American Express annual debt-to-assets ratio
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2025
American Express Debt-to-Assets Ratio Growth & History (AXP)
American Express's debt-to-assets ratio was 0.20 for fiscal 2025.
View full American Express company overviewAmerican Express annual debt-to-assets ratio history
| Fiscal year | Period ended | Debt-to-assets ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.20 | 0.00 | +2.42% |
| 2024 | 2024-12-31 | 0.19 | −0.00 | −0.09% |
| 2023 | 2023-12-31 | 0.19 | −0.00 | −2.43% |
| 2022 | 2022-12-31 | 0.20 | −0.03 | −11.61% |
| 2021 | 2021-12-31 | 0.22 | −0.02 | −7.51% |
| 2020 | 2020-12-31 | 0.24 | −0.09 | −26.81% |
| 2019 | 2019-12-31 | 0.33 | 0.00 | +0.94% |
| 2018 | 2018-12-31 | 0.33 | −0.00 | −0.28% |
| 2017 | 2017-12-31 | 0.33 | −0.00 | −1.27% |
| 2016 | 2016-12-31 | 0.33 | 0.00 | +0.68% |
| 2015 | 2015-12-31 | 0.33 | −0.06 | −15.01% |
| 2014 | 2014-12-31 | 0.39 | −0.01 | −2.05% |
| 2013 | 2013-12-31 | 0.39 | −0.01 | −3.02% |
| 2012 | 2012-12-31 | 0.41 | −0.01 | −2.41% |
| 2011 | 2011-12-31 | 0.42 | −0.06 | −12.45% |
| 2010 | 2010-12-31 | 0.48 | −0.16 | −25.20% |
| 2009 | 2009-12-31 | 0.64 | 0.09 | +16.23% |
| 2008 | 2008-12-31 | 0.55 | — | — |
American Express quarterly debt-to-assets ratio
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| Fiscal quarter | Period ended | Debt-to-assets ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.19 | −0.01 | −5.14% |
| Q1 2026 | 2026-03-31 | 0.20 | 0.01 | +4.61% |
| Q4 2025 | 2025-12-31 | 0.20 | 0.00 | +2.42% |
| Q3 2025 | 2025-09-30 | 0.20 | −0.00 | −1.93% |
| Q2 2025 | 2025-06-30 | 0.20 | 0.01 | +3.43% |
| Q1 2025 | 2025-03-31 | 0.19 | −0.00 | −0.40% |
| Q4 2024 | 2024-12-31 | 0.19 | −0.00 | −0.09% |
| Q3 2024 | 2024-09-30 | 0.20 | 0.01 | +5.83% |
| Q2 2024 | 2024-06-30 | 0.20 | −0.00 | −1.00% |
| Q1 2024 | 2024-03-31 | 0.19 | 0.01 | +3.41% |
| Q4 2023 | 2023-12-31 | 0.19 | −0.00 | −2.43% |
| Q3 2023 | 2023-09-30 | 0.19 | −0.01 | −6.09% |
| Q2 2023 | 2023-06-30 | 0.20 | −0.01 | −4.81% |
| Q1 2023 | 2023-03-31 | 0.18 | −0.02 | −12.02% |
| Q4 2022 | 2022-12-31 | 0.20 | −0.03 | −11.61% |
| Q3 2022 | 2022-09-30 | 0.20 | 0.00 | +2.29% |
| Q2 2022 | 2022-06-30 | 0.21 | −0.00 | −1.22% |
| Q1 2022 | 2022-03-31 | 0.21 | −0.02 | −8.62% |
| Q4 2021 | 2021-12-31 | 0.22 | −0.02 | −7.51% |
| Q3 2021 | 2021-09-30 | 0.20 | −0.05 | −19.70% |
| Q2 2021 | 2021-06-30 | 0.21 | −0.06 | −21.28% |
| Q1 2021 | 2021-03-31 | 0.23 | −0.08 | −25.09% |
| Q4 2020 | 2020-12-31 | 0.24 | −0.09 | −26.81% |
| Q3 2020 | 2020-09-30 | 0.25 | −0.07 | −21.31% |
| Q2 2020 | 2020-06-30 | 0.27 | −0.04 | −12.88% |
| Q1 2020 | 2020-03-31 | 0.30 | −0.01 | −1.73% |
| Q4 2019 | 2019-12-31 | 0.33 | 0.00 | +0.94% |
| Q3 2019 | 2019-09-30 | 0.32 | 0.01 | +3.68% |
| Q2 2019 | 2019-06-30 | 0.31 | −0.01 | −2.19% |
| Q1 2019 | 2019-03-31 | 0.31 | 0.01 | +1.69% |
| Q4 2018 | 2018-12-31 | 0.33 | −0.00 | −0.28% |
| Q3 2018 | 2018-09-30 | 0.30 | 0.00 | +0.75% |
| Q2 2018 | 2018-06-30 | 0.31 | −0.02 | −5.68% |
| Q1 2018 | 2018-03-31 | 0.30 | −0.04 | −12.07% |
| Q4 2017 | 2017-12-31 | 0.33 | −0.00 | −1.27% |
| Q3 2017 | 2017-09-30 | 0.30 | −0.01 | −3.10% |
| Q2 2017 | 2017-06-30 | 0.33 | 0.00 | +0.11% |
| Q1 2017 | 2017-03-31 | 0.34 | 0.03 | +9.20% |
| Q4 2016 | 2016-12-31 | 0.33 | 0.00 | +0.68% |
| Q3 2016 | 2016-09-30 | 0.31 | −0.02 | −7.23% |
| Q2 2016 | 2016-06-30 | 0.33 | −0.03 | −9.14% |
| Q1 2016 | 2016-03-31 | 0.31 | −0.05 | −14.66% |
| Q4 2015 | 2015-12-31 | 0.33 | −0.06 | −15.01% |
| Q3 2015 | 2015-09-30 | 0.34 | −0.05 | −12.40% |
| Q2 2015 | 2015-06-30 | 0.36 | −0.02 | −4.68% |
| Q1 2015 | 2015-03-31 | 0.37 | −0.01 | −1.99% |
| Q4 2014 | 2014-12-31 | 0.39 | −0.01 | −2.05% |
| Q3 2014 | 2014-09-30 | 0.38 | 0.01 | +3.36% |
| Q2 2014 | 2014-06-30 | 0.38 | 0.02 | +4.43% |
| Q1 2014 | 2014-03-31 | 0.38 | −0.01 | −1.33% |
| Q4 2013 | 2013-12-31 | 0.39 | −0.01 | −3.02% |
| Q3 2013 | 2013-09-30 | 0.37 | −0.02 | −5.79% |
| Q2 2013 | 2013-06-30 | 0.37 | −0.04 | −8.85% |
| Q1 2013 | 2013-03-31 | 0.38 | −0.02 | −4.63% |
| Q4 2012 | 2012-12-31 | 0.41 | −0.01 | −2.41% |
| Q3 2012 | 2012-09-30 | 0.39 | −0.05 | −10.34% |
| Q2 2012 | 2012-06-30 | 0.40 | −0.04 | −8.79% |
| Q1 2012 | 2012-03-31 | 0.40 | −0.05 | −10.33% |
| Q4 2011 | 2011-12-31 | 0.42 | −0.06 | −12.45% |
| Q3 2011 | 2011-09-30 | 0.44 | −0.04 | −9.18% |
| Q2 2011 | 2011-06-30 | 0.44 | −0.06 | −12.00% |
| Q1 2011 | 2011-03-31 | 0.45 | −0.07 | −14.03% |
| Q4 2010 | 2010-12-31 | 0.48 | −0.16 | −25.20% |
| Q3 2010 | 2010-09-30 | 0.48 | 0.03 | +5.98% |
| Q2 2010 | 2010-06-30 | 0.50 | 0.02 | +5.14% |
| Q1 2010 | 2010-03-31 | 0.52 | — | — |
| Q4 2009 | 2009-12-31 | 0.64 | 0.09 | +16.23% |
| Q3 2009 | 2009-09-30 | 0.46 | — | — |
| Q2 2009 | 2009-06-30 | 0.48 | — | — |
| Q4 2008 | 2008-12-31 | 0.55 | — | — |
American Express debt-to-assets ratio trends
Over the last five fiscal years, American Express's debt-to-assets ratio decreased from 0.24 to 0.20, a change of −0.04. The latest reported quarter, Q2 2026, shows 0.19.
About the metric
What the debt-to-assets ratio means
The debt-to-assets ratio shows the portion of a company’s reported assets financed with interest-bearing debt. It is a leverage measure and should not be confused with total liabilities divided by assets.
Calculation and source
How debt-to-assets is calculated
TickerStat calculates debt-to-assets as total interest-bearing debt divided by total assets at the same reporting-period end. Periods with missing debt or non-positive assets are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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