American Express Company AXP

308.89 3.23 1.06% as of 25 Sep
Market cap
$207.3B
P/E
18.7×
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Growth Flags show if company had growth for consecutive years

American Express Company (AXP) Gross margin

American Express Company's gross margin over the twelve months to 30 June 2026 was 90.3%, up 0.6 percentage points from fiscal 2025 (89.8%). Over the past ten years it has ranged from 88.9% (fiscal 2024) to 97.1% (fiscal 2021); the current reading is higher than 18% of that period. That is above the Credit Services industry median of 77.1% and above the Financial sector median of 69.9%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 89.8% 0.89
FY2024 88.9% (0.95)
FY2023 89.8% (5.20)
FY2022 95.0% (2.03)
FY2021 97.1% 2.55
FY2020 94.5% 1.88
FY2019 92.6% (0.57)
FY2018 93.2% (1.38)
FY2017 94.6% (0.83)
FY2016 95.4% 0.12

Quarterly

Period Gross margin Change (points)
Jun 2026 90.9% 0.38
Mar 2026 90.6% 0.34
Dec 2025 90.2% 0.58
Sep 2025 89.6% 0.05
42 more quarters

Against its own ten years

Low 88.9% High 97.1%
Ten-year median 94.5%
Current reading's percentile 18

Gross margin against peers

Company Gross margin
V Visa Inc. compare 100.0%
MA Mastercard Incorporated compare 100.0%
AXP American Express Company 90.3%
SYF Synchrony Financial compare 83.1%
COF Capital One Financial Corporation compare 78.8%
SOFI SoFi Technologies, Inc. compare 77.1%
ALLY Ally Financial Inc. compare 61.1%
AFRM Affirm Holdings, Inc. compare 57.4%
PYPL PayPal Holdings, Inc. compare 40.5%
Credit Services industry median 77.1%
Financial sector median 69.9%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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