Gross Profit for American Express (AXP)
According to American Express's latest reported financial statements, the company's current gross profit (TTM) is $68.81B USD. Gross profit equals revenue minus the cost of goods sold (COGS) — what remains from sales after the direct cost of producing the product or service. It does not yet subtract operating expenses, interest, or taxes (see operating income and net income for those steps). Higher gross profit (and gross margin) generally signals pricing power and production efficiency.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingGross ProfitSwitch metric
TTM (last 4 quarters)
$68.81B
YoY change
+10.2%
5Y CAGR
+16.3%
Peak year (2025)
$66.97B
Cumulative gross profit
$1.03T
Gross Profit history chart for American Express (AXP) from 1985 to 2025
Gross Profit history table for American Express (AXP) from 1985 to 2025
| Fiscal year | Period ended | Reported | Gross Profit | YoY |
|---|---|---|---|---|
| 2025 | $66.97B | +10.2% | ||
| 2024 | $60.76B | +9.3% | ||
| 2023 | $55.59B | +9.7% | ||
| 2022 | $50.68B | +13.7% | ||
| 2021 | $44.57B | +41.4% | ||
| 2020 | $31.51B | -21.3% | ||
| 2019 | $40.06B | +8.4% | ||
| 2018 | $36.96B | +8.3% | ||
| 2017 | $34.12B | +2.7% | ||
| 2016 | $33.23B | +8.0% | ||
| 2015 | $30.77B | -2.0% | ||
| 2014 | $31.40B | +1.2% | ||
| 2013 | $31.03B | +4.0% | ||
| 2012 | $29.84B | +3.4% | ||
| 2011 | $28.85B | +13.7% | ||
| 2010 | $25.38B | +34.9% | ||
| 2009 | $18.81B | -16.6% | ||
| 2008 | $22.57B | -4.6% | ||
| 2007 | $23.66B | +6.2% | ||
| 2006 | $22.27B | +11.1% | ||
| 2005 | $20.04B | +5.4% | ||
| 2004 | $19.00B | -23.9% | ||
| 2003 | $24.96B | +9.8% | ||
| 2002 | $22.73B | +7.8% | ||
| 2001 | $21.08B | -5.6% | ||
| 2000 | $22.32B | +10.4% | ||
| 1999 | $20.23B | +11.5% | ||
| 1998 | $18.13B | +7.7% | ||
| 1997 | $16.84B | +11.3% | ||
| 1996 | $15.12B | +3.6% | ||
| 1995 | $14.60B | +10.0% | ||
| 1994 | $13.27B | +7.1% | ||
| 1993 | $12.39B | -35.8% | ||
| 1992 | $19.31B | +10.3% | ||
| 1991 | $17.51B | +10.5% | ||
| 1990 | $15.84B | +4.4% | ||
| 1989 | $15.17B | — | ||
| 1988 | $0 | — | ||
| 1987 | $0 | — | ||
| 1986 | $0 | — | ||
| 1985 | $0 | — |
Gross Profit values are taken from American Express's reported income statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of American Express (AXP) gross profit is $66.97B – grew 10.2% year-over-year.
Over 2020–2025 (5 years), American Express gross profit expanded at a +16.3% compound annual rate, sustaining 5 straight years of year-over-year growth.
Across the available history, gross profit reached its high of $66.97B in 2025 and its low of $0 in 1985.
Within Financial Services, American Express (AXP) ranks 5th among 8 peers we track. The peer median for gross profit is $72.83B.
American Express Gross Profit by Year
American Express Gross Profit 2025: $66.97B
American Express gross profit in 2025 was $66.97B, grew 10.2% from 2024. This figure represents the highest annual value in the available history.
American Express Gross Profit 2024: $60.76B
American Express gross profit in 2024 was $60.76B, grew 9.3% from 2023.
American Express Gross Profit 2023: $55.59B
American Express gross profit in 2023 was $55.59B, grew 9.7% from 2022.
American Express Gross Profit 2022: $50.68B
American Express gross profit in 2022 was $50.68B, grew 13.7% from 2021.
American Express Gross Profit 2021: $44.57B
American Express gross profit in 2021 was $44.57B.
See more financial history for American Express (AXP).
Sector peers — Gross Profit
Companies in the same sector as American Express, ranked by their latest gross profit.
| Company | Gross Profit | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $167.61B | Financial Services |
| Bank of America Corporation (BAC) | $107.42B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $87.78B | Financial Services |
| Wells Fargo & Company (WFC) | $80.04B | Financial Services |
| Morgan Stanley (MS) | $65.62B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $59.40B | Financial Services |
| Visa Inc. (V) | $32.15B | Financial Services |
| Mastercard Incorporated (MA) | $27.36B | Financial Services |
Frequently asked questions
What is American Express's gross profit?
- Latest reported gross profit for American Express (AXP) is $68.81B (period ending March 31, 2026).
How has American Express gross profit changed year-over-year?
- American Express (AXP) gross profit changed +10.2% year-over-year on the latest annual filing.
What is the long-term growth rate of American Express gross profit?
- American Express (AXP) gross profit compound annual growth rate is +16.3% over the most recent 5 years available.
When did American Express gross profit hit its highest annual value?
- American Express gross profit reached its highest annual value of $66.97B in 2025.
What was American Express gross profit in 2024?
- American Express (AXP) gross profit in 2024 was $60.76B.
What was American Express gross profit in 2025?
- American Express (AXP) gross profit in 2025 was $66.97B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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