American Express (AXP) Tax Rate (2009 - 2026)
American Express (AXP) reported Tax Rate of 18.08% for Q3 2026, down 6.06 percentage points from 24.13% a year earlier and down 5.53 percentage points from the prior quarter.
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Analysis
American Express (AXP) Tax Rate (2009 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, American Express' Tax Rate came in at 20.78%, down 0.91 percentage points year-over-year; for FY2025, it was 21.47%, up 0.02 percentage points from FY2024.
- Tax Rate has a five-year change of -5.55 percentage points (FY2020 to FY2025).
- By year, Tax Rate came in at 21.45% in FY2024 (+1.10 pp), 20.35% in FY2023 (-1.26 pp), 21.61% in FY2022 (-2.99 pp) and 24.60% in FY2021 (-2.43 pp).
- The Q3 2026 figure ranks as the lowest quarterly Tax Rate since Q1 2023.
- Year over year, Tax Rate gained in two of the last eight quarters, with an average year-over-year change of -0.55 percentage points.
- The high point for year-over-year Tax Rate in five years was Q4 2023 (a gain of 7.07 percentage points); the low point was Q4 2022 (a drop of 9.47 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 23.61% (Q2 2026), 21.36% (Q1 2026) and 20.32% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 903.97 Bn | 903.97 Bn | - | - |
| 2 | Bank Of America | 356.92 Bn | -2,019.15 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 296.96 Bn | -1,806.64 Bn | - | - |
| 4 | Morgan Stanley | 285.10 Bn | 285.10 Bn | - | - |
| 5 | Royal Bank Of Canada | 284.66 Bn | -545.38 Bn | - | 22.26% |
| 6 | Goldman Sachs | 266.61 Bn | 266.61 Bn | - | - |
| 7 | Wells Fargo & Company | 250.94 Bn | 250.94 Bn | - | 16.36% |
| 8 | Mitsubishi Ufj Financial | 245.01 Bn | -96.38 Bn | 10.89 Bn | 24.29% |
| 9 | Toronto Dominion Bank | 214.22 Bn | -461.66 Bn | - | - |
| 10 | American Express | 214.16 Bn | 13.64 Bn | - | 18.08% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.08% |
| Jun 30, 2026 | 23.61% |
| Mar 31, 2026 | 21.36% |
| Dec 31, 2025 | 20.32% |
| Sep 30, 2025 | 24.13% |
| Jun 30, 2025 | 18.73% |
| Mar 31, 2025 | 22.40% |
| Dec 31, 2024 | 21.26% |
| Sep 30, 2024 | 21.75% |
| Jun 30, 2024 | 20.45% |
| Mar 31, 2024 | 22.51% |
| Dec 31, 2023 | 23.05% |
| Sep 30, 2023 | 20.94% |
| Jun 30, 2023 | 20.48% |
| Mar 31, 2023 | 16.20% |
| Dec 31, 2022 | 15.98% |
| Sep 30, 2022 | 23.59% |
| Jun 30, 2022 | 22.77% |
| Mar 31, 2022 | 22.60% |
| Dec 31, 2021 | 25.46% |
API Access
American Express Tax Rate 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=tax-rate&ticker=AXP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "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=tax-rate&ticker=AXP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();