American Express Company Free Cash Flow Generation Index
American Express Company 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).
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Free Cash Flow Generation Index of American Express Company (1989–2025)
Free cash flow generation index of American Express Company from 1989 to 2025. Historical FCF Generation Index trend for American Express Company across 36 annual periods. See American Express Company leverage flexibility ratio to measure the company's free cash flow as a share of total liabilities.
American Express Company Free Cash Flow Generation Index by Year (1989–2025)
American Express Company free cash flow generation index by year from 1989 to 2025. Year-by-year Free Cash Flow Generation Index for American Express Company. For the full cash flow conversion analysis, see AXP cash generation efficiency.
| 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 | — |