• American Express average debt/equity ratio for 2024 was 1.72, a 1.78% decline from 2023.
• American Express average debt/equity ratio for 2023 was 1.69, a 2.87% increase from 2022.
• American Express average debt/equity ratio for 2022 was 1.74, a 10.13% decline from 2021.

Debt/equity ratio can be defined as a measure of a company's financial leverage calculated by dividing its long-term debt by stockholders' equity.