American Express Company total debt 1989–2026What is the debt to equity ratio? Debt to equity is a company's total debt divided by its shareholders' equity: how much it has borrowed for each dollar its owners have in the business.
American Express Company's total debt was 59.95B USD on 30 September 2026, up 1.2% on a year before. At the end of fiscal year 2025 it was 57.76B USD.
Last updated 8 Nov 2026 · Next report 29 Jan 2027
Total debt
Growth
| Fiscal year | Period ending | Total debt | Growth | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Latest quarter | 30 Sept 2026 | 59.95B | +1.22% | 43.20B | -16.75B | 1.67 |
| FY2025 | 31 Dec 2025 | 57.76B | +13.06% | 48.53B | -9.23B | 1.73 |
| FY2024 | 31 Dec 2024 | 51.09B | +3.93% | 41.74B | -9.35B | 1.69 |
| FY2023 | 31 Dec 2023 | 49.16B | +11.93% | 48.65B | -509.00M | 1.75 |
| FY2022 | 31 Dec 2022 | 43.92B | +7.34% | 38.39B | -5.53B | 1.78 |
| FY2021 | 31 Dec 2021 | 40.92B | -8.73% | 24.50B | -16.42B | 1.85 |
| FY2020 | 31 Dec 2020 | 44.83B | -30.25% | 54.47B | 9.64B | 1.95 |
| FY2019 | 31 Dec 2019 | 64.28B | +4.48% | 32.69B | -31.59B | 2.79 |
| FY2018 | 31 Dec 2018 | 61.52B | +4.13% | 32.04B | -29.48B | 2.76 |
| FY2017 | 31 Dec 2017 | 59.08B | +12.39% | 36.04B | -23.04B | 3.24 |
| FY2016 | 31 Dec 2016 | 52.57B | -0.57% | 28.32B | -24.26B | 2.56 |
| FY2015 | 31 Dec 2015 | 52.87B | -13.94% | 22.76B | -30.11B | 2.56 |
| FY2014 | 31 Dec 2014 | 61.44B | +1.80% | 22.29B | -39.15B | 2.97 |
| FY2013 | 31 Dec 2013 | 60.35B | -3.11% | 19.49B | -40.87B | 3.10 |
| FY2012 | 31 Dec 2012 | 62.29B | -2.53% | 22.25B | -40.04B | 3.30 |
| FY2011 | 31 Dec 2011 | 63.91B | -8.48% | 24.89B | -39.01B | 3.40 |
| FY2010 | 31 Dec 2010 | 69.83B | +27.70% | 16.36B | -53.47B | 4.30 |
| FY2009 | 31 Dec 2009 | 54.68B | -20.79% | 20.66B | -34.02B | 3.80 |
| FY2008 | 31 Dec 2008 | 69.03B | -5.49% | 32.97B | -36.07B | 5.83 |
| FY2007 | 31 Dec 2007 | 73.05B | +25.98% | 8.88B | -64.17B | 6.62 |
| FY2006 | 31 Dec 2006 | 57.98B | +24.93% | 5.31B | -52.68B | 5.52 |
| FY2005 | 31 Dec 2005 | 46.41B | -1.68% | 7.36B | -39.06B | 4.40 |
| FY2004 | 31 Dec 2004 | 47.21B | +18.91% | 8.91B | -38.30B | 2.95 |
| FY2003 | 31 Dec 2003 | 39.70B | +4.69% | 5.73B | -33.97B | 2.59 |
| FY2002 | 31 Dec 2002 | 37.92B | -4.85% | 10.29B | -27.63B | 2.74 |
| FY2001 | 31 Dec 2001 | 39.86B | -3.36% | 7.22B | -32.64B | 3.31 |
| FY2000 | 31 Dec 2000 | 41.24B | +11.10% | 8.49B | -32.75B | 3.53 |
| FY1999 | 31 Dec 1999 | 37.12B | +25.31% | 7.47B | -29.65B | 3.68 |
| FY1998 | 31 Dec 1998 | 29.62B | +4.15% | 4.09B | -25.53B | 2.90 |
| FY1997 | 31 Dec 1997 | 28.44B | +13.98% | 4.18B | -24.26B | 2.97 |
| FY1996 | 31 Dec 1996 | 24.95B | -1.07% | 2.68B | -22.28B | 2.93 |
| FY1995 | 31 Dec 1995 | 25.22B | +14.80% | 3.20B | -22.02B | 3.07 |
| FY1994 | 31 Dec 1994 | 21.97B | +4.38% | 3.43B | -18.54B | 3.42 |
| FY1993 | 31 Dec 1993 | 21.05B | -76.55% | 3.31B | -17.74B | 2.41 |
| FY1992 | 31 Dec 1992 | 89.77B | +39.65% | 32.47B | -57.30B | 11.97 |
| FY1991 | 31 Dec 1991 | 64.28B | +7.21% | 20.56B | -43.72B | 8.61 |
| FY1990 | 31 Dec 1990 | 59.96B | +14.01% | 12.25B | -47.71B | 9.04 |
| FY1989 | 31 Dec 1989 | 52.59B | — | 20.64B | -31.95B | 9.24 |
| Quarter | Period ending | Total debt | Growth on a year before | Cash and short-term investments | Net cash | Debt to equity |
|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Sept 2026 | 59.95B | +1.22% | 43.20B | -16.75B | 1.67 |
| Q2 FY2026 | 30 Jun 2026 | 59.05B | -1.08% | 45.56B | -13.49B | 1.72 |
| Q1 FY2026 | 31 Mar 2026 | 60.44B | +14.48% | 54.05B | -6.40B | 1.78 |
| Q4 FY2025 | 31 Dec 2025 | 57.76B | +13.06% | 48.53B | -9.23B | 1.73 |
| Q3 FY2025 | 30 Sept 2025 | 59.23B | +7.69% | 54.57B | -4.66B | 1.83 |
| Q2 FY2025 | 30 Jun 2025 | 59.70B | +12.29% | 58.82B | -877.00M | 1.85 |
| Q1 FY2025 | 31 Mar 2025 | 52.80B | +4.40% | 52.41B | -389.00M | 1.69 |
| Q4 FY2024 | 31 Dec 2024 | 51.09B | +3.93% | 41.51B | -9.58B | 1.69 |
| Q3 FY2024 | 30 Sept 2024 | 55.00B | +14.45% | 48.68B | -6.32B | 1.85 |
| Q2 FY2024 | 30 Jun 2024 | 53.16B | +10.04% | 53.63B | 468.00M | 1.80 |
| Q1 FY2024 | 31 Mar 2024 | 50.57B | +17.98% | 55.97B | 5.41B | 1.76 |
| Q4 FY2023 | 31 Dec 2023 | 49.16B | +11.93% | 48.65B | -509.00M | 1.75 |
| Q3 FY2023 | 30 Sept 2023 | 48.06B | +9.46% | 46.63B | -1.43B | 1.76 |
| Q2 FY2023 | 30 Jun 2023 | 48.31B | +13.72% | 46.04B | -2.27B | 1.81 |
| Q1 FY2023 | 31 Mar 2023 | 42.86B | +5.94% | 43.47B | 611.00M | 1.65 |
| Q4 FY2022 | 31 Dec 2022 | 43.92B | +7.34% | 38.39B | -5.53B | 1.78 |
| Q3 FY2022 | 30 Sept 2022 | 43.91B | +19.52% | 32.60B | -11.31B | 1.83 |
| Q2 FY2022 | 30 Jun 2022 | 42.48B | +8.29% | 27.44B | -15.04B | 1.83 |
| Q1 FY2022 | 31 Mar 2022 | 40.46B | -7.20% | 27.67B | -12.79B | 1.81 |
| Q4 FY2021 | 31 Dec 2021 | 40.92B | -8.73% | 24.50B | -16.42B | 1.85 |
| Q3 FY2021 | 30 Sept 2021 | 36.74B | -20.99% | 36.35B | -385.00M | 1.50 |
| Q2 FY2021 | 30 Jun 2021 | 39.23B | -22.11% | 40.42B | 1.19B | 1.54 |
| Q1 FY2021 | 31 Mar 2021 | 43.60B | -22.27% | 60.05B | 16.45B | 1.78 |
| Q4 FY2020 | 31 Dec 2020 | 44.83B | -30.25% | 54.47B | 9.64B | 1.95 |
| Q3 FY2020 | 30 Sept 2020 | 46.49B | -24.15% | 47.36B | 863.00M | 2.13 |
| Q2 FY2020 | 30 Jun 2020 | 50.36B | -16.84% | 53.00B | 2.63B | 2.39 |
| Q1 FY2020 | 31 Mar 2020 | 56.09B | -7.21% | 38.82B | -17.27B | 2.67 |
| Q4 FY2019 | 31 Dec 2019 | 64.28B | +4.48% | 32.69B | -31.59B | 2.79 |
| Q3 FY2019 | 30 Sept 2019 | 61.29B | +6.42% | 30.92B | -30.38B | 2.66 |
| Q2 FY2019 | 30 Jun 2019 | 60.56B | +4.68% | 33.51B | -27.05B | 2.62 |
| Q1 FY2019 | 31 Mar 2019 | 60.45B | +11.29% | 37.78B | -22.67B | 2.72 |
| Q4 FY2018 | 31 Dec 2018 | 61.52B | +4.13% | 32.04B | -29.48B | 2.76 |
| Q3 FY2018 | 30 Sept 2018 | 57.59B | +12.67% | 33.84B | -23.75B | 2.68 |
| Q2 FY2018 | 30 Jun 2018 | 57.86B | +4.49% | 31.53B | -26.33B | 2.77 |
| Q1 FY2018 | 31 Mar 2018 | 54.31B | -1.69% | 31.56B | -22.76B | 2.77 |
| Q4 FY2017 | 31 Dec 2017 | 59.08B | +12.39% | 36.04B | -23.04B | 3.24 |
| Q3 FY2017 | 30 Sept 2017 | 51.11B | +7.03% | 26.17B | -24.95B | 2.42 |
| Q2 FY2017 | 30 Jun 2017 | 55.37B | +4.49% | 30.44B | -24.93B | 2.61 |
| Q1 FY2017 | 31 Mar 2017 | 55.25B | +10.70% | 29.37B | -25.88B | 2.64 |
| Q4 FY2016 | 31 Dec 2016 | 52.57B | -0.57% | 28.32B | -24.26B | 2.56 |
| Q3 FY2016 | 30 Sept 2016 | 47.76B | -7.83% | 26.52B | -21.24B | 2.27 |
| Q2 FY2016 | 30 Jun 2016 | 52.99B | -7.40% | 33.77B | -19.23B | 2.56 |
| Q1 FY2016 | 31 Mar 2016 | 49.91B | -12.56% | 25.05B | -24.86B | 2.41 |
| Q4 FY2015 | 31 Dec 2015 | 52.87B | -13.94% | 22.76B | -30.11B | 2.56 |
| Q3 FY2015 | 30 Sept 2015 | 51.81B | -12.32% | 19.94B | -31.88B | 2.43 |
| Q2 FY2015 | 30 Jun 2015 | 57.23B | -1.80% | 21.07B | -36.16B | 2.61 |
| Q1 FY2015 | 31 Mar 2015 | 57.07B | +0.28% | 23.57B | -33.50B | 2.61 |
| Q4 FY2014 | 31 Dec 2014 | 61.44B | +1.80% | 22.29B | -39.15B | 2.97 |
| Q3 FY2014 | 30 Sept 2014 | 59.09B | +5.95% | 21.26B | -37.83B | 2.92 |
| Q2 FY2014 | 30 Jun 2014 | 58.27B | +4.74% | 18.43B | -39.84B | 2.88 |
| Q1 FY2014 | 31 Mar 2014 | 56.92B | -4.70% | 20.74B | -36.18B | 2.85 |
| Q4 FY2013 | 31 Dec 2013 | 60.35B | -3.11% | 19.49B | -40.87B | 3.10 |
| Q3 FY2013 | 30 Sept 2013 | 55.78B | -7.50% | 22.29B | -33.49B | 2.90 |
| Q2 FY2013 | 30 Jun 2013 | 55.64B | -6.50% | 23.13B | -32.51B | 2.92 |
| Q1 FY2013 | 31 Mar 2013 | 59.73B | -8.58% | 27.96B | -31.76B | 3.10 |
| Q4 FY2012 | 31 Dec 2012 | 62.29B | -2.53% | 22.25B | -40.04B | 3.30 |
| Q3 FY2012 | 30 Sept 2012 | 60.30B | -14.44% | 25.14B | -35.16B | 3.10 |
| Q2 FY2012 | 30 Jun 2012 | 59.51B | -15.39% | 22.07B | -37.43B | 3.09 |
| Q1 FY2012 | 31 Mar 2012 | 65.33B | +1.91% | 27.08B | -38.25B | 3.28 |
| Q4 FY2011 | 31 Dec 2011 | 63.91B | -8.48% | 24.89B | -39.01B | 3.40 |
| Q3 FY2011 | 30 Sept 2011 | 70.47B | -0.39% | 24.55B | -45.92B | 3.89 |
| Q2 FY2011 | 30 Jun 2011 | 70.33B | -2.26% | 22.61B | -47.72B | 3.86 |
| Q1 FY2011 | 31 Mar 2011 | 64.11B | -13.63% | 22.03B | -42.08B | 3.67 |
| Q4 FY2010 | 31 Dec 2010 | 69.83B | +27.70% | 16.36B | -53.47B | 4.30 |
| Q3 FY2010 | 30 Sept 2010 | 70.75B | +16.36% | 21.34B | -49.41B | 4.44 |
| Q2 FY2010 | 30 Jun 2010 | 71.95B | +16.65% | 20.69B | -51.27B | 4.96 |
| Q1 FY2010 | 31 Mar 2010 | 74.22B | +11.78% | 21.10B | -53.13B | 5.53 |
| Q4 FY2009 | 31 Dec 2009 | 54.68B | -20.79% | 20.66B | -34.02B | 3.80 |
| Q3 FY2009 | 30 Sept 2009 | 60.80B | -15.20% | 18.65B | -42.15B | 4.36 |
| Q2 FY2009 | 30 Jun 2009 | 61.68B | -17.27% | 15.62B | -46.07B | 4.60 |
| Q1 FY2009 | 31 Mar 2009 | 66.40B | -10.90% | 20.80B | -45.61B | 4.21 |
| Q4 FY2008 | 31 Dec 2008 | 69.03B | -5.49% | 32.97B | -36.07B | 5.83 |
| Q3 FY2008 | 30 Sept 2008 | 71.70B | +3.16% | 15.56B | -56.14B | 5.73 |
| Q2 FY2008 | 30 Jun 2008 | 74.55B | +13.52% | 20.09B | -54.46B | 6.08 |
| Q1 FY2008 | 31 Mar 2008 | 74.53B | +26.84% | 19.49B | -55.04B | 6.47 |
| Q4 FY2007 | 31 Dec 2007 | 73.05B | +25.98% | 8.88B | -64.17B | 6.62 |
| Q3 FY2007 | 30 Sept 2007 | 69.50B | +27.23% | 8.41B | -61.09B | 6.38 |
| Q2 FY2007 | 30 Jun 2007 | 65.68B | +28.25% | 7.37B | -58.30B | 6.18 |
| Q1 FY2007 | 31 Mar 2007 | 58.76B | +27.43% | 7.98B | -50.78B | 5.60 |
| Q4 FY2006 | 31 Dec 2006 | 57.98B | +24.93% | 5.31B | -52.68B | 5.52 |
| Q3 FY2006 | 30 Sept 2006 | 54.63B | +23.80% | 7.98B | -46.65B | 5.08 |
| Q2 FY2006 | 30 Jun 2006 | 51.21B | +18.35% | 6.80B | -44.41B | 4.89 |
| Q1 FY2006 | 31 Mar 2006 | 46.11B | +3.31% | 5.39B | -40.72B | 4.35 |
| Q4 FY2005 | 31 Dec 2005 | 46.41B | -1.68% | 7.36B | -39.06B | 4.40 |
| Q3 FY2005 | 30 Sept 2005 | 44.12B | +7.26% | 7.62B | -36.50B | 4.46 |
| Q2 FY2005 | 30 Jun 2005 | 43.27B | +7.29% | 10.20B | -33.07B | 2.52 |
| Q1 FY2005 | 31 Mar 2005 | 44.63B | +12.73% | 10.26B | -34.37B | 2.77 |
| Q4 FY2004 | 31 Dec 2004 | 47.21B | +18.91% | 8.91B | -38.30B | 2.95 |
| Q3 FY2004 | 30 Sept 2004 | 41.14B | +20.32% | 7.62B | -33.52B | 2.60 |
| Q2 FY2004 | 30 Jun 2004 | 40.33B | +15.68% | 6.07B | -34.26B | 2.66 |
| Q1 FY2004 | 31 Mar 2004 | 39.59B | +11.49% | 4.82B | -34.78B | 2.52 |
| Q4 FY2003 | 31 Dec 2003 | 39.70B | +4.69% | 5.73B | -33.97B | 2.59 |
| Q3 FY2003 | 30 Sept 2003 | 34.19B | -0.60% | 6.03B | -28.16B | 2.30 |
| Q2 FY2003 | 30 Jun 2003 | 34.86B | +0.44% | 6.69B | -28.18B | 2.41 |
| Q1 FY2003 | 31 Mar 2003 | 35.51B | -1.93% | 8.41B | -27.11B | 2.52 |
| Q4 FY2002 | 31 Dec 2002 | 37.92B | -4.85% | 10.29B | -27.63B | 2.74 |
| Q3 FY2002 | 30 Sept 2002 | 34.40B | -10.58% | 7.99B | -26.40B | 2.46 |
| Q2 FY2002 | 30 Jun 2002 | 34.71B | -10.47% | 8.90B | -25.81B | 2.61 |
| Q1 FY2002 | 31 Mar 2002 | 36.21B | -1.01% | 7.50B | -28.71B | 2.90 |
| Q4 FY2001 | 31 Dec 2001 | 39.86B | -3.36% | 7.22B | -32.64B | 3.31 |
| Q3 FY2001 | 30 Sept 2001 | 38.47B | +6.49% | 9.86B | -28.61B | 3.15 |
| Q2 FY2001 | 30 Jun 2001 | 38.77B | +23.05% | 8.48B | -30.29B | 3.30 |
| Q1 FY2001 | 31 Mar 2001 | 36.58B | +4.48% | 8.06B | -28.52B | 3.06 |
| Q4 FY2000 | 31 Dec 2000 | 41.24B | +11.10% | 8.49B | -32.75B | 3.53 |
| Q3 FY2000 | 30 Sept 2000 | 36.12B | +15.03% | 8.96B | -27.16B | 3.22 |
| Q2 FY2000 | 30 Jun 2000 | 31.51B | -0.89% | 6.84B | -24.67B | 3.00 |
| Q1 FY2000 | 31 Mar 2000 | 35.01B | +17.03% | 7.43B | -27.59B | 3.41 |
| Q4 FY1999 | 31 Dec 1999 | 37.12B | +25.31% | 7.47B | -29.65B | 3.68 |
| Q3 FY1999 | 30 Sept 1999 | 31.40B | +10.69% | 5.10B | -26.30B | 3.22 |
| Q2 FY1999 | 30 Jun 1999 | 31.79B | +23.02% | 6.10B | -25.69B | 3.26 |
| Q1 FY1999 | 31 Mar 1999 | 29.92B | +13.80% | 5.44B | -24.48B | 3.06 |
| Q4 FY1998 | 31 Dec 1998 | 29.62B | +4.15% | 4.09B | -25.53B | 2.90 |
| Q3 FY1998 | 30 Sept 1998 | 28.37B | +6.69% | 6.59B | -21.78B | 3.02 |
| Q2 FY1998 | 30 Jun 1998 | 25.84B | +1.17% | 3.50B | -22.34B | 2.78 |
| Q1 FY1998 | 31 Mar 1998 | 26.29B | +11.14% | 4.34B | -21.95B | 2.79 |
| Q4 FY1997 | 31 Dec 1997 | 28.44B | +13.98% | 4.18B | -24.26B | 2.97 |
| Q3 FY1997 | 30 Sept 1997 | 26.59B | +5.80% | 4.61B | -21.98B | 2.92 |
| Q2 FY1997 | 30 Jun 1997 | 25.54B | +2.23% | 3.47B | -22.07B | 2.89 |
| Q1 FY1997 | 31 Mar 1997 | 23.66B | -9.36% | 3.17B | -20.49B | 2.82 |
| Q4 FY1996 | 31 Dec 1996 | 24.95B | -1.07% | 2.68B | -22.28B | 2.93 |
| Q3 FY1996 | 30 Sept 1996 | 25.13B | +7.19% | 4.88B | -20.25B | 3.05 |
| Q2 FY1996 | 30 Jun 1996 | 24.98B | +10.10% | 4.97B | -20.01B | 3.14 |
| Q1 FY1996 | 31 Mar 1996 | 26.10B | +20.78% | 5.63B | -20.47B | 3.27 |
| Q4 FY1995 | 31 Dec 1995 | 25.22B | +14.80% | 3.20B | -22.02B | 3.07 |
| Q3 FY1995 | 30 Sept 1995 | 23.45B | +5.03% | 4.58B | -18.87B | 3.15 |
| Q2 FY1995 | 30 Jun 1995 | 22.69B | +5.89% | 4.75B | -17.94B | 3.17 |
| Q1 FY1995 | 31 Mar 1995 | 21.61B | -1.44% | 4.34B | -17.27B | 3.09 |
| Q4 FY1994 | 31 Dec 1994 | 21.97B | +4.38% | 3.43B | -18.54B | 3.42 |
| Q3 FY1994 | 30 Sept 1994 | 22.32B | -75.69% | 6.96B | -15.37B | 3.25 |
| Q2 FY1994 | 30 Jun 1994 | 21.43B | -75.63% | 4.63B | -16.80B | 3.17 |
| Q1 FY1994 | 31 Mar 1994 | 21.92B | -76.26% | 6.83B | -15.09B | 2.40 |
| Q4 FY1993 | 31 Dec 1993 | 21.05B | -76.55% | 3.31B | -17.74B | 2.41 |
| Q3 FY1993 | 30 Sept 1993 | 91.84B | +11.56% | 13.51B | -78.33B | 10.92 |
| Q2 FY1993 | 30 Jun 1993 | 87.93B | +12.99% | 11.51B | -76.42B | 10.93 |
| Q1 FY1993 | 31 Mar 1993 | 92.34B | +19.22% | 33.34B | -59.00B | 12.03 |
| Q4 FY1992 | 31 Dec 1992 | 89.77B | +39.65% | 32.47B | -57.30B | 11.97 |
| Q3 FY1992 | 30 Sept 1992 | 82.32B | +14.88% | 27.53B | -54.79B | 10.99 |
| Q2 FY1992 | 30 Jun 1992 | 77.82B | +21.99% | 25.48B | -52.34B | 9.76 |
| Q1 FY1992 | 31 Mar 1992 | 77.45B | +26.15% | 27.51B | -49.95B | 10.01 |
| Q4 FY1991 | 31 Dec 1991 | 64.28B | +7.21% | 20.56B | -43.72B | 8.61 |
| Q3 FY1991 | 30 Sept 1991 | 71.66B | +12.71% | 26.99B | -44.68B | 9.67 |
| Q2 FY1991 | 30 Jun 1991 | 63.79B | +2.48% | 25.15B | -38.65B | 8.90 |
| Q1 FY1991 | 31 Mar 1991 | 61.40B | +12.35% | 26.13B | -35.27B | 8.87 |
| Q4 FY1990 | 31 Dec 1990 | 59.96B | +14.01% | 12.25B | -47.71B | 9.04 |
| Q3 FY1990 | 30 Sept 1990 | 63.58B | — | 19.15B | -44.43B | 9.64 |
| Q2 FY1990 | 30 Jun 1990 | 62.25B | — | 16.84B | -45.41B | 10.52 |
| Q1 FY1990 | 31 Mar 1990 | 54.65B | — | 16.40B | -38.25B | 10.72 |
| Q4 FY1989 | 31 Dec 1989 | 52.59B | — | 20.64B | -31.95B | 9.24 |
Figures in USD at the end of each period. Net cash is cash and short-term investments less total debt; book value per share is on the diluted share count. The latest column is the most recent quarter.
Total debt counts commercial paper, term debt and lease liabilities.
See also:Revenue,Net income,EPS,Shares outstanding,Operating income,Cash on hand,Free cash flow,Stock buybacks,Balance sheet
Common questions about American Express Company's debt
Source: Financial Modeling Prep
