American Express Company (AXP) — Cash Flow Quality Index
American Express Company (AXP) has a Cash Flow Quality Index of 1.28x as of March 2026. Operating cash flow of $3.80 Billion exceeds net income of $2.97 Billion, indicating high earnings quality where cash backs reported profits. Explore cash flow to debt ratio of American Express Company to assess how comfortably operating cash covers total debt obligations.
Cash Flow Quality Index
Operating Cash Flow
Net Income
Data as of
American Express Company Cash Flow Quality Index (1989–2025)
Historical Cash Flow Quality Index for American Express Company across 37 annual periods. Values consistently above 1.0x indicate high-quality earnings. For the full cash flow conversion analysis, see AXP cash generation efficiency.
Annual Cash Flow Quality Index for American Express Company (1989–2025)
Year-by-year earnings quality comparison for American Express Company.
| Year | Quality Index | Operating CF (USD) | Net Income | YoY Change |
|---|---|---|---|---|
| 2025 | 1.70x | $18.43 Billion | $10.83 Billion | ▲ +22.6% |
| 2024 | 1.39x | $14.05 Billion | $10.13 Billion | ▼ -37.4% |
| 2023 | 2.22x | $18.56 Billion | $8.37 Billion | ▼ -21.0% |
| 2022 | 2.81x | $21.08 Billion | $7.51 Billion | ▲ +54.4% |
| 2021 | 1.82x | $14.64 Billion | $8.06 Billion | ▲ +1.9% |
| 2020 | 1.78x | $5.59 Billion | $3.13 Billion | ▼ -11.6% |
| 2019 | 2.02x | $13.63 Billion | $6.76 Billion | ▲ +56.3% |
| 2018 | 1.29x | $8.93 Billion | $6.92 Billion | ▼ -73.9% |
| 2017 | 4.95x | $13.54 Billion | $2.74 Billion | ▲ +225.4% |
| 2016 | 1.52x | $8.22 Billion | $5.41 Billion | ▼ -28.4% |
| 2015 | 2.13x | $10.97 Billion | $5.16 Billion | ▲ +13.8% |
| 2014 | 1.87x | $10.99 Billion | $5.88 Billion | ▲ +17.1% |
| 2013 | 1.59x | $8.55 Billion | $5.36 Billion | ▲ +0.9% |
| 2012 | 1.58x | $7.08 Billion | $4.48 Billion | ▼ -26.1% |
| 2011 | 2.14x | $10.47 Billion | $4.90 Billion | ▼ -6.6% |
| 2010 | 2.29x | $9.29 Billion | $4.06 Billion | ▼ -23.4% |
| 2009 | 2.99x | $6.38 Billion | $2.14 Billion | ▼ -1.0% |
| 2008 | 3.02x | $8.67 Billion | $2.87 Billion | ▲ +44.0% |
| 2007 | 2.10x | $8.48 Billion | $4.05 Billion | ▼ -13.2% |
| 2006 | 2.41x | $9.01 Billion | $3.73 Billion | ▲ +12.1% |
| 2005 | 2.15x | $8.04 Billion | $3.73 Billion | ▼ -18.8% |
| 2004 | 2.65x | $9.14 Billion | $3.44 Billion | ▲ +212.4% |
| 2003 | 0.85x | $2.54 Billion | $2.99 Billion | ▼ -73.8% |
| 2002 | 3.25x | $8.67 Billion | $2.67 Billion | ▼ -20.0% |
| 2001 | 4.06x | $5.32 Billion | $1.31 Billion | ▲ +79.6% |
| 2000 | 2.26x | $6.35 Billion | $2.81 Billion | ▼ -24.2% |
| 1999 | 2.98x | $7.38 Billion | $2.48 Billion | ▲ +44.8% |
| 1998 | 2.06x | $4.41 Billion | $2.14 Billion | ▼ -20.6% |
| 1997 | 2.60x | $5.17 Billion | $1.99 Billion | ▼ -0.1% |
| 1996 | 2.60x | $4.94 Billion | $1.90 Billion | ▲ +33.1% |
| 1995 | 1.95x | $3.05 Billion | $1.56 Billion | ▲ +48.6% |
| 1994 | 1.31x | $1.81 Billion | $1.38 Billion | ▲ +410.8% |
| 1993 | 0.26x | $413.00 Million | $1.60 Billion | ▲ +110.6% |
| 1992 | -2.44x | $-1.06 Billion | $436.00 Million | ▼ -572.2% |
| 1991 | 0.52x | $407.00 Million | $789.00 Million | ▼ -96.2% |
| 1990 | 13.56x | $4.58 Billion | $338.00 Million | ▲ +162.6% |
| 1989 | 5.16x | $5.97 Billion | $1.16 Billion | — |