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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 - 2026)

American Express' Operating Margin history spans 8 years, with the latest figure at 18.77% for Q1 2026.

  • On a quarterly basis, Operating Margin rose 112.0% to 18.77% in Q1 2026 year-over-year; TTM through Mar 2026 was 18.0%, a 2.0% decrease, with the full-year FY2025 number at 17.72%, down 54.0% from a year prior.
  • Operating Margin hit 18.77% in Q1 2026 for American Express, up from 15.24% in the prior quarter.
  • Over the last five years, Operating Margin for AXP hit a ceiling of 21.91% in Q2 2024 and a floor of 10.83% in Q2 2022.
  • Historically, Operating Margin has averaged 16.36% across 5 years, with a median of 17.22% in 2023.
  • Biggest five-year swings in Operating Margin: skyrocketed 701bps in 2023 and later tumbled -305bps in 2024.
  • Tracing AXP's Operating Margin over 5 years: stood at 11.46% in 2022, then soared by 50bps to 17.22% in 2023, then dropped by -18bps to 14.17% in 2024, then increased by 8bps to 15.24% in 2025, then increased by 23bps to 18.77% in 2026.
  • Business Quant data shows Operating Margin for AXP at 18.77% in Q1 2026, 15.24% in Q4 2025, and 19.07% in Q3 2025.