American Express (AXP) FCF Margin (2010 - 2026)
American Express' (AXP) quarterly FCF Margin came in at 22.78% in Q2 2026, up 181.0% year-over-year from 8.11% in Q2 2025, and up 62.21% quarter-over-quarter from 14.04% in Q1 2026.
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American Express (AXP) FCF Margin (2010 - 2026) Analysis & Trends
American Express has disclosed FCF Margin across 17 years of filings, most recently posting 22.78% for Q2 2026.
- In Q2 2026, FCF Margin rose 181.0% year-over-year to 22.78%; the TTM figure through Jun 2026 stood at 19.82% (up 365.0% YoY), while the FY2025 annual figure was 22.16%, up 375.0% from the prior year.
- FCF Margin came in at 22.78% for Q2 2026 at American Express, up from 14.04% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 55.86% in Q4 2022 to a low of 13.63% in Q3 2024.
- Average FCF Margin over 5 years is 25.17%, with a median of 26.98% recorded in 2022.
- Year-over-year, FCF Margin tumbled 6462 bps in 2024 and jumped 4390 bps in 2025.
- Over 5 years, FCF Margin stood at 55.86% in 2022, then decreased by 28 bps to 40.15% in 2023, then declined by 23 bps to 30.75% in 2024, then plunged by 60 bps to 12.36% in 2025, then soared by 84 bps to 22.78% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 22.78% in Q2 2026, 14.04% in Q1 2026, and 12.36% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 405.01 Bn | -183.49 Bn | 30.39 Bn | 92.03% |
| 2 | Morgan Stanley | 318.33 Bn | 158.20 Bn | - | -16.70% |
| 3 | Royal Bank Of Canada | 284.62 Bn | 57.78 Bn | - | 189.34% |
| 4 | Goldman Sachs | 274.43 Bn | -701.92 Bn | - | 27.55% |
| 5 | Mitsubishi Ufj Financial | 274.26 Bn | -110.06 Bn | 10.89 Bn | - |
| 6 | Wells Fargo & Company | 260.84 Bn | 59.01 Bn | - | 29.95% |
| 7 | American Express | 210.32 Bn | 161.00 Bn | 17.99 Bn | 22.78% |
| 8 | Banco Santander | 210.20 Bn | 217.82 Bn | 28.01 Bn | 619.29% |
| 9 | Toronto Dominion Bank | 206.68 Bn | 45.35 Bn | - | 48.23% |
| 10 | Schwab Charles | 181.98 Bn | 108.39 Bn | - | 58.19% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 22.78% |
| Mar 31, 2026 | 14.04% |
| Dec 31, 2025 | 12.36% |
| Sep 30, 2025 | 30.28% |
| Jun 30, 2025 | 20.97% |
| Mar 31, 2025 | 25.54% |
| Dec 31, 2024 | 30.75% |
| Sep 30, 2024 | -13.63% |
| Jun 30, 2024 | 24.29% |
| Mar 31, 2024 | 32.63% |
| Dec 31, 2023 | 40.15% |
| Sep 30, 2023 | 50.99% |
| Jun 30, 2023 | 23.56% |
| Mar 31, 2023 | -5.16% |
| Dec 31, 2022 | 55.86% |
| Sep 30, 2022 | 29.99% |
| Jun 30, 2022 | 28.42% |
| Mar 31, 2022 | 29.25% |
| Dec 31, 2021 | 37.36% |
| Sep 30, 2021 | 33.88% |