American Express (AXP) FCF Margin (2010 - 2026)
American Express (AXP) reported FCF Margin of 22.12% for Q3 2026, down 8.16 percentage points from 30.28% a year earlier and down 0.66 percentage points from the prior quarter.
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Analysis
American Express (AXP) FCF Margin (2010 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, American Express' FCF Margin came in at 17.93%, down 8.97 percentage points year-over-year; for FY2025, it came in at 22.16%, up 3.75 percentage points from FY2024.
- FCF Margin has a five-year change of +10.76 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 18.41% in FY2024 (-9.68 pp), 28.09% in FY2023 (-8.28 pp), 36.37% in FY2022 (+5.47 pp) and 30.90% in FY2021 (+19.50 pp).
- Five-year quarterly FCF Margin spans a low of -13.63% in Q3 2024 and a high of 55.86% in Q4 2022.
- Year over year, FCF Margin gained in two of the last eight quarters, with an average year-over-year change of -1.52 percentage points.
- The high point for year-over-year FCF Margin in five years was Q3 2025 (a gain of 43.90 percentage points); the low point was Q3 2024 (a drop of 64.62 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 22.78% (Q2 2026), 14.04% (Q1 2026) and 12.36% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 903.97 Bn | 903.97 Bn | - | - |
| 2 | Bank Of America | 356.92 Bn | -2,019.15 Bn | - | 92.03% |
| 3 | Hsbc Holdings | 296.96 Bn | -1,806.64 Bn | - | - |
| 4 | Morgan Stanley | 285.10 Bn | 285.10 Bn | - | - |
| 5 | Royal Bank Of Canada | 284.66 Bn | -545.38 Bn | - | 189.34% |
| 6 | Goldman Sachs | 266.61 Bn | 266.61 Bn | - | - |
| 7 | Wells Fargo & Company | 250.94 Bn | 250.94 Bn | - | 40.54% |
| 8 | Mitsubishi Ufj Financial | 245.01 Bn | -96.38 Bn | 10.89 Bn | - |
| 9 | Toronto Dominion Bank | 214.22 Bn | -461.66 Bn | - | -34.71% |
| 10 | American Express | 214.16 Bn | 13.64 Bn | - | 22.12% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.12% |
| 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% |
API Access
American Express FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "AXP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();