American Express (AXP) Stock: Revenue, Earnings, Margins & Valuation

American Express (AXP), USA at a glance: revenue structure, segments, costs, margins and earnings from the latest published annual report (FY 2025), visualised as a Sankey diagram and complemented by price chart, P/E valuation and the original SEC filings. All figures in USD. Free and without signup.

American Express key figures (FY 2025)

Revenue72.23 USD bn
Gross profit0 USD m
Gross margin0.0 %
Operating income13.79 USD bn
Operating margin19.1 %
Net income10.83 USD bn
Net margin15.0 %

American Express revenue by segment (FY 2025)

SegmentRevenueShare
U.S. Consumer Services (USCS)34.81 USD bn48.0 %
Commercial Services (CS)16.93 USD bn23.3 %
International Card Services (ICS)13.00 USD bn17.9 %
Global Merchant and Network Services (GMNS)7.76 USD bn10.7 %

American Express earnings analysis

In the latest reported fiscal year (FY 2025), American Express generated revenue of 72.23 USD bn. The largest segment is U.S. Consumer Services (USCS) with 34.81 USD bn, about 48.0 % of total segment revenue. From gross margin (0.0 %) through operating margin (19.1 %) to net margin (15.0 %), the Sankey diagram shows how much of each revenue dollar remains at each stage of the income statement.

American Express business model

The income statement of American Express is visualised as a Sankey diagram: from revenue through cost of revenue and operating expenses to net income. The page also shows the price chart, the price-earnings ratio of the last five fiscal years, return on equity and the company's annual and quarterly filings.

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American Express in detail