American Express Company Working Capital to Net Assets Ratio
American Express Company working capital to net assets ratio. American Express Company (AXP) has a Working Capital to Net Assets ratio of -303.3% as of March 2026. Working capital of $-103.12 Billion (current assets of $56.52 Billion minus current liabilities of $159.64 Billion) is measured against net assets of $33.99 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. Check AXP tangible net assets ratio to evaluate the tangible quality of the company's equity base.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Working Capital to Net Assets Ratio of American Express Company (1989–2025)
Working capital to net assets ratio of American Express Company from 1989 to 2025. This chart shows how American Express Company's Working Capital to Net Assets ratio has evolved across 37 annual periods from 1989 to 2025. As of March 2026, the ratio stands at -303.3%, reflecting working capital of $-103.12 Billion against net assets of $33.99 Billion USD. See American Express Company (AXP) defensive interval to measure how many days the company can operate on defensive assets alone.
American Express Company Working Capital to Net Assets Ratio by Year (1989–2025)
American Express Company working capital to net assets ratio by year from 1989 to 2025. The table below presents the year-by-year Working Capital to Net Assets ratio for American Express Company from 1989 to 2025, covering 37 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For the complete balance sheet picture, see AXP total assets.
| Year | WC/NA Ratio | Working Capital (USD) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -365.3% | $-122.27 Billion | $33.47 Billion | $48.53 Billion | $170.81 Billion | ▲ +14.9 pp |
| 2024 | -380.1% | $-115.05 Billion | $30.26 Billion | $41.74 Billion | $156.79 Billion | ▼ -34.6 pp |
| 2023 | -345.6% | $-96.96 Billion | $28.06 Billion | $48.65 Billion | $145.61 Billion | ▲ +8.3 pp |
| 2022 | -353.9% | $-87.45 Billion | $24.71 Billion | $38.39 Billion | $125.85 Billion | ▼ -30.1 pp |
| 2021 | -323.8% | $-71.81 Billion | $22.18 Billion | $27.20 Billion | $99.01 Billion | ▼ -140.7 pp |
| 2020 | -183.2% | $-42.10 Billion | $22.98 Billion | $57.47 Billion | $99.56 Billion | ▼ -162.5 pp |
| 2019 | -20.7% | $-4.77 Billion | $23.07 Billion | $89.48 Billion | $94.26 Billion | ▼ -98.9 pp |
| 2018 | 78.2% | $17.20 Billion | $22.00 Billion | $32.55 Billion | $15.36 Billion | ▲ +333.2 pp |
| 2017 | -255.1% | $-46.58 Billion | $18.26 Billion | $39.93 Billion | $86.51 Billion | ▼ -51.3 pp |
| 2016 | -203.7% | $-41.76 Billion | $20.50 Billion | $32.24 Billion | $74.01 Billion | ▼ -157.2 pp |
| 2015 | -46.5% | $-9.78 Billion | $21.00 Billion | $61.86 Billion | $71.63 Billion | ▲ +138.1 pp |
| 2014 | -184.6% | $-38.17 Billion | $20.67 Billion | $26.53 Billion | $64.70 Billion | ▼ -452.4 pp |
| 2013 | 267.7% | $50.87 Billion | $19.00 Billion | $66.49 Billion | $15.62 Billion | ▲ +437.3 pp |
| 2012 | -169.5% | $-32.02 Billion | $18.89 Billion | $27.79 Billion | $59.80 Billion | ▼ -16.5 pp |
| 2011 | -153.0% | $-28.75 Billion | $18.79 Billion | $30.93 Billion | $59.68 Billion | ▼ -428.1 pp |
| 2010 | 275.1% | $44.02 Billion | $16.00 Billion | $56.71 Billion | $12.69 Billion | ▲ +389.5 pp |
| 2009 | -114.4% | $-16.48 Billion | $14.41 Billion | $28.50 Billion | $44.98 Billion | ▼ -108.3 pp |
| 2008 | -6.1% | $-717.00 Million | $11.84 Billion | $39.88 Billion | $40.59 Billion | ▲ +316.1 pp |
| 2007 | -322.1% | $-35.53 Billion | $11.03 Billion | $12.57 Billion | $48.09 Billion | ▲ +9.8 pp |
| 2006 | -331.9% | $-34.89 Billion | $10.51 Billion | $8.25 Billion | $43.14 Billion | ▼ -635.0 pp |
| 2005 | 303.0% | $31.96 Billion | $10.55 Billion | $47.60 Billion | $15.63 Billion | ▲ +260.1 pp |
| 2004 | 43.0% | $6.88 Billion | $16.02 Billion | $41.30 Billion | $34.42 Billion | ▲ +64.5 pp |
| 2003 | -21.5% | $-3.30 Billion | $15.32 Billion | $36.99 Billion | $40.30 Billion | ▼ -21.2 pp |
| 2002 | -0.3% | $-45.00 Million | $13.86 Billion | $39.38 Billion | $39.42 Billion | ▲ +77.8 pp |
| 2001 | -78.1% | $-9.41 Billion | $12.04 Billion | $36.72 Billion | $46.13 Billion | ▲ +14.9 pp |
| 2000 | -93.0% | $-10.87 Billion | $11.68 Billion | $39.03 Billion | $49.90 Billion | ▼ -5.0 pp |
| 1999 | -88.0% | $-8.89 Billion | $10.10 Billion | $33.94 Billion | $42.82 Billion | ▼ -22.5 pp |
| 1998 | -65.6% | $-6.69 Billion | $10.20 Billion | $26.32 Billion | $33.00 Billion | ▼ -23.2 pp |
| 1997 | -42.4% | $-4.06 Billion | $9.57 Billion | $25.95 Billion | $30.01 Billion | ▲ +13.7 pp |
| 1996 | -56.2% | $-4.79 Billion | $8.53 Billion | $23.17 Billion | $27.96 Billion | ▼ -2.3 pp |
| 1995 | -53.9% | $-4.43 Billion | $8.22 Billion | $23.11 Billion | $27.54 Billion | ▲ +12.1 pp |
| 1994 | -66.0% | $-4.24 Billion | $6.43 Billion | $20.58 Billion | $24.82 Billion | ▲ +166.6 pp |
| 1993 | -232.5% | $-20.31 Billion | $8.73 Billion | $3.31 Billion | $23.62 Billion | ▲ +614.8 pp |
| 1992 | -847.3% | $-63.54 Billion | $7.50 Billion | $32.47 Billion | $96.01 Billion | ▼ -107.8 pp |
| 1991 | -739.5% | $-55.20 Billion | $7.46 Billion | $20.56 Billion | $75.77 Billion | ▲ +210.5 pp |
| 1990 | -950.0% | $-63.03 Billion | $6.63 Billion | $12.25 Billion | $75.28 Billion | ▼ -92.7 pp |
| 1989 | -857.3% | $-48.79 Billion | $5.69 Billion | $20.64 Billion | $69.43 Billion | — |