Skip to content
AnalystLens
Back to AXPIncome Statement

AMERICAN EXPRESS CO Income Tax Expense 2007-2026 | AXP

Annual FY2007–FY2025 · quarterly through Q2 FY2026

Latest annual · FY2025

$2.96B

+7.1%YoY vs FY2024Source: 10-KFY2025

From $1.57B in FY2007 to $2.96B in FY2025: 1.9× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$807M+8.2%$961M+44.5%Not reportedNot reported
FY25$746M+5.4%$665M−14.2%$923M+32.4%$628M+7.2%
FY24$708M+101.7%$775M+38.4%$697M+7.4%$586M+1.2%
FY23$351M−42.7%$560M−3.3%$649M+11.9%$579M+93.6%
FY22$613M−19.1%$579M−12.3%$580M−7.1%$299M−49.1%
Share22%27%28%23%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+20.6%

FY2020
$1.16B
FY2025
$2.96B

5 years selected · on the chart

Income Tax Expense History

Year-over-year comparison from 10-K annual reports

  1. $2.96B
YoY changeLargest recent move+126.4%in FY21Latest +7.1%

1 older move runs past ±150% (largest +170.9%); point at, tap or drag across the bars to read one.

Income Tax Expense, period by period

PeriodValueChangeSource
FY2025$2.96B+7.1%10-K
FY2024$2.77B+29.3%10-K
FY2023$2.14B+3.3%10-K
FY2022$2.07B−21.2%10-K
FY2021$2.63B+126.4%10-K
FY2020$1.16B−30.5%10-K
FY2019$1.67B+39.1%10-K
FY2018$1.20B−74.3%10-K
FY2017$4.68B+75.4%10-K
FY2016$2.67B−3.9%10-K
FY2015$2.77B−10.7%10-K
FY2014$3.11B+22.8%10-K
FY2013$2.53B+28.4%10-K
FY2012$1.97B−4.3%10-K
FY2011$2.06B+7.9%10-K
FY2010$1.91B+170.9%10-K
FY2009$704.0M−0.8%10-K
FY2008$710.0M−54.7%10-K
FY2007$1.57B—10-K

What is income tax expense?

Income tax expense is the total amount of income taxes a company owes to federal, state, and foreign governments.

What is AMERICAN EXPRESS CO's current income tax expense?

AMERICAN EXPRESS CO (AXP) annual income tax expense for 2025 was $2.96B, a 7.09% increase from 2024. AMERICAN EXPRESS CO income tax expense for the quarter ending June 30, 2026 was $961.0M.

What was AMERICAN EXPRESS CO's income tax expense in 2024?

AMERICAN EXPRESS CO annual income tax expense for 2024 was $2.77B, a 29.31% increase from 2023.

What was AMERICAN EXPRESS CO's income tax expense in 2023?

AMERICAN EXPRESS CO annual income tax expense for 2023 was $2.14B, a 3.28% increase from 2022.

What is AMERICAN EXPRESS CO's 5-year income tax expense CAGR?

AMERICAN EXPRESS CO income tax expense grew at a compound annual growth rate (CAGR) of 20.60% from FY2020 to FY2025, going from $1.16B to $2.96B over 5 years.

Company
AMERICAN EXPRESS CO
Ticker
AXP
Sector
Other
Industry
Finance Services