American Express Company
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $10.83B | $10.13B | $8.37B | $7.51B | $8.06B | $3.14B | $6.76B | $6.92B |
| Depreciation & Amortization | $1.78B | $1.68B | $1.65B | $1.63B | $1.70B | $1.54B | $1.19B | $1.29B |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $36.0M | $46.0M | $49.0M | $51.0M | $57.0M | $54.0M | $49.0M | $212.0M |
| Stock-Based Compensation | $551.0M | $504.0M | $450.0M | $375.0M | $330.0M | $249.0M | $283.0M | $283.0M |
| Net Cash from Operating Activities | $18.43B | $14.05B | $18.56B | $21.08B | $14.65B | $5.59B | $13.63B | $8.93B |
| Investing Activities | ||||||||
| Capital Expenditures | $2.43B | $1.91B | $1.56B | $1.86B | $1.55B | $1.48B | $1.65B | $1.31B |
| Business Acquisitions | $633.0M | $454.0M | $64.0M | $15.0M | — | — | — | — |
| Net Cash from Investing Activities | $-22.89B | $-24.40B | $-24.43B | $-33.69B | $-10.53B | $11.63B | $-16.71B | $-19.62B |
| Financing Activities | ||||||||
| Dividends Paid | $2.27B | $2.00B | $1.78B | $1.57B | $1.45B | $1.47B | $1.42B | $1.32B |
| Stock Repurchases | $5.81B | $6.02B | $3.65B | $3.50B | $7.65B | $1.03B | — | $1.60B |
| Net Cash from Financing Activities | $11.21B | $4.44B | $18.38B | $24.51B | $-14.93B | $-9.07B | $-519.0M | $5.10B |
| Net Change in Cash | $7.15B | $-5.96B | $12.68B | $11.89B | $-10.94B | $8.52B | $-3.36B | $-5.46B |
| Free Cash Flow | $16.00B | $12.14B | $17.00B | $19.22B | $13.10B | $4.11B | $11.99B | $7.62B |