American Express (AXP) FCF Margin (2010 - 2026)
American Express (AXP) posted FCF Margin of 22.78% for Q2 2026, up 62.21% sequentially from 14.04% in Q1 2026, and up 181.0% YoY from 8.11% in Q2 2025.
American Express (AXP) FCF Margin (2010 - 2026) Analysis & Trends
American Express has reported FCF Margin for 17 years, with the latest figure at 22.78% in Q2 2026.
- Quarterly FCF Margin rose 181.0% year-over-year to 22.78% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 19.82% (up 365.0% YoY) and the FY2025 annual result came in at 22.16%, up 375.0% from the prior year.
- FCF Margin grew to 22.78% in Q2 2026 per AXP's latest filing, from 14.04% in the prior quarter.
- Over five years, FCF Margin peaked at 55.86% in Q4 2022 and troughed at 13.63% in Q3 2024.
- A 5-year average of 25.17% and a median of 26.98% in 2022 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2024 and 2025: FCF Margin plunged 6462 bps in 2024, then surged 4390 bps in 2025.
- Over 5 years, FCF Margin stood at 55.86% in 2022, then dropped by 28 bps to 40.15% in 2023, then retreated by 23 bps to 30.75% in 2024, then slumped by 60 bps to 12.36% in 2025, then surged by 84 bps to 22.78% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 22.78%, 14.04%, and 12.36% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 52.76% |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 37.82% |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 22.78% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 64.06% |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 20.44% |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 50.23% |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | -3,167.36% |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | -1,839.75% |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 59.19% |
Historic Data
Download 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% |