American Express AXP
American Express is a global payments and premium lifestyle brand powered by technology. 10-K, Item 1
- Employees
- 76,800
- Headquarters
- New York, NY
- CEO
- Stephen J. Squeri
- Next results
- around Jan 29, 2027
AXP among Financials peers
Six ratios from the latest 10-K. Each corner is the share of 75 peers the company is above, not a score.
What changed
6 new risk paragraphs and 1 accounting fact worth reading about. 10-K filed Feb 6, 2026 against Feb 7, 2025.
Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.
Accounting checks
8 checks on the latest 10-K. Checks, not verdicts.
1fact worth reading about the other 7 checks found nothing to note
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Critical audit matters changedNew this year: Table of Contents (“Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the reserves for credit losses on Card Member loans.”). Same as last year: Reserves for Credit Losses on Card Member Loans; Membership Rewards Liability
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Same auditor in both 10-Ks: PricewaterhouseCoopers LLP
6 more checks with nothing to note
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No statement of substantial doubt about going concern
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No 8-K item 4.02 in the last 2 years
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No NT 10-K or NT 10-Q in the last 2 years
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No sentence in the 10-K concludes that controls were not effective because of a material weakness
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No 8-K item 2.06 in the last 2 years
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No 8-K item 1.03 in the last 2 years
In their words
6 paragraphs in Risk Factors that were not in the 10-K filed Feb 7, 2025. Quoted as filed.
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Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
We are a multinational company that derives a substantial portion of its revenues from activities outside of the United States and many of our U.S. customers have an international presence or are otherwise affected by global developments. Accordingly, events that impact international relations and geopolitical stability may have a…
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Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
We have acquired a number of businesses and have made a number of strategic investments, and continue to evaluate potential transactions. There is no assurance that we will be able to successfully identify suitable candidates, value potential investment or acquisition opportunities accurately, detect potential risks and liabilities…
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Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
We rely extensively on our information technology systems and those of our third parties, including our transaction authorization, clearing and settlement systems, data centers and cloud data storage and processing services, which have experienced and may continue to experience service disruptions or degradation that may result from…
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Item 1A · new paragraph · not in the 10-K filed Feb 7, 2025 10-K, ITEM 1A
We face risks from fraudulent activity associated with Card Members, merchants and others, including through bad actors obtaining access to our customer accounts and information and frauds committed by our customers against us. Large financial services firms such as American Express and our customers are regularly targeted by a range of…
New risk paragraphs, against peers
Latest 10-K of each, Financials companies closest in revenue
Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.
From the same starting line, FY2016 to FY2025
Revenue, net income and free cash flow, each set to 100 in FY2016. What happened, from the 10-Ks. Not a forecast.
Financial performance
Last 4 fiscal years · 10-K XBRL
| Metric | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | $52.9B | $60.5B | $65.9B | $72.2B |
| Net income | $7.5B | $8.4B | $10.1B | $10.8B |
| Operating cash flow | $21.1B | $18.6B | $14.1B | $18.4B |
| Free cash flow | $19.2B | $17.0B | $12.1B | $16.0B |
Revenue, FY2016 to FY2025
Ten fiscal years, each from its own 10-K · XBRL · USD
$72.2B ▲ 9.5% in FY2025$10.8B ▲ 7.0% in FY2025$16.0B ▲ 31.8% in FY2025
Recent filings
4 filings in the last 30 days · SEC EDGAR
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8-KOct 30, 2026Other events 8-K item 8.01
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8-KOct 23, 2026Quarterly results, Regulation FD disclosure 8-K items 2.02, 7.01
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10-QOct 23, 2026Quarterly report (10-Q) period ended Sep 30, 2026
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8-KOct 15, 2026Regulation FD disclosure 8-K item 7.01
About the company
American Express, New York, NY · from the 10-K filed Feb 6, 2026
American Express is a global payments and premium lifestyle brand powered by technology. Founded in 1850 and headquartered in New York, American Express’ card-issuing, merchant-acquiring and card network businesses offer products and services to a broad range of customers, including consumers, small businesses, mid-sized companies and large corporations around the world. • Credit and charge cards and complementary products and services, including travel, dining, lifestyle and expense management products and services
- Headquarters
- New York, NY
- Country
- United States
- Listed on
- NYSE
- Fiscal year ends
- December 31
- Last results
- Oct 23, 2026
- Incorporated in
- NY
Employees, at the top of the page: "As of December 31, 2025, we employed approximately 76,800 people, whom we refer to as colleagues, with approximately 25,900 colleagues in the United States and approximately 50,900 colleagues outside the United States" (10-K). Address and exchange: SEC's company file.
Email alerts
Sources
The 10-K filed Feb 6, 2026 (open at SEC), compared with the 10-K filed Feb 7, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.
Work with it: Excel workbook · CSV. Google Sheet that stays up to date: paste =IMPORTDATA("https://tickdelta.com/company/AXP/export.csv") into a cell.