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

American Express has disclosed Net Margin across 16 years of filings, most recently posting 15.71% for Q1 2026.

• Net Margin for Q1 2026 came in at 15.71%, up 48.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.13% (down 18.0% YoY), and the FY2025 annual result 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.
• The 5-year median for Net Margin is 15.07% (2024), against an average of 14.72%.
• Across the five-year window, Net Margin sank 760 bps in 2022 and jumped 402 bps in 2024, its largest moves.
• American Express' Net Margin stood at 11.09% in 2022, then increased by 10 bps to 12.23% in 2023, then increased by 3 bps to 12.63% in 2024, then grew by 3 bps to 12.97% in 2025, then increased by 21 bps to 15.71% in 2026.
• The last three Net Margin figures came in at 15.71% (Q1 2026), 12.97% (Q4 2025), and 15.75% (Q3 2025), per Business Quant data.