American Express (AXP) Tax Rate (2009 - 2026)

American Express has disclosed Tax Rate across 18 years of filings, most recently posting 21.36% for Q1 2026.

• Tax Rate for Q1 2026 came in at 21.36%, down 104.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 21.22% (down 21.0% YoY), and the FY2025 annual result was 21.47%, up 2.0% from the prior year.
• Tax Rate came in at 21.36% for Q1 2026 at American Express, up from 20.32% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 24.13% in Q3 2025 to a low of 15.98% in Q4 2022.
• The 5-year median for Tax Rate is 21.36% (2026), against an average of 21.09%.
• Across the five-year window, Tax Rate slumped 947 bps in 2022 and surged 707 bps in 2023, its largest moves.
• American Express' Tax Rate stood at 15.98% in 2022, then surged by 44 bps to 23.05% in 2023, then retreated by 8 bps to 21.26% in 2024, then retreated by 4 bps to 20.32% in 2025, then rose by 5 bps to 21.36% in 2026.
• The last three Tax Rate figures came in at 21.36% (Q1 2026), 20.32% (Q4 2025), and 24.13% (Q3 2025), per Business Quant data.