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American Express Company — Intrinsic Value & Fair Price

AXP
NYSEFinancial ServicesFinancial - Credit ServicesCIK 0000004962americanexpress.comAbout AXP
Last close · Oct 16, 2026313.59−0.28 (−0.09%)
Market cap$211.8B
Model value · P/E · peers
255.37
American Express closed at $313.59 — overvalued by 23% vs model.
195.80the model's range421.32

P/E · peers leads for a financial company. From its peers' median P/E.

Other models
77.05 – 327.37
Wall St. target
345.00 9% below
Above model, 1y
8 of 20 days

Price and model value

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What the marks mean
Daily close

Valuation models

price $313.59 · as of Oct 17, 2026

P/E · peers leads for a financial company. How we value a stock walks through every input.

engine pkg:0.1.0

Dividends

Quarterly · as of Oct 16, 2026
Yield, trailing 12 months
1.17%
Past 2 years
low 0.82%high 1.26%
Dividends per share, a year at a time
$1.72Oct ’21$1.99Oct ’22$2.32Oct ’23$2.70Oct ’24$3.16Oct ’25$3.67TTM
Dividends / earnings, FY2025
21.0%
Raised
4 years in a row
Growth, 5 yrs
16.4% a year
Last change
+15.9% · Apr 2026
Every payment, with ex-dates · latest $0.95, paid Nov 10, 2026

Research on AXP

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How it is valued

Valued asFinancial
Low/slowing growth (~5% recent)High profitability (26% net margin)Pays dividendsHighly cyclical earningsStrong FCF yield (7.6%)
What growth the price implies: the reverse DCF

Key figures

FY2025 · chosen for financials
P/E
20.4×
Price / book
6.5×
Return on equity
32.4%
Dividend yield, TTM
1.17%
Net margin
13.5%
Debt / equity
1.7
Full financials

Analyst actions

third-party, quoted
10-12Morgan Stanley · target380.00
10-09RBC Capital · target400.00
10-08BMO Capital · target380.00
07-13JP Morgan · “Overweight” from “Neutral”upgrade
Ratings, targets and estimates

Comparable companies

by business, not by industry label
1 more company lists AXP as a comparable
Side by side:vs Vvs MA

The weekly

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About American Express

Operating globally, American Express Company and its affiliated entities deliver a comprehensive suite of charge and credit payment card solutions, alongside a variety of travel-related offerings. Its business structure is organized into three primary divisions: the Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Among its core offerings are diverse payment and financing instruments, robust network infrastructure services, tools for managing accounts payable expenses, and comprehensive travel and lifestyle support. Furthermore, it facilitates merchant services such as acquisition, transaction processing, settlement, and point-of-sale marketing, providing vital information and assistance to businesses. The company also specializes in fraud mitigation and developing and managing customer loyalty initiatives. These products and services are made available to a broad clientele, encompassing individual consumers, small and mid-sized enterprises, and large corporate entities. Distribution channels include digital platforms (mobile and online applications), collaborations with third-party vendors and partners, direct communication methods like mail and telephone, dedicated internal sales forces, and direct response advertising campaigns. Established in 1850, American Express Company maintains its corporate headquarters in New York, New York.

CEO
Stephen Joseph Squeri
Headquarters
New York City, NY
Employees
76,800
IPO
1972-06-01
Full company profile

Model estimates for research reference only, not investment advice. Every model rests on assumptions that may not match what happens; the formulas are in how we value a stock.