American Express annual capital expenditures (capex)
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American Express Capital Expenditures (CapEx) Growth & History (AXP)
American Express's capital expenditures (capex) was $2.42B for fiscal 2025.
View full American Express company overviewAmerican Express annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $2.42B | $514.0M | +26.90% |
| 2024 | 2024-12-31 | $1.91B | $348.0M | +22.26% |
| 2023 | 2023-12-31 | $1.56B | −$292.0M | −15.74% |
| 2022 | 2022-12-31 | $1.85B | $305.0M | +19.68% |
| 2021 | 2021-12-31 | $1.55B | $72.0M | +4.87% |
| 2020 | 2020-12-31 | $1.48B | −$167.0M | −10.15% |
| 2019 | 2019-12-31 | $1.65B | $335.0M | +25.57% |
| 2018 | 2018-12-31 | $1.31B | $248.0M | +23.35% |
| 2017 | 2017-12-31 | $1.06B | −$313.0M | −22.76% |
| 2016 | 2016-12-31 | $1.38B | $34.0M | +2.54% |
| 2015 | 2015-12-31 | $1.34B | $146.0M | +12.22% |
| 2014 | 2014-12-31 | $1.20B | $189.0M | +18.79% |
| 2013 | 2013-12-31 | $1.01B | −$47.0M | −4.46% |
| 2012 | 2012-12-31 | $1.05B | −$136.0M | −11.44% |
| 2011 | 2011-12-31 | $1.19B | $311.0M | +35.42% |
| 2010 | 2010-12-31 | $878.0M | $156.0M | +21.61% |
| 2009 | 2009-12-31 | $722.0M | −$255.0M | −26.10% |
| 2008 | 2008-12-31 | $977.0M | $39.0M | +4.16% |
| 2007 | 2007-12-31 | $938.0M | — | — |
American Express quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $898.0M | $279.0M | +45.07% |
| Q1 2026 | 2026-03-31 | $1.15B | $719.0M | +167.21% |
| Q4 2025 | 2025-12-31 | $722.0M | $227.0M | +45.86% |
| Q3 2025 | 2025-09-30 | $654.0M | $199.0M | +43.74% |
| Q2 2025 | 2025-06-30 | $619.0M | $54.0M | +9.56% |
| Q1 2025 | 2025-03-31 | $430.0M | $34.0M | +8.59% |
| Q4 2024 | 2024-12-31 | $495.0M | $69.0M | +16.20% |
| Q3 2024 | 2024-09-30 | $455.0M | $54.0M | +13.47% |
| Q2 2024 | 2024-06-30 | $565.0M | $189.0M | +50.27% |
| Q1 2024 | 2024-03-31 | $396.0M | $36.0M | +10.00% |
| Q4 2023 | 2023-12-31 | $426.0M | −$87.0M | −16.96% |
| Q3 2023 | 2023-09-30 | $401.0M | −$42.0M | −9.48% |
| Q2 2023 | 2023-06-30 | $376.0M | −$76.0M | −16.81% |
| Q1 2023 | 2023-03-31 | $360.0M | −$87.0M | −19.46% |
| Q4 2022 | 2022-12-31 | $513.0M | $42.0M | +8.92% |
| Q3 2022 | 2022-09-30 | $443.0M | −$27.0M | −5.74% |
| Q2 2022 | 2022-06-30 | $452.0M | $162.0M | +55.86% |
| Q1 2022 | 2022-03-31 | $447.0M | $128.0M | +40.13% |
| Q4 2021 | 2021-12-31 | $471.0M | $35.0M | +8.03% |
| Q3 2021 | 2021-09-30 | $470.0M | $117.0M | +33.14% |
| Q2 2021 | 2021-06-30 | $290.0M | −$64.0M | −18.08% |
| Q1 2021 | 2021-03-31 | $319.0M | −$16.0M | −4.78% |
| Q4 2020 | 2020-12-31 | $436.0M | $5.0M | +1.16% |
| Q3 2020 | 2020-09-30 | $353.0M | −$21.0M | −5.61% |
| Q2 2020 | 2020-06-30 | $354.0M | −$138.0M | −28.05% |
| Q1 2020 | 2020-03-31 | $335.0M | −$13.0M | −3.74% |
| Q4 2019 | 2019-12-31 | $431.0M | −$8.0M | −1.82% |
| Q3 2019 | 2019-09-30 | $374.0M | $39.0M | +11.64% |
| Q2 2019 | 2019-06-30 | $492.0M | $193.0M | +64.55% |
| Q1 2019 | 2019-03-31 | $348.0M | $111.0M | +46.84% |
| Q4 2018 | 2018-12-31 | $439.0M | $189.0M | +75.60% |
| Q3 2018 | 2018-09-30 | $335.0M | $61.0M | +22.26% |
| Q2 2018 | 2018-06-30 | $299.0M | $38.0M | +14.56% |
| Q1 2018 | 2018-03-31 | $237.0M | −$40.0M | −14.44% |
| Q4 2017 | 2017-12-31 | $250.0M | −$150.0M | −37.50% |
| Q3 2017 | 2017-09-30 | $274.0M | −$52.0M | −15.95% |
| Q2 2017 | 2017-06-30 | $261.0M | −$86.0M | −24.78% |
| Q1 2017 | 2017-03-31 | $277.0M | −$25.0M | −8.28% |
| Q4 2016 | 2016-12-31 | $400.0M | −$62.0M | −13.42% |
| Q3 2016 | 2016-09-30 | $326.0M | −$16.0M | −4.68% |
| Q2 2016 | 2016-06-30 | $347.0M | $66.0M | +23.49% |
| Q1 2016 | 2016-03-31 | $302.0M | $46.0M | +17.97% |
| Q4 2015 | 2015-12-31 | $462.0M | $121.0M | +35.48% |
| Q3 2015 | 2015-09-30 | $342.0M | $34.0M | +11.04% |
| Q2 2015 | 2015-06-30 | $281.0M | −$39.0M | −12.19% |
| Q1 2015 | 2015-03-31 | $256.0M | $30.0M | +13.27% |
| Q4 2014 | 2014-12-31 | $341.0M | −$30.0M | −8.09% |
| Q3 2014 | 2014-09-30 | $308.0M | $148.0M | +92.50% |
| Q2 2014 | 2014-06-30 | $320.0M | $49.0M | +18.08% |
| Q1 2014 | 2014-03-31 | $226.0M | $22.0M | +10.78% |
| Q4 2013 | 2013-12-31 | $371.0M | $83.0M | +28.82% |
| Q3 2013 | 2013-09-30 | $160.0M | −$109.0M | −40.52% |
| Q2 2013 | 2013-06-30 | $271.0M | $41.0M | +17.83% |
| Q1 2013 | 2013-03-31 | $204.0M | −$62.0M | −23.31% |
| Q4 2012 | 2012-12-31 | $288.0M | −$16.0M | −5.26% |
| Q3 2012 | 2012-09-30 | $269.0M | −$58.0M | −17.74% |
| Q2 2012 | 2012-06-30 | $230.0M | −$73.0M | −24.09% |
| Q1 2012 | 2012-03-31 | $266.0M | $11.0M | +4.31% |
| Q4 2011 | 2011-12-31 | $304.0M | $12.0M | +4.11% |
| Q3 2011 | 2011-09-30 | $327.0M | $63.0M | +23.86% |
| Q2 2011 | 2011-06-30 | $303.0M | $128.0M | +73.14% |
| Q1 2011 | 2011-03-31 | $255.0M | $108.0M | +73.47% |
| Q4 2010 | 2010-12-31 | $292.0M | $61.0M | +26.41% |
| Q3 2010 | 2010-09-30 | $264.0M | $107.0M | +68.15% |
| Q2 2010 | 2010-06-30 | $175.0M | −$71.0M | −28.86% |
| Q1 2010 | 2010-03-31 | $147.0M | $59.0M | +67.05% |
| Q4 2009 | 2009-12-31 | $231.0M | — | — |
| Q3 2009 | 2009-09-30 | $157.0M | −$71.0M | −31.14% |
| Q2 2009 | 2009-06-30 | $246.0M | — | — |
| Q1 2009 | 2009-03-31 | $88.0M | — | — |
| Q3 2008 | 2008-09-30 | $228.0M | — | — |
American Express capital expenditures (capex) trends
Over the last five fiscal years, American Express's capital expenditures (capex) increased from $1.48B to $2.42B, a change of $947.0M. The latest reported quarter, Q2 2026, shows $898.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review American Express source filings ↗