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American Express Valuation Multiples
Discover revenue and EBITDA valuation multiples for American Express and similar public comparables like PayPal, Circle, Kaspi.kz, SBI Cards & Payment Services and more.
American Express Overview
About American Express
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. It operates in four segments: US consumer services, US commercial services, international card services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.
Founded
1965
HQ
Employees
75.1K
Website
Financials (LTM)
EV
$269B
American Express Financials
American Express reported last 12-month revenue of $74B.
In the same LTM period, American Express generated $11B in net income.
Revenue (LTM)
American Express P&L
In the most recent fiscal year, American Express reported revenue of $72B and net income of $11B.
American Express expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $74B | XXX | $72B | XXX | XXX | XXX |
| EBIT Margin | 27% | XXX | 26% | XXX | XXX | XXX |
| Net Profit | $11B | XXX | $11B | XXX | XXX | XXX |
| Net Margin | 15% | XXX | 15% | XXX | XXX | XXX |
| Net Debt | — | — | $10B | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
American Express Stock Performance
American Express has current market cap of $211B, and enterprise value of $269B.
Market Cap Evolution
American Express' stock price is $307.43.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $269B | $211B | 0.0% | XXX | XXX | XXX | $15.78 |
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Start Free TrialAmerican Express Valuation Multiples
American Express trades at 3.7x EV/Revenue multiple.
EV / Revenue (LTM)
American Express Financial Valuation Multiples
As of March 16, 2026, American Express has market cap of $211B and EV of $269B.
Equity research analysts estimate American Express' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
American Express has a P/E ratio of 19.1x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $211B | XXX | $211B | XXX | XXX | XXX |
| EV (current) | $269B | XXX | $269B | XXX | XXX | XXX |
| EV/Revenue | 3.7x | XXX | 3.7x | XXX | XXX | XXX |
| EV/EBIT | 13.7x | XXX | 14.1x | XXX | XXX | XXX |
| P/E | 19.1x | XXX | 19.5x | XXX | XXX | XXX |
| EV/FCF | — | XXX | 16.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified American Express Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
American Express Margins & Growth Rates
American Express' revenue in the last 12 month grew by 9%.
American Express' revenue per employee in the last FY averaged $1.0M, while opex per employee averaged $0.7M for the same period.
American Express Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 9% | XXX | 10% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $1.0M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.7M | XXX | XXX | XXX |
| S&M Expenses to Revenue | 10% | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 13% | XXX | XXX | XXX |
| Opex to Revenue | 74% | XXX | — | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
American Express Public Comps
See public comps and valuation multiples for other Card Networks and Payment Infrastructure comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| PayPal | XXX | XXX | XXX | XXX | XXX | XXX |
| Circle | XXX | XXX | XXX | XXX | XXX | XXX |
| Kaspi.kz | XXX | XXX | XXX | XXX | XXX | XXX |
| SBI Cards & Payment Services | XXX | XXX | XXX | XXX | XXX | XXX |
| Nexi | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
American Express M&A Activity
American Express acquired XXX companies to date.
Last acquisition by American Express was on XXXXXXXX, XXXXX. American Express acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by American Express
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAmerican Express Investment Activity
American Express invested in XXX companies to date.
American Express made its latest investment on XXXXXXXX, XXXXX. American Express invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by American Express
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout American Express
| When was American Express founded? | American Express was founded in 1965. |
| Where is American Express headquartered? | American Express is headquartered in United States. |
| How many employees does American Express have? | As of today, American Express has over 75K employees. |
| Who is the CEO of American Express? | American Express' CEO is Stephen J. Squeri. |
| Is American Express publicly listed? | Yes, American Express is a public company listed on NYSE. |
| What is the stock symbol of American Express? | American Express trades under AXP ticker. |
| When did American Express go public? | American Express went public in 1972. |
| Who are competitors of American Express? | American Express main competitors are PayPal, Circle, Kaspi.kz, SBI Cards & Payment Services. |
| What is the current market cap of American Express? | American Express' current market cap is $211B. |
| What is the current revenue of American Express? | American Express' last 12 months revenue is $74B. |
| What is the current revenue growth of American Express? | American Express revenue growth (NTM/LTM) is 9%. |
| What is the current EV/Revenue multiple of American Express? | Current revenue multiple of American Express is 3.7x. |
| Is American Express profitable? | Yes, American Express is net-income-positive (as of the last 12 months). |
| What is the current net income of American Express? | American Express' last 12 months net income is $11B. |
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