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). See American Express Company current assets vs equity to evaluate short-term liquidity relative to the company's equity base.
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 operating cash flow to total debt to assess how comfortably operating cash covers total debt obligations.
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 American Express Company stock valuation.
| 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 | — |