Operating Income for American Express (AXP)
According to American Express's latest reported financial statements, the company's current operating income (TTM) is $17.06B USD. Operating income is profit from core operations: revenue minus cost of goods sold and operating expenses (SG&A, R&D). It excludes interest, taxes, and non-operating items, so it isolates how profitable the business itself is before financing and tax decisions. Compare with EBITDA and net income.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingOperating IncomeSwitch metric
TTM (last 4 quarters)
$17.06B
YoY change
+7.0%
5Y CAGR
+26.3%
Peak year (2025)
$13.79B
Cumulative operating income
$202.32B
Operating Income history chart for American Express (AXP) from 1985 to 2025
Operating Income history table for American Express (AXP) from 1985 to 2025
| Fiscal year | Period ended | Reported | Operating Income | YoY |
|---|---|---|---|---|
| 2025 | $13.79B | +7.0% | ||
| 2024 | $12.89B | +22.7% | ||
| 2023 | $10.51B | +9.7% | ||
| 2022 | $9.59B | -10.3% | ||
| 2021 | $10.69B | +148.8% | ||
| 2020 | $4.30B | -49.0% | ||
| 2019 | $8.43B | +3.8% | ||
| 2018 | $8.12B | +9.4% | ||
| 2017 | $7.42B | -7.7% | ||
| 2016 | $8.04B | +1.3% | ||
| 2015 | $7.94B | -11.7% | ||
| 2014 | $8.99B | +14.0% | ||
| 2013 | $7.89B | +22.3% | ||
| 2012 | $6.45B | -7.3% | ||
| 2011 | $6.96B | +16.6% | ||
| 2010 | $5.96B | +109.9% | ||
| 2009 | $2.84B | -20.7% | ||
| 2008 | $3.58B | -37.1% | ||
| 2007 | $5.69B | +12.2% | ||
| 2006 | $5.07B | +15.5% | ||
| 2005 | $4.39B | +14.7% | ||
| 2004 | $3.83B | -9.8% | ||
| 2003 | $4.25B | +14.0% | ||
| 2002 | $3.73B | +133.5% | ||
| 2001 | $1.60B | -59.2% | ||
| 2000 | $3.91B | +13.7% | ||
| 1999 | $3.44B | +17.5% | ||
| 1998 | $2.92B | +6.4% | ||
| 1997 | $2.75B | +3.2% | ||
| 1996 | $2.66B | +22.0% | ||
| 1995 | $2.18B | +15.4% | ||
| 1994 | $1.89B | -18.7% | ||
| 1993 | $2.33B | +200.1% | ||
| 1992 | $775.00M | +2.1% | ||
| 1991 | $759.00M | +4.7% | ||
| 1990 | $725.00M | -52.5% | ||
| 1989 | $1.53B | +47.1% | ||
| 1988 | $1.04B | +94.7% | ||
| 1987 | $533.00M | -52.0% | ||
| 1986 | $1.11B | +37.0% | ||
| 1985 | $810.00M | — |
Operating Income 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
American Express (AXP) most recent annual operating income stands at $13.79B (2025) – grew 7.0% year-over-year.
Through 2020–2025 (5 years), American Express operating income delivered a +26.3% annualised rate; sustaining 3 straight years of year-over-year growth.
$13.79B stands as the all-time-high annual operating income, posted in 2025, against a low of $533.00M during 1987.
Among 8 Financial Services peers, American Express (AXP) ranks 9th; the peer median for operating income is $24.60B.
American Express Operating Income by Year
American Express Operating Income 2025: $13.79B
American Express operating income in 2025 was $13.79B, grew 7.0% from 2024. This figure represents the highest annual value in the available history.
American Express Operating Income 2024: $12.89B
American Express operating income in 2024 was $12.89B, grew 22.7% from 2023.
American Express Operating Income 2023: $10.51B
American Express operating income in 2023 was $10.51B, grew 9.7% from 2022.
American Express Operating Income 2022: $9.59B
American Express operating income in 2022 was $9.59B, declined 10.3% below 2021.
American Express Operating Income 2021: $10.69B
American Express operating income in 2021 was $10.69B.
See more financial history for American Express (AXP).
Sector peers — Operating Income
Companies in the same sector as American Express, ranked by their latest operating income.
| Company | Operating Income | Sector |
|---|---|---|
| JPMorgan Chase & Co. (JPM) | $72.59B | Financial Services |
| Berkshire Hathaway Inc. (BRK-B) | $59.54B | Financial Services |
| Bank of America Corporation (BAC) | $37.70B | Financial Services |
| Wells Fargo & Company (WFC) | $25.20B | Financial Services |
| Visa Inc. (V) | $23.99B | Financial Services |
| Morgan Stanley (MS) | $21.95B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $21.85B | Financial Services |
| Mastercard Incorporated (MA) | $19.40B | Financial Services |
Frequently asked questions
What is American Express's operating income?
- Latest reported operating income for American Express (AXP) is $17.06B (period ending March 31, 2026).
How has American Express operating income changed year-over-year?
- American Express (AXP) operating income changed +7.0% year-over-year on the latest annual filing.
What is the long-term growth rate of American Express operating income?
- American Express (AXP) operating income compound annual growth rate is +26.3% over the most recent 5 years available.
When did American Express operating income hit its highest annual value?
- American Express operating income reached its highest annual value of $13.79B in 2025.
What was American Express operating income in 2024?
- American Express (AXP) operating income in 2024 was $12.89B.
What was American Express operating income in 2025?
- American Express (AXP) operating income in 2025 was $13.79B.
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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