AXP Debt / Equity | AMERICAN EXPRESS CO

AMERICAN EXPRESS CO Debt/Equity Ratio

The debt/equity ratio shows how much a company has borrowed for every dollar its shareholders have put in. It is long-term debt, both the part due within a year and the rest, divided by shareholder equity, shown as a multiple with both amounts in the table. A higher ratio means the company relies more on borrowed money than on shareholder capital. Because equity shrinks through buybacks or losses, the ratio can rise even when debt is unchanged, and it has no meaning when equity is negative. Quarterly points use quarter-end balances; annual points use fiscal-year-end balances.

AMERICAN EXPRESS CO debt/equity ratio for the quarter ending 2026-06-30 was 1.72, a 6.76% decline year-over-year.
AMERICAN EXPRESS CO debt/equity ratio for the quarter ending 2026-03-31 was 1.78, a 5.08% increase year-over-year.
AMERICAN EXPRESS CO debt/equity ratio for the quarter ending 2025-12-31 was 1.73, a 2.21% increase year-over-year.
AMERICAN EXPRESS CO debt/equity ratio for the quarter ending 2025-09-30 was 1.83, a 1.31% decline year-over-year.
AMERICAN EXPRESS CO debt/equity ratio for fiscal 2025 was 1.73, a 2.21% increase from fiscal 2024.
AMERICAN EXPRESS CO debt/equity ratio for fiscal 2024 was 1.69, a 3.65% decline from fiscal 2023.
AMERICAN EXPRESS CO debt/equity ratio for fiscal 2023 was 1.75, a 1.42% decline from fiscal 2022.
AMERICAN EXPRESS CO debt/equity ratio for fiscal 2022 was 1.78, a 3.67% decline from fiscal 2021.

Available history: 2008-12-31 to 2026-06-30
Data captured: 2026-06-30

Historical Debt/Equity Ratio

Date	Debt/Equity Ratio	Long-term debt	Shareholder equity
2026-06-30	1.72	$59.05B	$34.28B
2026-03-31	1.78	$60.44B	$34B
2025-12-31	1.73	$57.76B	$33.47B
2025-09-30	1.83	$59.23B	$32.42B
2025-06-30	1.85	$59.7B	$32.31B
2025-03-31	1.69	$52.8B	$31.2B
2024-12-31	1.69	$51.09B	$30.26B
2024-09-30	1.85	$55B	$29.71B
2024-06-30	1.8	$53.16B	$29.54B
2024-03-31	1.76	$50.57B	$28.76B
2023-12-31	1.75	$49.16B	$28.06B
2023-09-30	1.76	$48.06B	$27.32B
2023-06-30	1.81	$48.31B	$26.7B
2023-03-31	1.65	$42.86B	$25.99B
2022-12-31	1.78	$43.92B	$24.71B
2022-09-30	1.83	$43.91B	$23.94B
2022-06-30	1.83	$42.48B	$23.24B
2022-03-31	1.81	$40.46B	$22.38B
2021-12-31	1.85	$40.92B	$22.18B
2021-09-30	1.5	$36.74B	$24.43B
2021-06-30	1.54	$39.23B	$25.54B
2021-03-31	1.78	$43.6B	$24.45B
2020-12-31	1.95	$44.83B	$22.98B
2020-09-30	2.13	$46.49B	$21.87B
2020-06-30	2.39	$50.36B	$21.06B
2020-03-31	2.67	$56.09B	$21.01B
2019-12-31	2.79	$64.28B	$23.07B
2019-09-30	2.66	$61.29B	$23.03B
2019-06-30	2.62	$60.56B	$23.09B
2019-03-31	2.72	$60.45B	$22.22B
2018-12-31	2.76	$61.52B	$22.29B
2018-09-30	2.68	$57.59B	$21.46B
2018-06-30	2.77	$57.86B	$20.89B
2018-03-31	2.77	$54.31B	$19.61B
2017-12-31	3.24	$59.08B	$18.26B
2017-09-30	2.42	$51.11B	$21.09B
2017-06-30	2.61	$55.37B	$21.18B
2017-03-31	2.64	$55.25B	$20.94B
2016-12-31	2.56	$52.57B	$20.52B
2016-09-30	2.27	$47.76B	$21B
2016-06-30	2.52	$52.99B	$21B
2016-03-31	2.43	$49.91B	$20.5B
2015-12-31	2.56	$52.87B	$20.67B
2015-09-30	2.47	$51.81B	$21B
2015-06-30	2.6	$57.23B	$22B
2015-03-31	2.59	$57.07B	$22B
2014-12-31	2.97	$61.44B	$20.67B
2014-09-30	2.92	$59.09B	$20.22B
2014-06-30	2.88	$58.27B	$20.21B
2014-03-31	2.85	$56.92B	$19.98B
2013-12-31	3.1	$60.35B	$19.5B
2013-09-30	2.9	$55.78B	$19.22B
2013-06-30	2.92	$55.64B	$19.03B
2013-03-31	3.1	$59.73B	$19.29B
2012-12-31	3.3	$62.29B	$18.89B
2012-09-30	3.1	$60.3B	$19.48B
2012-06-30	3.09	$59.51B	$19.27B
2012-03-31	3.04	$60.6B	$19.91B
2011-12-31	3.4	$63.91B	$18.79B
2011-09-30	3.61	$65.42B	$18.1B
2011-06-30	3.58	$65.1B	$18.21B
2011-03-31	3.67	$64.11B	$17.48B
2010-12-31	3.72	$69.83B	$18.79B
2010-09-30	4.44	$70.75B	$15.92B
2010-06-30	4.96	$71.95B	$14.51B
2010-03-31	5.53	$74.22B	$13.43B
2009-12-31	6.3	$79.64B	$12.64B
2009-09-30	3.95	$55.05B	$13.94B
2009-06-30	4.15	$55.71B	$13.42B
2008-12-31	5.83	$69.03B	$11.84B

Annual Debt/Equity Ratio

Date	Debt/Equity Ratio	Long-term debt	Shareholder equity
2025-12-31	1.73	$57.76B	$33.47B
2024-12-31	1.69	$51.09B	$30.26B
2023-12-31	1.75	$49.16B	$28.06B
2022-12-31	1.78	$43.92B	$24.71B
2021-12-31	1.85	$40.92B	$22.18B
2020-12-31	1.95	$44.83B	$22.98B
2019-12-31	2.79	$64.28B	$23.07B
2018-12-31	2.76	$61.52B	$22.29B
2017-12-31	3.24	$59.08B	$18.26B
2016-12-31	2.56	$52.57B	$20.52B
2015-12-31	2.56	$52.87B	$20.67B
2014-12-31	2.97	$61.44B	$20.67B
2013-12-31	3.1	$60.35B	$19.5B
2012-12-31	3.3	$62.29B	$18.89B
2011-12-31	3.4	$63.91B	$18.79B
2010-12-31	3.72	$69.83B	$18.79B
2009-12-31	6.3	$79.64B	$12.64B
2008-12-31	5.83	$69.03B	$11.84B

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