American Express Quarterly Cash Flow Statement
NYSE: AXPFinanceFinance: Consumer ServicesUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
American Express free cash flow
In the quarter ended Jun 30, 2026, American Express generated $5.37 billion of operating cash flow and spent $898.0 million on capital expenditures. That left free cash flow of $4.47 billion, a free-cash-flow margin of 39.9% of revenue. Free cash flow was up 19.4% from the prior year's $3.75 billion.
American Express returned $2.97 billion to shareholders: $665.0 million in dividends and $2.30 billion in share repurchases, equal to 66% of free cash flow. Free cash flow covered dividend payments 6.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
American Express cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-06-30 | Q1 20262026-03-31 | Q4 20252025-12-31 | Q3 20252025-09-30 | Q2 20252025-06-30 | Q1 20252025-03-31 | Q4 20242024-12-31 | Q3 20242024-09-30 | Q2 20242024-06-30 | Q1 20242024-03-31 | Q4 20232023-12-31 | Q3 20232023-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 3.11B | 2.97B | 2.46B | 2.90B | 2.88B | 2.58B | 2.17B | 2.51B | 3.02B | 2.44B | 1.93B | 2.45B |
| Net Income growth (YoY) | +7.80% | +14.98% | +13.46% | +15.76% | -4.31% | +6.03% | +12.26% | +2.28% | +38.68% | +34.20% | +22.96% | +30.44% |
| Depreciation & Amortization | 488.00M | 468.00M | 462.00M | 455.00M | 427.00M | 433.00M | 428.00M | 437.00M | 421.00M | 390.00M | 422.00M | 429.00M |
| Stock-Based Compensation | 155.00M | 203.00M | 141.00M | 125.00M | 127.00M | 158.00M | 111.00M | 113.00M | 104.00M | 176.00M | 109.00M | 93.00M |
| Change in Working Capital | -450.00M | -1.39B | -1.45B | -181.00M | -1.17B | 18.00M | 1.23B | -285.00M | -132.00M | 195.00M | -534.00M | -147.00M |
| Operating Cash Flow | 5.37B | 3.80B | 3.07B | 6.23B | 4.36B | 4.76B | 5.78B | -1.81B | 4.53B | 5.55B | 6.77B | 8.24B |
| Capital Expenditures | -898.00M | -1.15B | -722.00M | -654.00M | -619.00M | -430.00M | -495.00M | -455.00M | -565.00M | -396.00M | -426.00M | -401.00M |
| Investing Cash Flow | -8.98B | -2.87B | -9.95B | -6.60B | -6.80B | 451.00M | -12.24B | -3.52B | -5.49B | -3.14B | -8.17B | -6.93B |
| Dividends Paid | -665.00M | -583.00M | -583.00M | -586.00M | -593.00M | -509.00M | -510.00M | -516.00M | -521.00M | -452.00M | -454.00M | -459.00M |
| Share Repurchases | -2.30B | -1.91B | -899.00M | -2.35B | -1.36B | -1.21B | -1.03B | -1.94B | -1.76B | -1.29B | -901.00M | -1.40B |
| Debt Issued | 2.61B | 3.50B | 2.00B | 6.48B | 11.13B | 4.77B | 83.00M | 4.64B | 5.53B | 2.35B | 2.53B | 5.18B |
| Debt Repaid | -3.95B | -1.52B | -3.26B | -7.00B | -4.36B | -3.53B | -3.40B | -3.21B | -2.90B | -1.25B | -1.43B | -5.41B |
| Financing Cash Flow | -4.90B | 4.98B | -154.00M | -2.96B | 7.68B | 6.64B | -770.00M | 350.00M | -325.00M | 5.18B | 4.07B | -314.00M |
| Net Change in Cash | -8.51B | 5.96B | -6.91B | -3.23B | 5.43B | 11.87B | -7.28B | -4.98B | -1.32B | 7.62B | 2.69B | 950.00M |
| Free Cash Flow | 4.47B | 2.65B | 2.35B | 5.58B | 3.75B | 4.33B | 5.28B | -2.27B | 3.97B | 5.16B | 6.34B | 7.84B |
This table shows 12 quarterly periods of American Express's cash flow statement, from Q2 2026 back to Q3 2023, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow AXP's reporting calendar. What is a cash flow statement?