As of Q4'25, American Express (AXP) reports a P/E Ratio of 26.0, marking the highest value in the period covered by the chart. This latest figure reflects a notable increase from the previous quarter's 22.7 and continues an upward trend observed since Q1'25. From Q1'23 to Q4'25, the P/E Ratio for AXP has shown significant volatility, with values ranging from a low of 12.9 in Q3'23 to the current high of 26.0 in Q4'25. After a dip in Q3'23, the ratio rebounded sharply in Q4'23 and generally trended upward, especially throughout 2024 and 2025, indicating growing investor confidence or rising valuation expectations over the last two years.