The latest data point for AXP's profit margins in Q1'26 shows the Net Profit Margin at 15.7%, reflecting a moderate recovery from the 14.0% recorded in Q4'25, while Gross Margin remains stable at 100% across all periods, and Operating Margin has no data available for this quarter. Over the period from Q2'23 to Q1'26, Gross Margin has exhibited perfect stability at 100%, indicating consistent cost coverage before operating expenses. Operating Margin fluctuated between a low of 17.3% in Q4'24 and a high of 25.2% in Q2'24, with an overall volatile but slightly upward trend averaging around 20%, marked by seasonal dips in Q4 quarters. Net Profit Margin followed a similar pattern, ranging from 13.5% in Q4'23 to a peak of 20.0% in Q2'24, demonstrating resilience with quarterly averages near 16% and notable strength in non-Q4 periods, underscoring AXP's operational efficiency amid cyclical variations.