American Express (AXP) Cost of Revenue (2021 - 2025)
American Express' Cost of Revenue history spans 5 years, with the latest figure at $1.6 billion for Q4 2025.
- For Q4 2025, Cost of Revenue changed 0.12% year-over-year to $1.6 billion; the TTM value through Dec 2025 reached $6.3 billion, up 3.51%, while the annual FY2025 figure was $6.3 billion, 3.51% up from the prior year.
- Cost of Revenue for Q4 2025 was $1.6 billion at American Express, up from $1.6 billion in the prior quarter.
- Across five years, Cost of Revenue topped out at $1.6 billion in Q4 2024 and bottomed at $964.0 million in Q1 2021.
- The 5-year median for Cost of Revenue is $1.5 billion (2022), against an average of $1.4 billion.
- The largest annual shift saw Cost of Revenue decreased 19.62% in 2022 before it skyrocketed 31.43% in 2024.
- A 5-year view of Cost of Revenue shows it stood at $1.6 billion in 2021, then dropped by 19.62% to $1.3 billion in 2022, then decreased by 3.61% to $1.2 billion in 2023, then skyrocketed by 31.43% to $1.6 billion in 2024, then decreased by 0.12% to $1.6 billion in 2025.
- Per Business Quant, the three most recent readings for AXP's Cost of Revenue are $1.6 billion (Q4 2025), $1.6 billion (Q3 2025), and $1.6 billion (Q2 2025).