American Express Company
Cash Flow Statement
| Line Item | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $3.71B | $3.11B | $2.97B | $2.46B | $2.90B | $2.89B | $2.58B | $2.17B |
| Depreciation & Amortization | $494.0M | $488.0M | $468.0M | $462.0M | $455.0M | $427.0M | $433.0M | $428.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $137.0M | $155.0M | $203.0M | $141.0M | $125.0M | $127.0M | $158.0M | $111.0M |
| Net Cash from Operating Activities | $5.38B | $5.37B | $3.80B | $3.07B | $6.23B | $4.36B | $4.76B | $5.78B |
| Investing Activities | ||||||||
| Capital Expenditures | $947.0M | $898.0M | $1.15B | $722.0M | $654.0M | $619.0M | $430.0M | $495.0M |
| Business Acquisitions | $0 | $26.0M | $498.0M | $0 | $0 | $633.0M | $0 | — |
| Net Cash from Investing Activities | $-5.04B | $-8.98B | $-2.87B | $-9.95B | $-6.60B | $-6.80B | $451.0M | $-12.25B |
| Financing Activities | ||||||||
| Dividends Paid | $668.0M | $665.0M | $583.0M | $583.0M | $586.0M | $593.0M | $509.0M | $510.0M |
| Stock Repurchases | $1.59B | $2.30B | $1.91B | $899.0M | $2.35B | $1.36B | $1.21B | $1.03B |
| Net Cash from Financing Activities | $-2.42B | $-4.90B | $4.98B | $-154.0M | $-2.96B | $7.68B | $6.64B | $-770.0M |
| Net Change in Cash | $-2.04B | $-8.51B | $5.97B | $-6.91B | $-3.23B | $5.43B | $11.87B | $-7.28B |
| Free Cash Flow | $4.44B | $4.47B | $2.66B | $2.35B | $5.58B | $3.75B | $4.33B | $5.28B |