For the year ending 2025-12-31, AXP had $7,152M increase in cash & cash equivalents over the period. $16,003M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 10,833 | 10,129 | 8,374 | 7,514 |
| Provisions for credit losses | 5,256 | 5,185 | 4,923 | 2,182 |
| Depreciation and amortization | 1,777 | 1,676 | 1,651 | 1,626 |
| Stock-based compensation | 551 | 504 | 450 | 375 |
| Deferred taxes | -542 | 990 | 1,329 | 1,189 |
| Other items | 237 | 564 | -664 | -365 |
| Originations of loans held-for-sale | - | 0 | 54 | 277 |
| Originations of loans held for sale | 74 | - | - | - |
| Proceeds from sales of loans held for sale | 0 | 0 | 59 | 277 |
| Other assets | 2,781 | -1,007 | 1,244 | -1,391 |
| Accounts payable & other liabilities | 3,645 | -2,897 | 5,065 | 8,815 |
| Net cash provided by operating activities | 18,428 | 14,050 | 18,559 | 21,079 |
| Sale of investments | 47 | 42 | 2 | 26 |
| Maturities and redemptions of investments | 1,453 | 2,179 | 3,888 | 1,892 |
| Purchase of investments | 1,760 | 1,593 | 1,572 | 4,175 |
| Net (increase) decrease in card member loans and receivables, and other loans | - | - | - | 29,562 |
| Net increase in loans and card member receivables, including card member loans held for sale | 19,573 | 23,259 | 25,124 | - |
| Purchase of premises and equipment, net of sales 2025, 1 2024, 6 2023, 2 | 2,425 | 1,911 | 1,563 | 1,855 |
| Net (acquisitions)/dispositions, net of cash acquired | - | - | 64 | 15 |
| Acquisitions, net of cash acquired | 633 | 454 | - | - |
| Other investing activities | - | - | - | 0 |
| Dispositions, net of cash disposed | 0 | 594 | - | - |
| Net cash used in investing activities | -22,891 | -24,402 | -24,433 | -33,689 |
| Net increase in customer deposits | 13,045 | 10,305 | 18,915 | 25,902 |
| Net (decrease) increase in short-term borrowings | -27 | 207 | -105 | -706 |
| Proceeds from long-term debt | 24,377 | 12,602 | 15,674 | 23,230 |
| Payments of long-term debt | 18,157 | 10,759 | 10,703 | 18,906 |
| Issuance of american express preferred shares | - | - | 0 | 0 |
| Redemption of american express preferred shares | - | - | 0 | 0 |
| Issuance of american express common shares | 57 | 100 | 28 | 56 |
| Repurchase of american express common shares and other | 5,814 | 6,020 | 3,650 | 3,502 |
| Dividends paid | 2,271 | 1,999 | 1,780 | 1,565 |
| Net cash provided by financing activities | 11,210 | 4,436 | 18,379 | 24,509 |
| Effect of foreign currency exchange rates on cash and cash equivalents | 405 | -40 | 177 | -13 |
| Net increase (decrease) in cash and cash equivalents | 7,152 | -5,956 | 12,682 | 11,886 |
| Cash and cash equivalents at beginning of period | 40,640 | 46,596 | 33,914 | 22,028 |
| Cash and cash equivalents at end of period | 47,792 | 40,640 | 46,596 | 33,914 |
AMERICAN EXPRESS CO (AXP)
AMERICAN EXPRESS CO (AXP)