American Express (AXP) balance sheet
NYSE · Financial Services · Financial - Credit Services · 76,800 employees · CEO Stephen Joseph Squeri
- Price
- $319.11 -1.42%
- Market cap
- $214B
- Enterprise value
- $231B
- Last report
- Q3 '26 filed 2026-10-23
- Next report
- 2027-01-29
At the end of Q3 '26 American Express (AXP) held $43.2B in cash and short-term investments against $60B of debt incl. leases. Total assets $310B, total liabilities $274B, shareholders' equity $35.8B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $46.5B | $54.1B | $52.8B | $47.8B | $40.6B | $52.4B | $57.8B | $53.4B | $47.7B | $53.8B | $45.2B | $43B | |
| Short-term investments | $2.12B | $1.83B | $814M | $867M | $953M | $0 | $988M | $1.14B | $826M | $290M | $321M | $240M | |
| Receivables | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $223B | $227B | |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.48B | $1.75B | $0 | |
| Current assets | $48.7B | $56B | $53.6B | $48.7B | $41.5B | $52.4B | $58.8B | $54.7B | $48.5B | $56.5B | $271B | $270B | |
| Property, plant & equipment (net) | $5.91B | $5.14B | $5.25B | $5.31B | $6.18B | $5.38B | $5.66B | $5.86B | $7.12B | $7.24B | $7.69B | $8.12B | |
| Long-term investments | $194B | $194B | $199B | $202B | $209B | $203B | $208B | $213B | $221B | $218B | $4.07B | $5.12B | |
| Goodwill | $3.85B | $0 | $0 | $0 | $4.19B | $0 | $0 | $0 | $4.87B | $0 | $0 | $0 | |
| Intangible assets | $98M | $0 | $0 | $0 | $123M | $0 | $0 | $0 | $90M | $0 | $0 | $0 | |
| Other non-current assets | $9.04B | $13.8B | $14.3B | $14.5B | $10.1B | $21.2B | $22.7B | $24.4B | $18.4B | $27.6B | $26.1B | $26.6B | |
| Non-current assets | $212B | $213B | $219B | $222B | $230B | $230B | $237B | $243B | $252B | $253B | $37.9B | $39.9B | |
| Total assets | $261B | $269B | $272B | $271B | $271B | $282B | $296B | $298B | $300B | $309B | $308B | $310B | |
| Liabilities | |||||||||||||
| Accounts payable | $13.1B | $13.4B | $13.1B | $13.2B | $13.9B | $13.6B | $14.1B | $14.7B | $14.7B | $0 | $15.4B | $0 | |
| Accrued expenses | $2.06B | $0 | $0 | $0 | $2.12B | $0 | $0 | $0 | $2.25B | $0 | $0 | $0 | |
| Short-term debt | $1.29B | $1.74B | $1.64B | $1.46B | $1.37B | $1.56B | $1.49B | $1.45B | $1.37B | $1.69B | $2.03B | $1.42B | |
| Taxes payable | $1.28B | $0 | $0 | $0 | $1.39B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $157B | $0 | |
| Other current liabilities | $129B | $134B | $134B | $135B | $139B | $146B | $149B | $150B | $152B | $158B | $0 | $0 | |
| Current liabilities | $146B | $150B | $149B | $150B | $157B | $162B | $165B | $166B | $171B | $160B | $174B | $1.42B | |
| Long-term debt | $47.9B | $48.8B | $51.5B | $53.5B | $49.7B | $51.2B | $58.2B | $57.8B | $56.4B | $58.8B | $57B | $58.5B | |
| Deferred revenue (non-current) | $3.44B | $0 | $0 | $0 | $4.04B | $0 | $0 | $0 | $4.66B | $0 | $0 | $0 | |
| Other non-current liabilities | $36.1B | $42.1B | $42.6B | $37.7B | $30.6B | $38.3B | $40B | $41.3B | $34.7B | $56.5B | $42.5B | $215B | |
| Non-current liabilities | $87.4B | $90.9B | $94.1B | $91.2B | $84.4B | $89.5B | $98.2B | $99.1B | $95.8B | $115B | $99.5B | $273B | |
| Total liabilities | $233B | $240B | $243B | $241B | $241B | $251B | $263B | $265B | $267B | $275B | $274B | $274B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $145M | $144M | $143M | $141M | $141M | $140M | $140M | $138M | $138M | $137M | $135M | $134M | |
| Retained earnings | $19.6B | $20.4B | $21.3B | $21.5B | $22.1B | $23.4B | $24.4B | $24.5B | $25.5B | $26.1B | $26.4B | $27.9B | |
| Accumulated other comprehensive income | -$3.07B | -$3.16B | -$3.2B | -$3.2B | -$3.4B | -$3.37B | -$3.25B | -$3.25B | -$3.28B | -$3.31B | -$3.36B | -$3.39B | |
| Shareholders' equity | $28.1B | $28.8B | $29.5B | $29.7B | $30.3B | $31.2B | $32.3B | $32.4B | $33.5B | $34B | $34.3B | $35.8B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $49.2B | $50.6B | $53.2B | $55B | $51.1B | $52.8B | $59.7B | $59.2B | $57.8B | $60.4B | $59B | $60B | |
| Net debt (debt - cash) | $2.63B | -$3.58B | $346M | $7.19B | $10.5B | $389M | $1.87B | $5.8B | $10.1B | $6.69B | $13.8B | $17B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $25.1B | $32.9B | $27.4B | $24.3B | $32.8B | $21.5B | $33.5B | $46.5B | $40.6B | $47.7B | |
| Short-term investments | $3.22B | $3.16B | $4.66B | $8.42B | $21.6B | $2.98B | $4.86B | $2.12B | $1.19B | $826M | |
| Receivables | $3.23B | $3.21B | $58.2B | $56.8B | $3B | $2.7B | $0 | $0 | $0 | $0 | |
| Current assets | $32.2B | $39.9B | $88.8B | $89.5B | $57.5B | $27.2B | $38.4B | $48.7B | $41.7B | $48.5B | |
| Property, plant & equipment (net) | $4.43B | $4.33B | $4.42B | $4.83B | $5.02B | $4.99B | $5.22B | $5.91B | $6.18B | $7.12B | |
| Long-term investments | $115B | $131B | $142B | $150B | $120B | $145B | $171B | $194B | $209B | $221B | |
| Goodwill | $2.93B | $3.01B | $3.07B | $3.32B | $3.85B | $3.8B | $3.79B | $3.85B | $4.19B | $4.87B | |
| Intangible assets | $868M | $899M | $275M | $267M | $265M | $201M | $146M | $98M | $123M | $90M | |
| Deferred tax assets | $2.34B | $1.64B | $1.48B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Other non-current assets | $623M | $63M | -$51.5B | -$49.2B | $4.76B | $7.16B | $9.78B | $9.04B | $10.1B | $18.4B | |
| Non-current assets | $127B | $141B | $99.8B | $109B | $134B | $161B | $190B | $212B | $230B | $252B | |
| Total assets | $159B | $181B | $189B | $198B | $191B | $189B | $228B | $261B | $271B | $300B | |
| Liabilities | |||||||||||
| Accounts payable | $11.2B | $14.7B | $12.3B | $12.7B | $9.44B | $10.6B | $12.1B | $13.1B | $13.9B | $14.7B | |
| Accrued expenses | $1.38B | $1.56B | $1.6B | $1.79B | $1.37B | $1.81B | $2.13B | $2.06B | $2.12B | $2.25B | |
| Short-term debt | $5.58B | $3.28B | $3.1B | $6.44B | $1.88B | $2.24B | $1.35B | $1.29B | $1.37B | $1.37B | |
| Taxes payable | $0 | $0 | $0 | $1.12B | $943M | $1.58B | $1.65B | $1.28B | $1.39B | $0 | |
| Other current liabilities | $55.9B | $67B | $70B | $73.3B | $86.9B | $84.4B | $110B | $129B | $139B | $152B | |
| Current liabilities | $74B | $86.5B | $86.9B | $94.3B | $99.6B | $99B | $126B | $146B | $157B | $171B | |
| Long-term debt | $47B | $55.8B | $58.4B | $57.8B | $42.9B | $38.7B | $42.6B | $47.9B | $49.7B | $56.4B | |
| Lease obligations (non-current) | $24M | $23M | $19M | $25M | $17M | $14M | $3M | $0 | $0 | $0 | |
| Deferred revenue (non-current) | $1.41B | $1.55B | $1.76B | $2.06B | $2.28B | $2.52B | $3.03B | $3.44B | $4.04B | $4.66B | |
| Other non-current liabilities | $16B | $19.1B | $19.2B | $21.1B | $23.6B | $26.2B | $32.2B | $36.1B | $30.6B | $34.7B | |
| Non-current liabilities | $64.4B | $76.4B | $79.4B | $81B | $68.8B | $67.4B | $77.8B | $87.4B | $84.4B | $95.8B | |
| Total liabilities | $138B | $163B | $166B | $175B | $168B | $166B | $204B | $233B | $241B | $267B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $181M | $172M | $170M | $163M | $161M | $153M | $149M | $145M | $141M | $138M | |
| Retained earnings | $10.4B | $8.31B | $12.5B | $13.9B | $13.8B | $13.5B | $16.3B | $19.6B | $22.1B | $25.5B | |
| Accumulated other comprehensive income | -$2.78B | -$2.43B | -$2.6B | -$2.74B | -$2.9B | -$2.95B | -$3.21B | -$3.07B | -$3.4B | -$3.28B | |
| Shareholders' equity | $20.5B | $18.3B | $22.3B | $23.1B | $23B | $22.2B | $24.7B | $28.1B | $30.3B | $33.5B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $52.6B | $59.1B | $61.5B | $64.3B | $44.8B | $40.9B | $43.9B | $49.2B | $51.1B | $57.8B | |
| Net debt (debt - cash) | $27.5B | $26.2B | $34.1B | $40B | $12B | $19.4B | $10.4B | $2.63B | $10.5B | $10.1B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 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 as of 2026-11-01