• American Express average pre-tax profit margin for 2023 was 15.23%, a 22.81% increase from 2022.
• American Express average pre-tax profit margin for 2022 was 19.73%, a 13.92% decline from 2021.
• American Express average pre-tax profit margin for 2021 was 22.92%, a 86.19% decline from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.