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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

American Express (AXP) Net Margin (2016 - 2025)

American Express' Net Margin history spans 15 years, with the latest figure at 16.28% for Q4 2025.

  • For Q4 2025, Net Margin rose 24.0% year-over-year to 16.28%; the TTM value through Dec 2025 reached 15.87%, down 38.0%, while the annual FY2025 figure was 19.1%, 45.0% down from the prior year.
  • Net Margin for Q4 2025 was 16.28% at American Express, up from 15.75% in the prior quarter.
  • Across five years, Net Margin topped out at 24.66% in Q1 2021 and bottomed at 11.09% in Q4 2022.
  • The 5-year median for Net Margin is 15.59% (2024), against an average of 15.95%.
  • The largest annual shift saw Net Margin soared 2110bps in 2021 before it tumbled -760bps in 2022.
  • A 5-year view of Net Margin shows it stood at 14.15% in 2021, then fell by -22bps to 11.09% in 2022, then rose by 10bps to 12.23% in 2023, then skyrocketed by 31bps to 16.04% in 2024, then increased by 1bps to 16.28% in 2025.
  • Per Business Quant, the three most recent readings for AXP's Net Margin are 16.28% (Q4 2025), 15.75% (Q3 2025), and 16.16% (Q2 2025).