AMERICAN EXPRESS CO
AXP · Finance Services · 682.3M shares · -3%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $3.2B (gross $3.6B, SBC $450M)
Reference price $339.36 · est. market cap ~$231.6B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A86Dominant wide-moat premium payments franchise with top-decile returns and cash generation.
Strengths
- Top-decile ROE 32.4% (92nd pct) and net margin 26.2% (90th pct), with #1 FCF in sector (100th pct)
- Integrated card-issuing/network/acquiring model and premium brand confer durable pricing power and switching costs
- Solid net income growth +7% (66th pct) with strong CET1 (10.5%) and high-spend, creditworthy member base
Risks
- Heavy regulatory/supervisory burden as a BHC/FHC; merchant-contract litigation risk
- Reported revenue dipped slightly this period and high debt/equity (89th pct) is structural to the lending model
- Consumer-credit cycle sensitivity via Card Member loans and provisions
Notable findings
- Buying back stockNet buyback — share count -3%/yr over 4y
- Insider sellingInsider selling — 14 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$39M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Net margin
15.0%
Return on equity
32.4%
Return on assets
3.6%
Revenue growth (QoQ)
-0.4%
Net-income growth
7.0%
Debt / equity
1.7×
Free cash flow
$16.0B
Tangible book value
$28.5B
Stock comp / revenue
0.8%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | McNeal Glenda G | Sell | 7.0K | $339.36 |
| 2026-03-13 | Joabar Raymond | Sell | 16 | $301.27 |
| 2026-03-06 | Lieberman Quinn Jessica | Sell | 3.0K | $300.02 |
| 2026-03-02 | Joabar Raymond | Sell | 24 | $309.85 |
| 2026-02-19 | Joabar Raymond | Sell | 3.3K | $341.95 |
| 2026-02-19 | Joabar Raymond | Sell | 2.8K | $338.98 |
| 2026-02-19 | Joabar Raymond | Sell | 2.8K | $340.03 |
| 2026-02-19 | Joabar Raymond | Sell | 5.0K | $341.14 |
| 2026-02-12 | Grosfield Howard | Sell | 8.1K | $346.73 |
| 2026-02-09 | Radhakrishnan Ravikumar | Sell | 6.6K | $357.13 |
| 2026-02-09 | Radhakrishnan Ravikumar | Sell | 8.4K | $356.14 |
| 2026-02-09 | Seeger Laureen | Sell | 13K | $360.99 |
| 2026-02-05 | Marrs Anna | Option exercise | 15K | $173.61 |
| 2026-02-05 | Pickett Denise | Option exercise | 13K | $173.61 |
| 2026-02-05 | Pickett Denise | Sell | 23K | $356.91 |
| 2026-02-05 | Marrs Anna | Sell | 27K | $350.01 |
| 2026-02-01 | Tabish Douglas | Tax withheld | 4.4K | $352.17 |
| 2026-02-01 | Tabish Douglas | Grant | 9.5K | — |
| 2026-02-01 | Marrs Anna | Grant | 2.0K | — |
| 2026-02-01 | Marrs Anna | Tax withheld | 829 | $352.17 |
| 2026-02-01 | Marquez Rafael | Grant | 17K | — |
| 2026-02-01 | Marquez Rafael | Tax withheld | 8.1K | $352.17 |
| 2026-02-01 | Le Caillec Christophe | Grant | 17K | — |
| 2026-02-01 | Le Caillec Christophe | Tax withheld | 9.1K | $352.17 |
| 2026-02-01 | Joabar Raymond | Grant | 24K | — |
| 2026-02-01 | Joabar Raymond | Tax withheld | 13K | $352.17 |
| 2026-02-01 | Herena Monique | Grant | 19K | — |
| 2026-02-01 | Herena Monique | Tax withheld | 10.0K | $352.17 |
| 2026-02-01 | Grosfield Howard | Grant | 17K | — |
| 2026-02-01 | Grosfield Howard | Tax withheld | 9.1K | $352.17 |
| 2026-02-01 | Buckminster Douglas E. | Grant | 38K | — |
| 2026-02-01 | Buckminster Douglas E. | Tax withheld | 21K | $352.17 |
| 2026-02-01 | Buckminster Douglas E. | Grant | 1.7K | — |
| 2026-02-01 | Buckminster Douglas E. | Tax withheld | 710 | $352.17 |
| 2026-02-01 | Squeri Stephen J | Grant | 123K | — |
| 2026-02-01 | Squeri Stephen J | Tax withheld | 62K | $352.17 |
| 2026-02-01 | Skyler Jennifer | Grant | 10.0K | — |
| 2026-02-01 | Skyler Jennifer | Tax withheld | 5.1K | $352.17 |
| 2026-02-01 | Seeger Laureen | Grant | 26K | — |
| 2026-02-01 | Seeger Laureen | Tax withheld | 14K | $352.17 |
| 2026-02-01 | Seeger Laureen | Grant | 1.2K | — |
| 2026-02-01 | Seeger Laureen | Tax withheld | 480 | $352.17 |
| 2026-02-01 | Rutledge Elizabeth | Grant | 9.0K | — |
| 2026-02-01 | Rutledge Elizabeth | Tax withheld | 4.6K | $352.17 |
| 2026-02-01 | Rutledge Elizabeth | Grant | 72 | — |
| 2026-02-01 | Rutledge Elizabeth | Tax withheld | 40 | $352.17 |
| 2026-02-01 | Radhakrishnan Ravikumar | Grant | 20K | — |
| 2026-02-01 | Radhakrishnan Ravikumar | Tax withheld | 9.9K | $352.17 |
| 2026-02-01 | Lieberman Quinn Jessica | Grant | 5.9K | — |
| 2026-02-01 | Lieberman Quinn Jessica | Tax withheld | 2.8K | $352.17 |
| 2026-02-01 | Pickett Denise | Grant | 21K | — |
| 2026-02-01 | Pickett Denise | Tax withheld | 10K | $352.17 |
| 2026-02-01 | McNeal Glenda G | Grant | 12K | — |
| 2026-02-01 | McNeal Glenda G | Tax withheld | 6.1K | $352.17 |
| 2026-02-01 | Marrs Anna | Grant | 25K | — |
| 2026-02-01 | Marrs Anna | Tax withheld | 14K | $352.17 |
| 2025-12-12 | Joabar Raymond | Sell | 1.4K | $384.93 |
| 2025-12-12 | Joabar Raymond | Gift | 650 | — |
| 2025-12-04 | Buckminster Douglas E. | Gift | 14K | — |
| 2025-11-03 | Squeri Stephen J | Gift | 11K | — |
| 2025-10-31 | Rutledge Elizabeth | Sell | 9.0K | $361.57 |
| 2025-10-31 | Rutledge Elizabeth | Sell | 4.2K | $359.04 |
| 2025-10-31 | Rutledge Elizabeth | Sell | 16K | $360.09 |
| 2025-10-31 | Rutledge Elizabeth | Option exercise | 50K | $65.43 |
| 2025-10-31 | Rutledge Elizabeth | Sell | 1.1K | $356.94 |
| 2025-10-31 | Rutledge Elizabeth | Sell | 5.0K | $358.10 |
| 2025-10-31 | Rutledge Elizabeth | Sell | 15K | $360.79 |
| 2025-10-23 | Tabish Douglas | Sell | 2.5K | $355.61 |
| 2025-10-22 | Pickett Denise | Sell | 5.0K | $350.73 |
| 2025-10-21 | Squeri Stephen J | Gift | 6.7K | — |
| 2025-10-21 | Squeri Stephen J | Gift | 21K | — |
| 2025-10-21 | Squeri Stephen J | Other | 11K | — |
| 2025-09-04 | Squeri Stephen J | Sell | 39K | $330.43 |
| 2025-09-04 | Squeri Stephen J | Option exercise | 112K | $131.68 |
| 2025-09-04 | Squeri Stephen J | Sell | 24K | $329.03 |
| 2025-09-04 | Squeri Stephen J | Sell | 49K | $329.81 |
| 2025-09-04 | Squeri Stephen J | Other | 53K | — |
| 2025-09-04 | Squeri Stephen J | Other | 53K | — |
| 2025-09-03 | Herena Monique | Sell | 8.7K | $325.88 |
| 2025-09-03 | Herena Monique | Gift | 610 | — |
| 2025-09-02 | Buckminster Douglas E. | Sell | 24K | $326.37 |
| 2025-09-02 | Buckminster Douglas E. | Gift | 610 | — |
| 2025-09-02 | Buckminster Douglas E. | Option exercise | 24K | $55.09 |
| 2025-08-06 | Seeger Laureen | Option exercise | 17K | $177.06 |
| 2025-08-06 | Seeger Laureen | Sell | 17K | $294.83 |
| 2025-08-05 | Seeger Laureen | Sell | 22K | $297.88 |
| 2025-08-05 | Seeger Laureen | Sell | 39K | $297.24 |
| 2025-07-29 | Marrs Anna | Sell | 5.5K | $310.77 |
| 2025-07-29 | McNeal Glenda G | Option exercise | 50K | $65.43 |
| 2025-07-29 | McNeal Glenda G | Sell | 18K | $309.27 |
| 2025-07-29 | McNeal Glenda G | Sell | 32K | $309.62 |
| 2025-05-20 | Marquez Rafael | Sell | 12K | $296.93 |
| 2025-05-13 | Joabar Raymond | Sell | 400 | $302.44 |
| 2025-05-06 | Grosfield Howard | Sell | 9.4K | $275.50 |
| 2025-04-29 | McNeal Glenda G | Sell | 3.0K | $264.66 |
| 2025-04-09 | Joabar Raymond | Buy | 2 | $261.56 |
| 2025-03-07 | Angelakis Michael J | Buy | 3.7K | $269.89 |
| 2025-03-04 | Marrs Anna | Option exercise | 16K | $177.06 |
| 2025-03-04 | Marrs Anna | Sell | 3.7K | $285.00 |
| 2025-03-04 | Marrs Anna | Sell | 697 | $285.51 |
| 2025-03-04 | Marrs Anna | Sell | 2.3K | $286.68 |
| 2025-03-04 | Marrs Anna | Sell | 9.0K | $287.18 |
| 2025-03-04 | Marrs Anna | Sell | 301 | $287.78 |
| 2025-03-04 | Marrs Anna | Sell | 300 | $290.76 |
| 2025-03-04 | Marrs Anna | Sell | 5.7K | $291.50 |
| 2025-02-26 | Lieberman Quinn Jessica | Sell | 3.0K | $296.43 |
| 2025-02-11 | McNeal Glenda G | Sell | 7.4K | $309.96 |
| 2025-02-06 | Squeri Stephen J | Sell | 7.3K | $318.25 |
| 2025-02-06 | Squeri Stephen J | Sell | 7.4K | $318.66 |
| 2025-02-06 | Squeri Stephen J | Sell | 7.5K | $319.12 |
| 2025-02-06 | Squeri Stephen J | Sell | 8.2K | $319.57 |
| 2025-02-06 | Squeri Stephen J | Sell | 13K | $320.08 |
| 2025-02-06 | Squeri Stephen J | Sell | 7.6K | $320.52 |
| 2025-02-05 | Radhakrishnan Ravikumar | Sell | 9.5K | $319.17 |
| 2025-02-05 | Pickett Denise | Option exercise | 14K | $177.06 |
| 2025-02-05 | Pickett Denise | Sell | 23K | $318.69 |
| 2025-02-05 | Joabar Raymond | Sell | 11K | $317.01 |
| 2025-01-28 | Williams Anre D | Grant | 33K | $316.42 |
| 2025-01-28 | Williams Anre D | Tax withheld | 16K | $316.42 |
| 2025-01-28 | Squeri Stephen J | Grant | 103K | $316.42 |
| 2025-01-28 | Squeri Stephen J | Tax withheld | 52K | $316.42 |
| 2025-01-28 | Pickett Denise | Grant | 21K | $316.42 |
| 2025-01-28 | Pickett Denise | Tax withheld | 12K | $316.42 |
| 2025-01-28 | Skyler Jennifer | Grant | 9.0K | $316.42 |
| 2025-01-28 | Skyler Jennifer | Tax withheld | 4.5K | $316.42 |
| 2025-01-28 | Joabar Raymond | Grant | 24K | $316.42 |
| 2025-01-28 | Joabar Raymond | Tax withheld | 13K | $316.42 |
| 2025-01-28 | Joabar Raymond | Option exercise | 15K | $116.26 |
| 2025-01-28 | Joabar Raymond | Sell | 15K | $313.94 |
| 2025-01-28 | Seeger Laureen | Grant | 26K | $316.42 |
| 2025-01-28 | Seeger Laureen | Tax withheld | 14K | $316.42 |
| 2025-01-28 | Rutledge Elizabeth | Grant | 8.8K | $316.42 |
| 2025-01-28 | Rutledge Elizabeth | Tax withheld | 4.4K | $316.42 |
| 2025-01-28 | Le Caillec Christophe | Grant | 9.3K | $316.42 |
| 2025-01-28 | Le Caillec Christophe | Tax withheld | 4.7K | $316.42 |
| 2025-01-28 | Radhakrishnan Ravikumar | Grant | 27K | $316.42 |
| 2025-01-28 | Radhakrishnan Ravikumar | Tax withheld | 13K | $316.42 |
| 2025-01-28 | Lieberman Quinn Jessica | Grant | 5.8K | $316.42 |
| 2025-01-28 | Lieberman Quinn Jessica | Tax withheld | 2.7K | $316.42 |
| 2025-01-28 | Tabish Douglas | Grant | 9.3K | $316.42 |
| 2025-01-28 | Tabish Douglas | Tax withheld | 4.3K | $316.42 |
| 2025-01-28 | McNeal Glenda G | Grant | 9.8K | $316.42 |
| 2025-01-28 | McNeal Glenda G | Tax withheld | 5.0K | $316.42 |
| 2025-01-28 | Marquez Rafael | Grant | 12K | $316.42 |
| 2025-01-28 | Marquez Rafael | Tax withheld | 5.6K | $316.42 |
| 2025-01-28 | Marrs Anna | Grant | 24K | $316.42 |
| 2025-01-28 | Marrs Anna | Tax withheld | 13K | $316.42 |
| 2025-01-28 | Herena Monique | Grant | 18K | $316.42 |
| 2025-01-28 | Herena Monique | Tax withheld | 9.7K | $316.42 |
| 2025-01-28 | Grosfield Howard | Grant | 12K | $316.42 |
| 2025-01-28 | Grosfield Howard | Tax withheld | 6.1K | $316.42 |
| 2025-01-28 | Buckminster Douglas E. | Tax withheld | 21K | $316.42 |
| 2025-01-28 | Buckminster Douglas E. | Grant | 38K | $316.42 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (2)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-25 | 2026-06-25 | 0000004962-26-000281 ↗ |
| 8-K | 2026-06-17 | 2026-06-17 | 0000004962-26-000270 ↗ |
| 8-K | 2026-06-15 | 2026-06-15 | 0000004962-26-000263 ↗ |
| 8-K | 2026-05-15 | 2026-05-15 | 0000004962-26-000249 ↗ |
| 8-K | 2026-05-07 | 2026-05-05 | 0000004962-26-000231 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0000004962-26-000203 ↗ |
| 8-K | 2026-05-04 | 2026-05-04 | 0000004962-26-000207 ↗ |
| 10-Q | 2026-04-23 | 2026-03-31 | 0000004962-26-000192 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0000004962-26-000188 ↗ |
| 8-K | 2026-04-15 | 2026-04-15 | 0000004962-26-000148 ↗ |
| 8-K | 2026-03-16 | 2026-03-16 | 0000004962-26-000121 ↗ |
| 8-K | 2026-03-02 | 2026-03-02 | 0000004962-26-000112 ↗ |