American Express

Issues Amex credit cards and runs the network that processes them.

Company Health

Banks and lenders are judged with different measures, so we don’t give them a score.

Its yearly figures are still below.

Who owns it

2 of 23 own it · 1 bought more lately

bought lately

owns it

doesn’t own it

Didn’t report owning it: Whale Rock, Appaloosa, Melqart, Coatue, D1 Capital, Light Street, Lone Pine, Third Point, TCI, Pershing Square, Duquesne, Himalaya Capital, Greenlight, Fundsmith, Akre

Their letters don’t mention it: Arquitos, Laughing Water, Alluvial, Bireme, Kingdom Capital, Saga Partners

From each fund’s latest 13F report (Jun 30, 2026). Funds that don’t file one: from their own letters.

The numbers

From American Express’ yearly reports. Tap a year to see its figures.

Sales and profit

Sales grew from $22.0 billion in 2020 to $41.3 billion in 2025, and it made a profit every year.

2025

Sales

$41.3 billion

Profit

$10.8 billion

Spare cash each year

It had cash to spare every year, ending with $16.0 billion to spare in 2025.

2025

Spare cash

$16.0 billion

Spare cash is the cash its business brought in, minus what it spent on buildings and equipment.

What it owns and what it owes

At the end of 2025 it owned $300 billion, including $47.8 billion in cash, and owed $267 billion.

Key facts

From its yearly report for 2025.

Sales

$41.3 billion

Profit

$10.8 billion

Spare cash

$16.0 billion

Cash in the bank

$47.8 billion

Everything it owes

$267 billion

Year ends

December

Money shown in

U.S. dollars

Latest yearly report

10-K, filed Feb 6, 2026

Figures from American Express’ yearly reports to the SEC (EDGAR), collected Oct 12, 2026.

Not investment advice. Holdings come from public SEC reports and the funds’ own letters, and can be up to 4½ months old. How this works