American Express (AXP) Tax Rate (2009 - 2026)
American Express' (AXP) quarterly Tax Rate came in at 23.61% in Q2 2026, up 487.0% year-over-year from 4.02% in Q2 2025, and up 10.51% quarter-over-quarter from 21.36% in Q1 2026.
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Analysis
American Express (AXP) Tax Rate (2009 - 2026) Analysis & Trends
American Express has disclosed Tax Rate across 18 years of filings, most recently posting 23.61% for Q2 2026.
- In Q2 2026, Tax Rate rose 487.0% year-over-year to 23.61%; the TTM figure through Jun 2026 stood at 22.48% (up 150.0% YoY), while the FY2025 annual figure was 21.47%, up 2.0% from the prior year.
- Tax Rate came in at 23.61% for Q2 2026 at American Express, up from 21.36% 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.
- Average Tax Rate over 5 years is 21.23%, with a median of 21.56% recorded in 2024.
- Year-over-year, Tax Rate sank 947 bps in 2022 and soared 707 bps in 2023.
- Over 5 years, 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 climbed by 16 bps to 23.61% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 23.61% in Q2 2026, 21.36% in Q1 2026, and 20.32% in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of America | 405.01 Bn | -183.49 Bn | 30.39 Bn | 21.54% |
| 2 | Morgan Stanley | 318.33 Bn | 158.20 Bn | - | 23.07% |
| 3 | Royal Bank Of Canada | 284.62 Bn | 57.78 Bn | - | 22.26% |
| 4 | Goldman Sachs | 274.43 Bn | -701.92 Bn | - | 22.60% |
| 5 | Mitsubishi Ufj Financial | 274.26 Bn | -110.06 Bn | 10.89 Bn | 24.29% |
| 6 | Wells Fargo & Company | 260.84 Bn | 59.01 Bn | - | 17.42% |
| 7 | American Express | 210.32 Bn | 161.00 Bn | 17.99 Bn | 23.61% |
| 8 | Banco Santander | 210.20 Bn | 217.82 Bn | 28.01 Bn | - |
| 9 | Toronto Dominion Bank | 206.68 Bn | 45.35 Bn | - | -38.63% |
| 10 | Schwab Charles | 181.98 Bn | 108.39 Bn | - | 23.68% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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% |
| Sep 30, 2021 | 25.47% |