American Express (AXP) Net Margin (2009 - 2026)

American Express' Net Margin history runs 16 years deep, the most recent figure standing at 15.71% for Q1 2026.

• In Q1 2026, Net Margin rose 48.0% year-over-year to 15.71%; the TTM figure through Mar 2026 stood at 15.13% (down 18.0% YoY), while the FY2025 annual figure was 15.0%, down 36.0% from the prior year.
• Net Margin came in at 15.71% for Q1 2026 at American Express, up from 12.97% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 18.46% in Q2 2024 to a low of 11.09% in Q4 2022.
• A 5-year average of 14.72% and a median of 15.07% in 2024 frame the typical range for Net Margin.
• Across the five-year window, Net Margin plunged 760 bps in 2022 and surged 402 bps in 2024, its largest moves.
• American Express' Net Margin stood at 11.09% in 2022, then rose by 10 bps to 12.23% in 2023, then rose by 3 bps to 12.63% in 2024, then increased by 3 bps to 12.97% in 2025, then rose by 21 bps to 15.71% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 15.71%, 12.97%, and 15.75% for Q1 2026, Q4 2025, and Q3 2025 respectively.