AX

AXP AMERICAN EXPRESS CO

2026Q2 · CUSIP 025816109 · Sector: Financials

Piling in

Net holder growth ranks near the top of the market

Funds that own it
3,024
Institutions that reported holding it to the SEC
Net increase in holders
+111
Last quarter 2,913 → now 3,024
How unusual is that
Top 5%
Stronger buying than 98% of US stocks
What the filings say, in one paragraph

3,024 funds held AXP at the end of 2026Q2, up 111 from the quarter before. That is stronger buying than 97.6% of US stocks — among the most piled-into names this quarter. On the business itself, the P/E is 17.7x, return on equity is 34.2%. AXP has had 33 buying rushes in its history, and the price moved +5.0% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Financials sector.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2013Q3: holders=1043 2013Q4: holders=1131 2014Q1: holders=1158 2014Q2: holders=1165 2014Q3: holders=1177 2014Q4: holders=1265 2015Q1: holders=1267 2015Q2: holders=1229 2015Q3: holders=1228 2015Q4: holders=1218 2016Q1: holders=1150 2016Q2: holders=1136 2016Q3: holders=1140 2016Q4: holders=1255 2017Q1: holders=1255 2017Q2: holders=1266 2017Q3: holders=1291 2017Q4: holders=1422 2018Q1: holders=1440 2018Q2: holders=1427 2018Q3: holders=1450 2018Q4: holders=1516 2019Q1: holders=1582 2019Q2: holders=1570 2019Q3: holders=1584 2019Q4: holders=1672 2020Q1: holders=1539 2020Q2: holders=1577 2020Q3: holders=1557 2020Q4: holders=1721 2021Q1: holders=1782 2021Q2: holders=1845 2021Q3: holders=1869 2021Q4: holders=1999 2022Q1: holders=2064 2022Q2: holders=1973 2022Q3: holders=1915 2022Q4: holders=2003 2023Q1: holders=2052 2023Q2: holders=2043 2023Q3: holders=2005 2023Q4: holders=2192 2024Q1: holders=2309 2024Q2: holders=2348 2024Q3: holders=2458 2024Q4: holders=2640 2025Q1: holders=2623 2025Q2: holders=2718 2025Q3: holders=2756 2025Q4: holders=3053 2026Q1: holders=2913 2026Q2: holders=3024 -297 -148.5 +0 +148.5 +297 93820723206 13Q315Q116Q318Q119Q321Q122Q324Q125Q326Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 33 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2026Q2 Top 5% — —
2025Q4 Top 1% in the market -9.3% -1.4%
2025Q3 Top 10% +0.6% -8.7%
2025Q2 Top 5% +16.6% +13.3%
2024Q4 Top 5% -3.3% -0.7%
2024Q3 Top 1% in the market +3.7% +1.1%
2024Q2 Top 5% +14.8% +23.7%
2024Q1 Top 1% in the market +4.9% +18.8%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
387
Change in large funds
+39
Total value they hold
$197.0B
Funds buying for the first time
266
Funds that sold out entirely
155
Price change that quarter
+8.0%
Funds holding puts (bearish)
50
Funds holding calls (bullish)
43

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

Fundamentals

PE (TTM)
17.7
EPS (TTM)
$17.75
EPS YoY
+19.1%
Revenue (TTM)
—
Revenue YoY
—
Net margin
—
ROE
34.2%
Debt ratio
88.5%
FCF (TTM)
$13.9B
Dividend (TTM)
$3.67
Quarterly Revenue & EPS
2021-12-31: EPS 2.21 2022-03-31: EPS 2.73 2022-06-30: EPS 2.57 2022-09-30: EPS 2.47 2022-12-31: EPS 2.08 2023-03-31: EPS 2.40 2023-06-30: EPS 2.89 2023-09-30: EPS 3.30 2023-12-31: EPS 2.62 2024-03-31: EPS 3.33 2024-06-30: EPS 4.15 2024-09-30: EPS 3.49 2024-12-31: EPS 3.04 2025-03-31: EPS 3.64 2025-06-30: EPS 4.08 2025-09-30: EPS 4.14 2025-12-31: EPS 3.52 2026-03-31: EPS 4.28 2026-06-30: EPS 4.53 2026-09-30: EPS 5.42 0.00 2.98 5.96 20212022202320242025202609/26 EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

P/E (TTM) over time
4Y median 20 13 19 25 20222023202420252026

P/E = close around day 47 after quarter-end ÷ TTM EPS then; this is a consistent valuation date, not the company’s actual filing date; loss quarters hidden

Quarterly free cash flow
-2.6B2.8B8.2B 20162017201820192020202120222023202420252026
Latest quarter $2.7B (2026-03-31)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-09-30 · SEC filings (XBRL)

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2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.