Filing Flows › American Express (AXP) › Q3 2026 › vs Q3 2025
American Express (AXP) Q3 2026 vs Q3 2025 (year over year)
American Express's revenue rose $1.6B (+9%) from $18.4B in Q3 2025 to $20.1B in Q3 2026. Operating margin 22.6% against 20.8% (+1.8 pts).
American Express, Q3 2026: revenue $20.1B (+9% year over year), operating margin 22.6%, net earnings $3.7B, operating cash flow $5.4B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.6% | 20.8% | +1.8 pts |
| Net margin | 18.5% | 15.7% | +2.8 pts |
| Free cash flow margin | 22.1% | 30.3% | -8.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $20.1B | $18.4B | $1.6B | +9% |
| Operating profit | $4.5B | $3.8B | $706M | +18% |
| Costs & expenses | $15.5B | $14.6B | $930M | +6% |
| Pre-tax earnings | $4.5B | $3.8B | $706M | +18% |
| Net earnings | $3.7B | $2.9B | $810M | +28% |
| Income tax | $819M | $923M | −$104M | -11% |
| Depreciation & amortization | $494M | $455M | $39.0M | +9% |
| Share-based compensation | $137M | $125M | $12.0M | +10% |
| Working capital & other | $1.0B | $2.8B | −$1.7B | -62% |
| Operating cash flow | $5.4B | $6.2B | −$849M | -14% |
| Free cash flow (OCF − capex) | $4.4B | $5.6B | −$1.1B | -20% |
| Capital expenditures | $947M | $654M | $293M | +45% |
Questions
How much did American Express's revenue grow year over year in Q3 2026?
American Express's revenue rose $1.6B (+9%) from $18.4B in Q3 2025 to $20.1B in Q3 2026. Operating margin 22.6% against 20.8% (+1.8 pts).