Start with its own history
At 19.54×, AXP is 1.8% below its 10-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NYSE · AXPFinancial - Credit ServicesUpdated Nov 5, 2026
American Express Company P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
19.54×
1.8% belowthe 10-year annual average
Share price332.59
÷Earnings per share17.02
Price and EPS in quote currency. Calculation details
Investors are paying 19.54 for every 1 of reported earnings per share.
P/E over time
2016 – 2025
Annual P/ESelected-period average 19.89×
3-year average20.61×3 positive annual observations
5-year average18.63×5 positive annual observations
10-year average19.89×10 positive annual observations
Peer median · TTM13.24×7 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2025 | 24.01× | +13.6% |
| Dec 31, 2024 | 21.14× | +26.7% |
| Dec 31, 2023 | 16.68× | +11.2% |
| Dec 31, 2022 | 15.00× | -8.0% |
| Dec 31, 2021 | 16.31× | -49.1% |
| Dec 31, 2020 | 32.07× | +106.4% |
| Dec 31, 2019 | 15.54× | +31.9% |
| Dec 31, 2018 | 11.78× | -64.6% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2017 | 33.33× | +155.1% |
| Dec 31, 2016 | 13.07× | -4.8% |
| Dec 31, 2015 | 13.72× | -17.7% |
| Dec 31, 2014 | 16.67× | -9.8% |
| Dec 31, 2013 | 18.48× | +25.7% |
| Dec 31, 2012 | 14.70× | +29.0% |
| Dec 31, 2011 | 11.39× | -10.5% |
| Dec 31, 2010 | 12.74× | -51.6% |
| Dec 31, 2009 | 26.31× | +231.9% |
| Dec 31, 2008 | 7.93× | -47.9% |
| Dec 31, 2007 | 15.21× | -23.3% |
| Dec 31, 2006 | 19.83× | +16.7% |
| Dec 31, 2005 | 16.98× | -6.6% |
| Dec 31, 2004 | 18.18× | -0.6% |
| Dec 31, 2003 | 18.29× | +18.3% |
| Dec 31, 2002 | 15.46× | -51.5% |
| Dec 31, 2001 | 31.85× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How AXP compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 AXP This stockAmerican Express Company | 19.54× |
 VVisa Inc. | 35.09× |
 MAMastercard Incorporated | 35.13× |
 COFCapital One Financial Corporation | 12.17× |
 SYFSynchrony Financial | 7.75× |
 GPNGlobal Payments Inc. | N/M |
 WEXWEX Inc. | 15.29× |
 PYPLPayPal Holdings, Inc. | 11.40× |
 AFRMAffirm Holdings, Inc. | 13.24× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does AXP’s P/E tell you?
Compare like with like
The median of the 7 positive peer ratios above is 13.24×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take AXP into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("AXP", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 332.59 ÷ EPS 17.02 = 19.54×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Nov 5, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
AXP P/E ratio: common questions
The essentials behind the numbers.
American Express Company's current P/E is 19.54× based on the quote data last updated Nov 5, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.