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). Explore American Express Company capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
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. For the full cash flow conversion analysis, see AXP cash generation efficiency.
Annual Free Cash Flow Generation for American Express Company (1989–2025)
Year-by-year Free Cash Flow Generation Index for American Express Company. Check American Express Company cash flow reinvestment rate to assess the company's total reinvestment commitment from operating cash flow.
| 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 | — |