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

American Express' Cost of Revenue history spans 6 years, with the latest figure at $1.5 billion for Q1 2026.

  • On a quarterly basis, Cost of Revenue changed 0.4% to $1.5 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $6.2 billion, a 3.24% increase, with the full-year FY2025 number at $6.3 billion, up 3.51% from a year prior.
  • Cost of Revenue hit $1.5 billion in Q1 2026 for American Express, down from $1.6 billion in the prior quarter.
  • Over the last five years, Cost of Revenue for AXP hit a ceiling of $1.6 billion in Q4 2024 and a floor of $1.2 billion in Q1 2022.
  • Historically, Cost of Revenue has averaged $1.4 billion across 5 years, with a median of $1.5 billion in 2024.
  • Biggest five-year swings in Cost of Revenue: fell 19.62% in 2022 and later surged 31.43% in 2024.
  • Tracing AXP's Cost of Revenue over 5 years: stood at $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, then fell by 8.19% to $1.5 billion in 2026.
  • Business Quant data shows Cost of Revenue for AXP at $1.5 billion in Q1 2026, $1.6 billion in Q4 2025, and $1.6 billion in Q3 2025.