American Express Company (AXP) — Free Cash Flow Generation Index
American Express Company (AXP) has a Free Cash Flow Generation Index of 0.70x as of March 2026. Free cash flow of $2.65 Billion represents 1% of operating cash flow ($3.80 Billion). Read AXP current and long-term liabilities for a breakdown of total debt and financial obligations.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
American Express Company Free Cash Flow Generation Index (1989–2025)
Historical FCF Generation Index trend for American Express Company across 36 annual periods. Explore AXP capital reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
Annual Free Cash Flow Generation for American Express Company (1989–2025)
Year-by-year Free Cash Flow Generation Index for American Express Company. For the full company profile including market capitalisation, see AXP market cap overview.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.87x | $16.00 Billion | $18.43 Billion | $2.42 Billion | ▲ +0.5% |
| 2024 | 0.86x | $12.14 Billion | $14.05 Billion | $1.91 Billion | ▼ -5.7% |
| 2023 | 0.92x | $17.00 Billion | $18.56 Billion | $1.56 Billion | ▲ +0.4% |
| 2022 | 0.91x | $19.22 Billion | $21.08 Billion | $1.85 Billion | ▲ +2.0% |
| 2021 | 0.89x | $13.10 Billion | $14.64 Billion | $1.55 Billion | ▲ +21.5% |
| 2020 | 0.74x | $4.11 Billion | $5.59 Billion | $1.48 Billion | ▼ -16.3% |
| 2019 | 0.88x | $11.99 Billion | $13.63 Billion | $1.65 Billion | ▲ +3.0% |
| 2018 | 0.85x | $7.62 Billion | $8.93 Billion | $1.31 Billion | ▼ -7.4% |
| 2017 | 0.92x | $12.48 Billion | $13.54 Billion | $1.06 Billion | ▲ +10.7% |
| 2016 | 0.83x | $6.85 Billion | $8.22 Billion | $1.38 Billion | ▼ -5.1% |
| 2015 | 0.88x | $9.63 Billion | $10.97 Billion | $1.34 Billion | ▼ -1.5% |
| 2014 | 0.89x | $9.79 Billion | $10.99 Billion | $1.20 Billion | ▲ +1.0% |
| 2013 | 0.88x | $7.54 Billion | $8.55 Billion | $1.01 Billion | ▲ +3.6% |
| 2012 | 0.85x | $6.03 Billion | $7.08 Billion | $1.05 Billion | ▼ -4.0% |
| 2011 | 0.89x | $9.29 Billion | $10.47 Billion | $1.19 Billion | ▼ -2.0% |
| 2010 | 0.90x | $8.40 Billion | $9.29 Billion | $887.00 Million | ▲ +2.9% |
| 2009 | 0.88x | $5.61 Billion | $6.38 Billion | $772.00 Million | ▼ -0.9% |
| 2008 | 0.89x | $7.69 Billion | $8.67 Billion | $977.00 Million | ▼ -0.2% |
| 2007 | 0.89x | $7.55 Billion | $8.48 Billion | $938.00 Million | ▼ -1.7% |
| 2006 | 0.90x | $8.14 Billion | $9.01 Billion | $861.00 Million | ▼ -2.2% |
| 2005 | 0.92x | $7.44 Billion | $8.04 Billion | $608.00 Million | ▲ +0.6% |
| 2004 | 0.92x | $8.40 Billion | $9.14 Billion | $740.00 Million | ▲ +53.8% |
| 2003 | 0.60x | $1.52 Billion | $2.54 Billion | $1.02 Billion | ▼ -35.2% |
| 2002 | 0.92x | $8.00 Billion | $8.67 Billion | $670.00 Million | ▲ +10.0% |
| 2001 | 0.84x | $4.46 Billion | $5.32 Billion | $859.00 Million | ▼ -2.0% |
| 2000 | 0.86x | $5.43 Billion | $6.35 Billion | $919.00 Million | ▼ -3.8% |
| 1999 | 0.89x | $6.57 Billion | $7.38 Billion | $819.00 Million | ▲ +10.5% |
| 1998 | 0.80x | $3.55 Billion | $4.41 Billion | $862.00 Million | ▼ -13.8% |
| 1997 | 0.93x | $4.83 Billion | $5.17 Billion | $343.00 Million | ▲ +2.5% |
| 1996 | 0.91x | $4.50 Billion | $4.94 Billion | $438.00 Million | ▲ +2.8% |
| 1995 | 0.89x | $2.71 Billion | $3.05 Billion | $347.00 Million | ▲ +8.6% |
| 1994 | 0.82x | $1.48 Billion | $1.81 Billion | $333.00 Million | ▲ +165.5% |
| 1993 | 0.31x | $127.00 Million | $413.00 Million | $286.00 Million | ▲ +150.3% |
| 1991 | -0.61x | $-249.00 Million | $407.00 Million | $656.00 Million | ▼ -172.6% |
| 1990 | 0.84x | $3.87 Billion | $4.58 Billion | $719.00 Million | ▲ +0.5% |
| 1989 | 0.84x | $5.01 Billion | $5.97 Billion | $962.00 Million | — |