As of Q4'25, the P/S Ratio for AXP stands at 12.08, marking a substantial increase from the previous quarter's value of 3.66. This latest data point represents a significant spike compared to recent quarters. Analyzing the period from Q1'23 to Q4'25, the P/S Ratio remained relatively stable and ranged between 1.90 and 3.66 until Q3'25, followed by a sharp surge in Q4'25. This abrupt jump at the end of the period suggests either a dramatic change in market valuation or a notable shift in revenue expectations, breaking the prior trend of gradual growth.