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). See American Express Company net asset quality index to measure how much of total assets are equity-financed.
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. Check AXP capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for American Express Company (1989–2025)
Year-by-year Capital Reinvestment Ratio for American Express Company from 1989 to 2025. For live market cap and broader valuation context, see American Express Company stock valuation.
| 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 | — |