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American Express Company
NYSE: AXP Financials IT 🔎 Screen
Dow 30 S&P 500
$226.2B
Market Cap
24.1
P/E
1.81
PEG
0.4%
ROCE
34.0%
ROE
1.73
D/E
2.3%
OPM
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🌏 Global Investor Returns
Currency-adjusted total returns for AXP including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
Shareholding
About

American Express Company, together with its subsidiaries, operates as an integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and internationally.

Key Ratios Snapshot
📊 Sector Averages
📈 Growth Pattern
📊 Quick Scorecard
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⭐ Superinvestors Holding AXP
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Manager Shares Value % of Fund Period
Warren Buffett Berkshire Hathaway Inc 149.06M $45.1B 17.14% Mar 2026
Warren Buffett Berkshire Hathaway Inc 1.40M $423.4M 0.16% Mar 2026
Warren Buffett Berkshire Hathaway Inc 1.15M $347.8M 0.13% Mar 2026
Jim Simons Renaissance Technologies LLC 550.9K $166.6M 0.26% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
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🎙 Management Tone Mixed → Stable 4 quarters Full tone analysis in Intelligence →
Good quarter Investor Presentation One-Pager? Q1 2026
Revenue
$18.9B
+11% YoY
Net Income
$3.0B
+15% YoY
What Went Right
  • Card member spending grew 10% FX-reported, the highest quarterly growth in three years.
  • Consolidated revenues net of interest expense up 11% YoY to $18.9B.
  • Net income rose 15% to $3.0B, with diluted EPS of $4.28, up 18% YoY.
What to Watch
  • Airline spend softened in late March and early April due to travel disruptions from the Middle East conflict.
  • Co-brand portfolio exits (Amazon, Lowe's) will create a low single-digit drag on SME spend growth starting Q2.
  • Uncertainty in the macroeconomic and geopolitical environment remains elevated, with reserves reflecting macro uncertainty.
Management Guidance
  • Full-year 2026 revenue growth of 9%-10% (as reported).
  • Full-year 2026 EPS between $17.30 and $17.90.
  • Marketing expenses now expected to grow in the mid-single digits for the full year.
Investor Lens
The thesis is stronger after the call. The company delivered a clean beat on revenue and EPS, with spending momentum at a three-year high across premium cohorts. Management chose to reinvest the over-performance into marketing and technology, signaling confidence in sustaining growth. While airline softness and macro uncertainty are watchpoints, the premium customer base and best-in-class credit performance provide a resilient foundation. The reaffirmed guidance with increased investments suggests management sees a long runway.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong quarter with 11% revenue growth and 18% EPS growth.
Revenue
Total revenues net of interest expense were $18.9B in Q1, up 11% YoY (10% FX-adjusted). Growth was broad-based, with card fees up 16% FX-adjusted, net interest income up 12% FX-adjusted, and billed business up 10% reported (9% FX-adjusted). U.S. consumer Platinum spend accelerated by 6 pp post refresh.
Profitability
Net income was $3.0B, up 15% YoY. Diluted EPS of $4.28 increased 18% from $3.64 a year ago. Return on equity reached 35%.
Margins
Consolidated expenses totaled $13.9B, up 11% YoY, driven by higher variable customer engagement costs from increased spend and Platinum refresh benefits. The VCE-to-revenue ratio was 44.7% in Q1; management expects full-year ratio around 44%.
Balance Sheet
Key Risks
Geopolitical tensions and travel disruptions caused a softening in airline spend late in Q1 and into April. The co-brand portfolio exits (Amazon, Lowe's) will modestly weigh on SME spending growth from Q2. Credit performance remains excellent, but reserves reflect macroeconomic uncertainty.
Outlook
Management reaffirmed full-year 2026 guidance: revenue growth of 9%-10% and EPS of $17.30-$17.90. Given the strong Q1, they increased planned marketing investments to mid-single-digit growth to capture long-term opportunities.
Generated by AI · Q1 2026 results · Not investment advice
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

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