AXP American Express margins

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  3. NYSE: AXP
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Relative Growth: Rel. Growth: 91
Relative Strength: Rel. Strength: 45
Relative Valuation: Rel. Valuation: 64
Relative Profitability: Rel. Profitability: 91
Gross margin
100%
Operating margin
21.2%
EBITDA margin
23.9%
Net margin
16.8%

Recent American Express shows a gross margin of 100%, an operating margin of 21.2%, an EBITDA margin of 23.9%, and a net margin of 16.8%. Net margin increased by 0.7 percentage points, while other available margins were stable.

AXP margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, American Express's margins averaged 100% gross, 20.71% operating, 23.49% EBITDA, and 16.28% net. Currently, operating, EBITDA, and net margins are above their three-year averages.

AXP margin expansion

Year-over-year margin changes in percentage points

Operating margin expanded by 0.6 percentage points, EBITDA margin by 0.6 percentage points, and net margin by 0.7 percentage points, while gross margin was unchanged.

Gross margin expansion
0pp
Operating margin expansion
0.6pp
EBITDA margin expansion
0.6pp
Net margin expansion
0.7pp

AXP Gross margin

Across the last 3 years, American Express's gross margin averaged 100%. The current gross margin stands at 100%, in line with its three-year average. Gross margin was highest at 100% in Sep 2026 and lowest at 100% in Dec 2023.

AXP Operating margin

The average operating margin for American Express was 20.71% over the last 3 years. The current operating margin of 21.2% is 0.5 percentage points above its three-year average. The operating margin for American Express moved between 18.9% in Dec 2023 and 21.6% in Jun 2024.

AXP EBITDA margin

Across the last 3 years, American Express recorded an average EBITDA margin of 23.49%. American Express's current EBITDA margin is 23.9% and is 0.4 percentage points above its three-year average. The highest EBITDA margin for American Express was 24.5% in Jun 2024, while the lowest was 21.9% in Dec 2023.

AXP Net margin

Across the last 3 years, American Express's net margin averaged 16.28%. The current net margin stands at 16.8%, 0.5 percentage points above its three-year average. Net margin was highest at 16.9% in Jun 2024 and lowest at 15.1% in Dec 2023.

AXP margin group comparison

Margins compared with peer-group, industry and sector averages

American Express's gross margin of 100% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 83.4%, American Express's gross margin is 20% higher.

AXP margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is American Express's gross margin?

As of Sep 30, 2026, AXP has a gross margin of 100%.

What is American Express's operating margin?

For the period ending Sep 30, 2026, AXP recorded an operating margin of 21.2%.

What is American Express's EBITDA margin?

As of Sep 30, 2026, AXP has an EBITDA margin of 23.9%.

What is American Express's net margin?

For the period ending Sep 30, 2026, AXP recorded a net margin of 16.8%.

What are the average margins of AXP?

The three-year average margins for AXP were 100.0% gross, 20.7% operating, 23.5% EBITDA, and 16.3% net.

What are the highest historical margins of AXP?

Within the 5-year period, AXP recorded its highest margins at 100% gross in Sep 2026, 24.4% operating in Dec 2021, 28.3% EBITDA in Dec 2021, and 18.4% net in Dec 2021.

What are the lowest historical margins of AXP?

In the last 5 years, the lowest margins reported by AXP were 100% gross in Dec 2021, 17.3% operating in Mar 2023, 20.5% EBITDA in Mar 2023, and 13.9% net in Mar 2023.