AmEx Trading Above 21X P/E: Playing Offense With a Higher Price Tag?

Key Takeaways AmEx trades above its 5-year median P/E while remaining below the industry average.AXP reports 11% revenue growth and 9% network volume gains in Q3 2025.AmEx sees strong Gen Z and Millennial spending and rising 2025-2026 earnings estimates.American Express Company (AXP) , also known as AmEx, has entered a valuation zone attracting increased attention, as shares now trade above their long-term averages. With forward 12-month earnings (P/E) of 21.17X, AXP appears quite high compared to its 5-yea ...