American Express Company (AXP) — Cash Flow Reinvestment Rate
American Express Company (AXP) has a Cash Flow Reinvestment Rate of 0.76x as of March 2026, reinvesting $2.89 Billion (capex $1.15 Billion plus investments $-1.74 Billion) from operating cash flow of $3.80 Billion. See how much free cash does American Express Company generate to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
American Express Company Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for American Express Company across 36 annual periods. For the full cash flow conversion analysis, see American Express Company (AXP) cash conversion ratio.
Annual Cash Flow Reinvestment Rate for American Express Company (1989–2025)
Year-by-year capital reinvestment analysis for American Express Company. See how financially flexible is American Express Company to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.15x | $2.69 Billion | $18.43 Billion | $2.42 Billion | ▼ -92.2% |
| 2024 | 1.87x | $26.31 Billion | $14.05 Billion | $1.91 Billion | ▲ +33.7% |
| 2023 | 1.40x | $26.00 Billion | $18.56 Billion | $1.56 Billion | ▼ -12.3% |
| 2022 | 1.60x | $33.67 Billion | $21.08 Billion | $1.85 Billion | ▲ +122.2% |
| 2021 | 0.72x | $10.53 Billion | $14.64 Billion | $1.55 Billion | ▼ -73.3% |
| 2020 | 2.69x | $15.05 Billion | $5.59 Billion | $1.48 Billion | ▲ +122.3% |
| 2019 | 1.21x | $16.51 Billion | $13.63 Billion | $1.65 Billion | ▼ -43.4% |
| 2018 | 2.14x | $19.09 Billion | $8.93 Billion | $1.31 Billion | ▲ +49.7% |
| 2017 | 1.43x | $19.34 Billion | $13.54 Billion | $1.06 Billion | ▲ +262.1% |
| 2016 | 0.39x | $3.24 Billion | $8.22 Billion | $1.38 Billion | ▼ -45.4% |
| 2015 | 0.72x | $7.92 Billion | $10.97 Billion | $1.34 Billion | ▲ +1.5% |
| 2014 | 0.71x | $7.81 Billion | $10.99 Billion | $1.20 Billion | ▼ -15.0% |
| 2013 | 0.84x | $7.15 Billion | $8.55 Billion | $1.01 Billion | ▼ -3.1% |
| 2012 | 0.86x | $6.11 Billion | $7.08 Billion | $1.05 Billion | ▲ +161.6% |
| 2011 | 0.33x | $3.46 Billion | $10.47 Billion | $1.19 Billion | ▲ +220.4% |
| 2010 | 0.10x | $956.00 Million | $9.29 Billion | $887.00 Million | ▼ -73.8% |
| 2009 | 0.39x | $2.51 Billion | $6.38 Billion | $772.00 Million | ▲ +248.3% |
| 2008 | 0.11x | $977.00 Million | $8.67 Billion | $977.00 Million | ▲ +2.0% |
| 2007 | 0.11x | $938.00 Million | $8.48 Billion | $938.00 Million | ▲ +15.6% |
| 2006 | 0.10x | $861.00 Million | $9.01 Billion | $861.00 Million | ▲ +26.5% |
| 2005 | 0.08x | $608.00 Million | $8.04 Billion | $608.00 Million | ▼ -6.6% |
| 2004 | 0.08x | $740.00 Million | $9.14 Billion | $740.00 Million | ▼ -79.9% |
| 2003 | 0.40x | $1.02 Billion | $2.54 Billion | $1.02 Billion | ▲ +420.8% |
| 2002 | 0.08x | $670.00 Million | $8.67 Billion | $670.00 Million | ▼ -52.1% |
| 2001 | 0.16x | $859.00 Million | $5.32 Billion | $859.00 Million | ▲ +11.5% |
| 2000 | 0.14x | $919.00 Million | $6.35 Billion | $919.00 Million | ▲ +30.4% |
| 1999 | 0.11x | $819.00 Million | $7.38 Billion | $819.00 Million | ▼ -43.2% |
| 1998 | 0.20x | $862.00 Million | $4.41 Billion | $862.00 Million | ▲ +194.4% |
| 1997 | 0.07x | $343.00 Million | $5.17 Billion | $343.00 Million | ▼ -25.2% |
| 1996 | 0.09x | $438.00 Million | $4.94 Billion | $438.00 Million | ▼ -21.9% |
| 1995 | 0.11x | $347.00 Million | $3.05 Billion | $347.00 Million | ▼ -38.1% |
| 1994 | 0.18x | $333.00 Million | $1.81 Billion | $333.00 Million | ▼ -73.5% |
| 1993 | 0.69x | $286.00 Million | $413.00 Million | $286.00 Million | ▼ -57.0% |
| 1991 | 1.61x | $656.00 Million | $407.00 Million | $656.00 Million | ▲ +927.6% |
| 1990 | 0.16x | $719.00 Million | $4.58 Billion | $719.00 Million | ▼ -2.6% |
| 1989 | 0.16x | $962.00 Million | $5.97 Billion | $962.00 Million | — |