American Express Co
American Express Co returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
Operating income is unavailable in the extracted statements for this period.
ROIIC
% · Annual / TTM
Cash and cash equivalents is unavailable in the extracted statements for this period.
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2026 Q2 | Jun 30, 2026 | — | — | — | 34.14% | 3.79% | — |
| FY 2026 Q1 | Mar 31, 2026 | — | — | — | 34.24% | 3.8% | — |
| FY 2025 Q4 | Dec 31, 2025 | — | — | — | 33.81% | 3.79% | — |
| FY 2025 Q3 | Sep 30, 2025 | — | — | — | 33.75% | 3.71% | — |
| FY 2025 Q2 | Jun 30, 2025 | — | — | — | 32.62% | 3.57% | — |
| FY 2025 Q1 | Mar 31, 2025 | — | — | — | 34.08% | 3.73% | — |
| FY 2024 Q4 | Dec 31, 2024 | — | — | — | 34.54% | 3.8% | — |
| FY 2024 Q3 | Sep 30, 2024 | — | — | — | 34.48% | 3.79% | — |
| FY 2024 Q2 | Jun 30, 2024 | — | — | — | 34.77% | 3.8% | — |
| FY 2024 Q1 | Mar 31, 2024 | — | — | — | 32.64% | 3.56% | — |
| FY 2023 Q4 | Dec 31, 2023 | — | — | — | 31.52% | 3.42% | — |
| FY 2023 Q3 | Sep 30, 2023 | — | — | — | 31.04% | 3.44% | — |
| FY 2023 Q2 | Jun 30, 2023 | — | — | — | 29.57% | 3.31% | — |
| FY 2023 Q1 | Mar 31, 2023 | — | — | — | 29.66% | 3.35% | — |
| FY 2022 Q4 | Dec 31, 2022 | — | — | — | 31.81% | 3.6% | — |
| FY 2022 Q3 | Sep 30, 2022 | — | — | — | 31.38% | 3.84% | — |
| FY 2022 Q2 | Jun 30, 2022 | — | — | — | 30.84% | 3.88% | — |
| FY 2022 Q1 | Mar 31, 2022 | — | — | — | 33.47% | 4.07% | — |
| FY 2021 Q4 | Dec 31, 2021 | — | — | — | 35.31% | 4.24% | — |
| FY 2021 Q3 | Sep 30, 2021 | — | — | — | 33.36% | 4.19% | — |
| FY 2021 Q2 | Jun 30, 2021 | — | — | — | 29.96% | 3.74% | — |
| FY 2021 Q1 | Mar 31, 2021 | — | — | — | 21.81% | 2.64% | — |
| FY 2020 Q4 | Dec 31, 2020 | — | — | — | 13.27% | 1.61% | — |
| FY 2020 Q3 | Sep 30, 2020 | — | — | — | 14.81% | 1.78% | — |
| FY 2020 Q2 | Jun 30, 2020 | — | — | — | 18.13% | 2.11% | — |
| FY 2020 Q1 | Mar 31, 2020 | — | — | — | 25.47% | 2.91% | — |
| FY 2019 Q4 | Dec 31, 2019 | — | — | — | 29.44% | 3.49% | — |
| FY 2019 Q3 | Sep 30, 2019 | — | — | — | 31.54% | 3.69% | — |
| FY 2019 Q2 | Jun 30, 2019 | — | — | — | 31.44% | 3.65% | — |
| FY 2019 Q1 | Mar 31, 2019 | — | — | — | 32.4% | 3.63% | — |
| FY 2018 Q4 | Dec 31, 2018 | — | — | — | 33.77% | 3.74% | — |
| FY 2018 Q3 | Sep 30, 2018 | — | — | — | 17.17% | 2.08% | — |
| FY 2018 Q2 | Jun 30, 2018 | — | — | — | 15.95% | 1.94% | — |
| FY 2018 Q1 | Mar 31, 2018 | — | — | — | 15.15% | 1.84% | — |
| FY 2017 Q4 | Dec 31, 2017 | — | — | — | 14.13% | 1.61% | — |
| FY 2017 Q3 | Sep 30, 2017 | — | — | — | 22.32% | 2.96% | — |
| FY 2017 Q2 | Jun 30, 2017 | — | — | — | 21.41% | 2.78% | — |
| FY 2017 Q1 | Mar 31, 2017 | — | — | — | 24.76% | 3.26% | — |
| FY 2016 Q4 | Dec 31, 2016 | — | — | — | 26.27% | 3.38% | — |
| FY 2016 Q3 | Sep 30, 2016 | — | — | — | 25.61% | 3.56% | — |
| FY 2016 Q2 | Jun 30, 2016 | — | — | — | 26.03% | 3.54% | — |
| FY 2016 Q1 | Mar 31, 2016 | — | — | — | 23.5% | 3.23% | — |
| FY 2015 Q4 | Dec 31, 2015 | — | — | — | 24.97% | 3.22% | — |
| FY 2015 Q3 | Sep 30, 2015 | — | — | — | 27.29% | 3.71% | — |
| FY 2015 Q2 | Jun 30, 2015 | — | — | — | 28.04% | 3.83% | — |
| FY 2015 Q1 | Mar 31, 2015 | — | — | — | 28.6% | 3.9% | — |
| FY 2014 Q4 | Dec 31, 2014 | — | — | — | 29.3% | 3.77% | — |
| FY 2014 Q3 | Sep 30, 2014 | — | — | — | 29.14% | 3.78% | — |
| FY 2014 Q2 | Jun 30, 2014 | — | — | — | 28.72% | 3.7% | — |
| FY 2014 Q1 | Mar 31, 2014 | — | — | — | — | — | — |
| FY 2013 Q4 | Dec 31, 2013 | — | — | — | 27.92% | 3.5% | — |
| FY 2013 Q3 | Sep 30, 2013 | — | — | — | 24.23% | 3.09% | — |
| FY 2013 Q2 | Jun 30, 2013 | — | — | — | 23.87% | 3.05% | — |
| FY 2012 Q4 | Dec 31, 2012 | — | — | — | 23.79% | 2.92% | — |
| FY 2012 Q3 | Sep 30, 2012 | — | — | — | 26.81% | 3.34% | — |
| FY 2012 Q2 | Jun 30, 2012 | — | — | — | 26.8% | 3.39% | — |
| FY 2012 Q1 | Mar 31, 2012 | — | — | — | 26.82% | 3.39% | — |
| FY 2011 Q4 | Dec 31, 2011 | — | — | — | 28.18% | 3.29% | — |
| FY 2011 Q3 | Sep 30, 2011 | — | — | — | 28.25% | 3.26% | — |
| FY 2011 Q2 | Jun 30, 2011 | — | — | — | 28.5% | 3.2% | — |
| FY 2011 Q1 | Mar 31, 2011 | — | — | — | 28.14% | 3.03% | — |
| FY 2010 Q4 | Dec 31, 2010 | — | — | — | 26.49% | 2.99% | — |
| FY 2010 Q3 | Sep 30, 2010 | — | — | — | 24.85% | 2.78% | — |
| FY 2010 Q2 | Jun 30, 2010 | 5.46% | — | — | 23.33% | 2.5% | -2.2 pp |
| FY 2010 Q1 | Mar 31, 2010 | — | — | — | — | — | — |
| FY 2009 Q4 | Dec 31, 2009 | — | — | — | — | — | — |
| FY 2009 Q3 | Sep 30, 2009 | — | — | — | — | — | — |
| FY 2009 Q2 | Jun 30, 2009 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · AXP, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.