American Express (AXP) Net Margin (2009 - 2026)
American Express (AXP) posted Net Margin of 15.71% for Q1 2026, up 21.14% sequentially from 12.97% in Q4 2025, and up 48.0% YoY from 10.62% in Q1 2025.
American Express (AXP) Net Margin (2009 - 2026) Analysis & Trends
American Express (AXP) has 16 years of Net Margin data on file, last reported at 15.71% in Q1 2026.
- Quarterly Net Margin rose 48.0% year-over-year to 15.71% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 15.13% (down 18.0% YoY) and the FY2025 annual result came in at 15.0%, down 36.0% from the prior year.
- Net Margin advanced to 15.71% in Q1 2026 per AXP's latest filing, from 12.97% in the prior quarter.
- The five-year high for Net Margin was 18.46% in Q2 2024, with the low at 11.09% in Q4 2022.
- Average Net Margin over 5 years is 14.72%, with a median of 15.07% recorded in 2024.
- Year-over-year, Net Margin tumbled 760 bps in 2022 and surged 402 bps in 2024.
- American Express' Net Margin stood at 11.09% in 2022, then advanced by 10 bps to 12.23% in 2023, then advanced by 3 bps to 12.63% in 2024, then gained by 3 bps to 12.97% in 2025, then advanced by 21 bps to 15.71% in 2026.
- Business Quant data shows AXP's Net Margin at 15.71% in Q1 2026, 12.97% in Q4 2025, and 15.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 587.74 Bn | 575.34 Bn | - | 53.62% |
| 2 | Mastercard | 465.55 Bn | 455.34 Bn | - | 46.23% |
| 3 | American Express | 238.39 Bn | 184.35 Bn | 17.43 Bn | 15.71% |
| 4 | PayPal Holdings | 40.24 Bn | 30.89 Bn | 7.84 Bn | 13.32% |
| 5 | Affirm Holdings | 28.27 Bn | 26.55 Bn | 261.64 Mn | 30.76% |
| 6 | SoFi Technologies | 23.54 Bn | 20.13 Bn | 929.25 Mn | 15.15% |
| 7 | Ally Financial | 14.34 Bn | 13.89 Bn | 1.98 Bn | 13.84% |
| 8 | Credit Acceptance | 7.51 Bn | 7.49 Bn | 562.70 Mn | 21.04% |
| 9 | FinVolution | 6.22 Bn | 4.97 Bn | 311.24 Mn | 14.05% |
| 10 | Sezzle | 5.91 Bn | 5.79 Bn | - | 37.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jun 30, 2021 | 22.26% |