American Express (AXP) Return on Invested Capital [ROIC] (2011 - 2026)
American Express' Return on Invested Capital [ROIC] was 19.59% in Q3 2026, up 1.11 percentage points from 18.48% a year earlier and up 0.69 percentage points from the prior quarter.
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Analysis
American Express (AXP) Return on Invested Capital [ROIC] (2011 - 2026) Analysis & Trends
For FY2025, Return on Invested Capital [ROIC] at American Express came in at 20.05%, down 0.90 percentage points from FY2024.
- Return on Invested Capital [ROIC] shows a five-year change of +14.03 percentage points (FY2020 to FY2025).
- In earlier years, Return on Invested Capital [ROIC] was 20.95% in FY2024 (+1.99 pp), 18.96% in FY2023 (+4.27 pp), 14.70% in FY2022 (+0.91 pp) and 13.79% in FY2021 (+7.78 pp).
- The Q3 2026 figure marks the highest quarterly Return on Invested Capital [ROIC] since Q1 2025.
- Compared with a year earlier, Return on Invested Capital [ROIC] was higher in three of the last eight quarters, with an average year-over-year change of +0.04 percentage points.
- The best year-over-year quarter for Return on Invested Capital [ROIC] over five years was Q4 2021 (a gain of 7.68 percentage points); the worst was Q1 2026 (a drop of 1.15 percentage points).
- Per Business Quant data, AXP's Return on Invested Capital [ROIC] in the three quarters before Q3 2026 was 18.90% (Q2 2026), 19.08% (Q1 2026) and 18.92% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 896.53 Bn | 896.53 Bn | - | 15.72% |
| 2 | Bank Of America | 354.20 Bn | -2,021.91 Bn | - | 12.95% |
| 3 | Hsbc Holdings | 303.54 Bn | -1,800.05 Bn | - | - |
| 4 | Royal Bank Of Canada | 283.29 Bn | -546.75 Bn | - | 49.26% |
| 5 | Morgan Stanley | 281.19 Bn | -262.84 Bn | - | 11.83% |
| 6 | Goldman Sachs | 256.26 Bn | -3,487.19 Bn | - | 13.88% |
| 7 | Wells Fargo & Company | 253.33 Bn | 253.33 Bn | - | 15.09% |
| 8 | Mitsubishi Ufj Financial | 238.77 Bn | -102.62 Bn | 10.89 Bn | 3.69% |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 19.59% |
| 10 | Toronto Dominion Bank | 211.21 Bn | -464.66 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 19.59% |
| Jun 30, 2026 | 18.90% |
| Mar 31, 2026 | 19.08% |
| Dec 31, 2025 | 18.92% |
| Sep 30, 2025 | 18.48% |
| Jun 30, 2025 | 18.91% |
| Mar 31, 2025 | 20.23% |
| Dec 31, 2024 | 20.01% |
| Sep 30, 2024 | 19.44% |
| Jun 30, 2024 | 19.70% |
| Mar 31, 2024 | 18.91% |
| Dec 31, 2023 | 18.13% |
| Sep 30, 2023 | 17.25% |
| Jun 30, 2023 | 16.07% |
| Mar 31, 2023 | 15.03% |
| Dec 31, 2022 | 14.19% |
| Sep 30, 2022 | 13.59% |
| Jun 30, 2022 | 13.44% |
| Mar 31, 2022 | 14.09% |
| Dec 31, 2021 | 14.53% |
API Access
American Express Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();