American Express (AXP) Net Margin (2009 - 2026)
American Express (AXP) reported Net Margin of 15.84% for Q2 2026, down 0.32 percentage points from 16.16% a year earlier but up 0.12 percentage points from the prior quarter.
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Analysis
American Express (AXP) Net Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, American Express' Net Margin came in at 15.07%, up 0.29 percentage points year-over-year; for FY2025, it came in at 15.00%, down 0.36 percentage points from FY2024.
- Net Margin has a five-year change of +6.31 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 15.36% in FY2024 (+1.52 pp), 13.84% in FY2023 (-0.38 pp), 14.21% in FY2022 (-4.80 pp) and 19.02% in FY2021 (+10.33 pp).
- Five-year quarterly Net Margin spans a low of 11.09% in Q4 2022 and a high of 18.46% in Q2 2024.
- Year over year, Net Margin gained in four of the last eight quarters, with an average year-over-year change of -0.22 percentage points.
- The high point for year-over-year Net Margin in five years was Q3 2021 (a gain of 4.45 percentage points); the low point was Q2 2022 (a drop of 7.60 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 15.71% (Q1 2026), 12.97% (Q4 2025) and 15.75% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 885.23 Bn | 914.70 Bn | - | 36.19% |
| 2 | Banco Santander Chile | 404.41 Bn | 524.35 Bn | - | - |
| 3 | Bank Of America | 381.15 Bn | -1,994.92 Bn | - | 27.72% |
| 4 | Hsbc Holdings | 319.39 Bn | 319.44 Bn | - | - |
| 5 | Morgan Stanley | 298.67 Bn | -210.43 Bn | - | 25.46% |
| 6 | Royal Bank Of Canada | 268.75 Bn | -557.52 Bn | - | 32.50% |
| 7 | Mitsubishi Ufj Financial | 265.72 Bn | -107.91 Bn | 10.89 Bn | - |
| 8 | Goldman Sachs | 261.04 Bn | -3,296.07 Bn | - | 31.46% |
| 9 | Wells Fargo & Company | 253.09 Bn | 255.22 Bn | - | 27.23% |
| 10 | American Express | 208.01 Bn | -160.24 Mn | - | 15.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.84% |
| Mar 31, 2026 | 15.71% |
| Dec 31, 2025 | 12.97% |
| Sep 30, 2025 | 15.75% |
| Jun 30, 2025 | 16.16% |
| Mar 31, 2025 | 15.23% |
| Dec 31, 2024 | 12.63% |
| Sep 30, 2024 | 15.07% |
| Jun 30, 2024 | 18.46% |
| Mar 31, 2024 | 15.42% |
| Dec 31, 2023 | 12.23% |
| Sep 30, 2023 | 15.94% |
| Jun 30, 2023 | 14.44% |
| Mar 31, 2023 | 12.72% |
| Dec 31, 2022 | 11.09% |
| Sep 30, 2022 | 13.86% |
| Jun 30, 2022 | 14.66% |
| Mar 31, 2022 | 17.89% |
| Dec 31, 2021 | 14.15% |
| Sep 30, 2021 | 16.71% |
API Access
American Express Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "AXP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();