American Express (AXP) Net Margin (2009 - 2026)
American Express (AXP) posted Net Margin of 15.84% for Q2 2026, up 0.79% sequentially from 15.71% in Q1 2026, and down 32.0% YoY from 23.29% in Q2 2025.
American Express (AXP) Net Margin (2009 - 2026) Analysis & Trends
American Express has reported Net Margin for 16 years, with the latest figure at 15.84% in Q2 2026.
- Quarterly Net Margin fell 32.0% year-over-year to 15.84% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 15.07% (up 29.0% YoY) and the FY2025 annual result came in at 15.0%, down 36.0% from the prior year.
- Net Margin advanced to 15.84% in Q2 2026 per AXP's latest filing, from 15.71% in the prior quarter.
- Over five years, Net Margin peaked at 18.46% in Q2 2024 and troughed at 11.09% in Q4 2022.
- A 5-year average of 14.78% and a median of 15.15% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2022 and 2024: Net Margin sank 760 bps in 2022, then soared 402 bps in 2024.
- Over 5 years, Net Margin stood at 11.09% in 2022, then gained by 10 bps to 12.23% in 2023, then gained by 3 bps to 12.63% in 2024, then rose by 3 bps to 12.97% in 2025, then advanced by 22 bps to 15.84% in 2026.
- According to Business Quant data, Net Margin over the past three periods registered 15.84%, 15.71%, and 12.97% for Q2 2026, Q1 2026, and Q4 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 618.21 Bn | 605.85 Bn | - | 48.38% |
| 2 | Mastercard | 506.53 Bn | 493.04 Bn | - | 47.30% |
| 3 | American Express | 232.32 Bn | 183.00 Bn | 17.99 Bn | 15.84% |
| 4 | Capital One Financial | 136.19 Bn | 81.48 Bn | - | 23.28% |
| 5 | PayPal Holdings | 52.34 Bn | 41.08 Bn | - | 12.72% |
| 6 | Eason Technology | 35.89 Bn | 35.89 Bn | - | - |
| 7 | Synchrony Financial | 26.09 Bn | 9.90 Bn | - | 17.93% |
| 8 | Affirm Holdings | 25.93 Bn | 24.20 Bn | - | 9.91% |
| 9 | SoFi Technologies | 23.04 Bn | 22.68 Bn | -41.62 Mn | 128.75% |
| 10 | Ally Financial | 13.61 Bn | 5.77 Bn | 2.08 Bn | 16.05% |
Historic Data
Download 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% |