American Express (AXP) Cost of Revenue (2021 - 2026)

American Express has disclosed Cost of Revenue across 6 years of filings, most recently posting $1.6 billion for Q2 2026.

• In Q2 2026, Cost of Revenue rose 6.11% year-over-year to $1.6 billion; the TTM figure through Jun 2026 stood at $6.3 billion (up 3.53% YoY), while the FY2025 annual figure was $6.3 billion, up 3.51% from the prior year.
• Cost of Revenue came in at $1.6 billion for Q2 2026 at American Express, up from $1.5 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $1.6 billion in Q2 2026 to a low of $1.2 billion in Q1 2022.
• Average Cost of Revenue over 5 years is $1.4 billion, with a median of $1.5 billion recorded in 2024.
• Year-over-year, Cost of Revenue declined 19.62% in 2022 and jumped 31.43% in 2024.
• Over 5 years, Cost of Revenue stood at $1.3 billion in 2022, then retreated by 3.61% to $1.2 billion in 2023, then soared by 31.43% to $1.6 billion in 2024, then retreated by 0.12% to $1.6 billion in 2025, then grew by 2.36% to $1.6 billion in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $1.6 billion in Q2 2026, $1.5 billion in Q1 2026, and $1.6 billion in Q4 2025.