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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) Operating Margin (2021 - 2025)

American Express (AXP) has disclosed Operating Margin for 7 consecutive years, with 15.24% as the latest value for Q4 2025.

  • Quarterly Operating Margin rose 107.0% to 15.24% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 17.72% through Dec 2025, down 54.0% year-over-year, with the annual reading at 17.72% for FY2025, 54.0% down from the prior year.
  • Operating Margin hit 15.24% in Q4 2025 for American Express, down from 19.07% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 21.91% in Q2 2024 to a low of 6.37% in Q4 2021.
  • Historically, Operating Margin has averaged 14.91% across 5 years, with a median of 15.09% in 2021.
  • Biggest five-year swings in Operating Margin: skyrocketed 701bps in 2023 and later tumbled -305bps in 2024.
  • Year by year, Operating Margin stood at 6.37% in 2021, then skyrocketed by 80bps to 11.46% in 2022, then skyrocketed by 50bps to 17.22% in 2023, then decreased by -18bps to 14.17% in 2024, then rose by 8bps to 15.24% in 2025.
  • Business Quant data shows Operating Margin for AXP at 15.24% in Q4 2025, 19.07% in Q3 2025, and 19.04% in Q2 2025.