KPIs & Operating Metrics(New)

American Express (AXP) Gross Margin: 2009-2025

Historic Gross Margin for American Express (AXP) over the last 17 years, with Sep 2025 value amounting to 91.32%.

  • American Express' Gross Margin rose 16.00% to 91.32% in Q3 2025 from the same period last year, while for Sep 2025 it was 91.12%, marking a year-over-year decrease of 12.00%. This contributed to the annual value of 90.84% for FY2024, which is 54.00% down from last year.
  • As of Q3 2025, American Express' Gross Margin stood at 91.32%, which was up 0.03% from 91.29% recorded in Q2 2025.
  • American Express' 5-year Gross Margin high stood at 92.23% for Q4 2023, and its period low was 86.95% during Q4 2021.
  • For the 3-year period, American Express' Gross Margin averaged around 91.15%, with its median value being 91.16% (2024).
  • Per our database at Business Quant, American Express' Gross Margin crashed by 1,305bps in 2021 and then surged by 406bps in 2022.
  • American Express' Gross Margin (Quarterly) stood at 86.95% in 2021, then soared by 406bps to 91.01% in 2022, then surged by 121bps to 92.23% in 2023, then tumbled by 162bps to 90.60% in 2024, then climbed by 16bps to 91.32% in 2025.
  • Its last three reported values are 91.32% in Q3 2025, 91.29% for Q2 2025, and 91.24% during Q1 2025.