TTM
$22.9B
YoY change
+7.0%
5Y CAGR
+26.3%
Peak year (FY2025)
$13.8B
Cumulative operating income
$218B
Operating Income history chart for American Express (AXP) from 2016 to 2025
Latest: $13.8B
Operating Income growth chart for American Express (AXP) from 2016 to 2025
Latest: +7.0%
Operating Income history table for American Express (AXP) from 1985 to 2025
| FY2025 | $13.8B | +7.0% | +$900M | ||
| FY2024 | $12.9B | +22.7% | +$2.38B | ||
| FY2023 | $10.5B | +9.7% | +$928M | ||
| FY2022 | $9.59B | -10.3% | -$1.1B | ||
| FY2021 | $10.7B | +148.8% | +$6.39B | ||
| FY2020 | $4.3B | -49.0% | -$4.13B | ||
| FY2019 | $8.43B | +3.8% | +$307M | ||
| FY2018 | $8.12B | +9.4% | +$697M | ||
| FY2017 | $7.43B | -7.7% | -$617M | ||
| FY2016 | $8.04B | +1.3% | +$104M | ||
| FY2015 | $7.94B | -11.7% | -$1.05B | ||
| FY2014 | $8.99B | +14.0% | +$1.1B | ||
| FY2013 | $7.89B | +22.3% | +$1.44B | ||
| FY2012 | $6.45B | -7.3% | -$505M | ||
| FY2011 | $6.96B | +16.6% | +$992M | ||
| FY2010 | $5.96B | +109.9% | +$3.12B | ||
| FY2009 | $2.84B | -20.7% | -$740M | ||
| FY2008 | $3.58B | -37.1% | -$2.11B | ||
| FY2007 | $5.69B | +12.2% | +$621M | ||
| FY2006 | $5.07B | +15.5% | +$680M | ||
| FY2005 | $4.39B | +14.7% | +$562M | ||
| FY2004 | $3.83B | -9.8% | -$416M | ||
| FY2003 | $4.25B | +14.0% | +$520M | ||
| FY2002 | $3.73B | +133.5% | +$2.13B | ||
| FY2001 | $1.6B | -59.2% | -$2.31B | ||
| FY2000 | $3.91B | +13.7% | +$470M | ||
| FY1999 | $3.44B | +17.5% | +$513M | ||
| FY1998 | $2.93B | +6.4% | +$175M | ||
| FY1997 | $2.75B | +3.2% | +$86M | ||
| FY1996 | $2.66B | +22.0% | +$481M | ||
| FY1995 | $2.18B | +15.4% | +$292M | ||
| FY1994 | $1.89B | -18.7% | -$435M | ||
| FY1993 | $2.33B | +200.1% | +$1.55B | ||
| FY1992 | $775M | +2.1% | +$16M | ||
| FY1991 | $759M | +4.7% | +$34M | ||
| FY1990 | $725M | -52.5% | -$802M | ||
| FY1989 | $1.53B | +47.1% | +$489M | ||
| FY1988 | $1.04B | +94.7% | +$505M | ||
| FY1987 | $533M | -52.0% | -$577M | ||
| FY1986 | $1.11B | +37.0% | +$300M | ||
| FY1985 | $810M | — | — |
- FY2025$13.8B+7.0%
- FY2024$12.9B+22.7%
- FY2023$10.5B+9.7%
- FY2022$9.59B-10.3%
- FY2021$10.7B+148.8%
- FY2020$4.3B-49.0%
- FY2019$8.43B+3.8%
- FY2018$8.12B+9.4%
- FY2017$7.43B-7.7%
- FY2016$8.04B+1.3%
- FY2015$7.94B-11.7%
- FY2014$8.99B+14.0%
- FY2013$7.89B+22.3%
- FY2012$6.45B-7.3%
- FY2011$6.96B+16.6%
- FY2010$5.96B+109.9%
- FY2009$2.84B-20.7%
- FY2008$3.58B-37.1%
- FY2007$5.69B+12.2%
- FY2006$5.07B+15.5%
- FY2005$4.39B+14.7%
- FY2004$3.83B-9.8%
- FY2003$4.25B+14.0%
- FY2002$3.73B+133.5%
- FY2001$1.6B-59.2%
- FY2000$3.91B+13.7%
- FY1999$3.44B+17.5%
- FY1998$2.93B+6.4%
- FY1997$2.75B+3.2%
- FY1996$2.66B+22.0%
- FY1995$2.18B+15.4%
- FY1994$1.89B-18.7%
- FY1993$2.33B+200.1%
- FY1992$775M+2.1%
- FY1991$759M+4.7%
- FY1990$725M-52.5%
- FY1989$1.53B+47.1%
- FY1988$1.04B+94.7%
- FY1987$533M-52.0%
- FY1986$1.11B+37.0%
- FY1985$810M—
Operating Income values are taken from American Express's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Income at American Express (AXP)
According to American Express's latest reported financial statements, the company's current operating income (TTM) is $22.9B. 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 .
American Express (AXP) most recent annual operating income stands at $13.8B (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.
$13.8B stands as the all-time-high annual operating income, posted in 2025, against a low of $533M during 1987.
American Express Operating Income by Year
American Express Operating Income 2025: $13.8B
American Express posted operating income of $13.8B in 2025, grew 7.0% from 2024. This figure represents the highest annual value in the available history.
American Express Operating Income 2024: $12.9B
In 2024, American Express reported operating income of $12.9B, grew 22.7% from 2023.
American Express Operating Income 2023: $10.5B
American Express operating income in 2023 was $10.5B, grew 9.7% from 2022.
American Express Operating Income 2022: $9.59B
2022's operating income for American Express came in at $9.59B, declined 10.3% below 2021.
American Express Operating Income 2021: $10.7B
American Express operating income in 2021 was $10.7B.
See more financial history for American Express (AXP).
Sector peers by Operating Income
Financial Services peers of American Express (AXP), ranked by their latest operating income
| $72.6B | |
| $58.9B | |
| $37.7B | |
| $25.2B | |
| $24B | |
| $22B | |
| $21.9B | |
| $19.4B |
- $72.6B
- $37.7B
- $25.2B
- $24B
- $21.9B
- $19.4B
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- Buybacks3.26% TTM
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