American Express (AXP) Return on Equity [ROE] (2009 - 2025)
American Express (AXP) reported Return on Equity [ROE] of 34.98% for Q3 2026, up 2.41 percentage points from 32.57% a year earlier and up 1.45 percentage points from the prior quarter.
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Analysis
American Express (AXP) Return on Equity [ROE] (2009 - 2025) Analysis & Trends
For FY2025, American Express posted Return on Equity [ROE] of 33.99%, down 0.74 percentage points from FY2024.
- Return on Equity [ROE] has a five-year change of +20.38 percentage points (FY2020 to FY2025).
- By year, Return on Equity [ROE] came in at 34.74% in FY2024 (+3.00 pp), 31.74% in FY2023 (-0.31 pp), 32.05% in FY2022 (-3.64 pp) and 35.69% in FY2021 (+22.08 pp).
- The Q3 2026 figure ranks as the highest quarterly Return on Equity [ROE] since Q1 2022.
- Year over year, Return on Equity [ROE] gained in four of the last eight quarters, with an average year-over-year change of +0.70 percentage points.
- The high point for year-over-year Return on Equity [ROE] in five years was Q4 2021 (a gain of 20.61 percentage points); the low point was Q1 2023 (a drop of 7.04 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 33.53% (Q2 2026), 33.26% (Q1 2026) and 32.88% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROE (Yr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 16.13% |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 10.22% |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | 12.07% |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 15.25% |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 15.61% |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 13.91% |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | 11.73% |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | 9.66% |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 33.99% |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | 16.84% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 33.99% |
| Dec 31, 2024 | 34.74% |
| Dec 31, 2023 | 31.74% |
| Dec 31, 2022 | 32.05% |
| Dec 31, 2021 | 35.69% |
| Dec 31, 2020 | 13.61% |
| Dec 31, 2019 | 29.80% |
| Dec 31, 2018 | 34.13% |
| Dec 31, 2017 | 14.17% |
| Dec 31, 2016 | 26.09% |
| Dec 31, 2015 | 24.97% |
| Dec 31, 2014 | 29.30% |
| Dec 31, 2013 | 27.92% |
| Dec 31, 2012 | 23.79% |
| Dec 31, 2011 | 26.26% |
| Dec 31, 2010 | 25.82% |
| Dec 31, 2009 | 17.40% |
API Access
American Express Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D-annual&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]-annual", "ticker": "AXP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D-annual&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();