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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 - 2026)

American Express' Gross Margin history spans 6 years, with the latest figure at 92.17% for Q1 2026.

  • On a quarterly basis, Gross Margin rose 93.0% to 92.17% in Q1 2026 year-over-year; TTM through Mar 2026 was 91.58%, a 59.0% increase, with the full-year FY2025 number at 91.34%, up 50.0% from a year prior.
  • Gross Margin hit 92.17% in Q1 2026 for American Express, up from 91.51% in the prior quarter.
  • Over the last five years, Gross Margin for AXP hit a ceiling of 92.23% in Q4 2023 and a floor of 88.79% in Q2 2022.
  • Historically, Gross Margin has averaged 90.88% across 5 years, with a median of 91.01% in 2022.
  • Biggest five-year swings in Gross Margin: surged 406bps in 2022 and later tumbled -162bps in 2024.
  • Tracing AXP's Gross Margin over 5 years: stood at 91.01% in 2022, then grew by 1bps to 92.23% in 2023, then fell by -2bps to 90.6% in 2024, then grew by 1bps to 91.51% in 2025, then rose by 1bps to 92.17% in 2026.
  • Business Quant data shows Gross Margin for AXP at 92.17% in Q1 2026, 91.51% in Q4 2025, and 91.32% in Q3 2025.