American Express Company (AXP) — Capital Reinvestment Ratio
American Express Company (AXP) has a Capital Reinvestment Ratio of 0.30x as of March 2026, meaning it reinvests 0% of its operating cash flow ($3.80 Billion) in capital expenditures ($1.15 Billion). Check AXP goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
American Express Company Capital Reinvestment Ratio (1989–2025)
This chart tracks American Express Company's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see AXP cash generation efficiency.
Annual Capital Reinvestment Ratio for American Express Company (1989–2025)
Year-by-year Capital Reinvestment Ratio for American Express Company from 1989 to 2025. See how much free cash does American Express Company generate to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.13x | $18.43 Billion | $2.42 Billion | ▼ -3.3% |
| 2024 | 0.14x | $14.05 Billion | $1.91 Billion | ▲ +61.5% |
| 2023 | 0.08x | $18.56 Billion | $1.56 Billion | ▼ -4.3% |
| 2022 | 0.09x | $21.08 Billion | $1.85 Billion | ▼ -16.9% |
| 2021 | 0.11x | $14.64 Billion | $1.55 Billion | ▼ -60.0% |
| 2020 | 0.26x | $5.59 Billion | $1.48 Billion | ▲ +119.1% |
| 2019 | 0.12x | $13.63 Billion | $1.65 Billion | ▼ -17.7% |
| 2018 | 0.15x | $8.93 Billion | $1.31 Billion | ▲ +87.0% |
| 2017 | 0.08x | $13.54 Billion | $1.06 Billion | ▼ -53.1% |
| 2016 | 0.17x | $8.22 Billion | $1.38 Billion | ▲ +36.8% |
| 2015 | 0.12x | $10.97 Billion | $1.34 Billion | ▲ +12.4% |
| 2014 | 0.11x | $10.99 Billion | $1.20 Billion | ▼ -7.6% |
| 2013 | 0.12x | $8.55 Billion | $1.01 Billion | ▼ -20.8% |
| 2012 | 0.15x | $7.08 Billion | $1.05 Billion | ▲ +31.0% |
| 2011 | 0.11x | $10.47 Billion | $1.19 Billion | ▲ +18.9% |
| 2010 | 0.10x | $9.29 Billion | $887.00 Million | ▼ -21.0% |
| 2009 | 0.12x | $6.38 Billion | $772.00 Million | ▲ +7.3% |
| 2008 | 0.11x | $8.67 Billion | $977.00 Million | ▲ +2.0% |
| 2007 | 0.11x | $8.48 Billion | $938.00 Million | ▲ +15.6% |
| 2006 | 0.10x | $9.01 Billion | $861.00 Million | ▲ +26.5% |
| 2005 | 0.08x | $8.04 Billion | $608.00 Million | ▼ -6.6% |
| 2004 | 0.08x | $9.14 Billion | $740.00 Million | ▼ -79.9% |
| 2003 | 0.40x | $2.54 Billion | $1.02 Billion | ▲ +420.8% |
| 2002 | 0.08x | $8.67 Billion | $670.00 Million | ▼ -52.1% |
| 2001 | 0.16x | $5.32 Billion | $859.00 Million | ▲ +11.5% |
| 2000 | 0.14x | $6.35 Billion | $919.00 Million | ▲ +30.4% |
| 1999 | 0.11x | $7.38 Billion | $819.00 Million | ▼ -43.2% |
| 1998 | 0.20x | $4.41 Billion | $862.00 Million | ▲ +194.4% |
| 1997 | 0.07x | $5.17 Billion | $343.00 Million | ▼ -25.2% |
| 1996 | 0.09x | $4.94 Billion | $438.00 Million | ▼ -21.9% |
| 1995 | 0.11x | $3.05 Billion | $347.00 Million | ▼ -38.1% |
| 1994 | 0.18x | $1.81 Billion | $333.00 Million | ▼ -73.5% |
| 1993 | 0.69x | $413.00 Million | $286.00 Million | ▼ -57.0% |
| 1991 | 1.61x | $407.00 Million | $656.00 Million | ▲ +927.6% |
| 1990 | 0.16x | $4.58 Billion | $719.00 Million | ▼ -2.6% |
| 1989 | 0.16x | $5.97 Billion | $962.00 Million | — |