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American Express Co (WBO:AXP) Tax Rate % : 22.51% (As of Mar. 2024)


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What is American Express Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. American Express Co's Tax Expense for the three months ended in Mar. 2024 was €651 Mil. American Express Co's Pre-Tax Income for the three months ended in Mar. 2024 was €2,893 Mil. Therefore, American Express Co's Tax Rate % for the quarter that ended in Mar. 2024 was 22.51%.

American Express Co Tax Rate % Historical Data

The historical data trend for American Express Co's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

American Express Co Tax Rate % Chart

American Express Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.81 27.03 24.60 21.61 20.35

American Express Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 16.20 20.48 20.94 23.05 22.51

American Express Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

American Express Co's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=1961.463/9640.421
=20.35 %

American Express Co's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2024 )/Pre-Tax Income (Q: Mar. 2024 )
=651.36/2893.4
=22.51 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

American Express Co Tax Rate % Related Terms

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American Express Co (WBO:AXP) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » American Express Co (WBO:AXP) » Definitions » Tax Rate %
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Traded in Other Exchanges
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Address
200 Vesey Street, New York, NY, USA, 10285
Website
https://www.americanexpress.com
American Express is a global financial institution, operating in about 130 countries, that provides consumers and businesses charge and credit card payment products. The company also operates a highly profitable merchant payment network. Since 2018, it has operated in three segments: global consumer services, global commercial services, and global merchant and network services. In addition to payment products, the company's commercial business offers expense management tools, consulting services, and business loans.