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American Express Co  (AXP)
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American Express Co's Effective Tax Rate by quarter

Trends, Rankings, Statistics



AXP Effective Tax Rate (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Pre-Tax Income Change 34.26 % 26.07 % 7.51 % -20.1 % -18.86 %
Seq. Pre-Tax Income Change -18.97 % 13.39 % 26.17 % 15.82 % -23.91 %
Pre-Tax Income In Millions $2,512.00 $3,100.00 $2,734.00 $2,167.00 $1,871.00
Effective Tax Rate 23.05 % 20.94 % 20.48 % 16.2 % 15.98 %
Effective Tax Rate Total Ranking # 829 # 891 # 794 # 457 # 610
Income taxes expenses / -benefit In Millions $579.00 $649.00 $560.00 $351.00 $299.00
Y / Y Income taxes expenses / -benefit Change 93.65 % 11.9 % -3.28 % -42.74 % -49.06 %
Seq. Income taxes expenses / -benefit Change -10.79 % 15.89 % 59.54 % 17.39 % -48.45 %


Commenting fourth Quarter 2023 Effective Tax Rate
Company's effective tax rate in IV. Quarter increased compare to previous quarter to 23.05 %, below company's average Effective Tax Rate.

Looking into IV. Quarter results within Miscellaneous Financial Services industry 8 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has impoved so far to 829, from total ranking in previous quarter at 891.

AXP's Effective Tax Rate fourth quarter 2023 Company Ranking
Within: No.
Miscellaneous Financial Services Industry # 9
Financial Sector # 223
Overall # 828

AXP's Effective Tax Rate Statistics
High Average Low
165.73 % 29.85 % 14.49 %
(Dec 31 2017)   (June 30, 2008)




Other Effective Tax Rate Profitability Ratios
AXP's Cumulative Effective Tax Rate
Miscellaneous Financial Services Industry Effective Tax Rate Trends and Statistics
Financial Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
AXP's Effective Tax Rate Profitability versus Miscellaneous Financial Services Industry, Financial Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for AXP's Competitors
Effective Tax Rate Profit Margin for American Express Co's Suppliers
Effective Tax Rate Profit Margin for AXP's Customers

You may also want to know
AXP's Annual Growth Rates AXP's Profitability Ratios AXP's Asset Turnover Ratio AXP's Dividend Growth
AXP's Roe AXP's Valuation Ratios AXP's Financial Strength Ratios AXP's Income taxes expenses / -benefit Growth
AXP's Roa AXP's Inventory Turnover Ratio AXP's Growth Rates AXP's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Dec 31 2023, within Miscellaneous Financial Services Industry Effective Tax RateDec 31 2023 MRQ Income taxes expenses / -benefitDec 31 2023 MRQ Pre-Tax Income
Federal National Mortgage Association Fannie Mae  61.12 %$ 3,029.000 $ 4,956.000 
Consumer Portfolio Services Inc   26.99 %$ 2.657 $ 9.844 
Walker and Dunlop Inc   26.24 %$ 10.331 $ 39.367 
American Express Co  23.05 %$ 579.000 $ 2,512.000 
Federal Agricultural Mortgage Corporation  21.17 %$ 12.792 $ 60.411 
Federal Home Loan Mortgage Corporation  20.16 %$ 736.000 $ 3,650.000 
Synchrony Financial  18.37 %$ 99.000 $ 539.000 
Sprott Inc   16.89 %$ 8.492 $ 50.291 
Composecure Inc   11.17 %$ 3.900 $ 34.924 
Sofi Technologies Inc   6.34 %$ 3.245 $ 51.158 




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