM).
- Jumlah saham dilusian turun dalam setahun: 2,7%Saham dilusian pada Q3 '26: 674 jt, setahun sebelumnya: 693 jt.
- Utang neto: $16,8 MKas + investasi jangka pendek: $43,2 M, utang termasuk sewa: $60 M; tahun lalu utang neto: $4,66 M.
Kuartal terakhir: Q3 '26
Kuartal berakhir 2026-09-30. Dibandingkan dengan kuartal yang sama tahun lalu dan konsensus analis sebelum laporan.
Kuartal vs tahun lalu
| Q3 '26 | Tahun lalu | Perubahan | |
|---|---|---|---|
| Pendapatan | $22 M | $20,6 M | +6,9% |
| Margin kotor | 86,8% | 83,4% | +3,4 poin |
| Laba operasional | $4,53 M | $3,83 M | +18,5% |
| Margin operasional | 20,6% | 18,6% | +2,0 poin |
| Laba bersih | $3,71 M | $2,9 M | +27,9% |
| EPS dilusian | $5,42 | $4,14 | +30,9% |
| Arus kas operasional | $5,38 M | $6,23 M | -13,6% |
| Capex | $947 jt | $655 jt | +44,6% |
| Arus kas bebas | $4,44 M | $5,58 M | -20,5% |
| R&D | $0 | $0 | – |
| Kompensasi berbasis saham | $137 jt | $125 jt | +9,6% |
Pendapatan
Dari mana uang berasal - menurut lini bisnis dan wilayah, kuartal demi kuartal.
Pendapatan, laba operasional, dan pertumbuhan
kuartalanPendapatan per lini bisnis
bertumpuk, kuartalan| Segmen | Q3 '26 | yoy | Porsi | TTM | TTM yoy | 12 kuartal |
|---|---|---|---|---|---|---|
| Global Consumer Services Group | $9,84 M | +11,1% | 48,8% | $37,6 M | +11,0% | |
| Global Commercial Services | $4,55 M | +6,4% | 22,6% | $17,8 M | +6,8% | |
| International Card Services | $3,68 M | +10,4% | 18,3% | $14,3 M | +14,7% | |
| Global Merchant and Network Services | $2,08 M | +5,6% | 10,3% | $8,22 M | +7,9% |
Margin & struktur biaya
Berapa bagian dari setiap unit pendapatan yang tersisa di tiap tingkat - dan ke mana biaya mengalir.
Margin
kuartalanBiaya sebagai % pendapatan
kuartalanArus kas & alokasi modal
Kas yang dihasilkan, untuk apa kas itu digunakan, dan apa yang sampai ke pemegang saham.
Arus kas operasional, capex, arus kas bebas
kuartalanPenggunaan kas vs arus kas operasional
tahun fiskal4 kuartal terakhir
laporan arus kas- Arus kas operasional
- $17,6 M
- Capex
- -$3,72 M
- Buyback
- -$6,7 M
- Dividen
- -$2,5 M
- Akuisisi
- -$524 jt
- Utang neto diterbitkan
- $1,65 M
- Kompensasi berbasis saham
- $636 jt
- Arus kas bebas
- $13,9 M
- Dikembalikan ke pemegang saham / FCF
- 66,2%
Jumlah saham dan EPS
kuartalan, dilusianNeraca
Likuiditas, investasi, dan utang pada akhir setiap kuartal.
Kas, investasi, dan utang
akhir kuartalValuasi & imbal hasil
Multiple saat ini dibandingkan lima tahun fiskal terakhir perusahaan itu sendiri; target dan peringkat analis.
Multiple dan imbal hasil
TTM vs 5 tahun fiskal| Sekarang | Rata-rata 5 th | Posisi saat ini dalam rentang 5 tahun | |
|---|---|---|---|
| P/E (TTM) | 17,9× | 18,6× | 15,0× – 24,0× |
| EV / EBITDA | 8,6× | 13,4× | 10,8× – 17,2× |
| EV / Penjualan | 2,7× | 2,8× | 2,1× – 3,3× |
| Harga / FCF | 15,4× | 11,4× | 5,8× – 17,4× |
| Harga / Nilai buku | 6,0× | 6,0× | 4,5× – 7,7× |
| Imbal hasil FCF | 6,5% | 10,4% | 5,7% – 17,3% |
| Imbal hasil modal yang diinvestasikan | 6,0% | 8,0% | 7,2% – 8,8% |
| Imbal hasil ekuitas | 35,6% | 32,5% | 29,8% – 36,3% |
Analis
Target konsensus $357,64 (+12,1%)
rentang $315,00 – $400,00 · peringkat Hold
Beli kuat0
Beli23
Tahan30
Jual4
Jual kuat0
Prospek
Konsensus analis untuk tahun fiskal mendatang dan implikasinya pada harga saat ini.
Estimasi konsensus
| Tahun fiskal | Pendapatan | Pertumbuhan | EPS | Pertumbuhan | P/E pada harga saat ini | Analis (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $79,4 M | -1,3% | $18,26 | +18,7% | 17,5× | 16 |
| FY2027 | $86,6 M | +9,1% | $20,17 | +10,5% | 15,8× | 20 |
| FY2028 | $94,1 M | +8,6% | $23,20 | +15,0% | 13,8× | 17 |
| FY2029 | $104 M | +10,6% | $27,45 | +18,3% | 11,6× | 12 |
| FY2030 | $76,4 M | -26,5% | $28,70 | +4,6% | 11,1× | 7 |
Laporan keuangan
Setiap baris laporan laba rugi, neraca, dan laporan arus kas - 12 kuartal dan 10 tahun fiskal, sebagai nilai, % pendapatan, atau pertumbuhan.
Semua pos yang dilaporkan
Semua 327 angka yang ditandai American Express Company dalam laporan 10-Q / 10-K terbarunya, dengan label dan definisi resmi SEC - termasuk catatan (sewa, pajak, buyback, karyawan, ...).
| Pos (label SEC) | Kuartal terakhir | Tahun lalu | yoy | FY terakhir | FY sebelumnya | yoy |
|---|---|---|---|---|---|---|
| Accounts Payable | $15,2 M | $14,7 M | +3,2% | $14,7 M | $13,9 M | +5,9% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $13,3 M | $11,8 M | +12,9% | $12 M | $10,7 M | +12,1% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$3,39 M | -$3,25 M | -4,4% | -$3,28 M | -$3,4 M | +3,5% |
| Additional Paid in Capital | $11,2 M | $11,1 M | +1,0% | $11,1 M | $11,4 M | -2,1% |
| Affordable Housing Tax Credits and Other Tax Benefits, Amount | $80 jt | $65 jt | +23,1% | $276 jt | $221 jt | +24,9% |
| Amortization Method Qualified Affordable Housing Project Investments | $1,88 M | $1,72 M | +9,1% | $1,78 M | $1,57 M | +13,6% |
| Amortization Method Qualified Affordable Housing Project Investments, Amortization | $64 jt | $60 jt | +6,7% | $233 jt | $193 jt | +20,7% |
| Amortization of Intangible Assets | – | – | – | $36 jt | $46 jt | -21,7% |
| Amount of Restricted Net Assets for Consolidated and Unconsolidated Subsidiaries | $16 M2025-12-31 | $15,3 M | +4,6% | $16 M | $15,3 M | +4,6% |
| Assets | $310 M | $298 M | +4,3% | $300 M | $271 M | +10,5% |
| Assets, Fair Value Disclosure | $1,22 M2025-12-31 | $2,25 M | -45,9% | $1,22 M | $2,25 M | -45,9% |
| Bank Overdrafts | $4,05 M2025-12-31 | $3,46 M | +17,1% | $4,05 M | $3,46 M | +17,1% |
| Banking Regulation, Common Equity Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 4,5%2025-12-31 | 4,5% | 0,0% | 4,5% | 4,5% | 0,0% |
| Banking Regulation, Supplementary Leverage Ratio, Capital Adequacy, Minimum | 3,0%2025-12-31 | 3,0% | 0,0% | 3,0% | 3,0% | 0,0% |
| Banking Regulation, Tier One Leverage Capital Ratio, Capital Adequacy, Minimum | 4,0%2025-12-31 | 4,0% | 0,0% | 4,0% | 4,0% | 0,0% |
| Banking Regulation, Tier One Risk-Based Capital Ratio, Capital Adequacy, Minimum | 6,0%2025-12-31 | 6,0% | 0,0% | 6,0% | 6,0% | 0,0% |
| Banking Regulation, Total Risk-Based Capital Ratio, Capital Adequacy, Minimum | 8,0%2025-12-31 | 8,0% | 0,0% | 8,0% | 8,0% | 0,0% |
| Business Development | $1,8 M | $1,61 M | +11,4% | $6,46 M | $5,89 M | +9,7% |
| Cash and Due from Banks | $3,67 M | $3,23 M | +13,5% | $3,56 M | $3,41 M | +4,3% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $43,2 M | $54,7 M | -21,0% | $47,8 M | $40,6 M | +17,6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$2,04 M | -$3,23 M | +36,9% | $7,15 M | -$5,96 M | +220,1% |
| Common Stock, Capital Shares Reserved for Future Issuance | 25 jt2025-12-31 | 27 jt | -7,4% | 25 jt | 27 jt | -7,4% |
| Common Stock, Dividends, Per Share, Declared | $0,95 | $0,82 | +15,9% | $3,28 | $2,80 | +17,1% |
| Common Stock, Par or Stated Value Per Share | $0,20 | $0,20 | 0,0% | $0,20 | $0,20 | 0,0% |
| Common Stock, Shares Authorized | 3,6 M | 3,6 M | 0,0% | 3,6 M | 3,6 M | 0,0% |
| Common Stock, Shares, Issued | 671 jt | 689 jt | -2,6% | 686 jt | 702 jt | -2,3% |
| Common Stock, Shares, Outstanding | 671 jt | 689 jt | -2,6% | 686 jt | 702 jt | -2,3% |
| Common Stock, Value, Issued | $134 jt | $138 jt | -2,9% | $138 jt | $141 jt | -2,1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $3,67 M | $2,9 M | +26,6% | $11 M | $9,81 M | +11,7% |
| Concentration Risk, Credit Risk, Financial Instrument, Maximum Exposure | – | – | – | $280 M | $255 M | +9,8% |
| Contribution of Property | $0 | – | – | – | – | – |
| Current Federal Tax Expense (Benefit) | – | – | – | $1,74 M | $2,37 M | -26,7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1,27 M | $894 jt | +42,3% |
| Current Income Tax Expense (Benefit) | – | – | – | $3,5 M | $3,76 M | -6,7% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $497 jt | $494 jt | +0,6% |
| Debt Instrument, Unamortized Discount (Premium), Net | $470 jt2025-12-31 | $487 jt | -3,5% | $470 jt | $487 jt | -3,5% |
| Debt Securities, Available-for-Sale, Accrued Interest, after Allowance for Credit Loss | $20 jt | $3 jt | +566,7% | $3 jt | $3 jt | 0,0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 10 | $41 jt | $46 jt | -10,9% | $45 jt | $50 jt | -10,0% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $7 jt | $7 jt | 0,0% | $7 jt | $32 jt | -78,1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $3,13 M | $143 jt | +2.090,9% | $126 jt | $166 jt | -24,1% |
| Debt Securities, Available-for-Sale, Amortized Cost, Maturity, Allocated and Single Maturity Date, Year One | $1,97 M | $1,14 M | +72,7% | $825 jt | $955 jt | -13,6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $28 jt | $25 jt | +12,0% | $26 jt | $152 jt | -82,9% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss | $10 jt | $7 jt | +42,9% | $7 jt | $12 jt | -41,7% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer, Number of Positions | 10 security2025-09-30 | 10 security | 0,0% | 45 security2024-12-31 | 71 security | -36,6% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months | $3,02 M | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss | $64 jt | $0 | – | $0 | $0 | – |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, Less than 12 Months, Number of Positions | 0 security2025-09-30 | 0 security | – | 0 security2024-12-31 | 0 security | – |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 10 | $32 jt | $38 jt | -15,8% | $37 jt | $40 jt | -7,5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year 5 Through 10 | $7 jt | $7 jt | 0,0% | $7 jt | $33 jt | -78,8% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $3,07 M | $144 jt | +2.031,3% | $127 jt | $166 jt | -23,5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $1,97 M | $1,14 M | +72,7% | $826 jt | $953 jt | -13,3% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $25 jt2025-09-30 | $145 jt | -82,8% | $152 jt2024-12-31 | $1,15 M | -86,8% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $7 jt2025-09-30 | $10 jt | -30,0% | $12 jt2024-12-31 | $19 jt | -36,8% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Number of Positions | 10 security2025-09-30 | 10 security | 0,0% | 45 security2024-12-31 | 71 security | -36,6% |
| Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year 10 | 2,7%2025-12-31 | 2,7% | -1,5% | 2,7% | 2,7% | -1,5% |
| Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year 5 Through 10 | 3,5%2025-12-31 | 4,8% | -27,7% | 3,5% | 4,8% | -27,7% |
| Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, after Year One Through Five | 4,2%2025-12-31 | 3,7% | +12,4% | 4,2% | 3,7% | +12,4% |
| Debt Securities, Available-for-Sale, Weighted Average Yield, Maturity, Year One | 5,3%2025-12-31 | 5,3% | -0,4% | 5,3% | 5,3% | -0,4% |
| DebtSecuritiesAvailableForSaleAmortizedCostExcludingAccruedInterestAfterAllowanceForCreditLoss | $5,15 M | $1,33 M | +285,9% | $1 M | $1,2 M | -16,7% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $5,07 M | $1,33 M | +281,8% | $997 jt | $1,19 M | -16,4% |
Sumber: SEC companyfacts (XBRL setiap 10-Q / 10-K). Kuartal arus kas dihitung dari angka kumulatif tahun berjalan yang ditandai dalam 10-Q. Rincian segmen ditandai dengan dimensi dan ditampilkan di bagian segmen.
Sumber
Laporan keuangan, pendapatan segmen, metrik, estimasi: Financial Modeling Prep. Laba segmen dan setiap pos yang dilaporkan: SEC EDGAR (XBRL). Laporan yang dibaca: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data per 2026-11-01