American Express Company (AXP): ev to ebit, 10 filed years

EV/EBIT at American Express Company was 8.14x in FY2023, the newest year it could be computed. Across the 5 computed years from FY2019 it ranged from 8.14x (FY2023) to 17.27x (FY2020), with a median of 12.10x.

Tonight's figure on the company page: n/a, at the close of 2026-10-15, recomputed 2026-10-15. The table is each filed year on its own terms, with the formula below; the current figure may use trailing twelve months or, where the explainer says so, a different denominator.

Year by year

American Express Company: EV/EBIT for each filed fiscal year, with the filing behind each.
Fiscal year	EV/EBIT	Close used	Read from
FY2016 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	74.08 on 2016-12-30	10-K, filed 2017-02-17
FY2017 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	99.31 on 2017-12-29	10-K, filed 2018-02-16
FY2018 The filed borrowings do not add up to a total we can stand behind: the filer's own liability subtotals leave room for debt we did not read.	n/a	95.32 on 2018-12-31	10-K, filed 2019-02-13
FY2019	12.10x	124.49 on 2019-12-31	10-K, filed 2020-02-13
FY2020	17.27x	120.91 on 2020-12-31	10-K, filed 2021-02-12
FY2021	12.51x	163.60 on 2021-12-31	10-K, filed 2022-02-11
FY2022	9.93x	147.75 on 2022-12-30	10-K, filed 2023-02-10
FY2023	8.14x	187.34 on 2023-12-29	10-K, filed 2024-02-09
FY2024 No operating income line is filed for this year.	n/a	296.79 on 2024-12-31	10-K, filed 2025-02-07
FY2025 No operating income line is filed for this year.	n/a	369.95 on 2025-12-31	10-K, filed 2026-02-06

How each year is computed

(Close at fiscal year end x diluted shares + total debt - cash) / operating income

P/E, free cash flow yield and EV to EBIT set each filed year against the close on or within a week before that fiscal year's end. The price archive here is about five years deep, so older years of those three read n/a. Per-share figures and share counts are put on today's share count after a confirmed split, the basis the price archive is kept on.

Read further

A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.

Margin Notes

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