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) Net margin
American Express Company's net margin over the twelve months to 30 June 2026 was 13.5%, up 0.2 percentage points from fiscal 2025 (13.3%). Over the past ten years it has ranged from 6.79% (fiscal 2017) to 18.1% (fiscal 2021); the current reading is higher than 45% of that period. That is above the Credit Services industry median of 9.25% and in line with the Financial sector median of 13.5%.
Net margin, annual
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Annual newest first
| Period | Net margin | Change (points) |
|---|---|---|
| FY2025 | 13.3% | (0.17) |
| FY2024 | 13.5% | 1.22 |
| FY2023 | 12.3% | (1.05) |
| FY2022 | 13.3% | (4.83) |
| FY2021 | 18.1% | 10.18 |
| FY2020 | 7.95% | (6.15) |
| FY2019 | 14.1% | (1.58) |
| FY2018 | 15.7% | 8.89 |
| FY2017 | 6.79% | (7.35) |
| FY2016 | 14.1% | (0.56) |
Quarterly newest first
| Period | Net margin | Change (points) |
|---|---|---|
| Jun 2026 | 14.2% | 0.17 |
| Mar 2026 | 14.1% | 2.53 |
| Dec 2025 | 11.5% | (2.41) |
| Sep 2025 | 14.0% | (0.36) |
| 42 more quarters | Free account |
Against its own ten years
Net margin against peers
| Company | Net margin |
|---|---|
| V Visa Inc. compare | 50.8% |
| MA Mastercard Incorporated compare | 46.3% |
| AFRM Affirm Holdings, Inc. compare | 45.3% |
| SYF Synchrony Financial compare | 14.8% |
| PYPL PayPal Holdings, Inc. compare | 14.4% |
| AXP American Express Company | 13.5% |
| COF Capital One Financial Corporation compare | 13.0% |
| SOFI SoFi Technologies, Inc. compare | 11.4% |
| ALLY Ally Financial Inc. compare | 8.38% |
| Credit Services industry median | 9.25% |
| Financial sector median | 13.5% |
| Market median | 0.45% |
What Net margin is
Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.
Net Income Allotted to Shareholders ÷ Revenue
More on AXP
- Revenue
- Net income
- EPS (diluted)
- Free cash flow
- Operating cash flow
- Gross margin
- Operating 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