American Express (AXP) valuation, revenue & earnings

P/E and P/S history, revenue and growth, ROIC vs. cost of capital, segments, earnings and analyst forecasts

At a glance

Market capitalisation$206B

Moat ratingWide moat

ValuationFair

Revenue, and where it comes from$72.2bn in 2025: discount revenue $37.4bn, net interest income $17.4bn, card fees $10.0bn, service fees $7.5bn; USCS $34.8bn, CS $16.9bn, ICS $13.0bn, GMNS $7.8bn

Recent years are exact, taken from company filings; the earliest years are approximate. Forecast figures are Wall Street consensus, not company guidance. Read the full American Express moat analysis →