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American Express Co (AXP)

Sopravvalutato
Financial ServicesCredit ServicesUnited States

Fondamentale

72

Prezzo

$304.10

Capitalizzazione

$206.87B

Parte 1 · Quanto vale l'azienda

Panoramica

American Express Company, together with its subsidiaries, operates as an integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services. The company offers credit and charge cards and complementary products and services, including travel, dining, and lifestyle and expense management products and services; and banking and other payment and financing products and services, including deposits and non-card lending. It also provides merchant acquisition and processing, servicing and settlement, fraud prevention, and point-of-sale marketing and information products and services, as well as network services. The company offers its products and services to consumers, small businesses, mid-sized companies, and large corporations through mobile and online applications, affiliate marketing, customer referral programs, third-party service providers and business partners, in-house sales teams, direct mail, telephone, and direct response advertising. American Express Company was founded in 1850 and is headquartered in New York, New York.

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Con chi questa società si contende gli stessi clienti

Confronta

Generato il 18 settembre 2026 con claude-haiku-4-5 — condiviso con tutti gli utenti

P/E: 11.2Punteggio: 76Capitalizzazione: $120.53B

Dopo l'acquisizione di Discover, chiusa a maggio 2025, Capital One è l'unico altro operatore americano che emette carte e possiede allo stesso tempo i propri circuiti (Discover, Diners Club, PULSE): si contende quindi con American Express gli stessi titolari di carta, la stessa accettazione presso gli esercenti e le stesse commissioni di circuito.

P/E: 14.2Punteggio: 68Capitalizzazione: $894.72B

Chase è il maggiore emittente di carte negli Stati Uniti e le sue Sapphire Reserve e Preferred si rivolgono allo stesso cliente benestante disposto a pagare un canone annuo delle Amex Platinum e Gold; le due banche si contendono inoltre gli stessi contratti di cobranding con compagnie aeree e catene alberghiere.

P/E: 30.0Punteggio: 74Capitalizzazione: $172.69B

Visa è il circuito che American Express cita per primo fra i concorrenti: i due si contendono l'accettazione presso gli esercenti, il volume dei pagamenti e le banche emittenti che decidono quale marchio stampare sulle proprie carte.

P/E: 30.3Punteggio: 82Capitalizzazione: $69.63B

Mastercard gioca sullo stesso terreno di Visa — accettazione presso gli esercenti e volumi transati — e insidia Amex soprattutto sulle carte premium e aziendali, dove i programmi World Elite e corporate puntano alla stessa clientela ad alta spesa.

P/E: 18.5Punteggio: 74Capitalizzazione: $229.70B

Citi è fra i maggiori emittenti americani di carte e un rivale diretto nei cobranding con le compagnie aeree e nelle carte a punti per privati: si contende con Amex gli stessi saldi rotativi e la stessa spesa dei clienti.

P/E: 9.9Punteggio: 82Capitalizzazione: $46.40B

American Express cita PayPal fra le piattaforme di pagamento digitale che sottraggono transazioni al proprio circuito: la concorrenza si gioca sulla stessa cassa online e, con PayPal Credit, sullo stesso credito al consumo.

Stato Patrimoniale e Liquidità

Ricavi

$75.95B

Ultimi 12 mesi (al 30/06/2026)

Utile Netto

$11.45B

Ultimi 12 mesi (al 30/06/2026)

Free Cash Flow

$16.00B

Patrimonio Netto Totale

$33.47B

Passività Totali

$266.58B

Rapporto di Liquidità

0.64

Copertura Interessi

0.80

Debito/EBITDA

-

Utile per Azione

Ricavi e Utile Netto

Free Cash Flow

Scomposizione Ricavi

Prospetto storico

Margini nel tempo

Il debito nel tempo

Griglia della crescita

Crescita — Ricavi

Stima del Fair Value

BancaSopravvalutato

Fair Value

$240.47

Prezzo Attuale

$304.10

Margine di Sicurezza

-26.5%

Range Fair Value

$156.31 - $324.63

Intervallo di dispersione tra i metodi di valutazione usati, non una stima statisticamente calibrata.

Metodi di Stima

Target degli analisti:$378.54
Flussi di cassa scontati (DCF):Non applicabile a questo tipo di azienda
Multiplo sugli utili (P/E):$258.49
Formula di Graham:Non applicabile a questo tipo di azienda
Valore della capacità di reddito (EPV):Non applicabile a questo tipo di azienda
P/B giustificato:$222.40
Sconto dei dividendi (Gordon):$51.50
P/FFO, i fondi da operazioni:Non applicabile a questo tipo di azienda
Utili di mezzo ciclo:Non applicabile a questo tipo di azienda
Multiplo sui ricavi:Non applicabile a questo tipo di azienda
Consenso Analisti:Buy (20B / 16H / 1S)
Ultima Sorpresa Utili:+1.84%

Metriche di Valutazione

Rapporto P/E

18.46

ROE

32.4%

Rapporto P/B

5.99

P/FCF

13.64

Margine Lordo

-

ROIC

-

Radar Redditività

Creazione di Valore (Vantaggio Competitivo)

ROIC

-

WACC

11.6%

ROIC − WACC

-

Criteri di Analisi Fondamentale

Superati (17)

  • EPS shows upward trend
  • EPS CAGR 8.85%
  • Price CAGR 15.93%
  • P/FCF 13.64
  • Operating Margin 19.4%
  • Positive Free Cash Flow
  • CapEx intensity
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 34.1%
  • Revenue Growth 5Y 16.0%
  • Analyst Consensus 54% Buy
  • PEG Ratio 0.56
  • Earnings Quality (OCF/NI) 1.61
  • Share Dilution -2.6%
  • Net Margin Trend 15.1% vs 14.8%
  • Piotroski F-Score 5/9

Non superati (6)

  • P/B Ratio 5.99
  • Debt/Equity ratio
  • Interest Coverage
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Earnings Surprise avg 2.1%

Non disponibili (5)

  • ROIC NaN%
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Current Ratio
  • Debt/EBITDA

Piotroski F-Score

5/9

Segnali misti: alcune aree necessitano attenzione

score
criteria

Qualità degli Utili

1.61

Alta qualità: utili supportati da cash

Diluizione Azionaria

-2.6%

Riacquisto azioni. Favorevole agli azionisti

Partecipazioni istituzionali

Governance

Team Dirigenziale

NomeRuoloEtà
Mr. Stephen Joseph SqueriChairman & CEO65
Mr. Christophe Y. Le CaillecChief Financial Officer59
Mr. Raymond Donald JoabarGroup President of Global Commercial Services59
Mr. Howard Martin GrosfieldGroup President of US Consumer Services56
Mr. Ravikumar RadhakrishnanExecutive VP & CIO53
Mr. Kartik RamachandranSenior VP & Head of Investor Relations-
Ms. Laureen E. SeegerChief Legal Officer63
Ms. Elizabeth RutledgeChief Marketing Officer63
Ms. Glenda G. McNealChief Partner Officer64
Ms. Denise PickettPresident of Enterprise Shared Services59

Rischio Audit

4

Rischio CdA

9

Rischio Compensi

1

Rischio Diritti Azionisti

6

Parte 2 · Il prezzo e il momento d'ingresso

Questa parte non serve a capire se l'azienda vale: serve a scegliere quando comprarla, dopo che i fondamentali ti hanno convinto. Dentro: analisi tecnica, potenziale, drawdown storici, esposizione gamma.

Documenti

  • Relazione annuale (10-K)

    Una panoramica annuale del business, dei risultati finanziari e dei rischi dell'azienda.

    Depositato il 2026-02-06

    Vedi documento
  • Relazione trimestrale (10-Q)

    Un aggiornamento sull'andamento finanziario degli ultimi tre mesi.

    Depositato il 2026-07-24

    Vedi documento
  • Comunicazione price-sensitive (8-K)

    Una comunicazione su un evento importante, come un cambio ai vertici o un grande annuncio.

    Depositato il 2026-09-15

    Vedi documento

via SEC EDGAR

Storico Ricavi

via SEC EDGAR

Ultime Notizie

Ultime notizie per AXP, da Markets Gazette.

  • 23h agoPOSITIVE
    Amex's New AI Agent for Expenses (Correct)

    American Express has unveiled a new AI-powered corporate expense platform designed to significantly reduce the time spent on expense reporting and provide finance teams with real-time spending analytics. The platform incorporates agentic tools aimed at optimizing back-office operations for mid-sized businesses. This innovation is expected to enhance efficiency and offer greater financial visibility, potentially leading to cost savings and improved strategic decision-making for its corporate clients. For investors, this move signals Amex's commitment to leveraging cutting-edge technology to deepen client relationships and expand its service offerings in the corporate sector.

  • 7/24/2026POSITIVE
    American Express rides a boom in Platinum cards to its strongest spending growth in years

    American Express reported its strongest spending growth in years, attributed to a surge in its premium Platinum card offerings. An executive highlighted that the appeal lies in the cardmember perks and 'access' provided. This robust performance indicates a strong consumer appetite for high-end services and a successful strategy by Amex in leveraging its premium segment. For investors, this suggests Amex is effectively capturing high-value customer spending and potentially gaining market share in the premium credit card space, which could translate to increased revenue and profitability.

  • 6/20/2026NEUTRAL
    Better Payments Stock for the Long Haul: American Express or Visa?

    The article compares American Express and Visa, highlighting their distinct business models. American Express targets a niche, premium customer segment, focusing on high-value transactions and loyalty programs. In contrast, Visa operates as a payment network intermediary, facilitating transactions for a broad range of consumers and businesses globally. This strategic difference impacts their growth potential and market positioning. While Amex focuses on deepening relationships with affluent customers, Visa aims for ubiquitous adoption. Investors should consider these differing strategies when evaluating long-term prospects for each company.

  • 6/18/2026POSITIVE
    $1000 Invested In American Express 5 Years Ago Would Be Worth This Much Today

    An investment of $1000 in American Express Company (AXP) five years ago would have yielded a significant return, illustrating the company's robust performance and stock appreciation over the period. While specific figures are not provided in the title, such a headline typically indicates substantial growth, likely driven by strong earnings, strategic initiatives, and positive market sentiment towards the financial services sector. Investors who held AXP would have benefited from its ability to navigate economic cycles and capitalize on consumer spending trends, making it a noteworthy performer in the financial sector.

  • 5/11/2026NEUTRAL
    Amex bought Resy. Chase bought The Infatuation. Inside the credit card industry’s quiet takeover of how you spend

    American Express has acquired Resy, a restaurant reservation platform, while JPMorgan Chase acquired The Infatuation, a restaurant review and lifestyle company. These moves signal a strategic shift by major credit card issuers to influence consumer spending habits beyond simple rewards programs. By integrating dining reservation and review services, companies like Amex and Chase aim to capture a larger share of the lucrative dining market and gather valuable consumer data. This consolidation could lead to more exclusive partnerships and integrated experiences for cardholders, potentially altering the competitive landscape for both financial services and the hospitality tech sector.

  • 5/6/2026POSITIVE
    The CEO who was told he’d never run American Express has made Amex cool again—and is beating JPMorgan, Visa, and the S&P 500

    American Express has achieved remarkable success, outperforming major financial institutions like JPMorgan and Visa, as well as the S&P 500 index. This turnaround is attributed to CEO Stephen Squeri's strategy of appealing to younger demographics by offering premium credit cards, such as one priced at $900 annually. This innovative approach has resonated with consumers, demonstrating Amex's ability to adapt and thrive in a competitive market. Investors are likely to view this performance positively, signaling strong management and a successful market positioning.

  • 4/23/2026NEUTRAL
    American Express Sees Strong Card Spending, Higher Costs

    American Express Company announced plans to increase investments in marketing and technology, signaling a strategic push for future growth. However, the company also noted a slowdown in customer spending on air travel, a key segment for card spending. This mixed outlook presents a nuanced picture for investors. While increased spending could drive future revenue, the deceleration in travel spending poses a near-term headwind. The company's ability to navigate these competing forces will be crucial for its performance.

  • 4/23/2026POSITIVE
    Amex cardholders are loading up on luxury goods and premium airfares, as spending growth picks up

    American Express reported a robust 10% growth in spending on its cards during the first quarter. This surge is primarily driven by cardholders increasing their expenditure on luxury goods and premium airfares, indicating a strong consumer appetite for high-value purchases. The data suggests a positive trend in consumer confidence and discretionary spending, particularly among Amex's affluent customer base. For investors, this signals potential for continued revenue growth and profitability for American Express, as higher spending translates directly into increased transaction fees and interest income.

via Markets Gazette