American Express (AXP) Return on Equity [ROE] (2011 - 2026)
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] (2011 - 2026) 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 (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 17.67% |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 10.78% |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | 14.29% |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 15.91% |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 17.55% |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 17.90% |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | 12.93% |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | 11.72% |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 34.98% |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | 12.87% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 34.98% |
| Jun 30, 2026 | 33.53% |
| Mar 31, 2026 | 33.26% |
| Dec 31, 2025 | 32.88% |
| Sep 30, 2025 | 32.57% |
| Jun 30, 2025 | 31.95% |
| Mar 31, 2025 | 33.44% |
| Dec 31, 2024 | 33.78% |
| Sep 30, 2024 | 33.39% |
| Jun 30, 2024 | 33.74% |
| Mar 31, 2024 | 31.66% |
| Dec 31, 2023 | 30.24% |
| Sep 30, 2023 | 29.66% |
| Jun 30, 2023 | 28.24% |
| Mar 31, 2023 | 28.52% |
| Dec 31, 2022 | 30.89% |
| Sep 30, 2022 | 32.48% |
| Jun 30, 2022 | 33.36% |
| Mar 31, 2022 | 35.57% |
| Dec 31, 2021 | 34.59% |
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&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "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&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();