American Express (AXP) EBT Margin (2009 - 2026)

American Express recorded quarterly EBT Margin of 19.98% in Q1 2026, up 22.74% quarter-over-quarter from 16.28% in Q4 2025, and up 36.0% year-over-year from 14.69% in Q1 2025.

American Express (AXP) EBT Margin (2009 - 2026) Analysis & Trends

American Express' EBT Margin history runs 18 years deep, the most recent figure standing at 19.98% for Q1 2026.

  • In Q1 2026, EBT Margin rose 36.0% year-over-year to 19.98%; the TTM figure through Mar 2026 stood at 19.2% (down 29.0% YoY), while the FY2025 annual figure was 19.1%, down 45.0% from the prior year.
  • EBT Margin came in at 19.98% for Q1 2026 at American Express, up from 16.28% in the prior quarter.
  • In the past five years, EBT Margin ranged from a high of 23.2% in Q2 2024 to a low of 13.2% in Q4 2022.
  • A 5-year average of 18.69% and a median of 19.26% in 2024 frame the typical range for EBT Margin.
  • Across the five-year window, EBT Margin plunged 991 bps in 2022 and soared 504 bps in 2024, its largest moves.
  • American Express' EBT Margin stood at 13.2% in 2022, then gained by 20 bps to 15.9% in 2023, then advanced by 1 bps to 16.04% in 2024, then increased by 1 bps to 16.28% in 2025, then climbed by 23 bps to 19.98% in 2026.
  • According to Business Quant data, EBT Margin over the past three periods registered 19.98%, 16.28%, and 20.76% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 Visa 539.53 Bn 527.13 Bn - 63.88%
2 Mastercard 441.81 Bn 431.60 Bn - 57.30%
3 American Express 215.01 Bn 160.96 Bn 17.43 Bn 19.98%
4 Capital One Financial 114.99 Bn 38.50 Bn - 17.72%
5 PayPal Holdings 41.29 Bn 31.95 Bn 7.84 Bn 16.68%
6 Affirm Holdings 24.62 Bn 22.89 Bn 261.64 Mn 32.10%
7 Synchrony Financial 24.22 Bn 3.66 Bn - 21.96%
8 SoFi Technologies 23.71 Bn 20.31 Bn 929.25 Mn 18.14%
9 Ally Financial 13.13 Bn 12.69 Bn 1.98 Bn 19.03%
10 Credit Acceptance 6.46 Bn 6.44 Bn 562.70 Mn 27.07%

Historic Data

Download Data
DateValue
Mar 31, 2026 19.98%
Dec 31, 2025 16.28%
Sep 30, 2025 20.76%
Jun 30, 2025 19.88%
Mar 31, 2025 19.63%
Dec 31, 2024 16.04%
Sep 30, 2024 19.26%
Jun 30, 2024 23.20%
Mar 31, 2024 19.90%
Dec 31, 2023 15.90%
Sep 30, 2023 20.15%
Jun 30, 2023 18.16%
Mar 31, 2023 15.17%
Dec 31, 2022 13.20%
Sep 30, 2022 18.14%
Jun 30, 2022 18.98%
Mar 31, 2022 23.11%
Dec 31, 2021 18.99%
Sep 30, 2021 22.42%
Jun 30, 2021 28.70%