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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

American Express (AXP) Gross Margin (2021 - 2025)

American Express (AXP) has disclosed Gross Margin for 5 consecutive years, with 91.51% as the latest value for Q4 2025.

  • Quarterly Gross Margin rose 90.0% to 91.51% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 91.34% through Dec 2025, up 50.0% year-over-year, with the annual reading at 91.34% for FY2025, 50.0% up from the prior year.
  • Gross Margin hit 91.51% in Q4 2025 for American Express, roughly flat from 91.32% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 92.23% in Q4 2023 to a low of 86.95% in Q4 2021.
  • Historically, Gross Margin has averaged 90.16% across 5 years, with a median of 90.65% in 2024.
  • Biggest five-year swings in Gross Margin: surged 406bps in 2022 and later tumbled -162bps in 2024.
  • Year by year, Gross Margin stood at 86.95% in 2021, then rose by 5bps to 91.01% in 2022, then increased by 1bps to 92.23% in 2023, then dropped by -2bps to 90.6% in 2024, then increased by 1bps to 91.51% in 2025.
  • Business Quant data shows Gross Margin for AXP at 91.51% in Q4 2025, 91.32% in Q3 2025, and 91.29% in Q2 2025.