AXP at a glance
American Express (AXP, SEC CIK 4962) filed its latest 10-K annual report on February 6, 2026, a 10-Q quarterly report on July 24, 2026, an 8-K current report on September 15, 2026 and Form 4 insider filings as recently as October 2, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), American Express (AXP) reported revenue of $41.3 billion (up 6.4% from FY2024) and net income of $10.8 billion. Diluted EPS was $15.38.
- As of June 30, 2026, 67 institutional investment managers tracked by SignalX reported holding American Express (AXP) shares worth $121.7 billion in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by Herena Monique on August 18, 2026 of 8,811 shares at $337.41 per share.
- In the last 90 days, AXP insiders reported 0 open-market purchases ($0) and 1 open-market sale ($3.0M) on Form 4, a net sale of $3.0M.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $41.3B
- +6.4% vs prior year
- Insiders · 90 days
- 0 buys · 1 sell
- Net −$3.0M
- 13F holders
- 67 funds
- $121.7B · +1 vs prior quarter
- Latest 8-K
- Sep 15, 2026
- Item 7.01
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: global payments platform combining card issuing, merchant acquiring, and network services targeting premium consumers and businesses
- New emphasis on integrating generative AI and agentic commerce technologies to enhance payments platform and customer experience
- Strategic shift: added fifth strategic imperative focused on reimagining customer and colleague experiences driven by technology transformation
- Key quantitative metric: 86.6 million proprietary cards-in-force worldwide, $1,670B billed business in 2025, 76,800 employees globally
- Noteworthy fact: 2025 acquisition of Center, expense management software company, expanding non-card B2B payment and expense solutions segment
Risk Factors
- Regulatory risk from evolving EU rules affecting cobranded card partnerships and agent relationships, creating contractual and compliance uncertainty in these segments
- Geopolitical exposure from Russian invasion of Ukraine, resulting in exit from Russia and Belarus operations and ongoing risk from intensified geopolitical tensions
- Operational reliance on key cobrand partners like Amazon and Delta, with 26% of billed business and 36% of Card Member loans tied to cobranded portfolios
- Competitive threat from Visa and Mastercard's larger scale and resources, plus merchant investments in proprietary wallets and payment solutions impacting acceptance and volumes
- Financial risk of increasing payments to cobrand partners as competition intensifies, with potentially significant expenses tied to performance triggers and partnership renegotiations
Management Discussion & Analysis
- Total revenues net of interest expense $72.2B, up 10% YoY (+$6.3B from $65.9B in 2024) driven by Discount revenue (+6%), Net card fees (+18%) and Service fees (+10%)
- Operating margin approx. 26.3% ($19.0B pretax segment income / $72.2B revenues) with pretax income up 9% YoY ($10.1B vs. $9.3B)
- Best performing segment: U.S. Consumer Services, revenues $34.8B (+11%), pretax income $6.81B (+7%); Worst performing segment: Commercial Services, revenues $16.9B (+7%), pretax income $3.67B (+5%)
- Total expenses $53.2B, up 11% YoY (+$5.3B), driven by Card Member rewards (+11%) and salaries (+10%); Provisions for credit losses $5.3B, flat YoY
AI summary of the AXP 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Management Discussion & Analysis
- Revenue $19.637B, up 10% YoY from $17.856B
- Net income $3.110B, up 8%; effective tax rate 23.6% vs 18.7%
- International Card Services strongest, billed business up 13%; Commercial Services weakest, up 5%
- Cash and equivalents $45.243B, down 22% from $57.937B; $2.9B returned via repurchases and dividends
- Outlook: moderation in small-business spend; geopolitical and regulatory uncertainty cited as headwinds
Risk Factors
- Risk Factors section not provided in the supplied filing text
- No new or changed risk factors identifiable from the excerpt
AI summary of the AXP 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 7.01: Regulation FD Disclosure
- U.S. Consumer card balances rose to $114.2B in August from $113.1B in July
- Consumer 30-day delinquency held at 1.1%, while principal-only net write-offs increased to 1.7% from 1.4% in June
Item 7.01: Regulation FD Disclosure
- U.S. Consumer Card balances $113.1B in July, down from $113.8B in June and May
- U.S. Small Business balances $46.1B, while 30-day delinquencies improved to 1.3% from 1.4%
Item 3.03: Material Modification to Rights of Security Holders
- Issued 1,600,000 Series E Depositary Shares representing 1,600 Series E preferred shares
- Series E carries a 6.450% fixed-rate reset, noncumulative dividend
Item 5.03: Amendments to Articles of Incorporation or Bylaws
- Certificate amendment fixes Series E Preferred Shares designations, preferences, limitations and relative rights
- Series E Preferred Shares carry $1,000,000 liquidation preference per share
Item 8.01: Other Events
- Depositary share sale closed August 12, 2026 under an underwriting agreement
- Planned September 15, 2026 full redemption of Series D preferred shares and related depositary shares
AI summaries of AXP 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for AXP
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Brennan John Joseph | A | Sep 30, 2026 | 212.17 | $312.25 |
| Wallace Noel R. | A | Sep 30, 2026 | 116.093 | $312.25 |
| Majoras Deborah P | A | Sep 30, 2026 | 58.046 | $312.25 |
| PHILLIPS JR CHARLES E | A | Sep 30, 2026 | 60.048 | $312.25 |
| Angelakis Michael J | A | Sep 30, 2026 | 58.046 | $312.25 |
| Baltimore Thomas J Jr | A | Sep 30, 2026 | 116.093 | $312.25 |
| WARDELL LISA W | A | Sep 30, 2026 | 120.096 | $312.25 |
| Young Christopher David | A | Sep 30, 2026 | 128.102 | $312.25 |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $37.2B | $38.8B | $41.3B |
| Net Income | $8.4B | $10.1B | $10.8B |
| Net Margin | 22.5% | 26.1% | 26.2% |
| Balance Sheet | |||
| Total Assets | $261.1B | $271.5B | $300.1B |
| Equity | - | $30.3B | $33.5B |
| ROE | - | 33.5% | 32.4% |
| Per Share | |||
| EPS | $11.21 | $14.01 | $15.38 |
| Cash Flow | |||
| Operating CF | $18.6B | $14.1B | $18.4B |
| CapEx | $1.6B | $1.9B | $2.4B |
Source: XBRL data in American Express (AXP)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate AXP share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 67 | $121.71B |
| Q1 2026 | 66 | $109.22B |
| Q4 2025 | 61 | $135.95B |
| Q3 2025 | 64 | $129.45B |
| Q2 2025 | 60 | $116.82B |
| Q1 2025 | 59 | $84.23B |
| Q4 2024 | 55 | $80.39B |
| Q3 2024 | 49 | $57.62B |
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- Bank of America Corp+615.0K (+8%)
- Morgan Stanley+312.4K (+2%)
- Wells Fargo & Co+272.9K (+5%)
- FMR LLC (Fidelity)−3.26M (-35%)
- Ameriprise Financial−819.7K (-26%)
- Renaissance Technologies LLC−516.3K (-94%)
- Invesco Ltd−473.0K (-14%)
- D.E. Shaw & Co−402.2K (-20%)
- Loews Corporation+45.0K
- WESTWOOD HOLDINGS GROUP INC+1.3K
Source: 13F-HR filings on SEC EDGAR (aggregated from 481 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
AXP filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 4 | Oct 2, 2026 | - | - | - |
| 8-K | Sep 15, 2026 | - | Analysis | - |
| 4 | Aug 19, 2026 | - | - | - |
| 8-K | Aug 17, 2026 | - | Analysis | - |
| 8-K | Aug 12, 2026 | - | Analysis | - |
| 13F-HR | Aug 7, 2026 | Jun 30, 2026 | - | |
| 8-K | Aug 5, 2026 | - | Analysis | - |
| 10-Q | Jul 24, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Jul 24, 2026 | - | Analysis | - |
| 8-K | Jul 15, 2026 | - | Analysis | - |
| 8-K | Jun 25, 2026 | - | Analysis | - |
| 4 | Jun 17, 2026 | - | - | - |
| 8-K | Jun 17, 2026 | - | - | - |
| 8-K | Jun 15, 2026 | - | Analysis | - |
| 8-K | May 15, 2026 | - | Analysis | |
| 13F-HR | May 8, 2026 | Mar 31, 2026 | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| 4 | May 7, 2026 | - | - |
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AXP SEC filings: frequently asked questions
Are AXP insiders buying or selling?
In the last 90 days, American Express (AXP) officers, directors and 10% owners reported no open-market purchases and 1 open-market sale worth $3.0 million by 1 insider on Form 4. Many insider sales are pre-planned or for taxes, so purchases usually carry more information.
Which institutions hold AXP stock?
As of June 30, 2026, the largest American Express (AXP) holders among the 13F filers tracked by SignalX were Berkshire Hathaway Inc ($51.3 billion), BlackRock ($14.2 billion), Vanguard Capital Management LLC ($11.9 billion), State Street Corp ($9.8 billion), JPMorgan Chase & Co ($7.0 billion). 13F-HR reports are filed up to 45 days after each quarter ends.
What was AXP's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), American Express (AXP) reported revenue of $41.3 billion (up 6.4% from FY2024) and net income of $10.8 billion. Diluted EPS was $15.38. The figures come from the XBRL data in the 10-K.
What are the main risks in AXP's latest 10-K?
In the 10-K filed February 6, 2026, American Express (AXP) flagged: Regulatory risk from evolving EU rules affecting cobranded card partnerships and agent relationships, creating contractual and compliance uncertainty in these segments. Geopolitical exposure from Russian invasion of Ukraine, resulting in exit from Russia and Belarus operations and ongoing risk from intensified geopolitical tensions. (AI summary of the Risk Factors section.)
What did AXP report in its latest 8-K?
American Express (AXP) filed an 8-K on September 15, 2026 reporting Item 7.01 (Regulation FD Disclosure). U.S. Consumer card balances rose to $114.2B in August from $113.1B in July.
What are the latest AXP SEC filings?
American Express (AXP) filed its latest 10-K annual report on February 6, 2026, a 10-Q quarterly report on July 24, 2026, an 8-K current report on September 15, 2026 and a Form 4 insider filing on October 2, 2026.
What is AXP's SEC CIK number?
American Express (AXP)'s SEC Central Index Key (CIK) is 4962. EDGAR lists every AXP filing under that number.
Ask anything about AXP
The research agent reads AXP's filings, financials, insider trades and 13F holders, then answers with sources.