American Express Company (AXP) Operating Margin: 20.70%
Is American Express Company’s operating margin high or low?
American Express Company's operating margin of 20.70% is 21% above its 5-year average of 17.11%, near the high end of its 5-year range (11.21%–24.06%).
As of Wednesday, June 17, 2026. 19.93% above its 12-month average of 17.26%.
AXP Operating Margin Chart
AXP Average Operating Margin Chart
AXP Current vs Average Operating Margin Chart
AXP Operating Margin Metrics
OPERATING MARGIN
20.70%
OPERATING MARGIN AVG TTM
17.26%
OPERATING MARGIN AVG 3Y
16.84%
OPERATING MARGIN AVG 5Y
17.11%
OPERATING MARGIN AVG 10Y
18.40%
OPERATING MARGIN AVG 15Y
19.45%
OPERATING MARGIN AVG 20Y
19.68%
CURRENT VS TTM AVG
+19.93%
CURRENT VS 3Y AVG
+22.92%
CURRENT VS 5Y AVG
+21.02%
CURRENT VS 10Y AVG
+12.50%
CURRENT VS 15Y AVG
+6.44%
CURRENT VS 20Y AVG
+5.16%
AXP Competitors' Operating Margin
| NAME | MARKET CAP | OPERATING MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| American Express Company (AXP) | $232.71B | 20.70% | 17.26% | 16.84% | 17.11% |
| Citigroup Inc. (C)vs › | $243.88B | 12.79% | 10.88% | 12.21% | 16.43% |
| Wells Fargo & Company (WFC)vs › | $260.28B | 20.47% | 19.52% | 19.13% | 19.19% |
| BlackRock, Inc. (BLK)vs › | $163.34B | 29.87% | 33.10% | 34.27% | 35.11% |
| The Charles Schwab Corporation (SCHW)vs › | $162.91B | 43.04% | 35.50% | 34.52% | 35.70% |
| The Goldman Sachs Group, Inc. (GS)vs › | $321.76B | 20.48% | 15.98% | 15.38% | 21.07% |
| S&P Global Inc. (SPGI)vs › | $128.24B | 43.88% | 40.76% | 39.48% | 42.90% |
| Chubb Limited (CB)vs › | $127.56B | 18.61% | 21.11% | 19.08% | 18.64% |
| The Progressive Corporation (PGR)vs › | $119.59B | 16.27% | 15.23% | 10.05% | 10.98% |
| Morgan Stanley (MS)vs › | $348.31B | 19.48% | 18.07% | 18.02% | 22.52% |
Operating Efficiency
Gross Margin
83.5%
Operating Margin
20.7%
American Express Company Operating Margin Formula & Definition
Operating Margin = Operating Income / Revenue
Operating margin is the percentage of revenue remaining after operating expenses, reflecting operating efficiency.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
American Express Company Operating Margin FAQ
- What is the operating margin for American Express Company (AXP)?
- The operating margin for AXP stock is 20.70%.
- Is American Express Company's operating margin high or low?
- American Express Company's operating margin of 20.70% is 21% above its 5-year average of 17.11%, near the high end of its 5-year range (11.21%–24.06%).
- What is the TTM average operating margin for American Express Company (AXP)?
- The TTM average operating margin for AXP stock is 17.26%.
- What is the 3Y average operating margin for American Express Company (AXP)?
- The 3Y average operating margin for AXP stock is 16.84%.
- What is the 5Y average operating margin for American Express Company (AXP)?
- The 5Y average operating margin for AXP stock is 17.11%.
- What is the 10Y average operating margin for American Express Company (AXP)?
- The 10Y average operating margin for AXP stock is 18.40%.
- What is the 15Y average operating margin for American Express Company (AXP)?
- The 15Y average operating margin for AXP stock is 19.45%.
- What is the 20Y average operating margin for American Express Company (AXP)?
- The 20Y average operating margin for AXP stock is 19.68%.
American Express Company Operating Margin History
| DATE | OPERATING MARGIN |
|---|---|
| 2025-12-31 | 17.14% |
| 2024-12-31 | 17.38% |
| 2023-12-31 | 15.61% |
| 2022-12-31 | 17.23% |
| 2021-12-31 | 24.06% |
| 2020-12-31 | 11.21% |
| 2019-12-31 | 17.90% |
| 2018-12-31 | 18.78% |
| 2017-12-31 | 19.04% |
| 2016-12-31 | 20.96% |
| 2015-12-31 | 23.09% |
| 2014-12-31 | 25.58% |
| 2013-12-31 | 22.65% |
| 2012-12-31 | 19.10% |
| 2011-12-31 | 21.55% |
| 2010-12-31 | 19.88% |
| 2009-12-31 | 10.79% |
| 2008-12-31 | 11.22% |
| 2007-12-31 | 18.05% |
| 2006-12-31 | 18.32% |
| 2005-12-31 | 18.00% |
| 2004-12-31 | 16.97% |
| 2003-12-31 | 16.42% |
| 2002-12-31 | 15.66% |
| 2001-12-31 | 7.07% |
| 2000-12-31 | 16.51% |
| 1999-12-31 | 16.16% |
| 1998-12-31 | 15.29% |
| 1997-12-31 | 15.48% |
| 1996-12-31 | 16.41% |
About American Express Company
Operating globally, American Express Company and its affiliated entities deliver a comprehensive suite of charge and credit payment card solutions, alongside a variety of travel-related offerings. Its business structure is organized into three primary divisions: the Global Consumer Services Group, Global Commercial Services, and Global Merchant and Network Services. Among its core offerings are diverse payment and financing instruments, robust network infrastructure services, tools for managing accounts payable expenses, and comprehensive travel and lifestyle support. Furthermore, it facilitates merchant services such as acquisition, transaction processing, settlement, and point-of-sale marketing, providing vital information and assistance to businesses. The company also specializes in fraud mitigation and developing and managing customer loyalty initiatives. These products and services are made available to a broad clientele, encompassing individual consumers, small and mid-sized enterprises, and large corporate entities. Distribution channels include digital platforms (mobile and online applications), collaborations with third-party vendors and partners, direct communication methods like mail and telephone, dedicated internal sales forces, and direct response advertising campaigns. Established in 1850, American Express Company maintains its corporate headquarters in New York, New York.
- Sector
- Financial Services
- Industry
- Financial - Credit Services
- CEO
- Stephen Joseph Squeri