American Express (AXP) Gross Margin (2021 - 2026)

American Express has disclosed Gross Margin across 6 years of filings, most recently posting 91.6% for Q2 2026.

• In Q2 2026, Gross Margin rose 31.0% year-over-year to 91.6%; the TTM figure through Jun 2026 stood at 91.65% (up 57.0% YoY), while the FY2025 annual figure was 91.34%, up 50.0% from the prior year.
• Gross Margin came in at 91.6% for Q2 2026 at American Express, down from 92.17% 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 88.79% in Q2 2022.
• Average Gross Margin over 5 years is 90.92%, with a median of 91.09% recorded in 2022.
• Year-over-year, Gross Margin jumped 406 bps in 2022 and sank 162 bps in 2024.
• Over 5 years, Gross Margin stood at 91.01% in 2022, then rose by 1 bps to 92.23% in 2023, then decreased by 2 bps to 90.6% in 2024, then rose by 1 bps to 91.51% in 2025, then rose by 0 bps to 91.6% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 91.6% in Q2 2026, 92.17% in Q1 2026, and 91.51% in Q4 2025.