Can AXP Keep Its ROE Shining While Expenses Climb the Ladder?

Key Takeaways American Express posted a Q3 2025 ROE of 35.9%, up from 33.9% a year earlier.AXP's expenses climbed 10% in 2023, 6% in 2024 and 10% year over year in Q3 2025.American Express is using AI, fraud detection and personalized offers to support growth amid rising costs.American Express Company (AXP) has been a standout in the payments world for consistently delivering a high return on equity (ROE), benefiting from its premium customer base, robust fee income and a closed-loop network that allows for ...