Why did American Express (AXP) stock move recently?

On 7/24/2026, American Express moved -4.3% — AXP fell after reporting Q2 results that beat EPS but narrowly missed revenue, with expenses rising 12% YoY and full-year EPS guidance left unchanged (while revenue guidance was raised modestly); investors focused on the reinvestment of outperformance into growth rather than bottom-line gains. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is American Express (AXP) overvalued or fairly valued?

MarketChacha shows American Express's valuation in context — a trailing P/E of about 19.9, a forward P/E of about 16.8, a price-to-book of about 6.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does American Express's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.74×) from reported figures — education, not a rating.

What is American Express's revenue?

American Express reported revenue of $41.3B for FY2025, with net profit of $10.8B, per official filings.

What is the share price of American Express (AXP)?

American Express last traded at $338.86 (-0.6% on the day), as of 8/10/2026 — a delayed quote shown for education, not investment advice.

American Express

AXP · NYSE · Payments · United States

Snapshot

TickerAXP

ExchangeNYSE

SectorPayments

IndustryCredit Services

CountryUnited States

Employees76,800

HeadquartersNew York, United States

Websitewww.americanexpress.com

Filings tracked25

About American Express

American Express Company, together with its subsidiaries, operates as an integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. The company offers credit and charge cards and complementary products and services, including travel, dining, and lifestyle and expense management products and services; and banking and other payment and financing products and services, including deposits and non-card lending. It also provides merchant acquisition and processing, servicing and settlement, fraud prevention, and point-of-sale marketing and information products and services, as well as network services. The company offers its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, affiliate marketing, customer referral programs, third-party service providers and business partners, in-house sales teams, direct mail, telephone, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.

Who owns it

Insiders22.6%
Institutions65.3%
Public & other12.1%

3,724 institutional holders

Ownership breakdown from public market data.

Top holders

Berkshire Hathaway, Inc22.45%
Blackrock Inc.6.22%
Vanguard Capital Management LLC4.89%
State Street Corporation4.31%
JPMORGAN CHASE & CO3.02%
Geode Capital Management, LLC2.10%
Morgan Stanley1.90%
Fisher Asset Management, LLC1.40%

Largest institutional holders — last updated 3/31/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.74×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend22.5% → 26.2%

Margin has expanded by about 3.7 points — the business is getting more profitable.

Return on equity32.4%

Latest ROE of 32.4% — capital is generating a healthy return.

Growth qualityrev 5% · PAT 14%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $20.9B · EPS 4.29

Est. earnings growth +21.3%

Next fiscal year

Rev $86.8B · EPS 20.11

Est. earnings growth +14.0%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$41.3B

Net margin

26.2%

ROE

32.4%

Revenue CAGR (2y)

+5.3%

Profit CAGR (2y)

+13.7%

EPS (FY2025)

15.38

Net profit (FY2025)

$10.8B

Ask MarketChacha about AXP

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 24, 2026
AXP fell after reporting Q2 results that beat EPS but narrowly missed revenue, with expenses rising 12% YoY and full-year EPS guidance left unchanged (while revenue guidance was raised modestly); investors focused on the reinvestment of outperformance into growth rather than bottom-line gains.
source 1 ↗source 2 ↗source 3 ↗· confidence: high

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$41.3B	$10.8B	15.38	26.2%	32.4%
FY2024	$38.8B	$10.1B	14.01	26.1%	33.5%
FY2023	$37.2B	$8.4B	11.21	22.5%	29.8%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$11.2B	$3.1B	4.53	27.7%
2026Q1	$10.5B	$3.0B	4.28	28.2%
2025Q3	$10.4B	$2.9B	4.14	27.9%
2025Q2	$10.3B	$2.9B	4.08	28.0%
2025Q1	$9.6B	$2.6B	3.64	26.8%
2024Q3	$9.7B	$2.5B	3.49	25.8%
2024Q2	$9.8B	$3.0B	4.15	30.7%
2024Q1	$9.3B	$2.4B	3.33	26.1%
2023Q3	$9.4B	$2.5B	3.30	26.1%
2023Q2	$9.4B	$2.2B	2.89	23.0%
2023Q1	$8.8B	$1.8B	2.40	20.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Other events
SEC8/5/2026material
10-Q filing
SEC7/24/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC7/24/2026material
8-K — Reg FD disclosure
SEC7/15/2026material
8-K — Reg FD disclosure, Exhibits
SEC6/25/2026material
8-K — Other events, Exhibits
SEC6/17/2026material
8-K — Reg FD disclosure
SEC6/15/2026material
8-K — Reg FD disclosure, Exhibits
SEC5/15/2026material
8-K — Shareholder vote results
SEC5/7/2026material
8-K — Reg FD disclosure
SEC5/4/2026material
8-K — Other events, Exhibits
SEC5/4/2026material
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC4/23/2026material
10-Q filing
SEC4/23/2026
8-K — Reg FD disclosure
SEC4/15/2026material
8-K — Reg FD disclosure
SEC3/16/2026material
8-K — Other events, Exhibits
SEC3/2/2026material
8-K — Reg FD disclosure
SEC2/25/2026material
8-K — Reg FD disclosure
SEC2/17/2026material
8-K — Other events, Exhibits
SEC2/10/2026material
10-K filing
SEC2/6/2026
8-K — Results of operations, Reg FD disclosure, Exhibits
SEC1/30/2026material
8-K — Reg FD disclosure
SEC1/15/2026material

2025

8-K — Reg FD disclosure
SEC12/15/2025material
8-K — Reg FD disclosure
SEC11/17/2025material
8-K — Other events, Exhibits
SEC10/24/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.