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Specialty Finance

American Express Executive Compensation (FY25)

AXP · New York, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Stephen Squeri
Latest say-on-pay support
=
May 5, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 22, 2026Latest filing (8-K): May 7, 2026
12 filings cited on this page
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358 figures on this page: 350 cited to the filing that reported them, 8 calculated from figures it prints. See the citations

More on American Express

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Stephen Squeri: $37,164,405 → $46,239,805 (24.4% higher)
Say-on-pay support: 92.9% → 93.3% (0.4 points higher)
CEO pay ratio: 615:1 → 814:1 (32.4% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is American Express' chief executive and what were they paid?
Total compensation for Stephen Squeri, Chairman and Chief Executive Officer, came to $46,239,805 in fiscal 2025. Compared with the $37,164,405 reported for fiscal 2024, Squeri's total was 24.4% higher.
What was American Express' say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 93.3% of votes cast for or against in favor at the meeting held May 5, 2026.
Which companies are in American Express' peer group?
The disclosed peer group names Adobe, Bank of America, BlackRock, BNY and Capital One Financial, among others.
What is American Express' chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 814:1, against median employee compensation of $56,827.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Squeri
Chairman and Chief Executive Officer
◇◇◇◇—◇◇◇
A.D Williams
Group President, Enterprise Services and CEO of AENB
◇◇◇◇——◇◇
Anre Williams
Group President, Enterprise Services and CEO American Express National Bank
◇◇◇◇——◇◇
D.E Buckminster
Vice Chairman
◇◇◇◇——◇◇
Douglas Buckminster
Vice Chairman
◇◇◇◇——◇◇
R Radhakrishnan
Executive Vice President and Chief Information Officer
◇◇◇◇——◇◇
J.C Campbell
Vice Chairman and Chief Financial Officer
◇◇◇◇——◇◇
Jeffrey Campbell
Former Vice Chairman and Former Chief Financial Officer
◇◇◇◇——◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Squeri
Chairman and Chief Executive Officer
◇◇◇◇—◇◇◇
Douglas Buckminster
Vice Chairman
◇◇◇◇—◇◇◇
Jeffrey Campbell
Former Vice Chairman and Former Chief Financial Officer
Departed during or after this year
◇◇◇◇——◇◇
Anre Williams
Group President, Enterprise Services and CEO American Express National Bank
◇◇◇◇—◇◇◇
Laureen Seeger
Chief Legal Officer
◇◇◇◇——◇◇
Christophe Le Caillec
Chief Financial Officer
◇◇◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Squeri
Chairman and Chief Executive Officer
◇◇◇◇—◇◇◇
Douglas Buckminster
Vice Chairman
◇◇◇◇—◇◇◇
Anre Williams
Former Group President, Enterprise Services and Former CEO of AENB
Departed during or after this year
◇◇◇◇—◇◇◇
Laureen Seeger
Chief Legal Officer
◇◇◇◇——◇◇
Christophe Le Caillec
Chief Financial Officer
◇◇◇◇——◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Stephen Squeri
Chairman and Chief Executive Officer
◇◇◇◇—◇◇◇
Douglas Buckminster
Former Vice Chairman
Departed during or after this year
◇◇◇◇—◇◇◇
Christophe Le Caillec
Chief Financial Officer
◇◇◇◇——◇◇
Howard Grosfield
President, U.S. Consumer Services
◇◇◇◇—◇◇◇
Raymond Joabar
Group President, Global Commercial Services
◇◇◇◇—◇◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Christophe Le CaillecPSU◇—◇——◇◇
Christophe Le CaillecPSU◇◇◇—◇—◇
Douglas BuckminsterPSU◇—◇——◇◇
Douglas BuckminsterPSU◇—◇———◇
Douglas BuckminsterPSU◇◇◇—◇—◇
Howard GrosfieldPSU◇—◇——◇◇
Howard GrosfieldPSU◇◇◇—◇—◇
Raymond JoabarPSU◇—◇——◇◇
Raymond JoabarPSU◇◇◇—◇—◇
Stephen SqueriPSU◇◇◇—◇—◇
Stephen SqueriPSU◇—◇——◇◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Raymond JoabarOption◇—◇1/29/2035
Option◇—◇1/31/2034
Option◇—◇2/1/2033
Option◇—◇10/31/2029
Howard GrosfieldOption◇—◇1/29/2035
Option◇—◇10/31/2029
Option◇—◇1/31/2034
Stephen SqueriOption◇—◇1/29/2035
Option◇—◇10/31/2029
Option◇—◇1/31/2034
Option◇—◇2/1/2033
Option◇—◇1/31/2034
Option◇—◇1/29/2035
Douglas BuckminsterOption◇—◇2/1/2033
Option◇—◇1/31/2034
Option◇—◇1/29/2035
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Christophe Le Caillec
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Douglas Buckminster
Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Howard Grosfield
President, U.S. Consumer Services · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Raymond Joabar
Group President, Global Commercial Services · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Stephen Squeri
Chairman and Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Lynn A. Pike
◇◇———◇◇
John J. Brennan
Lead independent director
◇◇———◇◇
Daniel L. Vasella
◇◇———◇◇
Theodore J. Leonsis
◇◇———◇◇
Christopher D. Young
◇◇———◇◇
Thomas J. Baltimore
◇◇———◇◇
Deborah P. Majoras
◇◇———◇◇
Karen L. Parkhill
◇◇———◇◇
Lisa W. Wardell
◇◇———◇◇
Charles E. Phillips
◇◇———◇◇
Michael J. Angelakis
◇◇———◇◇
Noel Wallace
◇————◇◇
Randal K. Quarles
◇————◇◇
Walter J. Clayton III
◇————◇◇
Stephen J. Squeri served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as SEUs (Share Equivalent Units).

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Adobe ADBE
  • Bank of America BAC
  • BlackRock BLK
  • BNY BNY
  • Capital One Financial COF
  • Citigroup C
  • Goldman Sachs GS
  • IBM IBM
  • JPMorgan Chase JPM
  • Mastercard MA
  • Morgan Stanley MS
  • Nike NKE
  • PayPal PYPL
  • PepsiCo PEP
  • Salesforce CRM
  • Starbucks SBUX
  • U.S. Bancorp USB
  • Uber UBER
  • Verizon VZ
  • Visa V
  • Wells Fargo WFC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 5, 2026=◇◇◇
2024April 29, 2025=◇◇◇
2023May 6, 2024=◇◇◇
2022May 2, 2023=◇◇◇
2021May 3, 2022=◇◇◇
2020May 4, 2021=◇◇◇
2019May 5, 2020=◇◇◇
2018May 7, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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Sample answer — “What is the CEO’s total compensation?”
- Stephen Squeri (Chairman and Chief Executive Officer), FY2025 total compensation $46,239,805 (base salary $1,729,167) [exec_comp, SEC accession 0001104659-26-034163, filed 2026-03-25]

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What this page does not include

Everything above is a fact American Express disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where American Express sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
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A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
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Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
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Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
358 figures on this page: 350 cited to the filing that reported them, 8 calculated from figures it prints.
350 cited to the filing
8 calculated from the filing

Documents cited

  1. 0000004962-26-000231
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001104659-26-034163
    Compensation Discussion and Analysis · Compensation of Directors · Outstanding Equity Awards at Fiscal Year-End 2025 · Pay Ratio · and 1 more section
  3. 0000004962-25-000050
  4. 0001193125-25-054588
    Summary Compensation Table
  5. 0000004962-24-000038
  6. 0001193125-24-068837
    Summary Compensation Table
  7. 0000004962-23-000018
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0001193125-23-073923
    Summary Compensation Table
  9. 0000004962-22-000030
  10. 0000004962-21-000032
  11. 0000004962-20-000057
  12. 0000004969-19-000038
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “American Express executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/AXP (accessed 2026).
Short form: data: Velarion

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12 filings cited on this page
Method: intel.velarion.ai/methodology
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Specialty Finance rankings

Chief executive pay — Specialty FinanceCEO pay ratio — Specialty FinanceSay-on-pay support — Specialty Finance

Peers American Express discloses

The companies named in AXP's own disclosed peer group.

AdobeBank of AmericaBlackRockBNYCapital One FinancialCitigroupGoldman SachsIBMJPMorgan ChaseMastercardMorgan StanleyNikePayPalPepsiCoSalesforceStarbucksU.S. BancorpUberVerizonVisaWells Fargo

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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