American Express Company
American Express Company’s revenue for fiscal 2025 (year ended December 2025) was $80.5 billion, up 8.44% from fiscal 2024. In the quarter to June 2026, revenue grew 8.34%, EPS grew 11.3%, free cash flow grew 19.4% and total debt fell 2.04%, each against the same quarter a year earlier. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years, revenue growth for five.
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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
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Annual newest first
| 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 newest first
| 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 | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| MA Mastercard Incorporated compare | 100.0% |
| V Visa Inc. 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 | 46.2% |
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
More on AXP
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement